Auto Insurance Quotes for a Toyota Yaris in Newark

Insurance for Toyota YarisReally, the only way to get budget auto insurance rates in Newark is to compare quotes once a year from different companies who sell auto insurance in New Jersey.

The key thing to know about shopping around is to make sure you enter similar coverage information on each quote and and to get prices from as many companies as possible. Doing this provides a level playing field and a complete rate analysis.

Unthinkable but true, most consumers renewed their policy with the same company for at least the last four years, and practically 40% of car insurance customers have never compared rates with other companies. Drivers in Newark could pocket 40% a year by just comparing quotes, but most tend to underestimate how much money they would save if they switched to a more affordable policy.

Locating the best rates in Newark is really quite simple as long as you have a good starting point. If you have a policy now, you will surely be able to shop for the lowest rates using the techniques covered below. Shoppers just have to understand the proper way to find the lowest price online.

Decisions You Make Can Impact Your Insurance Prices

Many different elements are part of the calculation when you get your auto insurance bill. A few of the factors are predictable such as your driving history, but other factors are not as apparent such as your marital status or how safe your car is.

The list below includes some of the most common factors companies use to determine your premiums.

Toyota Yaris insurance charts and tables

The coverage information displayed next highlights different insurance rates for Toyota Yaris models. Knowing how premiums are established can assist in making smart buying decisions.


Toyota Yaris Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Yaris 2-Dr Hatchback $240 $464 $560 $34 $168 $1,466 $122
Yaris 4-Dr Hatchback $240 $464 $496 $30 $148 $1,378 $115
Yaris 4-Dr Sedan $240 $464 $496 $30 $148 $1,378 $115
Yaris S 2-Dr Hatchback $274 $464 $560 $34 $168 $1,500 $125
Yaris S 4-Dr Hatchback $274 $464 $496 $30 $148 $1,412 $118
Yaris S 4-Dr Sedan $274 $464 $496 $30 $148 $1,412 $118
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Premium data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Estimates do not factor in specific location which can modify premiums significantly.

Physical damage deductibles

One frequently asked question is which deductibles should you choose. The data tables below can help you understand the costs and benefits of buying low and high physical damage deductibles. The first data table uses a $100 deductible for comp and collision and the second price grid uses a $1,000 deductible.


Toyota Yaris insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Yaris 2-Dr Hatchback $360 $746 $544 $32 $162 $1,869 $156
Yaris 4-Dr Hatchback $360 $746 $480 $28 $144 $1,783 $149
Yaris 4-Dr Sedan $360 $746 $480 $28 $144 $1,783 $149
Yaris S 2-Dr Hatchback $414 $746 $544 $32 $162 $1,923 $160
Yaris S 4-Dr Hatchback $414 $746 $480 $28 $144 $1,837 $153
Yaris S 4-Dr Sedan $414 $746 $480 $28 $144 $1,837 $153
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Toyota Yaris insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Yaris 2-Dr Hatchback $200 $394 $544 $32 $162 $1,332 $111
Yaris 4-Dr Hatchback $200 $394 $480 $28 $144 $1,246 $104
Yaris 4-Dr Sedan $200 $394 $480 $28 $144 $1,246 $104
Yaris S 2-Dr Hatchback $230 $394 $544 $32 $162 $1,362 $114
Yaris S 4-Dr Hatchback $230 $394 $480 $28 $144 $1,276 $106
Yaris S 4-Dr Sedan $230 $394 $480 $28 $144 $1,276 $106
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Estimates do not factor in Newark location which can decrease or increase auto insurance rates substantially.

Based on the above data, using a $100 deductible would cost the average driver about $45 more each month or $540 every year across all Toyota Yaris models than opting for the higher $1,000 deductible. Since you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to go at a minimum 20 months between claim filings, you would probably save some money if you opt for a higher deductible.

How to determine if higher deductibles are a good idea

Average monthly premium for $100 deductibles: $153
Average monthly premium for $1,000 deductibles (subtract): – $108
Monthly savings from raising deductible: $45
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $45
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

One big caveat is that a higher deductible means you will have to pay more out-of-pocket when you have a claim. You need to have enough disposable income in order to pay the deductible for vehicle repair.

Rate difference between full and liability-only coverage

The example below illustrates the difference between Toyota Yaris car insurance rates with full physical damage coverage and with liability coverage only. The data assumes a clean driving record, no claims, $1,000 deductibles, drivers are not married, and no discounts are applied.

Should you pay for full coverage?

There is no exact formula for excluding full coverage, but there is a general convention. If the annual cost of coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let’s pretend your Toyota Yaris claim settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $7,000 after the deductible is paid. If you are paying in excess of $700 annually for physical damage coverage, then it could be time to drop full coverage.

There are a few cases where dropping full coverage is not recommended. If you haven’t paid off your loan, you have to keep full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not buy liability only.

Don’t overlook these Toyota Yaris insurance discounts

Some insurance providers don’t necessarily list every possible discount in a way that’s easy to find, so the list below contains some of the best known in addition to some of the lesser obvious discounts that you can inquire about if you buy Newark car insurance online.Car insurance discounts

As a disclaimer on discounts, some of the credits will not apply to all coverage premiums. Most only cut the price of certain insurance coverages like physical damage coverage or medical payments. Even though it appears all those discounts means the company will pay you, it’s just not the way it works.

The diagram below illustrates the comparison of Toyota Yaris insurance prices with and without discounts applied to the rates. The premiums assume a male driver, a clean driving record, no claims, New Jersey state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, multi-car, marriage, homeowner, and claim-free discounts applied.

Larger car insurance companies and their offered discounts can be found below.

When getting free Newark car insurance quotes, it’s a good idea to all the companies to give you their best rates. Some discounts listed above might not be available to policyholders in every state. To see car insurance companies that offer multiple discounts in Newark, click this link.

Compare. Compare. Compare.

As you restructure your insurance plan, never reduce coverage to reduce premium. There are many occasions where an accident victim reduced uninsured motorist or liability limits only to find out they didn’t purchase enough coverage. Your goal should be to purchase a proper amount of coverage at the best possible price, but don’t skip important coverages to save money.

We just presented some good ideas how you can get a better price on Toyota Yaris insurance in Newark. The key thing to remember is the more quotes you get, the better your comparison will be. Consumers may even find the best price on insurance is with some of the lesser-known companies.

Drivers switch companies for many reasons like extreme rates for teen drivers, lack of trust in their agent, delays in paying claims or policy non-renewal. No matter why you want to switch, switching insurance companies is not as difficult as it may seem.

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