Never Shop For Bayonne, NJ Auto Insurance Without Knowing These Money Saving Tricks

Shopping for cheap Bayonne auto insurance on the web may be intimidating for consumers not familiar with shopping for insurance online. With dozens of insurance companies available, how can anyone possibly compare them all to find the best pricing?

If you currently have a car insurance policy, you stand a good chance to be able to cut costs considerably using this information. Buying more affordable coverage in Bayonne is easy if you know what you’re doing. But New Jersey vehicle owners can benefit by having an understanding of how the larger insurance companies determine prices and take advantage of how the system works.

How to Compare Auto Insurance in Bayonne, NJ

There are several ways to get quotes from local in Bayonne, NJauto insurance companies. The quickest method to find competitive insurance rates consists of obtaining rate quotes online. It is quite easy and can be accomplished in several different ways.

  1. The most efficient way to find the lowest comparison rates is a comparison rater form (click to open form in new window). This form keeps you from doing separate quotation requests for each company you want a rate for. A single, simple form gets you price quotes from multiple companies. Just one form and you’re done.
  2. A harder way to find lower rates is to take the time to go to each individual company website and request a quote. For example, we’ll pretend you want to compare Nationwide, Progressive and State Farm. To get each rate you have to visit each site and enter your information, which is why the first method is quicker. To view a list of companies in Bayonne, click here.
  3. The hardest method to get comparison rates to local insurance agencies. The internet has reduced the need for local agents unless you prefer the personal advice only provided by licensed agents. However, consumers can compare online quotes and get advice from an agent in your area and we’ll touch on that later.

It doesn’t matter which method you choose, just ensure you are comparing identical coverage limits for every quote you compare. If you are comparing different limits and deductibles on each one it’s not possible to decipher which rate is best in Bayonne. Just a small difference in limits can mean a large discrepancy in price. And when price shopping your coverage, comparing a large number of companies helps you find the best offered rates.

Save $438 a year. For real?

Companies like State Farm, GEICO and Progressive consistently run television and radio advertisements. All the ads make the same claim that you’ll save big if you change to their company. But how can every company claim to save you money? This is how they do it.

All companies have a preferred profile for the type of customer that makes them money. For example, a preferred risk could be between the ages of 40 and 55, owns a home, and has great credit. A customer getting a price quote that hits that “sweet spot” will qualify for the lowest rates and therefore will save when switching.

Consumers who do not match this ideal profile must pay higher prices and ends up with the customer not buying. The ads state “people who switch” but not “drivers who get quotes” save that much. That is how companies can truthfully make those claims.

This illustrates why you absolutely need to get quotes from several different companies. It’s just too difficult to predict which insurance companies will fit your personal profile best.New Jersey auto insurance

Policy discounts you shouldn’t miss

Insuring your fleet can be pricey, but you can get discounts that you may not even be aware of. Some discounts apply automatically at quote time, but some must be inquired about before you will receive the discount.

  • Federal Employees – Simply working for the federal government may qualify you for a discount with select insurance companies.
  • Good Students Pay Less – Performing well in school can save 20 to 25%. The discount lasts up until you turn 25.
  • Drive Safe and Save – Insureds without accidents may save up to 50% more than drivers with accident claims.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems help deter theft and therefore earn up to a 10% discount.
  • Seat Belt Usage – Requiring all passengers to wear their seat belts can save up to 15% off the personal injury premium cost.
  • Low Mileage – Fewer annual miles could qualify for discounted rates on garaged vehicles.
  • New Vehicle Savings – Insuring a new car can cost up to 25% less compared to insuring an older model.
  • Organization Discounts – Affiliation with certain professional organizations could trigger savings on auto insurance.
  • Anti-lock Brake System – Vehicles equipped with ABS or steering control prevent accidents and therefore earn up to a 10% discount.
  • Payment Discounts – By paying your policy upfront instead of paying each month you could save 5% or more.

As a disclaimer on discounts, most credits do not apply to all coverage premiums. A few only apply to specific coverage prices like liability, collision or medical payments. So when it seems like having all the discounts means you get insurance for free, you won’t be that lucky. Any qualifying discounts will bring down your overall premium however.

For a list of insurers offering auto insurance discounts in New Jersey, click this link.

But I want to work with a local agent

A small number of people just want to visit with an insurance agent and there is nothing wrong with that. One of the best bonuses of comparing insurance prices online is you may find the lowest rates but still work with a licensed agent. Supporting local businesses is important particularly in Bayonne.

After filling out this simple form, your insurance coverage information is instantly submitted to companies in Bayonne who will give you bids for your insurance coverage. You won’t need to visit any agencies due to the fact that quote results will go immediately to your email address. How cool is that?! You’ll get the best rates and an insurance agent to talk to.

Shown below is a list of car insurance companies in Bayonne that can give you rate quotes.

  • City Line Plaza Insurance – City Line Plz, Bayonne, NJ 07002 – (201) 339-0658
  • State Farm Insurance – 599 Broadway, Bayonne, NJ 07002 – (201) 339-8100
  • Allstate Insurance – 286 Avenue C, Bayonne, NJ 07002 – (201) 339-1404
  • Longo Agency Inc – 916 Broadway, Bayonne, NJ 07002 – (201) 437-0900
  • Julius A Rose Insurance Inc – 613 Broadway, Bayonne, NJ 07002 – (201) 436-6161

To view a complete directory of licensed insurance agents in Bayonne, please view this page.

Picking an insurance company requires more thought than just the premium amount. These questions are important to ask:

  • How often do they review policy coverages?
  • Is working in the agency their full-time job?
  • Are there any hidden costs in their price quote and does it include driving and credit history?
  • Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
  • Do the coverages you’re quoting properly cover your vehicle?
  • Does the agency have a good rating with the Better Business Bureau?
  • Are you getting all the discounts the company offers?
  • Do they regularly work with personal auto policies?

Upon receiving answers to your satisfaction to all your questions in addition to an acceptable price estimate, chances are good that you have found an insurance company that meets your needs to properly insure your vehicles.

New Jersey insurance ad

Additional information is located on the New Jersey Department of Banking and Insurance website. Click here for link. Visitors are able to find out industry alerts, view a list of available companies, read industry bulletins, and report car insurance fraud.

Compare but don’t skimp

When trying to cut insurance costs, don’t be tempted to reduce coverage to reduce premium. In too many instances, someone sacrificed comprehensive coverage or liability limits only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your focus should be to buy enough coverage for the lowest price, not the least amount of coverage.

Lower-priced auto insurance can be sourced online in addition to many Bayonne insurance agents, so compare prices from both in order to have the best price selection to choose from. Some companies do not provide you the ability to get quotes online and usually these small insurance companies provide coverage only through local independent agents.

Consumers change insurance companies for any number of reasons including being labeled a high risk driver, policy cancellation, denial of a claim and even delays in paying claims. Whatever your reason, switching companies is actually quite simple.