What Car Insurance is Cheapest for Drivers with Accidents in Newark?

Finding dependable, cost effective car insurance is not the easiest thing to do, and finding out which company offers the cheapest auto insurance rates for drivers with accidents will require even more rate comparisons.

Every auto insurer has their own process for setting rates, so we need to take a look at the most competitive auto insurance companies in Newark. It’s a good idea to know that New Jersey auto insurance rates are based on many factors that may substantially change the price you pay. Price variation is why it is critical to perform a complete rate comparison when trying to get the most economical car insurance rates for drivers with accidents. Prices can be altered by many different factors and can change without notice, so the best option when you bought your policy may now be quite expensive.

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What’s the cheapest car insurance in New Jersey?
Rank Company Cost Per Year
1 21st Century $1,111
2 Travelers $1,156
3 New Jersey Manufacturers $1,258
4 Palisades $1,354
5 Penn National $1,366
6 California Casualty $1,451
7 Allstate $1,478
8 The Hartford $1,491
9 USAA $1,553
10 Mercury $1,587
11 Amica $1,813
12 Progressive $1,862
13 Esurance $1,913
14 MetLife $2,010
15 State Farm $2,226
16 GEICO $2,240
17 Encompass $2,374
18 Liberty Mutual $2,920
19 Hanover $3,909
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21st Century has some of the most affordable car insurance rates in Newark at around $1,111 annually. Travelers, New Jersey Manufacturers, Palisades, and Penn National would also make the list of some of the cheaper Newark, NJ car insurance companies.

As shown in the table above, if you are a customer of Palisades and switched to Travelers, you may realize a yearly savings of around $198. Insureds with Penn National could save as much as $210 a year, and California Casualty customers might see rate reductions of $295 a year.

Bear in mind that those policy rates are averaged across all ages of drivers and types of vehicles and and are not calculated with an exact vehicle garaging location for drivers with accidents. So the car insurance company that can offer you the lowest price may not even be in the top 19 companies shown above. That helps illustrate why you need to compare prices as often as possible using your own driver and vehicle profiles.

The vehicle driven is one of the primary factors that determines the availability of the cheapest coverage for drivers with accidents. Vehicles with limited top-end speed, excellent safety ratings, or a low likelihood of liability claims will cost much less to insure than higher performance models. The next list presents auto insurance prices for the cheaper vehicles to buy coverage for.

Cheapest Vehicles to Insure in Newark, NJ
Insured Vehicle Estimated Cost for Full Coverage
Honda CR-V LX 4WD $4,434
Toyota Prius $4,539
Ford Escape Limited 4WD $4,700
Honda Accord EX-L 4-Dr Sedan $4,709
Honda Odyssey LX $4,840
Ford Focus S 4-Dr Sedan $4,899
Chevrolet Equinox LS AWD $4,950
Toyota RAV4 Limited 4WD $4,958
Ford Edge SEL AWD $5,114
Hyundai Elantra GLS 4-Dr Sedan $5,210
Toyota Tacoma Double Cab 4WD $5,230
Nissan Altima 2.5 4-Dr Sedan $5,251
Chevrolet Impala LT $5,258
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Above prices assume single male driver age 40, no speeding tickets, two at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, multi-vehicle, and multi-policy. Rate quotes do not factor in specific Newark, NJ garaging location which can alter coverage prices noticeably.

Looking at the rates, we can presume that vehicles like the Honda CR-V, Toyota Prius, and Ford Escape are most likely going to be some of the cheaper vehicles to insure for drivers with at-fault accidents. Car insurance rates will be more costly because of the fact that there is more claim exposure for drivers with accidents, but overall those makes and models will probably have the cheapest car insurance rates possible.

One of the more important factors that are looked at to help calculate auto insurance rates is where you keep your vehicle. Areas with more people or more claims will most likely have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower prices.

The information below shows the highest-priced areas in New Jersey for drivers with accidents to purchase a policy in. Newark makes the list at #2 with the annual price of $2,522 for car insurance, which is about $210 per month.

Car insurance prices in Newark
Rank City Premium Per Year
1 East Orange $2,571
2 Newark $2,522
3 Paterson $2,448
4 Elizabeth $2,446
5 West New York $2,431
6 Hoboken $2,377
7 Clifton $2,368
8 Kearny $2,358
9 Union City $2,354
10 Jersey City $2,322
11 Passaic $2,301
12 Bayonne $2,207
13 Linden $2,185
14 Camden $2,133
15 Perth Amboy $2,102
16 Atlantic City $2,086
17 Fort Lee $2,081
18 Trenton $1,954
19 Hackensack $1,940
20 Sayreville $1,939
21 Plainfield $1,898
22 New Brunswick $1,875
23 Lakewood $1,819
24 Vineland $1,806
25 Toms River $1,674
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Table data uses comparative as the vehicle garaging location can affect prices significantly.

Finding a high-quality company can be challenging considering how many choices drivers have in New Jersey. The ranking data shown below may help you select which coverage providers to look at when comparing rate quotes. The rankings below include the companies with a significant amount of written premium nationwide, so smaller regional companies are not included in the list.

Best 15 Auto Insurance Companies for Drivers with Accidents in New Jersey
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
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Data Source: Insure.com Best Car Insurance Companies

The chart below illustrates how your choice of deductibles can raise or lower premium costs when searching for cheap insurance for drivers with accidents. The data is based on a single male driver, full physical damage coverage, and no discounts are factored in.

As shown above, a 40-year-old driver could lower rates by $552 a year by increasing from a $100 deductible up to a $500 deductible, or save $830 by using a $1,000 deductible. Even younger insureds, such as the 20-year-old example, can cut as much as $1,820 each year just by choosing higher deductibles. When choosing a higher deductible, it’s a good idea to have plenty of discretionary funds to offset the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Newark car insurance rates

Newark, NJ auto insurance rates are based on many factors that control the policy price. Simply improving your credit, getting married, or getting a few speeding tickets may generate price changes that may make certain companies cheaper than before. Also, car insurance companies modify pricing every year in order to remain profitable. Higher than normal claims can result in higher prices, while better underwriting can result in lower-cost Newark car insurance rates.

For example, the bar chart below demonstrates which company has the cheapest car insurance in Newark, NJ for a 30-year-old male driver with no accidents, a clean driving record, and a good credit rating. Based on his current rating profile, 21st Century quotes the most affordable car insurance rates in Newark at $1,591 a year. This is $261 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 top five cheapest Newark, NJ auto insurance companies.

Now we will pretend the driver from the first example a claim surcharge, poor credit, and a few traffic violations. Since every insurance provider has a unique formula to set premium rates, getting updated rate quotes may result in a substantially altered list of affordable companies as shown below.

Allstate now has the best insurance rate in Newark, NJ with California Casualty, USAA, Travelers, and Mercury now rounding out the top five. This example proves why New Jersey drivers need to compare as many rates as possible to get the lowest insurance rates for drivers with accidents.

Insurance prices can be determined by many different factors and can decrease or increase without notice, so the cheapest rate when you last compared rates may now be one of the more expensive options.