The words “affordable” and “insurance” probably shouldn’t be used in the same sentence, in particular when looking for the best coverage prices for police officers. Because it’s not cheap, let’s start the ball rolling by going over some of the things that significantly impact car insurance premiums, and figure out some ways to cut the cost of your next policy.
The vehicle to be insured is probably the biggest factor that determines the availability of affordable insurance for police officers. Vehicles with lower performance, good safety features, or a low likelihood of having liability claims will cost less to insure than high performance models.
The information below showcases coverage prices for a selection of the most affordable vehicles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $1,750 |
| Ford Escape XLS 2WD | $1,756 |
| Ford Focus SE 4-Dr Sedan | $2,034 |
| Toyota Tacoma Double Cab 4WD | $2,073 |
| Jeep Grand Cherokee Laredo 2WD | $2,081 |
| Ford F-150 STX Regular Cab 4WD | $2,147 |
| Ford Explorer XLT 2WD | $2,155 |
| Chevrolet Impala LTZ | $2,186 |
| Toyota Prius | $2,192 |
| Dodge Grand Caravan SE | $2,228 |
| Ford Edge SE AWD | $2,236 |
| Honda Odyssey EX | $2,228 |
| Volkswagen Jetta 2.0T Station Wagon | $2,257 |
| Toyota RAV4 Sport 4WD | $2,272 |
| Chevrolet Equinox LS AWD | $2,277 |
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Price information does not factor in specific garaging location which can increase or decrease premium rates considerably.
Looking at the rates, we can assume that makes and models like the Honda CR-V, Ford Escape, and Ford Focus are a few of the cheaper vehicles to insure for law enforcement personnel.
Determining which companies quote the lowest-priced auto insurance rates for police officers involves more work in order to find the best price. Every car insurance company uses a different method to establish rates, so let’s take a look at the auto insurance companies with the overall best prices in New Jersey.
Find the Cheapest Auto Insurance for Law Enforcement
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | 21st Century | $1,078 |
| 2 | Travelers | $1,156 |
| 3 | New Jersey Manufacturers | $1,258 |
| 4 | Palisades | $1,354 |
| 5 | Penn National | $1,379 |
| 6 | California Casualty | $1,437 |
| 7 | Allstate | $1,478 |
| 8 | The Hartford | $1,491 |
| 9 | USAA | $1,538 |
| 10 | Mercury | $1,587 |
| 11 | Amica | $1,813 |
| 12 | Esurance | $1,856 |
| 13 | Progressive | $1,938 |
| 14 | MetLife | $2,010 |
| 15 | State Farm | $2,226 |
| 16 | GEICO | $2,240 |
| 17 | Encompass | $2,374 |
| 18 | Liberty Mutual | $2,978 |
| 19 | Hanover | $3,909 |
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21st Century generally has some of the most affordable car insurance rates in Newark at around $1,078 each year. This is $774 less than the average rate paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Palisades, and Penn National also rank well as some of the most economical Newark, NJ auto insurance companies.
As shown in the table above, if you have coverage with Palisades and switched to Travelers, you may realize savings of in the vicinity of $198. Policyholders with Penn National could save as much as $223 a year, and California Casualty customers might see rate reductions of $281 a year.
To get a fast rate comparison, click here to get quotes or visit any of the low-priced companies below.
Be aware that those rates are averages for all drivers and vehicles and and are not calculated with a specific zip code for police officers. So the auto insurance company that fits your situation best may not even be in the top 19 companies in the list above. That points out the importance of why you need to quote rates from as many companies as possible using your own driver information and specific vehicle type.
For law enforcement personnel, one of the more important things that are used to help calculate auto insurance rates is where you live in Newark. Cities with larger populations tend to have more expensive car insurance rates, whereas more rural areas have the enjoyment of a little cheaper coverage.
The information below shows the most expensive places in New Jersey for police officers to purchase a policy in. Newark is listed at #2 having an annual price of $2,522 for the average insurance policy, which is around $210 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | East Orange | $2,571 |
| 2 | Newark | $2,522 |
| 3 | Paterson | $2,472 |
| 4 | Elizabeth | $2,446 |
| 5 | West New York | $2,431 |
| 6 | Passaic | $2,395 |
| 7 | Union City | $2,378 |
| 8 | Hoboken | $2,377 |
| 9 | Kearny | $2,358 |
| 10 | Jersey City | $2,322 |
| 11 | Clifton | $2,299 |
| 12 | Bayonne | $2,274 |
| 13 | Camden | $2,199 |
| 14 | Perth Amboy | $2,144 |
| 15 | Linden | $2,099 |
| 16 | Atlantic City | $2,086 |
| 17 | Fort Lee | $2,081 |
| 18 | Hackensack | $1,980 |
| 19 | Plainfield | $1,976 |
| 20 | Trenton | $1,974 |
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Premium amounts are estimated as the garaging address in Newark can affect coverage prices considerably.
How much more does full coverage cost in Newark?
Reducing the cost of auto insurance is the goal of the majority of people, and one easy way to pay lower rates for insurance for police officers is to only buy liability coverage. The example below shows the difference between auto insurance costs with full coverage and liability only. The rate quotes are based on no accidents or driving violations, $100 deductibles, marital status is single, and no discounts are taken into consideration.
If averaged for all ages, physical damage coverage costs an additional $2,745 per year more than just buying liability only. That raises the question if full coverage is worth the money. There isn’t a written rule to exclude physical damage coverage, but there is a guideline you can consider. If the yearly cost of full coverage is more than about 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.
For example, let’s pretend your vehicle’s replacement value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company will settle for is $5,000 after paying the physical damage deductible. If you are paying more than $500 a year for your policy with full coverage, then it might be time to buy liability only.
The example below illustrates how your deductible choice can change insurance rates when researching cheap insurance for police officers. The premium estimates are based on a single male driver, full physical damage coverage, and no discounts are taken into consideration.
The data above shows that a 40-year-old driver could lower their car insurance rates by $396 a year by increasing from a $100 deductible up to a $500 deductible, or save $594 by selecting a $1,000 deductible. Youthful drivers, such as the Age 20 example, could lower their rates up to $1,296 every year just by choosing higher deductibles.
If you do raise deductibles, it is a good idea to have additional funds squirreled away to allow you to cover the extra out-of-pocket expense associated with higher deductibles.
Selecting the best insurance company can be difficult considering how many different companies there are to choose from in New Jersey. The ranking data listed below can help you pick which car insurance providers to look at when comparing rate quotes. The rankings below are only made up of the largest auto insurers in America, so companies that may only write in New Jersey will not be included in these 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
How to find more affordable car insurance for police officers
It’s not impossible to find cheaper rates, and here are a few penny-pinching suggestions that can help Newark drivers find cheap coverage.
- Earn a discount by not filing claims
- Increase deductibles to save money
- Buying your home and auto policies from the same company can earn a discount
- Higher credit scores can equal lower rates
- Lower rates by purchasing a safer vehicle
- Do not pay for comprehensive and collision coverage on older vehicles
- Shop around once a year for cheaper rates
The last tip is especially critical, as we pointed out in this write-up. Car insurance rates in Newark vary considerably, so don’t be tentative to switch carriers if a lower price can be found.
We understand brand loyalty, but is isn’t recommended if that devotion results in you overpaying money that could be used for better things. In just a couple of minutes you could shop around and find cheaper car insurance for police officers.