Auto Insurance Companies in New Jersey
Find Cheap Auto Insurance Quotes in New Jersey
Geico is the largest car insurance company in New Jersey. It sells a quarter of all auto policies in the state.
In New Jersey, the 10 largest companies sell more than 93% of all auto insurance plans. If you're shopping for car insurance, you should take a closer look at these companies to help you find the right policy for your needs.
Largest car insurance companies in New Jersey
Company | Annual business | Market share |
|---|---|---|
| Geico | $2 billion | 24% |
| Progressive | $1.2 billion | 14% |
| New Jersey Manufacturers (NJM) | $1.1 billion | 12% |
| Allstate | $0.9 billion | 11% |
| State Farm | $0.7 billion | 9% |
| Plymouth Rock | $0.6 billion | 7% |
| Liberty Mutual | $0.5 billion | 6% |
| USAA | $0.3 billion | 4% |
| Travelers | $0.3 billion | 4% |
| Farmers | $0.3 billion | 3% |
1. Geico
2. Progressive
3. New Jersey Manufacturers (NJM)
4. Allstate
5. State Farm
6. Plymouth Rock
7. Liberty Mutual
8. USAA
9. Travelers
10. Farmers
Frequently asked questions
What are the largest auto insurance companies in New Jersey?
The largest auto insurance companies in New Jersey include Geico, Progressive, New Jersey Manufacturers (NJM), Allstate, State Farm, Plymouth Rock, Liberty Mutual, USAA, Travelers and Farmers. These 10 companies sell 93% of all car insurance policies in New Jersey.
What's the cheapest car insurance in New Jersey?
Geico has the cheapest car insurance in New Jersey, with an average price of just $49 per month for a liability-only policy. That's roughly half the state average.
What is the best auto insurance company in NJ?
Geico is the best car insurance company in New Jersey. It offers competitive rates, a range of discounts and a user-friendly app. However, it's important to shop around and get a range of quotes before you buy a policy.
Methodology and sources
Information about auto insurance company financial stability comes from AM Best. Customer complaint information is from the National Association of Insurance Commissioners (NAIC). Other customer satisfaction rankings are from J.D. Power.
Price data was compiled using Quadrant Information Services. Rate information is from publicly available filings. Rates are for comparative purposes only. Your quotes will likely differ.
About the Author
Former Senior Writer
Talon Abernathy is a former ValuePenguin Senior Writer who specialized in health insurance, Medicare and Medicaid. He also contributed to other insurance verticals including home, renters, auto, motorcycle and flood insurance.
Talon came to ValuePenguin in 2023. Since his arrival, he's helped to expand the site's health insurance-related content offerings. He enjoys helping readers understand the ins and outs of America's all too complicated health insurance landscape.
Before coming to ValuePenguin, Talon worked as a freelance writer. His prior work has touched on a broad range of personal finance-related topics including credit-building strategies, small business incorporation tactics and creative ways to save for retirement.
Insurance tip
In many parts of the country, you can qualify for a free Silver health insurance plan if you meet certain income requirements. Government subsidies in the form of premium tax credits and cost-sharing reductions may mean you'll pay nothing for coverage.
Expertise
- Health insurance
- Medicare and Medicaid
- Flood insurance
- Homeowners insurance
- Renters insurance
- Auto and motorcycle insurance
Referenced by
- The Miami Herald
- Money.com
- MSN
- Nasdaq
- The Sacramento Bee
- Yahoo! Finance
Education
- BA, University of Washington
- Certificate in Copyediting, UC San Diego
Credentials
- Licensed Life & Disability Insurance Agent
- Licensed Property & Casualty Insurance Agent
Editorial Note: The content of this article is based on the author's opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.
