The vehicle requiring insurance is a large factor in finding cheap auto insurance for low mileage drivers. Vehicles with average performance, advanced safety features, or a track record of few liability claims will cost much less to insure than adrenaline junky models. The information below illustrates car insurance costs for some of the most economical automobiles to insure.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda Accord EX 4-Dr Sedan||$1,562|
|Honda CR-V EX 4WD||$1,597|
|Ford F-150 XL Super Cab 4WD||$1,605|
|Ford Explorer XLT 4WD||$1,597|
|Ford Escape Limited 2WD||$1,650|
|Ford Edge SE AWD||$1,656|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,675|
|Jeep Wrangler Sport 4WD 2-Dr||$1,685|
|Chevrolet Malibu Hybrid||$1,688|
|Dodge Ram 3500 Crew Cab Laramie 2WD||$1,720|
|Toyota Tacoma 4WD||$1,745|
|Hyundai Elantra SE 4-Dr Sedan||$1,780|
|Toyota Corolla XRS||$1,812|
|Jeep Grand Cherokee Limited 2WD||$1,817|
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Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Premium costs do not factor in Jersey City, NJ location which can affect coverage rates substantially.
Looking at the numbers, you can see that vehicles like the Honda Accord, Toyota Prius, Honda CR-V, and Ford F-150 are a few of the most economical vehicles to insure for infrequent drivers.
Deciding which company offers the lowest-priced insurance rates for low mileage drivers will take a bit more effort in order to find the best price. Each insurer uses a slightly different approach for determining prices, so let’s take a look at the insurance companies with the overall best prices in Jersey City.
Find the Cheapest Auto Insurance in New Jersey
|Rank||Company||Cost Per Year|
|3||New Jersey Manufacturers||$1,310|
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21st Century normally has some of the best car insurance rates in Jersey City at around $1,100 annually. Travelers, New Jersey Manufacturers, Penn National, and Palisades also qualify as some of the most economical Jersey City, NJ auto insurance companies.
In the rate table above, if you have coverage with Travelers and switched to 21st Century, you might achieve an annual premium reduction of in the vicinity of $80. Policyholders with New Jersey Manufacturers could save as much as $210 a year, and Penn National policyholders might realize rate reductions of up to $238 a year.
To see if your current coverage is too expensive, click here to get quotes or quote rates from the companies below.
These rates are averaged for all drivers and vehicles in New Jersey and do not factor in a specific location for low mileage drivers. So the company that is best suited for you may not even be in the top 19 companies shown above. That affirms the importance of why you need to get quotes using your own specific driver and vehicle information.
For infrequent drivers, one of the largest criteria that are used to help calculate the annual cost of car insurance is where you live in Jersey City. More populated areas are more likely to pay higher prices, whereas areas that tend to be more rural benefit from lower prices.
The information below shows the most costly cities in New Jersey for low mileage drivers to buy an auto insurance policy in. Jersey City comes in at #11 with an annual rate of $2,253 for coverage, which is about $188 each month.
|Rank||City||Premium Per Year|
|3||West New York||$2,456|
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Table data uses approximated as specific location information can increase or decrease insurance rates greatly.
How much more does full coverage cost?
Finding cheaper insurance is probably important to the majority of vehicle owners, and one great way to pay less for insurance for low mileage drivers is to not buy full coverage. The illustration below shows the comparison of auto insurance rates with full coverage and liability only. The premium estimates are based on no driving violations, no at-fault accidents, $250 deductibles, single marital status, and no discounts are taken into consideration.
As an overall average, comprehensive and collision coverage on your policy costs $2,515 per year over liability only. At some point, almost every driver questions when is the right time to remove full coverage. There is no definitive formula to stop buying comprehensive and collision coverage on your policy, but there is a general convention. If the yearly cost of comp and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.
For example, let’s say your vehicle’s replacement value is $5,500 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company would pay you is $4,500 after the deductible is paid. If you are paying more than $450 a year for comprehensive and collision coverage, then you may want to consider only buying liability coverage.
There are some situations where only buying liability is not in your best interest. If you still have a loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should keep full coverage in place.
Which insurance company is best in New Jersey?
Insuring your vehicle with the highest-rated car insurance company can be a challenge considering how many companies provide coverage in Jersey City. The company information displayed below may help you choose which coverage providers to look at when shopping insurance around for low mileage drivers. These rankings only include the largest companies in America, so companies with more of a regional focus are not taken into consideration for these rankings.
Top 10 Large Auto Insurers Overall in Jersey City
- Mercury Insurance
- The Hartford
- State Farm
- Farmers Insurance
- Safeco Insurance
- 21st Century
The chart below shows how different deductible levels can raise or lower insurance premiums when getting quotes for cheap insurance for low mileage drivers. The information is based on a married female driver, full physical damage coverage, and no additional discounts are factored in.
The data above shows that a 50-year-old driver could lower their car insurance rates by $394 a year by increasing from a $100 deductible to a $500 deductible, or save $594 by selecting a $1,000 deductible. Even younger drivers, like the Age 20 category, could possibly save up to $976 every year by selecting a higher deductible.
If you do make the decision to raise your deductibles, it is a good idea to have additional savings on hand to offset the extra out-of-pocket expense, which is the main drawback of higher deductibles.
How to find the cheapest auto insurance for low mileage drivers
It’s not impossible to find cheaper rates, and here are some of the recommended thrifty suggestions that can help New Jersey drivers get low-cost coverage.
- Good credit scores may make rates cheaper
- Keep your driving record clean
- Raise your physical damage coverage deductibles
- Do not pay for full coverage if not needed
- Safer vehicles cost less to insure
- Accidents can significantly increase rates
- Compare rate quotes often
The last tip in the list is remarkably crucial, as we pointed out in this article. Auto insurance prices adjust frequently, so don’t hesitate to change to a new company if a cheaper rate is available.
Many drivers prefer to stick with one company, but it’s not recommended if that faithfulness ends up costing you a considerable chunk of change every month. Now is a great time to compare prices to find cheaper insurance for low mileage drivers in Jersey City.
The professional agents shown below are willing to answer your questions and help you decide which coverage meets your needs best, since some people prefer to get some help when shopping for cheaper insurance for low mileage drivers. It can be difficult to find the best coverage yourself, and using a licensed agent can give peace of mind knowing your policy gives you suitable coverage if you ever need to use it. To find a Jersey City insurance agent nearest to you, click the link after the list.
1674 John F. Kennedy Blvd # A – Jersey City, NJ 07305 – (201) 434-4760
Sam’s Insurance and Travel
3396 John F. Kennedy Blvd – Jersey City, NJ 07307 – (201) 659-6800
GG Insurance – Independent Insurance Agent
270 Marin Boulevard, Metropolis Towers Suite #14D – Jersey City, NJ 07302 – (800) 801-0394
Alberto Santana – State Farm Insurance Agent
1755 John F. Kennedy Blvd – Jersey City, NJ 07305 – (201) 332-3344
Farmers Insurance – Mofalc Meinga
447 Central Ave – Jersey City, NJ 07307 – (201) 435-1616