Cheapest Car Insurance Quotes In Camden, NJ For 2024

GEICO is distinguished as the most affordable option in Camden, offering an average rate of $37 per month.

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Updated: 03 May 2024
Written by Bob Phillips
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When searching for the most affordable car insurance in Camden, NJ, options can vary significantly, but one company shines for its competitive rates: GEICO. On average, residents can obtain car insurance for around $37 per month, which is notably lower than the state’s average of $160.

For individuals seeking the cheapest liability-only coverage, GEICO stands out as the top choice. Additionally, for drivers in need of more comprehensive protection, GEICO offers the best rates for full coverage policies, priced at $92 a month. However, for young drivers, NJM provides the cheapest rates at $110 per month.

Cheapest Car Insurance Companies In Camden, NJ

Cheapest Car Insurance, Camden, NJ

Our Methodology

Utilizing a comprehensive analysis that considers various aspects including customer service ratings, product options, pricing, and thorough assessments of numerous online review sites and user experiences, I've developed a detailed understanding of the car insurance provider landscape in Camden, NJ. This perspective is well-informed, shaped by over 15 years of personal engagement in the industry as a licensed insurance agent. It includes numerous interactions with representatives from different companies and insights gained from firsthand experience.

65

Quotes Analyzed

15+

Years Of Industry Experience

22

Brands Reviewed

35+

Research Hours

How Much Is Car Insurance In Camden, NJ?

GEICO provides the most affordable car insurance in Camden, NJ, with coverage available for $181 a month. However, according to the table below, its rates are significantly higher than the average rate in both the State of New Jersey and the United States as a whole:

Area Average Monthly Rate
National $152
New Jersey $160
Camden, NJ $181

Bear in mind that the average national cost includes both high-cost states (such as New York, New Jersey, and California) and low-cost states (such as Mississippi, Kentucky, and Wyoming). Rates will vary by location according to many factors, including vehicle type, amount of coverage, zip code, driving record, etc.

Cheapest Car Insurance Rates In Camden For Full Coverage

GEICO offers the most affordable car insurance rates for full coverage in Camden. On average, their quotes are $92 per month.

Provider Average Monthly Cost Average Annual Cost
GEICO $92 $1,286
Progressive $152 $1,822
NJM $138 $1,654
Allstate $185 $2,218
State Farm $165 $1,978

Full coverage car insurance offers comprehensive protection beyond the basic requirements mandated by law. It usually combines comprehensive and collision coverages.

Comprehensive coverage protects against non-collision incidents like theft, vandalism, or natural disasters, while collision coverage provides financial protection for vehicle damages resulting from accidents, regardless of fault.

Cheapest Car Insurance Rates In Camden For Minimum Coverage

GEICO stands out as the most affordable car insurance company for minimum coverage in Camden, with an average monthly cost of $37.

Provider Average Monthly Cost Average Annual Cost
GEICO $37 $439
Allstate $89 $1,078
Travelers $92 $1,114
State Farm $105 $1,258
NJM $70 $838

The minimum car insurance policy should include at least the following:

  • $15,000 for bodily injury per person
  • $30,000 for bodily injury per accident
  • $5,000 for property damage per accident

Having minimum car insurance offers some protection while driving, but it doesn’t include collision or comprehensive coverage. This means damages to your vehicle in accidents or incidents like theft and natural disasters won’t be covered.

Additionally, driving without insurance is illegal in New Jersey. If you can’t provide proof of insurance during a traffic stop, you could face penalties ranging from fines to license suspension or worse.

Cheapest Car Insurance Rates In Camden For Teenagers

Teenage drivers in Camden can secure the most affordable quotes from GEICO, with average monthly premiums of $159.

Provider Average Monthly Cost Average Annual Cost
State Farm $313 $3,741
GEICO $159 $1,917
Progressive $327 $3,921
Foremost $354 $4,112
Allstate $380 $4,591

Teenage drivers typically encounter the highest car insurance premiums, primarily due to their lack of experience behind the wheel. Insurance providers categorize these young motorists as high-risk because they statistically have a higher likelihood of being involved in accidents and committing traffic infractions.

Cheapest Car Insurance Rates In Camden For Seniors

NJM offers the most affordable car insurance rates for seniors in Camden, with average quotes of $87 per month.

Provider Average Monthly Cost Average Annual Cost
NJM $87 $1,040
GEICO $92 $1,095
Plymouth Rock Assurance $93 $1,107
Travelers $101 $1,213
Allstate $104 $1,249

In New Jersey, numerous seniors may benefit from favorable car insurance rates influenced by several advantageous factors. While age commonly plays a role in insurance rate determinations, with older age sometimes linked to reduced driving ability, this stereotype doesn’t apply universally.

Cheapest Car Insurance Rates In Camden For Young Adults

NJM provides the most affordable quotes for young adults in Camden, with rates averaging around $110 per month.

Provider Average Monthly Cost Average Annual Cost
NJM $110 $1,318
GEICO $115 $1,378
Mercury $155 $1,858
Allstate $125 $1,498
Travelers $112 $1,342

In New Jersey, young adult drivers typically enjoy lower car insurance rates compared to their teenage counterparts. This difference in pricing is attributed to the maturation of driving habits and a corresponding decrease in risk-taking behaviors as drivers age.

Statistics show that young adults are less likely to file claims with insurance companies, indicating a reduction in accident involvement. As a result, insurers adjust premiums downward, acknowledging the improved safety records and decreased likelihood of claims from these more experienced drivers.

Cheapest Car Insurance Rates In Camden For Good Drivers

Drivers with good records in Camden can secure the most affordable car insurance quotes from GEICO, with rates averaging around $37 per month.

Provider Average Monthly Cost Average Annual Cost
GEICO $37 $439
Allstate $89 $1,078
Travelers $92 $1,114
State Farm $105 $1,258
NJM $70 $838

Drivers with clean driving records in Camden typically enjoy lower car insurance rates because they’re seen as lower risk by insurance companies. These companies use driving records as a gauge of how safely a person drives. Fewer incidents, like accidents or traffic violations, indicate that the driver is cautious and less likely to file a claim.

Since insurers set rates based on the likelihood of a driver making a claim, having a spotless driving record can result in significant savings on premiums. It’s all about risk assessment – the cleaner the record, the lower the perceived risk, and consequently, the lower the insurance cost.

Cheapest Car Insurance Rates In Camden For Drivers With Prior Incidents

In Camden, drivers with records of traffic violations, such as accidents, speeding tickets, or DUIs, often encounter challenges in obtaining affordable car insurance. These driving infractions lead insurance companies to classify them as high-risk, indicating a greater likelihood of filing future insurance claims.

As a result, insurance providers increase their rates for these individuals to offset the risk of potential higher claim payouts.

Cheapest Car Insurance Rates In Camden For Drivers With A Speeding Ticket

NJM stands out as an affordable option compared to other companies, offering average rates of $90 per month.

Provider Average Monthly Cost Average Annual Cost
NJM $90 $1,078
Travelers $147 $1,762
Geico $95 $1,138
Allstate $127 $1,522
Progressive $135 $1,618

Cheapest Car Insurance Rates In Camden For Drivers With An At-Fault Accident

NJM provides the most economical car insurance quotes for drivers with an at-fault incident, boasting an average rate of $83 per month.

Provider Average Monthly Cost Average Annual Cost
NJM $83 $994
Travelers $173 $2,074
Geico $122 $1,462
Progressive $187 $2,242
Allstate $172 $2,062

Cheapest Car Insurance Rates In Camden For Drivers After A DUI

NJM offers the most affordable rates for drivers after a DUI incident, providing Camden drivers with average monthly premiums of $90.

Provider Average Monthly Cost Average Annual Cost
NJM $90 1,078
Travelers $168 $2,014
Progressive $127 $1,522
Geico $180 $2,158
Allstate $150 $1,798

Best Car Insurance Companies In Camden

For drivers in Camden, selecting the right car insurance company involves finding affordable rates and ensuring reliable protection on the road. Below are the top 10 car insurance companies in Camden, NJ, ranked by the average monthly rate they offer.

Company Monthly Premium
Mercury Insurance $274
Penn National $224
New Jersey Manufacturers $125
Allstate $238
Plymouth Rock $309
Esurance $260
State Farm $200
Mercury $305
Encompass $270
Liberty Mutual $324

Average Car Insurance Rates By Age In Camden

Age Average Yearly Rate
Teenagers $4,642
20s $3,000
30s $2,098
40s $1,942
50s $1,858
60s $1,604
70s $1,544

Age plays a significant role in determining car insurance rates. Typically, younger drivers, especially teens and young adults, encounter higher insurance premiums due to their inexperience and statistically higher likelihood of accidents and traffic violations. As drivers approach the age of 25, their rates usually begin to decrease, assuming they maintain a clean driving record.

The most favorable insurance rates are often available for drivers in their 50s and early 60s. Insurance companies utilize age as a metric to assess driving experience and risk potential, which in turn influences the cost of premiums.

Average Car Insurance Rates By Vehicle Type In Camden

Vehicle Average Monthly Rate
Kia Sorento $185
Nissan Versa $257
Nissan Altima $161
Dodge Charger $335
Ford Mustang $190

The type of vehicle you drive has a significant impact on your car insurance costs. Insurance companies take into account factors such as the make, model, year, and body type of the car. Typically, newer vehicles, especially luxury models with advanced technology and higher replacement costs, tend to have higher insurance rates.

On the other hand, older cars or those less expensive to repair or replace may attract lower premiums. Insurers consider these factors because they directly affect the potential cost of claims – for example, repairs for a high-end car are generally more expensive than for a standard vehicle. Additionally, certain car models known for safety may qualify for lower insurance rates due to a reduced risk of accidents and injuries.

How Much Is Car Insurance For Other Cities In New Jersey?

City Average Monthly Rate
Morristown $122
New Brunswick $147
Newark $205
Paterson $193
Atlantic City $178
Camden $188
Clifton $178
Edison $135
Elizabeth $187
Jersey City $168

The city where you live greatly influences your car insurance rates. Insurance companies evaluate various factors related to your location, including the likelihood of accidents, vehicle theft, and vandalism rates, which are generally higher in urban areas. This heightened risk often results in higher premiums.

FAQs

Who has the lowest car insurance rates in Camden?

GEICO offers the lowest car insurance rates in Camden for both the minimum coverage required by the State of New Jersey and for full coverage, which includes comprehensive and collision coverage.

What is the average cost of car insurance in Camden?

The average cost of car insurance in Camden is approximately $181 per month. However, rates can vary depending on factors such as your zip code, the year and model of your car, your driving record, and other considerations.

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