Who Has the Cheapest Car Insurance Quotes for Felons in New Jersey?

It would sure be easy if we could just give you the name of the one auto insurance company that has the cheapest rate quotes in New Jersey. Unfortunately, it’s not that simple as there are a whole slew of unknown aspects such as where you choose to live in New Jersey, if you have any tickets or accidents, and if you own your home, that all impact the cost of coverage. This article will discuss the things that influence insurance rates and should give you a good start in finding the cheapest car insurance in New Jersey.

For felons, one of the more important things that insurance companies use to calculate the amount you pay each year for auto insurance is where you keep your car in New Jersey. Areas that are more densely populated like Newark, East Orange, and Elizabeth will most likely have higher rates, whereas areas that are not as densely populated receive better rates.

The following table sorts the higher priced cities in New Jersey for felons to buy an auto insurance policy in.

Price information shown is comparative as specific New Jersey zip code can decrease or increase premium rates significantly.

Cost and performance of the vehicle requiring insurance is a significant factor that determines whether or not you can buy low-cost car insurance for felons. Vehicles with high performance, a lack of safety features, or a high likelihood of having liability claims will cost more to insure than more economical and safe models. The information below estimates coverage prices for a handful of the more afforable automobiles to insure in New Jersey.

Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Premium costs do not factor in specific zip code location which can impact price quotes substantially.

Data variables include married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Rate information does not factor in specific New Jersey garaging location which can lower or raise premiums considerably.

Prices above based on married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Table data does not factor in zip code location which can alter rates noticeably.

Buying cost effective insurance is tough enough, and finding out which insurers offer the lowest-priced car insurance rates for felons will involve a little more work. Each company has a different formula for setting rates, so we’ll go over the overall cheapest car insurance companies in New Jersey.

It’s a good idea to know that New Jersey car insurance rates are influenced by many factors that may substantially change the price you pay. This price fluctuation is why New Jersey drivers need to shop around when trying to find cheap car insurance rates for felons. Auto insurance prices are determined by many factors and can change without notice, so the cheapest company six months ago may now be priced much higher than other options.

Cheap Insurance Rates for Felons

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21st Century may offer some of the best car insurance rates in New Jersey at around $1,111 a year. Travelers, New Jersey Manufacturers, Penn National, and Palisades would also be considered some of the most economical New Jersey car insurance companies.

As the rates illustrate above, if you currently have a policy with Penn National and switched to Travelers, you might achieve yearly savings of approxmiately $182. Drivers with Palisades may save as much as $198 a year, and California Casualty insureds might lower prices by up to $295 a year.

To see if you’re overpaying, click here or click through to the companies below.

These prices are averaged for all types of insureds and vehicles and are not factoring in a price discount for felons. So the car insurance company that fits your age and vehicle best may not even be featured in the rate chart shown above. That points out the importance of why you need to compare as many prices as possible using your own personalized driver profile and vehicle information.

Is Progressive, State Farm, Geico, or Allstate cheaper?

If you are shopping around for auto insurance for felons in New Jersey, four companies to consider are Progressive, State Farm, Geico, and Allstate. When added together, they make up about 50% of the entire U.S. market share. All four can cover your vehicle for liability and physical damage, but each one has a distict selection of optional coverages and features that may influence your buying decision. The following table rates ratings and policy coverage options that are available for customers.

Cheapest insurance quotes for felons

Due to technology, there are many ways to find cheaper car insurance in New Jersey, but the most preferred ways are through an independent or non-exclusive agent, a captive (or exclusive) agent such as Liberty Mutual or State Farm, or direct online or over the phone from a company like Progressive or Geico.

All three ways are similar, but each is different in how they price policies.

Independent insurance agents write business for many companies and can get rate quotes from all of them. These types of agents are not restricted to one company and can provide multiple price quotes, which may give you a better chance of saving money. If a cheaper price is found, your policy can be moved and the insured can keep the same agent.

An exlusive, or captive, agency is only able to write business for a single company, a couple examples are State Farm and Allstate agents. Exclusive agents cannot give you multiple price quotes, which will not provide a complete price comparison.

Drivers who opt to buy car insurance direct bypass an exlusive or independent agent and buy direct from companies such as Progressive or Esurance. Shopping for car insurance direct is good for consumers who do not need complex risk management and understand the limitations of car insurance.

Out of those three methods, which one works best to find the cheapest car insurance for felons in New Jersey? We’d like to tell you buying direct saves the most money because you bypass the agent, but in reality, that is not the case. A good argument could also be made that buying from an independent agent results in the cheapest rates because they can quote many companies, but that assumption is also not necessarily accurate. And sometimes, the exclusive agents have extremely competitive rates that are the lowest in New Jersey.

Since car insurance companies use so many rating factors, really the best method to get rock-bottom rates is to do a thorough rate comparison. It’s recommended that drivers get prices from all three types in order to find the best price. A great place to start is our list of online companies offering discounts: click here to view.