Free Guide to Paying Less for Ledgewood Auto Insurance Online

Expensive auto insurance can empty your savings account and force you to prioritize other expenses. Comparison shopping is a great way to cut your insurance bill.

There are many to buy insurance from, and though it is a good thing to have a choice, it makes it harder to compare rates.

Which Auto Insurance is Cheapest in Ledgewood, New Jersey?

The are a couple different ways of comparing rates from local Ledgewood auto insurance companies. The recommended way to find the lowest rates consists of shopping online. This can be accomplished in a couple of different ways.

The first (and easiest) way to get quotes is a comparison rater form (click to open form in new window). This type of form eliminates the need for multiple quote forms for each company you want a rate for. One form submission gets you coverage quotes from multiple low-cost companies.

A slightly less efficient method to shop for auto insurance online consists of going to each individual company website and request a quote. For sake of this example, let's assume you want comparison quotes from , and . To get each rate you have to spend time on each company's site to enter your coverage information, which is why the first method is quicker.

For a list of links to companies insuring cars in Ledgewood, click here.

The most time-consuming way of comparing rate quotes is to spend your day driving to insurance agents' offices. The internet makes this process obsolete unless you want the trained guidance that only a license agent can provide. It is possible to compare the best prices online but buy from a local insurance agent. We'll cover that shortly.

Whichever method you choose, ensure you are comparing identical coverages with every price quote. If each company quotes different limits and deductibles on each one you can't possibly find the best deal in Ledgewood. Slightly different coverages can make a big difference in price. Just remember that quoting more helps locate lower pricing.

What determines how much you pay?

It's important that you understand the factors that come into play when calculating the rates you pay for auto insurance. Knowing what impacts premium levels allows you to make educated decisions that could result in much lower annual insurance costs.

Liability coverage protects you - The liability section of your policy is the protection if you are found liable for damages from an accident. It provides legal defense coverage which can be incredibly expensive. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so do not skimp.
High deductibles save money - The deductibles represent how much money you are required to spend out-of-pocket if you file a covered claim. Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Examples of covered claims would be colliding with a building, vandalism, or theft. The more money you're willing to pay, the bigger discount you will receive.
Rates may be higher depending on your occupation - Occupations such as doctors, social workers and financial analysts tend to pay higher average rates due to high stress levels and long work days. Conversely, occupations like pilots, engineers and the unemployed have the lowest average rates.
Older drivers save more - Youthful drivers in New Jersey tend to get distracted easily when driving so they pay higher auto insurance rates. If you've ever had to add a young driver to your policy can be very expensive. More mature drivers are more responsible, statistically cause fewer accidents and are safer drivers.
Men fork out a little more - Statistics have proven that women are safer drivers than men. However, don't assume that women are better drivers. Both sexes have accidents at about the same rate, but the male of the species cause more damage and cost insurance companies more money. Men also tend to get more serious tickets like DUI and reckless driving.
Cautious drivers pay less - Good drivers get better rates than people who have multiple driving citations. Even a single moving violation can increase rates by as much as thirty percent. Drivers with severe tickets such as DWI, reckless driving or hit and run convictions are required to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to drive a vehicle legally.

Policy discounts you shouldn't miss

Companies that sell car insurance don't always advertise all available discounts very clearly, so here is a list both the well known and also the lesser-known discounts you could be receiving.

More Vehicles More Savings - Buying insurance for multiple cars or trucks on one policy can get a discount on all vehicles.
Own a Home - Owning a home in Ledgewood can save you money because of the fact that having a home requires personal responsibility.
Government Employees - Simply working for the federal government could cut as much as 10% off depending on your company.
Student in College - Youth drivers who live away from home without a vehicle on campus can receive lower rates.
Accident Waiver - Certain companies allow you one accident without raising rates so long as you haven't had any claims for a set time period.
Passive Restraints - Vehicles equipped with air bags or automatic seat belts may earn rate discounts of 20% or more.

As a disclaimer on discounts, some credits don't apply to all coverage premiums. Some only apply to specific coverage prices like physical damage coverage or medical payments. Just because it seems like adding up those discounts means a free policy, auto insurance companies aren't that generous.

For a list of insurers with the best auto insurance discounts in New Jersey, click here.

Even more information is available at the New Jersey Department of Banking and Insurance website. Visitors are able to find out which companies have the most complaints, report car insurance fraud, read industry bulletins, and read enforcement actions against agents and companies.

Do the work, save more money

Cheap auto insurance is definitely available both online and with local Ledgewood insurance agents, so you should be comparing quotes from both to have the best rate selection. Some insurance companies do not offer online quoting and usually these smaller companies provide coverage only through local independent agents.

We covered a lot of ways to lower your auto insurance rates. The key concept to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers could even find that the lowest priced auto insurance comes from a small mutual company. Smaller companies may have significantly lower rates on certain market segments compared to the large companies like .