Paterson Car Insurance

The Zebra
May 30, 2018

Car Insurance in Paterson

Paterson premiums, which are $740 higher than the state average, are recognized for being pricey. Therefore if you are insuring a vehicle in Paterson, understanding premium costs is imperative. Why don't we take a look at how to save on car insurance in Paterson?

  • City Average: $2,419
  • State Average: $1,679
  • National Average: $1,427

Paterson Car Insurance by Credit Rating

For individuals with Very Poor credit (300-579), as opposed to Exceptional credit (800-850), car insurance premiums are 124% more per year. Drivers will see the biggest reduction in premiums when they improve their credit from Very Poor (300-579) to Fair (580-669). That change can save them $518 per year.

  • Very Poor: $4,594
  • Fair: $3,755
  • Good: $3,154
  • Very Good: $2,570
  • Exceptional: $2,052

Paterson Car Insurance by Gender and Marital Status

Pricing for car insurance premiums in Paterson is determined by quite a few things, including gender and marital status. Rates for those who are widowed are marginally cheaper than rates for those who are single. Individuals who are single spend an average of 7% more per year compared to those who are married. Males have premiums that are roughly 3% cheaper than those for females.

  • Female: $2,497
  • Male: $2,419
  • Single: $2,419
  • Married: $2,256
  • Divorced: $2,419
  • Widowed: $2,382

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Paterson Car Insurance by Accident or Violation History

Accidents and violations on your record can cost you in terms of prices on car insurance. Reckless driving will increase your car insurance premiums more than other driving violations. $1,292 is the additional cost per year for drivers with a DUI in Paterson, compared to the city average of $2,419. Reckless driving will also bump your rates up, with average rates of $4,300. That is 78% higher than the city average! Being at-fault in an accident costs drivers an extra 53% per year in premiums compared to the city average.

  • DUI: $3,711
  • Reckless Driving: $4,300
  • At-fault Accident (damages less than $1000): $3,699
  • At-fault Accident (damages greater than $2000): $3,699
  • Speeding Ticket (16-20 mph over speed limit): $3,242

Paterson Car Insurance by Age

Everybody loves to save money, and luckily for drivers in their 70s, they do just that! They have the smallest premiums among any age group, with rates of $1,957 per year. However, people in their 60s ($2,041) aren’t paying much more. With typical rates of $9,751, teenage drivers pay the most in car insurance premiums. When Paterson drivers reach their 20s, therefore moving out of the teenage age bracket, they can save 65% on car insurance, the biggest difference between any age group. The downward movement continues, as the older drivers get, the more their insurance rates in Paterson will decrease.

  • Teenagers: $9,751
  • 20s: $3,439
  • 30s: $2,389
  • 40s: $2,330
  • 50s: $2,205
  • 60s: $2,041
  • 70s: $1,957