How many times have you told yourself it’s time to shop around for the cheapest Jeep Patriot insurance in Newark? Are you drained from sacrificing other expenses to insure your Jeep every month? You’re in the same situation as many other New Jersey consumers.
A recent auto insurance study revealed that about 70% of customers kept their policy with the same company for at least the last four years, and approximately 38% of consumers have never quoted auto insurance rates at all. Newark drivers could save themselves roughly 40% a year by just shopping around, but they just don’t understand the benefits if they swap their current policy for a cheaper one.
How to buy affordable Jeep Patriot insurance in Newark
Truthfully, the best way to get discount Jeep Patriot insurance in Newark is to compare quotes once a year from providers who sell insurance in New Jersey. Prices can be compared by following these steps.
Step 1: Read and learn about car insurance and the measures you can control to keep rates low. Many policy risk factors that increase rates such as your driving record and an unfavorable credit rating can be amended by making minor changes to your lifestyle.
Step 2: Quote rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can give quotes from one company like GEICO and Allstate, while independent agents can provide rate quotes for many different companies.
Step 3: Compare the new rate quotes to your current policy premium and see if there is a cheaper rate in Newark. If you find a lower rate and buy the policy, make sure there is no lapse in coverage.
Step 4: Provide proper notification to your current company to cancel your current coverage and submit the application along with any required down payment to the new insurer. Don’t forget to keep the new certificate of insurance in your vehicle’s glove compartment or console.
One tip to remember is that you’ll want to make sure you compare identical coverage information on each quote request and and to compare as many companies as you can. Doing this enables an apples-to-apples comparison and a good representation of prices.
People have many insurance companies to purchase coverage from, and though it is a good thing to have multiple companies, too many choices makes it more difficult to find the lowest cost provider for Jeep Patriot insurance in Newark.
The most recommended method to compare insurance rates from multiple companies is to know the trick most of the larger companies provide online access to compare their rates. To begin a comparison, all you need to do is give them rating details such as your general credit rating, driver details, the year, make and model of vehicles, and if you require a SR-22. The rating information is instantly sent to multiple different insurance companies and you will get price comparisons with very little delay.
If you would like to start a quote now, click here and complete the quick form.
The auto insurance companies shown below are ready to provide comparison quotes in Newark, NJ. If you wish to find the cheapest auto insurance in NJ, we recommend you visit several of them to get the best price comparison.
Car insurance analysis for a Jeep Patriot
The data table displayed below outlines estimates of insurance policy prices for Jeep Patriot models. Being more informed about how insurance rates are figured is important for you to make smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Patriot Sport 2WD | $226 | $406 | $544 | $32 | $162 | $1,370 | $114 |
| Patriot Sport 4WD | $226 | $406 | $544 | $32 | $162 | $1,370 | $114 |
| Patriot Limited 2WD | $260 | $494 | $544 | $32 | $162 | $1,492 | $124 |
| Patriot Limited 4WD | $260 | $494 | $544 | $32 | $162 | $1,492 | $124 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Estimates do not factor in specific location information which can alter premiums significantly.
Deductible comparison
When buying car insurance, a common question is how low should you set your deductibles. The comparison tables below highlight how much more rates are when you buy lower versus higher deductibles. The first pricing table uses a $100 deductible and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Patriot Sport 2WD | $360 | $614 | $480 | $28 | $144 | $1,651 | $138 |
| Patriot Sport 4WD | $360 | $614 | $480 | $28 | $144 | $1,651 | $138 |
| Patriot Limited 2WD | $414 | $746 | $480 | $28 | $144 | $1,837 | $153 |
| Patriot Limited 4WD | $414 | $746 | $480 | $28 | $144 | $1,837 | $153 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Patriot Sport 2WD | $200 | $324 | $480 | $28 | $144 | $1,176 | $98 |
| Patriot Sport 4WD | $200 | $324 | $480 | $28 | $144 | $1,176 | $98 |
| Patriot Limited 2WD | $230 | $394 | $480 | $28 | $144 | $1,276 | $106 |
| Patriot Limited 4WD | $230 | $394 | $480 | $28 | $144 | $1,276 | $106 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Price estimates do not factor in specific location information which can modify premium rates noticeably.
We can estimate from the data above that using a $100 deductible costs approximately $44 more each month or $528 annually than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you have at least 20 months between claims, you would probably come out ahead going with the higher deductible.
How to calculate if a higher deductible is a good decision
| Average monthly premium for $100 deductibles: | $146 |
| Average monthly premium for $1,000 deductibles (subtract): | – $102 |
| Monthly savings from raising deductible: | $44 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $44 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 20 months |
One important issue to know is that increasing deductibles to save money means you will have to pay more when you file a claim. That will force you to have some money saved in the event you have to pay the deductible to have repairs made.
Impact of violations and accidents on rates
The diagram below demonstrates how speeding tickets and at-fault claims can drive up Jeep Patriot premium costs for different insured age categories. The prices are based on a single male driver, full coverage, $250 deductibles, and no policy discounts are applied.
Cost of full coverage
The diagram below shows the difference between Jeep Patriot premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums assume no claims or violations, $100 deductibles, marital status is single, and no policy discounts are applied.
When to drop comprehensive and collision
There is no written rule to stop paying for physical damage insurance, but there is a broad guideline. If the yearly cost of full coverage is more than around 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your Jeep Patriot book value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $5,000 after the policy deductible has been paid. If it’s costing you more than $500 a year for your policy with full coverage, then it’s probably a good time to buy liability coverage only.
There are some scenarios where dropping full coverage is not recommended. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not consider dropping full coverage.
Choosing the best Jeep Patriot insurance in New Jersey is an important decision
Despite the high cost, insurance is not optional due to several reasons.
- The majority of states have minimum liability requirements which means you are required to carry specific limits of liability insurance if you drive a vehicle. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If your Jeep Patriot has a loan, almost every bank will require you to buy full coverage to guarantee loan repayment. If you do not keep the policy in force, the bank will be required to insure your Jeep for a lot more money and require you to pay a much higher amount than you were paying before.
- Insurance protects not only your Jeep Patriot but also your assets. It will also reimburse you for medical transport and hospital expenses for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, comprehensive (other-than-collision) and collision coverage will cover the damage repairs after a deductible is paid.
The benefits of having insurance more than offset the price you pay, especially if you ever need it. As of last year, the average driver in New Jersey is currently overpaying as much as $850 per year so shop around each time the policy renews to make sure the price is not too high.
Get discounts on Newark insurance
Companies offering auto insurance do not list the entire discount list very well, so the list below contains some of the best known in addition to some of the lesser obvious savings tricks you should be using when you buy Newark auto insurance online.
- Passive Restraint Discount – Factory options such as air bags and/or automatic seat belt systems may get savings of up to 25% or more.
- Seat Belts Save more than Lives – Drivers who always wear seat belts and also require passengers to use their safety belts can save up to 15% off the medical payments premium.
- Defensive Driver Discount – Successfully completing a course in safe driver could save 5% or more and make you a better driver.
- No Charge for an Accident – This one isn’t a discount, but companies like Liberty Mutual and GEICO will forgive one accident before they charge you more for coverage if you are claim-free before the accident.
- Bundle and Save – When you combine your home and auto insurance with the same company you could earn a discount of nearly 15% which can help you find the cheapest Jeep Patriot insurance in Newark.
- Pay Upfront and Save – If you pay your bill all at once rather than paying in monthly installments you could save 5% or more.
- Discount for Low Mileage – Driving less could be rewarded with substantially lower premium rates.
- Anti-lock Brake Discount – Vehicles with anti-lock braking systems are safer to drive so companies give up to a 10% discount.
Discounts reduce rates, but you should keep in mind that some of the credits will not apply to the overall cost of the policy. Most only apply to the price of certain insurance coverages like comprehensive or collision. So even though it sounds like you would end up receiving a 100% discount, nobody gets a free ride.
The chart below illustrates the difference between Jeep Patriot annual premium costs with and without discounts applied to the policy premium. The rates are based on a female driver, no claims or driving violations, New Jersey state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, marriage, claim-free, multi-car, and multi-policy discounts applied.
A few companies that may offer quotes with most of these discounts possibly include:
When comparing rates, check with each insurance company how many discounts you can get. Some discounts may not be available in your state.
Buying from insurance agents
Some people just prefer to talk to a local agent and often times that is recommended Professional agents are trained to spot inefficiencies and give you someone to call. The biggest benefit of comparing rates online is the fact that you can find cheaper prices and still buy from a local agent.
To make it easy to find an agent, after completing this quick form, your coverage information is immediately sent to insurance agents in Newark who will give you quotes and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to contact any insurance agencies because quoted prices will be sent directly to you. If you wish to get a price quote from a specific company, you would need to find their quoting web page and submit a quote form there.
Picking an company should depend on more than just the price. Get answers to these questions too.
- Which insurance companies are they affiliated with?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Do you need full coverage on every vehicle?
- Do they have any clout with companies to ensure a fair claim settlement?
- Are there any discounts that you might be missing?
Below is a short list of car insurance companies in Newark willing to provide price quotes for Jeep Patriot insurance in Newark.
State Farm: Zanetta Glover
570 Broad St #114 – Newark, NJ 07102 – (973) 648-0699 – View Map
Farmers Insurance – Christine Veliz
229 Bloomfield Ave – Newark, NJ 07104 – (973) 482-1975 – View Map
Newark Cheaper Auto Insurance
11 Mulberry St – Newark, NJ 07102 – (206) 337-9544 – View Map
Ironbound Business Insurance
275 Chestnut St – Newark, NJ 07105 – (866) 497-1001 – View Map
Once you have received good responses to these questions and locked in a price quote, you may have found an insurance company that can be trusted to service your policy. Just remember policyholders can cancel a policy at any point so don’t assume that you are obligated to any particular company with no way out.
Your auto insurance coverage should be tailored to you
When selecting coverage online or from an agent, there really is not a best way to insure your cars. Your financial needs are unique.
For instance, these questions can aid in determining if you will benefit from professional help.
- Do I have coverage when pulling a U-Haul trailer?
- Does my insurance cover my expensive audio equipment?
- Am I insured when driving a different vehicle?
- Will my insurance pay for OEM parts?
- What should my uninsured motorist coverage limits be in New Jersey?
- Are there any extra discounts I can get?
- Does my personal policy cover me when driving out-of-state?
If you can’t answer these questions, you might consider talking to a licensed agent. If you don’t have a local agent, complete this form. It’s fast, doesn’t cost anything and can help protect your family.
Detailed coverages of your auto insurance policy
Understanding the coverages of your policy helps when choosing the right coverages and proper limits and deductibles. The terms used in a policy can be ambiguous and reading a policy is terribly boring.
Liability
Liability insurance can cover injuries or damage you cause to a person or their property that is your fault. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 15/30/5 which means $15,000 bodily injury coverage, $30,000 for the entire accident, and property damage coverage for $5,000.
Liability coverage pays for claims such as court costs, medical expenses, funeral expenses and structural damage. The amount of liability coverage you purchase is a personal decision, but you should buy higher limits if possible. New Jersey state minimum liability requirements are 15/30/5 but you should consider buying more liability than the minimum.
The next chart demonstrates why low liability limits may not be high enough to adequately cover claims.
UM/UIM Coverage
Uninsured or Underinsured Motorist coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your Jeep Patriot.
Since a lot of drivers only purchase the least amount of liability that is required (15/30/5), it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.
Collision protection
Collision coverage will pay to fix damage to your Patriot from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims such as hitting a parking meter, hitting a mailbox, colliding with another moving vehicle, backing into a parked car and scraping a guard rail. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It’s also possible to choose a higher deductible on your Patriot to save money on collision insurance.
Comprehensive or Other Than Collision
Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for claims such as a tree branch falling on your vehicle, damage from getting keyed, falling objects and damage from a tornado or hurricane. The highest amount your auto insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
Medical costs insurance
Coverage for medical payments and/or PIP pay for immediate expenses such as nursing services, X-ray expenses, hospital visits, EMT expenses and prosthetic devices. They can be utilized in addition to your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants and also covers being hit by a car walking across the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay
Be persistent and save
Consumers switch companies for many reasons like policy cancellation, lack of trust in their agent, delays in paying claims or even being labeled a high risk driver. It doesn’t matter why you want to switch finding a new company can be easier than you think.
Budget-conscious Jeep Patriot insurance is attainable from both online companies and from local agencies, so you should compare both to have the best chance of lowering rates. Some insurance providers do not offer internet price quotes and usually these smaller providers only sell coverage through independent agents.
You just learned a lot of information how to find lower-cost Jeep Patriot insurance in Newark. The key concept to understand is the more you quote Newark auto insurance, the higher your chance of finding affordable Newark auto insurance quotes. You may even be surprised to find that the lowest priced car insurance comes from a small mutual company.
How to find affordable quotes for Jeep Patriot insurance in Newark
It takes a few minutes, but the best way to find low-cost prices for Jeep Patriot insurance is to do a yearly price comparison from insurance carriers that insure vehicles in Newark. Price quotes can be compared by following these guidelines.
- First, read about individual coverages and the modifications you can make to drop your rates. Many rating factors that drive up the price like inattentive driving and poor credit history can be rectified by paying attention to minor details.
- Second, obtain price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only quote rates from one company like GEICO and State Farm, while independent agents can provide price quotes from multiple sources.
- Third, compare the quotes to your existing policy to determine if you can save on Patriot insurance in Newark. If you find a lower rate and change companies, verify that coverage does not lapse between policies.
One important bit of advice is to compare identical deductibles and limits on each price quote and and to analyze every insurance company. This provides a fair rate comparison and a thorough selection of prices.
Helpful learning opportunities
- Tread Depth and Tire Safety (State Farm)
- Who Has Cheap Car Insurance Quotes for 19 Year Olds in Newark? (FAQ)
- What Car Insurance is Cheapest for a 20 Year Old Male in Newark? (FAQ)
- How Much are Newark Car Insurance Rates for Single Moms? (FAQ)
- Who Has Cheap Auto Insurance Rates for Homeowners in Newark? (FAQ)
- Steps to Take After an Auto Accident (Insurance Information Institute)
- No-Fault Auto Insurance Statistics (Insurance Information Institute)
- Booster Seat Ratings (iihs.org)