Compare Paterson, NJ Car Insurance Rates (2021)

The cheapest Paterson, NJ car insurance is offered by GEICO, but rates will vary by driver. Auto insurance in Paterson must meet the state minimum requirements of 15/30/5 in liability coverage and $15,000 in personal injury protection. Compare Paterson, NJ auto insurance rates online to find the best deal for you.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Founder & CFP®

UPDATED: May 2, 2021

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Here's what you need to know...

  • GEICO offers the cheapest car insurance on average in Paterson, NJ
  • Paterson car insurance is more expensive than the national average
  • Some Paterson drivers may qualify for the Special Automobile Insurance Policy program if they have Medicaid

Paterson, NJ car insurance is much higher than the national average. It’s not surprising since New Jersey car insurance on average is also more expensive.

However, you can still find affordable Paterson, NJ car insurance if you shop around. Compare rates from multiple companies to find the cheap car insurance that fits your needs.

Enter your ZIP code now to compare Paterson, NJ car insurance quotes for free today.

What is the cheapest car insurance company in Paterson, NJ?

GEICO offers the cheapest car insurance in Paterson on average, although rates will vary by driver.

The top Paterson, NJ car insurance companies listed from least to most expensive are:

  • GEICO – $3,909.34
  • Travelers – $6,129.69
  • Progressive – $6,496.94
  • Allstate – $7,531.75
  • Liberty Mutual – $9,817.84
  • State Farm – $11,318.82
  • Farmers – $12,394.50

Car insurance rates are affected by many different factors such as your age, gender, driving record, and credit history. Even the Paterson, NJ weather can affect your rates since icy roads lead to more accidents.

The size of the city can also influence your rates. Larger cities typically see more traffic and theft, causing auto insurance rates to rise. For example, although the cities are near each other, Newark car insurance is much higher than coverage in Paterson.

New Jersey also offers the Special Automobile Insurance Policy (SAIP) which offers extremely low coverage for about a dollar a day. Drivers must meet certain requirements, such as being enrolled in Medicaid, in order to qualify for the SAIP program.

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What car insurance coverage is required in Paterson, NJ?

New Jersey requires that drivers carry at least a minimum amount of car insurance to drive legally. Paterson drivers must carry at least:

  • $15,000 per person and $30,000 per incident for bodily injury liability
  • $5,000 per incident for property damage
  • $15,000 in personal injury protection (PIP) coverage

New Jersey is a no-fault state. This means that your car insurance pays for any damages and injuries from an accident no matter who is at fault.

However, you can see that these limits are very low and would easily be exhausted in a serious accident. Drivers should consider increasing these limits and additional coverages.

What affects car insurance rates in Paterson, NJ?

Traffic can increase your car insurance rates as well since more cars on the road can equal a greater chance of being in an accident.

INRIX doesn’t have data for Paterson, NJ, but ranks nearby New York City, NY as the most congested city in the U.S. and the third most congested city in the world.

City-Data reports that most drivers in Paterson commute about 15 minutes, although a number of drivers commute an hour or more.

Auto theft can also impact your rates. According to the FBI, there were 631 motor vehicle thefts in one year in Peterson.

Paterson, NJ Car Insurance: The Bottom Line

Paterson auto insurance is much more expensive than the state and national averages. However, you can find great rates if you shop around before you buy Paterson, NJ car insurance. Each company will offer a different rate so compare several to find the best deal.

Enter your ZIP code to compare Paterson, NJ car insurance rates from multiple companies near you.

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