Pennsauken Car Insurance For Less Than You're Paying Now

Are you intimidated by the number of car insurance companies in Pennsauken? Lot's of other consumers are too. Drivers have so many choices that it can turn into a big hassle to locate the lowest price.

If you currently have a car insurance policy, you will be able to save some money using these techniques. This information will help educate you on how car insurance quotes work and some tips to save money. Nevertheless, New Jersey car owners do need to know the way insurance companies compete online and take advantage of how the system works.

Don't pay full price with these discounts

Insuring your fleet can be pricey, but companies offer discounts to cut the cost considerably. Larger premium reductions will be automatically applied when you get a quote, but lesser-known reductions have to be asked for before you will receive the discount.

  • Payment Method - By paying your policy upfront instead of monthly or quarterly installments you could save 5% or more.
  • Multiple Vehicles - Having multiple vehicles on one policy could earn a price break for each car.
  • 55 and Retired - If you qualify as a senior citizen, you may be able to get a discount up to 10%.
  • Federal Government Employee - Active or retired federal employment could cut as much as 10% off with a few car insurance companies.
  • Air Bag Discount - Cars that have air bags and/or automatic seat belt systems can qualify for discounts of up to 25% or more.
  • No Claims - Drivers with accident-free driving histories can earn big discounts when compared to drivers who are more careless.
  • New Car Discount - Putting insurance coverage on a new car is cheaper because new vehicles have to meet stringent safety requirements.
  • Clubs and Organizations - Belonging to a civic or occupational organization may earn a discount when shopping for car insurance.

Consumers should know that some of the credits will not apply to all coverage premiums. A few only apply to the cost of specific coverages such as liability and collision coverage. So even though they make it sound like all the discounts add up to a free policy, companies don't profit that way. Any qualifying discounts will reduce your premiums.

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Understand what determines the rate you pay

Smart consumers have a good feel for the factors that help determine your car insurance rates. Having a good understanding of what determines base rates helps enable you to make changes that will entitle you to much lower annual insurance costs.

The following are some of the factors that factor into prices.

  • Theft deterrents lower rates - Choosing a vehicle that has an advanced theft prevention system can help bring down rates. Theft prevention features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart auto theft.
  • Do you know your deductibles? - The deductibles define the amount you are required to spend before your car insurance pays a claim. Physical damage coverage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Some examples of claims that would be covered are running into the backend of another car, damage caused by hail, and windstorm damage. The more money the insured has to pay upfront, the less your car insurance will be.
  • Men pay higher rates - Statistics demonstrate women are more cautious behind the wheel. However, this does not mean men are WORSE drivers than women. Both sexes cause accidents at about the same rate, but the men have costlier accidents. Men also statistically get more serious tickets such as reckless driving. Male drivers age 16 to 19 are several times more likely to be in an accident and therefore are the most expensive to insure.
  • Keep rates low by being claim-free - If you file claims often, you can pretty much guarantee either policy cancellation or increased premiums. Companies in New Jersey generally give cheaper rates to policyholders who do not rely on their insurance for small claims. Your insurance policy is meant to be used in the event of the large, substantial claims.
  • Clean credit earns discounts - Having a bad credit history is a large factor in calculating your car insurance rates. Therefore, if your credit rating is not that good, you could potentially save money when insuring your by improving your credit score. Consumers who have excellent credit tend to be less risk to insure than drivers with lower credit scores.
  • Your car insurance rates can be influenced by your job - Did you know your job can affect your rates? Careers like doctors, social workers and dentists are shown to have the highest average rates attributed to job stress and long work days. Other jobs such as actors, historians and performers pay the least.

The car insurance bait and switch

Car insurance providers like State Farm, Allstate and GEICO continually stream ads in print and on television. They all have a common claim of big savings after switching your policy. How can each company make the same claim?

Insurance companies are able to cherry pick for the right customer that earns them a profit. An example of a driver they prefer could be a mature driver, has no driving citations, and drives newer vehicles. A customer that hits that "sweet spot" receives the best rates and therefore will save when they switch companies.

Drivers who don't measure up to the requirements will be quoted higher premiums and this can result in business going elsewhere. Company advertisements say "people who switch" not "everyone that quotes" save that kind of money. That's the way insurance companies can confidently claim big savings.

This emphasizes why drivers should get as many quotes as possible. Because you never know which car insurance company will give you the biggest savings.

Learn more about New Jersey car insurance

Additional car insurance information is available on the New Jersey Department of Banking and Insurance website through this link. Consumers can view a list of available companies, report car insurance fraud, and learn about insurance regulations.

The best insurance company isn't always the cheapest

Drivers change insurance companies for many reasons like extreme rates for teen drivers, lack of trust in their agent, denial of a claim and even poor customer service. Regardless of your reason, finding the right car insurance provider is less work than it seems.

Cost effective car insurance can be bought from both online companies in addition to many Pennsauken insurance agents, and you need to price shop both to have the best chance of lowering rates. A few companies do not provide you the ability to get quotes online and these smaller companies work with independent agents.

When trying to cut insurance costs, it's a bad idea to skimp on coverage in order to save money. There have been many situations where someone sacrificed comprehensive coverage or liability limits to discover at claim time that it was a big mistake. The proper strategy is to buy enough coverage at an affordable rate while still protecting your assets.