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Paterson Has the #3 Most Expensive Auto Insurance in the State

Thursday, April 10, 2014 • 3:24pm

Paterson drivers pay an average of $2,398 a year to insure their vehicles. This makes the Silk City the third most expensive according to a new report released by ValuePenguin.com, a personal finance website. The analysts note that rates here are 21% higher than the New Jersey state average of $1,982. 

The two cities that were more expensive and ranked higher were Newark and Passaic, with annual rates of $2,443 and $2,407, respectively. On the other end, the cheapest cities were Hillsborough, Bridgewater, and Toms River, with rates of $1,364, $1,385, and $1,593, respectively. 

For more information, refer to the study: Which Cities Have the Cheapest Car Insurance in New Jersey?

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