Unimaginable but true, most car insurance buyers have stayed with the same insurance company for four years or more, and 38% of drivers have never even compared quotes to find cheaper rates. New Jersey insurance shoppers could pocket up to 40% a year by just shopping around, but they just assume it’s a time-consuming process to compare rate quotes online.
It takes a few minutes, but the best way to get low-cost Lexus IS 200t insurance in Newark is to begin comparing prices regularly from insurers who provide auto insurance in New Jersey.
- Step 1: Take a few minutes and learn about coverages and the steps you can take to drop your rates. Many things that cause rate increases like careless driving and a poor credit score can be amended by making small lifestyle or driving habit changes.
- Step 2: Obtain price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can provide rates from one company like Progressive or State Farm, while independent agencies can provide prices from many different companies. View prices
- Step 3: Compare the quotes to your existing coverage and see if there is a cheaper rate. If you find a lower rate quote, make sure coverage does not lapse between policies.
- Step 4: Tell your current company of your intention to cancel the current policy and submit the application along with any required down payment to the new insurer. Immediately keep the new proof of insurance paperwork in a readily accessible location in your vehicle.
The key thing to remember is that you use the same level of coverage on each price quote and and to get rate quotes from every company you can. This enables a fair price comparison and and a good selection of different prices.
If you have car insurance now, you should be able to shop for the lowest rates using this strategy. Shopping for the best car insurance in Newark can be fairly easy. But New Jersey car owners should learn how companies sell insurance online and apply this information to your search.
The most recommended method to get policy rate comparisons for Lexus IS 200t insurance in Newark takes advantage of the fact almost all companies will pay a fee to compare their rates. To begin a comparison, all you need to do is provide information like whether you are married, if you are currently licensed, deductibles desired, and whether your vehicle is owned or leased. Your insurance information is instantly provided to many highly-rated insurers and they provide comparison quotes within a short period of time.
To compare rates for your Lexus IS 200t now, click here and enter your zip code.
The companies in the list below provide free rate quotes in New Jersey. If you wish to find the best car insurance in NJ, we suggest you click on several of them in order to find the most affordable rates.
Verify you’re getting every discount
Auto insurance companies don’t always advertise every available discount in a way that’s easy to find, so the below list has both well-publicized and the more hidden insurance savings.
- Anti-theft Discount – Cars that have factory anti-theft systems have a lower chance of being stolen and that can save you a little bit as well.
- Multi-Vehicle Discounts – Purchasing coverage when you have multiple cars or trucks on a single policy could earn a price break for each car.
- Responsible Driver Discount – Drivers without accidents can save up to 40% or more on their Newark car insurance quote than drivers with accident claims.
- Discount for Life Insurance – If the company offers life insurance, you could get a discounted rate on car insurance if you buy life insurance from them.
- Membership in Organizations – Having an affiliation with qualifying clubs or civic groups could trigger savings on your next insurance statement.
- Early Payment Discounts – If paying your policy premium upfront instead of paying each month you can avoid monthly service charges.
- Bundled Policy Discount – If you have multiple policies with one insurance company you could save nearly 15% which can help you find the cheapest Lexus IS 200t insurance in Newark.
- Military Deployment Discount – Having an actively deployed family member could be rewarded with lower prices.
Discounts save money, but please remember that most credits do not apply to your bottom line cost. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. So even though you would think all those discounts means the company will pay you, companies don’t profit that way. But any discount will help lower the cost of coverage.
Insurance companies that may offer these discounts include:
When getting a coverage quote, ask all companies you are considering how you can save money. A few discounts may not be available in your area. If you would like to see a list of providers with significant discounts in Newark, click here.
Why You Might Pay Lower Rates in Newark
Many things are part of the equation when you quote your car insurance policy. Most are fairly basic such as traffic violations, but other criteria are not quite as obvious like your vehicle usage or how financially stable you are. Smart consumers have a good feel for some of the factors that aid in calculating your insurance rates. If you understand what controls the rates you pay, this allows you to make good choices that can earn you lower insurance prices.
The following are some of the major factors insurance companies consider when setting premiums.
Be proud to be claim-free – If you file a lot of claims you should expect either policy cancellation or increased premiums. Auto insurance companies in New Jersey generally give better rates to drivers who are not frequent claim filers. Your car insurance is intended to be relied upon for more catastrophic claims.
Rate your vehicle for proper use – The more miles you rack up on your Lexus in a year’s time the higher your rates will be. The majority of insurers calculate prices based upon how much you drive. Cars and trucks not used for work or commuting can get a lower rate compared to those used for work or business. Double check that your insurance policy is showing the correct driver usage, because it can save money. An improperly rated IS 200t may be costing you.
Better insurance rates for continuous insurance coverage – Driving your car without having proper coverage can get you a ticket and any future policy may cost more because you let your coverage cancel without a new policy in place. Not only will you pay more, getting caught without coverage could earn you a fine, jail time, or a revoked license. You will then be forced to submit proof of financial responsibility or a SR-22 with the New Jersey motor vehicle department.
Pay less with a high safety rating – Vehicles with high crash test scores tend to have lower insurance rates. Highly rated vehicles help reduce the chance of injuries in an accident and better occupant protection translates into savings for insurance companies and cheaper rates on your policy. If your Lexus IS 200t has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you may pay a lower rate.
Save money by having multiple policies – Lots of insurance companies allow a discount to insureds who carry more than one policy in the form of a multi-policy discount. Even if you already get this discount, it’s still a good idea to compare Lexus IS 200t rates in Newark to make sure you are getting the best deal.
Younger drivers pay higher rates – Older, more experienced drivers are more cautious drivers, file fewer claims, and are safer drivers. Youthful drivers are proven to be more careless with other occupants in the car so insurance rates are higher.
Insurance prices and vehicle performance – The type of car or truck you own makes a substantial difference in your car insurance bill. The most favorable rates will generally be found on lower cost passenger models, but the final cost of insurance is determined by many other factors.
Single drivers take more risk – Having a wife or husband can actually save you money on insurance. Having a significant other demonstrates that you tend to be more stable financially it has been statistically shown that being married results in fewer claims.
Compare prices but work with a neighborhood Newark auto insurance agent
Certain consumers would prefer to get professional advice from a licensed agent and that is just fine! The biggest benefit of comparing rate quotes online is that you can obtain better rates and also buy local. And providing support for local agents is definitely important in Newark.
To help locate an agent, after submitting this form (opens in new window), your information is instantly submitted to local insurance agents in Newark that can provide free Newark car insurance quotes for your insurance coverage. You don’t have to contact any agents since rate quotes are delivered immediately to you. You can most likely find cheaper rates without requiring a lot of work. In the event you want to quote rates for a specific company, just go to their quote page and fill out their quote form.
If you’re trying to find a local insurance agency, it’s helpful to know the different types of agents and how they can quote your rates. Insurance agents in Newark can either be independent or exclusive depending on the company they work for.
Independent Insurance Agents
Agents in the independent channel are normally appointed by many insurers and that allows them to write policies with lots of companies and possibly get better coverage at lower prices. To transfer your coverage to a different company, your agent can just switch to a different company which requires no work on your part.
If you are comparing insurance prices, we recommend you include several independent agencies for maximum quote selection. They often place coverage with companies you’ve never heard of that may provide cheaper insurance rates.
The following is a list of independent insurance agencies in Newark that may be able to provide pricing information.
- Newark Cheaper Auto Insurance
11 Mulberry St – Newark, NJ 07102 – (206) 337-9544 – View Map - Monak Insurance
583 Central Ave – Newark, NJ 07107 – (973) 350-7850 – View Map - Rosa, Michael Rosa Agency INC
360 Lafayette St – Newark, NJ 07105 – (973) 589-7550 – View Map
Exclusive Insurance Agencies
Agents that elect to be exclusive work for only one company such as AAA, State Farm, Farmers Insurance, and Allstate. They generally cannot place coverage with different providers so they really need to provide good service. These agents are usually quite knowledgeable on what they offer which can be an advantage. Consumers often use the same exclusive agent primarily because of the brand name and the convenience of having all coverages with one company.
Below is a short list of exclusive insurance agents in Newark that can give you comparison quotes.
- Farmers Insurance – Anthony Pugliese
41 Wilson Ave – Newark, NJ 07105 – (973) 732-2105 – View Map - State Farm: Greg Daniels
681 1/2 Mt Prospect Ave – Newark, NJ 07104 – (973) 484-5772 – View Map - State Farm: Zanetta Glover
570 Broad St #114 – Newark, NJ 07102 – (973) 648-0699 – View Map
Deciding on a insurance agent should depend on more than just a cheap price. The answers to these questions are important, too.
- What are the financial ratings for the companies they represent?
- Do they assist clients in filing claims?
- Does the quote include credit and driving reports?
- Do they have designations such as AIC, CPCU, or CIC?
- Do they have a Better Business Bureau rating in Newark?
- Will they give you a referral list?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- Do they regularly work with personal auto policies in Newark?
After you get good responses to any questions you may have and a low price estimate, you’ve probably found an insurance agent that is professional and can properly insure your vehicles. Just understand that it’s your coverage and you can cancel your policy whenever you want so don’t think that you are obligated to a specific agent for a certain time period.
In conclusion
People leave their current company for a number of reasons such as policy non-renewal, being labeled a high risk driver, high prices or delays in paying claims. It doesn’t matter why you want to switch switching auto insurance companies can be easier than you think.
As you restructure your insurance plan, make sure you don’t skimp on coverage in order to save money. There are too many instances where an insured cut comprehensive coverage or liability limits only to regret at claim time that their decision to reduce coverage ended up costing them more. Your objective should be to purchase plenty of coverage at a price you can afford, but do not sacrifice coverage to save money.
Some companies may not offer online price quotes and many times these regional carriers prefer to sell through independent agencies. Lower-priced auto insurance in Newark can be bought both online in addition to local insurance agencies, and you should compare rates from both to have the best chance of lowering rates.
More information is located at the links below
- Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)
- Who Has the Cheapest Auto Insurance for a Ford F-150 in Newark? (FAQ)
- Who Has Cheap Auto Insurance Rates for Veterans in Newark? (FAQ)
- Who Has Cheap Newark Auto Insurance for College Students? (FAQ)
- Who Has the Cheapest Car Insurance for Young Drivers in Newark? (FAQ)
- How Much is Auto Insurance for a Chevrolet Equinox in Newark? (FAQ)
- Who Has the Cheapest Newark Car Insurance Rates for Welfare Recipients? (FAQ)
- Cellphones, Texting and Driving (iihs.org)
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
- Credit and Insurance Scores (Insurance Information Institute)
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)