Trying to buy low-priced auto insurance is difficult, and determining which insurers offer the most affordable auto insurance rates for 17 year olds will take additional perseverance. Each company uses their own calculation for determining rates in each state, so let’s begin by taking a look at the lowest cost auto insurance companies in New Jersey.
It’s important to understand that New Jersey auto insurance rates are impacted by many things which can substantially change the price you have to pay. Simply having another birthday, having a teen driver, or getting a driving violation can trigger changes in premium that may make certain companies much cheaper than others.
Find Cheaper Car Insurance for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | 21st Century | $1,067 |
| 2 | Travelers | $1,191 |
| 3 | New Jersey Manufacturers | $1,310 |
| 4 | Penn National | $1,325 |
| 5 | Palisades | $1,395 |
| 6 | California Casualty | $1,437 |
| 7 | Allstate | $1,523 |
| 8 | The Hartford | $1,536 |
| 9 | USAA | $1,585 |
| 10 | Mercury | $1,635 |
| 11 | Amica | $1,813 |
| 12 | Esurance | $1,856 |
| 13 | Progressive | $1,919 |
| 14 | MetLife | $1,951 |
| 15 | State Farm | $2,182 |
| 16 | GEICO | $2,196 |
| 17 | Encompass | $2,303 |
| 18 | Liberty Mutual | $2,890 |
| 19 | Hanover | $3,909 |
| Find Cheaper Rates Go | ||
21st Century generally has some of the cheapest car insurance rates in Newark at around $1,067 a year. Travelers, New Jersey Manufacturers, Penn National, and Palisades would also make the list of some of the lowest-priced Newark, NJ auto insurance companies.
As illustrated above, if you currently have a policy with Penn National and switched to Travelers, you could realize an annual premium reduction of about $134. Insureds with Palisades may save as much as $204 a year, and California Casualty insureds might reduce rates by $246 a year.
Bear in mind that those premium estimates are averages for all insureds and vehicles and and are not figured with a specific vehicle garaging location for 17 year olds. So the company that fits you best may not even be in the top 19 companies shown above. That affirms the importance of why you need to compare rates from as many companies as possible using your own personalized driver profile and vehicle information.
The type of vehicle you are seeking coverage for is one of the main factors when consumers are trying to find the best cheap car insurance for 17 year olds. Vehicles with reasonable performance levels, modern passenger safety features, or a positive history of liability claims will cost significantly less to insure than higher performance models.
The data below illustrates auto insurance costs for a handful of the cheaper automobiles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $6,653 |
| Honda Accord EX 4-Dr Sedan | $6,660 |
| Ford Escape Limited 4WD | $7,157 |
| Toyota Prius | $7,226 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $7,388 |
| Ford Explorer XLT AWD | $7,458 |
| Dodge Grand Caravan SE | $7,465 |
| Ford F-150 XLT Crew Cab 2WD | $7,458 |
| Ford Focus S 4-Dr Sedan | $7,822 |
| Chevrolet Equinox LS 2WD | $7,892 |
| Toyota RAV4 Limited 4WD | $7,901 |
| Ford Fusion S 4-Dr Sedan | $7,892 |
| Chevrolet Malibu LS | $7,898 |
| Toyota Tacoma Double Cab 4WD | $7,961 |
| Hyundai Elantra Blue 4-Dr Sedan | $8,256 |
| Chevrolet Impala LTZ | $8,326 |
| Ford Edge Limited AWD | $8,332 |
| Toyota Camry XLE | $8,326 |
| Toyota Corolla LE | $8,333 |
| Jeep Grand Cherokee Limited 4WD | $8,395 |
| Find Cheaper Rates Go | |
Above prices assume single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in specific garaging location which can affect prices noticeably.
Looking at the rates, models like the Honda CR-V, Honda Accord, and Ford Escape are some of the cheapest vehicles to insure for teen drivers. The price for an auto insurance policy will be more expensive just due to the fact that there is more risk for 17 year olds, but generally speaking those specific models will probably have the cheapest car insurance rates possible.
The chart below highlights how deductible selection can raise or lower annual premium costs when quoting cheap insurance for 17 year olds. The data is based on a single female driver, comprehensive and collision coverage, and no discounts are applied.
A 30-year-old driver could save $436 a year by changing from a $100 deductible to a $500 deductible, or save $658 by changing to a $1,000 deductible. Younger drivers, like the 20-year-old example, could roll back prices $966 or even more just by choosing larger deductibles. When insureds make the decision to increase the deductibles on their policy, it will be required to have plenty of money set aside to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Choosing a good quality company can be a challenge considering how many different companies sell coverage in Newark. The rank data shown next could help you decide which auto insurers you want to consider when comparing insurance rates for 17 year olds. The rankings below are only made up of large insurance companies, so smaller companies are not factored into the list.
| 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 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
If you have coverage questions and would like to have the advice of a professional agent when trying to find the best insurance rates for 17 year olds, the insurance agencies below are willing to help you make a decision which insurance coverage will be best for you. To find an agent by location nearest to you, click the button following the list or click here to compare price quotes.
Arabo Insurance Group Inc
675 Bergen St – Newark, NJ 07108 – (973) 391-9595
Rosa, Michael Rosa Agency INC
360 Lafayette St – Newark, NJ 07105 – (973) 589-7550
Ironbound Business Insurance
275 Chestnut St – Newark, NJ 07105 – (866) 497-1001
Newark Cheaper Auto Insurance
11 Mulberry St – Newark, NJ 07102 – (206) 337-9544
View more Newark, NJ insurance agents
How to find the cheapest auto insurance for 17 year olds
It is possible to find better rates, and here are some thrifty suggestions that can help New Jersey drivers locate more affordable car insurance.
- Do not pay for full coverage on older vehicles
- Drive a car with a high safety rating
- Increase deductibles to save money
- Avoid preventable accidents
- Just one traffic violation will increase your rates
- Improve your credit
- Shop around for cheaper prices often
That final tip is very important, as we noted in this piece. Rates fluctuate constantly, so don’t be hesitant to switch to a new company if you find a better deal. Loyalty to a specific company is fine, but it isn’t a good idea if that loyalty ends up costing hundreds of dollars year after year. It only take a few minutes to shop around and find cheaper auto insurance for 17 year olds in Newark.