Who Has the Cheapest Auto Insurance Rates for 4x4 Vehicles in Newark?

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The car, truck, or SUV you are buying coverage for is one of the largest considerations when consumers are trying to find the most affordable car insurance for 4x4 vehicles. Vehicles with lots of speed or power, a lack of modern safety features, or a history of substantial liability claims will cost quite a bit more to insure than safer models.

The list below illustrates coverage rates for a number of the more affordable automobiles to buy insurance for.

Cheapest Vehicles to Insure in Newark, NJ
Vehicle Insured Estimated Cost for Full Coverage
Honda CR-V EX 4WD $1,790
Honda Odyssey LX $1,924
Chevrolet Impala LS $2,034
Toyota Tacoma Double Cab 4WD $2,073
Ford Escape Limited 4WD $2,088
Jeep Wrangler Sport Islander Package 4WD 2-Dr $2,103
Dodge Grand Caravan SXT $2,112
Hyundai Elantra SE Touring Station Wagon $2,139
Ford F-150 XL Super Cab 4WD $2,148
Toyota Prius $2,189
Nissan Rogue SL 2WD $2,219
GMC Sierra 2500HD SLE Regular Cab 4WD $2,225
Jeep Grand Cherokee Limited 4WD $2,235
Ford Edge Limited 2WD $2,228
Volkswagen Jetta 2.0T Station Wagon $2,258
Chevrolet Equinox LT 2WD $2,273
Chevrolet Malibu LS $2,280
Ford Explorer Eddie Bauer AWD $2,318
Ford Focus SES 2-Dr Coupe $2,333
GMC Sierra SLE Crew Cab 2WD $2,336
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Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Prices do not factor in garaging location in Newark, NJ which can raise or lower prices substantially.

By looking at the data, makes and models like the Honda CR-V, Honda Odyssey, and Chevrolet Impala will definitely be some of the most economical vehicles to insure for off-road vehicles.

Trying to find cost effective insurance is not most people's favorite thing to do, and finding out which insurers offer the lowest-priced insurance rates for 4x4 vehicles will take a little more work. Every insurance provider uses their own formula for determining prices, so we'll take a look at the insurance companies with the most affordable rates in New Jersey.

Lowest Insurance Price Quotes for 4x4's

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New Jersey car insurance ranked by cost per year
Rank Company Cost Per Year
1 21st Century $1,100
2 Travelers $1,156
3 New Jersey Manufacturers $1,297
4 Penn National $1,325
5 Palisades $1,382
6 California Casualty $1,451
7 Allstate $1,478
8 The Hartford $1,491
9 USAA $1,585
10 Mercury $1,651
11 Progressive $1,881
12 Amica $1,887
13 Esurance $1,913
14 MetLife $1,932
15 GEICO $2,174
16 State Farm $2,226
17 Encompass $2,327
18 Liberty Mutual $2,890
19 Hanover $3,869
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21st Century may offer some of the lowest car insurance rates in Newark at around $1,100 each year. Travelers, New Jersey Manufacturers, Penn National, and Palisades also rank well as some of the best Newark, NJ car insurance companies.

As illustrated above, if you have coverage with New Jersey Manufacturers and switched to 21st Century, you might realize an annual savings of upwards of $197. New Jersey drivers with Penn National may save as much as $225 a year, and Palisades customers might lower prices by up to $282 a year.

These policy rates are averages across all drivers and vehicles and and are not calculated with an exact zip code location for 4x4 vehicles. So the car insurance company that has the lowest price for you may not even be in the top 19 companies shown above. That points out the importance of why you need to get rate quotes from many companies using your own driver information and specific vehicle type.

For off-road vehicles, one of the big factors that are looked at to determine insurance cost is where you call home. Larger areas tend to have higher auto insurance costs, whereas areas that tend to be more rural benefit from having to pay less for coverage.

The following table sorts the highest-priced areas in New Jersey for 4x4 vehicles to purchase car insurance in. Newark makes the list at #2 with an annual rate of $2,522 for the average policyholder, which is approximately $210 per month.

How much does car insurance cost in Newark, NJ?
Rank City Annual Rate
1 East Orange $2,597
2 Newark $2,522
3 Elizabeth $2,470
4 West New York $2,456
5 Union City $2,450
6 Paterson $2,376
7 Jersey City $2,345
8 Clifton $2,345
9 Kearny $2,335
10 Passaic $2,301
11 Hoboken $2,283
12 Bayonne $2,207
13 Linden $2,185
14 Perth Amboy $2,144
15 Camden $2,133
16 Fort Lee $2,081
17 Atlantic City $2,024
18 Plainfield $1,956
19 Trenton $1,954
20 Hackensack $1,921
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Prices are approximated as the specific area where the vehicle is garaged can change price quotes significantly.

The example below illustrates how your choice of deductibles can impact premium costs when quoting cheap insurance for 4x4 vehicles. The premiums assume a married female driver, full physical damage coverage, and no additional discounts are factored in.

As shown above, a 40-year-old driver could pocket $456 a year by switching from a $100 deductible to a $500 deductible, or save $690 by selecting a $1,000 deductible. Youthful drivers, such as the 20-year-old chart data, could potentially save $1,134 each year by using higher deductibles when buying full coverage. When using a larger deductible, it is necessary to have enough savings to offset the extra out-of-pocket expense associated with higher deductibles.

Full coverage rates compared to liability-only

Reducing premiums for insurance is the goal of the majority of people, and an easy way to pay less for insurance for 4x4 vehicles is to only buy liability insurance. The illustration below visualizes the comparison of auto insurance rates when comparing full coverage to liability only. The data assumes no violations or accidents, $500 deductibles, single status, and no policy discounts are applied.

If we average the cost for all age groups, full coverage costs $3,060 per year over and above liability only. At some point, every insured wonders if full coverage is worth the money. There isn't a written rule to exclude physical damage insurance, but there is a general school of thought. If the annual cost of your full coverage insurance is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

There are some circumstances where removing full coverage is not advised. If you still owe a portion of the original loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should keep full coverage in place.

Who has the cheapest Newark car insurance?

Newark, NJ insurance rates are based on many factors that can increase the policy price. Improving your credit score, buying a different home, or getting caught speeding can produce rate changes that may make certain companies much cheaper than others. Not only may things change on your end, but auto insurance companies change prices as often as every quarter to reflect underwriting profits or losses. Higher than normal claims may cause increased rates, while long-term profits may produce lower-cost Newark car insurance rates.

For instance, the chart below demonstrates which company has the cheapest car insurance in Newark, NJ for a 45-year-old male driver with no prior accidents, a clean driving record, and a good credit rating. When comparing rates based on his current situation, 21st Century might quote the most affordable car insurance rates in Newark at $1,592 annually. This is $260 less than the average price paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Palisades, and Penn National are the remaining cheapest Newark, NJ auto insurance companies.

The chart below compares rates after we give the driver from the first example an accident surcharge, a little lower credit rating, and a blemish on his driving record. Because each insurer has their own process for establishing rates, comparing quotes may now show a different set of affordable companies as shown below.

The Hartford now has the lowest car insurance rate in Newark, NJ with Allstate, USAA, Travelers, and Mercury now being in the top five. This demonstrates why New Jersey drivers need to shop around with many companies to find cheap auto insurance rates for 4x4 vehicles. Auto insurance prices are determined by many things and can increase or decrease at any time, so the lowest-price company three years ago may now be quite expensive.