It’s amazing but most drivers in New Jersey kept buying from the same company for over three years, and 38% of customers have never even compared rates from other companies. American drivers can cut their rates by roughly $860 a year by just shopping around, but they just feel it’s too hard to do a rate comparison.
If you want to save money, the best way to find affordable quotes for car insurance rates in Newark is to start comparing rates regularly from providers in New Jersey. Drivers can shop around by completing these steps.
- It will benefit you to learn about how your policy works and the things you can change to prevent expensive coverage. Many rating criteria that cause high rates like traffic tickets, fender benders, and a bad credit rating can be improved by making lifestyle changes or driving safer. Read the full article for more details to get cheaper rates and get discounts that may be available to you.
- Compare prices from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give prices from one company like Progressive or Farmers Insurance, while agents who are independent can provide prices from multiple insurance companies. Get quotes now
- Compare the price quotes to your current policy premium to see if switching to a new carrier will save money. If you find better rates and make a switch, make sure there is no lapse in coverage.
An important part of this process is to try to use similar limits and deductibles on each quote and to quote with as many companies as feasibly possible. Doing this helps ensure an apples-to-apples comparison and the best rate selection.
Most companies like State Farm, GEICO and Progressive allow you to get prices on the web. Getting online rates for Hyundai Accent insurance in Newark is pretty easy as you just enter the amount of coverage you want as requested by the quote form. Once you submit the form, their quoting system gets your driving and credit reports and quotes a price based on these factors.
Quoting online for Hyundai Accent insurance in Newark makes it easy to compare insurance prices and it’s necessary to perform this step in order to find the most affordable premium on insurance.
To quickly compare rates using this form now, compare rates now from the companies shown below. If you have coverage now, it’s recommended you replicate the insurance coverages identical to your current policy. Doing this guarantees you will be getting a price comparison based on similar coverages.
The companies shown below are ready to provide price comparisons in Newark, NJ. To buy cheap auto insurance in NJ, we suggest you visit as many as you can to get the best price comparison.
It may be expensive, but it’s not optional
Even though Newark Accent insurance rates can get expensive, buying insurance is required in New Jersey but it also protects you in many ways.
- Most states have mandatory insurance requirements which means state laws require specific minimum amounts of liability coverage in order to drive the car 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 bought your vehicle with a loan, almost all lenders will have a requirement that you have insurance to ensure the loan is repaid in case of a total loss. If you default on your policy, the lender may have to buy a policy to insure your Hyundai at a significantly higher premium and force you to pay a much higher amount than you were paying before.
- Insurance safeguards not only your Hyundai but also your financial assets. It will also pay for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage also covers legal expenses if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will cover the repair costs.
The benefits of carrying adequate insurance definitely exceed the price paid, especially for larger claims. But the average driver in New Jersey is overpaying over $750 every year so compare quotes from several companies every year to make sure the price is not too high.
Rates and information analytics
The premium table displayed next covers a range of policy rates for Hyundai Accent models. Having a better idea how auto insurance policy rates are figured can help drivers make informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $350 | $614 | $536 | $32 | $160 | $1,692 | $141 |
| Accent GS 2-Dr Hatchback | $410 | $746 | $536 | $32 | $160 | $1,884 | $157 |
| Accent GLS 4-Dr Sedan | $410 | $880 | $712 | $42 | $212 | $2,256 | $188 |
| Accent SE 2-Dr Hatchback | $472 | $1014 | $536 | $32 | $160 | $2,214 | $185 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Rates do not factor in Newark location which can lower or raise premium rates greatly.
Auto insurance deductibles
When comparing auto insurance rates, the most common question is how high should the deductibles for physical damage be. The rates below show the cost difference when you select higher and lower deductibles. The first rate table uses a $100 physical damage deductible and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $308 | $614 | $408 | $24 | $122 | $1,501 | $125 |
| Accent GS 2-Dr Hatchback | $360 | $746 | $408 | $24 | $122 | $1,685 | $140 |
| Accent GLS 4-Dr Sedan | $360 | $880 | $544 | $32 | $162 | $2,003 | $167 |
| Accent SE 2-Dr Hatchback | $414 | $1014 | $408 | $24 | $122 | $2,007 | $167 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $170 | $324 | $408 | $24 | $122 | $1,048 | $87 |
| Accent GS 2-Dr Hatchback | $200 | $394 | $408 | $24 | $122 | $1,148 | $96 |
| Accent GLS 4-Dr Sedan | $200 | $464 | $544 | $32 | $162 | $1,402 | $117 |
| Accent SE 2-Dr Hatchback | $230 | $534 | $408 | $24 | $122 | $1,318 | $110 |
| Get Your Own Custom Quote Go | |||||||
Prices 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, homeowner, multi-vehicle, and safe-driver. Premium amounts do not factor in Newark location which can affect premiums considerably.
We can estimate from the data above that using a $100 deductible costs an average of $47 more each month or $564 for a full year than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have at a minimum 19 months between claim filings, you would most likely save money going with the higher deductible.
The information below illustrates how choosing a deductible and can affect Hyundai Accent premium costs for each different age category. The costs are based on a married male driver, comprehensive and collision coverage, and no discounts are applied.
Auto insurance premiums based on gender
The chart below shows the difference between Hyundai Accent annual premium costs for male and female drivers. The premium estimates are based on a clean driving record, no claims, full coverage, $500 deductibles, single marital status, and no additional discounts are factored in.
Full coverage or liability only
The illustration below compares Hyundai Accent insurance prices with full coverage compared to only the New Jersey minimum liability coverage. The information is based on no violations or accidents, $250 deductibles, single status, and no other discounts are factored in.
When to stop paying for full coverage
There isn’t a steadfast formula to stop buying physical damage insurance, but there is a general guideline. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.
For example, let’s assume your Hyundai Accent replacement cost is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would receive is $8,000 after you pay the deductible. If you are paying over $800 a year to have full coverage, then you may want to consider only buying liability coverage.
There are some cases where only buying liability is not a good plan. If you haven’t paid off your loan, you have to carry full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not remove full coverage.
Discounts for cheap insurance quotes
Some companies do not advertise all discounts very well, so the list below contains a few of the more well known as well as the least known discounts that may be available.
- Early Payment Discounts – If you pay your bill all at once instead of making monthly payments you may reduce your total bill.
- Federal Government Employee – Simply working for the federal government could provide a small rate reduction depending on your insurance provider.
- College Student Discount – Children who are attending college and do not take a car to college could qualify for this discount.
- Discounts for Multiple Vehicles – Having primary and secondary vehicles with the same company can reduce rates for all insured vehicles.
- Life Insurance Discount – Companies who offer life insurance give a small discount if you purchase auto and life insurance together.
- Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to wear their seat belts can save 10% or more on medical payment and PIP coverage.
- Claim-Free Discount – Claim-free drivers pay much less as opposed to accident-prone drivers.
- Telematics Devices – Newark drivers who agree to allow driving data submission to analyze where and when they drive by using a telematics device in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system might see lower rates if they show good driving skills.
Drivers should understand that most credits do not apply to the entire policy premium. Most cut the price of certain insurance coverages like medical payments or collision. If you do the math and it seems like all the discounts add up to a free policy, it doesn’t quite work that way. Any qualifying discounts will bring down your policy premium.
The chart below shows the difference between Hyundai Accent insurance prices with and without discounts being applied to the rates. The prices are based on a male driver, no driving violations, no at-fault accidents, New Jersey state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, safe-driver, claim-free, homeowner, and marriage discounts applied.
Some of the insurance companies that may offer policyholders some of the discounts shown above include:
When getting free Newark auto insurance quotes, it’s a good idea to each company to apply every possible discount. Savings might not be offered in your state. To locate insurance companies who offer online Hyundai Accent insurance quotes in Newark, follow this link.
Insurance agents near you
A lot of people prefer to visit with an insurance agent and that can be a great decision Insurance agents will help you protect your assets and will help you if you have claims. One of the benefits of comparing rates online is the fact that drivers can get cheaper prices but also keep your business local.
For easy comparison, once you complete this simple form, the quote information is instantly submitted to companies in Newark who will give you quotes for your auto insurance coverage. There is no need to find an agent because quoted prices will be sent to you. If for some reason you want to get a rate quote from a specific company, feel free to visit that company’s website and submit a quote form there.
Selecting an company shouldn’t rely on just a cheap price. Before buying a policy in Newark, get answers to these questions.
- Where are claims handled?
- When do they do a full risk review?
- How many years of experience in personal auto insurance do they have?
- Are they actively involved in the community?
- Can you contact them at any time?
- What is the financial rating for the quoted company?
- Will they take your side in the event of a claim?
- What insurance company do they write the most business with?
What types of auto insurance agents are in Newark?
If you want to use a reputable agency, you need to know there are two different types of agents and how they can service your needs differently. Auto insurance policy providers are either exclusive or independent agents depending on their company appointments. Either one can write policy coverage, but it is a good idea to know how they differ because it can impact your selection of an agent.
Exclusive Auto Insurance Agencies
These type of agents can only provide pricing for a single company and some examples include Allstate and State Farm. Exclusive agents cannot provide rate quotes from other companies so you need to shop around if the rates are high. They receive extensive training on their company’s products which helps them sell on service rather than price. Consumers often choose to use a exclusive agent mainly due to the brand instead of buying on price only.
Below is a list of exclusive insurance agents in Newark that can give you comparison quotes.
- Farmers Insurance – Anthony Pugliese
41 Wilson Ave – Newark, NJ 07105 – (973) 732-2105 – View Map - State Farm: Greg Daniels
681 1/2 Mt Prospect Ave – Newark, NJ 07104 – (973) 484-5772 – View Map - State Farm Insurance
360 Chestnut St – Newark, NJ 07105 – (800) 701-5909 – View Map
Independent Auto Insurance Agencies
These agents do not write with just one company so they can write business with many different companies enabling the ability to shop coverage around. If you want to switch companies, an independent agent can move your coverage which makes it simple for you. If you are trying to find cheaper rates, it’s a good idea to include price quotes from at a minimum one independent agency to maximize your price options. Most have the option of insuring with different regional companies which can save you money.
Shown below are Newark independent insurance agents that are able to give price quote information.
- International Fidelity Insurance Co
1111 Raymond Blvd – Newark, NJ 07102 – (973) 624-7200 – View Map - Cheap Car Insurance Quotes Auto Newark NJ
268 W KINNEY ST – Newark, NJ 07103 – (888) 290-0635 – View Map - N J Insurance Underwriting
744 Broad St # 1100 – Newark, NJ 07102 – (973) 622-3838 – View Map
After getting reasonable responses to any questions you have and a low price estimate, you may have just found an insurance agent that will adequately provide auto insurance. But remember, policyholders can cancel coverage at any point so never assume that you’re stuck with a specific agent for any length of time.
Affordable coverage is out there
Low-cost Hyundai Accent insurance in Newark is available both online and with local Newark insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. There are still a few companies who may not provide online quoting and many times these smaller companies work with local independent agents.
As you shop your coverage around, you should never reduce coverage to reduce premium. Too many times, someone dropped full coverage and found out when filing a claim that the savings was not a smart move. The goal is to get the best coverage possible at the lowest possible cost, not the least amount of coverage.
Throughout this article, we presented many ideas to lower your Hyundai Accent insurance premium rates in Newark. It’s most important to understand that the more rate quotes you have, the better your chances of lowering your prices. You may even discover the lowest premium rates are with a smaller regional carrier.
For more information, feel free to browse these articles:
- What Does No-Fault Insurance Cover? (Allstate)
- What Car Insurance is Cheapest for Safe Drivers in Newark? (FAQ)
- What Insurance is Cheapest for Retired Military in Newark? (FAQ)
- Who Has Affordable Auto Insurance for State Employees in Newark? (FAQ)
- Winter Driving (Insurance Information Institute)
- Your Car has been Stolen: Now What? (Allstate)
- Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)