Who Has Affordable Auto Insurance for Teenagers in Jersey City?

The words “economical” and “insurance” really don’t belong together, especially when comparison shopping for the best car insurance rates for teenagers. Because of the high cost, let’s take a look at some of the things that have an effect on insurance premiums, and figure out some ways to take a little off your next policy.

One of the more important criteria that are looked at to help calculate the annual cost of car insurance is where you keep your car. Cities with larger populations or higher claim trends tend to have more expensive car insurance rates, whereas areas that tend to be more rural benefit from lower coverage costs.

The illustration below rates the most expensive areas in New Jersey for teenagers to purchase auto insurance in. Jersey City comes in at #10 with an annual rate of $2,276 for the average insured, which is approximately $190 monthly.

How much does auto insurance cost in Jersey City?
Rank City Annual Rate
1 East Orange $2,597
2 Newark $2,496
3 West New York $2,431
4 Union City $2,426
5 Paterson $2,400
6 Elizabeth $2,374
7 Passaic $2,371
8 Clifton $2,345
9 Hoboken $2,283
10 Jersey City $2,276
11 Kearny $2,266
12 Camden $2,221
13 Bayonne $2,207
14 Linden $2,185
15 Perth Amboy $2,144
16 Fort Lee $2,123
17 Atlantic City $2,106
18 Plainfield $1,956
19 Hackensack $1,940
20 Sayreville $1,920
21 Trenton $1,896
22 New Brunswick $1,875
23 Lakewood $1,819
24 Vineland $1,806
25 Toms River $1,691
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Rate quotes are estimated as the specific geographic location can revise price quotes noticeably.

The type of vehicle you are trying to insure is one of the biggest factors when comparing quotes for the best car insurance for teenagers. Vehicles with high performance features, a lack of modern safety features, or high incidents of liability claims will cost significantly more to insure than safer, lower-performance models.

The next list ranks insurance prices for some of the most economical vehicles to insure.

Cheapest Vehicles to Insure in Jersey City, NJ
Vehicle Make and Model Estimated Cost for Full Coverage
Honda CR-V EX 4WD $5,682
Ford Escape Limited 4WD $6,038
Toyota Prius $6,094
Jeep Wrangler Sahara 4WD 2-Dr $6,318
Ford F-150 XL Super Cab 4WD $6,325
Chevrolet Impala LS $6,618
Ford Focus SE 4-Dr Sedan $6,627
Ford Edge Limited 2WD $6,618
Honda Odyssey EX $6,623
Chevrolet Equinox LS AWD $6,674
Jeep Grand Cherokee Laredo 4WD $6,682
Nissan Altima 2.5 4-Dr Sedan $6,674
GMC Sierra SL Extended Cab 2WD $6,682
Dodge Grand Caravan Hero $6,674
Toyota RAV4 Sport 2WD $6,684
Ford Explorer Limited 2WD $6,730
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $6,739
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Data based on single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in specific location information which can increase or decrease premium rates greatly.

Looking at the rates, you can figure that makes and models like the Honda CR-V, Ford Escape, and Toyota Prius are going to be some of the most economical vehicles to insure for teen drivers. The cost of a car insurance policy will tend to be more expensive just due to the fact that there is more risk for teenagers, but in general those specific models will most likely have the lowest prices possible.

Deciphering which insurers offer the best insurance rates for teenagers calls for a little more sweat than just comparing a company or two. Every insurance company has their own guidelines for determining rates in each state, so let’s take a look at the most affordable insurance companies in Jersey City, NJ.

We do need to point out that Jersey City, NJ insurance rates are influenced by many factors that may substantially change the price of coverage. Simply having a birthday, getting divorced, or getting a speeding ticket may generate price changes resulting in some companies being more affordable than competitors.

Best Insurance Companies for Teens

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What’s the cheapest car insurance in New Jersey?
Rank Company Cost Per Year
1 21st Century $1,111
2 Travelers $1,156
3 New Jersey Manufacturers $1,297
4 Penn National $1,325
5 Palisades $1,382
6 California Casualty $1,437
7 The Hartford $1,491
8 Allstate $1,523
9 USAA $1,553
10 Mercury $1,603
11 Esurance $1,856
12 Amica $1,887
13 Progressive $1,938
14 MetLife $1,951
15 State Farm $2,182
16 GEICO $2,262
17 Encompass $2,303
18 Liberty Mutual $2,978
19 Hanover $3,909
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21st Century offers some of the cheapest car insurance rates in Jersey City at around $1,111 a year. Travelers, New Jersey Manufacturers, Penn National, and Palisades also rank well as some of the best Jersey City, NJ car insurance companies.

In the above example, if you currently buy coverage from Travelers and switched to 21st Century, you could realize a yearly savings of roughly $45. Customers with New Jersey Manufacturers may save as much as $186 a year, and Penn National policyholders might see rate reductions of $214 a year.

Be aware that those policy prices are averaged for all drivers and vehicles in New Jersey and do not factor in an exact vehicle garaging location for teenagers. So the car insurance company that fits your age and vehicle best may not even be in the list above. That illustrates why you need to get auto insurance quotes using your own specific driver information and vehicle.

Discounts on Jersey City auto insurance rates

Save on insurance for teen drivers in Jersey CityInsurance companies that sell policies for teenagers may also give you rate discounts that could lower prices by as much as 30% if you meet eligibility requirements. A list of companies and a summarized list of policyholder discounts are shown below.

The information below visualizes the comparison of insurance costs with and without discounts applied. The information is based on a male driver, a clean driving record, no at-fault accidents, New Jersey state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with good student, vehicle safety, passive restraint, paperless filing, paid-in-full, and anti-theft discounts applied. When drivers qualify for the discounts, theamount saved on insurance for teenagers is 28% or $805.

Finding a good quality auto insurance provider can be challenging considering how many different companies there are to choose from in Jersey City. The company information in the next section could help you decide which insurers to look at when comparing rates.

The ratings below are only comprised of the largest companies in the United States, so smaller companies that only insure vehicles in New Jersey are not taken into consideration for the list. If you’d like to compare prices and find the cheapest rates for teenagers, just click here.

Top 10 Large Auto Insurance Companies Overall in Jersey City

  1. Mercury Insurance
  2. The Hartford
  3. Progressive
  4. Travelers
  5. State Farm
  6. Farmers Insurance
  7. Safeco Insurance
  8. USAA
  9. GEICO
  10. 21st Century

The diagram below shows how choosing a deductible can change insurance rates when quoting cheap insurance for teenagers. The rate quotes are based on a single male driver, full physical damage coverage, and no other discounts are factored in.

As shown above, a 40-year-old driver could lower their car insurance rates by $552 a year by changing from a $100 deductible to a $500 deductible, or save $830 by changing to a $1,000 deductible. Youthful drivers, like the 20-year-old example, could roll back prices $1,820 each year by choosing a larger deductible amount. When using a larger deductible, it is important to have additional savings on hand to enable you to pay the extra out-of-pocket expense, which deters some people from using high deductibles.