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State. Average Monthly Rate: Minimum Coverage. Average Monthly Rate: Standard Coverage. Average Monthly Rate. Michigan. $151. $522. $481. New Jersey. $120. $390. $360
As of 2026, the new mandatory minimums for standard car insurance policies in New Jersey will be: $35,000 bodily injury liability per person $70,000 bodily injury liability per accident
Cost of dollar-a-day car insurance in New Jersey SAIP insurance costs $365 per year, payable in biannual or annual installments. If paid annually, it lowers the cost to $360.
Most insurance companies will increase insurance premium rates based on these factors and offer discounts less frequently. Insurance companies provide a motor vehicle owner with an insurance card for the particular coverage term, which is to be kept in the vehicle in case of a traffic collision as proof of insurance. Recently, states have ...
The New Jersey Department of Banking and Insurance (DOBI) is one of 15 principal departments in New Jersey government. The department's mission is to regulate the banking, insurance and real estate industries in a professional and timely manner that protects and educates consumers and promotes the growth, financial stability and efficiency of these industries. [1]
The New Jersey Division of the Rate Counsel (previously called the New Jersey Division of the Ratepayer Advocate) is a government agency in the U.S. state of New Jersey that is responsible for representing the interests of residents, businesses and other rate payers in dealing with regulated public utilities and insurance firms. Brian O. Lipman ...
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