Who Has Affordable Jersey City Car Insurance Rates for Business Use?

One of the more important criteria that are used to help calculate the annual cost of car insurance is your address in Jersey City. Regions with more people or even just more weather-related claims tend to have higher rates, whereas areas with less people or fewer weather incidents tend to receive slightly lower rates.

The table below lists the most expensive cities in New Jersey for business use to purchase a policy in. Jersey City shows up at #10 with an annual cost of $2,322 for the average insurance policy, which is about $194 per month.

Car insurance prices in Jersey City
Rank City Annual Premium
1 Newark $2,598
2 West New York $2,506
3 East Orange $2,495
4 Elizabeth $2,470
5 Union City $2,426
6 Hoboken $2,377
7 Paterson $2,376
8 Kearny $2,358
9 Passaic $2,325
10 Jersey City $2,322
11 Clifton $2,276
12 Bayonne $2,274
13 Camden $2,155
14 Perth Amboy $2,144
15 Linden $2,099
16 Fort Lee $2,060
17 Atlantic City $2,024
18 Hackensack $1,980
19 Plainfield $1,956
20 Trenton $1,896
21 Sayreville $1,882
22 New Brunswick $1,875
23 Lakewood $1,855
24 Vineland $1,806
25 Toms River $1,674
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Rate information is approximated as the specific zip code location can modify premium rates considerably.

Deciphering which company offers the cheapest auto insurance rates for business use requires a little more effort in order to find a policy that fits your budget. Each auto insurance company has a proprietary method for determining rates in each state, so we’ll go over the overall cheapest auto insurance companies in New Jersey.

It’s a good idea to be aware that Jersey City auto insurance rates are impacted by many things which can substantially decrease or increase the price of coverage. Getting older, buying a different vehicle, or having a fender bender may cause policy rate changes that can now make some companies more affordable than others.

Best Car Insurance Prices for Business Use

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Who has the cheapest car insurance in New Jersey?
Rank Company Cost Per Year
1 21st Century $1,111
2 Travelers $1,180
3 New Jersey Manufacturers $1,310
4 Penn National $1,366
5 Palisades $1,382
6 Allstate $1,478
7 California Casualty $1,481
8 The Hartford $1,491
9 USAA $1,585
10 Mercury $1,587
11 Progressive $1,881
12 Amica $1,887
13 Esurance $1,913
14 MetLife $1,951
15 GEICO $2,174
16 State Farm $2,226
17 Encompass $2,303
18 Liberty Mutual $3,008
19 Hanover $3,869
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21st Century normally has some of the lowest car insurance rates in Jersey City at around $1,111 each year. Travelers, New Jersey Manufacturers, Penn National, and Palisades also rank well as some of the more affordable Jersey City, NJ car insurance companies.

As the rates illustrate above, if you currently have coverage with Palisades and switched to Travelers, you might achieve a yearly savings of around $202. New Jersey drivers with Allstate might save as much as $298 a year, and California Casualty policyholders might reduce prices by as much as $301 a year.

To see if you’re overpaying, click here to get quotes or visit several of the following companies.

Be aware that those rates are averages for all insureds and vehicles and do not factor in a specific zip code for business use. So the insurer that fits your situation best may not even be in the top 19 companies in the list above. That illustrates why you need to quote rates from as many companies as possible using your own personal information and vehicle type.

The make and model of vehicle requiring coverage is a large consideration when comparison shopping for the cheapest auto insurance for business use. Vehicles with limited speed and performance, advanced safety features, or a low likelihood of having liability claims will cost much less to insure than high performance models.

The next table features coverage premiums for a selection of the more affordable vehicles to insure.

Cheapest Vehicles to Insure in Jersey City, NJ
Make and Model Estimated Cost for Full Coverage
Ford Escape XLT 4WD $1,330
Honda Accord EX-L 4-Dr Sedan $1,407
Toyota RAV4 Sport 4WD $1,534
Hyundai Elantra GLS Touring Station Wagon $1,593
Honda CR-V LX 4WD $1,600
Toyota Corolla S $1,614
Ford F-150 XL Super Cab 2WD $1,635
Chevrolet Silverado 2500HD LT Crew Cab 4WD $1,643
GMC Sierra SLE Regular Cab 4WD $1,650
GMC Sierra 2500HD SLE Regular Cab 4WD $1,643
Toyota Prius $1,645
Ford Explorer XLT AWD $1,668
Dodge Ram 3500 Crew Cab ST 2WD $1,702
Hyundai Sonata SE 4-Dr Sedan $1,728
Ford Edge Limited 2WD $1,736
Dodge Grand Caravan Hero $1,762
Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr $1,824
Nissan Altima 2.5 S 4-Dr Sedan $1,855
Honda Odyssey EX-L W/Navigation $1,861
Chevrolet Equinox LTZ AWD $1,888
Jeep Grand Cherokee Limited 2WD $1,897
Chevrolet Silverado LT Regular Cab 2WD $1,891
Chevrolet Malibu LT $1,922
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Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Estimates do not factor in specific location information which can lower or raise coverage rates substantially.

By looking at the data, you can assume that cars like the Ford Escape, Honda Accord, Toyota RAV4, Hyundai Elantra, and Honda CR-V will be a few of the cheaper vehicles to insure for using your car for business. The price for an auto insurance policy will be higher anyway just because there is a higher risk for business use, but overall those vehicles will most likely have the cheapest car insurance rates that you’ll find.

Ending up with the best auto insurance provider is difficult considering how many different companies sell coverage in New Jersey. The information shown below may help you select which coverage providers to look at comparing rate quotes with. The ratings below are only made up of large nationwide companies, so smaller regional companies will not be included in these rankings.

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 demonstrates how deductibles can affect insurance rates when researching cheap insurance for business use. The data assumes a single male driver, full coverage, and no discounts are factored in.

A 40-year-old driver could lower rates by $396 a year by switching from a $100 deductible up to a $500 deductible, or save $594 by using a $1,000 deductible. Even younger insureds, like the 20-year-old example, can save up to $1,296 every year just by choosing larger deductibles. When insureds make the decision to increase the deductibles on their policy, it is important to have plenty of discretionary funds to enable you to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.

How to find more affordable insurance for business use

Below you’ll find many penny-pinching ideas that can help drivers find low-cost auto insurance.

That last tip is especially valuable, as we hit on in this write-up. Insurance prices adjust frequently, so you should be ready to switch to a new company if a more affordable price is available.

Having brand loyalty is commendable, but it’s not a great idea if that inflexibility results in costing you a small fortune year after year. If you have a few minutes, now is a great time to compare prices and find cheaper car insurance for business use in Jersey City.

The agents below are willing to help you make a decision which insurance coverage will be best for you, since lots of people like to get some help when shopping around for cheaper insurance for using your car for business. It can be complicated to find the cheapest rate yourself, and getting advice from a licensed agent can add peace of mind knowing you have adequate asset protection. To find an auto insurance agency closest to you, click the button below the list.

Tawanda Jackson – State Farm Insurance Agent
688 NJ-440Jersey City, NJ 07305(201) 209-0290

Blake Agency
370 Pacific AveJersey City, NJ 07304(201) 209-0065

All Insurance Services Inc
574 Newark AveJersey City, NJ 07306(201) 963-8888

Diaz Insurance Agency
815 Bergenline AveUnion City, NJ 07087(201) 348-1288

Farmers Insurance – Mofalc Meinga
447 Central AveJersey City, NJ 07307(201) 435-1616

View more Jersey City, NJ insurance agents