Cheapest Auto Insurance for a Company Car in New Jersey

When shopping for insurance for your employer’s vehicle, one of the many things used to establish the cost of insurance is your address in New Jersey. Urban areas that are densely populated like West New York, East Orange, and Elizabeth likely pay more, whereas less populated areas have the benefit of the cheapest car insurance for a company car in New Jersey.

The illustration below illustrates the most expensive cities in New Jersey for a company car to purchase a policy in.

Premium amounts are comparative as specific New Jersey garaging address can modify coverage prices greatly.

Comparing rates for low-cost car insurance is not always easy, and deciding which company quotes the lowest-priced car insurance rates for a company car may require a bit more work.

Each company has a different formula to determine rates, so we’ll go over the most affordable car insurance companies in New Jersey. It’s important to understand that New Jersey car insurance rates are influenced by many factors which can substantially change the policy premium. Improving your credit score, having a teen driver, or getting a few speeding tickets may prompt premium changes that may make certain companies more affordable than competitors.

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21st Century may have some of the cheapest car insurance rates in New Jersey at around $1,111 a year. Travelers, New Jersey Manufacturers, Penn National, and Palisades also are some of the best New Jersey car insurance companies.

As illustrated above, if you currently have coverage with Penn National and switched to 21st Century, you may realize an annual premium reduction of about $268. Drivers with Palisades could save as much as $271 a year, and California Casualty insureds might realize rate reductions of up to $326 a year.

To discover how much you can save, click here to start your free quote or visit several of the following companies.

Be aware that those estimates are averaged across all drivers and vehicles and do not take into consideration a rate discount for a company car. So the insurer that fits your needs best may not even be featured in the list above. That affirms the importance of why you need to get auto insurance quotes using your own specific driver information and vehicle.

Discount New Jersey insurance rates

<img class="shadow floatright" src="http://www.quoteclickinsure.com/blog/wp-content/uploads/best-car-insurance-company-car-nj.jpg" alt="Cheaper New Jersey car insurance for your employer’s vehicle” />Insurance providers that offer the cheapest car insurance for a company car in New Jersey could also offer rate discounts that can lower rates by as much as 30% if you meet specific criteria. Large car insurance companies and a summarized list of policyholder discounts are outlined below.

The illustration below compares auto insurance rates with and without policy discounts. The costs 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 $100 deductibles.

The first bar for each age group shows premium with no discounts. The lower bar shows the rates with safe-driver, multiple policy, vehicle safety, marriage, multiple vehicle, and accident-free discounts applied. In this example, the the amount saved on car insurance for a company car is 38% or $620.

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Who is cheaper: Progressive, Geico, State Farm, or Allstate?

When comparing auto insurance for your employer’s vehicle in New Jersey, some of the first companies to look at are Progressive, Geico, State Farm, and Allstate. If you combine them together, they insure almost half of all vehicles in the U.S.. All four can cover your vehicle for liability and physical damage, but each one has a distinct set of features and optional coverages that may influence your buying decision. The data below illustrates ratings for price, service, and claims, in additional to some of the optional coverages offered by each one.