Compare Hyundai Tucson Insurance Quotes in Newark

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Hyundai Tucson insurance image courtesy of QuoteInspector.com

It's an obvious assumption that insurance companies don't want you to look for cheaper rates. Consumers who get comparison quotes once a year will, in all likelihood, switch insurance companies because of the good chance of finding coverage at a more affordable price. A recent survey found that people who shopped around annually saved an average of $72 a month as compared to drivers who never shopped for cheaper rates.

If finding the cheapest price on auto insurance is why you're reading this, understanding how to get rate quotes and compare car insurance can help make the process easier.

Insurance rates Hyundai Tucson in NewarkTruthfully, the best way to get discount Hyundai Tucson insurance is to compare prices once a year from providers that sell auto insurance in Newark.

  1. Get an understanding of policy coverages and the modifications you can make to drop your rates. Many policy risk factors that are responsible for high rates like careless driving and a less-than-favorable credit score can be controlled by making lifestyle changes or driving safer. Continue reading for instructions to get low prices and find possible discounts that are available.
  2. Compare rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like Progressive and State Farm, while independent agents can provide rate quotes from multiple insurance companies.
  3. Compare the new rate quotes to your current policy premium and determine if there is any savings. If you find better rates, ensure there is no coverage lapse between policies.

An important part of this process is to make sure you enter similar coverage information on each quote request and and to get price quotes from as many different companies as possible. Doing this helps ensure a fair rate comparison and a complete price analysis.

Our goal is to help you learn how car insurance quotes work and some tips to save money. If you are paying for car insurance now, you will most likely be able to reduce the price you pay using the techniques presented in this article. But New Jersey drivers can benefit by having an understanding of the methods companies use to calculate your policy premium and use this information to your advantage.

The easiest way to compare policy rates for Hyundai Tucson insurance in Newark is to know the trick car insurance companies actually pay money for the chance to give you rate quotes. All you need to do is take a few minutes to give details including whether your vehicle is owned or leased, daily mileage, whether you have decent credit, and if a SR-22 is required. That rating data is instantly submitted to multiple auto insurance providers and they return rate quotes almost instantly.

To find lower cheaper Hyundai Tucson insurance rates now, click here and enter your zip code.

The car insurance companies shown below are our best choices to provide comparison quotes in Newark, NJ. In order to find cheap auto insurance in New Jersey, we recommend you visit several of them to find the cheapest car insurance rates.

Lower rates by qualifying for discounts

Car insurance is not inexpensive, but you may qualify for discounts that could drop your premiums quite a bit. Some of these discounts will be visible when you purchase, but some may not be applied and must be manually applied before being credited.Discount car insurance

  • Discounts for Responsible Drivers - Insureds without accidents may receive a discount up to 45% than drivers with accidents.
  • Good Student - Performing well in school can save 20 to 25%. The discount lasts up to age 25.
  • Multi-policy Discount - When you combine your auto and homeowners insurance with one company you could earn a discount of at least 10% off all policies.
  • Discounts for Federal Employees - Federal government employees may reduce rates when you quote Newark car insurance with a few car insurance companies.
  • Driver's Ed - Have your child successfully complete driver's ed class as it will make them better drivers and lower rates.
  • Low Miles Discount - Driving less could be rewarded with substantially lower premium rates.

Drivers should understand that many deductions do not apply to the entire cost. Most only apply to the price of certain insurance coverages like collision or personal injury protection. So even though they make it sound like you can get free auto insurance, it just doesn't work that way.

The chart below compares Hyundai Tucson insurance costs with and without discounts applied to the policy premium. The data assumes a female driver, no accidents or driving violations, New Jersey state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, safe-driver, multi-policy, claim-free, and multi-car discounts applied.

To view companies with discount rates in Newark, click here to view.

Rates and statistics

The data table shown next outlines detailed analysis of coverage prices for Hyundai Tucson models. Learning more about how premiums are established can help you make smart choices when selecting a coverage provider.

Hyundai Tucson Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tucson GLS 2WD $192 $366 $624 $36 $188 $1,406 $117
Tucson GLS 4WD $220 $366 $624 $36 $188 $1,434 $120
Tucson Limited 2WD $220 $444 $624 $36 $188 $1,512 $126
Tucson Limited 4WD $220 $444 $624 $36 $188 $1,512 $126
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Prices based on single 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, multi-policy, safe-driver, and claim-free. Information does not factor in garaging location in Newark which can modify price quotes greatly.

Analysis of deductible levels

One common question asked by Newark drivers is which comprehensive and collision deductibles to buy. The comparison tables below sum up the rate fluctuation of buying low and high physical damage coverage deductibles. The first table uses a $100 deductible for comp and collision and the second rate table uses a $500 deductible.

Hyundai Tucson insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tucson GLS 2WD $360 $614 $480 $28 $144 $1,651 $138
Tucson GLS 4WD $414 $614 $480 $28 $144 $1,705 $142
Tucson Limited 2WD $414 $746 $480 $28 $144 $1,837 $153
Tucson Limited 4WD $414 $746 $480 $28 $144 $1,837 $153
Get Your Own Custom Quote Go
Hyundai Tucson insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tucson GLS 2WD $264 $414 $480 $28 $144 $1,330 $111
Tucson GLS 4WD $302 $414 $480 $28 $144 $1,368 $114
Tucson Limited 2WD $302 $504 $480 $28 $144 $1,458 $122
Tucson Limited 4WD $302 $504 $480 $28 $144 $1,458 $122
Get Your Own Custom Quote Go

Prices 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, claim-free, homeowner, and multi-policy. Information does not factor in specific zip code location which can lower or raise auto insurance rates considerably.

We can estimate from the data above that using a $100 deductible costs roughly $30 more each month or $360 annually averaged for all Tucson models than selecting the higher $500 deductible. Since you would pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you tend to have more than 13 months between claims, you would probably come out ahead if you opt for a higher deductible.

Careless drivers pay higher rates

The chart below demonstrates how citations and accident claims drive up Hyundai Tucson premium costs for different age groups. The premiums assume a married male driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied.

Auto insurance premiums by gender

The illustration below shows the difference between Hyundai Tucson annual premium costs for male and female drivers. The data is based on no claims or driving violations, comp and collision included, $500 deductibles, single marital status, and no discounts are applied.

Hyundai Tucson liability-only versus full coverage

The information below illustrates the difference between Hyundai Tucson insurance premiums with full coverage and liability only. The rate quotes are based on no driving violations, no at-fault accidents, $1,000 deductibles, single status, and no discounts are taken into consideration.

Should you pay for full coverage or liability only?

There is no written rule for eliminating full coverage on your policy, but there is a general convention. If the yearly cost of comp and collision coverage is more than around 10% of the vehicle's replacement cost less your deductible, then it's probably a good time to buy liability coverage only.

For example, let's assume your Hyundai Tucson replacement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company will settle for is $6,000 after you pay the deductible. If it's costing you more than $600 annually to have full coverage, then you may want to consider only buying liability coverage.

There are some cases where dropping physical damage coverage is not financially feasible. If you still owe money on your vehicle, you have to maintain full coverage to protect the lienholder's interest. Also, if you don't have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.

Shop online but buy locally

Many people just want to sit down with an agent and we recommend doing that One of the best bonuses of comparing car insurance online is that you can obtain lower auto insurance rates and still have a local agent. Buying from and supporting neighborhood agents is definitely important in Newark.

Newark insurance agentsOnce you complete this quick form, your insurance coverage information is emailed to agents in your area that can give you free Newark car insurance quotes and help you find cheaper coverage. It's much easier because you don't need to contact an agency since price quotes are sent instantly to you. You can get cheaper car insurance rates AND a local agent. If you wish to quote rates for a specific company, feel free to go to their quote page to submit a rate quote request.

If you want to use a local Newark insurance agent, you need to know there are two different types of agents and how they can service your needs differently. Agents can be described as either independent or exclusive.

Independent Car Insurance Agencies or Brokers

These type of agents are not locked into one company and that allows them to write policies amongst many companies enabling the ability to shop coverage around. If they find a lower price, your agent can just switch to a different company and you won't have to switch agencies.

When searching for an agent, you need to get quotes from several independent insurance agents to have the best price comparison. Most have the option of insuring with smaller mutual companies which may provide better rates.

Shown below is a short list of independent agents in Newark that may be able to give you pricing information.

  • Milwaukee Insurance Co
    10 Park Pl - Newark, NJ 07102 - (973) 648-3000 - View Map
  • Cheap Car Insurance Quotes Auto Newark NJ
    268 W KINNEY ST - Newark, NJ 07103 - (888) 290-0635 - View Map

  • 306 Chestnut St - Newark, NJ 07105 - (973) 344-6203 - View Map

More Newark agents

Exclusive Agents

Agents that elect to be exclusive can only place business with one company like Farmers Insurance, Allstate, or State Farm. Exclusive agents are unable to provide other company's prices so keep that in mind. Exclusive agencies are well trained in insurance sales which helps them sell on service rather than price. Consumers often buy from exclusive agents partially due to the brand name and the convenience of having all coverages with one company.

Below are exclusive agents in Newark who can help you get rate quotes.

More Newark agents

Finding a good insurance agency shouldn't rely on just the bottom line cost. Here are some questions you might want to ask.

  • Will their companies depreciate repairs to your car based on the mileage?
  • Are there any discounts for paying up front?
  • How much training do they have in personal risk management?
  • How is replacement cost determined on your vehicle?
  • Are they properly licensed to sell insurance in New Jersey?
  • Do they carry Errors and Omissions coverage?
  • What kind of financial rating does the company have?
  • Does their agency support local causes in Newark?

There's no such thing as the perfect insurance policy

When quoting and comparing coverage, there really isn't a perfect coverage plan. Everyone's situation is unique.Higher deductibles save money

For example, these questions can help discover if your situation might need an agent's assistance.

  • Is my camper covered by my car insurance policy?
  • Is my custom stereo system covered?
  • Is pleasure use cheaper than using my Hyundai Tucson to commute?
  • Do I need rental car coverage?
  • Is my Hyundai Tucson covered for smoke damage?
  • Does low annual mileage earn a discount?
  • How much coverage applies to personal belongings?
  • Does my Hyundai Tucson need full coverage?

If you can't answer these questions, you may need to chat with an insurance agent. If you don't have a local agent, complete this form.

Smart Consumers Can Cut Their Insurance Prices

One of the most helpful ways to save on insurance is to to have a grasp of the different types of things that aid in calculating your insurance rates. If you have some idea of what influences your rates, this enables you to make decisions that could help you find lower rates. Lots of factors are part of the equation when you get your auto insurance bill. Some are obvious such as your driving history, although some other factors are less apparent such as your marital status or your commute time.

  • Prevent theft and save - Selecting a car model that has an advanced theft prevention system can earn a premium discount. Theft prevention devices like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all aid in stopping auto theft.
  • What type of car do you drive? - The make and model of the car or truck you drive makes a significant difference in your auto insurance rates. The lowest rates will generally be found on the lowest performance passenger models, but other factors influence the final cost greatly.

    The following chart uses these assumptions: single male driver age 30, full coverage with $500 deductibles, and no discounts or violations. The data compares Hyundai Tucson car insurance rates compared to other makes and models that have different performance rating factors.

  • Discounts for married drivers - Your spouse may cut your premiums when buying insurance. It demonstrates that you tend to be more responsible it has been statistically shown that married couples file fewer claims.
  • Proper usage rating affects prices - The more you drive annually the more it will cost to insure it. Many insurance companies calculate rates partially by how you use the vehicle. Cars and trucks not used for work or commuting get more affordable rates than vehicles that have high annual mileage. It's a smart idea to ensure your insurance policy is rated on how each vehicle is driven, because improper ratings can cost you money. Improper usage on your Tucson is throwing money out the window.
  • Insurance losses for a Hyundai Tucson - Companies use statistical claims data as a tool for profitable underwriting. Models that the statistics show to have higher claim amounts or frequency will have higher premium rates.

    The table below outlines the compiled insurance loss statistics for Hyundai Tucson vehicles. For each coverage type, the claim probability for all vehicles averaged together is set at 100. Percentage values below 100 imply a favorable loss record, while values that are above 100 indicate a higher chance of having a claim or tendency to have larger claims.

    Hyundai Tucson Insurance Claim Statistics
    Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Hyundai Tucson 4dr 2WD 80 96 66 108 110 101
    Hyundai Tucson 4dr 4WD 82 102 70 109 109 109
    BETTER
    AVERAGE
    WORSE

    Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Why you need to buy auto insurance

Despite the high insurance cost for a Hyundai Tucson in Newark, insuring your vehicle is not optional due to several reasons.

First, most states have mandatory insurance requirements which means it is punishable by state law to not carry specific limits of liability insurance in order to be legal. 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.

Second, if your vehicle has a lienholder, it's guaranteed your bank will force you to have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the lender may have to buy a policy to insure your Hyundai for a lot more money and require you to reimburse them for the much more expensive policy.

Third, auto insurance preserves not only your car but also your financial assets. It will also reimburse you for all forms of medical expenses for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, will also pay for a defense attorney in the event you are sued. If your car is damaged in a storm or accident, comprehensive and/or collision insurance will pay to restore your vehicle to like-new condition.

The benefits of buying enough insurance are definitely more than the cost, particularly for liability claims. According to a recent study, the average American driver overpays more than $830 a year so shop around every year to ensure rates are inline.

Frequent quotes can save

We've covered many ways to find affordable Hyundai Tucson insurance in Newark. The key concept to understand is the more you quote Newark car insurance, the better your comparison will be. Drivers may even discover the lowest priced insurance comes from some of the smallest insurance companies.

As you prepare to switch companies, never buy poor coverage just to save money. There have been many cases where an insured dropped comprehensive coverage or liability limits only to find out they didn't purchase enough coverage. Your goal should be to buy the best coverage you can find for the lowest cost, not the least amount of coverage.

There are still a few companies who may not have price quotes online and usually these small insurance companies provide coverage only through independent agents. Lower-priced insurance in Newark is definitely available online and from local insurance agents, and you need to price shop both in order to have the best price selection to choose from.

Additional insurance information is located on the following sites: