It’s hard to miss the ads from insurers like GEICO and Nationwide guaranteeing the cheapest rates. So you just need to choose the one with the most memorable commercial, right?
That is not the case, however, as there are a whole bunch of unknowns like your credit rating, if you have any tickets or accidents, and whether you just want liability only. We will try to cover the best ways to compare rates and will hopefully give the reader a good beginning to your search for cheaper coverage.
Establishing which company offers the best car insurance rates for 19 year olds may require a little more effort in order to find the most economical policy. Every insurance provider has a different process to set premium rates, so let’s examine the overall cheapest car insurance companies in New Jersey.
It’s a good idea to be aware that Jersey City, NJ car insurance rates are impacted by many things that can increase the cost of your policy. Simply having a birthday, getting married, or having an accident can trigger changes in premium that may make certain companies cheaper than others.
Find Cheaper Auto Insurance for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | 21st Century | $1,078 |
| 2 | Travelers | $1,180 |
| 3 | New Jersey Manufacturers | $1,310 |
| 4 | Penn National | $1,338 |
| 5 | Palisades | $1,382 |
| 6 | Allstate | $1,478 |
| 7 | California Casualty | $1,481 |
| 8 | The Hartford | $1,536 |
| 9 | Mercury | $1,587 |
| 10 | USAA | $1,600 |
| 11 | Amica | $1,813 |
| 12 | Esurance | $1,856 |
| 13 | Progressive | $1,919 |
| 14 | MetLife | $2,010 |
| 15 | State Farm | $2,160 |
| 16 | GEICO | $2,262 |
| 17 | Encompass | $2,303 |
| 18 | Liberty Mutual | $3,008 |
| 19 | Hanover | $3,869 |
| Compare Rates Now Go | ||
21st Century quotes some of the most affordable car insurance rates in Jersey City at around $1,078 annually. This is $774 less than the average policy premium paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades also qualify as some of the more affordable Jersey City, NJ car insurance companies.
As the example above demonstrates, if you are a policyholder with Penn National and switched to Travelers, you might achieve annual savings of upwards of $158. Policyholders with Palisades could save as much as $202 a year, and Allstate policyholders might realize rate reductions of up to $298 a year.
To compare your rates to other New Jersey insurance companies, click here to begin a quote or quote rates from the companies below.
It’s important to note that these rates are averaged across all drivers and vehicles in New Jersey and are not factoring in a vehicle location for 19 year olds. So the insurer that fits your age and vehicle best may not even be in the top 19 companies in the list above. That emphasizes why you need to get rate quotes using your own driver data and vehicle information.
The vehicle that needs insurance is one of the biggest factors that determines whether or not you find low-priced coverage for 19 year olds. Vehicles with economical engines, a plethora of safety features, or low incidents of liability claims will cost substantially less to insure than high performance models.
The list below shows auto insurance premiums for a handful of the more affordable automobiles to buy coverage for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $4,791 |
| Ford Escape XLT 2WD | $4,799 |
| Toyota Prius | $5,247 |
| Jeep Wrangler Rubicon 4WD 2-Dr | $5,356 |
| Dodge Grand Caravan SE | $5,364 |
| Volkswagen Jetta SE 2.5 Station Wagon | $5,579 |
| Toyota Tacoma 2WD | $5,628 |
| Chevrolet Impala LS | $5,633 |
| Ford Edge SE AWD | $5,628 |
| Chevrolet Equinox LT AWD | $5,691 |
| Toyota RAV4 Limited 4WD | $5,700 |
| Jeep Grand Cherokee Laredo 2WD | $5,691 |
| Chevrolet Malibu Hybrid | $5,700 |
| Toyota Camry LE | $5,691 |
| Ford F-150 Lariat Crew Cab 4WD | $5,750 |
| Ford Explorer Limited 2WD | $5,756 |
| Ford Focus SES 4-Dr Sedan | $5,960 |
| Nissan Altima 2.5 S 4-Dr Sedan | $6,022 |
| Toyota Corolla XLE | $6,027 |
| Hyundai Elantra SE 4-Dr Sedan | $6,022 |
| Compare Cheap Rates Go | |
Prices above based on single male driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate quotes do not factor in garaging location in Jersey City, NJ which can revise premiums noticeably.
Based on these rates, you can conclude that vehicles like the Honda CR-V, Ford Escape, Toyota Prius, and Jeep Wrangler are likely to be the most economical vehicles to insure for teenage drivers. The price of auto insurance will trend higher just because there is more inherent risk for 19 year olds, but in general those makes and models will most likely have the best rates available.
The illustration below demonstrates how deductible levels can change annual premium costs when trying to find cheap insurance for 19 year olds. The premium estimates are based on a single male driver, comp and collision included, and no additional discounts are factored in.
A 50-year-old driver could pocket $536 a year by switching from a $100 deductible to a $500 deductible, or save $804 by using a $1,000 deductible. Even younger drivers, like the 20-year-old example, could potentially save up to $1,782 every year by using higher deductibles when buying full coverage.
When choosing a higher deductible, it is essential to have emergency funds available to offset the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Cautious drivers save money
The common sense way to snag low car insurance premiums for teenage drivers is to drive carefully and avoid accidents and violations. The diagram below demonstrates how citations and at-fault claims drive up insurance premiums for different categories of driver ages. The rate quotes are based on a married male driver, full coverage, $500 deductibles, and no discounts are applied.
The data in the chart shows the average cost of auto insurance in Jersey City per year with no violations or accidents is $2,108. Receive one speeding ticket and the average cost increases to $2,422, an increase of $314 each year. Now add two accidents along with the one speeding ticket and the yearly cost of car insurance for 19 year olds increases to an average of $5,158. That’s an increase of $3,050, or $254 per month, just for not paying attention while driving!
Types of discounts on Jersey City auto insurance rates
Insurance providers that provide coverage for 19 year olds may also provide policy discounts that could reduce prices by as much as 40% or more if you meet eligibility requirements. Larger car insurance companies and some of the premium reductions they offer are outlined below.
- State Farm offers discounts for good student, safe vehicle, student away at school, anti-theft, multiple autos, passive restraint, and good driver.
- GEICO offers discounts including anti-lock brakes, membership and employees, military active duty, federal employee, driver training, seat belt use, and defensive driver.
- Liberty Mutual may have discounts that include new graduate, safety features, good student, teen driver discount, preferred payment discount, exclusive group savings, and newly married.
- The Hartford has discounts for good student, vehicle fuel type, driver training, anti-theft, defensive driver, air bag, and bundle.
- MetLife policyholders can earn discounts including good driver, accident-free, good student, claim-free, and multi-policy.
- Progressive discounts include homeowner, multi-policy, multi-vehicle, online signing, continuous coverage, and good student.
The diagram below illustrates the comparison of insurance rates with and without discounts applied to the premium. The prices are based on a male driver, no claims or violations, New Jersey state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multiple policy, vehicle safety, anti-theft, defensive driving course, homeowner, and safe-driver discounts applied. With discounts applied, the average amount saved each year on car insurance for 19 year olds is 28% or $755.
Why you are probably overpaying for car insurance
Jersey City car insurance rates are impacted by many things which can substantially change the cost of your policy. Simply improving your credit, moving to a different location, or getting a couple of tickets can cause premium changes that can make some companies more affordable than the competition.
Additionally, auto insurance companies modify pricing as needed in order to remain profitable. A period of higher than normal claims can result in increased rates, while lower claims may result in cheaper Jersey City car insurance rates.
As an example, the data below shows rates for the cheapest car insurance in Jersey City, NJ for a 30-year-old female driver with no violations or accidents, and good financial standing. Based on her current situation, 21st Century might offer the lowest car insurance rates in Jersey City at $1,451 each year. This is $401 less than the average rate paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades are also included in the top five cheapest Jersey City, NJ auto insurance companies.
In this example, we will give the driver in the first chart an accident claim, a lower credit rating, and a traffic citation. Since each company has a different process to set premium rates, comparing prices could now result in a different set of affordable Jersey City car insurance companies as shown below.
California Casualty now has the cheapest price in Jersey City with The Hartford, USAA, Mercury, and New Jersey Manufacturers now rounding out the top five. This illustrates why drivers need to compare rates to find the lowest car insurance quotes for 19 year olds. Rates are impacted by many different factors and can increase or decrease at any time, so the best option when you bought your policy may now be one of the more expensive options.