Edison Car Insurance

The Zebra
May 30, 2018

Car Insurance in Edison

Premiums in New Jersey, which are 18% higher than the national average, are known for being pricey. Premiums run high in the city as well, so if you are insuring a vehicle in Edison, understanding premium costs is imperative. Keep some money in your pocket by following the tips below about how to save on car insurance in Edison.

  • City Average: $1,692
  • State Average: $1,679
  • National Average: $1,427

Edison Car Insurance by Gender and Marital Status

Many driver traits, including marital status and gender, impact car insurance premiums in Edison. Premiums for men and women tend to differ by 2%, with men paying less. Rates for those who are widowed are slightly cheaper than rates for those who are single. People who are single spend roughly $110 more per year compared to those who are married.

  • Female: $1,734
  • Male: $1,692
  • Single: $1,692
  • Married: $1,586
  • Divorced: $1,692
  • Widowed: $1,666

Edison Car Insurance by Credit Rating

There is a discrepancy of $1,671/year between car insurance premiums for individuals with Very Poor credit (300-579) and Exceptional credit (800-850). Drivers can save around $341 per year when they upgrade their credit tier from Very Poor (300-579) to Fair (580-669).

  • Very Poor: $3,122
  • Fair: $2,568
  • Good: $2,175
  • Very Good: $1,792
  • Exceptional: $1,451

Edison Car Insurance by Age

Drivers in their 50s save money on car insurance premiums, as they have the smallest rates among all age groups, paying only $1,552 each year. People in their 60s ($1,595) also have relatively low premiums. With rates of $6,535 on average, teenage drivers are the ones who pay the most in car insurance premiums. The greatest decline in premiums between any age group is from the teenage age range to the 20s, as drivers in Edison start paying 64% less in premiums. Insurance rates for drivers continue to decrease through their 50s, but they can anticipate to pay more when they hit 60.

  • Teenagers: $6,535
  • 20s: $2,385
  • 30s: $1,672
  • 40s: $1,633
  • 50s: $1,552
  • 60s: $1,595
  • 70s: $1,714

Edison Car Insurance by Accident or Violation History

Knowing which driving mishaps can inflate your premiums will help you make better decisions and save money. Reckless driving will increase your car insurance premiums more than other driving violations. Drivers with a DUI in Edison need to spend 50% more than the city average to insure their vehicle. Reckless driving will push your rates up as well, with typical rates of $2,952, which are 74% higher than the city average! If you are found at-fault in an accident in Edison, expect your yearly car insurance premiums to rise by 51%.

  • DUI: $2,544
  • Reckless Driving: $2,952
  • At-fault Accident (damages less than $1000): $2,557
  • At-fault Accident (damages greater than $2000): $2,557
  • Speeding Ticket (16-20 mph over speed limit): $2,243

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