When shopping for car insurance in New Jersey, there are a plethora of quotes and policies to choose from. But how do you know which company offers the most coverage at an affordable price? To make things easier for you, we created a New Jersey Car Insurance Calculator that will give you near-instant quotes from multiple providers.
New Jersey requires you to carry a minimum level of liability insurance. This covers property damage and bodily injury costs in the event of an accident. In addition to this statutory minimum, you may opt to add additional coverage for extra financial security.
You can enhance your coverages to include higher limits of personal injury protection and uninsured/underinsured motorist insurance. Plus, if you have a good credit rating, clean driving record, or are an excellent driver, discounts may apply to you as well.
Your Age: Your age plays a significant role in determining your car insurance premiums. As you get older, auto insurers may view you as a higher risk for them to insure.
Our car insurance calculator takes into account your age and how often you drive in order to estimate your coverages and rates. This helps ensure that you do not pay more than necessary.
Life events can influence your car insurance prices. For instance, if you move to another city, the amount of coverage required in that location should be taken into consideration as well as your marital status and whether there are family members or pets that require coverage.
Married drivers in New Jersey typically receive cheaper quotes than single people due to the fact that married individuals tend to be involved in fewer accidents, resulting in lower claim rates.
Credit: Your credit score has a direct effect on your insurance rates. Carriers view people with poor credit as higher risks and will charge you more for car insurance than those who have excellent records.
That is why having excellent credit is beneficial. Doing so can save you thousands of dollars annually on car insurance premiums.
Additionally, you may qualify for lower car insurance rates if you possess a good driver’s education or are married. Furthermore, discounts can be given for having an excellent driving record and insuring multiple vehicles with the same insurer.
You may qualify for discounts by having an anti-theft device or installing GPS tracking on your car. Many insurance companies offer these kinds of discounts, so it’s worth comparing policies across multiple carriers to find the most advantageous rate possible.
Your Credit: Understanding How Your Credit Works: New Jersey has some of the highest average credit scores in America, which explains why drivers with good credit often enjoy low rates. On average, New Jersey drivers with excellent credit save around $2,148 annually on car insurance compared to those who have poor or very bad credit.