Car Insurance in Newark, NJ
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The Need for Car Insurance in Newark, NJ
With heavy traffic and six major highways passing through the city, there are ample opportunities for accidents to occur. Having the right car insurance in Newark, NJ, lets you drive confidently knowing you have the protection you need.
Getting around Newark doesn't require a car. NJ TRANSIT offers bus and rail options connecting the city to the rest of the state and region. Nevertheless, nearly 70% of Newark residents commute alone in a passenger vehicle, with an average one-way travel time of 33.7 minutes. An additional 41,000 people commute to Newark each day to work, adding to congestion and risks on city roads.
Auto thefts in the city are much higher than the state average, with a rate of 604.8 per 100,000 people each year. Adding comprehensive coverage to your policy can help protect you if someone steals or vandalizes your vehicle.
Comprehensive Auto Coverage for Newark Drivers
Choosing the right car insurance in Newark, NJ, means finding a policy that has the coverage you need at a price that fits your budget. Our brokers at VIU by HUB can help you compare quotes to find a policy that checks all the boxes.
New Jersey insurance requirements mandate that drivers must maintain a minimum amount of insurance that includes:
- Liability coverage of at least $25,000 per person and $50,000 per accident
- Property damage coverage of at least $25,000 per accident
- Personal injury protection of at least $15,000 per person or accident
- Uninsured/Underinsured Motorist Coverage matching liability limits
Many drivers also opt to include collision and comprehensive coverages in their policy. These components pay for damages to your vehicle after an accident (collision), theft, fire, or weather-related event (comprehensive). Costs for these coverages can vary widely, which is why our brokers will help you compare rates from several different companies.
According to the Automobile Insurance Cost Reduction Act, drivers may opt for a basic policy that provides lower coverage limits at a cheaper cost. A basic policy may not include liability insurance and can have property damage limits as low as $5,000. Personal injury protection minimums are the same as for standard policies. The New Jersey Department of Banking and Insurance cautions that this type of policy is only suitable for drivers with few assets and little to no family responsibilities, such as young drivers who just got a license.
Car Insurance Costs in Newark, NJ
New Jersey car insurance rates are generally higher than the national average of $1,543. Newark drivers can expect to pay even higher amounts. The average car insurance premium for car insurance in Newark, NJ, is $2,480. significantly higher than the state average of $1,706 per year. High accident and auto theft rates contribute to the cost of car insurance in Newark, which is in line with rates in other major cities within the state.
Our brokers at VIU by HUB can help Newark drivers save on insurance premiums. We can provide you with multiple quotes so you can compare prices and coverage options. We'll also help you look for possible discounts to reduce premiums even more.
Compare Quotes To Save on Car Insurance in Newark, NJ
New Jersey drivers who need comprehensive car insurance in Newark, NJ, can save by comparing quotes from several companies. Our brokers at VIU by HUB will help you identify the policy that most closely matches your needs and budget.
This information is intended for general informational purposes only and is not intended to constitute legal advice.
Sources
New Jersey Department of Banking and Insurance