Volkswagen Jetta Insurance Quotes in Newark

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Insurance for Volkswagen JettaIf you want to save the most money, the best way to get more affordable car insurance rates in Newark is to do a yearly price comparison from providers who sell insurance in New Jersey. You can compare prices by following these steps.

  1. Spend a few minutes and learn about how car insurance works and the measures you can control to drop your rates. Many rating factors that drive up the price like tickets, at-fault accidents, and a not-so-good credit rating can be controlled by paying attention to minor details. Continue reading for additional ideas to get cheaper coverage and get additional discounts.
  2. Request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only provide price estimates from one company like Progressive or Farmers Insurance, while independent agencies can provide prices for many different companies.
  3. Compare the new rates to your existing policy to see if a cheaper price is available in Newark. If you find a lower rate quote, ensure coverage does not lapse between policies.
  4. Notify your company or agent to cancel your current car insurance policy. Submit the application along with any required down payment to your new agent or company. As soon as you can, put the certificate verifying coverage with your registration paperwork.

One key aspect when comparing rates is to compare similar coverage information on every price quote and and to get rate quotes from all possible companies. Doing this enables a level playing field and a good representation of prices.

It's easy to assume that insurance companies want to keep you from shopping around. Consumers who compare rates annually are inclined to buy a new policy because there is a good chance of finding better rates. A recent study showed that consumers who shopped around every year saved over $72 a month compared to people who don't regularly compare prices.

If finding the cheapest price for Volkswagen Jetta insurance is your ultimate objective, then having a grasp of how to shop and compare car insurance can make it easier for you to save money.

Cutting your Newark insurance rates is actually easier than you may think. The only requirement is to spend a few minutes on the computer to compare rates to find out which insurance company has affordable Newark car insurance quotes.

The following companies are ready to provide price quotes in Newark, NJ. If multiple companies are listed, it's a good idea that you get rates from several of them to get a more complete price comparison.

Coverage analysis

The premium table displayed below showcases detailed analysis of rate quotes for Volkswagen Jetta models. Having knowledge of how rate quotes are figured can assist in making smart buying decisions.

Volkswagen Jetta Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Jetta S 4-Dr Sedan $398 $844 $624 $36 $188 $2,090 $174
Jetta S 2.5 Station Wagon $398 $844 $532 $32 $158 $1,964 $164
Jetta LE 4-Dr Sedan $398 $844 $624 $36 $188 $2,090 $174
Jetta SE 4-Dr Sedan $448 $994 $624 $36 $188 $2,290 $191
Jetta SE 2.5 Station Wagon $448 $994 $532 $32 $158 $2,164 $180
Jetta 2.0T 4-Dr Sedan $448 $994 $624 $36 $188 $2,290 $191
Jetta SEL 4-Dr Sedan $448 $994 $624 $36 $188 $2,290 $191
Jetta 2.0T Station Wagon $448 $994 $532 $32 $158 $2,164 $180
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Data 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-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Rate quotes do not factor in garaging location in Newark which can influence auto insurance rates greatly.

Insurance deductibles

One common question asked by Newark drivers is how high should the physical damage deductibles be. The comparisons below illustrate the cost difference between low and high comp and collision deductibles. The first data table uses a $250 deductible for comp and collision and the second rate table uses a $1,000 deductible.

Volkswagen Jetta insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Jetta S 4-Dr Sedan $372 $626 $480 $28 $144 $1,675 $140
Jetta S 2.5 Station Wagon $372 $626 $408 $24 $122 $1,577 $131
Jetta LE 4-Dr Sedan $372 $626 $480 $28 $144 $1,675 $140
Jetta SE 4-Dr Sedan $420 $738 $480 $28 $144 $1,835 $153
Jetta SE 2.5 Station Wagon $420 $738 $408 $24 $122 $1,737 $145
Jetta 2.0T 4-Dr Sedan $420 $738 $480 $28 $144 $1,835 $153
Jetta SEL 4-Dr Sedan $420 $738 $480 $28 $144 $1,835 $153
Jetta 2.0T Station Wagon $420 $738 $408 $24 $122 $1,737 $145
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Volkswagen Jetta insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Jetta S 4-Dr Sedan $230 $394 $480 $28 $144 $1,276 $106
Jetta S 2.5 Station Wagon $230 $394 $408 $24 $122 $1,178 $98
Jetta LE 4-Dr Sedan $230 $394 $480 $28 $144 $1,276 $106
Jetta SE 4-Dr Sedan $258 $464 $480 $28 $144 $1,374 $115
Jetta SE 2.5 Station Wagon $258 $464 $408 $24 $122 $1,276 $106
Jetta 2.0T 4-Dr Sedan $258 $464 $480 $28 $144 $1,374 $115
Jetta SEL 4-Dr Sedan $258 $464 $480 $28 $144 $1,374 $115
Jetta 2.0T Station Wagon $258 $464 $408 $24 $122 $1,276 $106
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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 homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Rate information does not factor in specific location which can raise or lower auto insurance rates greatly.

Using the premium rates above, we can conclude that using a $250 deductible will cost you approximately $37 more each month or $444 every year than buying the higher $1,000 deductible. Since you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have at a minimum 20 months between claims, you would probably come out ahead by going with a higher deductible.

The chart below shows how choosing a deductible and can raise or lower Volkswagen Jetta insurance costs for each different age group. The costs are based on a married male driver, full coverage, and no policy discounts are applied.

Difference between liability only and full coverage rates

The illustration below illustrates the difference between Volkswagen Jetta yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in New Jersey. The rate quotes are based on no violations or accidents, $1,000 deductibles, drivers are single, and no discounts are applied.

Should you be buying full coverage?

There is no specific rule that is best for determining when to drop physical damage coverage, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.

For example, let's pretend your Volkswagen Jetta settlement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $2,000 after the deductible is paid. If you are paying over $200 annually for physical damage coverage, then you may need to consider dropping full coverage.

There are a few situations where dropping physical damage coverage is not recommended. If you still owe money on your vehicle, you have 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 drop full coverage.

Six Tips to Get More Affordable Newark Insurance Premiums

Lots of factors are taken into consideration when you get a price on insurance. Most are fairly basic such as your driving record, but other factors are not as apparent such as your marital status or how safe your car is. Smart consumers have a good feel for some of the things that help determine your policy premiums. When you understand what determines base rates, this allows you to make educated decisions that could result in lower rates.

  • Expect high rates for teens - Youthful drivers in New Jersey are proven to be inattentive and easily distracted in a vehicle so they pay higher auto insurance rates. Having to add a first-time driver to your policy can cause a big jump in price. Mature drivers are more responsible, cause fewer claims and accidents, and get fewer tickets.

    The data below is based on a single driver, full coverage with $250 deductibles, and no discounts or violations.

  • Liability coverage - The liability coverage on your policy will protect you when you are found liable for an accident. Liability insurance provides for a legal defense starting from day one. Liability insurance is pretty cheap compared to comp and collision, so do not skimp.
  • Do women or men drive better? - Over time, data shows that females take fewer risks when driving. However, don't assume that women are BETTER drivers than men. They both have fender benders at a similar rate, but guys have accidents that have higher claims. Men also statistically get ticketed for serious violations such as reckless driving. Male drivers age 16 to 19 generally have the highest accident percentage and therefore pay the highest rates.

    The chart below shows the difference between Volkswagen Jetta insurance premiums for male and female drivers. The premiums assume no claims or driving citations, full physical damage coverage, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.

  • Where you call home plays a part - Living in a rural area may provide you with better prices when trying to find low car insurance rates. Drivers in populated areas have more aggressive driving styles and a longer drive to work. Fewer drivers and short commutes corresponds to lower accident rates and also fewer theft and vandalism claims.
  • Getting married brings a discount - Walking down the aisle helps lower the price when shopping for auto insurance. Having a spouse demonstrates that you tend to be more mature and responsible and it's statistically proven that married drivers tend to file fewer claims.
  • Do you know you're credit score? - Having a bad credit history will be a significant factor in determining what you pay for auto insurance. Therefore, if your credit could use some work, you could be paying less to insure your Volkswagen Jetta if you clean up your credit. Drivers with good credit tend to be less risk to insure as compared to drivers with lower credit scores.
  • Insurance loss data for Volkswagen Jetta vehicles - Companies factor in insurance loss information to help set a rate to offset losses. Vehicles that the data determines to have higher claim amounts or frequency will have a higher premium rate. The next table illustrates the insurance loss data used by companies for Volkswagen Jetta vehicles.

    For each insurance policy coverage type, the statistical loss for all vehicles compiled together is a value of 100. Values that are below 100 suggest losses that are better than average, while values over 100 indicate higher probability of having a loss or statistically larger losses.

    Volkswagen Jetta Insurance Claim Statistics
    Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Volkswagen Jetta 110 118 93 113 123 127
    Volkswagen Jetta Hybrid 128 121 114 104

    Empty fields indicate not enough data collected
    Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Insurance is not optional in New Jersey

Even though it can be expensive, buying insurance may be required for several reasons.

First, almost all states have compulsory liability insurance requirements which means state laws require a minimum amount of liability protection in order to get the vehicle licensed. 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 your car has a loan, almost all lenders will stipulate that you have insurance to guarantee loan repayment. If you default on your policy, the bank may buy a policy for your Volkswagen at a much higher premium rate and require you to reimburse them for the much more expensive policy.

Third, insurance protects your Volkswagen Jetta and your assets. Insurance will pay for medical expenses for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance also covers legal expenses if someone files suit against you as the result of an accident. If your car is damaged in a storm or accident, comprehensive and/or collision insurance will cover the repair costs.

The benefits of buying enough insurance greatly outweigh the cost, especially with large liability claims. According to a recent study, the average American driver is overpaying more than $750 every year so it's important to compare rates every year to be sure current rates are still competitive.