Car Insurance in Moonachie New Jersey - 8 Tricks to Save Money

Expensive car insurance can overdraw your personal savings and make it impossible to make ends meet. Shopping your coverage around is free and is an excellent way to tighten up your finances. Drivers have so many to pick from, and although it's nice to have a choice, too many choices makes it more difficult to compare rates.

How to Lower Your Car Insurance Cost in Moonachie, New Jersey

Most major insurance companies like State Farm, Allstate and GEICO allow you to get price estimates on the web. Getting quotes is quite simple as you simply type in the coverages you want as detailed in the form. Behind the scenes, the system will obtain credit information and your driving record and generates pricing information based on these and other factors. This streamlines rate comparisons, but the time it takes to visit different websites and enter the same data into a form is not the best way to spend an afternoon. But it's very important to have as many quotes as possible in order to find the best price on car insurance.

A less time-consuming method to find lower prices is to use a quote form that gets prices from a lot of companies. The form is fast, eliminates form submissions, and makes online shopping much more enjoyable and efficient. After sending your information, it is rated and you can select any one of the returned quotes.

If a lower price is quoted, you simply finish the application and buy the policy. The entire process only takes a few minutes and could lower your rates considerably.

To find out if lower rates are available, click here to open in new window and input your coverage information. If you have a policy now, it's recommended you copy the coverage information exactly as shown on your declarations page. This way, you will be getting an apples-to-apples comparison based on similar coverages.

Are you getting all your discounts?

Insuring your fleet can be pricey, but discounts can save money and there are some available to reduce the price significantly. Some trigger automatically when you quote, but some must be inquired about before you get the savings. If you're not getting every credit you deserve, you're just leaving money on the table.

Payment Method - If paying your policy premium upfront rather than paying monthly you could save up to 5%.
Accident Waiver - Certain companies will forgive one accident without raising rates if your claims history is clear for a particular time prior to the accident.
Auto/Life Discount - Some companies give a discount if you purchase auto and life insurance together.
Multiple Vehicles - Buying coverage for multiple vehicles on one policy may reduce the rate for each vehicle.
Driver Safety - Taking part in a defensive driving course could cut 5% off your bill depending on where you live.
Good Student Discount - Getting good grades can be rewarded with saving of up to 25%. The discount lasts well after school through age 25.
Multiple Policy Discount - When you have multiple policies with one insurance company you could get a discount of approximately 10% to 15%.
Theft Prevention System - Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and will save you 10% or more.

It's important to note that most discount credits are not given to all coverage premiums. Most only cut individual premiums such as liability and collision coverage. So even though it sounds like having all the discounts means you get insurance for free, you're out of luck. But any discount will bring down the cost of coverage.

For a list of insurance companies who offer car insurance discounts in New Jersey, click this link.

More information is available on the website for the New Jersey Department of Banking and Insurance located here. Visitors are able to view a list of available companies, get help finding coverage, view agent and company licensing information, and file complaints about an insurance agent or broker.

Other useful links include this site for car insurance rates in New Jersey and this list of insurance agents in Moonachie, NJ.

Best coverage at the best price

Lower-priced car insurance can be purchased both online as well as from independent agents in Moonachie, so you should compare both to have the best selection. There are still a few companies who don't offer online quoting and these smaller companies work with independent agents.

When you buy insurance online, make sure you don't reduce needed coverages to save money. There have been many situations where drivers have reduced liability limits or collision coverage only to find out that the few dollars in savings costed them thousands. The proper strategy is to purchase a proper amount of coverage at a price you can afford while still protecting your assets.