Wouldn't it be perfect if you could just magically know the single company that has the best rates for teenage males? It's not that simple, unfortunately, as there are a ton of unknown factors such as if you want the added protection of full coverage, the safety ratings of your vehicle, how many years you have been driving, and what level of deductibles you wish to have, that all help calculate your car insurance rates. If you keep reading, we will teach you about the different scenarios that increase car insurance cost and also should give you a good start to your coverage search.
Finding good, reasonably-priced insurance is not most people's favorite thing to do, and figuring out which company quotes the best insurance rates for teenage males takes even more rate comparisons. Each company has a proprietary formula to determine rates, so let's take a look at the insurance companies that tend to be cheaper in New Jersey.
It's important that readers know that Jersey City insurance rates are based on many factors which can substantially change the cost of your policy. Events such as a birthday, buying a newer car, or getting a reckless driving citation can cause premium changes that may make certain companies much higher than others.
Compare Cheap Insurance Quotes for Teens
|Rank||Company||Cost Per Year|
|3||New Jersey Manufacturers||$1,297|
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21st Century offers some of the most affordable car insurance rates in Jersey City at around $1,111 each year. This is $741 less than the average policy 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 lowest-priced Jersey City, NJ insurance companies.
As shown above, if you are currently insured with Palisades and switched to Travelers, you may see a yearly savings of approximately $202. Policyholders with Allstate could save as much as $298 a year, and California Casualty policyholders might see rate reductions of $301 a year.
To find the cheapest rates for your vehicle, click here to start your custom quote or quote rates from the companies below.
It's important to note that these policy rates are averaged across all drivers and vehicles in New Jersey and and are not figured with an exact vehicle garaging location for teenage males. So the car insurance company that fits your age and vehicle best may not even be in the top 19 companies in the list above. That emphasizes why you need to get quotes using your own specific driver information and vehicle.
One of the many considerations that are looked at to help calculate auto insurance rates is the neighborhood you call home in Jersey City. More densely populated places tend to have more expensive auto insurance rates, whereas areas with lower crime rates and fewer weather claims have the luxury of cheap car insurance rates.
The following table shows the most expensive areas in New Jersey for teenage males to purchase car insurance in. Jersey City is listed at #8 with a yearly premium of $2,345 for the average policy, which is around $195 per month.
|3||West New York||$2,456|
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Annual rates are estimated as the specific Jersey City residence address can affect coverage rates greatly.
The make and model of vehicle you are seeking coverage for is a large factor when shopping for the cheapest insurance for teenage males. Vehicles with high performance features, poor safety ratings, or a high likelihood of having liability claims will cost much more to insure than safer, lower-performance models.
The next table presents insurance costs for some of the cheaper automobiles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$5,420|
|Honda Accord LX 4-Dr Sedan||$5,425|
|Honda CR-V EX-L 4WD||$5,477|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$6,023|
|Toyota Tacoma 4WD||$6,081|
|Ford Focus S 4-Dr Sedan||$6,379|
|Ford Edge SE AWD||$6,384|
|Dodge Grand Caravan Hero||$6,436|
|Chevrolet Malibu Hybrid||$6,446|
|Chevrolet Impala LT||$6,436|
|Toyota Camry LE||$6,444|
|Toyota RAV4 Sport 2WD||$6,436|
|Volkswagen Jetta S 4-Dr Sedan||$6,442|
|Ford F-150 Lariat Crew Cab 2WD||$6,494|
|Ford Explorer Eddie Bauer 4WD||$6,501|
|Hyundai Elantra GLS 4-Dr Sedan||$6,791|
|Honda Odyssey EX-L W/Rear Entertainment||$6,801|
|Toyota Corolla S||$6,791|
|Chevrolet Equinox LTZ AWD||$6,849|
|Jeep Grand Cherokee SRT-8 4WD||$6,855|
|GMC Sierra SLE Crew Cab 4WD||$6,849|
|Chevrolet Silverado LT Extended Cab 2WD||$6,956|
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Prices based on single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate information does not factor in specific garaging location which can increase or decrease premium rates considerably.
Based on these rates, you can presume that vehicles like the Ford Escape, Honda Accord, Honda CR-V, and Toyota Prius will be the more affordable vehicles to insure for teen boys. Rates will tend to be higher because of the fact that there is more risk for teenage males, but in general those particular models will probably have the best insurance prices that you'll find.
Safe drivers pay less for insurance
In a perfect world, the ideal way to score the most affordable insurance rates in New Jersey for teen boys is to drive attentively and avoid accidents and traffic citations. The information below illustrates how speeding tickets and accident claims can increase insurance costs for each age group. The prices are based on a single female driver, full physical damage coverage, $250 deductibles, and no discounts are taken into consideration.
The chart shows that the average cost of auto insurance in Jersey City per year with no accidents and a clean driving record is $2,390. Receive two speeding tickets and the average cost surges to $3,208, an increase of $818 each year. Then throw in one accident along with the two speeding tickets and the yearly cost of insurance for teenage males increases to an average of $4,025. That's an increase of $1,635, or $136 per month, just for not driving responsibly!
New Jersey insurance company ratings
Insuring your vehicle with a high-quality auto insurance company is hard considering how many choices drivers have in New Jersey. The company rank data in the lists below can help you select which providers you want to consider shopping prices with. The ratings below include large, nationwide insurance companies, so smaller companies are not factored into the list.
Top 10 Major Auto Insurance Companies Overall in Jersey City
- Mercury Insurance
- The Hartford
- State Farm
- Farmers Insurance
- Safeco Insurance
- 21st Century
Top 10 Major Auto Insurance Companies in Jersey City Ranked by Customer Service
- Mercury Insurance
- The Hartford
- American Family
- State Farm
- Farmers Insurance
The importance of comparing Jersey City car insurance rates
Jersey City, NJ insurance rates are impacted by many things that can increase the cost of your policy. Simply getting older, buying higher coverage limits, or getting a couple of tickets can trigger rate changes that can make some companies cheaper than competitors. In addition to those changes, companies modify rates every year to reflect underwriting profits or losses. An extended period of higher than normal claims can cause increased policy costs, while a better loss history can result in lower-priced Jersey City car insurance rates.
The bar chart below shows the company with the cheapest car insurance in Jersey City, NJ for a 40-year-old female driver with a good driving record, no prior claims, and great credit. If we estimate rates based on her personal profile, 21st Century may have the best car insurance rates in Jersey City at $1,409 per year. This is $443 less than the average policy premium paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades are the remaining cheapest Jersey City, NJ auto insurance companies.
In the next rate comparison, we'll give the driver from the first rate comparison a claim surcharge, a lower credit rating, and a blemish on her driving record. Because each company has a different process to determine rates, comparing insurance quotes could now result in a completely different list of the cheapest car insurance companies in Jersey City as shown below.
Allstate now has the cheapest insurance rate in Jersey City with The Hartford, USAA, Mercury, and Travelers now being in the top five. This example illustrates why it is important to perform a complete rate comparison when trying to find the most affordable auto insurance quotes for teenage males.
Car insurance prices are calculated by many risk factors and can change substantially, so the cheapest company when you last compared rates may now cost much more than other companies.