What Auto Insurance is Cheapest After a Speeding Ticket in Jersey City?

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Wouldn't life be so easy if we could instantly tell you the best company that has the lowest rates after a speeding ticket? Unfortunately, it's not that simple as there are many unknowns like if you are a man or woman, if you have ever had a gap in coverage, and how high your deductibles should be, that all have an effect on the price. We know insurance is not everyone's favorite topic, but in this article we will cover these types of topics and educate you enough to have a good start to your coverage search.

The vehicle that needs insurance is one of the largest factors that determines the availability of economical coverage after a speeding ticket. Vehicles with average performance, good safety features, or a track record of few liability claims will cost less to insure than higher performance models.

The next list outlines coverage premiums for some of the most cost-effective automobiles to buy insurance for.

Cheapest Vehicles to Insure in Jersey City, NJ
Make and Model Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $2,011
Honda CR-V LX 4WD $2,216
Ford Escape XLT 2WD $2,334
Chevrolet Equinox LT 2WD $2,383
Chevrolet Impala LT $2,388
Jeep Grand Cherokee Laredo 2WD $2,383
Ford Explorer Limited AWD $2,426
GMC Sierra SL Crew Cab 2WD $2,555
Honda Odyssey EX $2,582
Toyota Prius $2,595
Ford F-150 Lariat Crew Cab Harley 4WD $2,601
Chevrolet Malibu Hybrid $2,630
Toyota Tacoma Double Cab TRD Sport Package 4WD $2,681
Dodge Grand Caravan SXT $2,687
GMC Sierra 2500HD SLT Crew Cab 4WD $2,684
Chevrolet Silverado LS Crew Cab 2WD $2,724
Toyota RAV4 Sport 4WD $2,762
Toyota Corolla XLE $2,773
Ford Edge Sport AWD $2,783
Toyota Camry XLE $2,773
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Prices above based on single female driver age 40, two speeding tickets, no at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, and claim-free. Rates do not factor in garaging location in Jersey City, NJ which can change price quotes substantially.

Based upon the rates shown, we can assume that makes and models like the Hyundai Elantra, Honda CR-V, and Ford Escape are likely to be some of the most economical vehicles to insure after a few driving violations.

Determining which company has the best car insurance rates after a speeding ticket takes a bit more effort than just getting one or two price quotes.

Each insurance company uses their own calculation for setting rates, so let's take a look at the lowest cost car insurance companies in New Jersey. It's a good idea to be aware that Jersey City, NJ car insurance rates are impacted by many things which can substantially change the price you have to pay for coverage. Improving your credit score, buying a home, or having an at-fault accident can trigger rate changes resulting in some rates now being more affordable than others.

Best Insurance Companies with Licence Points

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New Jersey auto insurance company rankings
Rank Company Cost Per Year
1 21st Century $1,067
2 Travelers $1,156
3 New Jersey Manufacturers $1,310
4 Palisades $1,354
5 Penn National $1,366
6 California Casualty $1,481
7 Allstate $1,493
8 The Hartford $1,536
9 USAA $1,553
10 Mercury $1,603
11 Amica $1,832
12 Esurance $1,838
13 Progressive $1,919
14 MetLife $1,951
15 State Farm $2,182
16 GEICO $2,240
17 Encompass $2,374
18 Liberty Mutual $2,890
19 Hanover $3,987
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21st Century generally has some of the cheapest car insurance rates in Jersey City at around $1,067 annually. Travelers, New Jersey Manufacturers, Palisades, and Penn National also qualify as some of the lowest-priced Jersey City, NJ car insurance companies.

As shown in the table above, if you are a policyholder with Penn National and switched to Travelers, you could earn annual savings of in the neighborhood of $210. Policyholders with California Casualty could save as much as $325 a year, and Allstate insureds might cut rates by $337 a year.

To find out how your current rates compare, click here to start your free quote or visit any of the companies below.

Remember that these premiums are averages across all drivers and vehicles and and are not calculated with a specific vehicle garaging location after a speeding ticket. So the car insurance company that has the lowest price for you may not even be in the top 19 companies shown above. That illustrates why you need to compare rates from multiple companies using your own personalized driver profile and vehicle information.

After a few driving violations, one of the largest factors that aid in calculating the price you pay for insurance is where you call home in Jersey City. Cities with larger populations tend to have more expensive auto insurance rates, whereas areas with less people or fewer weather incidents benefit from lower rates.

The information below ranks the highest-priced places in New Jersey after a speeding ticket in which to purchase auto insurance. Jersey City comes in at #12 with an annual premium of $2,253 for the average insured, which is approximately $188 monthly.

How much does auto insurance cost in Jersey City?
Rank City Annual Premium
1 East Orange $2,597
2 Newark $2,572
3 West New York $2,456
4 Union City $2,450
5 Paterson $2,448
6 Elizabeth $2,398
7 Hoboken $2,377
8 Clifton $2,345
9 Passaic $2,301
10 Bayonne $2,274
11 Kearny $2,266
12 Jersey City $2,253
13 Camden $2,221
14 Perth Amboy $2,102
15 Linden $2,099
16 Atlantic City $2,086
17 Fort Lee $2,060
18 Hackensack $1,940
19 Sayreville $1,920
20 Plainfield $1,898
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Premium amounts are approximated as the specific Jersey City residence address can change premium rates greatly.

Should you buy full coverage?

Saving money when shopping for car insurance is probably important to the majority of people, and one of the fastest ways to reduce the cost of insurance after a speeding ticket is to only buy liability insurance. The illustration below illustrates the comparison of yearly insurance costs with and without full coverage. The data is based on no accidents, no driving violations, $500 deductibles, marital status is single, and no discounts are applied to the premium.

If all age groups are averaged, comprehensive and collision coverage on your policy costs an extra $2,257 per year over liability only. That brings up the question if full coverage is worth the money. There is no set rule of when to exclude comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

There are some cases where dropping full coverage is not in your best interest. If you haven't paid off your loan, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should keep full coverage.

The diagram below shows how choosing a deductible can change annual premium costs when trying to find cheap insurance after a speeding ticket. The price estimates are based on a single male driver, full physical damage coverage, and no discounts are applied to the premium.

A 30-year-old driver could lower their policy premium by $444 a year by switching from a $100 deductible to a $500 deductible, or save $670 by switching to a $1,000 deductible. Even younger drivers, like the 20-year-old, have the ability to save $1,296 or more by choosing a larger deductible amount. If you make the decision to raise deductibles, it is essential to have enough spare savings to be able to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

Discounts on Jersey City car insurance

Car insurance after a few driving violations in Jersey City, NJInsurers that sell policies after a speeding ticket may also give you rate discounts that can lower rates by as much as 35% if you meet certain criteria. Companies and their offered discounts can be read below.

The example below shows the difference between insurance rates with and without some available policy discounts. The premiums assume a male driver, three traffic citations and no accidents, New Jersey state minimum liability limits, full coverage, and $250 deductibles.

The first bar for each age group shows premium with no discounts. The lower bar shows the rates with multiple policy, anti-theft, paperless filing, multiple vehicle, homeowner, and passive restraint discounts applied. When drivers take advantage of discounts, theaverage yearly reduction on car insurance after a speeding ticket is 28% or $1,427.

Why you should be comparing rates

Jersey City car insurance rates are calculated based on many things which can significantly increase or decrease the cost of coverage. Turning one year older, filing a claim, or getting a few speeding tickets may prompt premium changes that can now make some companies more affordable than the competition.

Not only that, but insurers modify pricing multiple times each year as an adjustment for underwriting gains or losses. Unexpectedly high claims can result in increased rates, while better underwriting can cause lower-cost Jersey City car insurance rates.

The bar chart below shows which companies have the cheapest car insurance in Jersey City, NJ for a 45-year-old male driver with no prior accidents, a clean driving record, and good financial standing. When comparing rates based on his personal risk profile, 21st Century quotes the cheapest car insurance rates in Jersey City at $1,481 annually. This is $371 less than the average price paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades are the remainder of the best Jersey City, NJ auto insurance companies.

The example below compares rates after we give the driver from the first example some claims, a lower credit score, and a blemish on his driving record. Because each company has a unique approach to determining premium rates, comparing quotes could now result in a new list of companies as shown below.

The Hartford now has the lowest car insurance rate in Jersey City with USAA, Allstate, Travelers, and Mercury now being in the top five. This demonstrates why consumers need to perform an extensive rate comparison when trying to get cheap auto insurance quotes after a speeding ticket.

Insurance rates are influenced by many factors and can increase or decrease at any time, so the cheapest company six months ago may now be wasting a lot of money.