Cheap Car Insurance Quotes for Seniors in New Jersey

Establishing which insurers offer the best car insurance rates for seniors will involve more time than just quoting one company’s rates. Each auto insurer has a unique formula for determining rates, so let’s take a look at the car insurance companies with the most affordable rates in New Jersey.

It’s important to understand that New Jersey car insurance rates are calculated based on many things which can significantly increase or decrease the price you have to pay. Turning one year older, buying higher coverage limits, or having an accident can produce rate changes that can make some companies more affordable than others.

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21st Century may offer some of the best car insurance rates in New Jersey at around $1,067 per year. Travelers, New Jersey Manufacturers, Penn National, and Palisades are also some of the lowest-priced New Jersey auto insurance companies.

As shown in the rates above, if you currently buy coverage from Penn National and switched to 21st Century, you could earn annual savings of in the neighborhood of $299. Drivers with Palisades might save as much as $328 a year, and California Casualty insureds might lower prices by $384 a year.

If you want to find out if you’re overpaying, click here to get a free quote or visit any of the companies below.

Remember that these policy rates are averages across all drivers and vehicles and and are not figured with a price discount for seniors. So the car insurance company that can offer you the best price may not even be included in the above rate chart. That emphasizes why you need to get quotes using your own personal information and vehicle type.

For senior citizens, one of the largest considerations that auto insurance companies use to calculate auto insurance rates is where you normally keep your vehicle in New Jersey. Areas with more people or even just a higher incidence of claims like West New York, Newark, and Elizabeth will most likely pay more, whereas areas that are not as densely populated benefit from lower coverage costs.

The following table ranks the higher priced cities in New Jersey for seniors to buy car insurance in.

Rate information is approximated as the specific area where the vehicle is garaged can lower or raise auto insurance rates substantially.

Discounts on cheap auto insurance for seniors in New Jersey

Auto insurance companies that provide coverage for seniors may also give you special discounts that may potentially lower prices by 30% or more if you are eligible. The best car insurance companies and their offered discounts can be read below.

• 21st Century may have discounts that include theft prevention, student driver, homeowners, early bird, teen driver, and air bags.
• Progressive may include discounts for multi-vehicle, multi-policy, homeowner, continuous coverage, online signing, and good student.
• State Farm offers premium reductions for good student, anti-theft, safe vehicle, defensive driving training, Steer Clear safe driver discount, good driver, and multiple autos.
• Nationwide may offer discounts for Farm Bureau membership, family plan, good student, anti-theft, easy pay, business or organization, and multi-policy.
• Esurance offers discounts including Switch & Save, defensive driver, online shopper, paid-in-full, homeowner, and multi-policy.
• The Hartford offers discounts for air bag, good student, driver training, vehicle fuel type, defensive driver, bundle, and anti-theft.

The chart below illustrates the comparison of insurance costs with and without discounts. The price estimates are based on a male driver, no claims or driving violations, New Jersey state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with claim-free, passive restraint, multiple vehicle, marriage, safe-driver, and defensive driving course discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on car insurance for seniors is 30% or $816.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 20’, 4591,1489],[‘Age 30’, 2381,3285],[‘Age 40’, 2327,1717],[‘Age 50’, 2131,1675],[‘Age 60’, 2069,1535],[‘Age 70’, 2589,1489]]);var options = {title: ‘Insurance Rate Comparison with Discounts for Seniors’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9’, ‘#98bee2’],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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

Reckless driving habits raise New Jersey car insurance rates

The obvious way to obtain cheap auto insurance for seniors in New Jersey is to be a careful driver and have a clean driving record. The illustration below demonstrates how traffic citations and fender-benders can drive up car insurance rates for each age group. The rates are based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied.

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 Two Accidents’],[‘Age 20’, 5237,6227,10065],[‘Age 30’, 2729,3719,7557],[‘Age 40’, 2677,3669,7507],[‘Age 50’, 2441,3433,7273],[‘Age 60’, 2365,3355,7195],[‘Age 70’, 2913,3903,7741]]);var options = {title: ‘Effect of Tickets and Accidents on New Jersey Auto 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 example above, the average cost of a car insurance policy in New Jersey per year with no accidents or violations is $3,060. Add in two speeding tickets and the average cost swells to $4,051, an increase of $991 each year. Then add two accidents along with the two speeding tickets and the 12-month cost of car insurance for seniors goes up to an average of $7,890. That’s an increase of $4,829, or $402 per month, just for not driving attentively!