Who Has Cheap Car Insurance for Safe Drivers in New Jersey?

Wouldn’t life be so easy if you could just magically know the company that has the cheapest policy rates for safe drivers? It’s just not that easy, however, as there are many unknowns such as the number of years you have been driving, if you are a homeowner or renter, the area you live in, and if you had any at-fault accidents in the last few years, that all impact the cost of your policy. The content below will cover the best ways to find cheap auto insurance and will hopefully give you a good start in finding the cheapest car insurance.

Deciphering which company quotes the cheapest auto insurance rates for safe drivers calls for more work than just comparing rates from one or two companies. Each auto insurance company has a proprietary method for setting rates, so let’s examine the auto insurance companies with the overall cheapest rates in New Jersey.

Keep in mind that New Jersey auto insurance rates are impacted by many factors which can significantly increase or decrease the price of your policy. Improving your credit score, buying a home instead of renting, or having a fender bender can trigger rate changes that may make certain companies more affordable than others.

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21st Century has some of the lowest car insurance rates in New Jersey at around $1,100 per year. Travelers, New Jersey Manufacturers, Penn National, and Palisades also qualify as some of the more affordable New Jersey auto insurance companies.

As shown above, if you currently have coverage with New Jersey Manufacturers and switched to 21st Century, you might realize a yearly savings of about $210. Drivers with Penn National may save as much as $266 a year, and Palisades insureds might reduce prices by as much as $282 a year.

If you would like to find cheap car insurance for safe drivers in New Jersey, click here to get quotes or feel free to get quotes from the companies below.

Bear in mind that those premiums are averaged across all types of insureds and vehicles and do not take into consideration a rate decrease for safe drivers. So the company that is most affordable for your situation may not even be shown in the company chart above. That illustrates why you need to compare rates from as many companies as possible using your own personal information and vehicle type.

The type of vehicle you are trying to insure is probably the biggest factor when shopping around for cheap car insurance for safe drivers in New Jersey. Vehicles with higher performance, a lack of advanced safety features, or an increased likelihood of liability claims will cost much more to insure than safer models. The list below features auto insurance rates for a handful of the most affordable automobiles to buy insurance for.

Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Rate quotes do not factor in New Jersey location which can impact auto insurance rates significantly.

Looking at the data, you can see that cars like the Chevrolet Traverse, Dodge Grand Caravan, and Volkswagen Jetta should be the cheapest vehicles to insure for good drivers.

Discount New Jersey insurance

<img class="shadow floatright" src="http://www.quoteclickinsure.com/blog/wp-content/uploads/auto-insurance-safe-drivers-nj.jpg" alt="Cheaper New Jersey auto insurance for good drivers” />Auto insurance companies that offer cheap car insurance for safe drivers in New Jersey may also offer premium discounts that could potentially reduce rates by 25% or more if you meet specific eligibility requirements. Popular auto insurance companies and some of the discounts are shown below.

• Progressive has savings for good student, homeowner, online signing, online quote discount, continuous coverage, multi-policy, and multi-vehicle.
• The Hartford has discounts for driver training, anti-theft, air bag, vehicle fuel type, defensive driver, and bundle.
• Mercury Insurance may include discounts for type of vehicle, good student, annual mileage, professional/association, good driver, and anti-theft.
• GEICO includes discounts for seat belt use, driver training, good student, daytime running lights, and defensive driver.
• AAA discounts include good driver, good student, education and occupation, anti-theft, multi-policy, multi-car, and pay-in-full.
• State Farm offers premium reductions for Steer Clear safe driver discount, accident-free, multiple autos, Drive Safe & Save, and passive restraint.

The illustration below shows the comparison of insurance costs with and without policy discounts. The premium estimates are based on a female driver, no driving violations, no at-fault accidents, New Jersey state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with safe-driver, homeowner, defensive driving course, multiple policy, claim-free, and marriage discounts applied. When these discounts are applied to the policy premium, the the amount saved on auto insurance for safe drivers is 28% or $661.

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How accidents and tickets impact rates

A great way to find low auto insurance rates for good drivers is to be a cautious driver and avoid getting tickets or having accidents. The chart below demonstrates how speeding tickets and accident claims drive up auto insurance costs for different age groups. The prices are based on a married male driver, comp and collision included, $100 deductibles, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and One Accident’],[‘Age 20’, 4067,4967,5869],[‘Age 30’, 2137,3035,3939],[‘Age 40’, 2049,2949,3853],[‘Age 50’, 1873,2773,3679],[‘Age 60’, 1839,2739,3641],[‘Age 70’, 2109,3011,3911]]);var options = {title: ‘Impact of Tickets and Claims on New Jersey Car Insurance Prices’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in New Jersey’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the previous chart, the average cost of an auto insurance policy in New Jersey per year with no violations or accidents is $2,346. Get written up for two speeding tickets and the average cost jumps to $3,246, an increase of $900 each year. Then add in one accident along with the two speeding tickets and the annual cost of auto insurance for safe drivers goes up to an average of $4,149. That’s an increase of $1,803, or $150 per month, just for not being more responsible behind the wheel!

Which car insurance company is best?

When buying car insurance for good drivers in New Jersey, the companies that insure more vehicles than anyone else are Progressive, State Farm, Geico, and Allstate. Combined they have almost 50% of all auto insurance written. The following table ranks ratings and policy coverage options you can buy with each company.