The make and model of vehicle that is being insured is probably the most important factor when comparison shopping for the cheapest coverage for 17 year olds. Vehicles with limited speed and performance, good safety features, or a positive history of liability claims will cost less to insure than high performance models.
The information below presents car insurance rates for some of the more affordable automobiles to buy insurance for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 4WD | $1,632 |
| Ford Edge SEL AWD | $1,691 |
| Honda Odyssey EX W/Rear Entertainment | $1,700 |
| Honda Civic DX 4-Dr Sedan | $1,691 |
| Toyota Tacoma Double Cab 4WD | $1,724 |
| Chevrolet Equinox LT AWD | $1,732 |
| Ford Escape Limited 4WD | $1,735 |
| Ford F-150 FX4 4WD | $1,757 |
| Toyota Prius | $1,773 |
| Ford Focus SES 4-Dr Sedan | $1,784 |
| Chevrolet Silverado LS Regular Cab 4WD | $1,811 |
| Toyota Camry SE | $1,816 |
| GMC Sierra 3500HD SLE Extended Cab 2WD | $1,882 |
| Nissan Altima 2.5 4-Dr Sedan | $1,884 |
| Chevrolet Malibu Hybrid | $1,893 |
| Toyota RAV4 Limited 2WD | $1,884 |
| Jeep Wrangler Unlimited Rubicon 4WD 4-Dr | $1,901 |
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Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Price information does not factor in garaging location in Jersey City, NJ which can alter auto insurance rates substantially.
Based upon these rates, we can tell that vehicles like the Honda CR-V, Ford Edge, Honda Odyssey, and Honda Civic are most likely going to be the less-costly vehicles to insure for teen drivers.
For teen drivers, one of the largest components that determine car insurance rates is where you live. Areas with more people or even just a higher incidence of claims will most likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of cheap car insurance rates.
The table below ranks the highest-priced places in New Jersey for 17 year olds to buy an auto insurance policy in. Jersey City comes in at #11 with an annual cost of $2,253 for coverage, which is around $188 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Newark | $2,598 |
| 2 | West New York | $2,531 |
| 3 | East Orange | $2,495 |
| 4 | Paterson | $2,472 |
| 5 | Union City | $2,426 |
| 6 | Passaic | $2,395 |
| 7 | Elizabeth | $2,374 |
| 8 | Kearny | $2,335 |
| 9 | Hoboken | $2,307 |
| 10 | Clifton | $2,299 |
| 11 | Jersey City | $2,253 |
| 12 | Bayonne | $2,251 |
| 13 | Camden | $2,221 |
| 14 | Linden | $2,185 |
| 15 | Perth Amboy | $2,144 |
| 16 | Fort Lee | $2,081 |
| 17 | Atlantic City | $2,044 |
| 18 | Plainfield | $1,976 |
| 19 | Trenton | $1,954 |
| 20 | Hackensack | $1,921 |
| 21 | New Brunswick | $1,913 |
| 22 | Lakewood | $1,874 |
| 23 | Sayreville | $1,863 |
| 24 | Vineland | $1,860 |
| 25 | Toms River | $1,691 |
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Annual rates are comparative as the vehicle garaging location can change insurance rates significantly.
Finding decent, affordable insurance is not the easiest thing to do, and deciding which company has the cheapest car insurance rates for 17 year olds will take additional perseverance. Each insurance company uses a different method to establish rates, so first let’s look at the rankings for the car insurance companies that tend to have lower prices in New Jersey.
It’s a good idea to be aware that Jersey City, NJ car insurance rates are based on many factors that may substantially change your annual premium. Improving your credit rating, buying a new vehicle, or getting a DUI can trigger changes in premium that can cause some rates to be more affordable than before.
Cheapest Insurance Rates for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | 21st Century | $1,078 |
| 2 | Travelers | $1,180 |
| 3 | New Jersey Manufacturers | $1,258 |
| 4 | Penn National | $1,325 |
| 5 | Palisades | $1,382 |
| 6 | California Casualty | $1,437 |
| 7 | The Hartford | $1,521 |
| 8 | Allstate | $1,523 |
| 9 | USAA | $1,538 |
| 10 | Mercury | $1,603 |
| 11 | Esurance | $1,856 |
| 12 | Amica | $1,869 |
| 13 | Progressive | $1,881 |
| 14 | MetLife | $2,010 |
| 15 | State Farm | $2,248 |
| 16 | GEICO | $2,262 |
| 17 | Encompass | $2,397 |
| 18 | Liberty Mutual | $2,890 |
| 19 | Hanover | $3,909 |
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21st Century has some of the lowest car insurance rates in Jersey City at around $1,078 a year. Travelers, New Jersey Manufacturers, Penn National, and Palisades would also be considered some of the cheapest Jersey City, NJ auto insurance companies.
As depicted above, if you are a customer of Penn National and switched to Travelers, you could realize an annual savings of in the vicinity of $145. Policyholders with Palisades might save as much as $202 a year, and California Casualty customers might see rate reductions of $257 a year.
It’s important to note that these policy prices are averaged for all ages of drivers and types of vehicles and do not factor in a specific zip code for 17 year olds. So the car insurance 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 rate quotes using your own driver and vehicle profiles.
The chart below illustrates how your choice of deductibles can influence insurance prices when getting quotes for cheap insurance for 17 year olds. The rate quotes are based on a married male driver, full physical damage coverage, and no discounts are taken into consideration.
The data above shows that a 30-year-old driver could lower rates by $372 a year by changing from a $100 deductible up to a $500 deductible, or save $562 by choosing a $1,000 deductible. Young drivers, like the age 20 example, could drop their prices as much as $1,114 or even more just by choosing higher deductibles.
If you do make the decision to raise your deductibles, it will be necessary to have plenty of discretionary funds to be able to cover the extra out-of-pocket expense that is associated with using high deductibles.
Picking the best auto insurance company can be difficult considering how many companies sell coverage in New Jersey. The ranking information shown below could help you analyze which insurers you want to consider comparing rates with.
The ratings below only include large insurance companies, so companies that focus mainly on New Jersey business will not be included in the list. If you wish to compare prices from these companies and more, follow this link.
| 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 |
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Data Source: Insure.com Best Car Insurance Companies
The importance of comparing Jersey City car insurance rates
New Jersey car insurance rates are influenced by many factors that will increase or decrease the price you pay. Simply improving your credit, becoming a homeowner, or getting a driving violation can cause premium changes resulting in some companies being cheaper than competitors.
In addition, insurance companies amend pricing as often as every quarter in order to maintain liquidity for claims. Higher than normal claim frequency or severity may cause more expensive premiums, while less frequent claims can cause more affordable Jersey City car insurance rates.
To illustrate this point, the chart below shows which company has the cheapest car insurance in Jersey City, NJ for a 35-year-old female driver with a clean driving record, no accidents, and a good credit history. When quoting prices based on her personal profile, 21st Century might quote the cheapest car insurance rates in Jersey City at $1,495 each year. This is $357 less than the average rate paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Palisades, and Penn National round out the rest of the best Jersey City, NJ auto insurance companies.
In this next rate comparison, we will give the driver from above an accident surcharge, less-than-perfect credit, and a couple of points charged on her driving record. Since each insurance company uses a different method to set policy rates, comparing rates most likely will result in a significantly different list of affordable Jersey City car insurance companies as shown below.
The Hartford now has the best price in Jersey City, NJ with Allstate, USAA, Travelers, and Mercury now rounding out the top five. This illustrates why drivers need to do a thorough rate comparison to get the best insurance rates for 17 year olds. Rates consist of many different factors and can increase or decrease at any time, so the cheapest option three years ago may now be one of the more expensive options.