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Get Cheap Car Insurance in Penny Pot, NJ

We monitor insurance prices, helping the average driver in Penny Pot save up to 37.9% on car insurance.

 

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The Cheapest Minimum Coverage in Penny Pot

The chart below shows the cheapest car insurance company in Penny Pot 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.

 
Penny Pot Insurer Monthly Cost
State Farm $63
Geico $65
Plymouth Rock Assurance $80
NJM $95

Savings for Every Kind of Penny Pot Driver

The table shows how much the average auto insurance customer in Penny Pot might save by following our recommendations.

Based on our extensive insurance data, we know the average Penny Pot 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 $494 per year by choosing the right vehicle insurance company. Some Penny Pot residents are paying out over $1,886 extra every year for auto insurance in Penny Pot. That cost may be even higher if you haven’t requested a new quote as your life situation changed.

Situation
Penny Pot, NJ Savings / Yr.
Drivers with good records
$494
Drivers with accidents
$917
Drivers with speeding tickets
$704
Drivers with a DUI conviction
$607
Young drivers
$2,439
Married drivers
$476
Drivers with bad credit
$739

Penny Pot Car Insurance vs. New Jersey

People living in Penny Pot pay an average of 3.85% more than the typical driver in the state. The average driver in Penny Pot can expect to pay about $1,125 per year, or $1,886 for full coverage.

Based on our analysis, Geico will be the cheapest provider in Penny Pot for most people.

Car Insurance Prices by Penny Pot Neighborhood

Penny Pot, 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 Penny Pot?

The map shows insurance prices in and around Penny Pot, with more expensive areas in red and places with cheaper car insurance in green. Insurance can vary by as much as $135 per year within the city boundaries, with insurance premiums ranging from a high of $1,916 to a low of $1,781. Insurance prices tend to be higher for those living in the Southwest area, and lower for those with homes in the East parts of Penny Pot.

Pick the Best Car Insurance Company for You in Penny Pot

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 Penny Pot insurance provider for whom we have posted the highest savings dollar figure.

The best car insurance provider for most drivers in Penny Pot

For drivers with clean driving records and no major strikes, Geico is the best option, with annual savings of $494 over the average Penny Pot car insurance company.

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We use the average good driver, paying $116 per month, as our baseline for pricing in Penny Pot. 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 Penny Pot drivers with accidents on their records

In Penny Pot getting into an accident will raise premiums an average 35% for a yearly cost of $2,916. That's $1,030 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 $917 over the competition.

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The best car insurance company for Penny Pot drivers with speeding tickets

>Geico gave the average person with a speeding ticket the most savings, averaging $704 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 Penny Pot, tickets raise premiums on new quotes about $401. If you have a speeding ticket, we recommend State Farm, Geico, and Plymouth Rock Assurance for savings that beat the average insurance cost of $2,287 per year.

The best auto insurance for Penny Pot drivers with a DUI conviction

Getting a DUI can increase the cost of insurance dramatically. The average person with a DUI paid $2,577 per year in auto insurance premiums, which was $692 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 $607 less each year.

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The least expensive car insurance company for new and young drivers in Penny Pot

In Penny Pot, Geico costs young drivers $2,439 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 Penny Pot. With an average cost of $6,431 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 Penny Pot

Not everything is an excuse for the auto insurance companies to charge you more. Getting married provides an average discount of $72. State Farm, Geico, and Plymouth Rock Assurance provided the largest discounts to couples living in Penny Pot.

Geico gave the largest car insurance discounts to married couples, averaging $476 saved each year compared to an average Penny Pot couple's premiums.

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The cheapest car insurance in Penny Pot for drivers with bad credit

People with poor credit saved an average of $739 with NJM.

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Many people are surprised that their poor credit score can cost them an average of $1,123 every year. Premiums for people with poor credit were about $3,008 in Penny Pot. 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 Penny Pot car insurance company for customer service

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

Nationwide was the best company for customer service in Penny Pot 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 Penny Pot, 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 Penny Pot. 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 Penny Pot

Many customers have informed us that they prefer to work with large national brands. Maybe they're one of the 3.5% of Penny Pot 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 Penny Pot 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 Penny Pot, USAA has the best prices for none of the categories above.
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Auto Insurance Prices in and Around Penny Pot

What Influences the Cost of Car Insurance in Penny Pot?

On average, car insurance in Penny Pot is more expensive than the rest of the state. These high 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 Penny Pot is 39 minutes, which is about the national average for a driver in the state.
  • New Jersey state insurance regulations may require higher prices.
  • An average of 0 to 1 weeks with snow on the ground, which impacts accident rates.
  • Marriage rates in Penny Pot are lower than average in the state, and marriage often results in car insurance discounts.
  • Vehicle theft rates in the area are moderate, with a Vehicle Theft Crime Grade of A according to CrimeGrade.org.
  • Penny Pot is one of the most densely populated areas 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 Penny Pot is $94 per month for minimum coverage and $157 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 Penny Pot driver? Based on national demographic data provided by BestNeighborhood, we took a single unmarried man living in central Penny Pot 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.