What company has the most affordable car insurance?
The cheapest car insurance is GEICO with an average annual rate of $513 per year — $43 a month — for a state minimum coverage policy. The cheapest car insurance widely available with better coverage is State Farm offering a full coverage policy of $1,123 per year — $94 a month.
What is NJ minimum car insurance coverage?
In New Jersey, minimum liability limits are expressed as 15/30/5. This means that all drivers need at least $15,000 liability coverage per person and $30,000 per accident with at least $5,000 property damage coverage.
Is njm insurance cheap?
NJM offers very affordable car insurance. The average cost for a minimum-coverage policy from NJM is $833 per year, or $69 per month, the cheapest quote we found. Full-coverage car insurance from NJM costs $1,731 per year, or $144 per month.