The type of vehicle driven is a significant factor when looking for low-cost car insurance for high mileage drivers. Vehicles with higher performance, a lack of safety features, or high incidents of liability claims will cost quite a bit more to insure than safer models. The data below outlines insurance prices for a selection of the cheapest automobiles to buy coverage for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $1,681 |
| Ford Escape XLT 2WD | $1,689 |
| Hyundai Elantra GLS Touring Station Wagon | $1,842 |
| Ford Edge Limited 2WD | $1,953 |
| Nissan Altima 2.5 4-Dr Sedan | $1,991 |
| Toyota RAV4 4WD | $1,996 |
| Dodge Grand Caravan Crew | $2,029 |
| Ford Explorer Limited AWD | $2,039 |
| Toyota Prius | $2,047 |
| Ford Fusion SEL 4-Dr Sedan | $2,137 |
| Jeep Grand Cherokee SRT-8 4WD | $2,144 |
| Honda Odyssey EX W/Rear Entertainment | $2,140 |
| Ford F-150 XLT Super Cab 2WD | $2,149 |
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Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Premium amounts do not factor in vehicle location which can impact premiums noticeably.
Based upon the rates shown, you can conclude that vehicles like the Honda CR-V, Ford Escape, and Hyundai Elantra will be a few of the more affordable vehicles to insure for high mileage drivers.
Finding budget insurance is confusing at best, and determining which companies quote the best insurance rates for high mileage drivers requires even more diligence. Each insurer has their own guidelines for determining rates, so we’ll take a look at the insurance companies with the overall cheapest rates in New Jersey.
Keep in mind that Newark, NJ insurance rates are based on many factors that control your annual premium. This price variability is why it is critical to perform a complete rate comparison to find the lowest car insurance quotes for high mileage drivers. Rates can be altered by many factors and change substantially, so the most economical company the last time you compared rates may now be one of the higher cost companies.
Find the Cheapest Auto Insurance in New Jersey
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | 21st Century | $1,111 |
| 2 | Travelers | $1,191 |
| 3 | New Jersey Manufacturers | $1,310 |
| 4 | Palisades | $1,354 |
| 5 | Penn National | $1,366 |
| 6 | California Casualty | $1,481 |
| 7 | The Hartford | $1,521 |
| 8 | Allstate | $1,538 |
| 9 | USAA | $1,585 |
| 10 | Mercury | $1,651 |
| 11 | Progressive | $1,862 |
| 12 | Amica | $1,887 |
| 13 | Esurance | $1,894 |
| 14 | MetLife | $1,951 |
| 15 | GEICO | $2,174 |
| 16 | State Farm | $2,248 |
| 17 | Encompass | $2,303 |
| 18 | Liberty Mutual | $2,920 |
| 19 | Hanover | $3,869 |
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21st Century generally has some of the best car insurance rates in Newark at around $1,111 per year. Travelers, New Jersey Manufacturers, Palisades, and Penn National also are some of the best Newark, NJ insurance companies.
In the above example, if you are a customer of Penn National and switched to Travelers, you might realize yearly savings of about $175. Customers with California Casualty could save as much as $290 a year, and The Hartford customers might cut rates by $330 a year.
Be aware that those policy rates are averaged across all types of insureds and vehicles and and are not calculated with a specific zip code for high mileage drivers. So the car insurance company that can offer the best rates for your situation may not even be in the top 19 companies shown above. That underscores the importance of why you need to get auto insurance quotes using your own specific driver information and vehicle.
For high mileage drivers, one of the more important factors that are looked at to help calculate car insurance rates is where you keep your car in Newark. Areas with a lot of weather claims or more people tend to pay more, whereas areas with less people or fewer weather incidents receive better rates.
The following table shows the highest-priced areas in New Jersey for high mileage drivers to buy car insurance in. Newark is listed at #3 with a yearly premium of $2,496 for car insurance, which is approximately $208 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | East Orange | $2,597 |
| 2 | West New York | $2,531 |
| 3 | Newark | $2,496 |
| 4 | Paterson | $2,448 |
| 5 | Elizabeth | $2,446 |
| 6 | Union City | $2,354 |
| 7 | Clifton | $2,345 |
| 8 | Kearny | $2,335 |
| 9 | Passaic | $2,301 |
| 10 | Hoboken | $2,283 |
| 11 | Jersey City | $2,253 |
| 12 | Bayonne | $2,251 |
| 13 | Camden | $2,133 |
| 14 | Atlantic City | $2,106 |
| 15 | Linden | $2,099 |
| 16 | Perth Amboy | $2,081 |
| 17 | Fort Lee | $2,060 |
| 18 | Hackensack | $1,999 |
| 19 | Trenton | $1,974 |
| 20 | Sayreville | $1,939 |
| 21 | New Brunswick | $1,932 |
| 22 | Plainfield | $1,918 |
| 23 | Lakewood | $1,855 |
| 24 | Vineland | $1,842 |
| 25 | Toms River | $1,674 |
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Price information shown is approximated as the specific zip code location can decrease or increase insurance rates noticeably.
The diagram below shows how choosing a deductible can change insurance costs when searching for cheap insurance for high mileage drivers. The rate quotes are based on a married female driver, full physical damage coverage, and no discounts are applied.
The chart above illustrates that a 40-year-old driver could save $328 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $496 by selecting a $1,000 deductible. Younger drivers, such as the 20-year-old example, have the ability to save up to $814 annually by choosing larger deductibles on their policy.
If you do raise deductibles, it is a good idea to have additional funds in a savings account to be able to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Finding a high-quality insurance provider is hard considering how many choices drivers have in Newark. The ranking information shown next may help you pick which auto insurers you want to consider when buying insurance for high mileage drivers. The ratings below only include companies that insure vehicles across America, so companies that may only write in New Jersey are not factored into the list.
Top 10 Major Auto Insurers in Newark Ranked by Customer Service
- Mercury Insurance
- The Hartford
- American Family
- Progressive
- GEICO
- USAA
- State Farm
- Travelers
- Farmers Insurance
- Allstate
Top 10 Major Auto Insurers in Newark Ranked by Value
- The Hartford
- Mercury Insurance
- Farmers Insurance
- Safeco Insurance
- AAA Insurance
- 21st Century
- Travelers
- State Farm
- Progressive
- American Family
Types of discounts on Newark insurance
Car insurance companies that provide policies for high mileage drivers may also provide price discounts that could lower prices by as much as 35% or more if you meet specific eligibility requirements. A few of the larger companies and a partial list of their discounts can be read below.
- State Farm discounts include defensive driving training, multiple policy, accident-free, anti-theft, multiple autos, Drive Safe & Save, and student away at school.
- GEICO may offer discounts for membership and employees, five-year accident-free, seat belt use, multi-policy, emergency military deployment, and anti-theft.
- Liberty Mutual may have discounts that include new vehicle discount, good student, safety features, multi-policy, and teen driver discount.
- The Hartford has discounts for vehicle fuel type, good student, driver training, anti-theft, air bag, bundle, and defensive driver.
- MetLife offers discounts including defensive driver, good student, accident-free, good driver, multi-policy, claim-free
- Progressive has savings for good student, multi-vehicle, multi-policy, continuous coverage, online quote discount, and homeowner.
The chart below illustrates the comparison of auto insurance rates with and without discounts applied. The costs are based on a female driver, no tickets, no at-fault accidents, New Jersey state minimum liability limits, comp and collision included, and $500 deductibles.
The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with defensive driving course, homeowner, multiple vehicle, vehicle safety, multiple policy, and safe-driver discounts applied. When discounts are applied, the average amount saved each year on insurance for high mileage drivers is 28% or $802.
How to find low-cost auto insurance for high mileage drivers
The list below details a few thrifty ideas that can help drivers quote lower-cost coverage.
- Pay lower rates with good credit
- Home or renters coverage can save on auto insurance
- Do not waste money insuring older vehicles for full coverage
- Drive safe vehicles
- Avoid at-fault accidents and claims
- Shop your coverage around for the best deal
That final tip is highly crucial, as we hit on in the prior information. Prices change constantly, so don’t be afraid to change insurance companies if a cheaper rate is available.
Brand loyalty is great, but is isn’t recommended if that stubbornness costs you several hundred dollars every year. Take a few minutes and compare rates and find cheaper auto insurance for high mileage drivers in Newark.
The professional agents shown below can help you determine which insurance coverage will be best for you, as lots of people like to have some advice when shopping for the best coverage for high mileage drivers. It’s not always simple to find the cheapest auto insurance company, and a licensed agent can provide you comfort knowing your policy gives you sufficient protection if you have a claim.
To locate a Newark auto insurance agent by location nearest to you, click the button following the list.
- AMC Insurance Inc
Newark, NJ 07106 – Newark, NJ 07106 – (973) 373-3300 - Newark Cheaper Auto Insurance
11 Mulberry St – Newark, NJ 07102 – (206) 337-9544 - Ed Young Agency
942 S Orange Ave – Newark, NJ 07106 – (973) 375-0003