Have you had enough of being strong-armed to pay high auto insurance rates every month? Your situation is no different than many other New Jersey drivers. Due to the fact that there are so many choices, it can be hard to locate the cheapest company.
Shopping for lower auto insurance rates can be exhausting if you aren’t aware of the easiest way. You could waste a few hours discussing policy coverages with agents in Somers Point, or you can utilize online quoting to accomplish the same thing much quicker.
Many insurance companies take part in a program where insurance shoppers submit one quote, and each company can provide price quotes determined by their information. This system prevents you from having to do form submissions for each company you want a rate for.
To compare pricing click here to start a free quote.
The only drawback to comparing rates this way is you can’t choose which providers to get pricing from. So if you want to select specific insurance companies for rate comparison, we have a listing of auto insurance companies in New Jersey. View list of New Jersey insurance companies.
You can use whichever method you prefer to find lower rates, just make darn sure you compare identical coverage data on every price quote you get. If you have higher or lower deductibles it will be impossible to determine the lowest rate in Somers Point.
Verify you’re applying every discount
Car insurance companies don’t list all available discounts in a way that’s easy to find, so the following list contains some of the more common and the more hidden discounts that you can inquire about if you . If you don’t get every credit available, you could be getting lower rates.
- Discounts for Federal Employees – Being employed by or retired from a federal job may reduce rates when you with select insurance companies.
- Anti-theft System – Cars that have factory anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
- Safe Driver Discount – Drivers who avoid accidents could pay up to 40% less than drivers with accidents.
- One Accident Forgiven – but some companies like Liberty Mutual, Allstate and State Farm permit an accident before your rates go up if you have no claims prior to being involved in the accident.
- Low Miles Discount – Maintaining low annual mileage could be rewarded with slightly better rates than normal.
- Senior Discount – Drivers that qualify as senior citizens may be able to get lower premium rates.
- Clubs and Organizations – Belonging to specific professional or occupational memberships or organizations could trigger savings when getting a .
You can save money using discounts, but some credits don’t apply to the overall cost of the policy. Most only cut individual premiums such as medical payments or collision. Despite the fact that it seems like having all the discounts means you get insurance for free, you won’t be that lucky.
A list of companies and the discounts they provide are outlined below.
- Travelers offers discounts for continuous insurance, multi-car, early quote, save driver, and home ownership.
- 21st Century policyholders can earn discounts including air bags, theft prevention, anti-lock brakes, student driver, driver training, teen driver, and 55 and older.
- State Farm may include discounts for driver’s education, Steer Clear safe driver discount, multiple autos, defensive driving training, and good driver.
- GEICO has savings for emergency military deployment, driver training, air bags, defensive driver, and seat belt use.
- SAFECO offers discounts including multi-car, anti-lock brakes, anti-theft, teen safety rewards, and drive less.
- AAA discounts include multi-policy, pay-in-full, good driver, AAA membership discount, good student, education and occupation, and anti-theft.
Before buying, ask all the companies which discounts you may be entitled to. Discounts may not apply in your area.
Learn about auto insurance coverages
Understanding the coverages of auto insurance can help you determine appropriate coverage and the correct deductibles and limits. Auto insurance terms can be confusing and nobody wants to actually read their policy. Shown next are typical coverages offered by auto insurance companies.
Uninsured or underinsured coverage
Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants and also any damage incurred to your vehicle.
Because many people only carry the minimum required liability limits (15/30/5), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently these coverages are identical to your policy’s liability coverage.
Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for claims like damage from a tornado or hurricane, a broken windshield and hitting a bird. The maximum payout your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Collision insurance pays for damage to your vehicle resulting from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.
Collision can pay for claims like sideswiping another vehicle, scraping a guard rail, backing into a parked car, colliding with a tree and rolling your car. This coverage can be expensive, so consider removing coverage from older vehicles. You can also bump up the deductible in order to get cheaper collision rates.
Liability coverage can cover damage that occurs to other people or property in an accident. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 25/50/25 which stand for $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Occasionally you may see a combined limit which limits claims to one amount without having the split limit caps.
Liability coverage protects against things like legal defense fees, pain and suffering, emergency aid and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but buy higher limits if possible. New Jersey state law requires minimum liability limits of 15,000/30,000/5,000 but drivers should carry more liability than the minimum.
Medical expense coverage
Coverage for medical payments and/or PIP provide coverage for expenses for things like doctor visits, chiropractic care, funeral costs, X-ray expenses and pain medications. The coverages can be utilized in addition to your health insurance plan or if there is no health insurance coverage. It covers all vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and may carry a deductible
Don’t give up on cheaper premiums
We covered some good ideas how you can lower your auto insurance prices. The most important thing to understand is the more providers you compare, the higher the chance of saving money. You may even discover the lowest prices come from a small mutual company. Regional companies can often provide lower rates in certain areas compared to the large companies like GEICO and State Farm.
When you , never buy less coverage just to save a little money. There have been many situations where an insured dropped collision coverage only to regret that a couple dollars of savings turned into a financial nightmare. Your aim should be to buy the best coverage you can find at the lowest possible cost and still be able to protect your assets.
More information about auto insurance
Additional auto insurance information is located on the . Click here for link. Consumers can learn about specific coverages, read enforcement actions against agents and companies, discover disciplinary actions, and file complaints about an insurance agent or broker.