The words "bargain" and "insurance" really should not be used together, especially when you are shopping around for the best coverage prices for teenage females. Let's learn about some of the factors the can have a considerable influence on insurance premiums, and see if you can lower the cost of the next policy you buy.
Establishing which company offers the lowest-priced car insurance rates for teenage females will take a bit more effort in order to find the lowest price. Every insurance company has a different formula for determining rates in each state, so we will examine the most affordable car insurance companies in Newark, NJ.
It's a good idea to know that Newark car insurance rates are impacted by many factors which can significantly increase or decrease the price you pay for coverage. Improving your credit score, moving to a new city, or getting a driving violation can trigger rate changes that can cause some rates to be more affordable than competitors.
Best Car Insurance Prices for Teens
|Rank||Company||Cost Per Year|
|3||New Jersey Manufacturers||$1,310|
|View More Rates Go|
21st Century may have some of the lowest car insurance rates in Newark at around $1,067 each year. Travelers, New Jersey Manufacturers, Penn National, and Palisades also are some of the lowest-priced Newark, NJ auto insurance companies.
In the above rates, if you currently have a policy with Palisades and switched to Travelers, you could realize yearly savings of approximately $239. Customers with California Casualty might save as much as $281 a year, and Allstate customers might lower prices by $322 a year.
These prices are averaged for all drivers and vehicles in New Jersey and are not factoring in an exact location for teenage females. So the company that has the cheapest rates for you may not even be in the list above. That is why you need to get rate quotes using your own individual information.
One of the many considerations that are looked at to determine auto insurance rates is where you normally keep your vehicle. Areas with more people or more claims tend to have more expensive car insurance rates, whereas areas with lower crime rates and fewer weather claims tend to receive slightly lower rates.
The following table sorts the most costly cities in New Jersey for teenage females to purchase a policy in. Newark makes the list at #2 with an annual cost of $2,572 for the average policy, which is approximately $214 each month.
|Rank||City||Average Per Year|
|3||West New York||$2,531|
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Rates are estimated as vehicle location can alter premiums significantly.
The type of vehicle driven is probably the largest consideration when comparing quotes for economical insurance for teenage females. Vehicles with reasonable performance levels, excellent safety ratings, or a positive history of liability claims will cost substantially less to insure than fast, unsafe models. The next list ranks auto insurance premiums for a handful of the most cost-effective vehicles to insure in New Jersey.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$7,283|
|Honda CR-V EX-L 4WD||$7,350|
|Dodge Grand Caravan SE||$8,198|
|Ford Focus S 4-Dr Sedan||$8,573|
|Toyota RAV4 Limited 4WD||$8,641|
|Chevrolet Impala LT||$8,648|
|Jeep Grand Cherokee Laredo 2WD||$8,641|
|Chevrolet Equinox LS 2WD||$8,650|
|Volkswagen Jetta S 4-Dr Sedan||$8,641|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$8,705|
|Ford Explorer Limited AWD||$8,714|
|Honda Civic VP 4-Dr Sedan||$9,019|
|Hyundai Elantra SE 4-Dr Sedan||$9,087|
|Toyota Camry SE||$9,094|
|Ford Edge Sport AWD||$9,087|
|Honda Odyssey Touring||$9,151|
|Chevrolet Malibu LTZ||$9,158|
|Nissan Altima Hybrid 4-Dr Sedan||$9,151|
|GMC Sierra SLE Crew Cab 2WD||$9,156|
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Table data assumes single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 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 influence price quotes considerably.
Based upon the table data, we can presume that cars like the Ford Escape, Honda CR-V, and Toyota Prius are most likely to be a few of the more affordable vehicles to insure for teen girls. The price for an auto insurance policy will tend to be more expensive because there is more claim risk for teenage females, but overall those specific models will tend to have the cheapest auto insurance rates compared to all other vehicles.
The diagram below demonstrates how choosing different deductibles can change insurance costs when getting quotes for cheap insurance for teenage females. The rate quotes are based on a married female driver, comprehensive and collision coverage, and no discounts are taken into consideration.
In the chart above, a 30-year-old driver could cut expenses by $382 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $576 by selecting a $1,000 deductible. Young drivers, such as the 20-year-old chart data, have the ability to save as much as $814 annually just by choosing higher deductibles. If you make the decision to raise deductibles, it's a good idea to have enough savings set aside to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Types of discounts on Newark insurance
Auto insurance companies that offer coverage for teenage females may provide discounts that could potentially reduce rates by as much as 40% or more if you can meet the requirements. The best car insurance companies and some of the discounts include:
- GEICO may include discounts for seat belt use, multi-policy, five-year accident-free, defensive driver, anti-lock brakes, and membership and employees.
- SAFECO offers discounts for drive less, anti-theft, anti-lock brakes, multi-car, teen safe driver, and homeowner.
- State Farm offers discounts including good student, safe vehicle, passive restraint, student away at school, good driver, Steer Clear safe driver discount, and anti-theft.
- MetLife may have discounts that include claim-free, multi-policy, accident-free, defensive driver, and good driver.
- 21st Century policyholders can earn discounts including homeowners, theft prevention, driver training, 55 and older, and early bird.
- Progressive has savings for online quote discount, homeowner, multi-policy, continuous coverage, multi-vehicle, online signing, and good student.
The example below illustrates the comparison of insurance premiums with and without some available policy discounts. The premium estimates are based on a female driver, no violations or claims, New Jersey state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with paperless filing, vehicle safety, anti-theft, paid-in-full, continuous coverage, and passive restraint discounts applied. In this example, theamount saved on car insurance for teenage females is 28% or $1,149.
How to find more affordable auto insurance for teenage females
Here are some of the better thrifty ideas that can help New Jersey drivers quote more affordable car insurance.
- Discounts for being claim-free can be substantial
- Do not get tickets or violations
- Drive vehicles with five-star safety ratings
- Maintain a safe distance and avoid accidents
- Drivers with good credit often pay less
- Shop around for cheaper rates regularly
That last tip is especially crucial, as we stressed in this article. Rates can change in a short period of time, so don't be hesitant to change insurance companies if a cheaper price is available. Many drivers have brand loyalty and that's fine, but it isn't a good idea if that inflexibility results in costing you a considerable chunk of change every month. It only take a few minutes to compare prices and find cheaper car insurance for teenage females in Newark.
The auto insurance agents in Newark shown below can most likely provide answers to your questions and help you determine which auto insurance coverages would be the best in your situation, since some drivers have questions and prefer to have some professional guidance when buying car insurance for teenage females. It can be difficult to find the best coverage yourself, and getting advice from a licensed agent can give you comfort knowing your policy gives you adequate asset protection. To locate a Newark car insurance agency in your neighborhood, click the button below the list or click here to compare rates now.
568 Broadway # B - Newark, NJ 07104 - (973) 482-5898
583 Central Ave - Newark, NJ 07107 - (973) 350-7850
Costa Do Sol Agency
650 Newark Ave - Elizabeth, NJ 07208 - (908) 352-3623
Ironbound Business Insurance
275 Chestnut St - Newark, NJ 07105 - (866) 497-1001
Farmers Insurance - Anthony Pugliese
41 Wilson Ave - Newark, NJ 07105 - (973) 732-2105