Is New Jersey's High Car Insurance Cost Driving You Out of the State?

Living in New Jersey can quickly drain your wallet. One of the biggest expenses for many New Jersey residents is car insurance. In fact, New Jersey consistently ranks as one of the most expensive states for car insurance.

For baby boomers and others who are considering moving out of New Jersey, the high cost of car insurance can be a major factor in their decision. After all, who wants to pay more for car insurance when they're already on a fixed income?

According to Forbes.com, New Jersey's average car insurance rate is $1,754 per year. This is significantly higher than the national average of $1,584 per year.

There are a number of factors that contribute to New Jersey's high car insurance rates. These include:

• The high number of uninsured drivers

• The high cost of living

• The high number of accidents

• Strict insurance laws

If you're a baby boomer or other New Jersey resident who is thinking of moving, the high cost of car insurance should be a factor in your decision. There are many other states with lower car insurance rates, and you could save a significant amount of money by moving to one of these states.

Here are some of the states with the lowest car insurance rates:

• Iowa: $896 per year

• Indiana: $912 per year

• Ohio: $924 per year

• Nebraska: $936 per year

• Missouri: $944 per year

Of course, there are other factors to consider when deciding where to move, such as the cost of living, the job market, and the climate. But if you're looking to save money on car insurance, these are some of the states you should consider.

Here are some additional tips for baby boomers and others who are considering moving out of New Jersey:

• Do your research: Before you move, be sure to do your research and compare car insurance rates in different states. You can use a website like Insurify to compare rates from multiple insurance companies.

• Consider moving to a smaller town: If you're willing to move to a smaller town, you may be able to find lower car insurance rates. This is because the risk of accidents is lower in smaller towns.

• Shop around for discounts: Many insurance companies offer discounts to drivers who take a safe driving course, have a clean driving record, or bundle their home and auto insurance.

By following these tips, you can save money on car insurance and make your move to a new state a little bit easier.