How Much are Auto Insurance Quotes for Welfare Recipients in Jersey City?

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For drivers on welfare, one of the largest criteria that are used to help calculate the price you pay for insurance is where you live. More populated areas tend to have higher auto insurance costs, whereas areas with lower vehicle theft rates and fewer weather claims have the luxury of lower rates.

The following table shows the most costly cities in New Jersey for welfare recipients to purchase a policy in. Jersey City shows up at #9 with the yearly price of $2,345 for the average policyholder, which is about $195 per month.

How much does car insurance cost in Jersey City, NJ?
Rank City Premium Per Year
1 Newark $2,598
2 East Orange $2,571
3 West New York $2,531
4 Elizabeth $2,470
5 Hoboken $2,377
6 Paterson $2,376
7 Kearny $2,358
8 Union City $2,354
9 Jersey City $2,345
10 Passaic $2,301
11 Clifton $2,276
12 Bayonne $2,251
13 Camden $2,199
14 Linden $2,185
15 Fort Lee $2,123
16 Perth Amboy $2,102
17 Atlantic City $2,044
18 Plainfield $1,956
19 Trenton $1,954
20 Hackensack $1,940
21 New Brunswick $1,932
22 Sayreville $1,882
23 Vineland $1,842
24 Lakewood $1,819
25 Toms River $1,691
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Premium costs are approximated as the specific Jersey City residence address can affect price quotes noticeably.

The car, truck, or SUV needing coverage is probably the largest consideration when consumers are trying to find cheaper insurance for welfare recipients. Vehicles with lower performance, a great safety record, or a low likelihood of liability claims will cost substantially less to insure than adrenaline junky models. The list below illustrates car insurance premiums for a number of the cheaper automobiles to buy coverage for.

Cheapest Vehicles to Insure in Jersey City, NJ
Insured Vehicle Estimated Cost for Full Coverage
Honda CR-V EX 2WD $1,521
Ford Escape XLT 4WD $1,555
Chevrolet Impala LS $1,771
Toyota RAV4 4WD $1,804
Ford F-150 Lariat Super Cab 2WD $1,838
Ford Explorer Limited 2WD $1,844
Hyundai Elantra GLS Touring Station Wagon $1,869
Toyota Corolla S $1,897
Honda Civic Hybrid 4-Dr Sedan $1,930
Nissan Rogue S 2WD $1,933
Hyundai Sonata SE 4-Dr Sedan $2,026
GMC Sierra 2500HD SLT Extended Cab 4WD $2,032
Honda Accord EX 2-Dr Coupe $2,026
Kia Optima EX $2,059
Toyota Camry LE $2,065
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Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Table data does not factor in specific location which can impact coverage rates greatly.

Based upon these rates, vehicles like the Honda CR-V, Ford Escape, Chevrolet Impala, Toyota RAV4, and Ford F-150 should be the less-costly vehicles to insure for drivers on welfare.

Buying reasonably-priced auto insurance is easier said than done, and finding out which companies offer the best car insurance rates for welfare recipients takes more quotes for comparison. Every auto insurer uses their own formula for setting prices, so let's rank the most affordable car insurance companies in Jersey City.

Best Insurance Companies in New Jersey

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Cheapest insurance companies in New Jersey
Rank Company Cost Per Year
1 21st Century $1,100
2 Travelers $1,180
3 New Jersey Manufacturers $1,297
4 Penn National $1,325
5 Palisades $1,382
6 California Casualty $1,495
7 The Hartford $1,521
8 Allstate $1,538
9 USAA $1,538
10 Mercury $1,587
11 Esurance $1,838
12 Progressive $1,862
13 Amica $1,887
14 MetLife $2,010
15 State Farm $2,226
16 GEICO $2,262
17 Encompass $2,303
18 Liberty Mutual $2,978
19 Hanover $4,027
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21st Century normally has some of the cheapest car insurance rates in Jersey City at around $1,100 per year. This is $752 less than the average premium paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades also make the cut as some of the cheapest Jersey City, NJ car insurance companies.

As depicted above, if you currently have coverage with Penn National and switched to Travelers, you could earn a yearly price reduction of in the vicinity of $145. New Jersey drivers with Palisades could save as much as $202 a year, and California Casualty insureds might reduce prices by as much as $315 a year.

Be aware that those rates are averages across all types of insureds and vehicles and and are not figured with an exact zip code location for welfare recipients. So the car insurance company that has the cheapest rates for you may not even be in the top 19 companies shown above. That's why you need to quote rates from many companies using your own driver and vehicle profiles.

The chart below illustrates how choosing a deductible can raise or lower insurance premiums when getting quotes for cheap insurance for welfare recipients. The costs are based on a single male driver, comprehensive and collision coverage, and no discounts are factored in.

A 30-year-old driver could cut expenses by $618 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $932 by changing to a $1,000 deductible. Even younger drivers, like the Age 20 chart data, could save $1,820 each year just by using higher deductibles.

When insureds make the decision to increase the deductibles on their policy, it will be important to have plenty of savings on hand to satisfy the extra out-of-pocket expense that is associated with using high deductibles.

Comparison of full coverage and liability-only policies

Reducing premiums for car insurance is probably important to most drivers, and one easy way to reduce the cost of insurance for welfare recipients is to only pay for liability coverage. The diagram below illustrates the comparison of insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in New Jersey. The price estimates are based on no claims or driving citations, $500 deductibles, marital status is single, and no other discounts are factored in.

If all age groups are averaged, physical damage coverage on your policy costs $3,012 per year more than just buying liability only. That brings up the question if buying full coverage is a waste of money. There is no exact formula to drop physical damage coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is 10% or more of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

The importance of comparing Jersey City car insurance rates

Jersey City car insurance rates are impacted by many factors that may substantially change the price you have to pay. Simply turning a year older, getting divorced, or getting a few speeding tickets can trigger rate changes that may make certain companies cheaper than others. In addition to those changes, insurance companies file new New Jersey car insurance rates multiple times each year to adjust for gains or losses. An extended period of higher than normal claims can cause rate increases, while a better loss history may cause more affordable Jersey City car insurance rates.

As an example, the data below shows the companies that have the cheapest car insurance in Jersey City, NJ for a 30-year-old female driver with no prior accidents, a clean driving record, and good financial standing. Based on her personal risk profile, 21st Century has the best car insurance rates in Jersey City at $1,541 each year. This is $311 less than the average price paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Palisades, and Penn National are the rest of the best Jersey City, NJ auto insurance companies.

Now we will give the driver from above a couple of claims, poor credit, and a blemish on her driving record. Due to the fact that every auto insurer has a different formula to establish rates, comparing prices may now result in a slightly different list of the cheapest companies as shown below.

California Casualty now has the best price on car insurance in Jersey City, NJ with The Hartford, USAA, Mercury, and Travelers completing the list. This example shows why it is so important to spend some time comparing rates to find the most economical car insurance rates for welfare recipients.

Insurance rates are calculated by many things and change frequently, so the best option six months ago may now cost much more than other companies.