Who Has the Cheapest Car Insurance for Nurses in New Jersey?

Everyone has different tastes in autos, and the style of vehicle driven is probably the largest consideration when shopping for affordable insurance for nurses. Vehicles with higher performance characteristics, a lack of safety features, or a track record of large liability claims will cost substantially more to insure than safer, lower-performance models.

The tables below illustrates insurance rates for a number of the most affordable vehicles to insure in New Jersey.

Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Estimates do not factor in your specific New Jersey location which can increase or decrease rates greatly.

Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Table data does not factor in specific location which can influence auto insurance rates substantially.

Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Price estimates do not factor in specific zip code location which can revise auto insurance rates significantly.

Determining which company offers the lowest-priced car insurance rates for nurses involves more time in order to find the lowest price. Each auto insurer uses different criteria for filing rates in each state, so we’ll go over the car insurance companies that tend to be cheaper in New Jersey.

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21st Century quotes some of the best car insurance rates in New Jersey at around $1,067 per year. Travelers, New Jersey Manufacturers, Penn National, and Palisades also make the cut as some of the most economical New Jersey auto insurance companies.

As the rates illustrate above, if you currently have a policy with Travelers and switched to 21st Century, you might realize annual savings of upwards of $124. Policyholders with New Jersey Manufacturers might save as much as $191 a year, and Penn National insureds might see rate reductions of $258 a year.

Bear in mind that those premiums are averaged across all ages of drivers and types of vehicles and and are not calculated with a rate decrease for nurses. So the auto insurance company that can offer the best rates for your situation may not even be included in the above rate chart. That helps illustrate why you need to get rate quotes using your own specific driver information and vehicle.

Full coverage rates compared to liability-only

Finding the cheapest auto insurance for nurses in New Jersey is probably important to most drivers, and one good way to save on the cost of insurance is to not buy comprehensive and collision coverage. The information below shows the comparison of insurance prices when comparing full coverage to liability only. The premiums are based on no accidents, no driving violations, $250 deductibles, marital status is single, and no discounts are applied.

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If we average all the age groups together, physical damage coverage on your policy costs $3,363 per year more than just buying liability insurance. Many drivers will wonder if buying full coverage is a good investment. There is no exact formula of when to phase out full coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is more than about 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

Get discount New Jersey auto insurance rates

Auto insurance companies that offer the cheapest auto insurance for nurses in New Jersey may also provide special discounts that could lower prices by 40% or more if you meet specific criteria. Larger car insurance companies and some of their more popular discounts are detailed below.

• State Farm may offer discounts for student away at school, accident-free, multiple policy, passive restraint, and good driver.
• Esurance offers discounts including Switch & Save, anti-theft, good student, multi-policy, Pac-12 alumni, and claim free.
• Progressive has discounts for multi-policy, good student, continuous coverage, multi-vehicle, online signing, homeowner, and online quote discount.
• Liberty Mutual includes discounts for multi-policy, new move discount, newly married, safety features, good student, and preferred payment discount.
• Auto-Owners Insurance has savings for paid in full, anti-theft, anti-lock brakes, company car, multiple vehicles, and group or association.
• GEICO may have discounts that include membership and employees, federal employee, military active duty, driver training, five-year accident-free, multi-policy, and daytime running lights.

The diagram below illustrates the comparison of auto insurance costs with and without discounts. The prices are based on a male driver, a clean driving record, no at-fault accidents, New Jersey state minimum liability limits, full coverage, and $500 deductibles.

The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with marriage, defensive driving course, accident-free, multiple policy, passive restraint, and multiple vehicle discounts applied. With discounts applied, the average savings per year on car insurance for nurses is 28% or $628.

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How to get the cheapest auto insurance for nurses in New Jersey

The list below summarizes some of the recommended thrifty solutions that can help New Jersey drivers find lower-cost car insurance.

• Save money by only buying liability coverage for older vehicles
• Avoid accidents and claims
• Frequent claims will increase rates
• Vehicles with safetly features generally cost less to insure
• Bundle car and home insurance and save money
• Maintain a clean driving record
• Compare price quotes at least once a year

The last tip is certainly significant, as was emphasized in the article above. Auto insurance prices in New Jersey fluctuate constantly, so drivers shouldn’t hesitate to buy from a new company if a cheaper price is available. Loyalty to a specific company is fine, but we do not recommend it if that dedication is costing thousands of dollars over the life of your policy. It only take a few minutes to shop around and find cheaper insurance for nurses.