Best Ways to Save on Jersey City Scion tC Insurance

Really, the only way to get cheaper car insurance rates in Jersey City is to annually compare prices from insurance carriers in New Jersey. This can be done by following these guidelines.

The key thing to know about shopping around is to use identical deductibles and limits on each quote and and to get prices from as many car insurance companies as possible. This enables a level playing field and a better comparison of the market.

Discount Scion tC insuranceIt’s an obvious statement that insurance companies don’t want you to look for a cheaper policy. Insureds who shop around for cheaper price quotes will probably buy a new policy because there is a great chance of finding more affordable rates. A recent insurance study discovered that drivers who did price comparisons regularly saved about $3,450 over four years as compared to drivers who never shopped around for lower prices.

If finding the cheapest price for Scion tC insurance in Jersey City is your goal, then learning a little about the best ways to shop for car insurance can make it easier for you to save money.

If you currently have insurance, you will be able to reduce premiums using the concepts covered in this article. Finding the cheapest insurance coverage in Jersey City is much easier if you have a good place to start. Nevertheless, New Jersey car owners can benefit from knowing how big insurance companies charge you for coverage and use it to your advantage.

Compare Jersey City Scion tC insurance rate quotes

All major car insurance companies make it easy to get coverage price quotes directly from their websites. Getting online rates for Scion tC insurance in Jersey City is fairly simple because it’s just a matter of typing in your personal and coverage information into a form. Once you submit the form, their system gets information on your driving record and credit history and generates a price based on these and other factors. Using the web to get rate quotes for Scion tC insurance in Jersey City helps simplify price comparisons, and it is imperative to do this in order to find the cheapest price on car insurance.

To fill out one form to compare multiple rates now, visit the companies below or click here to submit a quote request to multiple companies at once. If you currently have coverage, we recommend you type in your coverages just like they are on your policy. This makes sure you are getting an apples-to-apples comparison for similar coverage.

The companies shown below can provide price comparisons in New Jersey. If you want to find cheap car insurance in Jersey City, it’s a good idea that you visit two to three different companies to find the most competitive car insurance rates.

Cheaper Scion tC insurance quotes in Jersey City

Companies don’t list every policy discount very clearly, so we took the time to find a few of the more well known and the harder-to-find discounts you could be receiving when you buy Jersey City auto insurance online. If you do not check that you are getting every discount you deserve, you are not getting the best rate possible.Cheaper car insurance with discounts

A little disclaimer on discounts, some of the credits will not apply to the whole policy. A few only apply to the price of certain insurance coverages like comp or med pay. So even though you would think all those discounts means the company will pay you, car insurance companies aren’t that generous.

The diagram below illustrates the difference between Scion tC premium costs with and without some available policy discounts. The costs are based on a male driver, no violations or accidents, 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 homeowner, multi-car, safe-driver, claim-free, marriage, and multi-policy discounts applied.

Companies and their offered discounts include:

When quoting, ask all the companies which discounts you qualify for. Some discounts listed above may not apply to policies everywhere. To see a list of insurers that offer the discounts shown above in Jersey City, follow this link.

Analysis of Scion tC rates

The data table below covers a range of insurance policy prices for Scion tC models. Having a better understanding of how prices are formulated can help customers make decisions on which insurance to purchase.

Scion tC Insurance Rates in Jersey City, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
TC 2-Dr Hatchback $224 $614 $726 $44 $218 $1,826 $152
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Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Premium costs do not factor in specific garaging location which can modify insurance rates substantially.

Comparison of policy deductibles

When shopping for auto insurance, a common question is which deductible level should you buy. The rates below may help to illustrate how much more you’ll pay of buying low and high coverage deductibles. The first price estimate table uses a $250 deductible and the second set of prices uses a $500 deductible.

Scion tC insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
TC 2-Dr Hatchback $372 $848 $600 $36 $180 $2,061 $172
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Scion tC insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
TC 2-Dr Hatchback $302 $684 $600 $36 $180 $1,802 $150
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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 multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Rate quotes do not factor in vehicle location which can modify rates considerably.

Based on this data, using a $250 deductible would cost the average driver about $22 more each month or $264 each year than requesting the higher $500 deductible. Since the policyholder would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you tend to go more than 11 months between claims, you would save more money if you elect the higher deductible. The table below illustrates how we made this calculation.

Average monthly premium for $250 deductibles: $172
Average monthly premium for $500 deductibles (subtract): – $150
Monthly savings from raising deductible: $22
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $22
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 11 months

One important note is that a higher deductible level results in having to pay to pay more out-of-pocket when you have a physical damage claim. You will want to have enough money put aside in order to pay the deductible to have repairs made.

Should you buy full coverage?

The illustration below compares Scion tC insurance prices with and without physical damage coverage. Data assumes no claims, a clean driving record, $250 deductibles, single status, and no discounts are applied to the premium.

Guidelines for dropping full coverage

There is no exact rule of when to drop full coverage, but there is a general school of thought. If the annual cost of having full coverage is about 10% or more of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.

For example, let’s say your Scion tC replacement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would receive is $4,000 after paying your deductible. If you are currently paying more than $400 annually for comprehensive and collision coverage, then it might be time to buy liability only.

There are some conditions where eliminating full coverage is not a good plan. If you haven’t paid off your loan, you must maintain physical damage coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not drop full coverage.

What Determines Scion tC Insurance Rates?

Smart consumers have a good feel for some of the factors that come into play when calculating your car insurance rates. When consumers understand what determines base rates, this allows you to make good choices that may result in lower premium levels.

The list below includes most of the major factors car insurance companies consider when setting premiums.

Driving citations can increase premiums – Drivers who don’t get tickets pay lower auto insurance prices compared to bad drivers. Having just one ticket can boost insurance rates by twenty percent. Drivers who have received flagrant violations such as reckless driving or DUI may need to complete a SR-22 with their state’s department of motor vehicles in order to continue driving.

The diagram below illustrates how violations and fender-benders increase Scion tC yearly insurance costs for different age groups of insureds. The premiums are based on a single female driver, full coverage, $500 deductibles, and no discounts are taken into consideration.

Policy add-ons may be wasting money – Insurance companies have many extra add-on coverages that can add up when buying car insurance. Insurance for things like coverage for rental cars, death and dismemberment, and extra equipment coverage could be just wasting money. These may sound like a good investment when you first buy your policy, but if you’ve never needed them in the past think about removing them and cutting costs.

Drive a fast vehicle and pay more – The performance of the vehicle you are buying insurance for makes a huge difference in determining your rates. Lower performance four cylinder passenger cars usually are quite affordable to insure, but the cost you end up paying is determined by many additional factors.

The chart below assumes a single female driver age 20, full coverage with $100 deductibles, and no discounts or violations. It shows Scion tC insurance rates compared to other vehicles that have a range of performances.

Women tend to take less risk – The statistics show females are less aggressive when driving. Now that doesn’t mean women are better drivers. Females and males have fender benders in similar numbers, but the men tend to have more serious accidents. They also receive more major tickets like DWI (DUI) or reckless driving. Male drivers age 16 to 19 have the highest risk to insure and therefore are the most expensive to insure.

The information below compares Scion tC annual premium costs for male and female drivers. The information is based on no tickets, no at-fault accidents, full coverage, $100 deductibles, drivers are not married, and no other discounts are factored in.

Discounts for multiple policies – Most larger companies afford a discount for people who consolidate policies with them, otherwise known as a multi-policy discount. Even if you already get this discount, it’s in your best interest to get quotes from other companies to confirm you are receiving the best rates possible. You may still be able to find better rates by buying car insurance from a different company.

Big cities have higher prices – Having an address in small towns and rural areas can save you money when talking about car insurance. Fewer people corresponds to lower accident rates in addition to lower liability claims. Drivers who live in large New Jersey cities tend to have congested traffic and longer commutes to work. Longer commute distances can result in more accidents.

Coverage lapses raise car insurance rates – Having a gap between insurance policy dates can be a quick way to increase your car insurance rates. Not only will rates go up, being ticketed for driving with no insurance may result in a hefty fine and possibly a revoked license. You will then be forced to file a SR-22 with the New Jersey DMV.

How much liability – A critical coverage on your policy, liability insurance will protect you in the event that a jury decides you are liable for physical damage or personal injury to other. Liability provides legal defense coverage to attempt to prove you were not liable. Carrying liability coverage is mandatory and cheap compared to comp and collision, so drivers should carry high limits.

Insurance losses for a Scion tC – Auto insurance companies analyze past claim statistics when they calculate premium costs for each model. Models that the data determines to have increased claim numbers or amounts will have higher premium rates.

The data below shows the collected loss data for Scion tC vehicles. For each coverage category, the claim probability for all vehicles, regardless of make or model, is set at 100. Values under 100 suggest losses that are better than average, while values over 100 indicate higher probability of having a loss or tendency to have larger claims.

Auto Insurance Loss Data for Scion tC Models
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Scion tC 133 139 136 148 152 143

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years