It’s an obvious statement that auto insurance companies want to keep you from comparing prices. Drivers who shop around once a year will probably buy a different policy because there is a high probability of finding lower prices. A study discovered that people who regularly compared price quotes saved approximately $865 a year compared to other drivers who never shopped around for better prices.
If finding the cheapest price on insurance is the reason you’re reading this, then having an understanding of how to quote and compare car insurance can help you succeed in finding affordable rates.
It takes a few minutes, but the best way to get the cheapest Volkswagen Passat insurance in Newark is to compare quotes annually from insurers that sell auto insurance in New Jersey.
- First, spend a few minutes and learn about policy coverages and the changes you can make to keep rates down. Many risk factors that result in higher rates such as speeding and a low credit rating can be rectified by making small lifestyle or driving habit changes.
- Second, get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can give quotes from a single company like Progressive or Farmers Insurance, while independent agencies can give you price quotes for a wide range of companies. View companies
- Third, compare the quotes to your current policy and determine if there is any savings. If you can save some money and switch companies, make sure coverage is continuous and does not lapse.
- Fourth, tell your current agent or company of your intention to cancel your current policy. Submit a down payment along with a completed application to the new company. Once coverage is bound, keep the new proof of insurance certificate with the vehicle registration.
A good tip to remember is to make sure you enter similar limits and deductibles on each quote request and and to analyze every company you can. This provides a fair rate comparison and and a good selection of different prices.
The quickest way to get policy rate comparisons for Volkswagen Passat insurance in Newark utilizes the fact car insurance companies actually pay money for the chance to compare rate quotes. All consumers are required to do is provide the companies a bit of rating information including if you have a valid license, if a SR-22 is required, if you went to college, and daily mileage. Your insurance information is instantly sent to all major companies and they respond with quotes within a short period of time.
To compare rates for your Volkswagen Passat now, click here and find out if lower rates are available in Newark.
The providers in the list below are ready to provide price quotes in Newark, NJ. If your goal is to find the best auto insurance in Newark, NJ, it’s a good idea that you get price quotes from several of them in order to find the most affordable rates.
Volkswagen Passat insurance rate analysis
The coverage table shown next showcases different rate quotes for Volkswagen Passat models. Having a better understanding of how rate quotes are calculated can assist in making informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Passat Komfort Station Wagon | $424 | $810 | $420 | $24 | $126 | $1,804 | $150 |
| Passat Komfort 4-Dr Sedan | $424 | $810 | $496 | $30 | $148 | $1,908 | $159 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Estimates do not factor in vehicle location which can influence premium rates greatly.
Policy deductible comparison
A question often asked by Newark drivers is where should you set your physical damage deductibles. The following insurance rates can help illustrate the differences in price when you select higher and lower physical damage coverage deductibles. The first rate comparisons uses a $250 physical damage deductible and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Passat Komfort Station Wagon | $420 | $738 | $408 | $24 | $122 | $1,737 | $145 |
| Passat Komfort 4-Dr Sedan | $420 | $738 | $480 | $28 | $144 | $1,835 | $153 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Passat Komfort Station Wagon | $258 | $464 | $408 | $24 | $122 | $1,276 | $106 |
| Passat Komfort 4-Dr Sedan | $258 | $464 | $480 | $28 | $144 | $1,374 | $115 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Table data does not factor in specific garaging location which can revise auto insurance rates substantially.
Based on these figures, using a $250 deductible could cost the average driver approximately $38 more each month or $456 every year across all Volkswagen Passat models than quoting the higher $1,000 deductible. Because you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you go more than 20 months between claim filings, you would more than likely save some money if you opt for a higher deductible.
The illustration below highlights how deductible choice and can affect Volkswagen Passat annual premium costs for different age groups. The data assumes a single male driver, full coverage, and no additional discounts are factored in.
Careless driving habits raise Newark car insurance rates
The example below shows how violations and at-fault collisions influence Volkswagen Passat insurance prices for different categories of driver ages. The rates are based on a single male driver, full physical damage coverage, $500 deductibles, and no discounts are applied to the premium.
Do you need full coverage?
The chart below illustrates the difference between Volkswagen Passat yearly insurance costs when comparing full coverage to liability only. The data assumes no violations or claims, $250 deductibles, marital status is single, and no additional discounts are factored in.
When to buy liability coverage only
There is no clear-cut rule to delete full coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is about 10% or more of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your Volkswagen Passat claim settlement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $6,000 after paying your policy deductible. If you are currently paying more than $600 annually to have full coverage, then it’s probably a good time to buy liability coverage only.
There are some scenarios where only buying liability is not a good idea. If you haven’t paid off your loan, you have to carry 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 not drop full coverage.
When in doubt talk to an agent
Always keep in mind that when comparing coverage online or from an agent for your vehicles, there isn’t really a perfect coverage plan. Your needs are unique to you.
For example, these questions can aid in determining if your insurance needs would benefit from an agent’s advice.
- What is an umbrella policy?
- Does insurance cover damages from a DUI accident?
- When should I have rental car coverage?
- If I drive on a suspended license am I covered?
- Is my vehicle covered by my employer’s policy when using it for work?
- Can I cancel at any time?
- Is a driver training discount available?
If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form.
Local Newark insurance agencies
A lot of people prefer to visit with an insurance agent and that is not a bad decision The best thing about comparing rates online is that you can find cheaper prices and still buy from a local agent.
Once you complete this form (opens in new window), your insurance coverage information is sent to local insurance agents in Newark who can give free rate quotes and help you find cheaper coverage. It’s much easier because you don’t need to drive around as quotes are delivered immediately to you. You can most likely find cheaper rates AND a local agent. If you have a need to get a rate quote from a specific insurance provider, feel free to visit that company’s website and give them your coverage information.
Choosing the best insurer is decision based upon more than just a cheap quote. Ask your prospective agent these questions:
- Are they paid to recommend certain coverages?
- When do they do a full risk review?
- Are claim adjusters local or do you have to take your car somewhere else?
- Can they give you a list of client referrals?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- Does their agency support local causes in Newark?
- Is there a Errors and Omissions policy in force?
Pick the best car insurance agent in Newark for you
When finding a reliable insurance agent, you need to know there are two different agency structures that you can choose from. Agents in Newark may be either exclusive or independent agents depending on their company appointments.
Exclusive Insurance Agents
Agents of this type can only place business with one company and some examples include AAA, Allstate, State Farm, or Farmers Insurance. They are unable to provide other company’s prices so always compare other rates. Exclusive agents receive extensive training on the products they sell which helps offset the inability to provide other markets. Many people choose to use a exclusive agent primarily because of the brand legacy and the convenience of having a single billing for all their coverages.
The following are Newark exclusive agencies who can help you get price quote information.
- State Farm: Greg Daniels
681 1/2 Mt Prospect Ave – Newark, NJ 07104 – (973) 484-5772 – View Map - Farmers Insurance – Christine Veliz
229 Bloomfield Ave – Newark, NJ 07104 – (973) 482-1975 – View Map - Allstate Insurance: Celia Caro
66 Wilson Ave – Newark, NJ 07105 – (973) 690-6400 – View Map
Independent Agents (or Brokers)
Independent agents often have affiliation with several companies so they can quote policies with any number of different companies and find you the best rates. If you want to switch companies, they simply move the coverage in-house which makes it simple for you.
If you are trying to find cheaper rates, you should always get some free quotes from several independent agencies so that you can do a thorough price comparison. Many write coverage with mutual insurance companies who may have lower rates.
Listed below are independent insurance agencies in Newark that can give you price quotes.
- METROPLUS INSURANCE AGENCY-BELLEVILLE
338 Washington Ave – Belleville, NJ 07109 – (973) 759-8291 – View Map - Costa Do Sol Agency
650 Newark Ave – Elizabeth, NJ 07208 – (908) 352-3623 – View Map - Acosta Agency
568 Broadway # B – Newark, NJ 07104 – (973) 482-5898 – View Map