New Jersey Road Sign

This month, New Jersey drivers get one more option when they shop for auto insurance.

August brings Nationwide to the Garden State, the New Jersey Department of Banking and Insurance (NJDOBI) announced in a press release. Marketing for auto policies from the insurance company will be handled by agents in New York, Pennsylvania and Delaware and online and by phone, according to the Department.

The Garden State now has 9 of the top 10 car insurers in the nation selling car insurance policies in New Jersey. They are:

  • State Farm
  • Allstate
  • Progressive
  • Farmers
  • USAA
  • Liberty Mutual
  • Travelers
  • Nationwide

There are a total of 112 companies and groups selling auto insurance in New Jersey, where auto insurers wrote $6.82 billion in premiums last year, according to the Department.

Availability of Nationwide auto insurance in New Jersey gives drivers more choices, Ken Kobylowski, the state’s insurance commissioner, said in a statement.

New Jersey Avg. Premiums are Often High on National Rankings

New Jersey has the priciest average statewide premiums in the U.S., according to the most recent data from the National Association of Insurance Commissioners (NAIC), with an annual policy with liability, comprehensive and collision coverage costing $1,301.

It’s a familiar spot for the Garden State, which often finds itself atop or near the top of the annual rankings of auto insurance costs.

In 2012, when New Jersey had the third-highest average premiums in the NAIC’s rankings, a state official told Online Auto Insurance News that higher-than-average premiums are due to several factors.

High population density in the Garden State leads to more crashes there, according to Marshall McKnight, a NJDOBI spokesman. Also, he said, New Jersey drivers typically buy optional types of coverage, including personal injury protection with high coverage limits.