It’s an obvious statement that insurance companies don’t want you quoting rates from other companies. Insureds who get price quotes annually are likely to switch companies because there are good odds of finding a lower-cost company. A study discovered that consumers who faithfully checked for cheaper rates saved as much as $860 a year as compared to drivers who never shopped around.
If finding discount rates on Kia Sedona insurance in Newark is the reason for your visit, then learning about how to quote prices and compare insurance rates can make it easier for you to save money.
It takes a few minutes, but the best way to get the cheapest car insurance rates in Newark is to compare prices annually from providers who provide car insurance in New Jersey. You can shop around by completing these steps.
- Try to understand policy coverages and the factors you can control to prevent expensive coverage. Many rating factors that result in higher prices such as traffic violations, accidents, and a less-than-favorable credit history can be remedied by making small lifestyle or driving habit changes.
- Request price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can give quotes from a single company like Progressive and State Farm, while independent agents can give you price quotes from multiple sources.
- Compare the price quotes to your current policy premium to see if a cheaper price is available in Newark. If you find a better price and switch companies, make sure coverage does not lapse between policies.
A crucial key to this process is to use the same amount of coverage on every quote and and to get price estimates from as many companies as you can. Doing this helps ensure a level playing field and the best rate selection.
Where can I get affordable Newark Kia Sedona insurance?
The companies shown below have been selected to offer price quotes in New Jersey. If you want to find the best auto insurance in Newark, we recommend you get prices from several of them in order to find the cheapest rates.
Statistics and details
The data table shown next showcases a range of rate quotes for Kia Sedona models. Having a good understanding how insurance prices are figured can help you make smart choices when selecting a coverage provider.
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Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Price information does not factor in your specific Newark location which can alter coverage prices substantially.
Physical damage deductible comparison
When buying insurance, a common question is the level to set your comp and collision deductibles. The rates shown below summarize the differences in price of buying low and high comp and collision deductibles. The first data table uses a $250 deductible for comprehensive and collision coverage and the second price table uses a $500 deductible.
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Prices 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 costs do not factor in specific garaging location which can impact rates significantly.
Based on this data, we can arrive at the conclusion that using a $250 deductible would cost the average driver about $17 more each month or $204 every year than selecting the higher $500 deductible. Because you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you have more than 15 months between claim filings, you would save money if you choose a higher deductible.
Should you buy full coverage?
The diagram below shows the comparison of Kia Sedona insurance rates with full coverage compared to only the New Jersey minimum liability coverage. The premium estimates are based on no driving violations, no at-fault accidents, $500 deductibles, marital status is single, and no additional discounts are factored in.
Deciding between full coverage and liability only
There is no exact rule to delete full coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.
For example, let’s pretend your Kia Sedona book value is $6,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $5,000 after the deductible is paid. If it’s costing in excess of $500 a year for comprehensive and collision coverage, then you may need to consider dropping full coverage.
There are some circumstances where only buying liability is not a good idea. If you still owe money on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should keep full coverage on your policy.
Auto insurance is not optional
Despite the high cost of buying insurance for a Kia Sedona in Newark, auto insurance is required by state law in New Jersey and it also provides benefits you may not be aware of.
First, the majority of states have compulsory liability insurance requirements which means state laws require a specific minimum amount of liability insurance coverage 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 took out a loan on your car, almost every bank will make it a condition of the loan that you buy full coverage to ensure the loan is repaid in case of a total loss. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Kia for a lot more money and require you to fork over the higher price.
Third, auto insurance protects both your car and your personal assets. It will also pay for many types of medical costs for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, also pays for attorney fees and expenses if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.
The benefits of buying auto insurance outweigh the cost, especially if you ever need it. The average driver in New Jersey overpays as much as $830 a year so we recommend shopping around at every policy renewal to help ensure money is not being wasted.
Smart Buyers Can Lower Their Insurance Prices
Lots of things are taken into consideration when you quote your car insurance policy. Some are pretty understandable such as your driving record, although others are more obscure like where you live or how safe your car is.
The factors shown below are a few of the “ingredients” used by insurance companies to determine premiums.
Cars with good safety ratings means cheaper insurance – Safer cars cost less to insure. The safest vehicles reduce injuries and better occupant protection translates into fewer and smaller insurance claims passed on to you as lower rates.
Accidents increase premiums – Having a clean driving record has a lot to do with how much you pay for insurance. Even one ticket could increase your next policy renewal by twenty percent. Drivers with clean records tend to pay less for car insurance than people who have multiple driving citations. Drivers who get flagrant violations like DUI or reckless driving may find that they have to to submit a SR-22 form with their state in order to drive a vehicle legally.
The illustration below shows how violations and accidents raise Kia Sedona annual premium costs for different age groups. The premiums are based on a single female driver, comp and collision included, $500 deductibles, and no policy discounts are applied.
Discounts for theft deterrents – Driving a car with a theft deterrent system can get you a discount on your auto insurance. Theft deterrent systems like vehicle immobilizer systems, OnStar, and tracking devices like LoJack can thwart car theft and help bring rates down.
The more you drive the more you pay – The higher the miles on your Kia each year the higher the price you pay to insure it. Almost all companies charge to insure your cars based upon how you use the vehicle. Cars and trucks that are left in the garage cost less to insure as compared to vehicles used primarily for driving to work. Verify your auto insurance coverage states the proper vehicle usage, because it can save money. Having the wrong rating on your Sedona may be costing you higher rates.
Discounts for auto and home policies – Most larger companies will award a discount to clients who carry more than one policy, otherwise known as a multi-policy discount. If you currently are using one company, it’s in your best interest to compare other Newark Sedona insurance rates to verify if the discount is saving money.
Insurance losses for a Kia Sedona – Auto insurance companies analyze the history of losses to help calculate a profitable premium rate. Models that statistically have higher number or severity of losses will have a higher premium rate.
The table below outlines the insurance loss data used by companies for Kia Sedona vehicles. For each coverage category, the claim amount for all vehicles, as an average, is a value of 100. Values under 100 mean the vehicle has better than average losses, while percentages above 100 indicate a higher chance of having a claim or an increased probability of a larger loss.
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Cheaper rates by receiving discounts
Insurance can be prohibitively expensive, but there’s a good chance there are discounts to cut the cost considerably. Some of these discounts will be visible at the time of purchase, but a few need to be specially asked for before they will apply.
- College Student – Youth drivers who live away from home to go to college and don’t have a car may qualify for this discount.
- Discount for Passive Restraints – Cars that have air bags and/or automatic seat belt systems may get savings of 20 to 30 percent.
- E-sign Discounts – A few insurance companies give back up to $50 just for signing your application online.
- Driver Education Discount – Reduce the cost of insurance for teen drivers by having them successfully take a driver’s education course as it can save substantially.
- Anti-lock Brakes – Cars that have steering control and anti-lock brakes can avoid accidents and will save you 10% or more on Sedona insurance in Newark.
- Theft Prevention System – Vehicles that have factory anti-theft systems prevent vehicle theft and will save you 10% or more on Sedona insurance in Newark.
- One Accident Forgiven – This isn’t a discount exactly, but a few companies such as State Farm and GEICO will forgive one accident without getting socked with a rate hike if your claims history is clear for a set time period.
- Defensive Driver – Successfully completing a driver safety course can save you 5% or more and also improve your driving technique.
One thing to note about discounts is that most discounts do not apply to the whole policy. Most cut specific coverage prices like liability, collision or medical payments. So even though they make it sound like you can get free auto insurance, companies wouldn’t make money that way.
The information below visualizes the comparison of Kia Sedona insurance costs with and without discounts applied to the policy rates. The premiums are based on a female driver, no violations or accidents, New Jersey state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, marriage, multi-policy, multi-car, and homeowner discounts applied.
To view auto insurance companies that offer many of these discounts in Newark, click here.
Everyone needs different insurance coverages
Always keep in mind that when comparing the right insurance coverage, there is no one size fits all plan. Your needs are unique to you and your insurance should unique, too.
These are some specific questions might point out whether or not you would benefit from an agent’s advice.
- Should I drop comprehensive coverage on older vehicles?
- Am I insured when driving a different vehicle?
- Do I have coverage when pulling a U-Haul trailer?
- Do I need replacement cost coverage on my Kia Sedona?
- How much can I save by bundling my policies?
- Why do I only qualify for high-risk insurance?
- Should I pay a claim out-of-pocket?
If you can’t answer these questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area. It’s fast, free and you can get the answers you need.
Independent and exclusive insurance agencies
Many drivers still like to sit down and talk to an agent and that is recommended in a lot of cases Experienced insurance agents are highly skilled in risk management and help you file claims. A nice benefit of getting online price quotes is that you can obtain cheaper rates and still choose a local agent. And buying from neighborhood agents is important especially in Newark.
After completing this quick form, the coverage information is submitted to insurance agents in Newark who will give you bids for your insurance coverage. You don’t have to visit any agencies because quoted prices will be sent directly to you. If you have a need to quote rates for a specific company, feel free to find their quoting web page and give them your coverage information.
If you are searching for local Newark agents, it can be helpful to understand the different types of agents that you can select. Auto insurance agencies can be classified as either independent or exclusive. Both can insure your vehicles, but it is important to understand the differences because it may have an impact on the selection process.
Independent Agents (or Brokers)
These type of agents are not restricted to one company and that gives them the ability to insure with an assortment of companies and potentially find a lower price. If you are not satisfied with one company, they can switch companies in-house and you can keep the same agent.
If you need cheaper auto insurance rates, you absolutely need to include price quotes from at a minimum one independent agency in order to compare the most rates.
Featured below are independent agencies in Newark that may be able to give you pricing information.
568 Broadway # B – Newark, NJ 07104 – (973) 482-5898 – View Map
Exclusive Insurance Agents
Agents that choose to be exclusive can usually just insure with one company like Allstate, State Farm and Farm Bureau. These agents are not able to place coverage with different providers so keep that in mind. These agents are trained well on their products and sales techniques which helps them sell on service rather than price.
Below are Newark exclusive insurance agencies that can give you price quote information.
Finding a good insurance agency should depend on more than just a cheap quote. Here are some questions to ask:
- How often do they review coverages?
- Will they give you a referral list?
- What insurance company do they write the most business with?
- Do they offer accident forgiveness?
- Is there a Errors and Omissions policy in force?
- Who are their largest clients?
- Is their price quote a firm figure or are their hidden costs?
- Do they offer rental car reimbursement?
Ratings for New Jersey car insurance companies
Buying coverage from a highly-rated company can be a challenge considering how many companies are available to choose from in Newark. The company ratings below could help you choose which auto insurance companies to look at shopping prices with.
Top 10 Newark Car Insurance Companies Ranked by Value
- The Hartford
- Mercury Insurance
- Farmers Insurance
- Safeco Insurance
- AAA Insurance
- 21st Century
- State Farm
- American Family
Top 10 Newark Car Insurance Companies Ranked by Customer Satisfaction
- The Hartford – 93%
- Progressive – 90%
- 21st Century – 89%
- USAA – 87%
- Mercury Insurance – 87%
- State Farm – 87%
- Travelers – 87%
- Safeco Insurance – 86%
- AAA Insurance – 86%
- American Family – 85%
A little work can save a LOT of money
We’ve covered some good ideas how to shop for Kia Sedona insurance online. The most important thing to understand is the more companies you get prices for, the better your comparison will be. Consumers could even find that the lowest priced auto insurance comes from some of the smallest insurance companies. These companies may only write in your state and offer lower prices compared to the large companies like Allstate, GEICO and Progressive.
When getting Newark car insurance quotes online, it’s very important that you do not skimp on critical coverages to save a buck or two. There have been many cases where an accident victim reduced uninsured motorist or liability limits only to regret they didn’t have enough coverage. Your aim should be to buy a smart amount of coverage at the lowest possible cost and still be able to protect your assets.
Additional information can be found on the following sites:
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- Who Has Affordable Auto Insurance for Handicapped Drivers in Newark? (FAQ)
- Who Has the Cheapest Newark Auto Insurance for a GMC Sierra? (FAQ)
- How Much are Car Insurance Rates for Good Students in Newark? (FAQ)
- Who Has Cheap Auto Insurance Rates for Homeowners in Newark? (FAQ)
- Vehicle Insurance (Wikipedia)
- Speed and Speed Limit FAQ (iihs.org)
- Red Light Cameras (State Farm)
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)