9 Best Ways to Reduce Car Insurance Costs in Palisades Park, NJ

Did you fall for a flashy sales pitch and buy an underperforming, overpriced car insurance policy? Believe me, there are a lot of people in Palisades Park just like you who feel imprisoned by their car insurance policy.

Drivers have multiple to buy insurance from, and even though it's nice to be able to choose, it can be more challenging to compare rates.

Pricing the lowest cost car insurance in Palisades Park is quite easy. Essentially every driver who is required by state law to have car insurance stands a good chance to be able to reduce their rates. But New Jersey car owners do need to know how the larger insurance companies sell online and apply this information to your search.

How to Compare Car Insurance Quotes in Palisades Park, New Jersey

Performing a rate comparison is a ton of work if you don't understand the best way to get rate quotes. You can spend your afternoon talking to insurance agencies in Palisades Park, or you can stay home and use online quoting to achieve your goal.

Most of the larger companies enroll in a system that enables customers to send in one quote, and each company returns a rated price. This eliminates the need for quote forms to each individual car insurance company.

To submit your quote information now, click here to open in new window.

One minor caviat to getting quotes like this is buyers cannot specifically choose which providers you want pricing from. If you prefer to choose individual companies to request quotes from, we have a page of the cheapest car insurance companies in New Jersey. Click here to view list.

Whichever way you use, ensure you are comparing identical quote information for every quote you compare. If you compare mixed coverages you will not be able to determine the best price in Palisades Park. Just a small difference in insurance coverages may cause a big price difference. Just remember that obtaining a wide range of quotes helps locate a better price.

Don't pay full price with these nine discounts

Insurance can cost an arm and a leg, but you can get discounts that you may not know about. Certain discounts will be triggered automatically at the time of purchase, but less common discounts must be manually applied prior to receiving the credit.

Organization Discounts - Belonging to a qualifying organization could qualify you for a break when buying car insurance.
Multiple Cars - Having all your vehicles with the same company qualifies for this discount.
Anti-theft System - Anti-theft and alarm systems prevent vehicle theft and therefore earn up to a 10% discount.
Paperless Signup - Some insurance companies will give a small break for buying a policy and signing up over the internet.
Homeowners Discount - Owning a home in Palisades Park may trigger a car insurance policy discount because maintaining a house is proof that your finances are in order.
Pay Now and Pay Less - If you pay your bill all at once instead of making monthly payments you may reduce your total bill.
No Accidents - Drivers with accident-free driving histories can save substantially when compared with accident-prone drivers.
Auto/Home Discount - If you insure your home and vehicles with the same insurance company you may save 10% to 20% off each policy.
Discount for Good Grades - This discount can save 20 to 25%. This discount can apply up until you turn 25.

Consumers should know that most of the big mark downs will not be given to all coverage premiums. Most cut the price of certain insurance coverages like physical damage coverage or medical payments. So when it seems like you could get a free car insurance policy, companies don't profit that way. But all discounts will bring down your premiums.

To choose insurers with discount car insurance rates in New Jersey, follow this link.

The car insurance bait and switch

Allstate, GEICO and Progressive consistently run ads in print and on television. All the companies say the same thing that you'll save big if you change to their company. How does each company make the same claim? This is how they do it.

Different companies are able to cherry pick for the driver that makes them money. For example, a profitable customer could be between the ages of 40 and 55, has no driving citations, and has a short commute. Any new insured who fits that profile gets the lowest rates and therefore will save when switching.

Potential customers who don't measure up to these standards must pay higher prices which usually ends up with business going elsewhere. The ads say "drivers who switch" not "everyone that quotes" save that much. That's the way companies can make the claims of big savings.

This illustrates why you need to get as many quotes as possible. It's just too difficult to predict which car insurance company will fit your personal profile best.

Much more information about car insurance in New Jersey can be found on the website for the New Jersey Department of Banking and Insurance. Click here for link. Consumers can find out which companies have the most complaints, learn about insurance regulations, get help finding coverage, and view a list of available companies.

Final considerations

Discount car insurance can be sourced from both online companies and also from your neighborhood Palisades Park agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance providers may not provide online price quotes and usually these regional insurance providers provide coverage only through local independent agents.

As you shop your coverage around, never reduce coverage to reduce premium. In too many instances, someone sacrificed physical damage coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your focus should be to purchase plenty of coverage for the lowest price while not skimping on critical coverages.