How Much are Newark Car Insurance Rates for Single Moms?

The vehicle on the policy is a significant factor that determines if you can find the most economical auto insurance for single moms. Vehicles with reasonable performance levels, an excellent safety record, or a positive history of liability claims will cost significantly less to insure than fast, unsafe models. The table below ranks car insurance costs for a number of the more affordable vehicles to insure in New Jersey.

Cheapest Vehicles to Insure in Newark, NJ
Make and Model Estimated Cost for Full Coverage
Honda Odyssey LX $1,786
Ford Escape XLS 4WD $1,864
Ford Edge SE AWD $1,884
Volkswagen Jetta LE 4-Dr Sedan $1,922
Toyota RAV4 2WD $1,931
Ford Explorer Limited AWD $1,959
Toyota Tacoma Double Cab TRD Sport Package 4WD $1,965
Honda Civic LX 4-Dr Sedan $1,985
Honda Accord LX 4-Dr Sedan $1,991
Toyota Corolla XLE $2,023
Honda CR-V EX-L 4WD $2,037
GMC Sierra SLE Regular Cab 4WD $2,060
Jeep Wrangler Sport 4WD 2-Dr $2,069
Ford F-150 XL Regular Cab 2WD $2,060
Dodge Grand Caravan SE $2,089
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Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Table data does not factor in the specific area where the vehicle is garaged which can decrease or increase premium rates substantially.

Based upon the table data, we can presume that cars like the Honda Odyssey, Ford Escape, and Ford Edge are most likely going to be some of the most budget-friendly vehicles to insure for single parents.

One of the many factors that help determine the price you pay for insurance is where you normally keep your vehicle in Newark. Regions with more people or even just more weather-related claims tend to have more expensive car insurance rates, whereas less populated areas have the benefit of cheaper car insurance.

The following table shows the most expensive cities in New Jersey for single moms to buy an auto insurance policy in. Newark is ranked #1 with an annual cost of $2,522 for the average policy, which is about $210 per month.

How much is car insurance in Newark?
Rank City Premium Per Year
1 Newark $2,522
2 East Orange $2,521
3 Elizabeth $2,470
4 West New York $2,456
5 Paterson $2,448
6 Union City $2,426
7 Clifton $2,345
8 Passaic $2,325
9 Jersey City $2,322
10 Hoboken $2,283
11 Kearny $2,266
12 Camden $2,221
13 Bayonne $2,207
14 Perth Amboy $2,165
15 Linden $2,163
16 Fort Lee $2,081
17 Atlantic City $2,044
18 Plainfield $1,956
19 New Brunswick $1,932
20 Hackensack $1,921
21 Trenton $1,916
22 Sayreville $1,863
23 Vineland $1,842
24 Lakewood $1,819
25 Toms River $1,742
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Annual rates are estimated as the specific area where the vehicle is garaged can decrease or increase coverage prices substantially.

How much more does full coverage cost in Newark?

Finding cheaper auto insurance is probably important to the majority of drivers, and one good way to find cheap insurance for single moms is to only buy liability coverage. The illustration below illustrates the comparison of yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in New Jersey. Data assumes no tickets, no at-fault accidents, $250 deductibles, drivers are single, and no other discounts are factored in.

On average, comp and collision coverage costs an additional $2,515 per year over and above liability only. Many drivers will wonder if buying full coverage is worth the expense. There is no clear-cut rule to eliminate physical damage insurance, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.

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

The diagram below demonstrates how choosing different deductibles can increase or decrease premium costs when searching for cheap insurance for single moms. The prices are based on a married male driver, comp and collision included, and no discounts are applied.

As shown above, a 50-year-old driver could lower rates by $466 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $704 by changing to a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could drop their prices as much as $1,562 every year just by using higher deductibles.

If you do raise deductibles, it is essential to have plenty of discretionary funds to be able to cover the extra out-of-pocket expense that is associated with using high deductibles.

How careless driving impacts Newark auto insurance rates

The common sense way to earn good auto insurance prices for single parents is to drive carefully and not have accidents or get tickets. The illustration below shows how speeding tickets and at-fault accidents can increase annual premium costs for each different age group. The data assumes a single male driver, full physical damage coverage, $500 deductibles, and no discounts are applied to the premium.

The data in the chart shows the average cost of an auto insurance policy in Newark per year with a clean driving record and no accidents is $3,060. Get two speeding tickets and the average cost jumps to $4,051, an increase of $991 each year. Now get two accidents along with the two speeding tickets and the 12-month cost of auto insurance for single moms goes up to an average of $7,890. That’s an increase of $4,829, or $402 per month, just for being a less-than-perfect driver!

If you would rather have professional advice when shopping for the best coverage for single parents, the agents listed below can help you make a decision which coverage meets your needs best. To locate an agency closest to you, click the button at the bottom or click here to compare price quotes.

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