Car Insurance in Morris Plains - 10 Ways to Save Money

Paying for high-priced car insurance can dwindle your savings account and make it impossible to make ends meet. Comparison shopping is free, only takes a few minutes, and is a good way to lower your monthly bill. There is such a variety of to buy insurance from, and though it is a good thing to be able to choose, so many choices can make it hard to compare rates.

It's important to get comparison quotes on a regular basis since rates are constantly changing. Even if you got the best rates a year ago you can probably find a better price now. There is too much inaccurate information about car insurance online but we're going to give you some great ways to quit paying high car insurance rates.

Morris Plains car insurance quote

Take advantage of discounts

Car insurance is not cheap, but companies offer discounts to reduce the price significantly. Some discounts apply automatically at the time of quoting, but some may not be applied and must be specifically requested before you will receive the discount. If you're not getting every credit you deserve, you are paying more than you should be.

  • Theft Prevention System - Cars that have factory anti-theft systems prevent vehicle theft and earn discounts up to 10%.
  • Accident Waiver - Certain companies allow you one accident before hitting you with a surcharge if you are claim-free for a particular time prior to the accident.
  • Life Insurance - Companies who offer life insurance give a discount if you purchase auto and life insurance together.
  • Resident Student - Kids in college living away from home attending college and do not have access to a covered vehicle may qualify for this discount.
  • Save with a New Car - Buying coverage on a new vehicle can cost up to 25% less due to better safety requirements for new cars.
  • Government Employees - Employees or retirees of the government may qualify you for a discount with certain companies.
  • No Claims - Drivers who don't have accidents pay less compared to accident-prone drivers.
  • Good Student Discount - This discount can be rewarded with saving of up to 25%. The good student discount can last well after school through age 25.
  • Senior Citizens - If you're over the age of 55, you may be able to get a discount up to 10%.
  • Seat Belts Save - Using a seat belt and requiring all passengers to wear their seat belts can save up to 15% on the medical payments or PIP coverage costs.

A little note about advertised discounts, most discounts do not apply to all coverage premiums. Most only cut specific coverage prices like comprehensive or collision. Just because you may think having all the discounts means you get insurance for free, you won't be that lucky. Any amount of discount will bring down your overall premium however.

To choose providers who offer car insurance discounts in New Jersey, click here to view.

Are car insurance companies telling the truth?

Consumers in New Jersey can't ignore all the ads for car insurance savings from companies such as Allstate and Progressive. All the ads make an identical promise about savings after switching your policy.

How does each company claim to save you money? It's all in the numbers.

All the different companies have a preferred profile for the right customer that makes them money. A good example of a preferred risk might be over the age of 50, insures multiple vehicles, and has excellent credit. Any new insured who meets those qualifications will qualify for the lowest rates and most likely will save when switching.

Potential insureds who don't qualify for these standards will be charged more money and ends up with the customer not buying. The ad wording is "customers who switch" not "people who quote" save that kind of money. This is how companies can truthfully make those claims.

That is why you should get quotes from several different companies. It's just too difficult to predict which insurance companies will have the lowest rates.

For more New Jersey car insurance information

Additional information can be read on the website for the New Jersey Department of Banking and Insurance found here. Visitors are able to read consumer alerts, get help finding coverage, view agent and company licensing information, and read enforcement actions against agents and companies.

And the best car insurance company is...

While you're price shopping online, it's very important that you do not buy poor coverage just to save money. Too many times, drivers have reduced collision coverage and discovered at claim time they didn't purchase enough coverage. The aim is to purchase a proper amount of coverage at the best price, not the least amount of coverage.

Cheaper car insurance can be purchased both online in addition to many Morris Plains insurance agents, and you should be comparing both to have the best chance of lowering rates. Some companies do not provide online price quotes and many times these small insurance companies only sell through independent insurance agents.