UPDATED: Mar 13, 2020
It’s all about you. We want to help you make the right coverage choices.
We strive to help you make confident insurance decisions. Comparison shopping should be easy. We partner with top insurance providers. This doesn’t influence our content. Our opinions are our own.
Cheap Car Insurance in Jersey City, NJ
In the market for cheap auto insurance in Jersey City, NJ? With AutoInsuranceEZ.com, you will discover the cheapest insurance policy locally. To find free car insurance estimates offered by the very best providers right away, input your zip code within the quote box in this article.
Jersey City started out as a hub for everything industrial, and the city’s convenient waterfront location is essential for shipping and transportation. It is also located across the river from lower Manhattan, providing lower-cost housing and commercial space for those people and businesses which require a quick commute to New York City.
- Fun fact: were you aware that Jersey City is #5 on the list of “Top 100 most racially diverse cities (pop. 50,000+)”? Intrigued by discovering more about Jersey City? Click here!
Auto Insurance Coverage Requirements in New Jersey
Driving legally in Jersey City 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|
New Jersey is in the minority of states where Uninsured Motorist coverage is part of the mandatory legal minimum insurance package. But if you are injured in an accident, and the motorist who hit you was not carrying insurance at the time, consider up to $30,000 of your medical expenses paid for.
Maintaining auto insurance in New Jersey can be as expensive as paying up to $159 or more each month for your coverage. However, in Jersey City, you have options. And some of those options are as affordable as $96/mo*!
For the average driver looking for a bargain, you can probably get the lowest rate from either Cal Casualty, Allstate, or Mercury. But keep in mind that these numbers are for the average driver. If you have a special circumstance, like poor credit or you’re under the age of 25, those low rates could change drastically.
Auto insurance providers consider various variables when determining insurance prices, among them driving experience, driving violations, occupation, miles driven each year, and multiple cars and drivers. Also, premiums could vary from business to business. To find out if you are still paying the best rate, examine cheap Jersey City auto insurance costs online.
Major Car Insurance Factors in Jersey City
At the time your automobile insurance agency sits down to come up with your insurance plan, they take quite a few factors into consideration. Many of these, like your car’s make/model or maybe your particular location, tend to be impossible to alter. A few additional elements are:
Your Zip Code
Most of the time, the lowest priced car insurance is usually associated with urban centers having a smaller population density. Since there are less cars cruising the road, you will find fewer opportunities to get involved in a significant car wreck with another motorist. The population of Jersey City is actually 257,342 plus the common family income is $54,700.
Considering the fact that more than a quarter of a million people live within the Jersey City limits, fatal accident statistics in this chart are actually pretty low. Part of this can be attributed to the fact that Jersey City has a very robust public transportation system, which keeps most of the would-be dangerous motorists off the roads. Regardless, for those who do drive, you’re probably getting lower monthly premiums as a result.
Auto Thefts in Jersey City
Jersey City is a large, heavily populated city, and thus no stranger to auto theft. However, things are improving. In 2013, the total number of auto thefts dropped to 738. You’re still going to want to invest in some forms of protection, though, such as a passive anti-theft device. You might also want to make sure your policy comes with Comprehensive coverage.
Your Credit Score
Major providers in Jersey City can and will adjust your monthly premiums based on your credit score. In the chart below, only one company (Mercury) falls short of charging drivers with poor credit a 100% or more increase in premiums. That is how influential your credit score is when it comes to calculating monthly rates.
Car insurance rates are exceptionally high as it is for adult drivers – and when you’re talking about insuring a young adult, the numbers get even higher still. There are Good Student and Driver’s Education discounts available, but even with their help, you’re still looking at some incredibly high monthly premiums for drivers under the age of 25.
Your Driving Record
If you have a major violation on your record in Jersey City, such as a DUI or a serious at-fault accident, your monthly premiums will skyrocket – and some companies may drop your coverage completely. But if all you have are a few minor violations, call your agent and ask about “Accident Forgiveness”. You might be eligible for discounts!
The more expensive your car is to repair or replace, the more you will have to purchase in insurance coverage. And the more you purchase, the more you will have to pay in premiums each month. Such is the nature of luxury vehicle protection.
Minor Car Insurance Factors in Jersey City
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
Are you married? Are you and your spouse bundled together on the same automotive insurance policy? If you both drive, and you both require automotive coverage, then you’re missing out on some pretty substantial savings by keeping your policies separate.
Many insurance companies don’t charge different rates based on gender anymore. If your insurer still does, and you feel you are in the marginalized group, it may be time to start shopping around for new quotes. Finding a company which won’t discriminate based on gender is easier than you might think!
Your Driving Distance to Work
For those in Jersey City who commute by car, you can expect an average commute time to last 35-41 minutes. But this is only a small percentage of drivers (about 40%). Around 8-15% will likely carpool, another 14% will take the bus, and 17% will get around by subway.
If you think you’ll save a bundle by reducing your yearly mileage, you’d be off by a little bit. In order to save any money at all, you’d have to slash your mileage by 5,000 miles or more – and that’s just for a meager 4-6% discount.
Your Coverage and Deductibles
Are your deductibles too low? Well, if you feel like you’re paying too much for your automotive insurance premiums, they just might be. Talk to your insurance agent about your deductible, and see if you’re eligible to raise it for a reduced monthly premium.
Education in Jersey City, NJ
While 27% of Jersey City residents have not yet completed all four years of high school, at least one-quarter of the population has completed their high school diploma or some other equivalent. That being said, there are new incentives to go back to school and/or take your education further: one of those is cheaper premiums on your car insurance policy! Believe it or not, having a college degree is better for insurance discounts than having a specific job title, or a high annual salary.
For those who don’t wish to commute into neighboring cities for their higher education, there are plenty of local options to choose from. New Jersey City University has been around for over 70 years and offers four-year and graduate-level degrees. St. Peter’s College is also a four-year institution affiliated with the Jesuits. And if you are looking for a certificate or an associate’s degree, look no further than Hudson County Community College.
Locating affordable automobile insurance may be a hassle. There’s lots of important information to look at, and determining the way in which insurance agencies evaluate your potential risk could be complicated. But don’t allow the wrong insurance provider to convince you to sign up for a bad policy.
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.