Getting Low-Cost Somers Point Auto Insurance

Did you fall for a flashy sales pitch and buy an underperforming, overpriced auto insurance policy? Believe me, you're not alone. Having so many choices, it's nearly impossible to find the cheapest company.

It's important to compare prices at least once a year because prices are constantly changing. Despite the fact that you may have had the best rates a few years ago you can probably find a better price now. There is a lot of wrong information about auto insurance online but I'm going to show you some great ways to quit paying high auto insurance rates.

This article will tell you the most effective way to quote insurance. If you have car insurance now, you stand a good chance to be able to reduce your rates substantially using these methods. New Jersey drivers only need an understanding of the most effective way to get comparison rates over the internet.

How to Lower your Auto Insurance Rates

Consumers need to have an understanding of some of the elements that help determine the price you pay for auto insurance. When you know what positively or negatively determines base rates empowers consumers to make smart changes that may reward you with lower auto insurance prices.

The following are some of the items used by your company to calculate rates.

Men pay higher rates - Statistics demonstrate women tend to be less risk to insure than men. However, this does not mean women are BETTER drivers than men. Women and men tend to get into accidents at a similar rate, but the males have costlier accidents. They also get cited for more serious violations such as DWI and reckless driving. Male drivers age 16 to 19 are the most expensive to insure and are penalized with high auto insurance rates.
Little extras can really add up - There are a ton of extra coverages that you can buy on your auto insurance policy. Things like roadside assistance, towing coverage and additional equipment coverage are examples of these. They may seem good initially, but now you might not need them so remove them from your policy.
With age comes lower rates - Teen drivers in New Jersey are known to be more careless when behind the wheel so auto insurance rates are higher. Older insureds are viewed as being more responsible, tend to file fewer claims and receive fewer citations.
Careful drivers pay lower rates - Your driving citation history has a big impact on rates. Just one ticket can bump up the cost by as much as thirty percent. Drivers who don't get tickets get better rates compared to drivers with tickets. Drivers who have flagrant citations such as DUI or reckless driving may need to file a SR-22 with their state DMV in order to keep their license.
Protect your assets with liability insurance - Liability coverage provides coverage if ever a court rules you are at fault for personal injury or accident damage. It will provide you with a defense in court starting from day one. This coverage is very inexpensive when compared with rates for comp and collision, so buy as much as you can afford.
Adjust deductibles and save - Physical damage coverage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. A few examples of covered claims could be collision with another vehicle, damage caused by hail, and windstorm damage. Your deductibles are how much you are required to spend in the event of a claim. The more expense you have to pay, the less your auto insurance will be.
Consolidate policies to earn discounts - Many companies will give a discount to customers who carry more than one policy, otherwise known as a multi-policy discount. If you currently are using one company, it's still a good idea to comparison shop to verify if the discount is saving money. You may still find a better deal by buying auto insurance from a different company.

Save big with these discounts

The cost of insuring your cars can be expensive, but discounts can save money and there are some available to cut the cost considerably. Larger premium reductions will be automatically applied when you quote, but some may not be applied and must be manually applied prior to getting the savings. If you don't get every credit possible, you are paying more than you should be.

Save over 55 - If you're over the age of 55, you may be able to get a small decrease in premiums.
Driver Safety - Completing a course in driver safety could possibly earn you a 5% discount if your company offers it.
Discount for New Cars - Putting insurance coverage on a new car can cost up to 25% less since new cars are generally safer.
Discount for Good Grades - This discount can get you a discount of up to 25%. The good student discount can last well after school through age 25.
Organization Discounts - Participating in a professional or civic organization could qualify you for a break on auto insurance.
Multiple Vehicles - Insuring multiple vehicles with the same company can get a discount on all vehicles.
Anti-theft Discount - Anti-theft and alarm systems are stolen less frequently and earn discounts up to 10%.
Discount for Life Insurance - Larger companies have a break if you buy a life insurance policy as well.

Consumers should know that most of the big mark downs will not be given the the whole policy. Some only reduce specific coverage prices like liability, collision or medical payments. Just because it seems like it's possible to get free car insurance, companies don't profit that way. Any qualifying discounts will help reduce your overall premium however.

To choose companies who offer auto insurance discounts in New Jersey, follow this link.

Auto insurance ads bend the truth

New Jersey consumers can't ignore all the ads that promise big savings from the likes of Progressive, GEICO, Allstate and State Farm. They all seem to say the same thing of big savings after switching your coverage to them.

But how can every company make almost identical claims? It's all in the numbers.

All companies are able to cherry pick for the type of customer that makes them money. A good example of a desirable insured could possibly be a mature driver, has no tickets, and drives less than 7,500 miles a year. A customer getting a price quote who fits that profile will get very good rates and most likely will save a lot of money.

Potential customers who fall outside this ideal profile will have to pay a higher premium which usually ends up with the driver buying from a lower-cost company. The ads say "customers who switch" not "people who quote" save that much money. That's the way insurance companies can confidently advertise the way they do.

Because of the profiling, you should quote coverage with many companies. It's impossible to know which auto insurance company will provide you with the cheapest rates.

Additional auto insurance information can be read on the website for the New Jersey Department of Banking and Insurance found here. New Jersey consumers can learn about insurance regulations, discover disciplinary actions, read enforcement actions against agents and companies, and file complaints about a company.

Other informative sites include this Car Insurance FAQ and this page of insurance agents in Somers Point.

Best coverage at the best price

When shopping online for auto insurance, don't be tempted to buy poor coverage just to save money. There are many occasions where an insured dropped collision coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to find the BEST coverage at the best price.

Cost effective auto insurance can be bought online as well as from independent agents in Somers Point, and you need to price shop both to have the best rate selection. Some auto insurance companies don't offer online price quotes and most of the time these small insurance companies sell through independent agents.

You just read many ways to save on auto insurance. The most important thing to understand is the more times you quote, the more likely it is that you will get a better rate. Drivers may discover the best price on auto insurance is with a small mutual company. Some small companies may often insure only within specific states and give getter rates than their larger competitors like .