Who Has the Cheapest Auto Insurance for a 20 Year Old Female in New Jersey?

You have most likely watched the captivating commercials from car insurance companies like Allstate and The General that promise big savings, so drivers should just pick one at random, right?

Unfortunately, it’s not that simple as there are a whole bunch of unknowns like if you have ever had a coverage lapse, whether or not you own a home, and if you are a woman or a man, that all have an effect on the price. We will touch on the different scenarios that increase car insurance cost and educate you enough to have a good start in finding the cheapest insurance.

The make and model of vehicle you are insuring is one of the main factors that determines whether or not you find the cheapest car insurance for 20 year old women in New Jersey. Vehicles with lots of speed or power, poor safety features, or high incidents of liability claims will cost substantially more to insure than safer, lower-performance models. The next tables outlines insurance prices for a selection of the most cost-effective automobiles to insure.

Table data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, and safe-driver. Price information does not factor in vehicle location which can impact coverage rates noticeably.

Premium data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in garaging location in New Jersey which can influence coverage rates considerably.

Price data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in vehicle garaging location which can alter insurance rates greatly.

One of the many factors that auto insurance companies use to determine the policy price is where your residence is in New Jersey. Cities with larger populations like West New York, Newark, and Paterson tend to have higher rates, whereas cities that are not as densely populated benefit from lower rates.

The following table displays the highest-priced areas in New Jersey for 20 year old women to purchase a policy in.

Table data uses approximated as the vehicle garaging location can lower or raise premiums considerably.

Trying to find low-priced car insurance is difficult, and figuring out which company has the most affordable car insurance rates for 20 year old women requires a little more work. Coverage rates will most likely be quite a bit higher than the state average due to the potential for more claims associated with offering insurance for young women, but competitively-priced coverage may be possible with a little diligence. Each auto insurer has their own process to determine premium rates, so let’s begin by examining the car insurance companies that tend to have lower prices in New Jersey.

It’s a good idea to be aware that New Jersey car insurance rates are determined by lots of factors which can substantially decrease or increase the price you pay. Things like getting older, having a teenage driver, or getting a DUI may cause policy rate changes that can cause some rates to be less affordable than competitors.

Cheap Insurance Rates for Women Age 20

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21st Century generally has some of the most affordable car insurance rates in New Jersey at around $1,100 annually. Travelers, New Jersey Manufacturers, Penn National, and Palisades would also make the list of some of the best New Jersey car insurance companies.

In the above example, if you currently have a policy with New Jersey Manufacturers and switched to 21st Century, you could realize savings of upwards of $210. New Jersey drivers with Penn National might save as much as $238 a year, and Palisades policyholders might cut rates by $241 a year.

It’s important to note that these estimates are averages across all drivers and vehicles in New Jersey and are not factoring in a rate increase for 20 year old women. So the insurer that fits your needs best may not even be featured in the list of companies above. That is why you need to quote rates from many companies using your own driver data and vehicle information.

Careless driving habits raise New Jersey car insurance rates

One of the best ways to maintain good car insurance premiums in New Jersey for young women is to be a cautious driver and not get tickets or have accidents. The diagram below highlights how traffic violations and at-fault claims can impact insurance rates for different ages of insureds. The premium estimates are based on a single female driver, comp and collision included, $1,000 deductibles, and no discounts are applied to the premium.

The data charted above shows the average cost of auto insurance in New Jersey per year with no violations or accidents is $2,559. Receive two speeding tickets and the average cost surges to $3,412, an increase of $854 each year. Then throw in one accident along with the two speeding tickets and the yearly cost of car insurance for 20 year old women goes up to an average of $4,293. That’s an increase of $1,735, or $145 per month, just for not being attentive to the road!

How to get discounts on New Jersey car insurance rates

Insurance companies that sell the cheapest car insurance for 20 year old women in New Jersey may also offer policy discounts that could reduce prices by 25% or more if you meet specific eligibility requirements. A few of the larger companies and a selection of discounts can be found below.

• Mercury Insurance has discounts for ease of repair, anti-theft, accident-free, multi-policy, low natural disaster claims, age of vehicle, and good driver.
• Farmers Insurance discounts include homeowner, bundle discounts, mature driver, distant student, early shopping, and switch companies.
• Farm Bureau may offer discounts for safe driver, multi-policy, good student, renewal discount, and youthful driver.
• State Farm includes discounts for multiple policy, accident-free, multiple autos, defensive driving training, anti-theft, and good student.
• Allstate may include discounts for 55 and retired, safe driver, multi-policy, farm vehicle, and anti-theft.
• GEICO offers discounts including federal employee, multi-vehicle, driver training, military active duty, good student, five-year accident-free, and anti-theft.

The example below shows the comparison of insurance rates with and without some available policy discounts. The price estimates are based on a male driver, no claims or driving violations, New Jersey state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with paperless filing, anti-theft, passive restraint, paid-in-full, good student, and vehicle safety discounts applied. When drivers qualify for the discounts, the average savings per year on car insurance for 20 year old women is 18% or $505.

How to find the cheapest car insurance for 20 year old women in New Jersey

It’s not impossible to find cheaper rates, and here are some thrifty solutions that can help drivers locate the cheapest coverage.

• Buy a safer vehicle
• Staying accident-free helps keep rates low
• Raise comprehensive and collision coverage deductibles
• Save money by only buying liability coverage for older vehicles
• Better credit rating means better rates
• Save money by observing traffic laws and speed limits
• Shop around for cheaper prices

That last idea is remarkably vital, as we hit on in the prior information. Car insurance prices can be changed at any time, so don’t be hesitant to buy a policy from a new company if you find a cheaper price.

Many drivers tend to have loyalty to a certain company, but is isn’t recommended if that faithfulness ends up costing you money that could be used for better things. In just a couple of minutes you could compare rates to find cheaper insurance for 20 year old women.