Who Has Cheap Newark Car Insurance Rates for 17 Year Olds?

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.

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Cheapest New Jersey car insurance ranked by price
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
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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.

Cheapest Vehicles to Insure in Newark, NJ
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
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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.

Newark, NJ Auto Insurance Company Rankings
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

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 StNewark, NJ 07108(973) 391-9595

Rosa, Michael Rosa Agency INC
360 Lafayette StNewark, NJ 07105(973) 589-7550

Ironbound Business Insurance
275 Chestnut StNewark, NJ 07105(866) 497-1001

Newark Cheaper Auto Insurance
11 Mulberry StNewark, 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.

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.