Coverage Watch does not have a financial relationship with any car insurance companies and quote providers. Everything displayed on the site is completely free from bias and based on legitimate data.
Get Cheap Car Insurance in Medford Lakes, NJ
We monitor insurance prices, helping the average driver in Medford Lakes save up to 37.9% on car insurance.
The Cheapest Minimum Coverage in Medford Lakes
The chart below shows the cheapest car insurance company in Medford 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.
| Medford Lakes Insurer | Monthly Cost |
|---|---|
| State Farm | $59 |
| Geico | $61 |
| Plymouth Rock Assurance | $75 |
| NJM | $88 |
Savings for Every Kind of Medford Lakes Driver
Based on our extensive insurance data, we know the average Medford 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 $462 per year by choosing the right vehicle insurance company. Some Medford Lakes residents are paying out over $1,764 extra every year for auto insurance in Medford Lakes. That cost may be even higher if you haven’t requested a new quote as your life situation changed.
Situation |
Medford Lakes, NJ Savings / Yr. |
|---|---|
$462 |
|
$858 |
|
$659 |
|
$568 |
|
$2,282 |
|
$445 |
|
$692 |
Medford Lakes Car Insurance vs. New Jersey
People living in Medford Lakes pay an average of 2.85% less than the typical driver in the state. The average driver in Medford Lakes can expect to pay about $1,052 per year, or $1,764 for full coverage.
Based on our analysis, Geico will be the cheapest provider in Medford Lakes for most people.
Car Insurance Prices by Medford Lakes Neighborhood
Insurance Prices
Where is insurance cheapest within Medford Lakes?
The map shows insurance prices in and around Medford Lakes, with more expensive areas in red and places with cheaper car insurance in green. Insurance can vary by as much as $166 per year within the city boundaries, with insurance premiums ranging from a high of $1,870 to a low of $1,704. Insurance prices tend to be higher for those living in the Southeast area, and lower for those with homes in the Northeast parts of Medford Lakes.Pick the Best Car Insurance Company for You in Medford Lakes
The best car insurance provider for most drivers in Medford Lakes
For drivers with clean driving records and no major strikes, Geico is the best option, with annual savings of $462 over the average Medford Lakes car insurance company.
The best car insurance provider for Medford 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 $858 over the competition.
The best car insurance company for Medford Lakes drivers with speeding tickets
>Geico gave the average person with a speeding ticket the most savings, averaging $659 better than other car insurance companies.
The best auto insurance for Medford Lakes drivers with a DUI conviction
Getting a quote from NJM may cost the average person with a DUI about $568 less each year.
The least expensive car insurance company for new and young drivers in Medford Lakes
In Medford Lakes, Geico costs young drivers $2,282 less each year versus the average auto insurance bill.
The best marriage discounts for vehicle insurance in Medford Lakes
Geico gave the largest car insurance discounts to married couples, averaging $445 saved each year compared to an average Medford Lakes couple's premiums.
The cheapest car insurance in Medford Lakes for drivers with bad credit
The best Medford Lakes car insurance company for customer service
Nationwide was the best company for customer service in Medford Lakes according to the NAIC.
Recent price drops
In 2020, at the peak of the global pandemic, {{top1_2020pricedrop_company}} changed their average price {{top1_2020pricedrop_company_percentage}}% in Medford Lakes, which was better than other insurers.
The cheapest large national provider in Medford Lakes
For customers who prefer to work with large national providers, we recommend Geico for pricing. The average Medford 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 Medford Lakes, USAA has the best prices for none of the categories above.Auto Insurance Prices in and Around Medford Lakes
What Influences the Cost of Car Insurance in Medford Lakes?
On average, car insurance in Medford 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 Medford Lakes are higher than average in the state, and marriage often results in car insurance discounts.
- Vehicle theft rates in the area are low, with a Vehicle Theft Crime Grade of A+ according to CrimeGrade.org.
- Medford Lakes is a fairly densely populated area 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 Medford Lakes is $88 per month for minimum coverage and $147 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
- Medford: Insurance costs 1.70% less
- Vincentown: Insurance costs 1.64% less
- Marlton: Insurance costs 0.45% less
- Indian Mills: Insurance costs 2.89% less
- Crowfoot: Insurance costs 1.93% less
- Tabernacle: Insurance costs 0.91% less
- Leisuretowne: Insurance costs 0.68% less
- Voorhees: Insurance costs 4.76% more
- Atco: Insurance costs 1.30% more
- West Berlin: Insurance costs 3.46% more
Cities with Similar Populations
- Millen: Insurance costs 1.30% less
- Morganton: Insurance costs 4.82% less
- Moraine: Insurance costs 36.05% less
- Montague: Insurance costs 51.76% more
- Monson: Insurance costs 15.76% less
- Monroeville: Insurance costs 0.57% more
- Monkton: Insurance costs 4.54% more
- Molino: Insurance costs 35.49% more
- Mojave: Insurance costs 9.92% more
- Moapa Valley: Insurance costs 21.37% more