Auto Insurance Quotes for a Toyota Avalon in Jersey City

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Insurance rates Toyota Avalon in Jersey CityIt's a known fact that auto insurance companies don't want you to look at other companies. Insureds who compare other rates are inclined to switch car insurance companies because they stand a good chance of finding good coverage at a lower price. Surprisingly, a recent survey revealed that drivers who routinely shopped for cheaper coverage saved an average of $860 a year as compared to drivers who never shopped around for cheaper prices.

If finding the best rates on Toyota Avalon insurance is the reason you're here, understanding the best ways to shop for coverages can make it easier for you to save money.

If saving money is your primary concern, then the best way to find low-cost prices for auto insurance rates in Jersey City is to begin comparing prices regularly from companies who provide car insurance in New Jersey. You can compare prices by completing these steps.

Step 1: Gain an understanding of how insurance companies determine prices and the steps you can take to prevent expensive coverage. Many rating criteria that result in higher rates such as speeding and a negative credit rating can be remedied by improving your driving habits or financial responsibility.

Step 2: Compare price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only provide price estimates from a single company like GEICO and Allstate, while agents who are independent can quote prices for a wide range of insurance providers. Find a Jersey City insurance agent

Step 3: Compare the new rates to your existing rates to determine if you can save on Avalon insurance in Jersey City. If you can save money and change companies, make sure coverage does not lapse between policies.

A good tip to remember is that you'll want to compare the same physical damage deductibles and liability limits on every quote request and and to get rates from every insurance company. This provides an apples-to-apples comparison and a complete selection of prices.

When comparison shopping, comparing more quotes helps locate a better price. Some companies don't provide online Jersey City Avalon insurance quotes, so it's important to compare price quotes from them as well.

The companies shown below are our best choices to provide price comparisons in Jersey City, NJ. To get cheap auto insurance in Jersey City, we recommend you visit two to three different companies in order to get a fair rate comparison.

Insurance quotes and discounts

Some insurers don't always publicize all available discounts very clearly, so the following is a list of both the well known and also the lesser-known discounts that may be available. If you check and find you aren't receiving every discount you deserve, you could be paying more than you need to.Discount insurance

  • Discount for Passive Restraints - Factory options such as air bags or automatic seat belts can get savings of more than 20%.
  • Employee of Federal Government - Simply working for the federal government can save as much as 8% but check with your company.
  • Accident-Free Discounts - Insureds who avoid accidents and claims pay much less when compared with bad drivers.
  • Discounts for Good Drivers - Drivers who avoid accidents can get discounts for up to 45% lower rates than drivers with accident claims.
  • Discounts for Multiple Vehicles - Buying a policy with multiple cars with the same company can get a discount for every vehicle.
  • Discount for New Cars - Buying a new car instead of a used Avalon can save you some money due to better safety requirements for newer models.
  • Distant Student - Kids who are enrolled in a college that is more than 100 miles from Jersey City and do not have access to a covered vehicle could get you a discount.
  • Service Members Pay Less - Having a family member in the military may qualify for rate reductions.
  • Good Students Pay Less - This discount could provide a savings of up to 20% or more. Earning this discount can benefit you well after school through age 25.
  • Theft Deterrent System - Anti-theft and alarm system equipped vehicles can help prevent theft so companies will give you a small discount.

Just know that some of the credits will not apply to the whole policy. Most only cut individual premiums such as medical payments or collision. If you do the math and it seems like it's possible to get free car insurance, insurance companies wouldn't stay in business.

The chart below illustrates the comparison of Toyota Avalon annual premium costs with and without discounts applied. The premiums are based on a male driver, no claims or driving violations, New Jersey state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, safe-driver, homeowner, multi-car, and claim-free discounts applied.

A few popular companies and their possible discounts include:

  • Farmers Insurance discounts include business and professional, distant student, mature driver, switch companies, and bundle discounts.
  • State Farm has discounts for accident-free, Steer Clear safe driver discount, multiple autos, safe vehicle, Drive Safe & Save, good driver, and driver's education.
  • Liberty Mutual includes discounts for preferred payment discount, safety features, newly married, good student, exclusive group savings, hybrid vehicle, and new vehicle discount.
  • MetLife offers premium reductions for claim-free, defensive driver, good driver, good student, and accident-free.
  • Progressive may have discounts that include homeowner, online signing, continuous coverage, multi-policy, online quote discount, and multi-vehicle.

When comparing rates, check with every prospective company what discounts are available to you. Savings might not be offered in your area. To locate companies offering insurance discounts in New Jersey, click here to view.

Facts and figures for Toyota Avalon insurance

The data table displayed next covers detailed analysis of insurance policy prices for Toyota Avalon models. Learning as much as possible about how insurance prices are determined can be valuable when making informed decisions when comparing rates.

Toyota Avalon Insurance Rates in Jersey City, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Avalon XL $478 $626 $536 $32 $160 $1,832 $153
Avalon XLS $478 $738 $536 $32 $160 $1,944 $162
Avalon Limited $532 $738 $536 $32 $160 $1,998 $167
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Rate information does not factor in vehicle location which can affect rates substantially.

Physical damage deductibles: Should you raise them?

One of the more difficult decisions when buying auto insurance is the level to set your comp and collision deductibles. The comparison tables below outline the differences in premium rates when you choose different insurance deductibles. The first data set uses a $250 deductible and the second rate chart uses a $500 deductible.

Toyota Avalon insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Avalon XL $420 $626 $408 $24 $122 $1,625 $135
Avalon XLS $420 $738 $408 $24 $122 $1,737 $145
Avalon Limited $466 $738 $408 $24 $122 $1,783 $149
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Toyota Avalon insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Avalon XL $340 $504 $408 $24 $122 $1,398 $117
Avalon XLS $340 $594 $408 $24 $122 $1,488 $124
Avalon Limited $380 $594 $408 $24 $122 $1,528 $127
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Rate quotes do not factor in specific location information which can revise premiums considerably.

Based on this data, using a $250 deductible costs approximately $20 more each month or $240 a year across all Toyota Avalon models than opting for the higher $500 deductible. Because you would pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you normally go at least 13 months between claim filings, you would most likely save money by selecting a higher deductible.

How to determine if higher deductibles are a good idea

Average monthly premium for $250 deductibles: $143
Average monthly premium for $500 deductibles (subtract): - $123
Monthly savings from raising deductible: $20
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $20
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

One important note is that raising deductibles to get cheaper rates results in a higher out-of-pocket expense if you have a claim. You should have enough money stashed away in the event you have to pay the higher deductible.

The diagram below demonstrates how deductible levels and can impact Toyota Avalon annual premium costs for each age group. The premium estimates are based on a single male driver, full coverage, and no other discounts are factored in.

Impact of violations and accidents on rates in Jersey City

The illustration below demonstrates how traffic citations and fender-benders can raise Toyota Avalon auto insurance rates for different age groups. The costs are based on a married female driver, comprehensive and collision coverage, $250 deductibles, and no policy discounts are applied.

Cost difference between full coverage and liability

The illustration below visualizes the comparison of Toyota Avalon premium costs when comparing full coverage to state minimum liability only. The premium estimates are based on no claims or driving citations, $1,000 deductibles, drivers are not married, and no discounts are factored in.

When to stop buying physical damage coverage

There isn't a written rule to stop paying for comp and collision coverage, but there is a guideline you can use. If the annual cost of coverage is about 10% or more of the vehicle's replacement cost less your deductible, then it might be time to buy liability only.

For example, let's pretend your Toyota Avalon settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $4,000 after you pay the deductible. If it's costing you more than $400 annually to have full coverage, then it's probably a good time to buy liability coverage only.

There are some conditions where dropping physical damage coverage is not financially feasible. If you still have a loan on your vehicle, you are required to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if you don't have enough money to buy a different vehicle in the even your car is totaled, you should not eliminate full coverage.

Best car insurance company in Jersey City

Choosing a high-quality insurance company is hard considering how many companies sell coverage in Jersey City. The company information in the next section may help you pick which auto insurers you want to consider when looking for cheaper rates.

Top Car Insurance Companies in New Jersey
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Mercury Insurance 87 96 100 87% A+ 93.4
The Hartford 88 96 91 93% A+ 92.6
Progressive 84 94 99 90% A+ 92.4
Travelers 84 93 100 87% A++ 92.3
State Farm 84 93 95 87% A++ 91
Farmers Insurance 87 92 90 85% A 90.6
Safeco Insurance 85 91 87 86% A 88.4
USAA 71 93 98 87% A++ 88
GEICO 73 93 95 85% A++ 87.1
21st Century 85 85 91 89% A 86.9
Liberty Mutual 72 91 97 83% A 86.4
AAA Insurance 85 85 88 86% A 85.8
Nationwide 71 90 93 83% A+ 84.9
Allstate 69 92 92 83% A+ 84.4
American Family 77 96 80 85% A 83.8
Esurance 70 80 89 77% A+ 79.2
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Data Source: Insure.com Best Car Insurance Companies