The words “affordable” and “auto insurance” really don’t belong together, especially when you are looking for the best car insurance for veterans. To help control this cost, let’s teach you some of the things that help determine car insurance rates, and see if you can shave a little off the next policy you buy.
For veterans, one of the big considerations that aid in calculating car insurance rates is where you live in Jersey City. Larger areas are more likely to pay higher prices, whereas areas with lower vehicle theft rates and fewer weather claims have the gratification of cheaper auto insurance rates.
The following table shows the most expensive areas in New Jersey for veterans in which to buy car insurance. Jersey City is ranked #11 having an annual price of $2,253 on average, which is approximately $188 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | East Orange | $2,571 |
| 2 | Newark | $2,496 |
| 3 | West New York | $2,456 |
| 4 | Elizabeth | $2,446 |
| 5 | Union City | $2,378 |
| 6 | Paterson | $2,376 |
| 7 | Passaic | $2,371 |
| 8 | Hoboken | $2,353 |
| 9 | Clifton | $2,345 |
| 10 | Kearny | $2,289 |
| 11 | Jersey City | $2,253 |
| 12 | Bayonne | $2,184 |
| 13 | Perth Amboy | $2,165 |
| 14 | Camden | $2,155 |
| 15 | Linden | $2,121 |
| 16 | Fort Lee | $2,060 |
| 17 | Atlantic City | $2,024 |
| 18 | Hackensack | $1,980 |
| 19 | Plainfield | $1,976 |
| 20 | Sayreville | $1,920 |
| Find Cheaper Insurance Go | ||
Table data uses approximated as the specific geographic location can impact insurance rates substantially.
Finding out which company quotes the cheapest auto insurance rates for veterans calls for more work than just picking a company at random.
Each auto insurance company uses their own formula for setting prices, so let’s rank the auto insurance companies with the overall best prices in New Jersey. It’s important that readers know that Jersey City, NJ auto insurance rates are based on many factors which can significantly increase or decrease the policy price. Turning one year older, buying a new vehicle, or getting a few speeding tickets can trigger rate changes resulting in some companies being affordable when they were higher priced.
Best Auto Insurance Prices for Vets
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | 21st Century | $1,100 |
| 2 | Travelers | $1,145 |
| 3 | New Jersey Manufacturers | $1,297 |
| 4 | Palisades | $1,341 |
| 5 | Penn National | $1,366 |
| 6 | California Casualty | $1,495 |
| 7 | The Hartford | $1,536 |
| 8 | Allstate | $1,538 |
| 9 | USAA | $1,553 |
| 10 | Mercury | $1,635 |
| 11 | Amica | $1,832 |
| 12 | Esurance | $1,856 |
| 13 | Progressive | $1,862 |
| 14 | MetLife | $2,010 |
| 15 | GEICO | $2,174 |
| 16 | State Farm | $2,182 |
| 17 | Encompass | $2,303 |
| 18 | Liberty Mutual | $3,008 |
| 19 | Hanover | $3,987 |
| Quote Your Rates Go | ||
21st Century quotes some of the cheapest car insurance rates in Jersey City at around $1,100 annually. Travelers, New Jersey Manufacturers, Palisades, and Penn National also rank well as some of the most economical Jersey City, NJ auto insurance companies.
As the example above demonstrates, if you have coverage with Palisades and switched to 21st Century, you could realize a yearly price reduction of approximately $241. Insureds with Penn National may save as much as $266 a year, and California Casualty policyholders might lower prices by up to $395 a year.
Remember that these prices are averaged across all types of insureds and vehicles and and are not figured with a vehicle location for veterans. So the insurer that fits your needs best may not even be in the list above. That helps illustrate why you need to compare as many prices as possible using your own individual information.
Jersey City auto insurance companies
Choosing the highest-rated car insurance company can be a challenge considering how many companies there are to choose from in Jersey City. The ranking data listed below can help you analyze which companies you want to consider when trying to find the cheapest insurance for veterans.
These rankings include major nationwide insurance companies, so smaller companies that only insure vehicles in New Jersey are not taken into consideration for the list. To compare prices from these and other companies in New Jersey, click this link.
Top 10 Large Auto Insurers in Jersey City Ranked by Claims Service
- Progressive
- USAA
- Liberty Mutual
- GEICO
- State Farm
- Nationwide
- Allstate
- 21st Century
- The Hartford
- Farmers Insurance
Top 10 Large Auto Insurers Overall in Jersey City
- Mercury Insurance
- The Hartford
- Progressive
- Travelers
- State Farm
- Farmers Insurance
- Safeco Insurance
- USAA
- GEICO
- 21st Century
Careless driving habits raise Jersey City auto insurance rates
The best way to earn the best auto insurance prices for veterans is to drive safely and avoid accidents and keep your driving record clean. The example below demonstrates how speeding tickets and fender-benders can affect insurance premiums for each age group. The rates are based on a single male driver, comprehensive and collision coverage, $100 deductibles, and no additional discounts are factored in.
In the chart above, the average cost of an auto insurance policy in Jersey City per year with no violations or accidents is $3,057. Receive one speeding ticket and the average cost swells to $3,441, an increase of $384 each year. Now throw in two accidents along with the one speeding ticket and the annual cost of auto insurance for veterans jumps again to an average of $6,569. That’s an increase of $3,511, or $293 per month, just for being a less-than-perfect driver!
Don’t make the mistake of not shopping around
New Jersey auto insurance rates are determined by lots of factors that may substantially change the cost of a policy. Getting older, becoming a homeowner, or having an accident may cause policy rate changes that can now make some companies affordable when they were higher priced.
And not only may your rating factors change, but companies file new rates as often as every three months to adjust for unexpected claims or profits. A period of increased losses may result in more expensive premiums, while a profitable period can cause more affordable Jersey City car insurance rates.
The data below compares the cheapest car insurance in Jersey City, NJ for a 45-year-old male driver with no violations or accidents, and a high credit rating. If we compare prices based on his current rating profile, 21st Century offers the cheapest car insurance rates in Jersey City at $1,466 a year. This is $386 less than the average price paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades are the remaining most affordable Jersey City, NJ auto insurance companies.
Now let’s give the driver from the first rate comparison a claim, slightly worse credit, and an imperfect driving record. Since each insurance company uses their own calculation to establish rates, comparing insurance quotes most likely will result in a completely different list of the cheapest Jersey City car insurance companies as shown below.
Allstate now has the best price on car insurance in Jersey City, NJ with The Hartford, USAA, Mercury, and Travelers completing the list. This example demonstrates why it is so important to compare lots of rates when trying to get affordable insurance quotes for veterans.
Rates are determined by many risk factors and change dramatically, so the most affordable company when you last compared rates may now be quite expensive.
How to find budget-friendly auto insurance for veterans
It’s not impossible to find cheaper rates, and here are some penny-pinching suggestions that can help New Jersey drivers locate more affordable coverage.
- Just one traffic violation will increase your rates
- Being accident-free can lower rates significantly
- Increase your credit rating
- Frequent claims may make car insurance unaffordable
- Safe vehicles cost less to insure
- Compare rates and switch if you can find a better deal
The last item on the list is remarkably vital, as was stressed in this piece. Insurance prices in Jersey City vary considerably, so don’t be unwilling to switch companies if a cheaper price is available. Staying with the same company for years is fine, but it isn’t a good idea if that faithfulness ends up costing you potentially thousands of dollars a year. It takes less than five minutes to compare rates to find cheaper auto insurance for veterans.