You have seen the captivating ads from car insurance companies like Farmers, Allstate, and State Farm promising dirt cheap rates, so drivers just need to pick the one with the catchiest commercial, right?
Unfortunately, it's just not that easy, as there are a whole bunch of unknown elements like whether or not you own a home, the level of liability coverage you want, and the vehicle you drive, that all help calculate your car insurance rates. This article will cover the best ways to compare rates and also should give you a good beginning to your quest for cheaper car insurance.
The type of vehicle you are insuring is a significant factor in finding cheaper car insurance for uninsured drivers. Vehicles with lower acceleration and performance, a great safety record, or a low likelihood of liability claims will cost substantially less to insure than adrenaline junky models. The next table ranks coverage premiums for a number of the most affordable vehicles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape Limited 2WD||$1,437|
|Honda CR-V EX 2WD||$1,612|
|Ford Edge SEL 2WD||$1,631|
|Ford Fusion S 4-Dr Sedan||$1,664|
|Ford Explorer Limited 4WD||$1,696|
|Hyundai Elantra Blue 4-Dr Sedan||$1,717|
|Chevrolet Silverado 2500HD LTZ Crew Cab 4WD||$1,782|
|Nissan Altima 3.5 SR 4-Dr Sedan||$1,788|
|Ford F-150 XL Super Cab 4WD||$1,806|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$1,892|
|Toyota Camry Hybrid||$1,903|
|Hyundai Sonata Limited 4-Dr Sedan||$1,912|
|Chevrolet Malibu Hybrid||$1,906|
|Toyota RAV4 Sport 4WD||$1,915|
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Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Premium amounts do not factor in Jersey City, NJ location which can revise prices noticeably.
Looking at the rates, you can expect cars like the Ford Escape, Honda CR-V, Ford Edge, Ford Fusion, and Ford Explorer are some of the cheaper vehicles to insure for drivers with no prior coverage.
For drivers with no prior coverage, one of the more important considerations that help determine the cost of insurance is where you live in Jersey City. Areas with more people or more claims tend to have higher auto insurance costs, whereas areas with less people or fewer weather incidents have the gratification of cheaper auto insurance rates.
The information below lists the priciest cities in New Jersey for uninsured drivers to buy an auto insurance policy in. Jersey City shows up at #8 with a yearly premium of $2,345 for the average insurance policy, which is approximately $195 each month.
|Rank||City||Average Per Year|
|2||West New York||$2,506|
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Premium amounts are approximated as the specific area where the vehicle is garaged can modify premium rates noticeably.
Finding out which company offers the lowest-priced insurance rates for uninsured drivers will take a little more effort than just comparing rates from one or two companies. Each company has their own unique process for setting rates, so let's look at the rankings for the most affordable insurance companies in New Jersey.
Find Cheaper Auto Insurance in New Jersey
|Rank||Company||Cost Per Year|
|3||New Jersey Manufacturers||$1,271|
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21st Century may offer some of the cheapest car insurance rates in Jersey City at around $1,078 per year. This is $774 less than the average price paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Palisades, and Penn National also rank well as some of the cheapest Jersey City, NJ auto insurance companies.
As the rates illustrate above, if you currently have a policy with Travelers and switched to 21st Century, you may realize yearly savings of in the neighborhood of $102. Insureds with New Jersey Manufacturers may save as much as $193 a year, and Palisades policyholders might see rate reductions of $276 a year.
Be aware that those rates are averaged for all ages of drivers and types of vehicles and do not take into consideration a vehicle location for uninsured drivers. So the car insurance company that has the cheapest price for you may not even be in the top 19 companies in the list above. That points out the importance of why you need to get quotes using your own specific driver information and vehicle.
Jersey City insurance companies
Selecting the highest-rated insurance provider can be rather challenging considering how many companies sell coverage in New Jersey. The company ratings listed below can help you analyze which companies you want to consider when trying to find cheaper insurance for uninsured drivers. These rankings are for insurance companies that insure vehicles in the majority of U.S. states, so companies that focus mainly on New Jersey business are not factored into this list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
The information below demonstrates how deductible levels can increase or decrease annual premium costs when researching cheap insurance for uninsured drivers. The price estimates are based on a married male driver, full coverage, and no discounts are taken into consideration.
A 50-year-old driver could reduce rates by $400 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $604 by changing to a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, can cut $1,336 or more by choosing a larger deductible amount.
When raising deductibles, it is important to have emergency funds available to be able to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
The importance of shopping around
New Jersey insurance rates are impacted by many factors that may substantially change the cost of your policy. Simply turning a year older, adding a teenager to your policy, or having an accident can produce rate changes that can make some companies cheaper than others.
Not only may things change on your end, but car insurance companies file new New Jersey car insurance rates as needed as an adjustment for underwriting gains or losses. A period of increased losses may result in more expensive premiums, while profitable underwriting can produce lower-priced Jersey City car insurance rates.
The bar chart below shows the cheapest car insurance in Jersey City, NJ for a 45-year-old female driver with no prior accidents, a clean driving record, and good credit. If we estimate prices based on her current rating profile, 21st Century has the lowest car insurance rates in Jersey City at $1,480 a year. This is $372 less than the average price paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades are the rest of the top five cheapest Jersey City, NJ auto insurance companies.
Now we will give the driver from the above example a claim surcharge, less-than-perfect credit, and a traffic citation. Since each insurance company has their own process for determining prices, comparing prices will most likely result in a different ranking of the cheapest companies as shown below.
The Hartford now has the best price in Jersey City with Allstate, Travelers, USAA, and Mercury also having competitive pricing. This example demonstrates why it is critical to compare rates when trying to get the most affordable insurance quotes for uninsured drivers. Prices are made up of many different factors and change frequently, so the most affordable company the last time you shopped your coverage around may now be costing you a lot of money.
How to find low-cost insurance for uninsured drivers
Lowering your rates is not difficult, and here are some money-saving solutions that can help New Jersey drivers locate more affordable car insurance.
- Good credit can save money
- Higher comprehensive and collision coverage deductibles will save money
- Safer vehicles generally have cheaper insurance rates
- Keep your driving record clean
- Avoid accidents
- Compare price quotes at least once a year
The final tip is notably significant, as we pointed out in the prior article. Prices charged by auto insurers can change in a short period of time, so you should be ready to buy from a new company if a more affordable rate is found.
Many drivers prefer to stick with one company, but it isn't a good idea if that faithfulness ends up costing you a small fortune. In just a few minutes you could compare rates and find cheaper car insurance for uninsured drivers in Jersey City.
If you have coverage questions and would like to get help from a professional when comparing insurance rates for uninsured drivers, the professional agents shown below can probably answer your questions and help you decide which auto insurance policy fits you best. To locate a Jersey City insurance agent close to where you live, click the button link following the list or click here to compare rates now.
2330 John F. Kennedy Blvd - Jersey City, NJ 07304 - (201) 435-4300
Cheap Car Insurance Quotes Auto Newark NJ
268 W KINNEY ST - Newark, NJ 07103 - (888) 290-0635
Hemant Jiwnani - State Farm Insurance Agent
2770 John F Kennedy Blvd, FL-1 - Jersey City, NJ 07306 - (201) 653-1770
1674 John F. Kennedy Blvd # A - Jersey City, NJ 07305 - (201) 434-4760