Cheap Rates for Jeep Wrangler Insurance in Newark

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It's a fact that auto insurance companies want to keep you from shopping around. Consumers who rate shop once a year are likely to buy a different policy because there is a significant possibility of finding lower rate quotes. A recent survey discovered that people who shopped around saved an average of $72 a month compared to drivers who never compared rates.

If saving money on car insurance is your ultimate target, then understanding how to compare auto insurance can help make the process easier and more efficient.

Insurance quote for Jeep Wrangler in NewarkIt takes a little time, but the best way to get affordable auto insurance rates is to compare quotes once a year from insurers who provide auto insurance in Newark.

First, try to learn a little about how car insurance works and the things you can control to keep rates low. Many rating criteria that increase rates like traffic violations, accidents, and poor credit history can be eliminated by making minor driving habit or lifestyle changes.

Second, get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give rate quotes from a single company like Progressive or Allstate, while independent agents can provide prices from multiple companies.

Third, compare the new rates to your current policy to see if switching to a new carrier will save money. If you find a better price, ensure coverage does not lapse between policies.

Fourth, tell your current agent or company to cancel your current coverage and submit a signed application and payment for your new policy. Once coverage is bound, keep the new certificate verifying proof of insurance with the vehicle registration.

The key thing to remember is to make sure you're comparing the same liability limits and deductibles on each price quote and and to look at all possible companies. Doing this guarantees the most accurate price comparison and the most accurate and complete price analysis.

The best way to compare insurance rates in your area is to realize most larger insurance companies participate in online systems to give rate comparisons. To start a quote, the only thing you need to do is provide information such as level of coverage desired, whether or not you need a SR-22, if you lease or own, and whether the vehicles are used for commuting. Those rating factors is instantly provided to insurance companies and you will receive price estimates within a short period of time.

If you would like to compare rates now, click here and find out if lower rates are available in Newark.

The companies shown below provide price comparisons in New Jersey. If you want cheap auto insurance in Newark, it's highly recommended you visit two to three different companies to find the lowest auto insurance rates.

Analysis of coverages

The premium table shown next outlines a range of insurance costs for Jeep Wrangler models. Learning how policy premiums are calculated can be valuable when making decisions on which coverage to buy.

Jeep Wrangler Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Wrangler Sport 4WD 2-Dr $292 $400 $648 $38 $194 $1,572 $131
Wrangler Unlimited Sport 2WD 4-Dr $292 $400 $812 $48 $242 $1,794 $150
Wrangler Sport Islander Package 4WD 2-Dr $292 $510 $648 $38 $194 $1,682 $140
Wrangler Unlimited Sport 4WD 4-Dr $336 $400 $812 $48 $242 $1,838 $153
Wrangler Sahara 4WD 2-Dr $336 $510 $648 $38 $194 $1,726 $144
Wrangler Unlimited Sport Islander Package 4WD 4-Dr $336 $400 $812 $48 $242 $1,838 $153
Wrangler Unlimited Sahara 2WD 4-Dr $336 $400 $812 $48 $242 $1,838 $153
Wrangler Rubicon 4WD 2-Dr $336 $510 $648 $38 $194 $1,726 $144
Wrangler Unlimited Sahara 4WD 4-Dr $336 $510 $812 $48 $242 $1,948 $162
Wrangler Unlimited Rubicon 4WD 4-Dr $378 $510 $812 $48 $242 $1,990 $166
Get Your Own Custom Quote Go

Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Table data does not factor in vehicle location which can decrease or increase auto insurance rates substantially.

How high should deductibles be?

When comparing auto insurance rates, the most common question is how high or low should comp and collision deductibles be. The figures shown below can help show how much more rates are between low and high physical damage coverage deductibles. The first rate estimation uses a $250 deductible and the second set of rates uses a $1,000 deductible.

Jeep Wrangler insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Wrangler Sport 4WD 2-Dr $324 $402 $480 $28 $144 $1,403 $117
Wrangler Unlimited Sport 2WD 4-Dr $324 $402 $600 $36 $180 $1,567 $131
Wrangler Sport Islander Package 4WD 2-Dr $324 $514 $480 $28 $144 $1,515 $126
Wrangler Unlimited Sport 4WD 4-Dr $372 $402 $600 $36 $180 $1,615 $135
Wrangler Sahara 4WD 2-Dr $372 $514 $480 $28 $144 $1,563 $130
Wrangler Unlimited Sport Islander Package 4WD 4-Dr $372 $402 $600 $36 $180 $1,615 $135
Wrangler Unlimited Sahara 2WD 4-Dr $372 $402 $600 $36 $180 $1,615 $135
Wrangler Rubicon 4WD 2-Dr $372 $514 $480 $28 $144 $1,563 $130
Wrangler Unlimited Sahara 4WD 4-Dr $372 $514 $600 $36 $180 $1,727 $144
Wrangler Unlimited Rubicon 4WD 4-Dr $420 $514 $600 $36 $180 $1,775 $148
Get Your Own Custom Quote Go
Jeep Wrangler insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Wrangler Sport 4WD 2-Dr $200 $254 $480 $28 $144 $1,106 $92
Wrangler Unlimited Sport 2WD 4-Dr $200 $254 $600 $36 $180 $1,270 $106
Wrangler Sport Islander Package 4WD 2-Dr $200 $324 $480 $28 $144 $1,176 $98
Wrangler Unlimited Sport 4WD 4-Dr $230 $254 $600 $36 $180 $1,300 $108
Wrangler Sahara 4WD 2-Dr $230 $324 $480 $28 $144 $1,206 $101
Wrangler Unlimited Sport Islander Package 4WD 4-Dr $230 $254 $600 $36 $180 $1,300 $108
Wrangler Unlimited Sahara 2WD 4-Dr $230 $254 $600 $36 $180 $1,300 $108
Wrangler Rubicon 4WD 2-Dr $230 $324 $480 $28 $144 $1,206 $101
Wrangler Unlimited Sahara 4WD 4-Dr $230 $324 $600 $36 $180 $1,370 $114
Wrangler Unlimited Rubicon 4WD 4-Dr $258 $324 $600 $36 $180 $1,398 $117
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Premium amounts do not factor in specific location information which can decrease or increase coverage rates greatly.

Based on this data, using a $250 deductible costs approximately $28 more each month or $336 each year averaged for all Wrangler models than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go at least 27 months between claim filings, you would probably be better off going with the higher deductible.

The illustration below demonstrates how deductibles and can affect Jeep Wrangler insurance prices for each different age category. The premiums assume a single female driver, full physical damage coverage, and no discounts are factored in.

Annual premiums comparing men and women in Newark

The information below illustrates the comparison of Jeep Wrangler yearly insurance costs for male and female drivers. Data assumes a clean driving record, no claims, comp and collision included, $100 deductibles, single status, and no policy discounts are applied.

Full coverage rates vs. liability-only in Newark

The chart below illustrates the difference between Jeep Wrangler insurance prices with full coverage and liability only. The premium estimates are based on no claims or driving violations, $1,000 deductibles, marital status is single, and no other discounts are factored in.

When to drop full coverage

There is no clear-cut rule of when to stop paying for comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

For example, let's say your Jeep Wrangler settlement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $3,000 after paying the physical damage deductible. If premium cost is more than $300 a year for physical damage coverage, then it might be time to buy liability only.

There are some scenarios where buying only liability insurance is not a good plan. If you haven't satisfied your loan, you have to keep full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should keep full coverage in place.

How You Can Control Jeep Wrangler Insurance Costs

Smart consumers have a good feel for some of the things that help calculate the rates you pay for car insurance. If you know what controls the rates you pay, this enables you to make decisions that could help you find big savings. Many things are part of the calculation when you get a price on insurance. Most are fairly basic like your driving record, but others are more obscure like your continuous coverage or your financial responsibility.

  • Amount of liability insurance - Your policy's liability coverage provides coverage if ever you are found liable for an accident. It will provide you with a defense in court which can cost a lot. Liability is cheap compared to physical damage coverage, so drivers should buy more than the minimum limits required by law.
  • Tickets can increase rates - Having a clean driving record can have a huge impact on auto insurance premiums. Careful drivers pay less for auto insurance compared to drivers with tickets. Even one speeding ticket or other violation can increase the cost of insurance by twenty percent. Drivers unfortunate enough to have dangerous violations like DUI or reckless driving may be required to submit a SR-22 or proof of financial responsibility with their state's licensing department in order to legally drive.

    The illustration below demonstrates how speeding tickets and accident claims can increase Jeep Wrangler insurance prices for different categories of driver ages. The prices are based on a single male driver, full physical damage coverage, $500 deductibles, and no discounts are applied.

  • The type of car makes a difference - The performance of the car you drive makes a substantial difference in how high your rates are. Economy passenger cars generally have the cheapest insurance rates, but there are many factors that impact the final cost.

    The next chart assumes a married female driver age 20, full coverage with $100 deductibles, and no discounts or violations. It shows Jeep Wrangler policy rates compared to other models of vehicles that have different performance rating factors.

  • Keep the miles off and save - Driving a lot of miles in a year the more you'll pay to insure your vehicle. Most companies charge rates based on how the vehicle is used. Autos not used for work or commuting cost less to insure than cars that get driven a lot. An improperly rated Wrangler may be costing you. Double check that your vehicle rating correctly shows the right rating data, because improper ratings can cost you money.
  • Do you know your coverage deductibles? - Physical damage deductibles state the amount of money you are willing to pay out-of-pocket in the event of a claim. Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Some examples of claims that would be covered are rear-ending another vehicle, hail damage, and damage from wind. The higher the amount you're willing to pay, the better rate you will receive.
  • Lower premiums by staying claim free - Insurance companies in New Jersey provide discounts to policyholders who are claim-free. If you're an insured who likes to file claims you can definitely plan on increased rates or even have your policy non-renewed. Auto insurance is intended for claims that you cannot pay yourself.
  • Car insurance rates and your occupation - Did you know your job can affect your rates? Jobs such as judges, architects, and stock brokers generally have higher rates than average attributed to job stress and long work days. Conversely, careers like farmers, historians and retirees pay lower than average rates.
  • Jeep Wrangler historical loss data - Insurers use historical loss data to calculate a price that offsets possible losses. Models that are shown to have higher prevalence or dollar amount of losses will have a higher cost to insure. The table shown below demonstrates the historical insurance loss data for Jeep Wrangler vehicles.

    For each type of coverage, the loss probability for all vehicles, without regard to make or model, is equal to 100. Percentages below 100 suggest a positive loss record, while numbers that are greater than 100 indicate frequent claims or statistically larger claims.

    Insurance Loss Ratings for Jeep Wrangler Vehicles
    Specific Jeep Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Jeep Wrangler 2dr SWB 4WD 54 134 71 57 52 102
    Jeep Wrangler 4dr 4WD 58 151 82 66 62 120
    BETTER
    AVERAGE
    WORSE

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

Choosing the best Jeep vehicle insurance in New Jersey is an important decision

Despite the potentially high cost of Jeep Wrangler insurance, insuring your vehicle is required by state law in New Jersey and it also provides benefits you may not be aware of.

First, just about all states have mandatory insurance requirements which means you are required to buy specific minimum amounts of liability insurance in order to get the vehicle licensed. 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 have a lien on your Wrangler, it's guaranteed your bank will have a requirement that you buy full coverage to ensure loan repayment if the vehicle is totaled. If you default on your policy, the lender may have to buy a policy to insure your Jeep at a much higher premium rate and force you to pay the higher price.

Third, car insurance preserves not only your Jeep Wrangler but also your assets. It will also reimburse you for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. One policy coverage, liability insurance, also covers legal expenses if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will pay to have it repaired.

The benefits of insuring your car greatly outweigh the cost, especially when you need to use it. But the average American driver is overpaying more than $850 per year so shop around each time the policy renews to be sure current rates are still competitive.