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Get Cheap Car Insurance in Cape May Point, NJ

We monitor insurance prices, helping the average driver in Cape May Point save up to 37.9% on car insurance.

 

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The Cheapest Minimum Coverage in Cape May Point

The chart below shows the cheapest car insurance company in Cape May Point for a driver with a good record seeking minimum coverage on a mid-grade used vehicle. Values are estimated, and premiums may be lower or higher, but should be in an accurate order for a good driver. In general, drivers with good records will get the best prices through State Farm, followed by Geico, Plymouth Rock Assurance, and NJM.

 
Cape May Point Insurer Monthly Cost
State Farm $55
Geico $58
Plymouth Rock Assurance $71
NJM $84

Savings for Every Kind of Cape May Point Driver

The table shows how much the average auto insurance customer in Cape May Point might save by following our recommendations.

Based on our extensive insurance data, we know the average Cape May Point driver will save about 26% on car insurance. This isn’t marketing: this is unbiased data with no financial influence. The best auto insurance company depends on factors such as your driving record, home location, credit score, marital status, and age. The average driver will find themselves saving $438 per year by choosing the right vehicle insurance company. Some Cape May Point residents are paying out over $1,670 extra every year for auto insurance in Cape May Point. That cost may be even higher if you haven’t requested a new quote as your life situation changed.

Situation
Cape May Point, NJ Savings / Yr.
Drivers with good records
$438
Drivers with accidents
$812
Drivers with speeding tickets
$624
Drivers with a DUI conviction
$538
Young drivers
$2,160
Married drivers
$421
Drivers with bad credit
$655

Cape May Point Car Insurance vs. New Jersey

People living in Cape May Point pay an average of 8.03% less than the typical driver in the state. The average driver in Cape May Point can expect to pay about $996 per year, or $1,670 for full coverage.

Based on our analysis, Geico will be the cheapest provider in Cape May Point for most people.

Car Insurance Prices by Cape May Point Neighborhood

Cape May Point, NJ map of insurance costs by zip code and neighborhood

Insurance Prices

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Average
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Where is insurance cheapest within Cape May Point?

The map shows insurance prices in and around Cape May Point, with more expensive areas in red and places with cheaper car insurance in green. Insurance can vary by as much as $0 per year within the city boundaries, with insurance premiums ranging from a high of $1,670 to a low of $1,670. Insurance prices tend to be higher for those living in the Central area, and lower for those with homes in the Central parts of Cape May Point.

Pick the Best Car Insurance Company for You in Cape May Point

We have analyzed insurance costs for auto insurance customers based on the major variables that impact pricing. The results of our analysis are below, including US dollar savings. What about when you meet one or more of the criteria? For example, if you have both a DUI and a speeding ticket? Simply start with the Cape May Point insurance provider for whom we have posted the highest savings dollar figure.

The best car insurance provider for most drivers in Cape May Point

For drivers with clean driving records and no major strikes, Geico is the best option, with annual savings of $438 over the average Cape May Point car insurance company.

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We use the average good driver, paying $103 per month, as our baseline for pricing in Cape May Point. Geico, NJM, and Plymouth Rock Assurance are all good choices for quotes if you have a clean record. See also the best providers for married people if you are married, and look for repeated company names.

The best car insurance provider for Cape May Point drivers with accidents on their records

In Cape May Point getting into an accident will raise premiums an average 35% for a yearly cost of $2,583. That's $912 per year more than a driver with no at-fault crashes on their driving record might pay. To avoid paying out more than you need to, Geico, NJM, and Plymouth Rock Assurance are good choices for drivers with accidents.

In our analysis, NJM saved the average person who had been in an accident the most, with annual savings averaging $812 over the competition.

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The best car insurance company for Cape May Point drivers with speeding tickets

>Geico gave the average person with a speeding ticket the most savings, averaging $624 better than other car insurance companies.

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Depending on the insurance company, a speeding ticket can actually raise insurance premiums more than getting in an accident. In Cape May Point, tickets raise premiums on new quotes about $355. If you have a speeding ticket, we recommend State Farm, Geico, and Plymouth Rock Assurance for savings that beat the average insurance cost of $2,025 per year.

The best auto insurance for Cape May Point drivers with a DUI conviction

Getting a DUI can increase the cost of insurance dramatically. The average person with a DUI paid $2,283 per year in auto insurance premiums, which was $613 more than a driver with no major issues. Geico, Progressive, and NJM penalized their customers the least for a DUI.

Getting a quote from NJM may cost the average person with a DUI about $538 less each year.

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The least expensive car insurance company for new and young drivers in Cape May Point

In Cape May Point, Geico costs young drivers $2,160 less each year versus the average auto insurance bill.

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Teen drivers account for more than their share of accidents, and thus end up paying about 71% more for insurance than more mature drivers in Cape May Point. With an average cost of $5,696 per year (for young drivers who aren't on a parent's plan), car insurance for inexperienced drivers can’t ever be called "cheap." A few companies like State Farm, Geico, and NJM try to attract these younger drivers with lower prices in the hopes that they will stay with the company.

The best marriage discounts for vehicle insurance in Cape May Point

Not everything is an excuse for the auto insurance companies to charge you more. Getting married provides an average discount of $63. State Farm, Geico, and Plymouth Rock Assurance provided the largest discounts to couples living in Cape May Point.

Geico gave the largest car insurance discounts to married couples, averaging $421 saved each year compared to an average Cape May Point couple's premiums.

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The cheapest car insurance in Cape May Point for drivers with bad credit

People with poor credit saved an average of $655 with NJM.

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Many people are surprised that their poor credit score can cost them an average of $994 every year. Premiums for people with poor credit were about $2,665 in Cape May Point. However, some insurance companies do not take credit score into account. If you have a credit score below 575, get quotes from Geico, Progressive, and NJM.

The best Cape May Point car insurance company for customer service

Many car insurance companies over the years have struggled with customer service. In Cape May Point, the National Association of Insurance Commissioners (NAIC) ranks Nationwide as the best. Another valuable metric: JD Power ranks NJM as the best provider in Cape May Point.

Nationwide was the best company for customer service in Cape May Point according to the NAIC.

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Recent price drops

Due to improvements in our tracking and methodology, we are unable to show price change data for the most recent year. This data will return next year (2023).

In 2020, at the peak of the global pandemic, {{top1_2020pricedrop_company}} changed their average price {{top1_2020pricedrop_company_percentage}}% in Cape May Point, which was better than other insurers.

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During the Covid-19 pandemic a few insurance companies realized people were driving less and struggling overall. They proactively lowered their rates for many customers in Cape May Point. We think helping communities in a time of need deserves special attention. Many insurance companies have advertisements telling us how much they care: we prefer to look at their actions.

The cheapest large national provider in Cape May Point

Many customers have informed us that they prefer to work with large national brands. Maybe they're one of the 2.6% of Cape May Point residents who are renting, and don't plan to be in the city or state for very long. Or maybe national recognition and funds make people feel more secure with a large provider. Regardless, Geico tends to have the lowest prices for most drivers.

For customers who prefer to work with large national providers, we recommend Geico for pricing. The average Cape May Point driver can expect to pay about $112 per month.

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What About USAA?

JD power consistently ranks USAA as the top car insurance company in the United States. We don’t compare their rates because most people can’t sign up. USAA only allows active military members and their spouses and children to apply. In Cape May Point, USAA has the best prices for none of the categories above.
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Auto Insurance Prices in and Around Cape May Point

What Influences the Cost of Car Insurance in Cape May Point?

On average, car insurance in Cape May Point is actually less expensive than the rest of the state. These low prices are no mystery to us. Coverage Watch tracks car insurance costs and uses a complex AI that finds related variables, and has determined car insurance prices in the city are influenced by the following factors:

  • The average commute time in Cape May Point is 16 minutes, which is far less than average for a driver in the state.
  • New Jersey state insurance regulations may require higher prices.
  • An average of 0 weeks with snow on the ground, which impacts accident rates.
  • Marriage rates in Cape May Point are among the lowest in the state, and marriage often results in car insurance discounts.
  • Vehicle theft rates in the area are very high, with a Vehicle Theft Crime Grade of B- according to CrimeGrade.org.
  • Cape May Point has an average population density in the state. The city’s density could result in a price increase for drivers.

As a result of these and other factors, the average cost of car insurance in Cape May Point is $83 per month for minimum coverage and $139 per month for full coverage. Costs vary widely based on your situation, and will likely be lower if you have a clean driving record and follow our insurance company research to find the best car insurance company for you.

Car Insurance in Nearby Cities

Cities with Similar Populations

* Who is the average Cape May Point driver? Based on national demographic data provided by BestNeighborhood, we took a single unmarried man living in central Cape May Point with good (but not perfect) credit driving a used midsized sedan. Data sources: proprietary data collection and analysis, unique to CoverageWatch.org All content copyright CoverageWatch.org. Journalists and other websites are free to cite any data with attribution.