Who Has Cheap Auto Insurance for Government Employees in New Jersey?

Wouldn’t it be so easy if you could know instantly the company that has the lowest car insurance rates for government employees? It’s just not that easy, however, as there are a whole bunch of unknowns such as your credit score, whether you are female or male, the safety features built into your vehicle, and if full coverage is needed, that all impact the cost of your policy. The content below will cover some of these topics and also should give you some help in finding cheaper rates.

One of the key criteria that is looked at to determine the price you pay for insurance is where you keep your vehicle. Regions with larger populations or more claims like Newark, West New York, and Elizabeth tend to pay higher rates, whereas areas with less crime or weather claims enjoy lower auto insurance rates.

The information below sorts the higher priced cities in New Jersey for government employees to purchase a policy in.

Prices are comparative as the specific garaging location can change rates considerably.

The vehicle you are buying coverage for is one of the main factors when shopping for the best cheap insurance for government employees. Vehicles with average performance, good crash test ratings, or a low likelihood of having liability claims will cost substantially less to insure than higher performance models. The data below estimates coverage costs for a handful of the most budget-friendly automobiles to insure in New Jersey.

Table data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Estimates do not factor in specific location information which can raise or lower prices considerably.

Cost estimates assume married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Premium amounts do not factor in specific New Jersey garaging location which can raise or lower insurance rates considerably.

Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Information does not factor in specific New Jersey garaging location which can impact auto insurance rates noticeably.

Liability only or full coverage

Finding cheap car insurance for government employees in New Jersey is the goal of most vehicle owners, and one common way to find cheap insurance is to only buy liability insurance. The diagram below illustrates the comparison of insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes a clean driving record, no claims, $1,000 deductibles, single marital status, and no discounts are applied.

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Averaged for all ages 20 through 70, full coverage costs an extra $2,010 per year over and above liability only. That touches on the question if full coverage is worth the money. There is no set rule that is best for determining when to drop physical damage insurance, but there is a general guideline. If the yearly cost of full coverage is about 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.

For example, let’s assume your vehicle’s claim settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $8,000 after paying the physical damage deductible. If it’s costing in excess of $800 a year to have full coverage, then you may want to consider only buying liability coverage.

State Farm, Allstate, Geico, and Progressive: Who is cheapest?

When it comes to car insurance for state and federal workers in New Jersey, four of the larger companies to compare rates for are State Farm, Allstate, Geico, and Progressive. Combined they insure almost 50% of all auto insurance written. The data below points out some of the different options that are available.

How to find budget-friendly car insurance for government employees

It is possible to find better rates, and here are some thrifty solutions that can help New Jersey drivers quote low-cost auto insurance.

• Assess whether full coverage is needed
• Increase your credit score
• Drive a car with a high safety rating
• Having at-fault accidents will increase rates
• Buying home and auto insurance together can earn discounts
• Look for cheaper rates once a year by shopping around

The final tip is especially critical, as was discussed in this article. Auto insurance prices can change considerably in a year, so don’t hesitate to switch companies if a cheaper rate is available.

Many drivers prefer to stick with one company, but it isn’t a good idea if your bullheadedness ends up costing you a wad of cash every year. Now is a great time to compare prices to find cheaper insurance for government employees.

Cheap insurance quotes for state and federal workers

You have a lot of ways to compare auto insurance prices in New Jersey, but the most popular are from an independent or non-exclusive agent, an exclusive insurance agent such as Liberty Mutual or State Farm, or direct online or over the phone from a company like Progressive or Geico. Each way has the same basic process, but they differ in how they price policies.

Independent insurance agents work for many companies and can provide price quotes from every one. Independent agents can provide multiple price quotes, which can help you get a better overall rate comparison. If they find a cheaper price, it’s simple to move the policy and you can keep the same agent.

An exclusive agent is limited to a single insurance company, two examples being State Farm and Auto-Owners agents. These agents are unable to provide multiple price quotes, so you will not be able to compare multiple prices.

Auto insurance from a direct company means you skip the middleman (the agent) and instead buy direct either online or via phone. Shopping for auto insurance direct may be good for people who have limited assets and know more than average about what limits they need.

So which one of the three ways works best for finding cheap car insurance for government employees in New Jersey? We’d like to say buying from a direct company saves the most money since there is no middleman, but in reality, that is not true. An argument could also be made that buying from an independent agent results in the cheapest rates since they have access to many companies, but again, that’s not a true statement. And occasionally, exclusive agents have very competitive rates that are impossible to beat.

Since auto insurance rates vary so much, really the best method to get the cheapest rates is to get as many comparison quotes as possible. To find the best rates, be sure to get quotes from all three to have enough rates to compare. For a list of auto insurance companies with low rates, click here to view.