Best Ways to Save on Newark Toyota FJ Cruiser Insurance

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A recent insurance study revealed that over 70% of New Jersey drivers have been with the same company for four years or more, and about 40% of consumers have never compared rates from other carriers. With the average premium in America being $1,847, drivers could save $859 every year, but they don't believe the actual amount they would save if they swap their current policy for a cheaper one.

Insurance for Toyota FJ CruiserThe most effective way to get more affordable car insurance rates in Newark is to compare prices at least once a year from companies who provide car insurance in New Jersey.

  1. Try to comprehend how companies price auto insurance and the changes you can make to drop your rates. Many factors that result in higher prices like careless driving and a poor credit score can be controlled by making minor driving habit or lifestyle changes. Keep reading for tips to help reduce premium rates and get bigger discounts that may have been overlooked.
  2. Compare price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like Progressive and State Farm, while agents who are independent can provide price quotes for a wide range of companies.
  3. Compare the new quotes to your current policy to see if switching to a new carrier will save money. If you find better rates and change companies, verify that coverage does not lapse between policies.
  4. Provide notification to your current company of your decision to cancel your existing policy and submit the required down payment along with the signed application for the new coverage. Immediately place the new proof of insurance paperwork in your vehicle's glove compartment or console.

One piece of advice is that you use similar coverage information on every quote request and and to get rate quotes from as many companies as you can. This ensures the most accurate price comparison and a better comparison of the market.

Locating the most cost-effective insurance policy in Newark is actually not that difficult if you follow our advice. If you have a policy now, you will be able to find better prices using the ideas you're about to read. Comparison shoppers just need to learn the fastest way to compare prices from many different companies.

How to shop Toyota FJ Cruiser insurance online

Getting a cheaper price on Toyota FJ Cruiser insurance is actually quite simple. All you need to do is invest a little time comparing price quotes from different insurance companies.

It's so fast and easy to compare rates online that it replaces the need to waste gas driving to different Newark agent offices. Shopping for auto insurance online has reduced the need for local agents unless you have a need for the professional assistance that only a licensed agent can provide. However, consumers can compare online quotes but purchase the actual policy in an agency.

The auto insurance companies shown below have been selected to offer quotes in New Jersey. If you want to find cheap auto insurance in Newark, we recommend you visit as many as you can to get a more complete price comparison.

Analysis of Toyota FJ Cruiser rates

The data table displayed below outlines detailed analysis of policy rates for Toyota FJ Cruiser models. Knowing how premiums are figured can be useful when making smart choices when selecting a coverage provider.

Toyota FJ Cruiser Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
FJ Cruiser 2WD $328 $468 $624 $36 $188 $1,644 $137
FJ Cruiser 4WD $364 $468 $624 $36 $188 $1,680 $140
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Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Price information does not factor in garaging location in Newark which can influence premiums considerably.

Physical damage deductibles

A question often asked by Newark drivers is at what level do you set your deductibles. The data tables below can help show the differences in premium rates between high and low physical damage deductibles. The first rate quote example uses a $250 deductible for comp and collision and the second price chart uses a $1,000 deductible.

Toyota FJ Cruiser insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
FJ Cruiser 2WD $420 $514 $480 $28 $144 $1,611 $134
FJ Cruiser 4WD $466 $514 $480 $28 $144 $1,657 $138
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Toyota FJ Cruiser insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
FJ Cruiser 2WD $258 $324 $480 $28 $144 $1,234 $103
FJ Cruiser 4WD $288 $324 $480 $28 $144 $1,264 $105
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Data based on 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, safe-driver, multi-vehicle, and homeowner. Rate quotes do not factor in specific zip code location which can impact auto insurance rates noticeably.

Based on this data, we can arrive at the conclusion that using a $250 deductible would cost the average driver about $32 more each month or $384 annually averaged for all FJ Cruiser models than requesting the higher $1,000 deductible. Since you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you average more than 23 months between claim filings, you would more than likely save some money by selecting a higher deductible. Here's a better example of how you can perform this determination yourself.

Average monthly premium for $250 deductibles: $136
Average monthly premium for $1,000 deductibles (subtract): - $104
Monthly savings from raising deductible: $32
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $32
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

The illustration below shows how choosing a deductible and can change Toyota FJ Cruiser annual premium costs for each age group. The premium estimates are based on a married female driver, comp and collision included, and no discounts are taken into consideration.

Impact of citations and accidents on Newark insurance rates

The example below demonstrates how traffic citations and at-fault claims can raise Toyota FJ Cruiser insurance rates for different age groups. The rate quotes are based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied.

Auto insurance premiums based on gender

The chart below visualizes the comparison of Toyota FJ Cruiser insurance premiums for male and female drivers. The premiums assume no claims or driving violations, full coverage, $250 deductibles, single status, and no discounts are applied to the premium.

Should you buy full coverage?

The information below compares Toyota FJ Cruiser car insurance rates with full physical damage coverage compared to only buying liability only. The costs are based on no accidents, no driving violations, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.

Should you buy full coverage or liability only?

There isn't a steadfast formula for excluding full coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is 10% or more of replacement cost minus your deductible, then you may want to consider only buying liability coverage.

For example, let's say your Toyota FJ Cruiser book value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $2,000 after paying your policy deductible. If you are paying over $200 annually for full coverage, then it could be time to drop full coverage.

There are some cases where removing full coverage is not advised. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.

Best reasons to buy car insurance in New Jersey

Despite the high cost of buying insurance for a Toyota FJ Cruiser in Newark, car insurance is mandatory in New Jersey but it also protects more than you think.

First, the majority of states have mandatory liability insurance requirements which means you are required to carry specific limits of liability protection 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.

Second, if you bought your car with a loan, it's most likely the lender will require you to buy full coverage to guarantee their interest in the vehicle. If the policy lapses, the lender will be forced to insure your Toyota at a much higher premium rate and make you pay for the expensive policy.

Third, insurance safeguards both your Toyota and your assets. It will also cover most medical and hospital costs for you, your passengers, and anyone else injured in an accident. Liability insurance will also pay to defend you if you are sued as the result of an accident. If mother nature or an accident damages your car, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of carrying adequate insurance are definitely more than the cost, specifically if you ever have a liability claim. The average driver in New Jersey overpays as much as $700 annually so it's important to compare rates at every policy renewal to save money.

Auto insurance discounts are available to cut your rates

Some providers don't always publicize every available discount in a way that's easy to find, so here is a list both the well known in addition to some of the lesser obvious ways to save on auto insurance.Auto insurance discounts

  • Multi-car Discount - Buying a policy with multiple cars on one policy could earn a price break for each car.
  • Waiver for an Accident - This one is not really a discount per se, but a handful of insurance companies may permit one accident before hitting you with a surcharge with the catch being you have to be claim-free prior to being involved in the accident.
  • Passive Restraint Discount - Factory options such as air bags may qualify for discounts of up to 25% or more.
  • Newark Homeowners Discount - Just owning your own home can get you a discount because owning a home is proof of financial responsibility.
  • Pay Now and Pay Less - If paying your policy premium upfront rather than spreading payments over time you can avoid monthly service charges.
  • Paperwork-free - A few larger online companies will give you a small discount for buying a policy and signing up online.
  • Student in College - Any of your kids who are enrolled in a college that is more than 100 miles from Newark and do not have a car can be insured at a reduced rate.
  • Theft Prevention System - Cars, trucks, and SUVs equipped with anti-theft or alarm systems can help prevent theft and qualify for as much as a 10% discount.
  • Driver's Education for Students - Cut your cost by having your teen driver take driver's ed class as it can save substantially.

As a footnote on discounts, most credits do not apply to all coverage premiums. Most cut the price of certain insurance coverages like comprehensive or collision. Despite the fact that it seems like all the discounts add up to a free policy, company stockholders wouldn't be very happy. But all discounts should definitely cut your overall bill.

The information below illustrates the difference between Toyota FJ Cruiser yearly insurance costs with and without discounts applied to the policy premium. The costs are based on a female driver, no claims or driving violations, New Jersey state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, claim-free, multi-policy, multi-car, and homeowner discounts applied.

Some of the insurance companies that have many of the previously listed discounts possibly include:

If you want inexpensive Newark car insurance quotes, ask each company which discounts they offer. Some credits may not apply to policies everywhere. To find insurance companies that can offer you the previously mentioned discounts in New Jersey, click this link.

Local Newark car insurance agents and car insurance

Some consumers would prefer to talk to a local agent and often times that is recommended Professional insurance agents are trained risk managers and help you file claims. A good thing about comparing car insurance online is you can get better rates but still work with a licensed agent.

Insurance agency in NewarkBy using this form (opens in new window), your insurance data is emailed to companies in Newark that provide free Newark car insurance quotes for your insurance coverage. There is no need to find an agent on your own since rate quotes are delivered to you directly. If you wish to get a rate quote from a particular provider, you can always find their quoting web page and submit a quote form there.

Picking an insurance company should depend on more than just a cheap price. Agents should be asked these questions:

  • Are there any hidden costs in their price quote and does it include driving and credit history?
  • Will the quote change when the policy is issued?
  • Do they have designations such as AIC, CPCU, or CIC?
  • How long have they been in business?
  • How would your car be valued if totaled?

If you are wanting to purchase car insurance from a reliable insurance agency, there are a couple of different types of agents and how they are slightly different. Agents in Newark are classified as either independent or exclusive depending on the company they work for. Either can write policy coverage, but it is a good idea to know the differences since it can impact which agent you choose.

Exclusive Agencies

Exclusive agencies are contracted to one company like American Family, State Farm, and AAA. They are unable to provide prices from multiple companies so they have to upsell other benefits. They receive extensive training on sales techniques which helps them compete with independent agents.

Below are exclusive insurance agents in Newark that are able to give rate quotes.


681 1/2 Mt Prospect Ave - Newark, NJ 07104 - (973) 484-5772 - View Map


570 Broad St #114 - Newark, NJ 07102 - (973) 648-0699 - View Map


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

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Independent Agencies or Brokers

These type of agents are not employed by one company so they can insure your vehicles with many different companies and find the cheapest rate. If you are not satisfied with one company, they simply move your policy to a different company and you don't have to switch agencies. When comparing rates, you will definitely want to include a few independent agents to ensure the widest selection of prices.

Below is a list of independent insurance agents in Newark who can help you get price quote information.

Cheap Car Insurance Quotes Auto Newark NJ
268 W KINNEY ST - Newark, NJ 07103 - (888) 290-0635 - View Map


275 Chestnut St - Newark, NJ 07105 - (866) 497-1001 - View Map

Dependable Insurance Agency Inc
1030 S Orange Ave - Newark, NJ 07106 - (973) 372-0002 - View Map

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Best car insurance company in Newark

Choosing a highly-rated insurance provider is difficult considering how many companies provide coverage in Newark. The ranking data in the lists below can help you pick which coverage providers you want to consider when comparing rate quotes.

Top 10 Newark Car Insurance Companies Ranked by Claims Service

  1. Progressive
  2. USAA
  3. Liberty Mutual
  4. GEICO
  5. State Farm
  6. Nationwide
  7. Allstate
  8. 21st Century
  9. The Hartford
  10. Farmers Insurance

What insurance coverages do I need?

Keep in mind that when it comes to choosing your policy for your personal vehicles, there really isn't a perfect coverage plan. Your situation is unique and a cookie cutter policy won't apply.Higher deductibles save money For example, these questions may help highlight whether you may require specific advice.

  • Are rental cars covered under my policy?
  • What happens if I owe more than my Toyota FJ Cruiser is worth?
  • Does my insurance cover my expensive audio equipment?
  • Does my Toyota FJ Cruiser qualify for pleasure use?
  • What are the liability requirements in my state?
  • Are my friends covered when driving my Toyota FJ Cruiser?
  • Is extra glass coverage worth it?

If you don't know the answers to these questions but a few of them apply then you might want to talk to an agent. To find an agent in your area, take a second and complete this form or click here for a list of car insurance companies in your area. It is quick, free and may give you better protection.

Car insurance coverages for a Toyota FJ Cruiser

Learning about specific coverages of a auto insurance policy helps when choosing the right coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Below you'll find the normal coverages available from auto insurance companies.

Liability car insurance - Liability coverage can cover damage that occurs to other people or property. It protects you from claims by other people. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 15/30/5 that translate to $15,000 bodily injury coverage, a per accident bodily injury limit of $30,000, and $5,000 of coverage for damaged property.

Liability can pay for claims such as attorney fees, repair bills for other people's vehicles, funeral expenses, pain and suffering and bail bonds. How much coverage you buy is a decision to put some thought into, but consider buying higher limits if possible. New Jersey state law requires minimum liability limits of 15/30/5 but you should think about purchasing more liability than the minimum.

The next chart demonstrates why buying minimum limits may not be enough.

Uninsured Motorist or Underinsured Motorist insurance - This coverage protects you and your vehicle's occupants from other motorists when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries and damage to your Toyota FJ Cruiser.

Because many people only purchase the least amount of liability that is required (15/30/5 in New Jersey), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.

Comprehensive coverage (or Other than Collision) - Comprehensive insurance covers 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 things such as hail damage, damage from a tornado or hurricane, damage from getting keyed, hitting a deer and fire damage. The maximum payout a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much it's probably time to drop comprehensive insurance.

Insurance for medical payments - Med pay and PIP coverage reimburse you for expenses such as surgery, dental work, chiropractic care, hospital visits and ambulance fees. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Collision coverage - This pays for damage to your FJ Cruiser caused by collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like damaging your car on a curb, crashing into a building, sustaining damage from a pot hole, driving through your garage door and hitting a mailbox. This coverage can be expensive, so consider dropping it from older vehicles. Another option is to bump up the deductible on your FJ Cruiser in order to get cheaper collision rates.

Don't give up on affordable coverage

Affordable Toyota FJ Cruiser insurance in Newark is attainable online and with local Newark insurance agents, so you need to shop Newark car insurance with both to have the best selection. Some companies may not have online quoting and usually these small insurance companies only sell coverage through local independent agencies.

When shopping online for car insurance, don't be tempted to buy less coverage just to save a little money. There are a lot of situations where an insured dropped collision coverage and discovered at claim time that the small savings ended up costing them much more. The ultimate goal is to buy enough coverage at the best cost while still protecting your assets.

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