Cheapest Car Insurance for Low Mileage Drivers in New Jersey

One of the key components that is looked at to determine the cost of insurance is your address. Cities with larger populations or higher claims like Newark, West New York, and Elizabeth tend to pay higher rates, whereas cities that are not as densely populated benefit from lower prices.

The next table rates the most expensive cities in New Jersey for low mileage drivers to purchase a policy in.

Price information shown is estimated as specific New Jersey garaging address can influence price quotes substantially.

The vehicle model you are buying coverage for is probably the largest consideration when trying to find the best cheap coverage for low mileage drivers. Vehicles with lower acceleration and performance, an excellent safety record, or low incidents of liability claims will cost substantially less to insure than high performance models.

The data below shows insurance rates for a handful of the most budget-friendly automobiles to insure.

Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Estimates do not factor in specific New Jersey garaging location which can decrease or increase premium rates significantly.

Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Price estimates do not factor in vehicle location which can modify price quotes greatly.

Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Rates do not factor in your specific New Jersey location which can alter premium rates noticeably.

Deciding which companies offer the best insurance rates for low mileage drivers involves a bit more work than just comparing rates from one or two companies. Each auto insurer has their own unique process for setting rates, so let’s examine the most affordable insurance companies in New Jersey.

It’s a good idea to be aware that New Jersey insurance rates are impacted by many factors that will increase or decrease the cost of coverage. Simply improving your credit, having a teenage driver, or having a fender bender can trigger rate changes that can cause some rates to be affordable when they were higher priced.

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21st Century may offer some of the cheapest car insurance rates in New Jersey at around $1,111 annually. Travelers, New Jersey Manufacturers, Palisades, and Penn National also rank well as some of the most economical New Jersey auto insurance companies.

As illustrated above, if you buy coverage from Palisades and switched to Travelers, you might realize annual savings of roughly $196. New Jersey drivers with Penn National could save as much as $234 a year, and California Casualty customers might reduce prices by as much as $306 a year.

These policy prices are averages across all drivers and vehicles in New Jersey and are not factoring in a rate decrease for low mileage drivers. So the car insurance company that can offer the best rates for your situation may not even be in the company chart above. That is why you need to quote rates from many companies using your own driver information and specific vehicle type.

Discounts on the cheapest car insurance for low mileage drivers in New Jersey

Insurance companies that offer quotes for low mileage drivers may also provide price discounts that can lower rates by as much as 35% if you meet specific criteria. Companies and their possible discounts can be found below.

• Progressive offers premium reductions for good student, multi-policy, continuous coverage, multi-vehicle, online quote discount, online signing, and homeowner.
• AAA discounts include AAA membership discount, good student, good driver, pay-in-full, anti-theft, education and occupation, and multi-car.
• Farmers Insurance offers discounts for youthful driver, good student, early shopping, business and professional, alternative fuel, electronic funds transfer, and distant student.
• GEICO has discounts for anti-theft, membership and employees, military active duty, federal employee, five-year accident-free, and defensive driver.
• Esurance policyholders can earn discounts including good driver, anti-theft, homeowner, multi-policy, paid-in-full, Switch & Save, and multi-car.
• SAFECO may include discounts for teen safe driver, multi-car, safe driver, teen safety rewards, bundle discounts, anti-lock brakes, and drive less.
• State Farm may offer discounts for good driver, anti-theft, Drive Safe & Save, accident-free, multiple policy, and good student.

The diagram below shows the comparison of insurance costs with and without discounts applied to the rates. The premiums are based on a male driver, no claims or driving violations, New Jersey state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.

The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with vehicle safety, defensive driving course, safe-driver, marriage, anti-theft, and multiple vehicle discounts applied. In this example, the the amount saved on insurance for low mileage drivers is 28% or $562.

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