It’s an obvious assumption that insurance companies don’t want you to look for a cheaper policy. Insureds who compare rates once a year are very likely to switch car insurance companies because there is a significant possibility of finding a more affordable policy premium. A recent car insurance study discovered that drivers who compared rates annually saved as much as $850 each year compared to people who don’t make a habit of comparing rates.
If finding the lowest price for insurance in Jersey City is your ultimate target, then having a good understanding how to shop for car insurance can save time, money, and frustration.
The most effective way to get affordable BMW M2 insurance is to make a habit of comparing prices annually from providers who provide auto insurance in Jersey City. Price quotes can be compared by following these guidelines.
Step 1: Try to learn a little about how companies price auto insurance and the steps you can take to keep rates in check. Many rating factors that are responsible for high rates like high-risk driving behaviors and poor credit history can be improved by improving your driving habits or financial responsibility.
Step 2: Obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give rate quotes from a single company like GEICO and State Farm, while independent agencies can quote prices for a wide range of insurance providers. View prices
Step 3: Compare the quotes to your existing rates and determine if cheaper M2 coverage is available. If you find a better price and make a switch, make sure there is no lapse in coverage.
Step 4: Tell your current company to cancel your current policy. Submit the required down payment along with the signed application to the new company. Once the application is submitted, keep your new proof of insurance paperwork with your vehicle’s registration.
A key point to remember is to make sure you’re comparing identical limits and deductibles on every price quote and and to get price quotes from as many auto insurance providers as possible. This ensures a fair rate comparison and plenty of rates choose from.
Earn discounts on Jersey City insurance
The cost of insuring your cars can be expensive, but you might find some hidden discounts to reduce the price significantly. Larger premium reductions will be automatically applied when you get a quote, but once in a while a discount must be requested specifically before being credited.
- Low Mileage Discounts – Driving fewer miles can earn lower prices due to less chance of an accident.
- Active Military Service – Having an actively deployed family member may lower your rates slightly.
- Federal Employees – Active or retired federal employment may qualify for a discount when you quote Jersey City car insurance with select insurance companies.
- Discounts for Safe Drivers – Drivers without accidents may receive a discount up to 45% than drivers with accidents.
- No Claim Discounts – Drivers with accident-free driving histories get the best insurance rates in comparison with drivers who are more careless.
Drivers should understand that most of the big mark downs will not be given to all coverage premiums. The majority will only reduce individual premiums such as collision or personal injury protection. If you do the math and it seems like it’s possible to get free car insurance, company stockholders wouldn’t be very happy.
Companies and some of their more popular discounts can be found below.
- GEICO may have discounts that include seat belt use, military active duty, membership and employees, good student, five-year accident-free, air bags, and anti-lock brakes.
- Travelers policyholders can earn discounts including new car, good student, home ownership, continuous insurance, and multi-car.
- Farm Bureau may include discounts for youthful driver, good student, 55 and retired, multi-vehicle, multi-policy, and driver training.
- Liberty Mutual discounts include newly married, safety features, new move discount, new vehicle discount, newly retired, preferred payment discount, and exclusive group savings.
- American Family offers discounts for good student, early bird, air bags, good driver, Steer into Savings, and multi-vehicle.
- Progressive offers premium reductions for online signing, multi-policy, good student, homeowner, and multi-vehicle.
Before purchasing a policy, check with every prospective company how many discounts you can get. Depending on the company, some discounts might not apply in your state.
The are a couple different ways to get quotes from local Jersey City insurance companies. The easiest way by far to find the cheapest BMW M2 insurance rates is simply to get online rate quotes.
Doing price comparisons online is so simple that it makes it a waste of time to drive to local Jersey City insurance agencies. Comparing online rate quotes eliminates the middleman unless you prefer the extra assistance that can only be provided by a licensed insurance agent. If you prefer, some companies allow you to comparison shop your insurance online and have a local agent actually service the policy. When comparison shopping, obtaining a wide range of quotes helps increase your odds of locating more affordable rates.
The companies shown below can provide price comparisons in Jersey City, NJ. If multiple companies are listed, we recommend you compare several of them in order to get a fair rate comparison.
Exclusive and independent auto insurance agents
Some consumers still prefer to sit down with an agent and that is a personal choice. One of the benefits of comparing rates online is you may find the lowest rates and still buy from a local agent.
To make it easy to find an agent, after completing this short form, the quote information gets sent to participating agents in Jersey City who will gladly provide quotes for your auto insurance coverage. You don’t have to contact any agents due to the fact that quote results will go to your email. You can find better rates AND a local agent. If you have a need to get a rate quote from a specific auto insurance provider, don’t hesitate to find their quoting web page and give them your coverage information.
Choosing the best insurance company should include more criteria than just a cheap price quote. Here are some questions to ask:
- Do they get paid more for recommending certain coverages?
- Will high miles depreciate repair valuations?
- How many years have they been established?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Will you work with the agent or an assistant?
- If independent agents, which companies do they recommend?
Types of auto insurance agents in Jersey City
When narrowing the list to find a local insurance agency, there are a couple of types of insurance agents and how they operate. Agencies in Jersey City are classified as either independent or exclusive depending on the company they work for.
These agents generally can only insure with one company and examples are Allstate, State Farm and Farm Bureau. Exclusive agencies are unable to provide rate quotes from other companies so they have no alternatives for high prices. They are usually well trained on their company’s products which helps them sell insurance even at higher premiums.
Shown below is a short list of exclusive insurance agents in Jersey City that can give you price quote information.
Independent Auto Insurance Agents
Agents that elect to be independent do not have single company limitations so they can write business with an assortment of companies and get you the best rates possible. If premiums increase, they can switch companies in-house and you don’t have to do anything. If you are trying to find cheaper rates, we recommend you get quotes from a few independent agents to maximize your price options.
The following is a list of independent insurance agencies in Jersey City willing to provide price quotes.
45 Laidlaw Ave – Jersey City, NJ 07306 – (201) 659-6050 – View Map
Jersey City car insurance companies
Picking a good quality car insurance provider can be challenging considering how many different companies insure vehicles in New Jersey. The ranking data listed below can help you choose which auto insurers to look at shopping prices with.
Top 10 Jersey City Car Insurance Companies Overall
- Mercury Insurance
- The Hartford
- State Farm
- Farmers Insurance
- Safeco Insurance
- 21st Century
Quote more to save more
Lower-priced BMW M2 insurance in Jersey City is possible online in addition to many Jersey City insurance agents, and you should compare price quotes from both to get a complete price analysis. Some auto insurance companies do not provide rate quotes online and usually these smaller companies only sell through independent agencies.
As you restructure your insurance plan, it’s a bad idea to buy lower coverage limits just to save a few bucks. Too many times, consumers will sacrifice physical damage coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your goal should be to buy a smart amount of coverage at an affordable rate, but don’t skip important coverages to save money.
More information can be found below:
- Property Damage Coverage (Liberty Mutual)
- What Insurance is Cheapest for a Ford F-150 in Jersey City? (FAQ)
- Who Has Affordable Jersey City Auto Insurance for 16 Year Olds? (FAQ)
- Who Has Affordable Car Insurance Rates for Ride Shares in Jersey City? (FAQ)
- Who Has Affordable Jersey City Car Insurance Quotes for a Toyota Camry? (FAQ)
- Winter Driving (Insurance Information Institute)
- Help Your Teen Be a Better Driver (State Farm)
- Auto Insurance Facts and Statistics (Insurance Information Institute)
- Learn About Car Insurance (GEICO)