Save Money on Ford Transit Connect Insurance in Newark

It’s a known fact that insurance companies don’t want you to look at other companies. Consumers who compare rates annually will, in all likelihood, buy a different policy because there is a good probability of finding a lower-priced company. A study showed that consumers who shopped around annually saved approximately $865 a year as compared to drivers who never compared prices.

If saving money on insurance in Newark is the reason you’re reading this, then having some knowledge of the best way to compare insurance coverage can help make the process easier and more efficient.

Truthfully, the best way to get low-cost Ford Transit Connect insurance in Newark is to compare prices regularly from insurers in New Jersey.

Step 1: Read and learn about what coverages are included in your policy and the factors you can control to prevent rate increases. Many things that cause rate increases like speeding tickets, accidents and a low credit score can be rectified by paying attention to minor details.

Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give prices from a single company like GEICO or Farmers Insurance, while independent agents can provide prices from multiple insurance companies.

Step 3: Compare the new rates to your existing policy to see if you can save by switching companies. If you find a lower rate, make sure there is no lapse between the expiration of your current policy and the new one.

Step 4: Tell your current company to cancel your current policy. Submit a completed policy application and payment to the new company. As soon as you can, put the certificate verifying coverage with your registration paperwork.

A good piece of advice is to compare identical coverage information on each quote and and to get prices from all possible companies. Doing this guarantees an apples-to-apples comparison and a complete price analysis.

If you have insurance now or need new coverage, you can use this information to cut your premiums without reducing protection. Choosing the best insurance company for you in Newark is actually not that difficult if you follow our advice. Comparison shoppers just have to understand the quickest way to compare company rates on the web.

The following companies are our best choices to provide free quotes in New Jersey. In order to find cheap car insurance in Newark, NJ, we suggest you compare several of them in order to find the most affordable rates.

Analysis of coverages

The information displayed next outlines a range of coverage costs for Ford Transit Connect models. Learning as much as possible about how insurance quotes are figured can aid in making decisions when shopping around.

Premium data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Information does not factor in specific location which can change premiums noticeably.

Physical damage deductibles

When comparing insurance rates, the most common question is at what level do you set your deductibles. The data tables below help summarize the differences in price when you buy lower versus higher coverage deductibles. The first price estimate table uses a $250 deductible for comp and collision and the second data table uses a $1,000 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Premium costs do not factor in garaging location in Newark which can decrease or increase prices considerably.

Based on the above data, using a $250 deductible could cost the average driver approximately $32 more each month or $384 annually than quoting the higher $1,000 deductible. Because you would pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 23 months between claims, you would save money if you opt for a higher deductible. Below is a better example of how this calculation is made.

An important sidenote is that raising deductibles to save money means you will have to pay more of your own money when you have to file a claim. That will require a higher level of savings in the event you have to pay more to get your vehicle repaired.

The chart below shows how choosing a deductible and can influence Ford Transit Connect insurance costs for different ages of insureds. The premiums assume a married female driver, full coverage, and no additional discounts are factored in.

Insurance cost for men versus women in Newark

The diagram below illustrates the difference between Ford Transit Connect insurance prices for male and female drivers. The rate quotes are based on no driving violations, no at-fault accidents, comprehensive and collision coverage, $500 deductibles, marital status is single, and no discounts are factored in.

Why you need to buy car insurance

Despite the fact that car insurance is not cheap in Newark, buying car insurance may be required for several reasons.

First, just about all states have compulsory liability insurance requirements which means state laws require a specific minimum amount of liability protection if you drive a vehicle. 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.

Second, if you have a lien on your car, more than likely the lender will require you to carry insurance to ensure loan repayment if the vehicle is totaled. If you let the policy lapse, the lender may have to buy a policy to insure your Ford at a much higher rate and force you to pay the higher price.

Third, car insurance preserves both your assets and your car. Insurance will also pay for many types of medical costs for you, any passengers, and anyone injured in an accident. Liability coverage, the one required by state law, also pays for attorney fees and expenses if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, your policy will pay to have it repaired.

The benefits of having insurance outweigh the cost, especially if you ever need it. In a recent study of 1,000 drivers, the average customer is overpaying over $855 a year so it’s important to compare rates each time the policy renews to help ensure money is not being wasted.

How do Car Insurance Companies Determine Ford Transit Connect Insurance Rates?

Many things are taken into consideration when you quote your car insurance policy. Some of the criteria are obvious like your driving record, although others are not as apparent such as whether you are married or your vehicle rating.

Bundle policies with the same company – Most larger companies provide a discount to policyholders who have multiple policies with them such as combining an auto and homeowners policy. This can amount to ten or even fifteen percent. Even if you’re getting this discount it’s always a smart idea to compare Ford Transit Connect rates in Newark to help guarantee you have the best rates.

Premiums can be impacted by your occupation – Careers like military personnel, executives, and financial analysts tend to have higher rates than average due to stressful work requirements and long work hours. On the flip side, jobs like professors, engineers and retirees receive lower rates.

Cheaper rates using alarm systems – Buying a car that has a built-in theft deterrent system can help lower your premiums. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help stop your vehicle from being stolen.

How your age affects prices – Drivers with little experience tend to be inattentive and easily distracted when driving so they pay higher car insurance rates. More experienced drivers are more cautious drivers, cost insurance companies less in claims, and receive fewer citations.

The chart below uses these assumptions: single driver, full coverage with $250 deductibles, and no discounts or violations.

Always keep your coverage in place – Letting your insurance expire will be a fast way to pay more for car insurance. And not only will insurance be more expensive, not being able to provide proof of insurance can result in a license revocation or jail time.

Too many claims will drive premiums up – Car insurance companies in New Jersey generally give most affordable rates to drivers who are claim-free. If you file claims often, you can pretty much guarantee higher premiums or even policy non-renewal. Auto insurance is intended for larger claims.

Your liability limits – Your policy’s liability coverage will provide protection if you are determined to be liable for physical damage or personal injury to other. This coverage provides you with a defense in court to defend your case. This coverage is relatively inexpensive compared to physical damage coverage, so drivers should carry high limits.

Obey driving laws and save – Careful drivers receive lower rates compared to drivers with tickets. Getting just one speeding ticket or other violation can bump up the cost twenty percent or more. Drivers who get flagrant citations like reckless driving or DUI may find that they have to to prove financial responsibility with the DMV in their state in order to keep their license.

The example below illustrates how violations and accident claims impact Ford Transit Connect premium costs for each age group. The costs are based on a single female driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied to the premium.

Do you qualify for discounts?

Some insurance providers don’t always publicize every discount in an easy-to-find place, so the list below contains a few of the more well known and also the more inconspicuous credits available to lower your premiums when you buy Newark auto insurance online.

• Anti-theft Discount – Cars and trucks with anti-theft systems prevent vehicle theft and earn discounts up to 10% off your Newark auto insurance quote.
• Lower Rates for Military – Being on active duty in the military can result in better car insurance rates.
• Anti-lock Brakes – Cars and trucks with anti-lock braking systems have fewer accidents so companies give up to a 10% discount.
• Discounts for Cautious Drivers – Insureds without accidents may receive a discount up to 45% than less cautious drivers.
• Student in College – Kids living away from Newark attending college and won’t have access to an insured vehicle can receive lower rates.
• Full Payment Discount – By paying your policy upfront rather than paying monthly you could save up to 5%.

Discounts reduce rates, but you should keep in mind that many deductions do not apply to the entire cost. Some only apply to the cost of specific coverages such as comp or med pay. Just because it seems like adding up those discounts means a free policy, that’s just not realistic.

The information below compares Ford Transit Connect insurance rates with and without discounts applied. The rate quotes are based on a female driver, no violations or claims, New Jersey state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, homeowner, marriage, multi-car, and safe-driver discounts applied.

The best car insurance companies and the discounts they provide can be found below.

• GEICO may include discounts for anti-lock brakes, emergency military deployment, good student, daytime running lights, military active duty, anti-theft, and air bags.
• MetLife has savings for defensive driver, multi-policy, accident-free, claim-free, and good student.
• State Farm offers discounts including Steer Clear safe driver discount, accident-free, defensive driving training, multiple autos, good driver, anti-theft, and passive restraint.
• Progressive includes discounts for continuous coverage, good student, online signing, multi-policy, multi-vehicle, online quote discount, and homeowner.
• Mercury Insurance may offer discounts for anti-theft, good student, accident-free, multi-policy, and multi-car.
• 21st Century has discounts for driver training, air bags, good student, defensive driver, and anti-lock brakes.
• Allstate may have discounts that include defensive driver, eSmart discount, utility vehicle, anti-lock brakes, and economy car.

If you want affordable Newark auto insurance quotes, ask every prospective company which credits you are entitled to. Discounts may not apply in every state. To find car insurance companies that offer multiple discounts in Newark, click here to view.

Which is the best auto insurance?

Always remember that when buying coverage online or from an agent, there really isn’t a perfect coverage plan. Your situation is unique.

For example, these questions may help you determine whether or not you might need professional guidance.

• Should I put collision coverage on all my vehicles?
• Is my camper covered for physical damage?
• Will my rates increase for filing one claim?
• Is business property covered if stolen from my car?
• Is my ex-spouse still covered by my policy?
• Can I drive in Mexico and have coverage?
• What states are considered no-fault?
• What if I don’t agree with a claim settlement offer?

If it’s difficult to answer those questions, you may need to chat with an agent. If you don’t have a local agent, complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.

Auto insurance agents can find coverage gaps

Some people would rather visit with an insurance agent and that is not a bad decision Licensed agents are trained to spot inefficiencies and help submit paperwork. One of the best bonuses of comparing rate quotes online is that you can find lower rates and still choose a local agent. Supporting small agencies is important particularly in Newark.

Upon completion of this short form, your insurance coverage information gets sent to agents in your area who will return price quotes for your car insurance coverage. There is no need to visit any agencies because prices are sent to you. If you wish to get a comparison quote from one company in particular, just jump over to their website and complete a quote there.

If you want to buy car insurance from local Newark agents, it helps to know the two types of agencies that differ in how they can insure your vehicles. Car insurance agents can be classified as either independent agents or exclusive agents depending on their employer. Either can write policy coverage, but it’s good to learn the difference between them because it can impact your selection of an agent.

Independent Car Insurance Agencies or Brokers

Independent agencies can sell policies from many different companies so they can write business with lots of companies and find you cheaper rates. To transfer your coverage to a different company, an independent agent can move your coverage which requires no work on your part.

When comparison shopping, it’s a good idea to check rates from at least one independent agent to get the best comparison.

The following is a small list of independent insurance agents in Newark who can help you get price quote information.

More insurance agents

Exclusive Agencies

These type of agents write business for a single company and some examples include State Farm, Allstate, and Farm Bureau. Exclusive agents cannot give you multiple price quotes so it’s a take it or leave it situation. Exclusive agencies are usually well trained on their company’s products which helps them compete with independent agents.

Listed below is a short list of exclusive insurance agencies in Newark that can give you comparison quotes.

More insurance agents

Selecting a insurance agent needs to be determined by more than just a cheap quote. These are some questions you should get answers to.

• Do you work with a CSR or direct with the agent?
• Is insurance their full-time profession?
• How many years of experience in personal auto insurance do they have?
• What kind of financial rating does the company have?
• What company do they have the most business with?

One last thing to lower rates

Low-cost Ford Transit Connect insurance in Newark is possible on the web and with local Newark insurance agents, and you should compare rates from both to have the best selection. Some auto insurance companies do not offer rates over the internet and usually these smaller companies only sell through independent agents.

When searching for affordable Ford Transit Connect insurance quotes, do not buy less coverage just to save a little money. There have been many situations where an insured cut comprehensive coverage or liability limits only to find out they didn’t purchase enough coverage. The proper strategy is to purchase a proper amount of coverage for the lowest cost while not skimping on critical coverages.

In this article, we presented a lot of tips how to find cheap Ford Transit Connect insurance in Newark. The key concept to understand is the more rate comparisons you have, the higher the chance of saving money. Drivers may even discover the most savings is with some of the lesser-known companies.

Helpful learning opportunities

• New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
• How Much is Newark Car Insurance for Business Use? (FAQ)
• Who Has Affordable Newark Auto Insurance Quotes for Hybrid Vehicles? (FAQ)
• Who Has Cheap Newark Auto Insurance Quotes for a Toyota Camry? (FAQ)
• Who Has Affordable Car Insurance for a Toyota RAV4 in Newark? (FAQ)
• Who Has the Cheapest Newark Car Insurance Rates for Drivers with Good Credit? (FAQ)
• Five Tips to Save on Auto Insurance (Insurance Information Institute)
• Steps to Take After an Auto Accident (Insurance Information Institute)
• How Much Auto Coverage do I Need? (Insurance Information Institute)
• Protecting Teens from Drunk Driving (Insurance Information Institute)