Yes, car insurance in Virginia is cheaper than in New Jersey. Virginia car insurance rates are an average of $1,043 per year cheaper than New Jersey, in part because Virginia is typically less risky for drivers due to lower rate of car accidents and weather-related vehicle damage.
Average Monthly Cost of Car Insurance in Virginia vs. New Jersey
| Category | Virginia | New Jersey |
| Good Drivers | $105 per month | $192 per month |
| Full Coverage Policy | $287 per month | $507 per month |
| Young Drivers (16 to 19-year-olds) | $173 per month | $310 per month |
| Older Drivers (55 and 65-year-olds) | $49 per month | $101 per month |
| High-Risk Drivers | $109 per month | $195 per month |
| Best Company Overall |
Note: Rates are an approximation based on a driver with minimum coverage. The “high-risk” category represents a driver with a DUI on their record. Where not noted, the driver is assumed to be a 45-year-old man. Actual rates will vary.
Drivers in New Jersey can still find cheap car insurance rates by comparing quotes from several different insurers regularly, taking advantage of available discounts, and maintaining safe driving habits.
To learn more, check out WalletHub's picks for the cheapest car insurance in Virginia and New Jersey.
This answer was last updated on 07/26/24 and it was first published on 09/22/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
People also ask
Why is New Jersey car insurance so expensive?
Car insurance in New Jersey is expensive because it's a no-fault state with the highest population density of any state in the country. In New Jersey, you can expect to pay approximately $6,080 per year for full coverage car insurance or $2,303 per year for minimum coverage. Car insurance in New Jersey is more expensive than the national average, which is around $4,211 per year for full coverage and about $1,407 per year for minimum coverage.
The cost of car insurance is steadily increasing,...
How can I get cheaper car insurance?
The best way to get cheaper car insurance is to compare quotes from multiple companies and then switch to whichever insurer offers the coverage you want at the cheapest rate. Other ways to get cheaper car insurance include taking advantage of discounts, improving your driving record, and raising your credit score.
10 Ways to Get Cheaper Car Insurance
1. Compare quotes every 6-12 months.
Every car insurance company calculates premiums slightly differently,...
Where can I compare car insurance quotes?
You can compare car insurance quotes by getting prices directly from Geico, State Farm, and Allstate, then using a comparison site like Experian to see how other insurers’ rates compare. It’s best to get quotes directly from the biggest insurers because they do not allow third-party sites to offer quotes on their behalf.
You can also use WalletHub’s analysis to help you choose a car insurance company. WalletHub makes it easy to compare major...
