Who Has the Cheapest Auto Insurance for a 20 Year Old Female in Newark?

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One of the many things that determine auto insurance rates is where you choose to live. Areas with more people or even just a higher incidence of claims will most likely have higher rates, whereas areas with less congestion benefit from lower prices.

The illustration below sorts the most expensive cities in New Jersey for 20 year old women to purchase car insurance in. Newark is listed at #1 having an annual price of $2,598 for the average insurance policy, which is about $217 each month.

How much does auto insurance cost in Newark?
Rank City Annual Rate
1 Newark $2,598
2 West New York $2,506
3 East Orange $2,495
4 Paterson $2,472
5 Union City $2,426
6 Elizabeth $2,398
7 Passaic $2,395
8 Hoboken $2,377
9 Jersey City $2,345
10 Clifton $2,299
11 Kearny $2,289
12 Bayonne $2,207
13 Camden $2,199
14 Perth Amboy $2,144
15 Linden $2,121
16 Fort Lee $2,060
17 Atlantic City $2,024
18 Hackensack $1,980
19 Plainfield $1,918
20 Trenton $1,896
21 Sayreville $1,882
22 New Brunswick $1,875
23 Lakewood $1,855
24 Vineland $1,806
25 Toms River $1,691
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Rate information is approximated as the specific geographic location can revise insurance rates considerably.

The vehicle model you are insuring is probably the biggest factor when shopping around for low-priced insurance for 20 year old women. Vehicles with more horsepower, a lack of advanced safety features, or a history of substantial liability claims will cost quite a bit more to insure than safer, lower-performance models.

The table below features insurance rates for the most budget-friendly automobiles to insure in New Jersey.

Cheapest Vehicles to Insure in Newark, NJ
Insured Vehicle Estimated Cost for Full Coverage
Honda CR-V EX 2WD $3,510
Ford Escape Limited 2WD $3,565
Hyundai Elantra SE Touring Station Wagon $3,788
Toyota Prius $3,840
Ford Edge SE 2WD $3,880
Toyota Tacoma Double Cab 4WD $4,158
Toyota RAV4 Sport 4WD $4,166
Ford Fusion S 4-Dr Sedan $4,158
Ford Explorer Limited AWD $4,210
Dodge Grand Caravan SXT $4,217
Ford F-150 Lariat Super Cab 4WD $4,210
Ford Focus SES 4-Dr Sedan $4,330
Nissan Altima 2.5 S 4-Dr Sedan $4,384
Chevrolet Impala LTZ $4,392
Honda Odyssey EX-L W/Navigation $4,384
Toyota Corolla XLE $4,389
Volkswagen Jetta 2.0T 4-Dr Sedan $4,436
GMC Sierra 2500HD SLE Regular Cab 4WD $4,444
Chevrolet Equinox LTZ 2WD $4,436
Jeep Grand Cherokee SRT-8 4WD $4,446
Chevrolet Silverado 2500HD LTZ Crew Cab 4WD $4,436
Chevrolet Malibu LTZ $4,443
GMC Sierra SLT Crew Cab 2WD $4,436
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Data based on single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, and safe-driver. Price information does not factor in your specific Newark, NJ location which can impact auto insurance rates considerably.

Based upon the rates shown, we can presume that models like the Honda CR-V, Ford Escape, Hyundai Elantra, and Toyota Prius are some of the most budget-friendly vehicles to insure for young women. Car insurance rates will tend to be more expensive anyway because of the fact that there is more claim exposure for 20 year old women, but in general those specific models will probably have the least expensive rates available.

Finding reliable, affordable car insurance is not always easy, and finding out which companies quote the cheapest insurance rates for 20 year old women will require a bit more work.

Every car insurance company uses a slightly different approach to determine rates, so first we will examine the most budget-friendly insurance companies in Newark, NJ. It's important to know that New Jersey insurance rates are impacted by many things which can substantially change the cost of a policy. This price fluctuation is why consumers need to take the time to perform an extensive rate comparison when trying to find the cheapest insurance quotes for 20 year old women. Insurance rates consist of many different factors and change frequently, so the most economical company when you bought your policy may now cost much more than other companies.

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Cheapest auto insurance in New Jersey ranked by cost per year
Rank Company Cost Per Year
1 21st Century $1,067
2 Travelers $1,191
3 New Jersey Manufacturers $1,297
4 Penn National $1,325
5 Palisades $1,354
6 The Hartford $1,476
7 California Casualty $1,481
8 Allstate $1,523
9 USAA $1,553
10 Mercury $1,603
11 Amica $1,813
12 Esurance $1,913
13 Progressive $1,919
14 MetLife $1,951
15 State Farm $2,160
16 GEICO $2,196
17 Encompass $2,303
18 Liberty Mutual $2,978
19 Hanover $3,909
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21st Century quotes some of the lowest car insurance rates in Newark at around $1,067 per year. This is $785 less than the average policy premium paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades also qualify as some of the cheaper Newark, NJ car insurance companies.

As shown above, if you are a customer of Travelers and switched to 21st Century, you may realize an annual premium reduction of in the neighborhood of $124. New Jersey drivers with New Jersey Manufacturers might save as much as $230 a year, and Penn National policyholders might reduce rates by $258 a year.

To find cheaper insurance rates for your vehicle, click here or visit several of the following companies.

Bear in mind that those premiums are averages for all ages of drivers and types of vehicles and do not take into consideration a specific location for 20 year old women. So the company that has the lowest price for you may not even be in the top 19 companies shown above. That is why you need to get auto insurance quotes using your own personalized driver profile and vehicle information.

Difference between liability only and full coverage rates

Paying less for insurance is the goal of the majority of people, and one of the easiest ways to lower the cost of insurance for 20 year old women is to not buy full coverage. The information below shows the difference between auto insurance rates when comparing full coverage to liability only. The premiums assume no accidents, no driving violations, $1,000 deductibles, drivers are single, and no additional discounts are factored in.

If averaged for all ages, full coverage costs an additional $2,010 per year more than just buying liability only. Many drivers will wonder if full coverage is worth the money. There is no specific rule of when to phase out physical damage insurance, but there is a general school of thought. If the annual cost of having full coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.

For example, let's say your vehicle's replacement cost is $10,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $9,500 after paying your policy deductible. If you are paying over $950 a year to have full coverage, the it may be a good time to stop paying for full coverage.

Choosing a high-quality car insurance provider can be challenging considering how many different companies insure vehicles in Newark. The rank data shown next can help you analyze which coverage providers you want to consider when comparing insurance rates for 20 year old women.

These ratings are only comprised of large nationwide companies, so companies without a large exposure are not taken into consideration for this list. To view rates from these and other competitive companies, click this link.

Best Ten Insurance Companies for a 20 Year Old Female 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
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Data Source: Insure.com Best Car Insurance Companies

Here's why you should compare rates often

Newark, NJ insurance rates are determined by lots of factors that control the cost of having a policy. Simply getting older, buying a different vehicle, or having a fender bender can trigger rate changes that may make certain companies cheaper than others. And not only may your rating factors change, but insurance companies amend premium rates as often as every quarter to adjust for heavy claims or excess profits. Significantly higher losses may cause high rates, while less frequent claims can produce more affordable Newark car insurance rates.

For example, the graph below analyzes the cheapest car insurance in Newark, NJ for a 45-year-old male driver with no violations or accidents, and a good credit rating. If we estimate prices based on his personal profile, 21st Century might quote the most affordable car insurance rates in Newark at $1,592 per year. This is $260 less than the average price paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Palisades, and Penn National round out the rest of the top five cheapest Newark, NJ auto insurance companies.

The chart below compares rates after we give the driver in the first example a chargeable claim, a little lower credit rating, and a traffic citation. Since each company uses a different method for setting prices, getting updated rate quotes may now show a different ranking of the cheapest car insurance companies in Newark as shown below.

The Hartford now has the best price in Newark, NJ with Allstate, USAA, Mercury, and Travelers also having competitive pricing. This example demonstrates why it is critical to compare as many rates as possible to find the cheapest car insurance rates for 20 year old women.

Auto insurance prices are made up of many things and can change without notice, so the cheapest option the last time you compared rates may now be costing you a lot of money.

The agents shown below can help you determine which coverage meets your needs best, as some people have coverage questions and would like to have the advice of a professional agent when buying car insurance for 20 year old women. It can be difficult to do it yourself, so agents can add comfort knowing you have adequate coverage when you need it most.

To find an auto insurance agency near you, click the button following the list.

Goker and Associates Insurance Agency
121 Elizabeth Ave #101 - Newark, NJ 07108 - (908) 344-7577

Collection Agency BandA
744 Broad St #1903 - Newark, NJ 07102 - (862) 218-0319

Te Freuler
274 Chestnut St - Newark, NJ 07105 - (973) 274-0500

George H Nixon Agency
54 Grumman Ave - Newark, NJ 07112 - (973) 923-3721

View more Newark, NJ insurance agents

How to find the cheapest car insurance for 20 year old women

Here are many money-saving suggestions that can help Newark drivers find cheaper coverage.

The last tip in the list is incredibly valuable, as was pointed out in the prior article. Auto insurance rates in Newark go up and down frequently, so drivers shouldn't hesitate to buy from a different company if a better deal can be had. Brand loyalty is not necessarily bad, but is isn't recommended if that faithfulness ends up costing you a lot of money every month. In just a few minutes you could shop around to find cheaper car insurance for 20 year old women.