Trying to buy affordable auto insurance is not the easiest thing to do, and determining which company quotes the most affordable auto insurance rates for state employees involves even more perseverance. Every insurance company has a different process for setting rates, so first let’s look at the rankings for the auto insurance companies that tend to be cheaper in Jersey City.
It’s a good idea to be aware that Jersey City, NJ auto insurance rates are calculated based on many things which can substantially decrease or increase the price of your policy. This price fluctuation is why consumers need to take the time to shop around when trying to get the lowest car insurance rates for state employees. Insurance prices consist of many different factors and change dramatically, so the lowest-price company three years ago may now be wasting a lot of money.
Find the Cheapest Auto Insurance in New Jersey
21st Century may have some of the best car insurance rates in Jersey City at around $1,100 a year. This is $752 less than the average policy premium paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Palisades, and Penn National are also some of the lowest-priced Jersey City, NJ auto insurance companies.
As the rates illustrate above, if you are a policyholder with New Jersey Manufacturers and switched to 21st Century, you might achieve yearly savings of roughly $210. Policyholders with Palisades may save as much as $241 a year, and Penn National insureds might reduce rates by $266 a year.
If you would like to find cheaper car insurance rates, click here to begin a quote or visit any of the companies below.
These policy prices are averages across all insureds and vehicles and do not factor in a vehicle location for state employees. So the auto insurance company that is best for you may not even be in the top 19 companies shown above. That is why you need to get rate quotes from many companies using your own individual information.
The vehicle model on the policy is one of the largest considerations when shopping for cheaper auto insurance for state employees. Vehicles with limited top-end speed, excellent safety ratings, or low incidents of liability claims will cost less to insure than higher performance models. The data below estimates car insurance rates for a selection of the most budget-friendly automobiles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda Accord EX-L 4-Dr Sedan||$1,491|
|Ford Escape XLT 2WD||$1,502|
|Honda CR-V LX 2WD||$1,507|
|Toyota Tacoma 4WD||$1,538|
|Ford Focus SE 4-Dr Sedan||$1,594|
|Chevrolet Impala LT||$1,626|
|Ford F-150 Lariat Crew Cab 4WD||$1,655|
|Hyundai Elantra GLS 4-Dr Sedan||$1,713|
|Honda Odyssey EX-L W/Rear Entertainment||$1,720|
|GMC Sierra SLE Crew Cab 2WD||$1,742|
|Nissan Rogue S 2WD||$1,751|
|Jeep Wrangler Unlimited Rubicon 4WD 4-Dr||$1,786|
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Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Table data does not factor in specific location which can impact auto insurance rates noticeably.
Based upon the table data, vehicles like the Honda Accord, Ford Escape, Honda CR-V, and Toyota Tacoma should be the most affordable vehicles to insure for state workers.
How much more does full coverage cost in Jersey City?
Saving money on auto insurance is important to the majority of people, and an effective way to lower the cost of insurance for state employees is to not insure for full coverage. The chart below shows the difference between insurance premiums with full coverage compared to only the New Jersey minimum liability coverage. Data assumes a clean driving record, no at-fault accidents, $250 deductibles, single marital status, and no additional discounts are factored in.
If we average the cost for ages 20 through 70, physical damage insurance costs $2,782 per year more than just insuring for liability. That amount may make you wonder if buying full coverage is worth the money. There isn’t a written rule of when to phase out full coverage, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of replacement cost minus your deductible, then it may be the right time to buy liability only.
For example, let’s say your vehicle’s settlement value is $7,500 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $6,500 after paying your policy deductible. If you are paying in excess of $650 a year for comprehensive and collision coverage, then you may want to consider only buying liability coverage.
The diagram below illustrates how your choice of deductibles can change insurance premiums when quoting cheap insurance for state employees. The premium estimates are based on a single female driver, comp and collision included, and no policy discounts are applied.
In the chart above, a 50-year-old driver could pocket $456 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $690 by choosing a $1,000 deductible. Younger drivers, like the Age 20 category, could save $1,160 or more by choosing larger deductibles on their policy. When choosing a higher deductible, it will be required to have enough spare savings to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Why you should shop around
Jersey City, NJ auto insurance rates are impacted by many things that control the cost of having a policy. Simply getting older, increasing deductibles, or getting a few speeding tickets may prompt premium changes that may make certain companies cheaper in comparison to the competition. In addition, insurers file new New Jersey car insurance rates as often as every three months to reflect underwriting profits or losses. Higher than normal claim frequency or severity can cause price increases, while a better claims history can produce cheaper Jersey City car insurance rates.
To illustrate this example, the data below shows a variety of companies that have the cheapest car insurance in Jersey City, NJ for a 30-year-old female driver with no accidents or violations, and great credit. If we estimate prices based on her current situation, 21st Century has the best car insurance rates in Jersey City at $1,466 per year. This is $386 less than the average price paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Palisades, and Penn National are the remaining most affordable Jersey City, NJ auto insurance companies.
Now we will pretend the driver from the first set of rates a claim surcharge, less-than-perfect credit, and a few traffic violations. Since each company has their own formula for filing rates in each state, analyzing rates most likely will result in a different list of affordable Jersey City car insurance companies as shown below.
The Hartford now has the cheapest price in Jersey City with Allstate, USAA, Travelers, and Mercury completing the list. This shows why drivers need to shop around with many companies to get the most economical insurance quotes for state employees.
Insurance prices consist of many things and change substantially, so the most economical option the last time you shopped around may now be an over-priced policy.
How to find economical car insurance for state employees
Here are a few money-saving ideas that can help drivers find cheap coverage.
- Increase your physical damage deductibles
- Get cheaper liability coverage by choosing a safer vehicle
- Improve your credit
- Drive safely
- Staying accident-free helps keep rates low
- Check for cheaper rates once a year
The final tip is remarkably significant, as was affirmed in the article above. Car insurance prices can change significantly in a year, so don’t be hesitant to change insurance companies if a more affordable rate is found.
Having brand loyalty is commendable, but we do not recommend it if that loyalty ends up costing money that could be spent on other things. Now is a great time to compare rates and find cheaper insurance for state employees in Jersey City.
If you aren’t sure which coverage you need and prefer to get some guidance when shopping around for cheaper insurance for state employees, the agents listed below can help you decide which coverage meets your needs best.
To locate a Jersey City insurance agent using an interactive map, click the button below the list.
775 Newark Ave – Jersey City, NJ 07306 – (201) 217-1780
Diaz Insurance Agency
815 Bergenline Ave – Union City, NJ 07087 – (201) 348-1288
Joe Nachbaur – State Farm Insurance Agent
505 Central Ave – Jersey City, NJ 07307 – (201) 222-8866
582 West Side Ave – Jersey City, NJ 07304 – (201) 209-1306
Hemant Jiwnani – State Farm Insurance Agent
2770 John F Kennedy Blvd, FL-1 – Jersey City, NJ 07306 – (201) 653-1770