Unimaginable but true, a large majority of drivers kept their coverage with the same car insurance company for well over three years, and just short of a majority have never shopped around. New Jersey consumers could save themselves approximately 40% a year just by getting comparison quotes, but they don’t believe the benefits if they changed companies.
The most effective way to get the cheapest Lincoln MKZ insurance in Newark is to make a habit of regularly comparing prices from different companies who sell auto insurance in New Jersey.
First, read about what is in your policy and the factors you can control to drop your rates. Many rating criteria that result in higher prices such as high-risk driving behaviors and an unacceptable credit history can be amended by making small lifestyle or driving habit changes.
Second, request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only provide price estimates from one company like Progressive or State Farm, while independent agents can provide price quotes for many different companies. Select a company
Third, compare the new rate quotes to your existing coverage and see if there is a cheaper rate. If you can save money and make a switch, verify that coverage does not lapse between policies.
An important bit of advice to remember is to make sure you enter identical coverage information on every price quote and and to get rates from as many car insurance companies as possible. This ensures a level playing field and the best price selection.
Quoting and comparing rates for the best protection in Newark can be fairly easy. If you have insurance now or want to find a cheaper company, you can use these tips to get lower rates while maximizing coverage. Drivers just need to learn the most time-saving way to compare price quotes from many different companies.
Most major insurance companies make it easy to get coverage price quotes on the web. Getting online rates for Lincoln MKZ insurance in Newark is quite easy as all you need to do is type in your coverage preferences into a form. After you complete the form, the system will order your driving and credit reports and quotes a price determined by many factors. Quoting online for Lincoln MKZ insurance in Newark makes it easy to compare insurance prices and it is imperative to do this in order to find the lowest payment on car insurance.
To quickly compare pricing, visit the companies below or click here to submit a quote request to multiple companies at once. If you have coverage now, it’s recommended you copy the insurance coverages identical to your current policy. This ensures you will get a price comparison for the exact same coverage.
The companies shown below are ready to provide quotes in Newark, NJ. If multiple companies are listed, we recommend you compare several of them to get the best price comparison.
Coverage information
The data table shown next covers different insurance rates for Lincoln MKZ models. Understanding how insurance policy premiums are determined can help you make smart choices when comparing insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKZ 4-Dr Sedan | $222 | $524 | $570 | $34 | $170 | $1,520 | $127 |
| MKZ AWD 4-Dr Sedan | $222 | $524 | $570 | $34 | $170 | $1,520 | $127 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Premium costs do not factor in specific location information which can lower or raise coverage prices greatly.
Where to set your deductibles
When comparing auto insurance rates, the most common question is how high should the physical damage deductibles be. The data tables below highlight the difference in cost when you choose different deductibles. The first table uses a $250 deductible for physical damage and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKZ 4-Dr Sedan | $420 | $848 | $544 | $32 | $162 | $2,031 | $169 |
| MKZ AWD 4-Dr Sedan | $420 | $848 | $544 | $32 | $162 | $2,031 | $169 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKZ 4-Dr Sedan | $340 | $684 | $544 | $32 | $162 | $1,762 | $147 |
| MKZ AWD 4-Dr Sedan | $340 | $684 | $544 | $32 | $162 | $1,762 | $147 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Price information does not factor in vehicle location which can raise or lower auto insurance rates noticeably.
Based on this data, we can arrive at the conclusion that using a $250 deductible costs roughly $22 more each month or $264 each year across all Lincoln MKZ models than selecting the higher $500 deductible. Since you would have to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you usually have at a minimum 11 months between claim filings, you would probably save some money going with the higher deductible.
The example below highlights how deductible selection and can raise or lower Lincoln MKZ insurance premiums for different ages of insureds. The prices are based on a married male driver, comprehensive and collision coverage, and no discounts are factored in.
Cost of full coverage
The information below visualizes the comparison of Lincoln MKZ premium costs with full physical damage coverage and with liability coverage only. The premiums assume a clean driving record, no claims, $500 deductibles, marital status is single, and no discounts are factored in.
Deciding between full coverage and liability only
There is no definitive rule of when to drop comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of having full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.
For example, let’s pretend your Lincoln MKZ replacement cost is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $7,000 after paying your policy deductible. If you are paying over $700 annually for full coverage, then it could be time to drop full coverage.
There are some circumstances where removing full coverage is not a good plan. If you still have a loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not drop full coverage.
Will just any policy work for me?
Keep in mind that when it comes to choosing adequate coverage, there is no single plan that fits everyone. Your situation is unique.
For example, these questions might help in determining whether or not you might need professional guidance.
- Should I sign the liability waiver when renting a car?
- What states are considered no-fault?
- How do I insure my teen driver?
- What are the liability requirements in my state?
- What does UM/UIM cover?
- Do I need special coverage while pulling a rented trailer?
- Does medical payments coverage apply to all occupants?
- At what point should I drop full coverage?
If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, fill out this quick form. It only takes a few minutes and can provide invaluable advice.
You may need help from an agent
Some people just prefer to sit down and talk to an agent and that is recommended in a lot of cases Experienced insurance agents can point out coverage gaps and help you file claims. An additional benefit of comparing rates online is that you can find cheap rate quotes but also keep your business local. And providing support for local insurance agencies is especially important in Newark.
By using this form (opens in new window), your insurance coverage information is emailed to agents in your area that provide free Newark car insurance quotes for your insurance coverage. It simplifies rate comparisons since you won’t have to drive around as quotes are delivered immediately to you. If for some reason you want to get a rate quote from a specific auto insurance provider, don’t hesitate to search and find their rate quote page and give them your coverage information.
If you need to find a local insurance agency, it’s important to understand the different agency structures and how they are slightly different. Agents in Newark can either be exclusive or independent (non-exclusive). Either type can write auto insurance policies, but it’s worth learning the difference between them since it could factor into buying decisions.
Independent Auto Insurance Agents
Independent agents often have many company appointments and that is an advantage because they can write policies amongst many companies and find the cheapest rate. If your premiums go up, they simply switch companies in-house and you stay with the same agent.
If you are trying to find cheaper rates, you absolutely need to get insurance quotes from independent agents so that you can do a thorough price comparison.
Shown below is a small list of independent agencies in Newark who may provide rate quotes.
Arabo Insurance Group Inc
675 Bergen St – Newark, NJ 07108 – (973) 391-9595 – View Map
Monak Insurance
583 Central Ave – Newark, NJ 07107 – (973) 350-7850 – View Map
Te Freuler
274 Chestnut St – Newark, NJ 07105 – (973) 274-0500 – View Map
Exclusive Insurance Agents
Exclusive agents work for only one company and examples are Allstate, Farmers Insurance, State Farm, and AAA. These agents are unable to provide rate quotes from other companies so they have no alternatives for high prices. They are very knowledgeable on the products they sell which helps them sell on service rather than price.
The following are Newark exclusive agents that can give you price quotes.
Farmers Insurance: Anthony Pugliese
217 Chestnut St – Newark, NJ 07105 – (973) 536-2060 – View Map
State Farm Insurance
360 Chestnut St – Newark, NJ 07105 – (800) 701-5909 – View Map
Farmers Insurance – Anthony Pugliese
41 Wilson Ave – Newark, NJ 07105 – (973) 732-2105 – View Map
Picking an car insurance agent should depend on more than just a cheap price. Here are some questions you should ask.
- Do they specialize in personal lines auto insurance in Newark?
- Where are claims handled?
- Do they assist clients in filing claims?
- How long have they worked with personal auto insurance coverage?
- Is the quote a firm price?
- What insurance companies do they recommend if they are an independent agent?
- What company holds the largest book of business for them?
- What are the financial ratings for the companies they represent?