The make and model of vehicle needing coverage is a large consideration when quoting the most affordable auto insurance for immigrants. Vehicles with higher performance characteristics, poor safety features, or high incidents of liability claims will cost quite a bit more to insure than safer, lower-performance models.
The next table outlines car insurance prices for a selection of the cheaper vehicles to insure.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $1,380 |
| Ford Escape XLT 4WD | $1,410 |
| Toyota Tacoma 2WD | $1,601 |
| Ford Edge Limited 2WD | $1,609 |
| Ford Explorer Eddie Bauer 4WD | $1,663 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,687 |
| Honda CR-V EX 2WD | $1,694 |
| Dodge Grand Caravan CV | $1,769 |
| Ford F-150 Lariat King Ranch 4WD | $1,780 |
| Chevrolet Malibu Hybrid | $1,868 |
| Toyota RAV4 4WD | $1,878 |
| Chevrolet Silverado LS Regular Cab 2WD | $1,871 |
| Toyota Prius | $1,873 |
| Chevrolet Impala LTZ | $1,967 |
| Honda Odyssey Touring | $2,001 |
| Volkswagen Jetta LE 4-Dr Sedan | $2,008 |
| Toyota Corolla XRS | $2,001 |
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Cost estimates assume single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Rate quotes do not factor in vehicle location which can change auto insurance rates greatly.
Based on these rates, we can infer that cars like the Honda Accord, Ford Escape, Toyota Tacoma, and Ford Edge should be the more affordable vehicles to insure for foreigners.
Finding out which companies quote the cheapest auto insurance rates for immigrants requires a bit more effort than just comparing a company or two. Every insurance provider has a proprietary formula to determine premium rates, so we will examine the auto insurance companies with the overall best prices in Jersey City.
We do need to point out that New Jersey auto insurance rates are impacted by many things which can significantly increase or decrease the cost of your policy. Getting older, moving to a new city, or having an at-fault accident can produce rate changes that can now make some companies more affordable than before.
Cheap Insurance Rates for Migrants
21st Century quotes some of the lowest car insurance rates in Jersey City at around $1,111 a year. This is $741 less than the average rate paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades would also make the list of some of the cheaper Jersey City, NJ auto insurance companies.
In the above example, if you currently buy coverage from Penn National and switched to Travelers, you might achieve yearly savings of in the vicinity of $134. Customers with Palisades could save as much as $150 a year, and The Hartford customers might reduce prices by as much as $285 a year.
Be aware that those policy prices are averages for all drivers and vehicles in New Jersey and are not factoring in a vehicle location for immigrants. So the company that can offer you the best price may not even be in the top 19 companies shown above. That illustrates why you need to quote rates from many companies using your own driver data and vehicle information.
Does it make sense to buy full coverage?
Paying less for auto insurance should be important to the majority of drivers, and one of the best ways to buy cheap insurance for immigrants is to only buy liability insurance. The diagram below compares car insurance rates with and without full coverage. The costs are based on no violations or accidents, $100 deductibles, drivers are not married, and no discounts are taken into consideration.
If we average the cost for ages 20 through 70, physical damage coverage costs $3,679 per year more than insuring for liability only. At some point, almost every driver questions if buying full coverage is a good investment. There is no definitive formula to eliminate comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.
Selecting a highly-rated car insurance provider can be challenging considering how many different companies insure vehicles in New Jersey. The rank data displayed below can help you analyze which car insurance providers you want to consider purchasing coverage from.
The rankings below are for large, nationwide insurance companies, so companies that only write business in New Jersey or surrounding areas are not factored into the list. To check rates from the insurers below and more, simply 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
Why you should shop around
Jersey City, NJ auto insurance rates are impacted by many things that will increase or decrease the cost of coverage. Simply having a birthday, adding a teenager to your policy, or getting a driving violation may generate price changes that can make some companies cheaper than others.
Not only may your situation change, but car insurance companies file new New Jersey car insurance rates every year in order to remain profitable. Heavy losses can cause rate hikes, while lower claim expenses may result in cheaper Jersey City car insurance rates.
For example, the graph below shows which company has the cheapest car insurance in Jersey City, NJ for a 35-year-old female driver with a clear driving record, no claims, and excellent credit. If we compare prices based on her personal profile, 21st Century may offer the lowest car insurance rates in Jersey City at $1,422 per year. This is $430 less than the average premium paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Palisades, and Penn National are also on the list of the most affordable Jersey City, NJ auto insurance companies.
Now let’s give the driver from the first example a claim surcharge, a lower credit score, and a blemish on her driving record. Since every car insurance company has a different process for determining rates, comparing prices may result in a significantly different list of the cheapest companies as shown below.
Allstate now has the best insurance rate in Jersey City with California Casualty, USAA, Travelers, and Mercury also being competitive. This shows why it is important to compare as many rates as possible when trying to get affordable insurance quotes for immigrants.
Rates are calculated by many different factors and can change without notice, so the most affordable company the last time you compared rates may now be one of the more expensive options.