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Get Cheap Car Insurance in Franklin Lakes, NJ
We monitor insurance prices, helping the average driver in Franklin Lakes save up to 37.9% on car insurance.
The Cheapest Minimum Coverage in Franklin Lakes
The chart below shows the cheapest car insurance company in Franklin Lakes 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.
| Franklin Lakes Insurer | Monthly Cost |
|---|---|
| State Farm | $60 |
| Geico | $62 |
| Plymouth Rock Assurance | $77 |
| NJM | $90 |
Savings for Every Kind of Franklin Lakes Driver
Based on our extensive insurance data, we know the average Franklin Lakes 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 $473 per year by choosing the right vehicle insurance company. Some Franklin Lakes residents are paying out over $1,804 extra every year for auto insurance in Franklin Lakes. That cost may be even higher if you haven’t requested a new quote as your life situation changed.
Situation |
Franklin Lakes, NJ Savings / Yr. |
|---|---|
$473 |
|
$877 |
|
$673 |
|
$581 |
|
$2,333 |
|
$455 |
|
$707 |
Franklin Lakes Car Insurance vs. New Jersey
People living in Franklin Lakes pay an average of 0.68% less than the typical driver in the state. The average driver in Franklin Lakes can expect to pay about $1,076 per year, or $1,804 for full coverage.
Based on our analysis, Geico will be the cheapest provider in Franklin Lakes for most people.
Car Insurance Prices by Franklin Lakes Neighborhood
Insurance Prices
Where is insurance cheapest within Franklin Lakes?
The map shows insurance prices in and around Franklin Lakes, with more expensive areas in red and places with cheaper car insurance in green. Insurance can vary by as much as $142 per year within the city boundaries, with insurance premiums ranging from a high of $1,890 to a low of $1,748. Insurance prices tend to be higher for those living in the West area, and lower for those with homes in the Northeast parts of Franklin Lakes.Pick the Best Car Insurance Company for You in Franklin Lakes
The best car insurance provider for most drivers in Franklin Lakes
For drivers with clean driving records and no major strikes, Geico is the best option, with annual savings of $473 over the average Franklin Lakes car insurance company.
The best car insurance provider for Franklin Lakes drivers with accidents on their records
In our analysis, NJM saved the average person who had been in an accident the most, with annual savings averaging $877 over the competition.
The best car insurance company for Franklin Lakes drivers with speeding tickets
>Geico gave the average person with a speeding ticket the most savings, averaging $673 better than other car insurance companies.
The best auto insurance for Franklin Lakes drivers with a DUI conviction
Getting a quote from NJM may cost the average person with a DUI about $581 less each year.
The least expensive car insurance company for new and young drivers in Franklin Lakes
In Franklin Lakes, Geico costs young drivers $2,333 less each year versus the average auto insurance bill.
The best marriage discounts for vehicle insurance in Franklin Lakes
Geico gave the largest car insurance discounts to married couples, averaging $455 saved each year compared to an average Franklin Lakes couple's premiums.
The cheapest car insurance in Franklin Lakes for drivers with bad credit
The best Franklin Lakes car insurance company for customer service
Nationwide was the best company for customer service in Franklin Lakes according to the NAIC.
Recent price drops
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The cheapest large national provider in Franklin Lakes
For customers who prefer to work with large national providers, we recommend Geico for pricing. The average Franklin Lakes driver can expect to pay about $112 per month.
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 Franklin Lakes, USAA has the best prices for none of the categories above.Auto Insurance Prices in and Around Franklin Lakes
What Influences the Cost of Car Insurance in Franklin Lakes?
On average, car insurance in Franklin Lakes 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:
- 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 Franklin Lakes are among the highest in the state, and marriage often results in car insurance discounts.
- Vehicle theft rates in the area are very low, with a Vehicle Theft Crime Grade of A+ according to CrimeGrade.org.
- Franklin Lakes 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 Franklin Lakes is $90 per month for minimum coverage and $150 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
- Oakland: Insurance costs 0.83% less
- Wyckoff: Insurance costs 1.22% less
- North Haledon: Insurance costs 0.72% more
- Midland Park: Insurance costs 0.50% more
- Pompton Lakes: Insurance costs 0.72% more
- Allendale: Insurance costs 0.11% more
- Waldwick: Insurance costs 1.33% more
- Hawthorne: Insurance costs 6.21% more
- Wayne: Insurance costs 3.94% more
- Ramsey: Insurance costs 0.22% less
Cities with Similar Populations
- Lansing: Insurance costs 13.08% less
- Queensbury: Insurance costs 23.73% more
- Progress: Insurance costs 22.45% less
- Pleasant View: Insurance costs 20.95% less
- Playa Del Rey: Insurance costs 29.16% more
- Plantsville: Insurance costs 4.66% more
- Madras: Insurance costs 21.84% less
- Lumberton: Insurance costs 1.22% more
- Lincoln City: Insurance costs 19.57% less
- Lexington: Insurance costs 18.51% less