GEICO vs. New Jersey Skylands: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for car insurance, GEICO offers significantly cheaper prices than New Jersey Skylands
• GEICO offers less expensive average premiums for policyholders whose driving record contains an at-fault collision
• New Jersey Skylands has more affordable prices in NJ

GEICO or New Jersey Skylands: Which Company has the Cheapest Car Insurance?

So, you're considering switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering hefty savings. But exactly how much can you save by switching?

You might have narrowed it down to GEICO or New Jersey Skylands as potential options, but which one has less expensive rates for auto insurance?

As you can see, New Jersey Skylands has average rates that are around 60% a month more expensive than those from GEICO when looking at the national average rates for car insurance.

But that doesn't mean GEICO will necessarily be cheaper than New Jersey Skylands for every driver. Auto insurance carriers vary their premiums depending on things like how old you are, how good your credit score is, how clean your driving record is, where you live, and a ton of other factors, so rates could differ drastically from person to person.

Wanting to know if GEICO or New Jersey Skylands is really the right company for you? Keep on reading to see how average premiums can change based on all of the factors we've mentioned above.

GEICO vs. New Jersey Skylands: Average Car Insurance Rates by State

GEICO and New Jersey Skylands only compete against each other in New Jersey, where GEICO offers the cheaper average prices. GEICO drivers tend to pay about $294 per month less on average compared to drivers who use New Jersey Skylands for their insurance.

That being said, there are plenty of other factors that go into your car insurance bill than just where you live. Continue reading to learn more about how other variables will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance rates of any group out there on the road. The reason is that teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

Even so, that doesn't mean that teen drivers have to just accept sky-high insurance premiums. Just look at the table above -- where 18-year-old drivers who have GEICO for their auto insurance pay over 60% less than those who use New Jersey Skylands. It's worth noting that GEICO offers car insurance in 50 different states compared to New Jersey Skylands's one, which can skew the average prices a bit, but the difference here is still considerable.

However, both companies will offer you dramatically lower premiums by the time drivers turn 25. For example, average rates for GEICO policyholders lower about $200 and New Jersey Skylands's prices decrease more than $500 over that time.

Which is the Best Company for Retired Drivers?

When it comes to insurance, patience and experience pay off, with drivers around retirement age paying some of the cheapest rates you'll ever see.

So, which carrier offers the best prices to retired drivers? GEICO gets the edge, with premiums for drivers 65 and older almost 60% more affordable than the national average for New Jersey Skylands.

Which is the Best Company for Married Drivers?

Did you know that car insurance prices are generally more expensive for single drivers than they are for married drivers? That's because policies for married policyholders usually cover multiple vehicles, which lots of carriers will give you a discount for.

For single policyholders, the difference in average premiums between these two companies is significant, with GEICO rates coming in at around a third of New Jersey Skylands's. For married couples, the advantage is clear again - GEICO has the edge when it comes to average prices.

GEICO or New Jersey Skylands: Average Rates by Gender

Men are statistically more likely than women to get into a collision or get pulled over for speeding. That means when it comes to insurance men will normally end up paying a little more.

With GEICO, women typically pay about $10 a month less than men, and around $7 with New Jersey Skylands.

When it comes to the lowest premiums for each gender, GEICO comes out on top for both men and women, with average rates $275 less for men and $276 cheaper for women.

GEICO vs. New Jersey Skylands: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

For most people, auto insurance isn't the easiest topic to understand. Everyone needs insurance, but there are so many different terms and coverages that it can be hard to find the right policy for you.

That being said, most policies end up falling into two different types of coverage -- liability coverage (which covers the other party's property damage and injuries if you cause an accident) and full coverage (which includes collision and comprehensive coverages that protect your own car, alongside what you get with a liability policy).

Looking specifically at state minimum liability limits, GEICO has the significant edge, with average monthly prices coming in at $101. If you want a full coverage policy with the same state minimum limits, GEICO again has the edge, with policies averaging about $269 per month to New Jersey Skylands's $624.

Is GEICO or New Jersey Skylands Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their auto insurance. But that's not to say you can't save money if you don't have the best driving record, either.

It's no secret secret that speeding tickets and at-fault collisions lead to higher rates, but which company -- GEICO or New Jersey Skylands -- has the most affordable premiums for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use GEICO for their car insurance can normally expect their monthly bill to go up around 23% after getting a speeding ticket. New Jersey Skylands policyholders can expect a less drastic increase of about 17%.

But GEICO has cheaper rates for drivers in both categories -- their rates are around 64% more affordable for drivers with clean records and 61% less expensive for those with a ticket.

Which Company is Best for Drivers After an Accident?

Both carriers will raise prices pretty significantly if you get into an at-fault accident with GEICO climbing by around 43%. New Jersey Skylands has a less extreme increase, but you can still expect to pay more than 15% more than you were prior to your first collision.

At the end of the day, the cheaper premiums come from GEICO, with average rates coming in at $200 compared to New Jersey Skylands Insurance's $387.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge, you can expect some pretty significant increases in your monthly insurance bill -- typically a lot more than a collision or ticket. New Jersey Skylands drivers usually see a 57% climb in their auto insurance prices after a DUI charge, while GEICO will usually raise premiums by about 58%.

GEICO has the overall lowest prices for drivers with a DUI on their records at $275 monthly, but it's worth noting that GEICO's average rates come from 50 states compared to just one for New Jersey Skylands, so the data may be skewed slightly.

How does Credit Score Impact GEICO and New Jersey Skylands Rates?

In many cases, your credit score can be used as one of the factors to determine your monthly car insurance rates. This isn't true for everyone (Hawaii, for example, has banned the use of credit score as an auto insurance factor) but it might come into play for a lot of drivers.

Insurance companies argue that those with good credit scores are more likely to pay their bills on time every month, which lowers the risk involved on their end, while the opposite is true for those with bad credit.

Looking specifically at GEICO and New Jersey Skylands, which carrier has the best premiums for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, GEICO will generally reward you the most. For drivers with "excellent" credit scores, GEICO comes in over 62.03 more affordable. Drivers with "good" credit scores normally save around 59% with GEICO compared to average rates from New Jersey Skylands.

Which Company is Best for Drivers with Bad Credit?

GEICO typically offers lower premiums than New Jersey Skylands when it comes to drivers with a below average credit score. Drivers with "fair" credit pay about 58% a month less with GEICO compared to New Jersey Skylands, and those with "poor" scores generally save an average of around 60% a month.

Is GEICO or New Jersey Skylands Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a pretty big impact on your monthly car insurance cost. Usually, those who drive less will end up with less expensive prices since there's less of a chance of causing an accident and filing an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much New Jersey Skylands charges. However, there's a small difference in monthly rates for GEICO, with drivers who put 6,000 miles on their vehicle annually paying about $8 less each month compared to those who drive 12,000 miles every year. Still, for drivers in both categories, GEICO is the more affordable carrier.

GEICO or New Jersey Skylands: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can have a large impact on your monthly auto insurance payment. Typically, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers since there are a lot fewer cars on the roads where they live.

When comparing these two carriers side-by-side, GEICO normally comes out as the cheapest option for drivers in every type of area, no matter if it's urban, suburban, or rural.

Those in rural areas can expect to save around 55% with GEICO compared to New Jersey Skylands. People who live in suburban areas pay about 61% less with GEICO compared to New Jersey Skylands. For policyholders in urban ZIP codes, GEICO's average premiums are around 62% less than New Jersey Skylands Insurance.

GEICO vs. New Jersey Skylands Discounts

You want to save as much money as you can, right? The best way to do that is by taking advantage of as many car insurance discounts as possible.

But with what seems like a million different discounts out there, it can be challenging to find all the ones you're eligible for or to nail down the company that has the most discounts for your unique driver profile.

Luckily, we did the hard work for you and looked at all of the different discounts GEICO and New Jersey Skylands offer their customers so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

GEICO knocks New Jersey Skylands out of the park when it comes to the sheer number of discounts available, offering 28 different discounts to New Jersey Skylands's 18.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for being a good driver, discounts for being a good student, and multi-policy discounts. GEICO also offers discounts for ABS, commercial drivers license, COVID-19 relief, and more.

On the other hand, New Jersey Skylands has a few proprietary discounts of their own for things like advance quote discounts, company car discounts, education discounts, and more.

Final Thoughts: Is GEICO or New Jersey Skylands Best for You?

You've seen the effect certain variables have on your insurance and the different discounts companies offer. That's all well and good, but when it comes down to it, which carrier is the best company for you, your vehicle, and your wallet?

GEICO might be best for you if....

• You have a clean record.
• You want to save extra money with discounts.
• You are purchasing your auto insurance with a spouse.

New Jersey Skylands might be best for you if...

• You like the personalized touch of a small, regional company.

Hopefully, this guide has ben a valuable resource as you compare GEICO and New Jersey Skylands. We also hope we've given you the information you need to make the best decision about your car insurance.

But, at the end of the day, there's only one way to know for sure that you're getting the best possible deal on insurance -- comparing quotes from several carriers, not just GEICO and New Jersey Skylands. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of top auto insurance companies in your area, all in just a few minutes.

GEICO vs. New Jersey Skylands FAQs

Is GEICO or New Jersey Skylands cheaper?

GEICO is the cheaper of the two carriers when looking at national average prices, with policies averaging $185 per month with GEICO and $460 for New Jersey Skylands. Even so, that doesn't mean GEICO will be the most affordable carrier for everyone, since there are a bunch of different factors (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, GEICO or New Jersey Skylands?

Sadly, the answer truly is "it depends.". Neither company is "better" for everyone -- it all comes down to what your unique insurance profile looks like.

Why do GEICO and New Jersey Skylands offer me different rates?

Car insurance companies use many different variables when determining the premiums they charge. Things such as age, gender, where you park your vehicle, your driving record, and sometimes even things like your credit score can all be taken into consideration. Both GEICO and New Jersey Skylands calculate rates using different factors, so it's likely they'll offer different prices. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from several different carriers.

How do I know if GEICO or New Jersey Skylands is right for me?

The only way to find the auto insurance company that's right for you is by getting quotes from multiple companies and finding the one best suited for your individual budget. Luckily, Compare.com makes it easy for you to do just that. Just enter your information once and you'll get quotes from dozens of your local top car insurance carriers for free. With those, you can guarantee you're getting the most affordable price. And maybe you'll find that the best carrier for you isn't GEICO or New Jersey Skylands at all, but another you hadn't even thought of!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.