The preferred way to find affordable Dodge Caliber insurance is to make a habit of regularly comparing prices from providers who sell insurance in Newark.
- Step 1: Read and learn about how auto insurance works and the things you can control to lower rates. Many rating criteria that cause rate increases such as traffic citations and your credit history can be improved by improving your driving habits or financial responsibility.
- Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give rate quotes from one company like Progressive or State Farm, while independent agencies can provide rate quotes from multiple sources. View prices
- Step 3: Compare the new quotes to your existing policy to determine if you can save on Caliber insurance. If you find a lower rate quote and make a switch, ensure there is no coverage lapse between policies.
The key aspect of shopping around is to compare the same level of coverage on each quote and and to analyze as many carriers as you can. This helps ensure a level playing field and many rates to choose from.
Shockingly, about 70% of customers kept buying from the same company for at least four years, and virtually 40% of consumers have never shopped around. Many drivers in Newark could pocket approximately $716 a year just by shopping around, but they won't spend time to compare rates.
When comparison shopping, comparing a large number of companies gives you a better chance of getting lower pricing. Some insurance companies are not set up to provide Newark Caliber insurance quotes over the internet, so it's necessary to compare price estimates from them, too.
The providers in the list below can provide quotes in Newark, NJ. If you wish to find cheap car insurance in NJ, it's a good idea that you get price quotes from several of them to get the cheapest price.
Don't overlook these Dodge Caliber insurance discounts
Insurance is not cheap nor is it fun to buy but you may qualify for discounts to cut the cost considerably. Some discounts apply automatically when you quote, but a few must be specifically requested before you will receive the discount.
- Discount for Low Mileage - Driving fewer miles could be rewarded with better rates on cars that stay parked.
- Switch and Save Discount - Some insurance companies give discounts for buying a new policy before your current expiration date. This discount can save up to 10%.
- Save over 55 - Drivers that qualify as senior citizens may be able to get a small discount on rates.
- Professional Memberships - Having an affiliation with a civic or occupational organization in Newark could trigger savings on your policy.
- Anti-lock Brakes - Anti-lock brake equipped vehicles have fewer accidents so companies give up to a 10% discount.
- Newark Homeowners Discount - Just being a homeowner may trigger a policy discount on insurance because owning a home requires personal responsibility.
You can save money using discounts, but many deductions do not apply to the entire policy premium. Most only reduce the price of certain insurance coverages like comprehensive or collision. If you do the math and it seems like adding up those discounts means a free policy, companies don't profit that way.
The illustration below compares Dodge Caliber car insurance costs with and without discounts applied to the policy premium. Data assumes a male driver, no violations or claims, New Jersey state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, multi-policy, multi-car, claim-free, and homeowner discounts applied.
To see a list of insurers that offer some of these discounts in New Jersey, click here to view.
Data for Dodge Caliber insurance
The information displayed below showcases different insurance costs for Dodge Caliber models. Being more informed about how insurance policy rates are figured is important for making smart policy decisions.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Price information does not factor in specific location information which can influence insurance rates considerably.
The illustration below demonstrates how deductible levels and can influence Dodge Caliber insurance rates for each age group. The price estimates are based on a married female driver, full coverage, and no discounts are applied.
Price comparison of only insuring for liability
The chart below shows the comparison of Dodge Caliber auto insurance rates with and without full coverage. The premiums assume no tickets, no at-fault accidents, $500 deductibles, drivers are single, and no other discounts are factored in.
Should you be buying full coverage?
There is no set rule of when to eliminate full coverage, but there is a general school of thought. If the yearly cost of full coverage is more than about 10% of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.
For example, let's say your Dodge Caliber replacement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $6,000 after the policy deductible has been paid. If premium cost is more than $600 a year for physical damage coverage, then you might want to consider buying only liability coverage.
There are some circumstances where only buying liability is not financially feasible. If you haven't paid off your loan, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should keep full coverage.
Why Smart Buyers Pay Less for Dodge Caliber Insurance
One of the most helpful ways to save on insurance is to to have a grasp of the factors that are used to determine your policy premiums. If you understand what determines base rates, this allows you to make educated decisions that may result in better insurance rates. Multiple criteria are used when you quote your car insurance policy. A few of the factors are predictable like a motor vehicle report, although others are not quite as obvious like where you live or your commute time.
The list below includes some of the items used by insurance companies to determine your rate level.
What's your car's safety rating? - Vehicles that have high safety ratings cost less to insure. Safer cars protect occupants better and better occupant protection means lower claim amounts and more competitive rates for policyholders. If your Dodge Caliber has at least an "acceptable" rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.
Men are more aggressive - Over the last 30 years, statistics show women tend to be less risk to insure than men. However, this does not mean males are worse at driving than females. Both sexes tend to get into fender benders at about the same rate, but males tend to have more serious accidents. Men also statistically receive more major tickets like DWI (DUI) or reckless driving. Male teenagers tend to get in the most accidents and are penalized with high insurance rates.
The information below illustrates the comparison of Dodge Caliber annual premium costs for male and female drivers. The costs are based on a clean driving record, no at-fault accidents, full coverage, $500 deductibles, drivers are single, and no discounts are factored in.
Responsible drivers have lower costs - A bad driving record has a lot to do with how much you pay for insurance. Having a single ticket may increase your cost forty percent or more. Drivers with clean records pay lower auto insurance prices as compared to those with violations. People who have serious violations like reckless driving or DUI may be required to maintain a SR-22 with their state DMV in order to continue driving.
The chart below shows how traffic citations and accident claims influence Dodge Caliber premium costs for different age groups. The rates are based on a single female driver, comp and collision included, $250 deductibles, and no other discounts are factored in.
Incidental coverages can cost a lot - There are a ton of extra coverages that may not really be needed on your insurance policy. Insurance for replacement cost coverage, better glass coverage, and membership fees are examples of these. They may seem good when buying your policy, but if you don't need them eliminate the coverages to reduce your premium.
Single drivers take more risk - Being married may earn you lower rates on your insurance policy. It usually means you are more mature and responsible and it's proven that married drivers get in fewer accidents.