Who Has Cheap Car Insurance Quotes for Good Drivers in New Jersey?

The words “bargain” and “insurance” really shouldn’t be used together, specifically when you are looking for the lowest insurance prices for good drivers. Because it’s so expensive, let’s open your eyes to some things that have an effect on car insurance prices, and find out if we can help you slash the price of your next policy.

For New Jersey drivers, one of the considerations that helps insurance companies calculate the annual cost of car insurance is where you keep your car in New Jersey. Areas that are more densely populated or have higher claim rates like East Orange, Paterson, and West New York tend to pay slightly more, whereas areas with fewer weather claims and lower vehicle theft rates tend to receive slightly lower rates.

The illustration below rates the highest-priced places in New Jersey for good drivers to purchase a policy in.

Premium costs are estimated as specific location information can influence coverage prices greatly.

We all have different tastes in cars, and the vehicle that is being insured is one of the largest considerations when quoting cheap car insurance for good drivers in New Jersey. Vehicles with lower acceleration and performance, excellent safety ratings, or low incidents of liability claims will cost substantially less to insure than higher performance models. The next lists estimates car insurance premiums for the more afforable vehicles to buy coverage for.

Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Price estimates do not factor in specific New Jersey garaging location which can affect prices considerably.

Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Rates do not factor in vehicle garaging location which can increase or decrease insurance rates noticeably.

Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Prices do not factor in New Jersey location which can modify prices noticeably.

The illustration below highlights how deductible selection can influence insurance rates when researching cheap insurance for good drivers. Data assumes a married male driver, comp and collision included, and no discounts are applied to the premium.

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The data above shows that a 30-year-old driver could save $372 a year by increasing from a $100 deductible to a $500 deductible, or save $562 by changing to a $1,000 deductible. Young drivers, like the age 20 example, could save as much as $1,114 every year by using higher deductibles when buying full coverage. When choosing a higher deductible, it is a good idea to have additional savings on hand to enable you to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Who has the cheapest insurance quotes for safe drivers?

Thanks to technology, there are a lot of ways to shop around for auto insurance in New Jersey, but the most frequently used are either through an independent or non-exclusive agent, a captive (or exclusive) agency like Allstate or State Farm, or direct online or over the phone from a company like Geico or Progressive. Each way has the same basic steps, but shoppers should understand the differences in how they price policies.

Independent agents have contracts with many companies and can compare rates with all of them. Agents of this type possess the freedom to quote rates with many companies, which can help you get more bang for your buck. If your agent finds better pricing, the agent simply finds a different carrier and the insured can keep the same agent.

An exclusive ageny is able to quote prices with just one company, two examples are an Allstate or Liberty Mutual agent. They usually cannot compare other company’s rates, so if finding the cheapest coverage is your goal, you will need to shop around.

Buying direct means you do not use an exlusive or independent agent and buy from a direct company like Progressive or Geico. This option can be good for consumers who do not need high amounts of coverage and know what specific coverages they need.

Which method works best to buy cheap car insurance for good drivers in New Jersey? It would be simple to say shopping direct saves the most money since that eliminates agent commissions, but unfortunately, that is not always true. It would also be easy to say buying from an independent agent is the best way to go since they can provide multiple quotes, but that assumption is also not accurate. In many circumstances, exclusive agencies have price quotes that are well below what direct and independents offer.

Since auto insurance prices vary so much, the only true way to ensure you are not overpaying is to get quotes and compare the rates. Set aside the time to get price quotes from all three to have a good selection of rates to choose from. For a list of companies with online discounts, click here to view.

How to find budget-friendly car insurance for good drivers

It is possible to find better rates, and here are some of the better money-saving ideas that can help New Jersey drivers find low-cost coverage.

• Drive vehicles with five-star safety ratings
• Increase physical damage deductibles
• Drivers with good credit often pay less
• Serious violations like DUI or reckless driving can increase rates dramatically
• At-fault accidents can raise rates significantly
• Compare rates and switch if you can find a better deal

That last tip is especially critical, as we emphasized in this article. Prices in New Jersey vary considerably, so don’t be hesitant to switch companies if a cheaper price is available.

Brand loyalty is not necessarily bad, but we do not recommend it if that dedication is costing hundreds every year. It only takes a couple minutes to compare rates and find cheaper car insurance for good drivers.