One of the more important components that are used to help calculate the annual cost of car insurance is your address in Newark. Cities with larger populations or higher claim trends tend to have more expensive auto insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates have the benefit of cheaper auto insurance prices.
The information below ranks the priciest cities in New Jersey with multiple speeding tickets to purchase auto insurance in. Newark ranks #2 with an annual premium of $2,522 for the average policyholder, which is approximately $210 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | East Orange | $2,597 |
| 2 | Newark | $2,522 |
| 3 | West New York | $2,456 |
| 4 | Union City | $2,450 |
| 5 | Paterson | $2,448 |
| 6 | Elizabeth | $2,446 |
| 7 | Passaic | $2,395 |
| 8 | Kearny | $2,358 |
| 9 | Jersey City | $2,322 |
| 10 | Hoboken | $2,307 |
| 11 | Clifton | $2,276 |
| 12 | Camden | $2,221 |
| 13 | Linden | $2,185 |
| 14 | Bayonne | $2,184 |
| 15 | Fort Lee | $2,144 |
| 16 | Perth Amboy | $2,144 |
| 17 | Atlantic City | $2,086 |
| 18 | Trenton | $1,974 |
| 19 | Hackensack | $1,921 |
| 20 | Plainfield | $1,898 |
| 21 | Lakewood | $1,874 |
| 22 | Sayreville | $1,863 |
| 23 | New Brunswick | $1,856 |
| 24 | Vineland | $1,788 |
| 25 | Toms River | $1,674 |
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Information shown are estimated as the specific zip code location can modify premiums noticeably.
The type of vehicle that is being insured is a significant factor when quoting economical insurance with multiple speeding tickets. Vehicles with lots of horsepower, a lack of modern safety features, or high incidents of liability claims will cost much more to insure than safer models. The information below estimates insurance rates for the most economical vehicles to insure in New Jersey.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX-P 4-Dr Sedan | $2,490 |
| Ford Escape Limited 2WD | $2,547 |
| Honda CR-V EX 2WD | $2,663 |
| Toyota Prius | $2,764 |
| Volkswagen Jetta S 4-Dr Sedan | $2,955 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $2,988 |
| Ford Explorer Eddie Bauer 2WD | $3,057 |
| Ford Edge Limited AWD | $3,119 |
| Hyundai Elantra GLS 4-Dr Sedan | $3,127 |
| Toyota Tacoma X-Runner 2WD | $3,119 |
| Toyota RAV4 Limited 2WD | $3,152 |
| Chevrolet Equinox LT AWD | $3,159 |
| Ford F-150 Lariat Crew Cab Harley 2WD | $3,173 |
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Table data represents single male driver age 30, two speeding tickets, no at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, and multi-vehicle. Information does not factor in your specific Newark, NJ location which can influence price quotes considerably.
Based upon these rates, you can presume that cars like the Honda Accord, Ford Escape, Honda CR-V, and Toyota Prius are the cheaper vehicles to insure after a few driving violations.
Deciphering which companies offer the best car insurance rates with multiple speeding tickets requires a little more work in order to find a policy that fits your budget. Every auto insurer uses their own formula to determine premium rates, so let’s take a look at the car insurance companies with the overall best prices in Newark.
It’s important to know that New Jersey car insurance rates are based on many factors which can substantially decrease or increase the price you pay for coverage. Simply turning a year older, marrying your spouse, or getting a ticket for running a stop sign can produce rate changes resulting in some companies being cheaper than others.
Best Car Insurance Prices with License Points
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | 21st Century | $1,078 |
| 2 | Travelers | $1,145 |
| 3 | New Jersey Manufacturers | $1,310 |
| 4 | Penn National | $1,366 |
| 5 | Palisades | $1,395 |
| 6 | California Casualty | $1,437 |
| 7 | Allstate | $1,478 |
| 8 | The Hartford | $1,491 |
| 9 | USAA | $1,553 |
| 10 | Mercury | $1,651 |
| 11 | Progressive | $1,862 |
| 12 | Amica | $1,887 |
| 13 | Esurance | $1,894 |
| 14 | MetLife | $1,991 |
| 15 | GEICO | $2,174 |
| 16 | State Farm | $2,182 |
| 17 | Encompass | $2,374 |
| 18 | Liberty Mutual | $2,890 |
| 19 | Hanover | $3,869 |
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21st Century quotes some of the most affordable car insurance rates in Newark at around $1,078 each year. Travelers, New Jersey Manufacturers, Penn National, and Palisades also qualify as some of the cheapest Newark, NJ car insurance companies.
As the example above demonstrates, if you are insured with Penn National and switched to Travelers, you could see savings of roughly $221. New Jersey drivers with Palisades might save as much as $250 a year, and California Casualty policyholders might realize rate reductions of up to $292 a year.
To see how much you can save, click here to begin a quote or visit any of the companies below.
It’s important to note that these policy rates are averaged for all insureds and vehicles and and are not calculated with an exact zip code location with multiple speeding tickets. So the auto insurance company that is best suited for you may not even be in the list above. That underscores the importance of why you need to get car insurance quotes using your own specific driver information and vehicle.
Types of discounts on Newark auto insurance rates
Car insurance companies that sell policies with multiple speeding tickets could also offer premium discounts that could reduce prices by as much as 35% if you meet the requirements. The best car insurance companies and a summarized list of policyholder discounts are included below.
- Farm Bureau offers discounts for multi-policy, renewal discount, youthful driver, safe driver, multi-vehicle, and 55 and retired.
- State Farm policyholders can earn discounts including good student, driver’s education, Steer Clear safe driver discount, multiple policy, anti-theft, and student away at school.
- Progressive offers discounts including multi-policy, online quote discount, multi-vehicle, homeowner, and good student.
- Allstate may offer discounts for new car, FullPay discount, good student, resident student, auto/life discount, defensive driver, and eSmart discount.
- Nationwide may include discounts for defensive driving, easy pay, accident-free, anti-theft, and good student.
- MetLife may have discounts that include accident-free, good student, good driver, claim-free, and defensive driver.
The illustration below visualizes the comparison of auto insurance rates with and without discounts being applied to the rates. The rates are based on a male driver, three violations and no at-fault accidents, New Jersey state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with passive restraint, continuous coverage, paid-in-full, anti-theft, vehicle safety, and homeowner discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on car insurance with multiple speeding tickets is 28% or $1,174.
Selecting a high-quality car insurance company can be difficult considering how many companies sell insurance in Newark. The company ratings in the lists below could help you decide which coverage providers you want to consider when shopping around.
These rankings are only made up of large, nationwide insurance companies, so smaller companies will not be included in the list. To view rates from the most competitive companies in New Jersey, follow this link.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Mercury Insurance | 87 | 96 | 100 | 87% | A+ | 93.4 |
| The Hartford | 88 | 96 | 91 | 93% | A+ | 92.6 |
| Progressive | 84 | 94 | 99 | 90% | A+ | 92.4 |
| Travelers | 84 | 93 | 100 | 87% | A++ | 92.3 |
| State Farm | 84 | 93 | 95 | 87% | A++ | 91 |
| Farmers Insurance | 87 | 92 | 90 | 85% | A | 90.6 |
| Safeco Insurance | 85 | 91 | 87 | 86% | A | 88.4 |
| USAA | 71 | 93 | 98 | 87% | A++ | 88 |
| GEICO | 73 | 93 | 95 | 85% | A++ | 87.1 |
| 21st Century | 85 | 85 | 91 | 89% | A | 86.9 |
| Liberty Mutual | 72 | 91 | 97 | 83% | A | 86.4 |
| AAA Insurance | 85 | 85 | 88 | 86% | A | 85.8 |
| Nationwide | 71 | 90 | 93 | 83% | A+ | 84.9 |
| Allstate | 69 | 92 | 92 | 83% | A+ | 84.4 |
| American Family | 77 | 96 | 80 | 85% | A | 83.8 |
| Esurance | 70 | 80 | 89 | 77% | A+ | 79.2 |
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Data Source: Insure.com Best Car Insurance Companies
Full coverage versus liability only rates
Saving money on car insurance is important to most vehicle owners, and one way to save on the cost of insurance with multiple speeding tickets is to not insure for full coverage. The chart below shows the difference between insurance costs with full physical damage coverage compared to only buying liability only. The information is based on no accidents, no driving violations, $250 deductibles, single marital status, and no discounts are applied to the premium.
If we average the cost for all age groups, comp and collision coverage costs an additional $2,515 per year over and above liability coverage. That is a big expense that brings up the question if physical damage coverage is worth the money. There is no definitive rule of when to eliminate physical damage coverage, but there is a general guideline. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.
There are some situations where removing full coverage is not advised. If you still have a lienholder on your title, you have to keep full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.
The benefits of price comparisons
Newark, NJ car insurance rates are influenced by many factors which can significantly increase or decrease the price of your policy. Getting older, having a claim, or getting a couple of tickets can trigger changes in premium that can make some companies more affordable than before.
And not only may your rating factors change, but auto insurance companies file new rates without warning to ensure their profitability. A period of higher than normal claims may cause increased rates, while profitable underwriting may cause lower-priced Newark car insurance rates.
For example, the data below shows which company has the cheapest car insurance in Newark, NJ for a 40-year-old female driver with no prior claims, no tickets, and a high credit rating. When comparing rates based on her personal risk profile, 21st Century might quote the cheapest car insurance rates in Newark at $1,607 annually. This is $245 less than the average policy premium paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades are the rest of the cheapest Newark, NJ auto insurance companies.
The next chart shows rates after we give the driver from above some claims, slightly worse credit, and a couple of points charged on her driving record. Due to the fact that each insurance company has a different formula for establishing rates, comparing quotes will most likely result in a completely different list of the cheapest companies as shown below.
The Hartford now has the best insurance rate in Newark, NJ with Allstate, Mercury, USAA, and Travelers also having competitive pricing. This example demonstrates why consumers need to take the time to do a thorough rate comparison when trying to find the most affordable insurance rates with multiple speeding tickets. Insurance prices can be determined by many risk factors and can change substantially, so the best price the last time you compared rates may now be one of the more expensive options.
If you aren’t clear which coverage you need and would like to get some professional input when shopping around for cheaper insurance with multiple speeding tickets, the agents listed below can aid you in deciding which coverages and limits you need.
To find a Newark insurance agent nearest to you, click the button below the list.
- Abbott/Milano Insurance Agency
9 Frank E Rodgers Blvd S – Harrison, NJ 07029 – (973) 350-9999 - ESTIR Inc
326 Bloomfield Ave – Newark, NJ 07107 – (973) 481-5300 - Costa Do Sol Agency
650 Newark Ave – Elizabeth, NJ 07208 – (908) 352-3623 - Dependable Insurance Agency Inc
1030 S Orange Ave – Newark, NJ 07106 – (973) 372-0002 - Express Insurance
775 Newark Ave – Jersey City, NJ 07306 – (201) 217-1780