How Much are Auto Insurance Rates for College Graduates in Jersey City?

The vehicle model on the policy is one of the primary factors when shopping for the best car insurance for college graduates. Vehicles with high performance, poor safety ratings, or a high likelihood of having liability claims will cost more to insure than safer, lower-performance models.

The information below presents insurance premiums for the most affordable vehicles to buy insurance for.

Cheapest Vehicles to Insure in Jersey City, NJ
Insured Vehicle Estimated Cost for Full Coverage
Honda CR-V LX 2WD $1,495
Honda Accord LX-P 4-Dr Sedan $1,505
Dodge Grand Caravan SE $1,672
Chevrolet Malibu LT $1,797
Toyota Camry SE $1,855
Ford Escape Limited 2WD $1,878
Jeep Grand Cherokee SRT-8 4WD $1,889
GMC Sierra SLE Crew Cab 2WD $1,895
Toyota Prius $1,894
Jeep Wrangler Sahara 4WD 2-Dr $1,916
Ford Explorer XLT AWD $1,924
Ford Focus SE 2-Dr Coupe $1,989
Volkswagen Jetta S 2.5 Station Wagon $1,991
Chevrolet Impala LT $2,025
Ford F-150 XLT Super Cab 2WD $2,055
Ford Edge SEL 2WD $2,125
Toyota Tacoma X-Runner 2WD $2,130
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Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Table data does not factor in specific zip code location which can affect prices noticeably.

Based upon the table data, you can assume that makes and models like the Honda CR-V, Honda Accord, Dodge Grand Caravan, Chevrolet Malibu, and Toyota Camry are likely to be the most economical vehicles to insure for college grads.

One of the many factors that are looked at to help calculate car insurance rates is where you choose to live in Jersey City. Areas with more people or even just a higher incidence of claims will most likely have higher rates, whereas less populated areas profit from lower rates.

The table below lists the highest-priced areas in New Jersey for college graduates to purchase a policy in. Jersey City is ranked #11 with a yearly premium of $2,276 for the average policyholder, which is about $190 per month.

How much does auto insurance cost in Jersey City?
Rank City Annual Rate
1 Newark $2,598
2 East Orange $2,597
3 West New York $2,506
4 Elizabeth $2,470
5 Passaic $2,395
6 Union City $2,378
7 Paterson $2,376
8 Hoboken $2,353
9 Clifton $2,345
10 Kearny $2,289
11 Jersey City $2,276
12 Bayonne $2,207
13 Camden $2,155
14 Linden $2,121
15 Atlantic City $2,106
16 Perth Amboy $2,102
17 Fort Lee $2,060
18 Hackensack $1,999
19 New Brunswick $1,932
20 Plainfield $1,918
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Premium costs are approximated as specific Jersey City zip code can decrease or increase auto insurance rates substantially.

The chart below highlights how deductible selection can affect yearly insurance costs when quoting cheap insurance for college graduates. The data is based on a married male driver, full coverage, and no discounts are applied to the premium.

As shown above, a 40-year-old driver could lower their car insurance rates by $336 a year by changing from a $100 deductible up to a $500 deductible, or save $508 by using a $1,000 deductible. Youthful drivers, like the 20-year-old category, can cut $1,114 or more by choosing a larger deductible amount. When using a larger deductible, it is a good idea to have spare funds to enable you to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.

Buying coverage from a good quality car insurance provider can be difficult considering how many companies sell coverage in New Jersey. The rank data shown below may help you decide which companies you want to consider comparing price quotes from.

The rankings below only include the companies with a significant amount of written premium nationwide, so companies that only write business in New Jersey or surrounding areas are not taken into consideration for these rankings. If you wish to compare prices from the most competitive companies in New Jersey, click here.

Top 15 Insurance Companies for College Graduates in Jersey City, NJ
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Mercury Insurance 87 96 100 87% A+ 93.4
The Hartford 88 96 91 93% A+ 92.6
Progressive 84 94 99 90% A+ 92.4
Travelers 84 93 100 87% A++ 92.3
State Farm 84 93 95 87% A++ 91
Farmers Insurance 87 92 90 85% A 90.6
Safeco Insurance 85 91 87 86% A 88.4
USAA 71 93 98 87% A++ 88
GEICO 73 93 95 85% A++ 87.1
21st Century 85 85 91 89% A 86.9
Liberty Mutual 72 91 97 83% A 86.4
AAA Insurance 85 85 88 86% A 85.8
Nationwide 71 90 93 83% A+ 84.9
Allstate 69 92 92 83% A+ 84.4
American Family 77 96 80 85% A 83.8
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Data Source: Best Car Insurance Companies

How to find more affordable car insurance for college graduates

Here are some of the recommended money-saving solutions that can help drivers locate cheaper coverage.

The last tip is especially critical, as we noted in this piece. Auto insurance rates in Jersey City can change considerably in a year, so drivers shouldn’t hesitate to buy from a different company if a more affordable price is available. Staying with the same company for years is fine, but is isn’t recommended if that faithfulness ends up costing you major coinage every year. Take a couple minutes and compare prices and find cheaper insurance for college graduates.

If you prefer to have professional advice when comparing insurance rates for college grads, the agencies below are a good start to help you make a decision which is the best policy. To locate a Jersey City auto insurance agent close to where you live, click the link at the bottom or click here to compare price quotes now.

Find a Jersey City, NJ insurance agent near you