Really, the only way to get budget Hyundai Genesis insurance in Newark is to start comparing rates regularly from different companies who can sell car insurance in New Jersey.
Step 1: Try to understand the different coverages in a policy and the changes you can make to keep rates down. Many things that are responsible for high rates such as traffic violations, accidents, and poor credit history can be amended by making small lifestyle or driving habit changes.
Step 2: Get rate quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only quote rates from one company like GEICO or Farmers Insurance, while independent agencies can give you price quotes for a wide range of insurance providers. View a list of agents
Step 3: Compare the new rate quotes to your current policy premium to see if switching to a new carrier will save money. If you can save some money and buy the policy, ensure there is no coverage lapse between policies.
Step 4: Notify your agent or company to cancel the current policy. Submit payment and a signed application to the new company. As soon as you have the new policy, put the certificate verifying proof of insurance with the vehicle registration.
One key aspect of rate comparisons is that you use the same liability limits and deductibles on each price quote and and to get price estimates from every insurance company. Doing this enables a level playing field and maximum price selection.
Everyone knows that auto insurance companies don’t want you to look for cheaper rates. People who get price quotes annually are likely to switch car insurance companies because there are good odds of finding a more affordable policy premium. A recent car insurance study revealed that drivers who shopped around every year saved $865 a year compared to drivers who don’t regularly compare prices.
If finding the lowest rates on auto insurance in Newark is your target objective, then knowing how to quote and compare insurance can help make the process easier.
Low Cost companies for Hyundai Genesis insurance in New Jersey
The auto insurance companies shown below are our best choices to provide free quotes in New Jersey. To locate the cheapest car insurance in Newark, NJ, we suggest you visit as many as you can to find the most competitive auto insurance rates.
Insurance rate breakdown
The premium information below outlines a range of insurance policy prices for Hyundai Genesis models. Understanding more about how rates are determined can be useful when making informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Genesis 2.0T 2-Dr Coupe | $330 | $670 | $612 | $36 | $184 | $1,832 | $153 |
| Genesis 3.8 4-Dr Sedan | $368 | $582 | $416 | $24 | $124 | $1,514 | $126 |
| Genesis 2.0T Premium 2-Dr Coupe | $368 | $670 | $612 | $36 | $184 | $1,870 | $156 |
| Genesis 3.8 2-Dr Coupe | $368 | $670 | $612 | $36 | $184 | $1,870 | $156 |
| Genesis 2.0T Track 2-Dr Coupe | $368 | $670 | $612 | $36 | $184 | $1,870 | $156 |
| Genesis 3.8 Grand Touring 2-Dr Coupe | $368 | $670 | $612 | $36 | $184 | $1,870 | $156 |
| Genesis 4.6 4-Dr Sedan | $368 | $670 | $416 | $24 | $124 | $1,602 | $134 |
| Genesis 3.8 Track 2-Dr Coupe | $368 | $760 | $612 | $36 | $184 | $1,960 | $163 |
| Get Your Own Custom Quote Go | |||||||
Table data represents 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, multi-vehicle, homeowner, claim-free, and safe-driver. Information does not factor in specific zip code location which can alter price quotes considerably.
Higher deductibles lower rates
One frequently asked question is the level to set your comp and collision deductibles. The tables below lay out the premium difference when you choose different policy deductibles. The first rate quote example uses a $250 comprehensive and collision deductible and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Genesis 2.0T 2-Dr Coupe | $420 | $848 | $600 | $36 | $180 | $2,109 | $176 |
| Genesis 3.8 4-Dr Sedan | $466 | $738 | $408 | $24 | $122 | $1,783 | $149 |
| Genesis 2.0T Premium 2-Dr Coupe | $466 | $848 | $600 | $36 | $180 | $2,155 | $180 |
| Genesis 3.8 2-Dr Coupe | $466 | $848 | $600 | $36 | $180 | $2,155 | $180 |
| Genesis 2.0T Track 2-Dr Coupe | $466 | $848 | $600 | $36 | $180 | $2,155 | $180 |
| Genesis 3.8 Grand Touring 2-Dr Coupe | $466 | $848 | $600 | $36 | $180 | $2,155 | $180 |
| Genesis 4.6 4-Dr Sedan | $466 | $848 | $408 | $24 | $122 | $1,893 | $158 |
| Genesis 3.8 Track 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 |
|---|---|---|---|---|---|---|---|
| Genesis 2.0T 2-Dr Coupe | $340 | $684 | $600 | $36 | $180 | $1,840 | $153 |
| Genesis 3.8 4-Dr Sedan | $380 | $594 | $408 | $24 | $122 | $1,528 | $127 |
| Genesis 2.0T Premium 2-Dr Coupe | $380 | $684 | $600 | $36 | $180 | $1,880 | $157 |
| Genesis 3.8 2-Dr Coupe | $380 | $684 | $600 | $36 | $180 | $1,880 | $157 |
| Genesis 2.0T Track 2-Dr Coupe | $380 | $684 | $600 | $36 | $180 | $1,880 | $157 |
| Genesis 3.8 Grand Touring 2-Dr Coupe | $380 | $684 | $600 | $36 | $180 | $1,880 | $157 |
| Genesis 4.6 4-Dr Sedan | $380 | $684 | $408 | $24 | $122 | $1,618 | $135 |
| Genesis 3.8 Track 2-Dr Coupe | $380 | $774 | $600 | $36 | $180 | $1,970 | $164 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Premium costs do not factor in zip code location which can raise or lower premiums significantly.
Based on the data above, we can derive that using a $250 deductible costs about $23 more each month or $276 a year than buying the higher $500 deductible. Since the policyholder would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to have at least 11 months between claims, you would probably come out ahead if you elect the higher deductible.
How to determine if raising deductibles makes sense
| Average monthly premium for $250 deductibles: | $174 |
| Average monthly premium for $500 deductibles (subtract): | – $151 |
| Monthly savings from raising deductible: | $23 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $23 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 11 months |
An important thing to remember is that increasing deductibles to save money results in more money out-of-pocket when you have a physical damage claim. That will necessitate enough money stashed away in the event you have to pay the deductible for vehicle repair.
Auto insurance premiums by gender
The information below visualizes the comparison of Hyundai Genesis auto insurance rates for male and female drivers. The costs are based on no tickets, no at-fault accidents, full physical damage coverage, $500 deductibles, single status, and no additional discounts are factored in.
Slash your auto insurance rates with discounts
Properly insuring your vehicles can get expensive, but you may qualify for discounts that you may not even be aware of. Certain discounts will be applied at quote time, but some discounts are required to be specifically requested before you will receive the discount.
- Senior Discount – If you’re over the age of 55, you can possibly qualify for a discount up to 10%.
- Homeowners Savings – Being a homeowner may trigger a policy discount on auto insurance due to the fact that maintaining a home requires a higher level of personal finance.
- Pay Upfront and Save – By paying your entire bill at once instead of making monthly payments you may reduce your total bill.
- Good Students Pay Less – A discount for being a good student may save you up to 25%. This discount can apply until age 25.
- Anti-lock Brakes – Cars, trucks, and SUVs with ABS and/or traction control have fewer accidents so companies give up to a 10% discount.
- Auto/Life Discount – Select insurance companies reward you with a discounted premium rate on car insurance if you buy life insurance from them.
You can save money using discounts, but most of the big mark downs will not be given to all coverage premiums. A few only apply to the price of certain insurance coverages like comprehensive or collision. So even though it sounds like adding up those discounts means a free policy, auto insurance companies aren’t that generous.
The illustration below compares Hyundai Genesis car insurance costs with and without discounts. The premiums are based on a male driver, no claims, a clean driving record, New Jersey state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, multi-policy, marriage, claim-free, and safe-driver discounts applied.
Larger auto insurance companies and some of the discounts are detailed below.
- State Farm includes discounts for Steer Clear safe driver discount, good driver, passive restraint, student away at school, anti-theft, and Drive Safe & Save.
- American Family offers premium reductions for defensive driver, good driver, good student, multi-vehicle, accident-free, and Steer into Savings.
- AAA discounts include pay-in-full, multi-car, AAA membership discount, anti-theft, multi-policy, and good driver.
- GEICO may offer discounts for membership and employees, defensive driver, seat belt use, five-year accident-free, and military active duty.
- Mercury Insurance has savings for location of vehicle, type of vehicle, anti-theft, professional/association, and good student.
- Farmers Insurance offers discounts for bundle discounts, business and professional, early shopping, distant student, electronic funds transfer, switch companies, and homeowner.
- Progressive may include discounts for multi-vehicle, continuous coverage, good student, online quote discount, multi-policy, homeowner, and online signing.
If you are trying to find cheaper Newark car insurance quotes, ask every company which discounts can lower your rates. Savings might not be offered in Newark.
Car insurance agents can find coverage gaps
Some people prefer to get advice from a local agent and doing that can be a smart decision Professional insurance agents will help you protect your assets and help you file claims. A good thing about getting online price quotes is the fact that you can find the best rates but also keep your business local. Buying from small agencies is especially important in Newark.
Upon completion of this quick form, your information is sent to insurance agents in Newark who can give free rate quotes to get your business. There is no reason to search for an agent as quotes are delivered to your email. If you need to get a price quote from a specific company, don’t hesitate to search and find their rate quote page and complete a quote there.
Compare rates from both independent and exclusive auto insurance agents
If you’re trying to find an insurance agent, you should know the different types of agents and how they operate. Car insurance agents in Newark can be described as either independent (non-exclusive) or exclusive. Both types can write policy coverage, but it is important to understand the difference in how they write coverage because it can influence the type of agent you choose.
Independent Agents
Independent insurance agents do not have single company limitations so as a result can place your coverage through lots of different companies and find you cheaper rates. If premiums increase, the agent simply finds a different carrier without you having to go to a different agency.
When comparing car insurance prices, you should always include price quotes from a couple of independent agencies for the best price selection. Most independent agents also contract with lesser-known insurance companies that may provide cheaper car insurance rates.
Shown below is a small list of independent insurance agencies in Newark that may be able to provide rate quotes.
- Cheap Car Insurance Quotes Auto Newark NJ
268 W KINNEY ST – Newark, NJ 07103 – (888) 290-0635 – View Map - Newark Cheaper Auto Insurance
11 Mulberry St – Newark, NJ 07102 – (206) 337-9544 – View Map - METROPLUS INSURANCE AGENCY-BELLEVILLE
338 Washington Ave – Belleville, NJ 07109 – (973) 759-8291 – View Map
Exclusive Car Insurance Agents
These type of agents can only provide pricing for a single company like Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents are unable to provide rate quotes from other companies so they really need to provide good service. These agents are highly trained on their company’s products which helps overcome the inability to quote other rates. Consumers frequently buy insurance from these agents mostly because of loyalty to the company and the convenience of having all coverages with one company.
Listed below are Newark exclusive agencies that can give you rate quotes.
- State Farm: Greg Daniels
681 1/2 Mt Prospect Ave – Newark, NJ 07104 – (973) 484-5772 – View Map - Allstate Insurance: Celia Caro
66 Wilson Ave – Newark, NJ 07105 – (973) 690-6400 – View Map - State Farm: Zanetta Glover
570 Broad St #114 – Newark, NJ 07102 – (973) 648-0699 – View Map
Choosing an car insurance agent needs to be determined by more than just the premium amount. Ask your prospective agent these questions:
- Are they primarily personal or commercial lines agents in Newark?
- Can they help ensure a fair claim settlement?
- Is the agency covered by Errors and Omissions coverage?
- Do they have 24-hour customer assistance?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
After talking to the agent and getting good responses and an affordable coverage quote, you have narrowed it down to an auto insurance agent that is reputable and can properly service your car insurance policy. Just keep in mind consumers can cancel a policy whenever you wish so never assume you are locked into any specific company for the full policy term.
Ratings for New Jersey car insurance companies
Picking a high-quality car insurance company can be rather challenging considering how many different companies there are to choose from in New Jersey. The company ratings shown below can help you pick which auto insurers you want to consider when comparing rate quotes.
Top 10 Newark Car Insurance Companies Overall
- Mercury Insurance
- The Hartford
- Progressive
- Travelers
- State Farm
- Farmers Insurance
- Safeco Insurance
- USAA
- GEICO
- 21st Century
Top 10 Newark Car Insurance Companies Ranked by Claims Service
- Progressive
- USAA
- Liberty Mutual
- GEICO
- State Farm
- Nationwide
- Allstate
- 21st Century
- The Hartford
- Farmers Insurance
Cheap insurance premiums are possible
Discount Hyundai Genesis insurance in Newark can be purchased from both online companies in addition to many Newark insurance agents, and you should compare price quotes from both so you have a total pricing picture. There are still a few companies who do not provide online quoting and many times these small, regional companies sell through independent agencies.
When getting Newark car insurance quotes online, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are a lot of situations where drivers have reduced liability limits or collision coverage only to regret at claim time they didn’t have enough coverage. The goal is to purchase plenty of coverage at a price you can afford, but do not sacrifice coverage to save money.
Drivers change insurance companies for any number of reasons including extreme rates for teen drivers, high prices, policy non-renewal or being labeled a high risk driver. Regardless of your reason for switching companies, switching insurance companies can be pretty painless.
To learn more, link through to the resources below:
- How to Avoid Staged Accidents (State Farm)
- How Much are Car Insurance Quotes for Active Military in Newark? (FAQ)
- Who Has Affordable Auto Insurance for College Graduates in Newark? (FAQ)
- Who Has Affordable Auto Insurance for Police Officers in Newark? (FAQ)
- Understanding your Policy (NAIC.org)
- Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)
- Choosing an Insurance Company (Insurance Information Institute)
- Top Signs Your Brakes are Giving Out (State Farm)