Finding good, cost effective insurance is not the easiest thing to accomplish, and determining which company offers the lowest-priced car insurance rates for a learners permit will require even more shopping around. Policy rates will probably be quite a bit more expensive than the average price in New Jersey, with the increase attributed to the higher likelihood of claims that comes with selling insurance for new drivers, but affordable insurance should be achievable if you carefully shop around. Every auto insurer uses slightly different criteria for determining rates, so we need to take a look at the car insurance companies with the overall cheapest rates in New Jersey.
Keep in mind that New Jersey car insurance rates are influenced by many factors that will increase or decrease the cost of having a policy. Simply having a birthday, adding a teenager to your policy, or having an accident can trigger changes in premium that can now make some companies much higher than others.
Find the Cheapest Auto Insurance in New Jersey
Rank | Company | Cost Per Year |
---|---|---|
1 | 21st Century | $1,111 |
2 | Travelers | $1,156 |
3 | New Jersey Manufacturers | $1,271 |
4 | Penn National | $1,325 |
5 | Palisades | $1,395 |
6 | Allstate | $1,478 |
7 | California Casualty | $1,481 |
8 | The Hartford | $1,536 |
9 | USAA | $1,585 |
10 | Mercury | $1,587 |
11 | Amica | $1,832 |
12 | Esurance | $1,894 |
13 | MetLife | $1,932 |
14 | Progressive | $1,938 |
15 | GEICO | $2,196 |
16 | State Farm | $2,226 |
17 | Encompass | $2,303 |
18 | Liberty Mutual | $2,920 |
19 | Hanover | $4,027 |
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21st Century has some of the best car insurance rates in New Jersey at around $1,111 each year. Travelers, New Jersey Manufacturers, Penn National, and Palisades would also be considered some of the more affordable New Jersey car insurance companies.
As the example above demonstrates, if you have coverage with Travelers and switched to 21st Century, you might see annual savings of approxmiately $45. Insureds with New Jersey Manufacturers may save as much as $160 a year, and Penn National customers might see rate reductions of $214 a year.
Bear in mind that those prices are averages across all types of drivers and the different vehicles they drive and are not factoring in a price surcharge for a learners permit. So the auto insurance company that fits you best may not even be included in the chart above. That point stresses why you need to get car insurance quotes using your own specific driver information and vehicle.
The vehicle model you are buying coverage for is one of the largest factors that determines if you can find the most affordable insurance for a learners permit. Vehicles with lower performance, good safety features, or low incidents of liability claims will cost quite a bit less to insure than fast, unsafe models. The information below outlines coverage rates for a selection of the most budget-friendly automobiles to buy insurance for.
Vehicle | Estimated Cost for Full Coverage |
---|---|
Ford Escape XLS 4WD | $7,273 |
Honda CR-V EX 4WD | $7,365 |
Honda Accord EX-L 4-Dr Sedan | $7,918 |
Chevrolet Traverse LT AWD | $8,007 |
Toyota Prius | $8,017 |
Hyundai Tucson GLS 4WD | $8,090 |
Dodge Grand Caravan SE | $8,098 |
Ford Explorer XLT 2WD | $8,090 |
Subaru Forester X Limited Edition AWD | $8,099 |
Ford F-150 STX Super Cab 4WD | $8,179 |
Honda Odyssey EX W/Rear Entertainment | $8,550 |
Ford Edge SEL 2WD | $8,559 |
Volkswagen Jetta 2.0T Station Wagon | $8,556 |
Toyota RAV4 Limited 4WD | $8,642 |
Hyundai Santa Fe GLS 4WD | $8,652 |
Chevrolet Malibu Hybrid | $8,642 |
Jeep Grand Cherokee Laredo 2WD | $8,651 |
Dodge Ram Quad Cab ST 2WD | $8,723 |
Subaru Outback 3.6R Premium | $8,732 |
Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $8,739 |
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Cost estimates assume single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in vehicle garaging location which can modify auto insurance rates considerably.
By looking at the data, you can presume that cars like the Ford Escape, Honda CR-V, Honda Accord, and Chevrolet Traverse are going to be the less-costly vehicles to insure for new drivers. The cost of auto insurance will tend to be more expensive anyway just because there is more exposure for a learners permit, but generally speaking those makes and models will most likely have the cheapest auto insurance rates compared to all other vehicles.
For new drivers, one of the big components that establish auto insurance rates is where you keep your vehicle in New Jersey. Areas that are more densely populated like Newark, Paterson, and Elizabeth are more likely to pay higher prices, whereas areas with less congestion have the luxury of the cheapest car insurance for a learners permit in New Jersey.
The illustration below rates the most expensive cities in New Jersey for a learners permit to buy an auto insurance policy in.
Rank | City | Annual Rate |
---|---|---|
1 | Newark | $2,522 |
2 | East Orange | $2,495 |
3 | Paterson | $2,448 |
4 | West New York | $2,431 |
5 | Elizabeth | $2,398 |
6 | Union City | $2,378 |
7 | Hoboken | $2,353 |
8 | Jersey City | $2,345 |
9 | Kearny | $2,335 |
10 | Passaic | $2,301 |
11 | Clifton | $2,276 |
12 | Camden | $2,221 |
13 | Bayonne | $2,207 |
14 | Perth Amboy | $2,165 |
15 | Linden | $2,121 |
16 | Atlantic City | $2,086 |
17 | Fort Lee | $2,060 |
18 | Hackensack | $1,980 |
19 | Trenton | $1,954 |
20 | Plainfield | $1,898 |
21 | Sayreville | $1,882 |
22 | New Brunswick | $1,875 |
23 | Lakewood | $1,819 |
24 | Vineland | $1,806 |
25 | Toms River | $1,674 |
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Price information shown is comparative as vehicle location can influence premium rates considerably.
Picking a highly-rated car insurance provider is hard considering how many companies sell coverage in New Jersey. The information displayed below could help you analyze which coverage providers to look at purchasing coverage from.
The ratings below are for companies with a nationwide focus, so companies without a large exposure are not factored into these rankings. To compare prices from these and other companies in New Jersey, click here.
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
It is possible to find better rates, and here are a few thrifty suggestions that can help New Jersey drivers locate cheaper auto insurance.
The last suggestion is extraordinarily crucial, as was noted in the prior article. Coverage rates in New Jersey vary considerably, so you should be ready to switch companies if you can find a cheaper rate. Many drivers tend to have loyalty to a certain company, but we do not recommend it if it’s costing you a fortune every year. If you have a few minutes, now is a great time to compare prices to find cheaper car insurance for a learners permit.