UPDATED: Mar 13, 2020
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Cheap Car Insurance in Edison, NJ
Are you looking for cheap auto insurance in Edison, NJ? With AutoInsuranceEZ.com, you’ll find the best insurance premiums locally. To acquire free car insurance rates offered by the major providers right away, type in your local zip code within the quote box in this posting.
What is today known as Edison Township has gone by many different names since its founding, but the name was officially changed in the mid 1950’s in honor of Thomas Edison, the famous inventor who spent many years of his life in the city. Edison has received awards for being one of “America’s Safest Cities” and one of the “Best Places to Live” in the US from several major publications.
- Fun fact: Are we there yet? Because Edison is #52 on the list of “Top 100 cities with longest commuting times (pop. 50,000+)”. Thinking of learning more about Edison? Click here!
Auto Insurance Coverage Requirements in New Jersey
Driving legally in Edison requires:
|Bodily Injury Liability||15,000/30,000||100,000/300,000|
|Property Damage Liability||5,000||50,000|
|Uninsured Motorist Bodily Injury||15,000/30,000||15,000/30,000|
|Medical Payments||Not required||5,000|
|Collision||Not required||500 deductible|
|Comprehensive||Not required||250 deductible|
Most states will only make you purchase Liability coverage, but New Jersey is also a state which requires some Uninsured Motorist coverage. Having this additional form of coverage on your New Jersey car insurance policy will protect you if someone without insurance (or someone who hits you and runs) is deemed liable for the accident.
Your typical New Jersey Motorist is likely paying around $82 each month in automobile insurance premiums. However, living in Edison gives you a distinct advantage – you can actually find rates as low as $36/mo* or more if you act quickly!
Most drivers can get a fairly low quite in Edison from either Liberty Mutual, State Farm, or Amica. But keep in mind that certain companies charge either drastically more (or delightfully less) for certain circumstances based on age, credit score, and your driving history. Just be sure to do your research into each company before you decide to switch.
Auto insurance carriers contemplate various elements when establishing quotes, especially gender, geography, credit score/rating, education, and theft protection devices. On top of that, premiums might vary from provider to provider. To verify you are still paying the best fee, examine New Jersey car insurance rates over the internet.
Major Car Insurance Factors in Edison
There is a number of various things that may factor into the rate quotes you are offered. While many specific elements aren’t really anything you can do something about, some of them are elements that you can change for the better. Here are some elements which might change your automobile insurance premium:
Your Zip Code
Your car insurance rates could vary based on where you call home. In general, highly populated urban centers possess higher auto insurance rates as the additional number of drivers on the highway raises the likelihood of a collision! The total population of Edison amounts to 101,207 and also the normal family income is $87,228.
For any zip code in which serious, fatal accidents are on the rise, your local providers will likely raise monthly rates in that area. The accident statistics for Edison are displayed in the chart below. Considering the population and the region, these numbers might be running a little high. Talk to your agent about any Safe Driver discounts you might qualify for to offset any region-based rate hikes.
Auto Thefts in Edison
Obtaining inexpensive auto insurance can be difficult should you be vulnerable to auto theft. Certain popular car or truck models usually are attractive to thieves, in addition to cars or trucks which are left frequently in big urban centers. Although Edison is #23 on the list of America’s 371 safest cities and auto theft statistics are fairly low, the state has some of the highest rates of car theft in the entire country. Your insurance company will take this into account when crafting your policy, and will likely suggest that you add some Comprehensive coverage in order to protect yourself.
Your Credit Score
Your credit score is one of those personal attributes which can either help you or haunt you throughout your life. If you have perfect credit, then there’s nothing to worry about; you’re probably already paying the lowest possible rate. However, anything less than perfect credit will result in an inflated monthly premium.
Getting affordable insurance for any driver under the age of 25 is a difficult task. Students are fortunate enough that they can take advantage of Good Student discounts and take Driver’s Ed courses, which will help lower monthly premiums. Until they develop experience behind the wheel, however, things will remain fairly expensive.
Your Driving Record
Some New Jersey insurance providers are particularly harsh when it comes to DUIs or serious, at-fault accidents, as you can see in the chart below. But regardless of what is on your record, you will have to pay higher rates for having violations on it – unless you qualify for an accident forgiveness discount, that is. Ask your insurance agent for more information.
It would be silly to insure a $300,000 luxury vehicle with only $30,000 in Liability coverage – you’d still have to pay the difference (up to $270,000) in order to repair or replace your vehicle, and that’s only if the accident is your fault. That’s why luxury vehicle insurance is so much more expensive than the bare minimum. If you’re going to insure an expensive automobile, you’re going to want to purchase large amounts of several different coverage types.
Minor Car Insurance Factors in Edison
Some people are unaware of one or more of the factors above. Yet still more drivers aren’t aware of these factors either:
Your Marital Status
Married couples are in the best position imaginable to take advantage of bundling discounts. Not only can you and your spouse combine your auto policies into one and reap some serious savings, but you can bundle additional forms of coverage, such as homeowner’s or RV insurance, if your provider offers such policies.
Did you know that, statistically speaking? Women are just as likely to get into an auto accident as men are? Which explains why most providers these days don’t discriminate much based on gender alone anymore – if there’s no inherent risk, then there’s no reason for your insurance company to charge you more based on gender.
Your Driving Distance to Work
The average commute time for Edison drivers usually lasts somewhere between 35-38 minutes. Most drivers, around 75%, will choose to drive to work each day alone in their own car, while 8% will carpool with their co-workers. 4% will take the train in to work.
Did you know that business vehicles will cost at least 11% more each month in premiums than personal use vehicles? Therefore, if you can help it, try to make sure you use your car, truck, or SUV for personal purposes only.
Your Coverage and Deductibles
The deductible is the amount of money you pay your insurance company so that they will fix or replace your vehicle in the event of any damage or theft. Raising your deductible will prompt most companies to lower your monthly premiums – just make sure you have some extra money saved away so that, in case the worst happens, you can afford that higher deductible.
Education in Edison, NJ
Edison is a well-educated city; more than one-quarter of the population has earned a bachelor’s degree. Another 23% have also successfully completed their high school requirements for a diploma. If you are one of these educated drivers in Edison, you might want to check with your car insurance company – many providers offer lower rates to motorists with advanced degrees. This is even more common than getting low rates for having a specific job, or getting cheaper premiums for having a large salary.
For those Edison residents who have higher education needs, there are several public and private options to consider. Rutgers operates its Livingston Campus there, and Middlesex County College offers two-year programs for students who want a professional degree in less time. Lincoln Tech, a private, for-profit school, offers its students degrees in Computer Networking and Nursing.
Establishing your own personal financial risk can be extremely challenging or impossible for the standard insurance shopper. Insurance companies have an edge on buyers because of their data and experiential know-how. Uncover the things insurance agencies don’t really want anyone to be aware of.
How We Conducted Our Car Insurance Analysis
*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.