Cheapest Insurance for a Jeep Liberty in Newark

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Insurance for Jeep LibertyIt takes a little time, but the best way to find more affordable car insurance rates in Newark is to start doing a yearly price comparison from insurance carriers that insure vehicles in New Jersey.

  1. Take a little time to learn about auto insurance and the things you can change to prevent expensive coverage. Many risk factors that drive up the price such as careless driving and a less-than-favorable credit rating can be remedied by making minor driving habit or lifestyle changes.
  2. Get rate quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like Progressive or Farmers Insurance, while agents who are independent can give you price quotes from multiple sources.
  3. Compare the new rate quotes to the price on your current policy to see if a cheaper price is available in Newark. If you find a lower rate and switch companies, make sure there is no lapse in coverage.
  4. Notify your agent or company of your decision to cancel your current policy and submit a completed application and payment to your new insurance company. Once the paperwork is finalized, put the new certificate of insurance with your registration paperwork.

The key thing to remember is to make sure you're comparing the same level of coverage on every quote request and and to analyze as many companies as you can. This ensures a fair rate comparison and the best price selection.

Amazingly, a recent NerdWallet.com study showed that the vast majority of New Jersey car insurance customers kept their policy with the same company for more than four years, and 38% of customers have never compared rate quotes at all. American consumers could cut their rates by about 46.5% a year just by comparing rates, but most just don't grasp the amount of money they would save if they moved their coverage to a different company.

The best way to get policy rate comparisons for Jeep Liberty insurance in Newark utilizes the fact most of the larger companies pay for the opportunity to compare rate quotes. All consumers are required to do is provide information like whether you are single or married, an estimate of your credit level, how many miles driven, and how old drivers are. Those rating factors is submitted instantly to multiple companies and you get price estimates instantly.

To compare multiple company cheap Jeep Liberty insurance rates now, click here and enter your zip code.

The following companies offer comparison quotes in Newark, NJ. To locate cheap auto insurance in NJ, it's a good idea that you get prices from several of them to find the lowest car insurance rates.

Three good reasons to insure your Jeep Liberty

Despite the high cost of buying insurance for a Jeep Liberty in Newark, paying for insurance serves several important purposes.

First, most states have compulsory liability insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability protection 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 your Liberty has a lienholder, most banks will make it mandatory that you have insurance to guarantee payment of the loan. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Jeep at a much higher rate and force you to pay the higher premium.

Third, insurance protects your car and your assets. It will also provide coverage for medical transport and hospital expenses incurred in an accident. Liability coverage will also pay to defend you if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.

The benefits of carrying adequate insurance more than cancel out the cost, particularly for liability claims. On average, a vehicle owner in Newark is overpaying more than $850 per year so you should quote and compare rates at least once a year to help ensure money is not being wasted.

Jeep Liberty insurance charts and tables

The premium table below showcases estimates of insurance prices for Jeep Liberty models. Having a good grasp of how car insurance prices are determined can help drivers make decisions when shopping your coverage around.

Jeep Liberty Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Liberty Sport 2WD $172 $318 $544 $32 $162 $1,228 $102
Liberty Limited 2WD $198 $318 $544 $32 $162 $1,254 $105
Liberty Renegade 4WD $198 $318 $544 $32 $162 $1,254 $105
Liberty Sport 4WD $198 $318 $544 $32 $162 $1,254 $105
Liberty Limited 4WD $198 $386 $544 $32 $162 $1,322 $110
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Rate quotes do not factor in your specific Newark location which can raise or lower prices greatly.

Policy deductibles

When comparing auto insurance rates, the most common question is which deductibles should you choose. The comparisons below may help you to understand the differences in premium rates when you buy lower versus higher policy deductibles. The first rate quote example uses a $250 physical damage coverage deductible and the second data table uses a $500 deductible.

Jeep Liberty insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Liberty Sport 2WD $324 $514 $480 $28 $144 $1,515 $126
Liberty Limited 2WD $372 $514 $480 $28 $144 $1,563 $130
Liberty Renegade 4WD $372 $514 $480 $28 $144 $1,563 $130
Liberty Sport 4WD $372 $514 $480 $28 $144 $1,563 $130
Liberty Limited 4WD $372 $626 $480 $28 $144 $1,675 $140
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Jeep Liberty insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Liberty Sport 2WD $264 $414 $480 $28 $144 $1,330 $111
Liberty Limited 2WD $302 $414 $480 $28 $144 $1,368 $114
Liberty Renegade 4WD $302 $414 $480 $28 $144 $1,368 $114
Liberty Sport 4WD $302 $414 $480 $28 $144 $1,368 $114
Liberty Limited 4WD $302 $504 $480 $28 $144 $1,458 $122
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Rates do not factor in Newark location which can increase or decrease price quotes considerably.

Using the data above, we can ascertain that using a $250 deductible costs an average of $16 more each month or $192 for a full year than buying the higher $500 deductible. Because you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you usually have at least 16 months between claims, you would probably save some money if you opt for a higher deductible.

Reckless driving habits raise Newark auto insurance rates

The example below shows how traffic citations and at-fault collisions drive up Jeep Liberty insurance costs for each different age category. Data assumes a married male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied to the premium.

Should you buy full coverage?

The chart below shows the comparison of Jeep Liberty insurance prices with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on no accidents or driving violations, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.

Should you pay for full coverage or liability only?

There is no exact formula of when to phase out physical damage coverage on your policy, but there is a general school of thought. If the annual cost of having full coverage is more than around 10% of the settlement you would receive from your company, then you might consider buying liability only.

For example, let's say your Jeep Liberty book value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $3,000 after paying your deductible. If premium cost is more than $300 a year to have full coverage, then it could be time to drop full coverage.

There are some scenarios where dropping physical damage coverage is not a good idea. If you haven't paid off your loan, you have to keep full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not consider dropping full coverage.

Lower your insurance rates with discounts

Car insurance is not cheap, but there could be significant discounts that many consumers don't even know exist. Certain reductions will be credited when you get a quote, but once in a while a discount must be asked about in order for you to get them.Insurance discounts

  • Accident Waiver - Not necessarily a discount, but some companies like GEICO, Progressive, and Allstate allow you one accident before raising your premiums if you are claim-free before the accident.
  • Low Mileage - Low annual miles could qualify for better premium rates on cars that stay parked.
  • No Accidents - Drivers who don't have accidents get the best insurance rates in comparison with drivers who are more careless.
  • Discounts for New Vehicles - Adding a new car to your policy can save up to 30% because newer models are generally safer.
  • Drivers Ed for Students - It's a good idea to have your young drivers enroll in driver's education in school.
  • Newark Homeowners Pay Less - Owning a home in Newark can get you a discount because owning a home demonstrates responsibility.
  • Data Collection Discounts - Drivers that enable companies to scrutinize driving patterns by using a telematics device like Allstate's Drivewise might get better premium rates if they exhibit good driving behavior.

As a footnote on discounts, many deductions do not apply to the whole policy. Most only reduce specific coverage prices like comp or med pay. If you do the math and it seems like you would end up receiving a 100% discount, you won't be that lucky.

The chart below compares Jeep Liberty insurance costs with and without policy discounts. The rate quotes are based on a male driver, no violations or accidents, New Jersey state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, multi-car, marriage, safe-driver, and homeowner discounts applied.

Larger insurance companies and their possible discounts can be found below.

  • 21st Century policyholders can earn discounts including good student, driver training, anti-lock brakes, automatic seat belts, air bags, and early bird.
  • Progressive offers discounts for homeowner, online signing, continuous coverage, multi-vehicle, and multi-policy.
  • State Farm may include discounts for multiple policy, passive restraint, Steer Clear safe driver discount, anti-theft, good student, driver's education, and defensive driving training.
  • Nationwide may have discounts that include business or organization, family plan, Farm Bureau membership, multi-policy, and defensive driving.
  • Esurance offers discounts including online quote, renters, paid-in-full, safety device, anti-theft, DriveSense, and multi-car.
  • The Hartford has savings for defensive driver, bundle, vehicle fuel type, air bag, good student, driver training, and anti-theft.

When quoting, ask all the companies which discounts you may be entitled to. A few discounts might not be available to policyholders in Newark. For a list of insurance companies with discount insurance rates in Newark, click here to view.

Your auto insurance coverage should be tailored to you

When quoting and choosing coverage online or from an agent, there really isn't a one-size-fits-all type of policy. Each situation is unique.Safe vehicles cost less to insure

These are some specific questions may help you determine whether or not you would benefit from professional advice.

  • Will my Jeep Liberty be repaired with OEM or aftermarket parts?
  • Why do I have to buy liability insurance?
  • What should my uninsured motorist coverage limits be in New Jersey?
  • Can my babysitter drive my car?
  • Am I covered if my car is in a flood?
  • What is roadside assistance coverage?

If it's difficult to answer those questions then you might want to talk to a licensed agent. To find an agent in your area, complete this form. It is quick, free and may give you better protection.

Best car insurance in New Jersey

Picking the top car insurance provider can be difficult considering how many companies there are in Newark. The information below can help you decide which car insurance companies you want to consider comparing rates from.

Top 10 Newark Car Insurance Companies Ranked by Value

  1. The Hartford
  2. Mercury Insurance
  3. Farmers Insurance
  4. Safeco Insurance
  5. AAA Insurance
  6. 21st Century
  7. Travelers
  8. State Farm
  9. Progressive
  10. American Family

Top 10 Newark Car Insurance Companies Overall

  1. Mercury Insurance
  2. The Hartford
  3. Progressive
  4. Travelers
  5. State Farm
  6. Farmers Insurance
  7. Safeco Insurance
  8. USAA
  9. GEICO
  10. 21st Century