New Jersey Car Insurance Calculator
There are various factors that affect how much auto insurance will cost you; here are some of the key ones:
Age: Drivers under 40 often pay higher premiums as insurers perceive them to be high-risk due to their inexperience behind the wheel. Once drivers reach 40 years of age, however, their rates begin to decrease as they are considered low risk drivers. Teen drivers also typically incur additional premium charges as being inexperienced drivers can increase rates up to threefold!
Driving Record: A driver’s record can have a dramatic effect on their rate. Traffic violations, accidents or DUIs will increase premiums while having no such offenses on record can help lower them; some companies only increase premiums in cases of multiple offenses in short order or for specific types of violations such as speeding tickets.
Credit Score: Your credit history plays an integral part in how much car insurance costs, with insurers viewing drivers with excellent credit as less of a risk than those with poor credit. On average, those with poor credit pay 83% more than those with excellent credit – so improving it could bring down premium costs significantly!
Location: Your location has a significant effect on your rates because certain cities are more susceptible to accidents and insurance claims than others. In New Jersey alone, the price difference between the most and least expensive cities for full coverage could reach hundreds of dollars!
Car Type: The make and model of your vehicle can have a substantial effect on the price you pay for car insurance in New Jersey, since sports cars, modified vehicles and late-model cars tend to be more costly to repair than standard sedans or older models.
Exotic or luxury vehicles cost more to insure due to comprehensive and collision coverage costs compared to regular sedans, so additional premiums will need to be paid in order to obtain similar levels of protection.
Insurance Company: Your choice of an insurer will impact the rates you’re charged, too. Some offer superior customer service while others have more convenient online and mobile tools – State Farm offers an intuitive website and mobile app for accessing policy details, paying bills and receiving roadside assistance; in addition, its helpful virtual agent is always on hand for any additional questions or assistance you might require.
No matter the cost of car insurance in New Jersey, it is crucial that you comply with state law by having at least minimum levels of liability and personal injury protection coverage. Driving without car insurance is illegal; fines and suspension of license or registration could occur; selecting the most suitable policy suited for your needs and budget will help avoid these consequences.