The vehicle needing coverage is one of the primary factors in finding the most economical auto insurance for postal workers. Vehicles with limited speed and performance, an excellent safety record, or a positive history of liability claims will cost substantially less to insure than higher performance models. The next list features auto insurance rates for the most economical automobiles to insure in New Jersey.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 4WD | $1,762 |
| Toyota RAV4 Sport 4WD | $2,043 |
| Toyota Tacoma Double Cab 4WD | $2,053 |
| Ford Explorer Limited 4WD | $2,081 |
| Ford Focus SES 4-Dr Sedan | $2,111 |
| Honda Civic LX 4-Dr Sedan | $2,120 |
| Honda Accord LX-P 4-Dr Sedan | $2,117 |
| Hyundai Elantra SE Touring Station Wagon | $2,141 |
| Ford Escape Limited 2WD | $2,168 |
| Volkswagen Jetta SEL 4-Dr Sedan | $2,189 |
| Jeep Grand Cherokee SRT-8 4WD | $2,197 |
| GMC Sierra 2500HD SLE Extended Cab 4WD | $2,189 |
| Dodge Ram Crew Cab ST 2WD | $2,228 |
| GMC Sierra 3500HD SLT Extended Cab 2WD | $2,231 |
| Ford Fusion SEL AWD 4-Dr Sedan | $2,335 |
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Data assumes single female 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, homeowner, multi-vehicle, and safe-driver. Rates do not factor in vehicle location which can alter coverage prices greatly.
By looking at the data, we can infer that vehicles like the Honda CR-V, Toyota RAV4, Toyota Tacoma, Ford Explorer, and Ford Focus are likely to be a few of the cheapest vehicles to insure for postal employees.
One of the many considerations that are looked at to help calculate the price you pay for insurance is where you choose to live in Newark. Areas with increased crime or more people tend to have higher rates, whereas areas with less crime or weather claims benefit from lower prices.
The table below shows the highest-priced areas in New Jersey for postal workers in which to purchase auto insurance. Newark is listed at #1 with an annual cost of $2,572 for car insurance, which is around $214 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Newark | $2,572 |
| 2 | East Orange | $2,571 |
| 3 | West New York | $2,506 |
| 4 | Paterson | $2,472 |
| 5 | Elizabeth | $2,470 |
| 6 | Union City | $2,426 |
| 7 | Passaic | $2,371 |
| 8 | Kearny | $2,335 |
| 9 | Hoboken | $2,283 |
| 10 | Clifton | $2,276 |
| 11 | Bayonne | $2,274 |
| 12 | Jersey City | $2,253 |
| 13 | Camden | $2,199 |
| 14 | Fort Lee | $2,144 |
| 15 | Perth Amboy | $2,144 |
| 16 | Linden | $2,099 |
| 17 | Atlantic City | $2,044 |
| 18 | Hackensack | $1,921 |
| 19 | Trenton | $1,916 |
| 20 | Plainfield | $1,898 |
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Rates are approximated as the specific garaging location can modify premium rates greatly.
Get discounts on Newark car insurance rates
Car insurance companies that provide coverage for postal workers may additionally offer discounts that could lower prices by as much as 25% or more if you meet the requirements. Popular auto insurance companies and a partial list of their discounts can be read below.
- Esurance has discounts for Switch & Save, Pac-12 alumni, multi-car, renters, anti-theft, and homeowner.
- The Hartford may offer discounts for air bag, anti-theft, defensive driver, good student, driver training, and vehicle fuel type.
- AAA may include discounts for pay-in-full, good student, multi-policy, AAA membership discount, and education and occupation.
- GEICO offers premium reductions for multi-policy, emergency military deployment, multi-vehicle, air bags, anti-theft, daytime running lights, and driver training.
- State Farm discounts include passive restraint, driver’s education, multiple autos, accident-free, and Steer Clear safe driver discount.
The chart below visualizes the comparison of insurance premiums with and without discounts. The rate quotes are based on a male driver, no tickets, no at-fault accidents, New Jersey state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows the average rate with no discounts. The second shows the rates with marriage, multiple policy, homeowner, accident-free, multiple vehicle, and vehicle safety discounts applied. When taking advantage of discounts, the average savings per year on auto insurance for postal workers is 28% or $628.
Tickets and at-fault accidents raise rates
In a perfect world, the ideal way to obtain low auto insurance prices for postal employees is to be a cautious driver and avoid tickets and accidents. The illustration below illustrates how traffic citations and at-fault collisions can affect insurance costs for different age groups. The premiums are based on a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no other discounts are factored in.
The data charted above shows the average cost of an auto insurance policy in Newark per year with no violations or accidents is $2,717. Receive two speeding tickets and the average cost surges to $3,584, an increase of $867 each year. Now add in one accident along with the two speeding tickets and the yearly cost of auto insurance for postal workers jumps again to an average of $4,470. That’s an increase of $1,753, or $146 per month, just for a couple of infractions!
Why you should be shopping around
New Jersey auto insurance rates are determined by lots of factors that control the cost of having a policy. Turning one year older, increasing liability limits, or getting a few speeding tickets can cause premium changes resulting in some rates now being cheaper than competitors. In addition, companies modify pricing at least once a year to adjust for unexpected claims or profits. Significantly higher losses may cause price increases, while profitable underwriting may result in more affordable Newark car insurance rates.
The data below shows the companies that have the cheapest car insurance in Newark, NJ for a 40-year-old male driver with a clean driving record, no accidents, and excellent credit. When quoting prices based on his current risk profile, 21st Century might quote the most affordable car insurance rates in Newark at $1,640 a year. This is $212 less than the average policy premium paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades also make the list of the best Newark, NJ auto insurance companies.
The example below compares rates after we give the driver in the first chart a couple of claims, a lower credit rating, and a few blemishes on his driving record. Because each company has a proprietary method for filing rates in each state, getting updated rate quotes could now result in a slightly different list of affordable Newark car insurance companies as shown below.
Allstate now has the cheapest insurance rate in Newark with The Hartford, USAA, Mercury, and Travelers completing the list. This illustrates why consumers need to perform an extensive rate comparison to find the cheapest insurance rates for postal workers. Insurance prices are made up of many risk factors and change dramatically, so the most economical option two years ago may now be one of the more expensive options.