If you want to save money, the best way to find affordable Chrysler PT Cruiser insurance in Newark is to compare quotes once a year from insurers in New Jersey.
- Take a few minutes and learn about car insurance and the changes you can make to keep rates down. Many risk factors that result in higher rates such as traffic violations, accidents, and poor credit rating can be eliminated by making minor driving habit or lifestyle changes. This article provides additional ideas to get lower rates and earn a bigger discount.
- Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like GEICO and Allstate, while independent agencies can provide prices for a wide range of companies.
- Compare the new quotes to the price on your current policy to determine if you can save on PT Cruiser insurance in Newark. If you can save some money and make a switch, make sure coverage does not lapse between policies.
- Tell your current company to cancel your current policy and submit payment and a signed application to your new carrier. Make sure you place your new proof of insurance paperwork in your vehicle’s glove compartment or console.
One bit of advice is to try to compare the same liability limits and deductibles on each quote and and to analyze every insurance company. This helps ensure the most accurate price comparison and a better comparison of the market.
Unfortunately, most car insurance buyers have been with the same company for well over three years, and almost 40% of drivers have never quoted rates to find cheap coverage. Most drivers in Newark could save roughly $700 each year by just comparing quotes, but most undervalue the large savings they would see if they replace their high priced policy.
Coverage statistics and figures
The rate information shown below outlines detailed analysis of coverage prices for Chrysler PT Cruiser models. Learning how insurance rates are established can be useful when making smart buying decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| PT Cruiser 2WD 4-Dr | $278 | $504 | $428 | $26 | $128 | $1,364 | $114 |
| PT Cruiser 2WD 4-Dr | $278 | $504 | $428 | $26 | $128 | $1,364 | $114 |
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Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Estimates do not factor in vehicle garaging location which can lower or raise premiums considerably.
The illustration below demonstrates how deductibles and can impact Chrysler PT Cruiser yearly insurance costs for different age groups. The premiums assume a single male driver, full coverage, and no additional discounts are factored in.
Age, gender, and Chrysler PT Cruiser insurance
The chart below compares Chrysler PT Cruiser insurance rates for male and female drivers. Data assumes no accidents or driving violations, full physical damage coverage, $100 deductibles, single marital status, and no other discounts are factored in.
Should you buy full coverage?
The diagram below illustrates the difference between Chrysler PT Cruiser insurance premiums with full coverage and liability only. The data assumes no accidents or driving violations, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.
When to stop paying for full coverage
There is no written rule of when to eliminate physical damage insurance, but there is a guideline you can consider. If the yearly cost for physical damage coverage is about 10% or more of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.
For example, let’s say your Chrysler PT Cruiser book value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $3,000 after paying the physical damage deductible. If you are paying over $300 a year for comprehensive and collision coverage, then it might be time to consider dropping full coverage.
There are some cases where eliminating full coverage is not recommended. If you have an outstanding loan on your vehicle, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.
Informed Decisions Result in Lower Insurance Prices
A large part of saving on insurance is knowing the different types of things that go into determining the level of your policy premiums. If you understand what influences your rates, this enables you to make decisions that may reward you with lower rates.
The list below includes a partial list of the pieces used by companies to determine your prices.
Location can influence price – Being located in a small town has definite advantages when shopping for auto insurance. Urban drivers tend to have much more traffic and longer commute times. Less people living in that area translates into fewer accidents.
Your stress level may be raising your prices – Jobs like lawyers, airline pilots, and dentists generally pay the highest rates due to high stress and incredibly demanding work hours. Other jobs such as scientists, engineers and homemakers pay the least.
Youthful drivers pay more – Older drivers tend to be more responsible, tend to cause fewer accidents, and tend to be get fewer driving tickets. Teen drivers are known to be inattentive and easily distracted in a vehicle therefore insurance rates are much higher.
The next chart uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.
Infrequent drivers can save – The more you drive your Chrysler annually the more you’ll pay to insure it. The majority of insurers rate vehicles based on their usage. Autos left parked in the garage receive better premium rates than vehicles that have high annual mileage. An improperly rated PT Cruiser may be costing you. Make sure your policy correctly shows the proper vehicle usage, because it can save money.
Save money by eliminating extra coverages – Insurance policies have a lot of additional extra coverages that can waste your money if you aren’t diligent. Coverage for things like replacement cost coverage, accidental death, and membership fees may be costing you every month. You may think they are a good idea initially, but if you have no use for them think about removing them and cutting costs.
Vehicle risk impacts premiums – The make and model of the car or truck you need insurance for makes a big difference in your rates. Smaller low performance passenger cars generally receive the lowest base rates, but your final cost has many other factors.
The next chart is based on a married female driver age 20, full coverage with $100 deductibles, and no discounts or violations. The chart compares Chrysler PT Cruiser rates compared to other makes and models that have a range of performances.
Affordable auto insurance premiums are possible
In this article, we presented a lot of ways to reduce Chrysler PT Cruiser insurance car insurance rates online in Newark. The key concept to understand is the more providers you compare, the better your chances of lowering your premium rates. You may even find the best price on auto insurance is with a small mutual company.
When shopping online for auto insurance, it’s very important that you do not buy poor coverage just to save money. There are many occasions where someone dropped comprehensive coverage or liability limits and learned later that it was a big mistake. The ultimate goal is to buy a smart amount of coverage at the lowest possible cost.
Discount Chrysler PT Cruiser insurance in Newark is attainable both online and from local agencies, and you need to price shop both to have the best selection. A few companies do not offer online quoting and most of the time these small, regional companies only sell coverage through independent agencies.
More detailed auto insurance information can be read in these articles:
- How Much Auto Coverage do I Need? (Insurance Information Institute)
- Who Has the Cheapest Auto Insurance for 18 Year Olds in Newark? (FAQ)
- Who Has the Cheapest Auto Insurance for a 20 Year Old Female in Newark? (FAQ)
- Who Has Affordable Newark Auto Insurance Quotes for Hybrid Vehicles? (FAQ)
- Who Has Affordable Newark Auto Insurance for Teenage Females? (FAQ)
- How Much are Newark Auto Insurance Rates for Government Employees? (FAQ)
- Vehicle Insurance in the U.S. (Wikipedia)
- What is Full Coverage? (Allstate)