The recommended way to find cheaper quotes for Chevy Cobalt insurance in Newark is to do an annual price comparison from providers who sell insurance in New Jersey. You can compare rates by following these guidelines.
- Gain an understanding of how companies price auto insurance and the measures you can control to lower rates. Many factors that result in higher rates like getting speeding tickets and a lousy credit rating can be controlled by being financially responsible and driving safely. This article gives ideas to get low prices and find discounts that may have been missed.
- Quote rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give prices from a single company like Progressive and State Farm, while independent agents can give you price quotes for many different companies.
- Compare the new rate quotes to the premium of your current policy to determine if switching companies saves money. If you find a lower rate quote and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
The key thing to know about shopping around is that you’ll want to compare similar limits and deductibles on each price quote and to quote with every insurance company. This provides the most accurate price comparison and a complete rate analysis.
We don’t have to point out that fact that auto insurance companies want to keep you from comparing rates. People who shop for lower prices are very likely to switch car insurance companies because there is a good probability of finding discount prices. Remarkably, a study showed that consumers who shopped around every year saved on average $3,500 over four years as compared to drivers who never compared rates.
If finding the best price on Chevy Cobalt insurance is the reason you’re reading this, then understanding how to get price quotes and compare insurance rates can help you succeed in saving money.
The fastest way that we advise to compare policy rates for Chevy Cobalt insurance in Newark is to understand most larger insurance companies allow for online access to give you rate quotes. The one thing you need to do is give them rating details such as an estimate of your credit level, how old drivers are, your education level, and if you have an active license. The rating information is instantly submitted to multiple companies and they return rate quotes almost instantly.
To start a quote now, click here then complete the form.
The companies shown below offer free rate quotes in Newark, NJ. If your goal is to find the cheapest auto insurance in Newark, NJ, it’s a good idea that you visit two to three different companies in order to find the most affordable rates.
Insurance coverage analysis
The rate information displayed next covers a range of insurance coverage prices for Chevy Cobalt models. Being able to understand how rate quotes are figured can be of help when making smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $154 | $384 | $510 | $30 | $152 | $1,230 | $103 |
| Cobalt XFE 4-Dr Sedan | $154 | $384 | $510 | $30 | $152 | $1,230 | $103 |
| Cobalt LS 2-Dr Coupe | $176 | $384 | $564 | $34 | $170 | $1,328 | $111 |
| Cobalt XFE 2-Dr Coupe | $176 | $384 | $564 | $34 | $170 | $1,328 | $111 |
| Cobalt LT 4-Dr Sedan | $176 | $384 | $510 | $30 | $152 | $1,252 | $104 |
| Cobalt LT 2-Dr Coupe | $200 | $384 | $564 | $34 | $170 | $1,352 | $113 |
| Cobalt SS Turbo 2-Dr Coupe | $222 | $502 | $564 | $34 | $170 | $1,492 | $124 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Rates do not factor in zip code location which can revise auto insurance rates significantly.
Policy deductible comparison
When shopping for insurance, a common question is where to set your physical damage deductibles. The figures shown below approximate the difference in cost when you buy lower versus higher physical damage deductibles. The first set of rates uses a $250 deductible for comp and collision and the second set of rates uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $324 | $738 | $544 | $32 | $162 | $1,825 | $152 |
| Cobalt XFE 4-Dr Sedan | $324 | $738 | $544 | $32 | $162 | $1,825 | $152 |
| Cobalt LS 2-Dr Coupe | $372 | $738 | $600 | $36 | $180 | $1,951 | $163 |
| Cobalt XFE 2-Dr Coupe | $372 | $738 | $600 | $36 | $180 | $1,951 | $163 |
| Cobalt LT 4-Dr Sedan | $372 | $738 | $544 | $32 | $162 | $1,873 | $156 |
| Cobalt LT 2-Dr Coupe | $420 | $738 | $600 | $36 | $180 | $1,999 | $167 |
| Cobalt SS Turbo 2-Dr Coupe | $466 | $960 | $600 | $36 | $180 | $2,267 | $189 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $264 | $594 | $544 | $32 | $162 | $1,596 | $133 |
| Cobalt XFE 4-Dr Sedan | $264 | $594 | $544 | $32 | $162 | $1,596 | $133 |
| Cobalt LS 2-Dr Coupe | $302 | $594 | $600 | $36 | $180 | $1,712 | $143 |
| Cobalt XFE 2-Dr Coupe | $302 | $594 | $600 | $36 | $180 | $1,712 | $143 |
| Cobalt LT 4-Dr Sedan | $302 | $594 | $544 | $32 | $162 | $1,634 | $136 |
| Cobalt LT 2-Dr Coupe | $340 | $594 | $600 | $36 | $180 | $1,750 | $146 |
| Cobalt SS Turbo 2-Dr Coupe | $380 | $774 | $600 | $36 | $180 | $1,970 | $164 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Rates do not factor in specific Newark garaging location which can decrease or increase premium rates significantly.
Based on this data, we can arrive at the conclusion that using a $250 deductible will cost in the ballpark of $20 more each month or $240 for a full year than quoting the higher $500 deductible. Since the policyholder would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you usually have at least 13 months between claims, you would save more money if you choose the higher deductible. The numbers below show a better example of how you can make this decision for your own policy.
| Average monthly premium for $250 deductibles: | $163 |
| Average monthly premium for $500 deductibles (subtract): | – $143 |
| 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 |
The information below highlights how deductible selection and can impact Chevy Cobalt yearly insurance costs for different insured age categories. The data is based on a single female driver, comprehensive and collision coverage, and no discounts are factored in.
How much more does full coverage cost in Newark?
The diagram below illustrates the difference between Chevy Cobalt auto insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on no claims or violations, $100 deductibles, drivers are not married, and no additional discounts are factored in.
Should you buy full coverage or liability only?
There is no definitive guideline to stop buying comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is 10% or more of any settlement you would receive from your insurance company, then it might be time to buy liability only.
For example, let’s assume your Chevy Cobalt replacement cost is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $5,000 after paying your policy deductible. If premium cost is more than $500 a year for comprehensive and collision coverage, then you might want to consider buying only liability coverage.
There are some cases where dropping full coverage is not a good idea. If you have an outstanding loan on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should keep full coverage in place.
Why you need Chevy vehicle insurance in New Jersey
Despite the high cost of buying insurance for a Chevy Cobalt in Newark, auto insurance is required for several reasons.
- The majority of states have compulsory liability insurance requirements which means state laws require a minimum amount of liability in order to get the vehicle licensed. 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 lien on your Chevy Cobalt, almost all lenders will have a requirement that you have insurance to protect their interest in the vehicle. If the policy lapses, the lender will be forced to insure your Chevy at a more expensive rate and force you to pay for it.
- Auto insurance protects your vehicle and your assets. It will also reimburse you for medical bills incurred in an accident. As part of your policy, liability insurance also covers all legal expenses up to the policy limit if you cause an accident and are sued. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.
The benefits of having insurance definitely exceed the price paid, especially if you ever need it. According to a survey of 1,000 drivers, the average driver is wasting up to $855 a year so compare rate quotes every year to make sure the price is not too high.
Find Lower-cost Auto Insurance with These Tips
It’s important that you understand a few of the rating criteria that are used to determine the price you pay for auto insurance. When you know what positively or negatively determines premiums, this enables you to make decisions that will entitle you to lower rates. Lots of things are part of the equation when you get a price on insurance. Some factors are common sense like an MVR report, but other criteria are less apparent like your vehicle usage or how financially stable you are.
Pay more for higher performance vehicles – The performance of the vehicle you drive makes a substantial difference in determining your rates. The lowest rates are generally reserved for economy passenger cars, but the cost you end up paying is determined by many additional factors.
The chart below uses these assumptions: married male driver age 50, full coverage with $500 deductibles, and no discounts or violations. It illustrates Chevrolet Cobalt policy rates compared to other makes and models that have a range of performance risks.
Cheaper rates by consolidating – Lots of insurers will give better rates to policyholders who have multiple policies with them in the form of a multi-policy discount. If you currently are using one company, it’s always a smart idea to compare Chevy Cobalt rates in Newark to verify if the discount is saving money.
Avoid traffic tickets – Careful drivers get better rates compared to bad drivers. Getting just one ticket may cause rates to rise twenty percent or more. Drivers who get dangerous citations like DWI, reckless driving or hit and run convictions may find that they have to to file a proof of financial responsibility form (SR-22) with their state’s department of motor vehicles in order to legally drive.
The example below shows how traffic citations and fender-benders can increase Chevy Cobalt car insurance rates for each different age category. The data assumes a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are taken into consideration.
Costs are affected by your address – Being located in less populated areas of the country is a positive aspect when shopping for auto insurance. Lower population translates into fewer accident claims in addition to lower liability claims. City drivers tend to have congested traffic and a longer drive to work. Spending more time driving can result in more accidents.
Don’t overlook these Chevy Cobalt insurance discounts
Insurance can be prohibitively expensive, but you may qualify for discounts to help bring down the price. Certain discounts will be applied when you quote, but a few must be asked about before they will apply. If you do not check that you are getting every discount you qualify for, you are not getting the best rate possible.
- Multi-Vehicle Discounts – Buying insurance for multiple cars or trucks on one policy can reduce the rates for all insured vehicles.
- Student in College – College-age children living away from Newark attending college and leave their car at home can receive lower rates.
- Sign Early and Save – A few companies offer discounts for buying a new policy prior to the expiration date on your current Cobalt insurance policy. The savings is around 10%.
- Driver Safety – Participating in a defensive driver course may get you a small discount if you qualify.
- Passive Restraints and Air Bags – Vehicles equipped with air bags or motorized seat belts can qualify for discounts up to 30%.
- Discount for Low Mileage – Fewer annual miles on your Chevy could be rewarded with cheaper premium rates.
- Payment Discounts – By making one initial payment instead of making monthly payments you may reduce your total bill.
- Anti-lock Brake Discount – Cars, trucks, and SUVs that have steering control and anti-lock brakes can reduce accidents so you can save 10 percent or more.
- Senior Citizens – Drivers that qualify as senior citizens can get a discount up to 10%.
- Multi-line Discount – Some companies give a discounted premium rate on car insurance if you buy auto and life insurance together.
You can save money using discounts, but most discount credits are not given to the overall cost of the policy. Most only apply to specific coverage prices like comp or med pay. Even though it may seem like you would end up receiving a 100% discount, companies don’t profit that way.
The chart below shows the comparison of Chevy Cobalt insurance premiums with and without discounts applied to the policy premium. The premiums assume a female driver, a clean driving record, no claims, New Jersey state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, homeowner, safe-driver, claim-free, and marriage discounts applied.
Large insurance companies and some of the premium reductions they offer are shown below.
- State Farm may have discounts that include good student, multiple policy, passive restraint, Drive Safe & Save, anti-theft, Steer Clear safe driver discount, and defensive driving training.
- GEICO includes discounts for seat belt use, defensive driver, multi-policy, anti-theft, and driver training.
- Progressive has discounts for online quote discount, multi-policy, multi-vehicle, continuous coverage, homeowner, and good student.
- 21st Century offers discounts including anti-lock brakes, theft prevention, driver training, 55 and older, homeowners, good student, and defensive driver.
- American Family may include discounts for bundled insurance, multi-vehicle, defensive driver, TimeAway discount, mySafetyValet, and good driver.
- The Hartford offers discounts for driver training, vehicle fuel type, air bag, good student, and anti-theft.
- AAA discounts include good driver, education and occupation, AAA membership discount, multi-policy, multi-car, anti-theft, and pay-in-full.
If you are trying to find low cost Newark auto insurance quotes, ask every prospective company how many discounts you can get. Some of the earlier mentioned discounts may not be available in your state. For a list of insurers with the best discounts in New Jersey, click here to view.
Should I have guidance from an insurance agent?
Some people would rather have an agent’s advice and that is not a bad decision One of the benefits of comparing rate quotes online is you may find the lowest rates and still choose a local agent.
To help locate an agent, after submitting this short form, the quote information is sent to insurance agents in Newark that provide free Newark auto insurance quotes for your insurance coverage. You won’t need to even leave your home because quoted prices will be sent to you directly. You can find lower rates without the usual hassles of price shopping. If you wish to compare prices from a specific company, don’t hesitate to go to their quote page and fill out the quote form the provide.
Finding the right company needs to be determined by more than just the bottom line cost. A good agent in Newark will have answers to these questions.
- Is the agent CPCU or CIC certified?
- Do the coverages you’re quoting properly cover your vehicle?
- What kind of financial rating does the company have?
- Can you use your own choice of collision repair facility?
- Will they make sure you get an adequate claim settlement?
- Do they make recommendations based only on price?
- Which family members are covered?
When narrowing the list to find a local insurance agency, it’s important to understand the different agency structures and how they are distinctly different. Auto insurance agents in Newark are either exclusive or independent.
Exclusive Insurance Agents
Exclusive agencies can only quote rates from one company and examples are American Family, State Farm, and Allstate. They generally cannot give you multiple price quotes so they really need to provide good service. These agents are trained well in insurance sales which can be an advantage. A lot of people use the same exclusive agent mostly because of the prominent brand name and solid financial strength.
Shown below is a list of exclusive agents in Newark who may provide you with price quotes.
- State Farm: Zanetta Glover
570 Broad St #114 – Newark, NJ 07102 – (973) 648-0699 – View Map - Allstate Insurance: Celia Caro
66 Wilson Ave – Newark, NJ 07105 – (973) 690-6400 – View Map - State Farm: Greg Daniels
681 1/2 Mt Prospect Ave – Newark, NJ 07104 – (973) 484-5772 – View Map
Independent Insurance Agents
Agents in the independent channel often have many company appointments so they can write business amongst many companies and get you the best rates possible. If premiums increase, the agent simply finds a different carrier which makes it simple for you.
If you need cheaper auto insurance rates, you will definitely want to get rate quotes from several independent insurance agents so that you can do a thorough price comparison. A lot of them also have access to small mutual carriers which can be an advantage.
Listed below is a list of independent insurance agencies in Newark willing to provide price quote information.
- METROPLUS INSURANCE AGENCY-BELLEVILLE
338 Washington Ave – Belleville, NJ 07109 – (973) 759-8291 – View Map - Monak Insurance
583 Central Ave – Newark, NJ 07107 – (973) 350-7850 – View Map - Arabo Insurance Group Inc
675 Bergen St – Newark, NJ 07108 – (973) 391-9595 – View Map
If you feel you receive positive responses as well as a price you’re happy with, chances are good that you have found a car insurance agent that meets your needs to properly insure your vehicles. Just remember it’s your policy and you can cancel a policy for any reason so don’t feel that you’re stuck with any specific agency indefinitely.
How to find a good Newark auto insurance company
Insuring your vehicle with a highly-rated auto insurance provider can be rather challenging considering how many companies sell coverage in New Jersey. The information shown below may help you choose which coverage providers to look at comparing price quotes from.
Top 10 Newark Car Insurance Companies Ranked by Customer Service
- Mercury Insurance
- The Hartford
- American Family
- Progressive
- GEICO
- USAA
- State Farm
- Travelers
- Farmers Insurance
- Allstate
Top 10 Newark Car Insurance Companies by A.M. Best Rank
- GEICO – A++
- Travelers – A++
- State Farm – A++
- USAA – A++
- Allstate – A+
- Nationwide – A+
- Mercury Insurance – A+
- Progressive – A+
- The Hartford – A+
- Esurance – A+
One last thing about your coverage
We just showed you many tips how you can find cheap Chevy Cobalt insurance in Newark. The most important thing to understand is the more you quote Newark auto insurance, the more likely it is that you will get a better rate. You may even find the lowest premium rates come from some of the lesser-known companies.
When trying to cut insurance costs, it’s a bad idea to skimp on coverage in order to save money. There have been many situations where an insured cut uninsured motorist or liability limits and learned later that it was a big mistake. The aim is to buy a smart amount of coverage at the lowest possible cost while not skimping on critical coverages.
Insureds change insurance companies for a number of reasons such as poor customer service, high rates after DUI convictions, being labeled a high risk driver or even denial of a claim. Regardless of your reason for switching companies, finding a new company is pretty simple and you could end up saving a buck or two.
More tips and info about insurance can be found by following these links:
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Who Has Affordable Newark Car Insurance for Nurses? (FAQ)
- Who Has Affordable Auto Insurance for College Graduates in Newark? (FAQ)
- What Auto Insurance is Cheapest for Used Cars in Newark? (FAQ)
- How Much is Newark Car Insurance for Uninsured Drivers? (FAQ)
- Who Has Affordable Auto Insurance for State Employees in Newark? (FAQ)
- Who Has Cheap Newark Car Insurance Rates for 17 Year Olds? (FAQ)
- Comprehensive Coverage (Liberty Mutual)
- Bodily Injury Coverage (Liberty Mutual)
- Distracted Driving Extends Beyond Texting (State Farm)
- Senior Drivers (Insurance Information Institute)