Who Has the Cheapest Auto Insurance for Real Estate Agents in Jersey City?

One of the more important things that are looked at to determine insurance cost is your zip code. More densely populated places will most likely have higher rates, whereas areas with less people or fewer weather incidents receive better rates.

The illustration below shows the most costly cities in New Jersey for real estate agents to purchase car insurance in. Jersey City comes in at #9 with the yearly price of $2,345 for the average insured, which is about $195 per month.

Car insurance prices in Jersey City
Rank City Average Per Year
1 Newark $2,598
2 East Orange $2,571
3 Elizabeth $2,470
4 Union City $2,450
5 Paterson $2,448
6 West New York $2,431
7 Clifton $2,368
8 Hoboken $2,353
9 Jersey City $2,345
10 Kearny $2,335
11 Passaic $2,325
12 Linden $2,185
13 Bayonne $2,184
14 Perth Amboy $2,165
15 Camden $2,155
16 Atlantic City $2,086
17 Fort Lee $2,081
18 Plainfield $1,956
19 Sayreville $1,939
20 Hackensack $1,921
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Price information shown is approximated as the vehicle garaging location can raise or lower rates noticeably.

The vehicle model that needs insurance is one of the main factors in finding the best cheap insurance for real estate agents. Vehicles with more horsepower, poor passenger safety features, or a history of substantial liability claims will cost quite a bit more to insure than more economical and safe models. The table below shows coverage premiums for some of the most cost-effective automobiles to insure in New Jersey.

Cheapest Vehicles to Insure in Jersey City, NJ
Vehicle Insured Estimated Cost for Full Coverage
Ford Escape Limited 2WD $1,494
Hyundai Elantra SE Touring Station Wagon $1,585
Ford Explorer XLT 2WD $1,640
Honda Accord LX-P 4-Dr Sedan $1,681
Chevrolet Impala LS $1,697
Chevrolet Equinox LT 2WD $1,730
Ford F-150 Lariat Crew Cab 4WD $1,763
Toyota Camry SE $1,821
Honda CR-V EX 4WD $1,840
GMC Sierra SLE Crew Cab 2WD $1,854
Chevrolet Malibu LTZ $1,861
Jeep Grand Cherokee SRT-8 4WD $1,854
Nissan Altima Hybrid 4-Dr Sedan $1,861
Toyota Prius $1,857
Ford F-350 XL Super Cab Turbo Diesel 2WD $1,922
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Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Rate information does not factor in specific zip code location which can revise price quotes considerably.

Looking at the data, we can conclude that vehicles like the Ford Escape, Hyundai Elantra, Ford Explorer, and Honda Accord are most likely to be a few of the cheapest vehicles to insure for realtors.

Finding good, affordable auto insurance is not the easiest thing to accomplish, and finding out which company has the cheapest car insurance rates for real estate agents will involve even more work.

Each insurance company uses their own formula to set policy rates, so we’ll go over the overall cheapest car insurance companies in Jersey City, NJ. It’s important to understand that Jersey City car insurance rates are calculated based on many things that control the cost of having a policy. Simply having another birthday, buying a safer car, or getting into an accident may cause policy rate changes that can make some companies cheaper than others.

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21st Century normally has some of the cheapest car insurance rates in Jersey City at around $1,078 a year. Travelers, New Jersey Manufacturers, Palisades, and Penn National also make the cut as some of the more affordable Jersey City, NJ auto insurance companies.

As depicted above, if you buy coverage from New Jersey Manufacturers and switched to 21st Century, you might achieve savings of in the neighborhood of $180. Drivers with Palisades could save as much as $263 a year, and Penn National insureds might reduce prices by as much as $301 a year.

If you want to find out if you’re overpaying, click here to get a free quote or quote rates from the companies below.

Understand that those rates are averaged across all types of drivers and the different vehicles they drive and are not factoring in an exact zip code location for real estate agents. So the auto insurance company that is most affordable for your situation may not even be in the top 19 companies in the list above. That points out the importance of why you need to get auto insurance quotes using your own specific driver and vehicle information.

The information below demonstrates how deductibles can increase or decrease insurance costs when quoting cheap insurance for real estate agents. The information is based on a married male driver, full coverage, and no additional discounts are factored in.

A 50-year-old driver could save $400 a year by increasing from a $100 deductible up to a $500 deductible, or save $604 by selecting a $1,000 deductible. Even younger drivers, like the 20-year-old, could save $1,336 or even more by choosing a larger deductible amount. If you do raise deductibles, it will be necessary to have enough savings to enable you to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

Selecting a high-quality insurer can be difficult considering how many choices drivers have in Jersey City. The company ratings displayed below could help you decide which companies you want to consider when comparing rate quotes.

These rankings are only comprised of companies with a nationwide focus, so companies that only write business in New Jersey or surrounding areas are not included in this list. If you wish to compare prices from the insurers below and more, just click here.

Top 15 Car Insurance Companies for Real Estate Agents in Jersey City, NJ
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Mercury Insurance 87 96 100 87% A+ 93.4
The Hartford 88 96 91 93% A+ 92.6
Progressive 84 94 99 90% A+ 92.4
Travelers 84 93 100 87% A++ 92.3
State Farm 84 93 95 87% A++ 91
Farmers Insurance 87 92 90 85% A 90.6
Safeco Insurance 85 91 87 86% A 88.4
USAA 71 93 98 87% A++ 88
GEICO 73 93 95 85% A++ 87.1
21st Century 85 85 91 89% A 86.9
Liberty Mutual 72 91 97 83% A 86.4
AAA Insurance 85 85 88 86% A 85.8
Nationwide 71 90 93 83% A+ 84.9
Allstate 69 92 92 83% A+ 84.4
American Family 77 96 80 85% A 83.8
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Data Source: Insure.com Best Car Insurance Companies

Why you should be shopping around

Jersey City, NJ car insurance rates are determined by lots of factors which can substantially change the price of coverage. Improving your credit score, having a claim, or getting a driving violation can cause premium changes that can make some companies cheaper than before. Not only may your risk profile change, but insurance companies change rates at least once a year in order to protect their financial rating. Higher than normal claims may cause more expensive prices, while a better claims history may result in more affordable Jersey City car insurance rates.

The data below shows which company has the cheapest car insurance in Jersey City, NJ for a 45-year-old female driver with no prior accidents, a clean driving record, and a good credit history. If we estimate prices based on her personal risk profile, 21st Century may offer the best car insurance rates in Jersey City at $1,480 per year. This is $372 less than the average premium paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Palisades, and Penn National are the remainder of the top five cheapest Jersey City, NJ auto insurance companies.

The chart below compares rates after we give the driver in the first chart some claims, a little lower credit rating, and a few traffic violations. Since each insurance company has their own guidelines for determining prices, comparing insurance quotes will most likely result in a new list of companies as shown below.

The Hartford now has the cheapest car insurance in Jersey City, NJ with USAA, Allstate, Travelers, and Mercury now being in the top five. This example illustrates why it is important to perform a complete rate comparison to get affordable auto insurance quotes for real estate agents.

Car insurance prices are determined by many risk factors and change substantially, so the most affordable company the last time you shopped around may now be quite expensive.