If you want to find the absolute lowest rates, then the best way to find affordable car insurance rates is to compare prices at least once a year from insurers that sell auto insurance in Newark.
- Take a little time to learn about how car insurance works and the measures you can take to prevent expensive coverage. Many things that drive up the price like tickets, at-fault accidents, and a less-than-favorable credit history can be improved by improving your driving habits or financial responsibility.
- Request rate estimates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can give quotes from one company like Progressive or State Farm, while independent agencies can provide price quotes for many different companies.
- Compare the quotes to your existing rates to determine if you can save on Shelby GT350 insurance. If you find better rates and switch companies, verify that coverage does not lapse between policies.
The key thing to remember is to make sure you’re comparing the same amount of coverage on each quote request and and to analyze as many carriers as you can. Doing this ensures an accurate price comparison and the most accurate and complete price analysis.
It’s safe to conclude that auto insurance companies want to keep your business as long as possible. Drivers who get price comparisons will, in all likelihood, buy a new policy because there is a good chance of finding lower rate quotes. A recent survey revealed that people who compared rates regularly saved an average of $72 a month as compared to drivers who never compared other company’s rates.
If finding the cheapest price on insurance is your ultimate goal, then learning a little about how to find companies and compare insurance coverage can help make the process easier and more efficient.
The most recommended method to compare car insurance rates for Ford Shelby GT350 insurance in Newark is to understand most larger insurance companies pay for the opportunity to give free rates quotes. To begin a comparison, all you need to do is provide a small amount of information including what your job is, whether your vehicle is owned or leased, if you are currently licensed, and driver ages. The rating information is instantly submitted to multiple top-rated companies and you receive quotes with very little delay.
If you would like to compare rates now, click here and complete the quick form.
The companies shown below can provide comparison quotes in Newark, NJ. If you want cheap auto insurance in New Jersey, it’s highly recommended you visit several of them to find the most affordable auto insurance rates.
Three main reasons to buy insurance
Even though it can be expensive, insurance is required for several reasons.
First, most states have compulsory liability insurance requirements which means you are required to carry specific minimum amounts of liability in order to license the 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.
Second, if you took out a loan on your Ford Shelby GT350, it’s most likely the lender will make it a condition of the loan that you have comprehensive coverage to protect their interest in the vehicle. If coverage lapses or is canceled, the bank or lender will purchase a policy for your Ford for a much higher rate and force you to reimburse them for it.
Third, insurance safeguards not only your Ford Shelby GT350 but also your financial assets. It also can pay for many types of medical costs for both you and anyone you injure as the result of an accident. One of the most valuable coverages, liability insurance, also covers legal expenses if you are sued as the result of your driving. If you have damage to your Ford as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.
The benefits of carrying enough insurance are without a doubt worth the cost, especially when you need to use it. But the average driver in New Jersey overpays as much as $850 per year so compare rate quotes at every policy renewal to be sure current rates are still competitive.
You Can Change Your Insurance Prices
Multiple criteria are used when pricing auto insurance. Some are pretty understandable such as your driving record, but other factors are not as apparent such as your credit history or your financial responsibility.
What are your comp and collision deductibles? – Your deductibles define the amount you are willing to pay if a claim is determined to be covered. Physical damage insurance, also called ‘full coverage’, protects your car from damage. Some coverage claims are a windshield broken by a bird, collision with a deer, or theft of your vehicle. The larger the amount the insured has to pay upfront, the less money you will pay for car insurance.
Tickets and citations cost more than a fine – Having a clean driving record can have a huge impact on auto insurance premiums. Getting just one ticket can increase rates twenty percent or more. Good drivers get better rates compared to drivers with tickets. Drivers with flagrant citations like DUI or reckless driving might be required by their state to prove financial responsibility with their state’s licensing department in order to continue driving.
More people means more accidents – Having an address in areas with lower population can save you money when insuring your vehicles. People in densely populated areas have more traffic problems and more time behind the wheel. Lower population translates into fewer accident claims as well as less vandalism and auto theft.
Gender as a rate factor – Statistics demonstrate women tend to be less risk to insure than men. The data does not necessarily mean that females are better drivers. Women and men cause auto accidents at a similar rate, but men get into accidents with more damage. Men also statistically have more aggressive citations like driving under the influence (DUI). Youthful male drivers tend to get in the most accidents so they pay the highest premiums.
Cheap premiums for being claim-free – If you’re an insured who likes to file claims don’t be surprised to see either higher rates or even cancellation. Car insurance companies in New Jersey give most affordable rates to people who are not frequent claim filers. Auto insurance is intended to be relied upon for major claims that would cause financial hardship.
Youthful vs. mature drivers – More mature drivers are viewed as being more responsible, statistically cause fewer accidents, and usually have better credit. Drivers with little experience are proven to be inattentive in a vehicle and because of this, their car insurance rates are much higher.
Car insurance policy lapses increase premiums – Allowing your car insurance policy to lapse can be a fast way to bump up your car insurance costs. Not only will you pay more, not being able to provide proof of insurance can result in a steep fine or even jail time. You may need to submit proof of financial responsibility or a SR-22 with the New Jersey department of motor vehicles.
You may need specialized insurance coverage
When it comes to buying the right insurance coverage, there really is no cookie cutter policy. Every insured’s situation is different.
Here are some questions about coverages that can aid in determining whether you might need an agent’s assistance.
- What if I owe more than I can insure my car for?
- How do I insure my teen driver?
- Am I covered if I hit a deer?
- What is the premium to book value ratio for dropping full coverage?
- Are my friends covered when driving my car?
- What is the rate difference between pleasure use and commuting?
- Is motorclub coverage worth it?
- What is GAP insurance?
If you can’t answer these questions but one or more may apply to you, you may need to chat with a licensed agent. If you want to speak to an agent in your area, simply complete this short form.
How to find a good Newark car insurance company
Finding the highest-rated insurance provider can be difficult considering how many companies there are to choose from in New Jersey. The rank data displayed below can help you choose which providers you want to consider when comparing rates.
Top 10 Newark Car Insurance Companies by A.M. Best Rank
- GEICO – A++
- Travelers – A++
- State Farm – A++
- USAA – A++
- Allstate – A+
- Nationwide – A+
- Mercury Insurance – A+
- Progressive – A+
- The Hartford – A+
- Esurance – A+
Top 10 Newark Car Insurance Companies Ranked by Customer Service
- Mercury Insurance
- The Hartford
- American Family
- State Farm
- Farmers Insurance
Discount Ford Shelby GT350 insurance in Newark is definitely available on the web as well as from insurance agents, and you need to price shop both to get a complete price analysis. A few companies do not offer the ability to get a quote online and usually these smaller providers work with independent agents.
When you buy Newark car insurance online, never skimp on coverage in order to save money. In many instances, an insured dropped full coverage only to find out they didn’t have enough coverage. Your goal should be to find the BEST coverage at a price you can afford while not skimping on critical coverages.
People switch companies for many reasons like poor customer service, an unsatisfactory settlement offer, policy cancellation and questionable increases in premium. Regardless of your reason for switching companies, finding a new car insurance company can be easy and end up saving you some money.
Additional car insurance information can be found on the following sites:
- Should I Buy a New or Used Car? (Allstate)
- Who Has the Cheapest Car Insurance Quotes for a Subaru Outback in Newark? (FAQ)
- How Much are Car Insurance Rates for Good Students in Newark? (FAQ)
- Collision Coverage (Liberty Mutual)
- Collision Insurance Coverage (Nationwide)