PARSIPPANY — Parsippany premiums were ranked 22% below the average in New Jersey by ValuePenguin. Parsippany car insurance averaged $2,000 per year.
The least expensive places in New Jersey come mostly from the mid-northwestern part of the state, mainly from Somerset and Morris counties. The main exception is Point Pleasant Beach, the study’s least expensive city, located in Ocean County in southern New Jersey. The five cities together were about 26% under the state average with our sample driver paying about $1,902 per year. Compared to the least expensive cities in New York and Pennsylvania, they were 85% and 49% more expensive, respectively.
Quotes were collected from a variety of insurance companies across 99 towns and cities in New Jersey to understand how, and why car insurance costs vary across the state. Here are some of the findings:
- Premiums in Parsippany are 22% below the NJ state average.
- The average cost of car insurance in NJ was $2,551
- Eastern New Jersey is more expensive than Western New Jersey
- The closer to New York City you get, the pricier car insurance is
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