It takes a little time, but the best way to get more affordable car insurance rates in Newark is to annually compare prices from insurers that insure vehicles in New Jersey.
- First, learn about coverages and the modifications you can make to prevent expensive coverage. Many rating criteria that drive up the price such as accidents, careless driving, and bad credit can be eliminated by making minor changes to your lifestyle.
- Second, compare prices from direct, independent, and exclusive agents. Direct and exclusive agents can provide rates from a single company like GEICO and Allstate, while independent agents can quote rates from multiple sources. Find a Newark insurance agent
- Third, compare the price quotes to the premium of your current policy and determine if there is any savings. If you find better rates and switch companies, make sure there is no lapse in coverage.
- Fourth, provide adequate notice to your current company of your intent to cancel the current policy. Submit the completed application along with a down payment to your new company or agent. Once coverage is bound, keep your new certificate of insurance in an easily accessible location in your vehicle.
One thing to point out is to make sure you’re comparing the same physical damage deductibles and liability limits on each quote request and and to get prices from as many companies as feasibly possible. Doing this helps ensure an apples-to-apples comparison and the best price selection.
Anyone knows that auto insurance companies want to keep you from shopping around. People who shop around for cheaper rates will presumably switch companies because there is a great chance of finding a more affordable policy premium. A recent survey found that people who routinely shopped for cheaper coverage saved about $70 a month as compared to drivers who never shopped around for better prices.
If finding discount rates on Audi A8 insurance is your ultimate objective, learning how to get rate quotes and compare insurance premiums can make the process less intimidating.
How to buy Newark Audi A8 insurance online
Most companies such as Allstate, GEICO and Progressive give insurance quotes on the web. This process is easy for anyone as you just enter the coverages you want on the page. Once entered, the quote system requests reports for credit and driving violations and gives you a price quote determined by many factors.
Using the web to get rates for Audi A8 insurance in Newark simplifies rate comparisons, and it’s very important to get many rate quotes if you are searching for the cheapest price on insurance.
To quickly use this form to compare rates, consider comparing rates from the companies shown below. If you currently have coverage, we recommend you copy your coverages identical to your current policy. Doing this guarantees you will have a rate comparison for similar insurance coverage.
The following companies provide comparison quotes in New Jersey. To locate cheap car insurance in New Jersey, we recommend you visit as many as you can in order to find the lowest rates.
Insurance is not optional
Even though it can be expensive, insurance is most likely required but also gives you several important benefits.
- Just about all states have mandatory insurance requirements which means state laws require specific limits of liability insurance if you want to drive legally. 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.
- If you took out a loan on your Audi A8, more than likely the lender will force you to have full coverage to guarantee their interest in the vehicle. If you default on your policy, the lender may insure your Audi at a much higher rate and force you to pay for the much more expensive policy.
- Insurance protects not only your car but also your financial assets. It will also cover many types of medical costs that are the result of an accident. Liability coverage, the one required by state law, also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If you have damage to your Audi as the result of the weather or an accident, your insurance policy will pay to repair the damage.
The benefits of having insurance outweigh the cost, especially if you ever need it. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $810 a year so shop around every year to make sure the price is not too high.
Premium rates and analysis
The data table below covers estimates of policy rates for Audi A8 models. Having a good understanding how car insurance premiums are determined can assist in making decisions on the best policy to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| A8 4.2 Quattro 4-Dr Sedan | $602 | $1446 | $624 | $36 | $188 | $2,896 | $241 |
| A8 4.2L Quattro 4-Dr Sedan | $652 | $1596 | $624 | $36 | $188 | $3,096 | $258 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Premium amounts do not factor in your specific Newark location which can lower or raise price quotes greatly.
Physical damage deductibles: Should you raise them?
One frequently asked question is how high should your deductibles be. The following tables may help you to understand the price difference when you buy lower versus higher deductibles. The first pricing table uses a $100 deductible for comp and collision and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| A8 4.2 Quattro 4-Dr Sedan | $626 | $1280 | $480 | $28 | $144 | $2,583 | $215 |
| A8 4.2L Quattro 4-Dr Sedan | $680 | $1412 | $480 | $28 | $144 | $2,769 | $231 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| A8 4.2 Quattro 4-Dr Sedan | $458 | $864 | $480 | $28 | $144 | $1,974 | $165 |
| A8 4.2L Quattro 4-Dr Sedan | $496 | $954 | $480 | $28 | $144 | $2,102 | $175 |
| Get Your Own Custom Quote Go | |||||||
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 homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Price estimates do not factor in vehicle garaging location which can raise or lower prices considerably.
Using the data above, we can ascertain that using a $100 deductible would cost the average driver about $53 more each month or $636 for a full year than quoting the higher $500 deductible. Since you would pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you usually have more than 8 months between claim filings, you would come out ahead if you decide on a higher deductible.
The example below shows how choosing a deductible and can change Audi A8 insurance rates for different ages of insureds. The rate quotes are based on a single female driver, full coverage, and no discounts are applied.
Should you buy full coverage?
The diagram below compares Audi A8 car insurance rates with and without full coverage. The premium estimates are based on no tickets, no at-fault accidents, $500 deductibles, drivers are not married, and no discounts are factored in.
Are you wasting money paying for full coverage?
There is no definitive rule to stop buying full coverage on your policy, but there is a guideline you can use. If the yearly cost of full coverage is more than around 10% of replacement cost minus your deductible, then it may be the right time to buy liability only.
For example, let’s pretend your Audi A8 book value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would receive is $3,000 after you pay the deductible. If premium cost is more than $300 annually for your policy with full coverage, then it could be time to drop full coverage.
There are a few situations where dropping physical damage coverage is not a good plan. If you still have a lienholder on your title, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not remove full coverage.
Get cheaper rates on Audi A8 insurance in Newark with these auto insurance discounts
Some companies don’t always publicize every discount available very clearly, so we break down some of the best known and also the more inconspicuous auto insurance savings.
- Discount for Swiching Early – Some companies provide a discount for renewing your policy before your current A8 insurance policy expires. You can save around 10% with this discount.
- Accident Free – Newark drivers who stay claim-free get the best auto insurance rates when compared with frequent claim filers.
- Discount for Good Grades – A discount for being a good student can save 20 to 25%. This discount can apply up until you turn 25.
- Multiple Cars – Drivers who insure multiple vehicles on a single policy qualifies for this discount.
- Drivers Ed for Students – Require your teen driver to take driver’s ed class as it can save substantially.
- Defensive Driving Course – Participating in a class that teaches driver safety techniques could possibly earn you a 5% discount if you qualify.
- Payment Discounts – By paying your entire bill at once instead of paying each month you may reduce your total bill.
- Theft Deterrent Discount – Cars equipped with anti-theft or alarm systems are stolen less frequently and that can save you a little bit as well.
- Accident Forgiveness Coverage – Not necessarily a discount, but a handful of insurance companies will forgive one accident before your rates go up so long as you are claim-free before the accident.
Keep in mind that most credits do not apply to the whole policy. Most only reduce individual premiums such as liability and collision coverage. So even though you would think you could get a free auto insurance policy, companies wouldn’t make money that way. Any qualifying discounts should help lower the cost of your policy.
The information below illustrates the comparison of Audi A8 insurance prices with and without discounts applied to the rates. The price estimates are based on a female driver, no claims, a clean driving record, New Jersey state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, marriage, claim-free, multi-car, and multi-policy discounts applied.
Large auto insurance companies and their offered discounts can be found below.
- State Farm has savings for Drive Safe & Save, safe vehicle, driver’s education, accident-free, good driver, and passive restraint.
- GEICO discounts include anti-lock brakes, multi-policy, membership and employees, defensive driver, and driver training.
- SAFECO has discounts for bundle discounts, multi-car, homeowner, teen safety rewards, teen safe driver, accident prevention training, and anti-theft.
- Farmers Insurance may offer discounts for good student, business and professional, pay in full, multi-car, and electronic funds transfer.
- AAA offers discounts for multi-car, pay-in-full, anti-theft, multi-policy, and good student.
- USAA may include discounts for military installation, defensive driver, new vehicle, vehicle storage, family discount, driver training, and annual mileage.
Check with each company which discounts they offer. Some of the earlier mentioned discounts may not apply to policies everywhere.
Buying car insurance from Newark car insurance agents
A lot of people just prefer to sit down with an agent and that is just fine! Good insurance agents are trained risk managers and help in the event of a claim. The best thing about comparing rates online is that drivers can save money and get better rates and still buy from a local agent.
Upon completion of this short form, your insurance data is immediately sent to companies in Newark that provide free Newark car insurance quotes and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to do any legwork due to the fact that quote results will go instantly to you. If you want to compare prices from one company in particular, you would need to visit that company’s website and fill out the quote form the provide.
Deciding on an provider should include more criteria than just a cheap quote. These are some valid questions you should ask.
- Does the quote include credit and driving reports?
- When do they do a full risk review?
- What are the financial ratings for the companies they represent?
- How much will you save each year by using a higher deductible?
- Where are claims handled?
- Are they primarily personal or commercial lines agents in Newark?
- Where would your vehicle be repaired?
- What is the agency’s Better Business Bureau rating?
If you are wanting to purchase car insurance from a reputable insurance agent or broker, you should know the different types of agencies that you can select. Newark agents can either be independent or exclusive. Both types can write car insurance policies, but it is important to understand how they differ since it may influence the selection process.
Exclusive Car Insurance Agencies
Exclusive insurance agents generally can only insure with one company such as American Family, State Farm, and Allstate. They usually cannot provide rate quotes from other companies so they are skilled at selling on more than just price. These agents are highly trained on sales techniques which helps offset the inability to provide other markets. Many people use the same exclusive agent mainly due to the prominence of the brand rather than low rates.
Listed below is a short list of exclusive agencies in Newark who can help you get comparison quotes.
- Farmers Insurance: Anthony Pugliese
217 Chestnut St – Newark, NJ 07105 – (973) 536-2060 – View Map - State Farm: Greg Daniels
681 1/2 Mt Prospect Ave – Newark, NJ 07104 – (973) 484-5772 – View Map - State Farm: Zanetta Glover
570 Broad St #114 – Newark, NJ 07102 – (973) 648-0699 – View Map
Independent Car Insurance Agencies
Agents that choose to be independent are not limited to a single company and that gives them the ability to insure with an assortment of companies and find the cheapest rate. If you want to switch companies, they simply move the coverage in-house and you don’t have to find a new agent.
When comparing car insurance prices, it’s recommended you contact a few independent agents so that you have a good selection of quotes to compare. Many write coverage with small mutual carriers which may have better rates.
The following are Newark independent agencies willing to provide price quote information.
- Dependable Insurance Agency Inc
1030 S Orange Ave – Newark, NJ 07106 – (973) 372-0002 – View Map - Collection Agency BandA
744 Broad St #1903 – Newark, NJ 07102 – (862) 218-0319 – View Map - International Fidelity Insurance Co
1111 Raymond Blvd – Newark, NJ 07102 – (973) 624-7200 – View Map
Car insurance can get complicated
When selecting the right insurance coverage, there really isn’t a best way to insure your cars. Every insured’s situation is different and your car insurance should be unique as well.
For instance, these questions can aid in determining if your insurance needs might need an agent’s assistance.
- Am I covered when renting a car or should I buy coverage from the car rental agency?
- Does my policy cover me when driving someone else’s vehicle?
- Will I be non-renewed for getting a DUI or other conviction?
- What is an umbrella policy?
- How much coverage applies to personal belongings?
- Do I have newly-acquired coverage?
If you don’t know the answers to these questions then you might want to talk to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.
Don’t give up on cheaper rates
In this article, we covered some good ideas how you can lower your Audi A8 insurance prices in Newark. The most important thing to understand is the more providers you compare, the better likelihood of getting affordable Audi A8 insurance quotes. You may even find the lowest prices are with the least-expected company. They may often insure only within specific states and give better rates compared to the large companies like State Farm or Progressive.
When trying to cut insurance costs, it’s not a good idea to sacrifice coverage to reduce premiums. There have been many situations where an insured cut full coverage to discover at claim time that saving that couple of dollars actually costed them tens of thousands. Your aim should be to purchase a proper amount of coverage at an affordable rate and still be able to protect your assets.
More information is located on the following sites:
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
- Who Has Cheap Auto Insurance Rates for Veterans in Newark? (FAQ)
- Who Has Affordable Newark Auto Insurance for Infrequent Drivers? (FAQ)
- Who Has the Cheapest Newark Auto Insurance for a GMC Sierra? (FAQ)
- What Auto Insurance is Cheapest for Used Cars in Newark? (FAQ)
- What Car Insurance is Cheapest for Safe Drivers in Newark? (FAQ)
- Auto Theft Statistics (Insurance Information Institute)
- Collision Insurance Coverage (Nationwide)
- Collision Coverage (Liberty Mutual)