How to Save on Newark Ford Ranger Insurance

Discount Ford Ranger insuranceLooking for the cheapest Ford Ranger insurance in Newark? Overpriced car insurance in Newark can dwindle your budget and force you to make sacrifices.

It’s an obvious assumption that insurance companies want to prevent you from shopping around. People who shop around for cheaper rates will probably switch car insurance companies because they have good chances of finding better rates. A recent study showed that people who made a habit of comparing rate quotes saved about $72 a month as compared to drivers who don’t make a habit of comparing rates.

If finding the lowest price on auto insurance in Newark is your goal, learning the best way to quote and compare insurance premiums can help you succeed in finding affordable rates. There are many insurers to purchase coverage from, and although it’s nice to have a choice, having more auto insurance companies makes it harder to adequately compare rates for Ford Ranger insurance in Newark.

It is always a good idea to price shop coverage at least once a year because car insurance prices change quite often. Just because you found the best price on Ford Ranger insurance in Newark at your last renewal there may be better deals available now. Forget all the misinformation about car insurance because we’re going to show you the proper way to lower your annual insurance bill.

Quoting and comparing affordable car insurance policy in Newark is not that difficult. If you are already insured or are looking for a new policy, follow these tips to save money without reducing coverage. Drivers just need to learn how to compare company rates over the internet.

Cheaper rates on Ford Ranger insurance in Newark with these nine discounts

Some companies don’t list every possible discount very well, so the next list breaks down a few of the more well known as well as some of the hidden credits available to lower your premiums when you buy Newark car insurance online.

We need to note that many deductions do not apply to all coverage premiums. Some only reduce individual premiums such as collision or personal injury protection. Even though it appears all the discounts add up to a free policy, it doesn’t quite work that way.

The information below illustrates the difference between Ford Ranger insurance costs with and without discounts applied to the policy rates. The prices are based on a male driver, no tickets, no at-fault accidents, New Jersey state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, multi-policy, safe-driver, marriage, and claim-free discounts applied.

To see a list of providers who offer car insurance discounts in New Jersey, click this link.

Getting a cheaper price on insurance isn’t really that difficult. All you need to do is take a couple of minutes comparing free Newark car insurance quotes from some recommended companies.

Doing online rates comparisons is so easy that it takes the place of having to drive around to different Newark agent offices. Buying insurance online makes this process obsolete unless you have a need for the personal advice of a local Newark agent. It is possible with some companies price shop online but have a local agent actually write the policy.

The car insurance companies shown below provide quotes in New Jersey. If you wish to find the best cheap car insurance in Newark, it’s highly recommended you click on several of them to get the best price comparison.

Ford Ranger insurance rate analysis

The premium information shown next covers a range of insurance policy prices for Ford Ranger models. Having a better idea how auto insurance prices are formulated is important for you to make decisions on the best policy coverages.

Ford Ranger Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ranger XL 2WD $238 $504 $544 $32 $162 $1,480 $123
Ranger XL SuperCab 2WD $278 $504 $544 $32 $162 $1,520 $127
Ranger XLT 2WD $278 $504 $544 $32 $162 $1,520 $127
Ranger XL 2WD $278 $504 $544 $32 $162 $1,520 $127
Ranger XL SuperCab 4WD $278 $504 $544 $32 $162 $1,520 $127
Ranger XLT SuperCab 2WD $278 $614 $544 $32 $162 $1,630 $136
Ranger Sport SuperCab 2WD $278 $614 $544 $32 $162 $1,630 $136
Ranger Sport SuperCab 4WD $278 $614 $544 $32 $162 $1,630 $136
Ranger XLT SuperCab 4WD $278 $614 $544 $32 $162 $1,630 $136
Ranger Sport SuperCab 2WD $278 $614 $544 $32 $162 $1,630 $136
Ranger XLT SuperCab 2WD $278 $614 $544 $32 $162 $1,630 $136
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Table data does not factor in specific Newark garaging location which can impact premium rates noticeably.

Physical damage deductible comparison

The hardest decision when buying coverage is which comprehensive and collision deductibles to buy. The premium rates below may help you to understand the difference in cost when you choose different deductibles. The first data set uses a $100 physical damage deductible and the second price table uses a $1,000 deductible.

Ford Ranger insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ranger XL 2WD $308 $614 $480 $28 $144 $1,599 $133
Ranger XL SuperCab 2WD $360 $614 $480 $28 $144 $1,651 $138
Ranger XLT 2WD $360 $614 $480 $28 $144 $1,651 $138
Ranger XL 2WD $360 $614 $480 $28 $144 $1,651 $138
Ranger XL SuperCab 4WD $360 $614 $480 $28 $144 $1,651 $138
Ranger XLT SuperCab 2WD $360 $746 $480 $28 $144 $1,783 $149
Ranger Sport SuperCab 2WD $360 $746 $480 $28 $144 $1,783 $149
Ranger Sport SuperCab 4WD $360 $746 $480 $28 $144 $1,783 $149
Ranger XLT SuperCab 4WD $360 $746 $480 $28 $144 $1,783 $149
Ranger Sport SuperCab 2WD $360 $746 $480 $28 $144 $1,783 $149
Ranger XLT SuperCab 2WD $360 $746 $480 $28 $144 $1,783 $149
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Ford Ranger insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ranger XL 2WD $170 $324 $480 $28 $144 $1,146 $96
Ranger XL SuperCab 2WD $200 $324 $480 $28 $144 $1,176 $98
Ranger XLT 2WD $200 $324 $480 $28 $144 $1,176 $98
Ranger XL 2WD $200 $324 $480 $28 $144 $1,176 $98
Ranger XL SuperCab 4WD $200 $324 $480 $28 $144 $1,176 $98
Ranger XLT SuperCab 2WD $200 $394 $480 $28 $144 $1,246 $104
Ranger Sport SuperCab 2WD $200 $394 $480 $28 $144 $1,246 $104
Ranger Sport SuperCab 4WD $200 $394 $480 $28 $144 $1,246 $104
Ranger XLT SuperCab 4WD $200 $394 $480 $28 $144 $1,246 $104
Ranger Sport SuperCab 2WD $200 $394 $480 $28 $144 $1,246 $104
Ranger XLT SuperCab 2WD $200 $394 $480 $28 $144 $1,246 $104
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Premium amounts do not factor in vehicle location which can impact coverage prices greatly.

Using the premium rates above, we can conclude that using a $100 deductible would cost the average driver about $43 more each month or $516 each year than requesting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go more than 21 months between claim filings, you would save money if you opt for a higher deductible.

How to determine if higher deductibles are a good idea

Average monthly premium for $100 deductibles: $144
Average monthly premium for $1,000 deductibles (subtract): – $101
Monthly savings from raising deductible: $43
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $43
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

Impact of careless driving on Newark insurance rates

The diagram below demonstrates how citations and fender-benders raise Ford Ranger car insurance costs for different ages of insureds. The information is based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.

Comparison of insurance rates by gender

The diagram below illustrates the comparison of Ford Ranger yearly insurance costs for male and female drivers. The price estimates are based on no claims or violations, comprehensive and collision coverage, $500 deductibles, marital status is single, and no additional discounts are factored in.

Difference between liability only and full coverage rates

The diagram below shows the difference between Ford Ranger insurance costs when comparing full coverage to state minimum liability only. The data is based on no accidents, no driving violations, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.

When to stop buying physical damage coverage

There is no exact rule of when to exclude physical damage coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is more than about 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let’s say your Ford Ranger settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $2,000 after paying your deductible. If it’s costing you more than $200 annually for physical damage coverage, then you may want to consider only buying liability coverage.

There are a few cases where only buying liability is not advised. If you still have a lienholder on your title, you have to maintain full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not buy liability only.

When to talk to a local insurance agent

Certain consumers prefer to sit down with an agent and that is a personal choice. Professional agents can help you build your policy and help you file claims. A good thing about comparing insurance prices online is you can get lower rates and also buy local. And buying from local insurance agents is especially important in Newark.

By using this quick form, your information is immediately sent to local insurance agents in Newark that can give you free Newark car insurance quotes for your car insurance coverage. It’s much easier because you don’t need to drive around due to the fact that quote results will go to you directly. If you want to get a rate quote from one company in particular, just go to their quote page to submit a rate quote request.

If you are searching for a reliable insurance agent, it helps to know the two different types of agencies that differ in how they can insure your vehicles. Car insurance policy providers can be categorized as either independent (non-exclusive) or exclusive. Both properly insure your vehicles, but it’s important to point out why they differ because it can factor into buying decisions.

Independent Agents (or Brokers)

Agents that elect to be independent are appointed with more than one company so as a result can place your coverage through many companies enabling the ability to shop coverage around. If premiums increase, your agent can switch companies which makes it simple for you.

If you need cheaper car insurance rates, you will definitely want to check rates from a couple of independent agencies for maximum quote selection.

Listed below is a list of independent agencies in Newark that may be able to give you pricing information.

Ed Young Agency
942 S Orange AveNewark, NJ 07106(973) 375-0003View Map

46 Lyons AveNewark, NJ 07112(973) 926-6300View Map

Acosta Agency
568 Broadway # BNewark, NJ 07104(973) 482-5898View Map

More insurance agents

Exclusive Agents

Exclusive agencies can only provide one company’s prices and some examples include State Farm, Allstate and AAA. Exclusive agents cannot give you multiple price quotes so always compare other rates. Exclusive agents are usually well trained on the products they sell which helps offset the inability to provide other markets.

The following is a list of exclusive insurance agents in Newark willing to provide price quotes.

217 Chestnut StNewark, NJ 07105(973) 536-2060View Map

66 Wilson AveNewark, NJ 07105(973) 690-6400View Map

360 Chestnut StNewark, NJ 07105(800) 701-5909View Map

More insurance agents

Selecting a insurance agency requires you to look at more than just the quoted price. A good agent in Newark will have answers to these questions.

Protect your vehicle and other assets

Even though it’s not necessarily cheap to insure a Ford in Newark, insurance is required for several reasons.

The benefits of carrying enough insurance more than offset the price you pay, particularly if you ever have a claim. But the average American driver is wasting up to $810 a year so we recommend shopping around at every renewal to ensure rates are inline.

Car insurance coverages for a Ford Ranger

Learning about specific coverages of your auto insurance policy helps when choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. Shown next are typical coverage types found on the average auto insurance policy.

Insurance for medical payments – Med pay and PIP coverage pay for short-term medical expenses for things like chiropractic care, EMT expenses and prosthetic devices. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to both the driver and occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and may carry a deductible

Collision coverage – This covers damage to your Ranger resulting from a collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision insurance covers things such as crashing into a ditch, sideswiping another vehicle, scraping a guard rail, colliding with another moving vehicle and rolling your car. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible on your Ranger to save money on collision insurance.

Liability coverages – This coverage provides protection from damages or injuries you inflict on people or other property that is your fault. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 15/30/5 which means $15,000 in coverage for each person’s injuries, a total of $30,000 of bodily injury coverage per accident, and $5,000 of coverage for damaged property. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims such as medical services, funeral expenses, loss of income and repair bills for other people’s vehicles. How much liability should you purchase? That is a decision to put some thought into, but consider buying as large an amount as possible. New Jersey requires drivers to carry at least 15/30/5 but it’s recommended drivers buy higher limits.

The next chart shows why buying minimum limits may not be high enough to cover claims.

Uninsured Motorist or Underinsured Motorist insurance – This gives you protection when the “other guys” either have no liability insurance or not enough. Covered losses include injuries to you and your family as well as damage to your Ford Ranger.

Since many New Jersey drivers carry very low liability coverage limits (15/30/5 in New Jersey), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually the UM/UIM limits are set the same as your liability limits.

Comprehensive coverage (or Other than Collision) – This will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as a broken windshield, theft, hitting a bird, hail damage and hitting a deer. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Best car insurance company in New Jersey

Insuring your vehicle with a good quality car insurance provider can be difficult considering how many different companies there are to choose from in New Jersey. The ranking information shown below can help you pick which auto insurance companies to look at comparing rate quotes with.

Best Car Insurance Companies in New Jersey
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Mercury Insurance 87 96 100 87% A+ 93.4
The Hartford 88 96 91 93% A+ 92.6
Progressive 84 94 99 90% A+ 92.4
Travelers 84 93 100 87% A++ 92.3
State Farm 84 93 95 87% A++ 91
Farmers Insurance 87 92 90 85% A 90.6
Safeco Insurance 85 91 87 86% A 88.4
USAA 71 93 98 87% A++ 88
GEICO 73 93 95 85% A++ 87.1
21st Century 85 85 91 89% A 86.9
Liberty Mutual 72 91 97 83% A 86.4
AAA Insurance 85 85 88 86% A 85.8
Nationwide 71 90 93 83% A+ 84.9
Allstate 69 92 92 83% A+ 84.4
American Family 77 96 80 85% A 83.8
Esurance 70 80 89 77% A+ 79.2
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Data Source: Best Car Insurance Companies

Cheap auto insurance premiums are possible

Budget-conscious Ford Ranger insurance can be purchased on the web as well as from insurance agents, and you should compare rates from both in order to have the best price selection to choose from. Some companies may not provide online rate quotes and these small insurance companies sell through independent insurance agencies.

You just read many ideas to lower your Ford Ranger insurance premium rates in Newark. It’s most important to understand that the more providers you compare, the more likely it is that you will get a better rate. You may even find the best premium rates are with the smaller companies. Some small companies may have significantly lower prices on certain market segments than the large multi-state companies such as Allstate or State Farm.

As you go through the steps to switch your coverage, it’s not a good idea to reduce needed coverages to save money. There are a lot of situations where an accident victim reduced physical damage coverage only to regret that they should have had better coverage. The goal is to buy enough coverage for the lowest price.

How to find cheaper Ford Ranger insurance in Newark

The best way we recommend to find lower priced car insurance rates in Newark is to start comparing prices regularly from insurers in New Jersey.

  1. Try to understand individual coverages and the measures you can take to lower rates. Many rating criteria that drive up the price like accidents, traffic violations, and a poor credit rating can be improved by making lifestyle changes or driving safer.
  2. Request price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only provide price estimates from one company like Progressive or State Farm, while independent agents can provide price quotes from multiple companies. View prices
  3. Compare the new rates to your existing rates and see if there is a cheaper rate. If you find better rates and switch companies, make sure coverage does not lapse between policies.
  4. Tell your current company to cancel the current policy and submit any necessary down payment along with the completed application for the new coverage. Once the paperwork is finalized, keep the new proof of insurance paperwork above your visor, in the console, or in the glove compartment.

One thing to remember is to make sure you enter similar limits and deductibles on every quote request and and to get price quotes from as many car insurance companies as possible. Doing this guarantees the most accurate price comparison and a thorough price selection.

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