The rate of acquiring car insurance in New Jersey can
vary greatly depending on the company and the coverage. For instance, auto
insurance for middle-aged couples will cost about $4,630, which is 79% lower.
Paying a premium on the most expensive insurance companies can take up to four
years which can incur some expenses. That is why we need to find cheap auto insurance companies in NJ.
Newark, New Jersey
Having the notoriety of being the most expensive city
for acquiring car insurance, it is only fitting to analyze if there are ways to
secure cheap car insurance in this city. The usual range of cheap auto insurance companies would be around $1,213-
$5,646. For the couple aged 60 and above, the premium amount would cost $1,800/year.
The price can be twice as high for those in their middle-age at $3,600/year. If
you are around 23 years old and still single, the amount can be about $3,192,
and the singles who are 35 years old and above have to pay at least $2,368 a
year.
The top three cheap auto insurance companies in this city would be Norfolk&Dedham,
Farmers and Skylands. Compared to the average mentioned above, these insurance
companies are 44% more affordable. For instance, the $3,192 for the 35 years
old will only cost them $1,291 if they opt for Norfolk&Dedham.
Jersey City
Dubbed as the 11 most expensive places to get car
insurance in New Jersey, the premiums you have to pay for your auto insurance
is 9% greater compared to the average. The insurance quotes from different cheap
auto insurance companies in NJ can significantly vary, from a
low price of $1,036 to a whopping $4,901. The disparity in the price range is
high, but by opting for a more reasonable insurance agency, you will be able to
save up to 43%. Similar to Newark City, the top three cheapest car insurance is
provided by Skylands, Farmers and Norfolk&Dedham. Farmer’s is offering a
married couple who operates two vehicles with a 58% discount which is the most
affordable insurance quote.
Paterson, New Jersey
Paterson, NJ, can be the third most expensive city to
acquire car insurance. But similar to other cities, we also have a
recommendation to keep the cost low. Norfolk&Dedham, Skylands and Farmers
are also the cheap auto insurance
companies that are offering the most reasonable quote. The most affordable
city to get car insurance would be Hillsborough; this area will charge you with
about $1,538. Bridgewater’s normal average, second to the most affordable,
would cost around $1,563.
15 Ways to Lower Your Car
Insurance
Your car insurance expenses
can cost you an arm and a leg. However, there are ways that you can do to lower
the price of your cheap Auto insurance significantly. Here are 15 ways to
reduce the cost of your premium.
15 Tips to Lower Your Car
Insurance
1.
Ask
You Agent-Directly ask your insurance agent about the factors that can bring
down the cost of your car insurance. There is a possibility that your agent
knows a thing or two about lowering the expenses of acquiring car insurance.
2.
Anti-Theft
Gadget-Any anti-theft gadget installed on your car can lower the cost of the
premiums. Before installing any anti-theft gadgets, be sure to ask the insurers
what type of devices will reduce the cost of insurance.
3.
Do
not opt for an unnecessary insurance policy. This is a risky move, especially
if you are running a newly-purchased vehicle, but it might be good to drop the
collision insurance if you are driving a used car. The amount of money that you
can get in case of collision depends on the amount of the vehicle; if the used
car costs $1,500 and the premium costs $800, opting for the collision coverage
may not make any sense.
4.
Place
You Live-When you are moving, the cost of your cheap auto insurance
tends to increase or decrease depending on your location.
5.
Credit
Rating- A good credit standing is also a great way to lower the cost of
insurance. Insurance companies believe that those with good credit standing tend
to become more careful than others.
6.
Increasing
the Deductibles-Deductible is the amount of cash you must lay out before the
insurer will act to cover the cost should an accident, theft, or any form of
damage occur. The higher the deductible amount, the lower the premium will be.
7.
Choosing
the Vehicle-Smaller cars reflects lower insurance costs; cheaper cars also come
with cheap auto insurance.
8.
Driving
Hours- When acquiring car insurance, you will be given a set of questionnaires.
One important question would be the hours that you spend driving. The longer
you drive, the higher the cost of insurance will be.
9.
Finding
Different Agency- It will not hurt you to find another insurer if your
insurance company increases its premium. It may be essential to ask for a quote
on different companies every two years.
10. Complete a defensive Course on Driving- Take a special
course in driving that focus more on the defensive factor. There are times that
the insurers are offering lower car insurance costs to those who completed this
course.
11. Clean Record- Those who have a clean record and do not
have any record of mishap have a higher probability of acquiring cheap auto
insurance.
12. Insuring Multiple Cars- The more cars you insure, the
lower the insurance cost.
13. The number of people that will drive the car-Another important
question that will be asked during your application for car insurance would be
the number of people driving the car. Those with a limited number of drivers
are likely to get cheaper insurance.
14. Cars For Work- People who use their vehicles for their
work have a higher insurance cost. If you want to lower the price, use it for
your social pleasure.
15. Internet Buying-Those who will buy cars over the
internet has an automatic 5% discount on cheap auto insurance.
There you have it, the top
ways to reduce the amount of your car insurance.
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