Save Money on Saab 9-5 Insurance in Jersey City

It’s a known fact that auto insurance companies don’t want you to compare rates. Consumers who compare rates annually will presumably buy a new policy because they stand a good chance of finding better rates. Remarkably, a study showed that consumers who compared prices regularly saved on average $860 a year compared to policyholders who never shopped for cheaper rates.

If finding the cheapest price on insurance is the reason you’re reading this, knowing the best way to quote and compare insurance premiums can make it easier for you to save money.

The recommended way to find cheaper quotes for Saab 9-5 insurance in Jersey City is to compare prices annually from providers that sell auto insurance in New Jersey. You can shop around by following these steps.

• Step 1: Learn about individual coverages and the measures you can take to lower rates. Many things that are responsible for high rates such as traffic citations, accidents, and a substandard credit history can be rectified by making lifestyle changes or driving safer. Read the full article for ideas to prevent high prices and get discounts that may be available to you.
• Step 2: Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from a single company like GEICO and State Farm, while independent agencies can quote prices for a wide range of insurance providers.
• Step 3: Compare the price quotes to your existing coverage to determine if you can save on 9-5 insurance. If you can save some money and make a switch, make sure coverage does not lapse between policies.
• Step 4: Notify your agent or company to cancel your current auto insurance policy. Submit a completed application and payment to your new carrier. Once received, place the new certificate verifying proof of insurance with the vehicle registration.

One thing to remember is to make sure you enter identical limits and deductibles on every quote request and and to get price quotes from as many different companies as possible. This enables a level playing field and a complete price analysis.

Buying the cheapest insurance in Jersey City is not that difficult as long as you know where to start. Practically every car owner who needs cheaper insurance most likely will be able to cut their insurance bill. Although New Jersey vehicle owners must comprehend the way companies determine how much to charge.

Cheaper Jersey City auto insurance quotes with discounts

Some companies don’t necessarily list every discount they offer in an easy-to-find place, so the below list has some of the more common and also the more inconspicuous credits that you can use to lower your rates.

• Paper-free Discount – Some companies provide a small discount for buying your policy online.
• Discount for Life Insurance – Auto insurance companies who offer life insurance give a discount if you purchase auto and life insurance together.
• Save with More Vehicles Insured – Drivers who insure multiple cars on a single policy qualifies for this discount.
• Federal Employees – Being employed by or retired from a federal job could provide a small rate reduction but check with your company.
• Claim Free – Good drivers with no accidents are rewarded with significantly better rates on Jersey City auto insurance quote as compared to drivers who are more careless.
• ABS Braking Discount – Vehicles with ABS braking systems or traction control have fewer accidents so companies give up to a 10% discount.
• Driver’s Ed – Cut your cost by having your teen driver complete a driver education course if offered at their school.
• Discount for New Cars – Buying a new car instead of a used 9-5 may earn a small discount because newer models are generally safer.
• Low Mileage Discounts – Driving fewer miles could earn discounted rates on garaged vehicles.
• Student Discounts – This discount could provide a savings of up to 20% or more. The good student discount can last well after school through age 25.

Don’t be shocked that some of the credits will not apply to all coverage premiums. Some only apply to the cost of specific coverages such as liability, collision or medical payments. Even though it may seem like having all the discounts means you get insurance for free, you’re out of luck.

The example below visualizes the comparison of Saab 9-5 car insurance rates with and without policy discounts. The rates are based on a male driver, no accidents or driving violations, New Jersey state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, homeowner, multi-car, claim-free, and safe-driver discounts applied.

Large auto insurance companies and a selection of discounts can be read below.

• State Farm may include discounts for Drive Safe & Save, passive restraint, safe vehicle, Steer Clear safe driver discount, and good student.
• Nationwide has savings for multi-policy, accident-free, easy pay, anti-theft, Farm Bureau membership, good student, and business or organization.
• GEICO offers premium reductions for daytime running lights, multi-policy, multi-vehicle, emergency military deployment, seat belt use, and five-year accident-free.
• AAA may have discounts that include multi-policy, AAA membership discount, good driver, education and occupation, good student, and pay-in-full.
• 21st Century may offer discounts for theft prevention, automatic seat belts, student driver, homeowners, and driver training.
• The Hartford includes discounts for anti-theft, good student, vehicle fuel type, defensive driver, bundle, driver training, and air bag.

When quoting, ask every company how you can save money. Some discounts might not be available to policyholders in Jersey City.

There are several ways to obtain and compare prices from car insurance companies in your area. The quickest method to find affordable Saab 9-5 insurance rates consists of obtaining rate quotes online.

Comparing free price quotes online is easy and it, makes it obsolete to make phone calls or go to all the different Jersey City insurance agencies. Buying insurance online can eliminate the need for a local agent unless you’re the type of person who wants the professional assistance that you can only get from talking to an agent. It is possible to get prices online and still use a local agent. When comparing car insurance rates, know that comparing more rates from different companies will improve the odds of getting more affordable rates.

The companies shown below provide free quotes in Jersey City, NJ. To buy the best cheap auto insurance in Jersey City, NJ, we recommend you click on several of them to get a more complete price comparison.

Rates and data analysis

The coverage information shown next outlines different coverage costs for Saab 9-5 models. Being more informed about how policy premiums are formulated can benefit drivers when making informed decisions when comparing rate quotes.

Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Prices do not factor in Jersey City location which can revise premiums significantly.

Higher deductibles save money

When buying insurance, a common question is where to set your physical damage deductibles. The premium rates below lay out the rate differences between low and high comp and collision deductibles. The first set of rates uses a $250 comprehensive and collision deductible and the second set of rates uses a $1,000 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Rates do not factor in zip code location which can increase or decrease insurance rates considerably.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs an average of $48 more each month or $576 annually averaged for all 9-5 models than choosing the higher $1,000 deductible. Because you would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have more than 16 months between claims, you would probably save some money if you decide on a higher deductible.

The illustration below demonstrates how choosing different deductibles and can change Saab 9-5 insurance prices for each different age group. The data assumes a single male driver, comprehensive and collision coverage, and no discounts are taken into consideration.

Insurance cost for men versus women in Jersey City

The diagram below compares Saab 9-5 insurance rates for male and female drivers. The data assumes no violations or claims, comprehensive and collision coverage, $100 deductibles, drivers are single, and no discounts are applied to the premium.

Should you buy full coverage?

The diagram below shows the difference between Saab 9-5 yearly insurance costs when comparing full coverage to liability only. Data assumes no claims or violations, $100 deductibles, drivers are not married, and no discounts are applied to the premium.

When to drop full coverage

There is no exact rule that works best for making the decision to drop comp and collision coverage, but there is a guideline you can use. If the annual cost of your full coverage insurance is 10% or more of replacement cost minus your deductible, then it might be time to buy liability only.

For example, let’s assume your Saab 9-5 book value is $3,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $2,000 after paying your deductible. If premiums are more than $200 annually to have full coverage, then it might be time to consider dropping full coverage.

There are a few situations where dropping full coverage is not advised. If you haven’t satisfied your loan, you have to keep full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not eliminate full coverage.

Do I need a local insurance agent?

Some people would rather buy from a local agent and doing so can bring peace of mind A nice benefit of price shopping on the web is that you can obtain cheap rate quotes and also buy local.

After completing this form (opens in new window), your coverage information is submitted to companies in Jersey City who will give you bids to get your business. You don’t have to contact an agency since price quotes are sent to you directly. You can find better rates AND an agent nearby. If you need to get a comparison quote from a specific insurance company, just visit that company’s website and fill out their quote form.

Choosing an insurance company requires you to look at more than just the quoted price. Any agent in Jersey City should have no problem answering these questions:

• Do they offer rental car reimbursement?
• Is coverage determined by price?
• Do they see any coverage gaps in your plan?
• What is the agency’s Better Business Bureau rating?
• How experienced are they in personal risk management?
• Do they get extra compensation for selling add-on coverages?

What type of Jersey City auto insurance agent is right for you?

If you are searching for a good Jersey City insurance agent, it’s important to understand the different types of agencies and how they work. Jersey City agents are considered either exclusive or independent (non-exclusive).

Exclusive Auto Insurance Agencies

Exclusive insurance agents can only write with one company and some examples include State Farm, AAA, and Liberty Mutual. They are unable to compare rates from other companies so if the price isn’t competitive there isn’t much they can do. Exclusive agents receive extensive training on their company’s products which helps them compete with independent agents.

Listed below is a short list of exclusive insurance agencies in Jersey City that can give you price quote information.

View more Jersey City agents

Independent Insurance Agents

These agents often have many company appointments so they can quote policies through many companies depending on which coverage is best. To move your coverage to a new company, your agent can switch companies and you can keep the same agent. When comparing rates, you will want to include multiple independent agents in order to have the best price comparison.

Listed below are independent agents in Jersey City who can help you get comparison quotes.

View more Jersey City agents

Car insurance in New Jersey serves several purposes

Despite the fact that car insurance is not cheap in Jersey City, buying car insurance is mandatory in New Jersey but it also protects more than you think.

• The majority of states have mandatory liability insurance requirements which means you are required to carry specific limits of liability insurance in order to drive the car. 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.
• If you have a loan on your Saab 9-5, more than likely the lender will force you to have insurance to guarantee loan repayment. If you default on your policy, the lender may have to buy a policy to insure your Saab at a much higher premium rate and force you to reimburse them much more than you were paying before.
• Car insurance protects both your Saab and your personal assets. It will also reimburse you for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit if you are sued as the result of your driving. If you have damage to your Saab as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of carrying enough insurance greatly outweigh the cost, especially with large liability claims. But the average driver in New Jersey overpays as much as $750 every year so smart consumers compare quotes at every policy renewal to help ensure money is not being wasted.

Auto insurance policy coverages for a Saab 9-5

Having a good grasp of your auto insurance policy aids in choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find typical coverages available from auto insurance companies.

Comprehensive coverages

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims like a broken windshield, damage from a tornado or hurricane and a tree branch falling on your vehicle. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Collision coverage protection

Collision coverage covers damage to your 9-5 caused by collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as driving through your garage door, hitting a mailbox, hitting a parking meter and colliding with another moving vehicle. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. You can also raise the deductible on your 9-5 to save money on collision insurance.

Liability

This coverage protects you from injuries or damage you cause to other’s property or people. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 15/30/5 that translate to $15,000 bodily injury coverage, a per accident bodily injury limit of $30,000, and property damage coverage for $5,000.

Liability coverage protects against claims such as bail bonds, medical expenses, repair costs for stationary objects and funeral expenses. How much liability should you purchase? That is a personal decision, but you should buy as high a limit as you can afford. New Jersey requires drivers to carry at least 15/30/5 but it’s recommended drivers buy higher limits.

The illustration below shows why the minimum limit may not be enough coverage.

Uninsured and underinsured coverage

This coverage provides protection from other motorists when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Saab 9-5.

Due to the fact that many New Jersey drivers only purchase the least amount of liability that is required (15/30/5 in New Jersey), their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for surgery, pain medications and ambulance fees. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

More comparisons equals affordable rates

Throughout this article, we presented a lot of techniques to find lower-cost Saab 9-5 insurance in Jersey City. It’s most important to understand that the more rate quotes you have, the higher the chance of saving money. You may even discover the lowest premium rates are with the smaller companies. Some small companies can often insure niche markets at a lower cost as compared to the big name companies such as Progressive and GEICO.

As you go through the steps to switch your coverage, don’t be tempted to buy less coverage just to save a little money. There have been many situations where drivers have reduced liability limits or collision coverage only to discover later that it was a big error on their part. The aim is to find the BEST coverage at an affordable rate, but do not skimp to save money.

To learn more, take a look at the articles below:

• State Car Insurance Guides (GEICO)
• Who Has the Cheapest Jersey City Car Insurance for a GMC Sierra? (FAQ)
• What Car Insurance is Cheapest for a Ford Edge in Jersey City? (FAQ)
• How Much are Car Insurance Rates for 17 Year Olds in Jersey City? (FAQ)
• Insurance losses by make and model (Insurance Institute for Highway Safety)
• Preventing Carjacking and Theft (Insurance Information Institute)
• Rental Reimbursement Coverage (Allstate)
• How to Avoid Common Accidents (State Farm)