Statistics show that over 70% of New Jersey drivers kept buying from the same company for over three years, and nearly the majority have never shopped around. Consumers in the United States can cut their rates by roughly $860 a year, but they just feel it’s too hard to go online and compare rates.
If saving money is your primary concern, then the best way to get more affordable auto insurance rates is to start comparing prices regularly from providers in Newark.
- Step 1: Spend a few minutes and learn about how companies price auto insurance and the factors you can control to lower rates. Many things that result in higher prices like accidents, traffic tickets, and poor credit history can be rectified by paying attention to minor details. Continue reading for instructions to help prevent expensive coverage and get additional discounts.
- Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from one company like GEICO and State Farm, while independent agencies can provide price quotes for many different companies.
- Step 3: Compare the new quotes to your existing rates to see if switching to a new carrier will save money. If you find better rates and switch companies, make sure there is no coverage gap between policies.
An important bit of advice to remember is that you use identical deductibles and limits on every quote request and and to get quotes from all possible companies. Doing this enables an apples-to-apples comparison and a complete price analysis.
If you are insured now or just want cheaper rates, you can use this information to lower your rates without sacrificing coverage. The purpose of this article is to familiarize you with the best ways to compare prices and also pocket some savings Comparison shoppers just have to know the proper way to shop from multiple carriers.
Get lower-cost Acura NSX insurance in Newark with discounts
The price of auto insurance can be rather high, but you might already qualify for some discounts that can dramatically reduce your bill. A few discounts will be applied when you get a quote, but lesser-known reductions have to be asked for prior to receiving the credit. If you do not check that you are getting every discount you qualify for, you are just wasting money.
- Buy New and Save – Buying insurance on a new vehicle can cost up to 25% less because new model year vehicles are generally safer.
- Discounts for Federal Employees – Having worked for a branch of the government can earn a discount up to 10% with select insurance companies.
- Telematics Data – Policyholders that allow driving data collection to study driving manner by using a telematics device like Drivewise from Allstate or In-Drive from State Farm could save a few bucks as long as they are good drivers.
- Accident Forgiveness Coverage – Not a discount per se, but a few companies such as GEICO and Allstate allow you one accident before they charge you more for coverage with the catch being you have to be claim-free prior to being involved in the accident.
- Membership in Organizations – Participating in qualifying clubs or civic groups can get you a small discount on your next car insurance statement.
- Discount for Good Grades – This discount may save you up to 25%. The good student discount can last until age 25.
- Low Miles Discount – Driving less could be rewarded with slightly better rates than normal.
- Discount for Life Insurance – Some companies give a break if you buy life insurance from them.
- Lower Rates for Military – Being deployed with a military unit could trigger a small discount.
- ABS Braking Discount – Cars, trucks, and SUVs equipped with ABS or steering control have fewer accidents so you can save 10 percent or more.
Policy discounts save money, but some of the credits will not apply to the entire policy premium. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So when it seems like you would end up receiving a 100% discount, you won’t be that lucky.
Larger car insurance companies and their possible discounts can be read below.
- GEICO offers discounts for anti-theft, air bags, multi-policy, good student, and military active duty.
- MetLife discounts include accident-free, claim-free, multi-policy, defensive driver, good student, good driver
- State Farm offers discounts including Steer Clear safe driver discount, anti-theft, good driver, Drive Safe & Save, good student, safe vehicle, and accident-free.
- Progressive may include discounts for multi-policy, multi-vehicle, homeowner, online quote discount, online signing, and continuous coverage.
- Mercury Insurance offers premium reductions for type of vehicle, multi-car, annual mileage, good student, anti-theft, and age of vehicle.
- 21st Century has discounts for teen driver, defensive driver, air bags, good student, early bird, homeowners, and driver training.
- Allstate policyholders can earn discounts including good student, passive restraint, eSmart discount, good payer, new car, and utility vehicle.
Double check with each company or agent which discounts they offer. Some credits may not apply to policyholders everywhere. To see insurers with significant discounts in New Jersey, click here to view.
Which Acura NSX insurance is cheapest in Newark?
Getting low cost auto insurance pricing can be quick and easy. Consumers just need to take time comparing free Newark auto insurance quotes online with multiple companies.
The providers in the list below offer free rate quotes in New Jersey. To find cheap auto insurance in New Jersey, it’s highly recommended you visit as many as you can to find the cheapest auto insurance rates.
How to Lower Your Insurance Costs
Many different elements are part of the calculation when you get a price on insurance. A few of the factors are predictable like your driving record, but some are more transparent like your continuous coverage and annual miles driven. It’s important that you understand the different types of things that come into play when calculating the rates you pay for auto insurance. If you understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that can help you get cheaper rates.
- Auto insurance policy lapses increase auto insurance rates – Letting your insurance expire will be a fast way to increase your rates. Not only will rates go up, not being able to provide proof of insurance might get you a license revocation or jail time. You may need to file a SR-22 with the New Jersey motor vehicle department.
- Credit rating impacts premium costs – A driver’s credit score is a large factor in your rate calculation. So if your credit history could use some work, you could save money insuring your Acura NSX if you improve your credit rating. Drivers who have good credit tend to file fewer claims and have better driving records than drivers who have poor credit.
- Your location is a factor – Residing in a rural area can save you money if you are looking for the lowest rates. Fewer drivers on the road translates into fewer accident claims in addition to fewer liability claims. Residents of big cities have traffic congestion and more severe claims. The longer drive time means more chance of being in an accident.
- Don’t cut corners with liability insurance – Liability coverage is the coverage that protects you when you are found liable for personal injury or accident damage. It provides legal defense to attempt to prove you were not liable. Liability insurance is pretty cheap when compared with rates for comp and collision, so drivers should buy more than the minimum limits required by law.
- Gender is a factor – Over the last 30 years, statistics show that females tend to be a little less risky than males. That doesn’t necessarily mean that females are better drivers. Men and women tend to get into accidents at about the same rate, but males tend to have higher claims. Not only that, but men also receive more major tickets such as driving while intoxicated (DWI) or driving recklessly.
Insurance agents near you
Many drivers still prefer to sit down with an agent and doing that can be a smart decision Insurance agents can help determine the best coverages and give you someone to call. One of the best bonuses of price shopping on the web is that you can find cheap car insurance quotes but also keep your business local.
For easy comparison, once you complete this form (opens in new window), your coverage information is instantly submitted to participating agents in Newark that can provide free Newark auto insurance quotes for your car insurance coverage. You never need to find an agent as quotes are delivered directly to your email. If you wish to quote rates for a specific company, just find their quoting web page and fill out their quote form.
Finding the right insurance company is decision based upon more than just the price. These are some questions you should get answers to.
- If they are an independent agency in Newark, which companies do they recommend?
- What is the financial rating for the quoted company?
- Do they get paid more for recommending certain coverages?
- Does the agent recommend any additional coverage?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- Will you work with the agent or an assistant?
- How many companies do they write for?
How to choose the best car insurance agent in Newark
If you need to find a good insurance agency, it’s important to understand the different types of agencies and how they function. Agents are considered either independent or exclusive. Both types can sell car insurance policies, but it’s worth learning the differences because it can impact which agent you choose.
Exclusive Car Insurance Agents
Agents that choose to be exclusive can usually just insure with one company and some examples include Farmers Insurance, State Farm, or Allstate. Exclusive agencies are unable to compare other company’s rates so always compare other rates. Exclusive insurance agents are usually quite knowledgeable on sales techniques and that can be a competitive advantage. Drivers often use the same exclusive agent mostly because of the brand legacy and the convenience of having all coverages with one company.
Below are Newark exclusive insurance agencies that are able to give 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
- State Farm: Greg Daniels
681 1/2 Mt Prospect Ave – Newark, NJ 07104 – (973) 484-5772 – View Map
Independent Insurance Agents
Independent agencies are not limited to a single company so as a result can place your coverage with any number of different companies and get you the best rates possible. To move your coverage to a new company, they simply switch companies in-house and you don’t have to do anything. When comparing car insurance rates, you will want to get insurance quotes from a few independent agents in order to compare the most rates. They also have the ability to place coverage with small mutual carriers which may provide better rates.
Listed below are independent insurance agencies in Newark that can give you rate quotes.
- Morais Insurance Agency, Inc.
217 Ferry St – Newark, NJ 07105 – (973) 344-2000 – View Map
- Milwaukee Insurance Co
10 Park Pl – Newark, NJ 07102 – (973) 648-3000 – View Map
- Ironbound Business Insurance
275 Chestnut St – Newark, NJ 07105 – (866) 497-1001 – View Map
Choosing Acura vehicle insurance is an important decision
Even though it’s not necessarily cheap to insure an Acura in Newark, insurance is not optional due to several reasons.
First, the majority of states have minimum liability requirements which means state laws require a minimum amount of liability 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 you bought your NSX with a loan, most banks will make it mandatory that you have physical damage coverage to ensure the loan is repaid in case of a total loss. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Acura for a much higher rate and make you pay for it.
Third, insurance safeguards both your Acura and your assets. Insurance will pay for medical transport and hospital expenses for yourself as well as anyone injured by you. Liability coverage, the one required by state law, will also pay attorney fees if you cause an accident and are sued. If mother nature or an accident damages your car, your policy will pay to repair the damage.
The benefits of insuring your NSX greatly outweigh the cost, particularly for liability claims. In a recent study of 1,000 drivers, the average customer is overpaying over $820 a year so compare quotes from several companies at every policy renewal to make sure the price is not too high.
Persistence is the key to affordable rates
In this article, we presented a lot of techniques to save on Acura NSX insurance in Newark. The key concept to understand is the more price quotes you have, the better your comparison will be. Consumers may even find the lowest car insurance rates come from some of the lesser-known companies.
Some auto insurance companies do not provide online rate quotes and usually these small insurance companies only sell coverage through independent insurance agencies. Budget-friendly auto insurance in Newark can be bought on the web in addition to local insurance agencies, so you should compare both so you have a total pricing picture.
People change insurance companies for many reasons like policy non-renewal, policy cancellation, high rates after DUI convictions or poor customer service. Whatever your reason, finding the right auto insurance provider can be pretty painless.
Much more information about auto insurance in New Jersey is located at the links below
- What if I Can’t Find Coverage? (Insurance Information Institute)
- Who Has Cheap Newark Auto Insurance Quotes for a Toyota Camry? (FAQ)
- Who Has Affordable Newark Auto Insurance for Teenage Females? (FAQ)
- What Insurance is Cheapest for a Ford Explorer in Newark? (FAQ)
- Who Has the Cheapest Newark Car Insurance Rates for Welfare Recipients? (FAQ)
- Comprehensive Coverage (Liberty Mutual)
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)
- Insuring a Leased Car (Insurance Information Institute)