How Much Does Auto Insurance Cost for Postal Workers in New Jersey?

The words “low-cost” and “insurance” probably shouldn’t be used together, in particular when you are looking for the lowest insurance rates for postal workers. To save some money, let’s get started by showing you a few of the things that can significantly affect insurance prices, and come up with some ways to reduce the cost of the next policy you buy.

When buying insurance for postal employees, one of the key criteria that help determine the amount you pay each year for auto insurance is the neighborhood you call home. Areas that are more densely populated or have higher claim rates like Newark, East Orange, and Elizabeth tend to have higher auto insurance costs, whereas areas with lower crime rates and fewer weather claims have the luxury of lower rates.

The illustration below ranks the more expensive cities in New Jersey for postal workers to buy auto insurance in.

Rate information is approximated as the specific zip code location can influence coverage prices substantially.

Comparing rates for reasonably-priced car insurance is hard enough, and deciding which company has the lowest-priced insurance rates for postal workers takes additional perseverance. Every insurance company has a proprietary method to set premium rates, so let’s take a look at the insurance companies that tend to be cheaper in New Jersey.

It’s a good idea to be aware that New Jersey insurance rates are determined by lots of factors that may substantially change the cost of coverage. Improving your credit score, having a teenage driver, or getting caught speeding can produce rate changes that can cause some rates to be more expensive than before.

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

As shown in the table above, if you have coverage with New Jersey Manufacturers and switched to 21st Century, you might see a yearly price reduction of about $186. New Jersey drivers with Palisades might save as much as $230 a year, and Penn National policyholders might reduce prices by as much as $255 a year.

To get a fast rate comparison, click here to begin a quote or quote prices from the following companies.

Bear in mind that those premiums are averaged for all drivers and vehicles and and are not figured with a price decrease for postal workers. So the car insurance company that can offer the best rates for your situation may not even be in the chart above. That is why you need to compare as many prices as possible using your own individual information.

The vehicle model to be insured is probably the biggest factor when consumers are trying to find cheap insurance for postal workers in New Jersey. Vehicles with high performance engines, poor passenger safety features, or high incidents of liability claims will cost substantially more to insure than more modest models.

The data below estimates car insurance costs for the most affordable vehicles to buy coverage for.

Data based on 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, claim-free, safe-driver, and multi-vehicle. Premium costs do not factor in the specific area where the vehicle is garaged which can revise premiums substantially.

Based upon these rates, you can see that models like the Ford Escape, Jeep Wrangler, Honda Accord, Subaru Outback, and Honda CR-V are likely to be the cheaper vehicles to insure for postal employees.

How to get discounts on New Jersey insurance

Insurance companies that provide cheap insurance for postal workers in New Jersey could also offer discounts that could potentially reduce rates by as much as 30% if you qualify for them. A list of insurance companies and the discounts they provide are:

• State Farm has savings for good student, accident-free, Drive Safe & Save, multiple policy, student away at school, anti-theft, and safe vehicle.
• GEICO discounts include five-year accident-free, daytime running lights, good student, federal employee, and membership and employees.
• Progressive may offer discounts for continuous coverage, multi-vehicle, good student, homeowner, and multi-policy.
• 21st Century offers premium reductions for defensive driver, theft prevention, good student, automatic seat belts, air bags, and teen driver.
• American Family offers discounts including good driver, defensive driver, mySafetyValet, early bird, TimeAway discount, good student, and air bags.
• The Hartford offers discounts for air bag, anti-theft, driver training, good student, bundle, and vehicle fuel type.
• AAA policyholders can earn discounts including anti-theft, multi-car, multi-policy, education and occupation, and pay-in-full.

The diagram below compares car insurance rates with and without discounts applied to the policy rates. The premiums are based on a female driver, no violations or accidents, New Jersey state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with defensive driving course, anti-theft, homeowner, safe-driver, multiple vehicle, and accident-free discounts applied. In this example, the the average yearly reduction on insurance for postal workers is 28% or $661.

Tickets and at-fault accidents raise rates

The best way to snag the cheapest insurance prices for postal employees is to pay attention while driving and not receive tickets or have accidents. The example below shows how speeding tickets and accidents drive up insurance prices for different age groups of insureds. The premiums are based on a single female driver, full coverage, $1,000 deductibles, and no discounts are applied.

The data charted above shows the average cost of car insurance per year with no accidents and a clean driving record is $1,920. Get written up for one speeding ticket and the average cost jumps to $2,179, an increase of $259 each year. Then throw in two accidents along with the one speeding ticket and the yearly cost of insurance for postal workers jumps again to an average of $4,618. That’s an increase of $2,698, or $225 per month, just for not driving carefully!

How to find economical car insurance for postal workers

Here are many thrifty solutions that can help drivers buy lower-cost coverage.

• Safe vehicles cost less to insure
• Drive attentively and avoid accidents
• On older vehicles, drop full coverage
• Bundle car and home insurance and save money
• Good credit can save money
• Check for cheaper rates once a year

The final tip is very critical, as was affirmed in the prior article. Auto insurance rates vary greatly, so don’t be tentative to switch companies if a lower price can be found. Many drivers tend to have loyalty to a certain company, but it’s not a great idea if that inflexibility results in costing you lots of hard earned cash every month. It only take a few minutes to shop around to find cheaper insurance for postal workers.