Save Money on Ford Flex Insurance in Newark

Are you searching for low-cost Ford Flex insurance in Newark? Did a good deal turn out to be an overpriced insurance policy? Trust us, there are lots of Newark residents who feel the same.

A recent NerdWallet.com study revealed that a large majority of drivers in New Jersey kept their coverage with the same insurance company for well over three years, and about 40% of consumers have never compared rates to find cheaper insurance. Many consumers in the United States could save almost 47% every year, but they don’t want to take the time to do a rate comparison.

Lots of insurance companies contend to insure your vehicles, so it’s not easy to compare every company and get the definite lowest cost out there.

If you currently have a car insurance policy, you will definitely be able to buy cheaper car insurance using these techniques. Finding the cheapest coverage in Newark is quite easy. Nevertheless, New Jersey vehicle owners must comprehend the way insurance companies sell online.

Rates and other information

The information shown below highlights detailed analysis of insurance prices for Ford Flex models. Having insight into how policy rates are figured is important for you to make decisions on the best policy coverages.

Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Table data does not factor in specific location information which can lower or raise coverage prices noticeably.

Deductible analysis

The hardest decision when buying coverage is how high or low should comp and collision deductibles be. The following insurance rates approximate the rate fluctuation when you buy lower versus higher insurance deductibles. The first set of rates uses a $250 deductible for physical damage and the second rate table uses a $500 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Information does not factor in the specific area where the vehicle is garaged which can decrease or increase premium rates considerably.

We can derive from the above data that using a $250 deductible will cost you about $21 more each month or $252 for a full year than buying the higher $500 deductible. Since you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you average more than 12 months between claims, you would come out ahead if you elect the higher deductible.

Insurance discounts help lower rates for Ford Flex insurance in Newark

Insurance can cost an arm and a leg, but you can get discounts that may help make it more affordable. Certain reductions will be credited when you complete an application, but a few must be asked about prior to receiving the credit.

• Discount for Low Mileage – Low annual miles may enable drivers to earn lower premium rates due to less chance of an accident.
• Good Students Pay Less – Maintaining excellent grades may save as much as 25% on a Newark auto insurance quote. Most companies allow this discount up until you turn 25.
• Discount for New Cars – Buying a new car model can save up to 30% because newer models keep occupants safer.
• Payment Method – By paying your policy upfront rather than spreading payments over time you can avoid the installment charge.
• Theft Deterrent – Cars optioned with advanced anti-theft systems are stolen with less frequency and will save you 10% or more on Flex insurance in Newark.
• Home Ownership Discount – Simply owning a home can save a few bucks due to the fact that maintaining a home requires a higher level of personal finance.
• Student Discount for Driver Training – Teen drivers should successfully take a driver’s education course if offered at their school.
• Federal Employees – Federal government employees could cut as much as 10% off depending on your company.
• Auto/Home Discount – If you can bundle your auto and home insurance with the same insurance company you could save at least 10% off all policies.

Policy discounts save money, but most of the big mark downs will not be given to all coverage premiums. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Just because it seems like you could get a free insurance policy, it just doesn’t work that way. But all discounts should help reduce the premium cost.

The chart below visualizes the comparison of Ford Flex insurance costs with and without discounts applied to the policy premium. The premium estimates are based on a female driver, a clean driving record, no at-fault accidents, New Jersey state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, marriage, homeowner, multi-car, and safe-driver discounts applied.

A few popular companies and their offered discounts are detailed below.

• State Farm has discounts for defensive driving training, multiple policy, anti-theft, safe vehicle, driver’s education, and student away at school.
• American Family includes discounts for air bags, multi-vehicle, early bird, accident-free, TimeAway discount, Steer into Savings, and good driver.
• AAA may offer discounts for good student, anti-theft, AAA membership discount, pay-in-full, multi-car, good driver, and multi-policy.
• GEICO offers discounts for good student, defensive driver, anti-theft, driver training, seat belt use, and five-year accident-free.
• Mercury Insurance may have discounts that include anti-theft, age of vehicle, multi-car, good student, good driver, professional/association, and accident-free.
• Farmers Insurance policyholders can earn discounts including switch companies, homeowner, business and professional, electronic funds transfer, youthful driver, multi-car, and alternative fuel.
• Progressive offers discounts including homeowner, online signing, good student, multi-policy, continuous coverage, online quote discount, and multi-vehicle.

If you need lower rates, check with each insurance company to give you their best rates. Some of the discounts discussed earlier may not apply to policyholders in Newark. For a list of companies who offer discounts in New Jersey, follow this link.

What auto insurance coverages do you need?

Having a good grasp of a auto insurance policy can help you determine which coverages you need for your vehicles. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. Listed below are the normal coverages available from auto insurance companies.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for doctor visits, funeral costs, chiropractic care, nursing services and prosthetic devices. The coverages can be used in conjunction with a health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like a tree branch falling on your vehicle, a broken windshield and damage from a tornado or hurricane. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Liability insurance

Liability insurance can cover injuries or damage you cause to other people or property that is your fault. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 15/30/5 that means you have $15,000 bodily injury coverage, a per accident bodily injury limit of $30,000, and a limit of $5,000 paid for damaged property.

Liability can pay for claims such as medical expenses, repair bills for other people’s vehicles and medical services. The amount of liability coverage you purchase is up to you, but buy as large an amount as possible. New Jersey state minimum liability requirements are 15/30/5 but you should think about purchasing better liability coverage.

The next chart shows why buying minimum limits may not provide adequate coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. It can pay for injuries to you and your family and damage to your Ford Flex.

Due to the fact that many New Jersey drivers have only the minimum liability required by law (15/30/5 in New Jersey), their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.

Collision protection

Collision insurance will pay to fix damage to your Flex resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for things such as sideswiping another vehicle, backing into a parked car, scraping a guard rail and colliding with a tree. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible on your Flex in order to get cheaper collision rates.

You can find cheap coverage

Some car insurance companies do not provide online price quotes and usually these smaller providers provide coverage only through local independent agents. Cheaper car insurance in Newark can be sourced online and with local Newark insurance agents, so you need to compare both so you have a total pricing picture.

We just presented some good ideas how to compare Ford Flex insurance prices in Newark. The key thing to remember is the more quotes you get, the better likelihood of getting low cost Newark auto insurance quotes. You may even be surprised to find that the best prices are with a small local company. Some small companies can often provide lower rates in certain areas than the large multi-state companies such as Allstate, GEICO and Progressive.

Steps to finding low-cost Ford Flex insurance in Newark

To save the most money, the best way to get low-cost Ford Flex insurance is to compare prices at least once a year from different companies that insure vehicles in Newark. Prices can be compared by completing these steps.

1. Get an understanding of auto insurance and the changes you can make to prevent high rates. Many risk factors that drive up the price such as speeding and an unacceptable credit score can be eliminated by making minor changes in your lifestyle.
2. Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can give quotes from a single company like GEICO or State Farm, while agents who are independent can give you price quotes from multiple insurance companies.
3. Compare the new rates to the price on your current policy to see if switching to a new carrier will save money. If you can save money and switch companies, make sure coverage does not lapse between policies.

One key aspect of rate comparisons is that you use identical coverage information on every price quote and and to get quotes from as many companies as you can. Doing this guarantees a fair price comparison and a better comparison of the market.

Much more information about car insurance in New Jersey can be read at these links:

• Insurance losses by make and model (Insurance Institute for Highway Safety)
• Who Has Affordable Newark Auto Insurance for Infrequent Drivers? (FAQ)
• New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
• Auto Theft Statistics (Insurance Information Institute)