New Jersey car insurance premiums fall despite high national ranking

New Jersey car insurance premiums fell by 5.3% during the first half of 2026, dropping to an average of $2,923. Despite this decline, New Jersey remains among the ten most expensive states for full-coverage auto insurance, trailing only Delaware.

This local decrease contrasts with the broader national trend, where average annual full-coverage costs rose 1% to $2,237 in the first half of the year. Insurify projects that national averages will continue to climb, potentially reaching $2,242 by December 2026, with rate increases expected in 32 states.