Are you overwhelmed by the crazy number of auto insurance companies in New Brunswick? You’re not the only one! People have so many choices that it can easily become a challenge to locate the lowest price.
You need to price shop coverage before your policy renews since insurance rates are usually higher with each renewal. Just because you had the lowest rates last year you can probably find a better price now. So forget anything you know (or think you know) about auto insurance because it’s time to teach you the best methods to save on auto insurance.
There are a variety of methods you can shop for auto insurance but there is one way that is more efficient than others. You could waste a few hours talking about coverages with local insurance agents in New Brunswick, or you can stay home and use online quotes to get rate comparisons in just a few minutes.
Most major companies are enrolled in a marketplace that allows shoppers to enter their policy data once, and every company can give them a price based on the submitted data. This eliminates the need for quote forms for each company you want a rate for.
To enter your information into the quoting system, click to open in new window.
The one disadvantage to pricing coverage this way is you are unable to specify which companies you want pricing from. If you would rather choose from a list of companies to compare prices, we have a page of companies who write auto insurance in New Jersey. Click here to view list.
It doesn’t matter which method you choose, just make sure you use the exact same coverage information for every quote you compare. If you have different limits and deductibles on each one you will not be able to determine which rate is truly the best in New Brunswick.
New Jersey drivers can’t ignore all the ads that promise big savings from companies such as Progressive, Allstate and GEICO. All the ads make an identical promise about savings if you move your policy.
But how can every company say the same thing?
Different companies have a preferred profile for the driver they prefer to insure. For instance, a desirable insured might be between 25 and 40, owns a home, and drives less than 10,000 miles a year. A propective insured that hits that “sweet spot” is entitled to the best price and most likely will save when switching.
Potential customers who do not match the requirements will be charged higher prices which leads to the driver buying from a lower-cost company. The ad wording is “people who switch” not “people who quote” save that kind of money. This is how companies can make the claims of big savings. That is why drivers must compare as many rates as you can. You cannot predict the company that will fit your personal profile best.
Smart consumers have a good feel for the rating factors that come into play when calculating the price you pay for auto insurance. Having a good understanding of what controls the rates you pay helps enable you to make changes that can help you get big savings.
The list below includes some of the factors that factor into your rates.
Auto insurance companies do not advertise every discount very well, so we took the time to find both the well known as well as the least known savings tricks you should be using. If you don’t get every credit you deserve, you are paying more than you should be.
It’s important to understand that many deductions do not apply to the overall cost of the policy. Some only apply to specific coverage prices like comprehensive or collision. Even though it may seem like having all the discounts means you get insurance for free, auto insurance companies aren’t that generous.
For a list of insurance companies with discount auto insurance rates in New Jersey, click this link.
We’ve covered many ways to save on auto insurance. The most important thing to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. You may even find the most savings is with a lesser-known regional company.
Budget-conscious auto insurance can be purchased from both online companies and with local New Brunswick insurance agents, so you should compare both to have the best chance of lowering rates. Some insurance companies do not offer online price quotes and usually these smaller companies provide coverage only through local independent agents.
When shopping online for auto insurance, do not buy lower coverage limits just to save a few bucks. There are too many instances where an insured cut physical damage coverage to discover at claim time they didn’t purchase enough coverage. The ultimate goal is to purchase plenty of coverage at an affordable rate while still protecting your assets.
More tips and info about auto insurance can be found at the New Jersey Department of Banking and Insurance website. Visitors are able to download brochures, find out which companies have the most complaints, and view agent and company licensing information.