Cheap Auto Insurance Quotes In New Jersey
New Jersey auto insurance is the second costliest in the US, after Washington D.C. Is there a way to buy discount auto insurance in New Jersey? Yes, there is – you need to consider selling/trading-in your current vehicle and buying a vehicle that is cheaper to insure. Today, everybody is doing their best to cut down on spending, and buying a car that is very cheap to insure is one of the easiest ways to save a lot of money without sacrificing anything.
Which cars get cheap auto insurance quotes? The simple answer is: the cheapest cars are the cheapest to insure. Or, let’s put it this way: cars that everybody can afford but nobody wants cost the least to insure, and cars that everybody wants but almost nobody can afford cost the most to insure. Here’s a good comparison example: a cheap 4-cylinder Mazda versus a luxury 8-cylinder Jaguar – the difference in insurance rates is around $1,500 a year. This is a drastic comparison, but many people could start saving several hundred dollars a year, if they sold their vehicle and bought one that is very cheap to insure. I’m sure that anyone would be able to spend this money more wisely than shelling it out to an insurance company every year.
How can you find out if a specific automobile is cheap or expensive to insure? First of all, we will provide some general guidelines. Secondly, you can find this out by requesting a quote for a car from any insurance company – this way you will know the precise figure. Following are the general traits of cars that cost little to insure: lower value (under $15,000), fewer cylinders (4-6), less horsepower (100-150hp), 2 wheel drive, 4 doors, and numerous security devices and safety features. The cheapest types of cars to insure are: minivans, wagons, and SUVs.
If your car does not fit into the criteria that we have provided above, you may truly want to check into how much you could save by purchasing another car. The savings that could be gained by purchasing the “right type of car” can be especially noticeable for people with very expensive vehicles, 8-12 cylinder sports cars, frequently stolen vehicles, and very unsafe vehicles.
Finally, remember: each and every auto insurance company uses a totally unique algorithm to estimate premiums. One company may have a preference for safe cars, another – for inexpensive vehicles, and so on. So, when you start checking for rates to insure a car, do be sure to contact a wider array of companies. New Jersey is serviced by about 80 car insurance companies, and it is an excellent idea to see quotes from at least half of them. Some of the most prominent vehicle insurance companies that service this state are: Allstate, Encompass, Drive, First Trenton (now Travelers of New Jersey), Hartford, Progressive, and Unitrin. Many other carriers are a bit less known, but very reliable and good to consider.
To conclude: if you are looking for a simple way to save hundreds of dollars every year, consider selling your current vehicle and purchasing one that is known to have a cheap auto insurance premium.
