For good drivers, one of the more important components that are used to help calculate auto insurance rates is where you keep your car. More densely populated places will most likely have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims have the luxury of cheap car insurance rates.
The following table shows the highest-priced areas in New Jersey for safe drivers to buy car insurance in. Jersey City is ranked at #11 costing $2,253 for the average policy, which is about $188 each month.
|Rank||City||Premium Per Year|
|2||West New York||$2,506|
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Premium costs are approximated as the garaging address in Jersey City can influence premium rates significantly.
The vehicle driven is probably the biggest factor when trying to find low-priced insurance for safe drivers. Vehicles with reasonable performance levels, a great safety record, or a low likelihood of having liability claims will cost quite a bit less to insure than fast, unsafe models. The data below estimates insurance costs for a selection of the more affordable automobiles to insure in New Jersey.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$1,613|
|Chevrolet Impala LT||$1,664|
|Chevrolet Malibu LT||$1,696|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$1,706|
|Ford Explorer Limited 4WD||$1,696|
|Honda Accord LX 4-Dr Sedan||$1,723|
|Ford Escape Limited 4WD||$1,747|
|GMC Sierra 2500HD SLE Crew Cab 4WD||$1,782|
|Nissan Altima Hybrid 4-Dr Sedan||$1,782|
|Volkswagen Jetta SE 4-Dr Sedan||$1,792|
|Kia Optima LX||$1,785|
|Nissan Rogue SL AWD||$1,871|
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Table 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 multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Rate information does not factor in vehicle garaging location which can modify coverage prices noticeably.
Looking at the rates, we can presume that vehicles like the Honda CR-V, Chevrolet Impala, and Chevrolet Malibu will be some of the most affordable vehicles to insure for good drivers.
Deciphering which companies have the most affordable auto insurance rates for safe drivers takes a little more effort in order to find the lowest price quote. Each auto insurer has a proprietary formula to determine premium rates, so we'll take a look at the auto insurance companies that tend to have lower prices in Jersey City, NJ.
It's important that readers know that Jersey City auto insurance rates are influenced by many factors which can significantly increase or decrease your annual premium. Improving your credit score, marrying your spouse, or getting a couple of tickets can trigger rate changes that can cause some rates to be more affordable than others.
Lowest Insurance Price Quotes for Safe Drivers
|Rank||Company||Cost Per Year|
|3||New Jersey Manufacturers||$1,271|
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21st Century quotes some of the best car insurance rates in Jersey City at around $1,111 annually. This is $741 less than the average rate paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades also are some of the cheapest Jersey City, NJ car insurance companies.
In the rate table above, if you currently have coverage with Penn National and switched to 21st Century, you might see a yearly price reduction of roughly $268. Insureds with Palisades might save as much as $284 a year, and Allstate policyholders might see rate reductions of $382 a year.
To find out how your current rates compare, click here to get quotes or visit several of the following companies.
Be aware that those rates are averages across all drivers and vehicles in New Jersey and and are not calculated with a vehicle location for safe drivers. So the car insurance company that is most affordable for your situation may not even be in the top 19 companies in the list above. That illustrates why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.
Discounts on Jersey City insurance rates
Insurance providers that provide coverage for safe drivers may additionally offer special discounts that can reduce rates by as much as 40% or more if you can meet the requirements. A list of auto insurance companies and some of their more popular discounts can be found below.
- State Farm may include discounts for student away at school, anti-theft, good driver, safe vehicle, passive restraint, multiple policy, and good student.
- GEICO may offer discounts for defensive driver, anti-lock brakes, anti-theft, daytime running lights, multi-vehicle, and emergency military deployment.
- Liberty Mutual offers discounts including multi-car, new move discount, newly retired, new graduate, exclusive group savings, and new vehicle discount.
- The Hartford may have discounts that include driver training, vehicle fuel type, bundle, air bag, and good student.
- MetLife offers discounts for good student, defensive driver, claim-free, good driver, accident-free, and multi-policy.
- Progressive offers premium reductions for online signing, multi-policy, homeowner, online quote discount, continuous coverage, multi-vehicle, and good student.
The diagram below shows the comparison of insurance premiums with and without discounts applied to the policy premium. The rate quotes are based on a male driver, a clean driving record, no at-fault accidents, New Jersey state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with passive restraint, marriage, defensive driving course, anti-theft, multiple vehicle, and vehicle safety discounts applied. When discounts are factored in, theamount saved on auto insurance for safe drivers is 28% or $686.
The example below highlights how deductible selection can influence insurance costs when quoting cheap insurance for safe drivers. The rate quotes are based on a single male driver, full coverage, and no discounts are applied.
In the chart above, a 30-year-old driver could lower their policy premium by $532 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $802 by switching to a $1,000 deductible. Younger drivers, like the 20-year-old example, could potentially save as much as $1,560 or even more by using a higher deductible. When choosing a higher deductible, it will be necessary to have enough in a savings account to enable you to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Liability only or full coverage
Finding cheaper auto insurance is probably important to the majority of people, and one of the fastest ways to find cheaper insurance for safe drivers is to not buy comprehensive and collision coverage. The example below compares car insurance costs when comparing full coverage to liability only. The costs are based on no claims or driving citations, $250 deductibles, drivers are not married, and no discounts are applied.
If we average the cost for all age groups, full coverage costs $3,363 per year more than insuring for liability only. That may make you wonder if physical damage coverage is worth the money. There is no written rule for eliminating physical damage coverage, but there is a general guideline. If the yearly cost of full coverage is more than around 10% of replacement cost minus your deductible, then it may be the right time to buy liability only.
For example, let's pretend your vehicle's replacement value is $12,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company would pay you is $11,000 after paying your policy deductible. If it's costing you more than $1,100 a year for physical damage coverage, then it might be time to consider dropping full coverage.
How to find budget-friendly auto insurance for safe drivers
It is possible to find better rates, and here are some of the better penny-pinching ideas that can help Jersey City drivers get lower-cost coverage.
- Improve your credit
- Avoid having at-fault accidents
- Lower rates by purchasing a safer vehicle
- Don't have frequent claims
- Drive safely
- Shop around for cheaper prices often
The last idea is extremely valuable, as we pointed out in this article. Prices charged by car insurance companies in Jersey City change constantly, so drivers shouldn't be reluctant to switch companies if a cheaper rate is available. Having a favorite company is great, but it's not recommended if that loyalty ends up costing major coinage every year. It only takes a couple minutes to shop around to find cheaper insurance for safe drivers.
If you have questions and prefer to have the advice of a professional agent when shopping for cheaper insurance for safe drivers, the insurance agencies below can probably help you make a decision which car insurance company is the best fit. To locate a Jersey City insurance agent close to you, click the link after the list.
GG Insurance - Independent Insurance Agent
270 Marin Boulevard, Metropolis Towers Suite #14D - Jersey City, NJ 07302 - (800) 801-0394
Diaz Insurance Agency
815 Bergenline Ave - Union City, NJ 07087 - (201) 348-1288
ABL Insurance Services
910 Bergen Ave # 307 - Jersey City, NJ 07306 - (201) 222-1314
Royale Insurance Agency
2184 John F. Kennedy Blvd - Jersey City, NJ 07305 - (201) 656-1800