Have you fallen victim to an expensive insurance policy? Trust us when we tell you there are many Jersey City consumers feeling the pinch from expensive insurance.
We don’t have to point out that fact that car insurance companies want to keep you from shopping around. People who compare price quotes will presumably switch companies because there is a great chance of finding better rates. A recent insurance study revealed that consumers who did price comparisons regularly saved about $860 a year compared to those who don’t make a habit of comparing rates.
If finding the best rates on Subaru BRZ insurance in Jersey City is your ultimate objective, then having a grasp of how to quote and compare coverage rates can help simplify the task of finding more affordable coverage.
Steps to buying lower priced Subaru BRZ insurance in Jersey City
If you want to save the most money, the best way to get affordable auto insurance rates in Jersey City is to compare quotes annually from providers who sell auto insurance in New Jersey.
- Step 1: Read and learn about what coverages are included in your policy and the measures you can control to prevent high rates. Many risk factors that are responsible for high rates such as accidents, careless driving, and poor credit rating can be controlled by being financially responsible and driving safely. Later in this article we will cover more ideas to keep prices down and find discounts that may have been missed.
- Step 2: Compare prices from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like Progressive and State Farm, while independent agents can provide price quotes from multiple companies. Get quotes now
- Step 3: Compare the quotes to your current policy premium and determine if there is any savings. If you can save some money, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Step 4: Tell your current agent or company to cancel your current car insurance policy and submit a down payment and signed policy application to your new company or agent. As soon as you receive it, place your new certificate of insurance in your glove compartment.
One key aspect when comparing rates is to try to compare the same physical damage deductibles and liability limits on each quote request and and to get rates from as many auto insurance providers as possible. Doing this helps ensure an accurate price comparison and a good representation of prices.
Insurance companies such as State Farm, Farmers Insurance, GEICO and Allstate persitently shower you with catchy ads and it can be hard to ignore the propaganda and take the time to shop coverage around.
If you have insurance now, you should be able to get lower rates using these methods. Finding the cheapest insurance coverage in Jersey City can initially seem challenging. But New Jersey vehicle owners do need to learn how the larger insurance companies charge you for coverage and use it to find better rates.
When shopping for affordable Jersey City auto insurance quotes, there are a couple of ways to compare rate quotes from different companies. The fastest way to find the lowest rates is to use the internet to compare rates.
Comparing free rate quotes online is easy and it, takes the place of having to actually drive to and from local Jersey City insurance agencies. Buying insurance online makes this unnecessary unless you want the personal advice of a local agency. It is possible with some companies price shop online but still have the advice of a local agent. When comparing car insurance rates, know that making a lot of price comparisons increases the chance that you will find a lower rate. Some insurance companies are not set up to provide Jersey City BRZ insurance quotes online, so it’s recommended that you also compare price estimates from the smaller companies as well.
The following companies are our best choices to provide price comparisons in Jersey City, NJ. If your goal is to find cheap car insurance in Jersey City, we recommend you get rate quotes from several of them to get the cheapest price.
Why you need insurance for your Subaru vehicle
Even though it’s not necessarily cheap to insure a Subaru in Jersey City, insurance serves several important purposes.
- Most states have compulsory liability insurance requirements which means the state requires a minimum amount of liability insurance coverage if you don’t want to risk a ticket. 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 vehicle, most banks will require that you have insurance to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the lender may insure your Subaru at a much higher premium rate and require you to fork over for the much more expensive policy.
- Car insurance protects both your vehicle and your assets. Insurance will also pay for all forms of medical expenses for not only you but also any passengers injured in an accident. As part of your policy, liability insurance will also pay for a defense attorney if you cause an accident and are sued. If you have damage to your Subaru as the result of the weather or an accident, comprehensive and/or collision insurance will pay to have it repaired.
The benefits of carrying enough insurance are without a doubt worth the cost, especially when you need to use it. According to a survey of 1,000 drivers, the average driver is overpaying over $800 each year so smart consumers compare quotes once a year at a minimum to make sure the price is not too high.
You are unique and your car insurance should be too
When selecting coverage online or from an agent, there really is no “best” method to buy coverage. Your financial needs are unique so your insurance should reflect that
These are some specific questions may help you determine if you would benefit from professional advice.
- Should I buy full coverage?
- Are all vehicle passengers covered by medical payments coverage?
- What is an SR-22 filing?
- Who is covered when they drive my Subaru BRZ?
- Does my policy cover my teen driver if they drive my company car?
- Do I need an umbrella policy?
- When should my teen driver be added to my policy?
- If my Subaru BRZ is totaled, can I afford another vehicle?
- Are rental cars covered under my policy?
If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of car insurance companies in your area.
Auto insurance 101
Knowing the specifics of your policy can be of help when determining the best coverages at the best deductibles and correct 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.
Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things like hitting a deer, falling objects, vandalism, damage from a tornado or hurricane and hitting a bird. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.
This coverage will cover damage that occurs to other’s property or people by causing an accident. It protects YOU against other people’s claims, and doesn’t cover your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 15/30/5 which means a limit of $15,000 per injured person, a limit of $30,000 in injury protection per accident, and property damage coverage for $5,000.
Liability coverage pays for claims such as loss of income, legal defense fees, court costs and medical services. How much coverage you buy is your choice, but consider buying as large an amount as possible. New Jersey state law requires minimum liability limits of 15/30/5 but it’s recommended drivers buy higher limits.
The chart below shows why buying the state minimum limits may not be enough coverage.
Auto collision coverage
This coverage will pay to fix damage to your BRZ caused by collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.
Collision insurance covers claims like driving through your garage door, crashing into a building, colliding with a tree, sideswiping another vehicle and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. You can also bump up the deductible on your BRZ in order to get cheaper collision rates.
Medical payments coverage and PIP
Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses like pain medications, ambulance fees, dental work, EMT expenses and hospital visits. They are often used to fill the gap from your health insurance plan or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage
Uninsured/Underinsured Motorist coverage
This coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your Subaru BRZ.
Due to the fact that many New Jersey drivers only purchase the least amount of liability that is required (New Jersey limits are 15/30/5), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.
Jersey City auto insurance companies
Choosing the top insurance provider can be challenging considering how many different companies there are to choose from in New Jersey. The company information displayed below can help you analyze which car insurance companies to look at buying from.
Top 10 Jersey City Car Insurance Companies Ranked by Claims Service
- Liberty Mutual
- State Farm
- 21st Century
- The Hartford
- Farmers Insurance
Top 10 Jersey City Car Insurance Companies Ranked by Customer Service
- Mercury Insurance
- The Hartford
- American Family
- State Farm
- Farmers Insurance
In the end, you can save money
When buying insurance coverage, do not buy poor coverage just to save money. There have been many cases where an insured dropped liability limits or collision coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. The aim is to purchase plenty of coverage at the lowest possible cost while not skimping on critical coverages.
In this article, we covered many ways to save on Subaru BRZ insurance in Jersey City. The most important thing to understand is the more providers you compare, the higher the chance of saving money. You may even be surprised to find that the biggest savings come from a lesser-known regional company. These companies may cover specific market segments cheaper than the large multi-state companies such as Progressive or GEICO.
Steps to finding low-cost rates for Subaru BRZ insurance in Jersey City
If you want to save money, the best way to get more affordable Subaru BRZ insurance in Jersey City is to compare prices at least once a year from different companies who provide auto insurance in New Jersey.
- First, spend some time learning about how your policy works and the factors you can control to lower rates. Many factors that cause high rates such as high-risk driving behaviors and a poor credit score can be rectified by making minor changes to your lifestyle.
- Second, obtain price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can provide rates from a single company like Progressive or Farmers Insurance, while independent agents can give you price quotes from multiple insurance companies. Begin your rate comparison
- Third, compare the price quotes to the price on your current policy to see if a cheaper price is available. If you find a lower rate quote and decide to switch, make sure there is no coverage gap between policies.
- Fourth, notify your company or agent of your decision to cancel your current policy. Submit any necessary down payment along with the completed application to your new insurance company. Be sure to place the new proof of insurance paperwork in an easily accessible location in your vehicle.
One tip to remember is to try to use similar limits and deductibles on each quote and and to get rates from as many carriers as you can. This enables an apples-to-apples comparison and the best price selection.
Much more information about car insurance in New Jersey can be found below:
- Older Driver Statistics (Insurance Information Institute)
- How Much are Auto Insurance Quotes for Drivers Under 25 in Jersey City? (FAQ)
- Who Has Cheap Jersey City Car Insurance for a Jeep Grand Cherokee? (FAQ)
- Who Has Affordable Jersey City Auto Insurance Quotes for Immigrants? (FAQ)
- Who Has Cheap Jersey City Car Insurance Rates for Single Moms? (FAQ)
- Bodily Injury Coverage (Liberty Mutual)
- What are my Rights when Filing a Claim? (Insurance Information Institute)
- Distracted Driving Statistics (Insurance Information Institute)
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)