I’m planning on moving and settling in New Jersey pretty soon from the Midwest. Can anyone give me an idea what the average of car insurance would be for either liability or full coverage?
Some demographics: I am male, 23 years old, relatively good credit, one accident in the past 5 years driving a 2007 Porsche Boxster
Thanks!
So why not ask your current insurer for a quote?
Unsolicited advice, get as much UIM insurance as they’ll let you.
There are a number of auto insurance companies that provide online quotes. Take your pick.
For a couple reasons.
Young male with a Porsche? Off the top of my head, $1400 sounds cheap.
Taking some assumptions, I plugged numbers into one online quoter and got back $2500 per year for a 23 year old male who rents, is single and has had no accidents in the past 3 years.
If you want bare, state minimums liability and no coverage at all for the car, you can have that for about $500 a year. But, I’m assuming you don’t own the car outright and would like to have it covered in case of damage or theft.
Progressive.com and plug in the address you are moving to. Do people still use actual agents for their car insurance?
First, your location will make a difference. Rates are higher in high crime areas (no surprise there).
One company to check out is NJ Manufacturers Insurance. They have the best, best rates, hands down. The catch is that you must have a clean record – no arrests or at-fault accidents for I think 3 years.
Also, as per their website http://www.njm.com/Auto/GetAQuote.asp?L=2
You are eligible to apply for NJM coverage if you or your spouse are:
However, once you’re in, you’re IN. They will drop you for something really extreme like a drunk driving arrest or a whole bunch of moving violations. But they don’t drop people just because they make a claim.
Even if you don’t initially qualify, they also have a Re-Insurance branch that might take you on.
We’re paying under a thousand for full coverage from NJM in New Jersey.
Middle aged, clean record, suburb.
I’d expect a young male to be quite a bit higher.
Nobody but an actuary or a computer could even begin to answer this question. Actuaries, unlike computers, don’t have all 50 state laws memorized. Some states aren’t allowed to rate on some things based on what that state’s insurance commission says, like credit rating (which, for example, I don’t think CA is allowed to rate on, but many other states are).
It’s *really *going to vary based on your demographics, driving record, and where you live. You really should do an online quote with the zip code where you’ll be moving and provide as much personal information as you can to get the best possible answer. Actuarial tables are easy for a database to look up; not so easy for humans.
For some anecdote, I just switched insurance companies from Geico a couple months ago and found Progressive had the best price for the coverage I want: 100k per person, 100k property damage, 300k per accident, $250 collision deductible, $0 deductible glass, and dispatch for roadside assistance. I’m paying under $100 a month for all of this. But then, I’m a 27 year old single female with no accident history driving a dark blue 2006 Ford Five Hundred. Our paths wouldn’t cross at any point on an actuarial table (except maybe marital status). Who *knows *what might be best for you and your car? No human could possibly answer this question in a satisfactory manner due to the variables involved. Ask a computer.
I just work in the call center of an insurance company. I’m not an actuary, nor do I play one on tv. I will say that $116.67 a month sounds like an absolute steal to me, considering your demographic (unmarried male under 26 with an accident history). Most guys in that range are paying $300+ a month for bare-bones coverage.
NJM does have the best rates, if you can get coverage from them. I have NJ Cure and pay about $1800 for a 2008 Civic Si with full collision and the highest liability ($500k). However I do have high deductibles ($500-1000) except for “comprehensive” items like a broken windshield. Also my rates are for pleasure driving only - not for commuting, business, etc.
I’m in my 50’s with a clean record (as long as you don’t go too far back 
).
And to allay any suspicions of my having a middle-aged crisis, I will have you know that the car is black NOT red. So there.
I haven’t used a non-internet based car insurance policy in over 15 years. As others have said insurance is a picky business, smoke & mirrors sometimes. I’m a forty-something male, good driving record, driving an '04 Pathfinder. I had a policy with Unitrin Direct for like ten years which always averaged about $600 for a six month policy (good liability & collision). I got one speeding ticket, 82 in a 65, literally my first ticket in over 8 years (and only my second speeding ticket ever!) and they upped my six-month rate to $1000! I did a quick search online, got a new policy with **Progressive **(same coverage) for nearly half that amount. It may just be a new policy discount so it may go up again in six months, but still.
I’m not an agent either and I don’t wanna sound discouraging, but a young male driving an '07 Porsche with an accident?! You’re gonna be what they call an ‘assigned risk’ (if they still use that term anyway).