Who Has the Cheapest Jersey City Auto Insurance for High Risk Drivers?

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The make and model of vehicle you are trying to insure is probably the most important factor when consumers are trying to find low-cost auto insurance for high risk drivers. Vehicles with limited speed and performance, advanced safety features, or a track record of few liability claims will cost substantially less to insure than high performance models. The information below features coverage costs for a number of the cheaper automobiles to insure.

Cheapest Vehicles to Insure in Jersey City, NJ
Vehicle Estimated Cost for Full Coverage
Ford Escape XLS 2WD $5,262
Honda CR-V EX-L 4WD $5,322
Honda Accord LX-P 4-Dr Sedan $5,644
Toyota Prius $5,663
Dodge Grand Caravan SE $5,954
Honda Odyssey LX $6,165
Nissan Altima 2.5 4-Dr Sedan $6,234
Toyota Tacoma Double Cab TRD Sport Package 4WD $6,295
Honda Civic LX 4-Dr Sedan $6,454
Ford Edge Sport 2WD $6,514
Toyota RAV4 Limited 4WD $6,525
Volkswagen Jetta LE 4-Dr Sedan $6,535
Ford Fusion SEL 4-Dr Sedan $6,575
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Table data assumes single female driver age 50, two speeding tickets, two at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, homeowner, and multi-policy. Estimates do not factor in vehicle garaging location which can change insurance rates substantially.

Looking at the numbers, you can conclude that vehicles like the Ford Escape, Honda CR-V, and Honda Accord are most likely going to be some of the most budget-friendly vehicles to insure for high risk drivers. Prices will be more costly because there is more risk for high risk drivers, but generally speaking those particular models will have the cheapest rates compared to other vehicles.

One of the many components that are used to help calculate insurance cost is where you keep your vehicle in Jersey City. Cities with more crime and/or more people tend to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims get the luxury of paying less.

The following table shows the most expensive cities in New Jersey for high risk drivers to purchase a policy in. Jersey City is ranked at #10 with an annual premium of $2,322 for the average insurance policy, which is approximately $194 each month.

How much does auto insurance cost in Jersey City?
Rank City Annual Premium
1 Newark $2,522
2 East Orange $2,521
3 West New York $2,506
4 Elizabeth $2,470
5 Paterson $2,448
6 Union City $2,378
7 Kearny $2,358
8 Hoboken $2,353
9 Passaic $2,325
10 Jersey City $2,322
11 Clifton $2,299
12 Bayonne $2,207
13 Linden $2,163
14 Camden $2,155
15 Fort Lee $2,123
16 Perth Amboy $2,081
17 Atlantic City $2,024
18 Plainfield $1,956
19 Hackensack $1,921
20 Trenton $1,916
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Price information shown is estimated as the specific geographic location can impact premiums substantially.

Comparing quotes for budget insurance is confusing at best, and figuring out which company quotes the best insurance rates for high risk drivers may require even more perseverance. Each company has their own process to establish rates, so we need to take a look at the most competitive insurance companies in Jersey City, NJ.

It's a good idea to know that Jersey City, NJ insurance rates are impacted by many factors that will increase or decrease the cost of having a policy. Events like a birthday, marrying your spouse, or getting a ticket for careless driving can trigger rate changes that may make certain companies affordable when they were higher priced.

Lowest Insurance Price Quotes for Risky Drivers

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New Jersey car insurance ranked by cost per year
Rank Company Cost Per Year
1 21st Century $1,078
2 Travelers $1,180
3 New Jersey Manufacturers $1,258
4 Penn National $1,338
5 Palisades $1,382
6 California Casualty $1,437
7 The Hartford $1,476
8 Allstate $1,478
9 USAA $1,553
10 Mercury $1,603
11 Esurance $1,856
12 Progressive $1,862
13 Amica $1,887
14 MetLife $2,010
15 State Farm $2,226
16 GEICO $2,262
17 Encompass $2,303
18 Liberty Mutual $2,890
19 Hanover $3,869
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21st Century quotes some of the best car insurance rates in Jersey City at around $1,078 annually. This is $774 less than the average premium paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades would also be considered some of the cheaper Jersey City, NJ auto insurance companies.

As shown in the rates above, if you are a policyholder with Palisades and switched to Travelers, you could see a yearly price reduction of roughly $202. Insureds with California Casualty may save as much as $257 a year, and The Hartford customers might reduce rates by $296 a year.

Be aware that those prices are averaged across all drivers and vehicles and do not factor in an exact vehicle garaging location for high risk drivers. So the company that can offer you the best price may not even be in the top 19 companies shown above. That's why you need to get auto insurance quotes using your own driver and vehicle profiles.

The diagram below shows how choosing a deductible can raise or lower insurance rates when trying to find cheap insurance for high risk drivers. The prices are based on a married female driver, comp and collision included, and no additional discounts are factored in.

The chart above illustrates that a 40-year-old driver could cut expenses by $328 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $496 by selecting a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could drop their prices as much as $814 each year just by choosing larger deductibles. If you do raise deductibles, it will be necessary to have enough funds in savings to allow you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

Insuring your vehicle with a highly-rated insurance provider can be challenging considering how many different companies insure vehicles in New Jersey. The company information shown next may help you pick which insurers you want to consider comparing rates from.

The ratings below are for companies who write in the majority of U.S. states, so companies that only write business in New Jersey or surrounding areas will not be included in the list. To compare rates from the most competitive companies in New Jersey, click here.

Top Insurance Companies for High Risk Drivers 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
Esurance 70 80 89 77% A+ 79.2
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Data Source: Insure.com Best Car Insurance Companies

Low rates can quickly become overpriced

Jersey City insurance rates are based on many factors which can substantially decrease or increase the cost of a policy. Simply turning a year older, increasing liability limits, or getting a ticket for running a stop sign can produce rate changes that may make certain companies cheaper than before.

In addition, auto insurance companies change the rates they charge in New Jersey as often as every three months in order to remain profitable. An extended period of higher than normal claims may cause price increases, while long-term profits may result in lower-priced Jersey City car insurance rates.

To help illustrate this point, the data below shows the cheapest car insurance in Jersey City, NJ for a 45-year-old male driver with a clean driving record, no accidents, and great credit. Based on his current situation, 21st Century has the most affordable car insurance rates in Jersey City at $1,510 each year. This is $342 less than the average policy premium paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades are the rest of the best Jersey City, NJ auto insurance companies.

The example below compares rates after we give the driver from the first example a claim, bad credit, and a speeding ticket. Due to the fact that each insurance company has their own unique process to set their prices, comparing quotes may result in a different set of the cheapest Jersey City car insurance companies as shown below.

The Hartford now has the best auto insurance rate in Jersey City with Allstate, Travelers, USAA, and Mercury also being competitive. This example proves why it is important to perform a complete rate comparison to get the most budget-friendly insurance rates for high risk drivers. Auto insurance prices are influenced by many risk factors and can change substantially, so the best option the last time you shopped your coverage around may now be costing you a lot of money.