Who Has the Cheapest Car Insurance for Real Estate Agents in New Jersey?

Finding out which company has the most affordable car insurance rates for real estate agents will require a little more effort than just comparing a company or two.

Each insurer uses a different method to set policy rates, so let’s take a look at the lowest cost car insurance companies in New Jersey. Keep in mind that New Jersey car insurance rates are based on many factors which can significantly increase or decrease the price you pay for coverage. Improving your credit score, moving to a new city, or having an at-fault accident can trigger changes in premium that can cause some rates to be more affordable than before.

Best Insurance Companies for Realtors

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21st Century may have some of the cheapest car insurance rates in New Jersey at around $1,100 per year. Travelers, New Jersey Manufacturers, Penn National, and Palisades also qualify as some of the cheaper New Jersey auto insurance companies.

As illustrated above, if you are a customer of Palisades and switched to Travelers, you could see an annual savings of roughly $202. Customers with California Casualty might save as much as $257 a year, and Allstate policyholders might reduce prices by as much as $298 a year.

To see how much you can save, click here to get quotes or click several companies below for low rates.

Be aware that those premium estimates are averages for all insureds and vehicles and do not factor in a price discount for real estate agents. So the auto insurance company that can offer the best rates for your situation may not even be included in the list of companies above. That affirms the importance of why you need to compare rates from multiple companies using your own driver information and specific vehicle type.

One of the key components that is used to help calculate rate quotes is your address. Areas with more people or more claims like Newark, West New York, and Elizabeth tend to pay more, whereas areas with fewer weather claims and lower vehicle theft rates tend to receive cheaper rates.

The next table lists the highest-priced places in New Jersey for real estate agents to purchase a policy in.

Premium amounts are estimated as the specific garaging location can influence premium rates noticeably.

The type of vehicle requiring insurance is one of the biggest factors when shopping around for the cheapest auto insurance for real estate agents in New Jersey. Vehicles with high performance, poor safety ratings, or a history of substantial liability claims will cost quite a bit more to insure than safer, lower-performance models. The list below shows auto insurance rates for some of the most economical automobiles to insure in New Jersey.

Data assumes married female driver age 50, 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. Table data does not factor in specific location information which can increase or decrease price quotes greatly.

Based on these rates, makes and models like the Honda CR-V, Ford Escape, Dodge Grand Caravan, and Chevrolet Traverse are most likely to be the cheapest vehicles to insure for realtors.

How to find a good New Jersey car insurance company

Picking the right car insurance provider can be difficult considering how many different insurance companies sell coverage in New Jersey. The rank data shown next could help you decide which auto insurers to look at when comparing rate quotes. These ratings are for companies that insure vehicles across America, so companies that may only write in New Jersey are not included in these rankings.

Top 10 Major Auto Insurance Companies in New Jersey Ranked by Customer Satisfaction

1. The Hartford – 93%
2. Progressive – 90%
3. 21st Century – 89%
4. Mercury Insurance – 87%
5. Travelers – 87%
6. State Farm – 87%
7. USAA – 87%
8. Safeco Insurance – 86%
9. AAA Insurance – 86%
10. GEICO – 85%

Top 10 Major Auto Insurance Companies in New Jersey Ranked by Value

1. The Hartford
2. Mercury Insurance
3. Farmers Insurance
4. Safeco Insurance
5. AAA Insurance
6. 21st Century
7. Travelers
8. State Farm
9. Progressive
10. American Family

The information below illustrates how your deductible choice can influence insurance costs when searching for cheap insurance for real estate agents. The data is based on a married female driver, comp and collision included, and no discounts are applied.

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The data above shows that a 30-year-old driver could cut expenses by $456 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $690 by using a $1,000 deductible. Young drivers, such as the Age 20 example, could lower their rates $976 every year just by choosing larger deductibles.

When choosing a higher deductible, it is a good idea to have enough in a savings account to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

How to get the cheapest auto insurance for real estate agents in New Jersey

The list below details a few money-saving suggestions that can help drivers quote cheaper auto insurance.

• Remain accident-free and save
• Do not get traffic violations
• Too many claims can make car insurance unaffordable
• Assess whether full coverage is needed
• Higher deductibles save money
• Shop your coverage around for the best deal

That last piece of advice is highly crucial, as we hit on in the prior article. Coverage rates in New Jersey adjust often, so you should be ready to buy from a new company if you find a better deal.

Having a favorite company is great, but it isn’t a good idea if that loyalty ends up costing a considerable chunk of change every month. In less than five minutes you could compare rates and find cheaper car insurance for real estate agents.