For older drivers, one of the more important considerations that are looked at to determine car insurance rates is where you choose to live. Areas with high crime rates or more dense population tend to pay more, whereas areas with fewer weather claims and lower vehicle theft rates can boast about having cheaper rates.
The next table rates the highest-priced areas in New Jersey for drivers over age 50 in which to purchase auto insurance. Jersey City makes the list at #10 having an annual price of $2,276 for the average insured, which is about $190 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Newark | $2,522 |
| 2 | East Orange | $2,521 |
| 3 | West New York | $2,506 |
| 4 | Paterson | $2,472 |
| 5 | Elizabeth | $2,470 |
| 6 | Passaic | $2,371 |
| 7 | Union City | $2,354 |
| 8 | Hoboken | $2,307 |
| 9 | Kearny | $2,289 |
| 10 | Jersey City | $2,276 |
| 11 | Clifton | $2,276 |
| 12 | Bayonne | $2,184 |
| 13 | Linden | $2,163 |
| 14 | Camden | $2,133 |
| 15 | Perth Amboy | $2,102 |
| 16 | Atlantic City | $2,086 |
| 17 | Fort Lee | $2,060 |
| 18 | Trenton | $1,974 |
| 19 | Plainfield | $1,956 |
| 20 | Hackensack | $1,940 |
| 21 | Sayreville | $1,939 |
| 22 | Lakewood | $1,874 |
| 23 | New Brunswick | $1,856 |
| 24 | Vineland | $1,788 |
| 25 | Toms River | $1,691 |
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Information shown are comparative as vehicle location can modify prices considerably.
Finding budget insurance is challenging, and deciding which companies quote the best auto insurance rates for drivers over age 50 requires additional perseverance. Each auto insurance company uses a different method to establish rates, so let’s take a look at the auto insurance companies with the overall cheapest rates in Jersey City.
It’s important to know that Jersey City, NJ auto insurance rates are determined by lots of factors which can substantially change the cost of your policy. Simply getting older, increasing deductibles, or getting a couple of tickets can trigger changes in premium that can now make some companies more expensive than competitors.
Best Car Insurance Prices for Age 50+
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | 21st Century | $1,067 |
| 2 | Travelers | $1,145 |
| 3 | New Jersey Manufacturers | $1,310 |
| 4 | Penn National | $1,366 |
| 5 | Palisades | $1,395 |
| 6 | California Casualty | $1,451 |
| 7 | Allstate | $1,478 |
| 8 | The Hartford | $1,491 |
| 9 | USAA | $1,600 |
| 10 | Mercury | $1,603 |
| 11 | Amica | $1,832 |
| 12 | Esurance | $1,856 |
| 13 | MetLife | $1,932 |
| 14 | Progressive | $1,938 |
| 15 | State Farm | $2,182 |
| 16 | GEICO | $2,196 |
| 17 | Encompass | $2,303 |
| 18 | Liberty Mutual | $2,890 |
| 19 | Hanover | $3,869 |
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21st Century offers some of the lowest car insurance rates in Jersey City at around $1,067 each year. This is $785 less than the average policy premium paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades would also be considered some of the lowest-priced Jersey City, NJ insurance companies.
In the rate table above, if you currently have coverage with Penn National and switched to Travelers, you might realize an annual premium reduction of approximately $221. Customers with Palisades may save as much as $250 a year, and California Casualty insureds might cut rates by $306 a year.
To compare your rates to other New Jersey insurance companies, click here to begin a quote or quote rates from the companies below.
It’s important to note that these rates are averaged for all drivers and vehicles and do not take into consideration an exact zip code location for drivers over age 50. So the company that can offer you the best rate may not even be in the top 19 companies in the list above. That’s why you need to get car insurance quotes using your own driver and vehicle profiles.
The vehicle requiring coverage is one of the largest considerations when looking for the best coverage for drivers over age 50. Vehicles with limited top-end speed, good crash test ratings, or a positive history of liability claims will cost much less to insure than higher performance models. The next table shows coverage rates for some of the most affordable vehicles to insure.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $1,405 |
| Ford Escape XLT 2WD | $1,411 |
| Honda Odyssey LX | $1,542 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $1,547 |
| Toyota Prius | $1,559 |
| Dodge Grand Caravan CV | $1,575 |
| Ford Focus SE 4-Dr Sedan | $1,631 |
| Volkswagen Jetta 2.0T Station Wagon | $1,645 |
| Toyota RAV4 2WD | $1,664 |
| Chevrolet Malibu LS | $1,673 |
| Ford Explorer Limited AWD | $1,696 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $1,706 |
| Honda Civic EX 4-Dr Sedan | $1,717 |
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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, safe-driver, claim-free, and homeowner. Premium amounts do not factor in specific location which can lower or raise premium rates substantially.
Based upon the table data, you can presume that vehicles like the Honda CR-V, Ford Escape, Honda Odyssey, Jeep Wrangler, and Toyota Prius will definitely be a few of the most budget-friendly vehicles to insure for older drivers.
Best auto insurance company in Jersey City
Choosing the best insurance company can be rather challenging considering how many companies sell insurance in New Jersey. The company information below may help you pick which providers you want to consider when looking for cheaper rates. These rankings are only comprised of insurance companies that insure vehicles in the majority of U.S. states, so companies that only write business in New Jersey or surrounding areas are not taken into consideration for this list.
Top 10 Large Auto Insurance Providers Overall in Jersey City
- Mercury Insurance
- The Hartford
- Progressive
- Travelers
- State Farm
- Farmers Insurance
- Safeco Insurance
- USAA
- GEICO
- 21st Century
Top 10 Large Auto Insurance Providers in Jersey City Ranked by Customer Service
- Mercury Insurance
- The Hartford
- American Family
- Progressive
- GEICO
- USAA
- State Farm
- Travelers
- Farmers Insurance
- Allstate
Rate difference between full and liability-only coverage
Buying cheaper auto insurance is important to most people, and an effective way to reduce the cost of insurance for drivers over age 50 is to not pay for full coverage. The diagram below illustrates the comparison of premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premium estimates are based on a clean driving record, no claims, $100 deductibles, drivers are single, and no discounts are applied.
If averaged out across all ages, full coverage on your policy costs $3,679 per year over and above liability coverage. At some point, almost every driver questions if you should buy full coverage. There is no exact rule that is best for determining when to drop comp and collision coverage, but there is a guideline you can use. If the yearly cost of full coverage is about 10% or more of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
For example, let’s pretend your vehicle’s replacement cost is $8,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would get paid by your company is $7,000 after paying your deductible. If it’s costing in excess of $700 annually to have full coverage, then it’s probably a good time to buy liability coverage only.
Discounts on Jersey City auto insurance rates
Auto insurance companies that offer cheap quotes for drivers over age 50 may also give you price discounts that can lower rates by as much as 30% if you are eligible to receive them. Larger auto insurance companies and some of the discounts can be read below.
- Farmers Insurance has savings for alternative fuel, mature driver, business and professional, homeowner, and teen driver.
- Esurance includes discounts for defensive driver, good student, Pac-12 alumni, paid-in-full, and DriveSense.
- State Farm may offer discounts for accident-free, anti-theft, defensive driving training, passive restraint, student away at school, good student, and good driver.
- GEICO has discounts for federal employee, multi-vehicle, emergency military deployment, five-year accident-free, defensive driver, and driver training.
- Allstate offers premium reductions for early signing, eSmart discount, multi-policy, farm vehicle, passive restraint, auto/life discount, and safe driver.
The information below illustrates the comparison of auto insurance costs with and without discounts applied. The information is based on a female driver, no violations or claims, New Jersey state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with multiple vehicle, accident-free, marriage, safe-driver, passive restraint, and claim-free discounts applied. When these discounts are applied, theamount saved on auto insurance for drivers over age 50 is 29% or $690.