NJ
New Jersey Vehicle Cost Guide 2026
New Jersey charges a 6.625% state sales tax on vehicle purchases with no local add-ons, though there is a $20,000 sales tax cap for qualifying zero-emission vehicles. The NJ Charge Up program offers up to a $5,000 rebate on new EV purchases under $55,000 MSRP, one of the most generous state-level EV incentives in the country. New Jersey is a no-fault insurance state with historically higher-than-average premiums. Inspections are required biennially.
State Sales Tax
6.63%
Vehicle purchases
Avg. Annual Insurance
$1,920
Full coverage
EV Tax Credit
$5,000
State-level
Registration Fee
$34
Annual
DMV / Registration Fees
| Title Transfer | $60 |
| License Plate Fee | $34 |
| Registration (Base) | $34 |
Insurance Requirements
No-Fault State: Yes
Inspection Required: Yes
Minimum Coverage:
Bodily Injury: $15,000 per person / $30,000 per accident (PIP)
Property Damage: $5,000
Uninsured Motorist: $15,000/$30,000
Calculate Your Costs
Use our auto loan calculator with New Jersey tax rates to estimate your total vehicle costs.
Open Auto Loan Calculator →Advertisement