The vehicle model you are seeking coverage for is one of the largest considerations when comparison shopping for the lowest-priced auto insurance for high school students. Vehicles with lower performance, an excellent safety record, or a track record of few liability claims will cost quite a bit less to insure than fast, unsafe models.
The table below outlines car insurance rates for a handful of the most affordable automobiles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX 4-Dr Sedan | $5,192 |
| Ford Escape XLT 4WD | $5,244 |
| Honda CR-V EX-L 4WD | $5,250 |
| Hyundai Elantra SE Touring Station Wagon | $5,572 |
| Toyota Prius | $5,623 |
| Toyota Tacoma 4WD | $5,833 |
| Ford Edge Limited 2WD | $6,110 |
| Chevrolet Malibu Hybrid | $6,161 |
| Toyota RAV4 Limited 2WD | $6,171 |
| Chevrolet Equinox LS 2WD | $6,161 |
| Ford F-150 XLT Crew Cab 4WD | $6,213 |
| Ford Explorer Eddie Bauer AWD | $6,220 |
| Dodge Grand Caravan Crew | $6,213 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $6,433 |
| Toyota Corolla S | $6,490 |
| Honda Odyssey EX-L W/Rear Entertainment | $6,496 |
| Chevrolet Impala LTZ | $6,490 |
| Volkswagen Jetta SE 4-Dr Sedan | $6,541 |
| Nissan Altima 3.5 SR 4-Dr Sedan | $6,548 |
| Ford Fusion SEL 4-Dr Sedan | $6,541 |
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Premium data assumes single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, and safe-driver. Price information does not factor in specific location which can impact coverage rates significantly.
By looking at the data, we can presume that models like the Honda Accord, Ford Escape, Honda CR-V, and Hyundai Elantra will be some of the most budget-friendly vehicles to insure for teenagers. Rates will be more costly just because there is more claim risk for high school students, but overall those makes and models will most likely have the cheapest auto insurance rates compared to other vehicles.
For teenagers, one of the more important considerations that are used to help calculate car insurance rates is where you live in Jersey City. Areas with increased crime or more people tend to have higher auto insurance costs, whereas areas with less congestion benefit from lower coverage costs.
The following table rates the highest-priced places in New Jersey for high school students to purchase auto insurance in. Jersey City ranks #8 with an annual cost of $2,345 for car insurance, which is approximately $195 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | West New York | $2,531 |
| 2 | Newark | $2,496 |
| 3 | East Orange | $2,495 |
| 4 | Paterson | $2,472 |
| 5 | Union City | $2,450 |
| 6 | Elizabeth | $2,374 |
| 7 | Clifton | $2,368 |
| 8 | Jersey City | $2,345 |
| 9 | Hoboken | $2,307 |
| 10 | Passaic | $2,301 |
| 11 | Kearny | $2,266 |
| 12 | Camden | $2,221 |
| 13 | Bayonne | $2,184 |
| 14 | Linden | $2,163 |
| 15 | Perth Amboy | $2,081 |
| 16 | Fort Lee | $2,060 |
| 17 | Atlantic City | $2,024 |
| 18 | Hackensack | $1,999 |
| 19 | Trenton | $1,974 |
| 20 | Plainfield | $1,918 |
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Rate quotes are estimated as zip code location can revise auto insurance rates substantially.
Determining which companies offer the lowest-priced insurance rates for high school students will take a bit more work than just getting one or two price quotes.
Every car insurance company has their own formula for setting rates, so let’s take a look at the most competitive insurance companies in Jersey City.
Best Car Insurance Prices for Students
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | 21st Century | $1,111 |
| 2 | Travelers | $1,156 |
| 3 | New Jersey Manufacturers | $1,271 |
| 4 | Palisades | $1,341 |
| 5 | Penn National | $1,379 |
| 6 | California Casualty | $1,451 |
| 7 | Allstate | $1,478 |
| 8 | The Hartford | $1,536 |
| 9 | USAA | $1,553 |
| 10 | Mercury | $1,635 |
| 11 | Amica | $1,869 |
| 12 | Esurance | $1,894 |
| 13 | Progressive | $1,938 |
| 14 | MetLife | $2,010 |
| 15 | State Farm | $2,248 |
| 16 | GEICO | $2,262 |
| 17 | Encompass | $2,327 |
| 18 | Liberty Mutual | $2,978 |
| 19 | Hanover | $3,909 |
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21st Century may offer some of the best car insurance rates in Jersey City at around $1,111 per year. Travelers, New Jersey Manufacturers, Palisades, and Penn National would also make the list of some of the cheapest Jersey City, NJ insurance companies.
As the example above demonstrates, if you buy coverage from Palisades and switched to Travelers, you could realize an annual premium reduction of in the neighborhood of $185. Customers with Penn National may save as much as $223 a year, and California Casualty customers might cut rates by $295 a year.
To find cheaper insurance rates for your vehicle, click here to get quotes or quote prices from the following companies.
It’s important to note that these policy rates are averages across all types of insureds and vehicles and do not take into consideration an exact zip code location for high school students. So the insurer that can offer you the lowest price may not even be in the top 19 companies shown above. That underscores the importance of why you need to compare prices as often as possible using your own personalized driver profile and vehicle information.
Liability-only versus full coverage
Paying less for insurance is important to the majority of people, and one good way to pay lower rates for insurance for high school students is to only buy liability insurance. The information below visualizes the comparison of insurance rates with full physical damage coverage and with liability coverage only. The rates are based on a clean driving record, no at-fault accidents, $250 deductibles, marital status is single, and no discounts are taken into consideration.
If we average the cost for all age groups, physical damage insurance costs an extra $2,515 per year more than just buying liability only. That proposes the question if it’s a good idea to buy full coverage. There is no definitive guideline to drop comp and collision coverage, but there is a guideline you can use. If the annual cost of coverage is 10% or more of the settlement you would receive from your company, then it could be time to drop full coverage.
Rate increases following a ticket or accident
The common sense way to get cheap insurance prices in Jersey City for teenagers is to be an attentive driver and have a clean driving record. The chart below illustrates how traffic citations and at-fault accidents can impact car insurance rates for different age groups. The information is based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.
In the previous example, the average cost of auto insurance in Jersey City per year with no accidents and a clean driving record is $2,117. Get two speeding tickets and the average cost surges to $3,017, an increase of $900 each year. Next add one accident along with the two speeding tickets and the yearly cost of insurance for high school students increases to an average of $3,919. That’s an increase of $1,802, or $150 per month, just for not driving safely!
If you have coverage questions and would like to get help from a professional when shopping for cheaper insurance for teenagers, the agents shown below can help you determine which insurance coverage will be best for you.
To locate a Jersey City car insurance agency in your neighborhood, click the button after the list or click here to compare rates now.
- Diaz Insurance Agency
815 Bergenline Ave – Union City, NJ 07087 – (201) 348-1288 - AMC Insurance Inc
958 Summit Ave – Jersey City, NJ 07307 – (201) 656-1200 - Coe Insurance
2330 John F. Kennedy Blvd – Jersey City, NJ 07304 – (201) 435-4300
More Jersey City, NJ insurance agents
How to find budget-friendly car insurance for high school students
The list below details some of the better penny-pinching solutions that can help drivers find low-cost auto insurance.
- Buy safe vehicles
- Multi-policy discounts save money
- Drop full coverage on older vehicles
- Save money by staying claim-free
- Increase deductibles to save money
- Increase your credit score
- Look for cheaper rates once a year by shopping around
The last idea is extraordinarily necessary, as was emphasized in this article. Auto insurance prices in Jersey City vary greatly, so don’t be hesitant to change to a new company if a better deal can be had.
Having brand loyalty is commendable, but it’s not a good idea if that dedication is costing major coinage every year. Take a few minutes and compare prices and find cheaper car insurance for high school students.