Unbelievable but true according to a study most car insurance policyholders in New Jersey have remained with the same car insurance company for well over three years, and approximately 40% of consumers have never quoted car insurance rates at all. Many consumers in America can cut their rates by nearly $850 a year by just shopping around, but most just don’t grasp the amount of savings they would get if they replace their high priced policy.
The recommended way to get budget auto insurance rates is to start comparing prices yearly from providers who provide car insurance in Jersey City. You can compare rates by following these steps.
- Step 1: Try to comprehend how car insurance works and the changes you can make to prevent high rates. Many things that result in higher prices such as traffic citations and bad credit can be rectified by making minor changes to your lifestyle.
- Step 2: Compare rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like GEICO and Allstate, while agents who are independent can provide price quotes from multiple insurance companies.
- Step 3: Compare the new rate quotes to your existing coverage and determine if cheaper XF coverage is available in Jersey City. If you find better rates and decide to switch, ensure coverage does not lapse between policies.
- Step 4: Provide notification to your current agent or company to cancel your existing policy. Submit payment and a completed application to your new carrier. Immediately safely store the proof of insurance paperwork in an easily accessible location.
One thing to remember is that you’ll want to make sure you compare similar limits and deductibles on each quote and and to get quotes from as many companies as possible. This helps ensure a fair price comparison and the most accurate and complete price analysis.
Auto insurance providers offering low-cost price quotes in New Jersey
The companies shown below have been selected to offer price comparisons in New Jersey. If your goal is to find the cheapest car insurance in Jersey City, NJ, it’s highly recommended you click on several of them to find the most affordable auto insurance rates.
Data for Jaguar XF insurance
The table shown below covers estimates of coverage costs for Jaguar XF models. Learning a little about how policy rates are determined can aid in making informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XF Luxury 4-Dr Sedan | $244 | $502 | $452 | $26 | $136 | $1,360 | $113 |
| XF Premium 4-Dr Sedan | $244 | $502 | $452 | $26 | $136 | $1,360 | $113 |
| XF Supercharged 4-Dr Sedan | $268 | $560 | $452 | $26 | $136 | $1,442 | $120 |
| XF R 4-Dr Sedan | $290 | $618 | $452 | $26 | $136 | $1,522 | $127 |
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Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Rate information does not factor in specific garaging location which can affect price quotes greatly.
Policy deductible comparison
One frequently asked question is which deductibles should you choose. The data tables below determine the differences in premium rates between high and low insurance deductibles. The first rate quote example uses a $250 physical damage deductible and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XF Luxury 4-Dr Sedan | $514 | $960 | $480 | $28 | $144 | $2,151 | $179 |
| XF Premium 4-Dr Sedan | $514 | $960 | $480 | $28 | $144 | $2,151 | $179 |
| XF Supercharged 4-Dr Sedan | $562 | $1072 | $480 | $28 | $144 | $2,311 | $193 |
| XF R 4-Dr Sedan | $610 | $1184 | $480 | $28 | $144 | $2,471 | $206 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XF Luxury 4-Dr Sedan | $318 | $604 | $480 | $28 | $144 | $1,574 | $131 |
| XF Premium 4-Dr Sedan | $318 | $604 | $480 | $28 | $144 | $1,574 | $131 |
| XF Supercharged 4-Dr Sedan | $348 | $674 | $480 | $28 | $144 | $1,674 | $140 |
| XF R 4-Dr Sedan | $378 | $744 | $480 | $28 | $144 | $1,774 | $148 |
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Rate information does not factor in the specific area where the vehicle is garaged which can change price quotes significantly.
Based on the above data, using a $250 deductible costs roughly $51 more each month or $612 annually than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you have at least 15 months between claim filings, you would probably be better off if you elect the higher deductible. The table below shows an example of how you can make your own decision.
| Average monthly premium for $250 deductibles: | $189 |
| Average monthly premium for $1,000 deductibles (subtract): | – $138 |
| Monthly savings from raising deductible: | $51 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $51 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 15 months |
The illustration below illustrates how your deductible choice and can change Jaguar XF premium costs for different age groups. The premiums are based on a single female driver, comp and collision included, and no discounts are applied to the premium.
Price comparison of only insuring for liability
The chart below visualizes the comparison of Jaguar XF insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The price estimates are based on no claims or violations, $1,000 deductibles, drivers are not married, and no policy discounts are applied.
When to drop comprehensive and collision coverage
There is no set guideline for phasing out physical damage coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is more than about 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your Jaguar XF replacement cost is $4,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company will settle for is $3,000 after the policy deductible has been paid. If it’s costing in excess of $300 a year for physical damage coverage, then you might consider buying liability only.
There are some situations where dropping full coverage is not in your best interest. If you still owe money on your vehicle, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.
Smart Consumers Can Cut Their Insurance Premiums
Lots of factors are used in the calculation when quoting car insurance. Most are fairly basic like a motor vehicle report, but other factors are less obvious such as your marital status and annual miles driven.
Job stress can make you pay more – Careers such as judges, social workers, and dentists generally pay higher average rates attributed to high stress levels and long work days. On the flip side, professions such as actors, students and retirees pay lower than average rates.
Do you save by driving less? – The higher the miles on your Jaguar in a year the more you’ll pay to insure it. Almost all companies rate vehicles based on how the vehicle is used. Cars and trucks not used for work or commuting cost less to insure compared to those used for work or business. Incorrect rating for your XF is throwing money out the window. It’s always a good idea to double check that your insurance policy states annual mileage.
Consolidate policies with the same company – Many companies provide discounts for people who have multiple policies with them in the form of a multi-policy discount. If you currently are using one company, it’s always a smart idea to check prices from other companies to make sure you are getting the best deal. You may still find better rates by buying from different companies
An active policy claims history can cost you more – Car insurance companies in New Jersey award better rates to policyholders who file claims infrequently. If you file claims often, you can expect either a policy non-renewal or much higher rates. Auto insurance is meant to be used in the event of the large, substantial claims.
Driving citations mean higher rates – Just one chargeable violation may cause rates to rise to the point where it’s not affordable. Attentive drivers pay lower auto insurance prices as compared to careless drivers. Drivers who have gotten serious violations such as reckless driving, hit and run or driving under the influence may need to maintain a SR-22 with their state in order to prevent a license revocation.
The information below demonstrates how citations and accidents can influence Jaguar XF auto insurance rates for each different age category. The rate quotes are based on a single male driver, full coverage, $250 deductibles, and no discounts are applied.
Liability insurance risk factors – The liability coverage on your policy is the coverage that protects you if ever you are ruled to be at fault for an accident. Liability provides for a legal defense which can cost a lot. This coverage is relatively inexpensive compared to physical damage coverage, so do not skimp.
Discounts for married drivers – Getting married can actually save you money on your insurance bill. Marriage is viewed as being more responsible and insurance companies reward insureds because married drivers tend to have fewer serious accidents.
Jaguar XF statistical loss data – Insurers use statistical claims data to determine a rate that will be profitable for them. Vehicles that statistically have higher frequency or amount of claims will cost more for specific coverages. The table shown below demonstrates the insurance loss data used by companies for Jaguar XF vehicles.
For each insurance policy coverage type, the statistical loss for all vehicles, as a total average, equals 100. Numbers below 100 suggest a better than average loss history, while numbers that are greater than 100 indicate higher probability of having a loss or an increased likelihood of larger losses.
| Specific Jaguar Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Jaguar XF 4dr 2WD | 169 | 101 | 191 | 98 | ||
| Jaguar XF 4dr 4WD | 206 | 83 | 152 |
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Get cheaper Jaguar XF insurance in Jersey City with discounts
Some insurance providers do not list all discounts very clearly, so the following list contains some of the more common in addition to some of the lesser obvious credits available to you. If you don’t get every credit possible, you could be saving more on your car insurance.
- No Claim Discounts – Drivers with accident-free driving histories can save substantially in comparison with bad drivers.
- Auto/Home Discount – If you combine your auto and home policies and insure them both with the same insurance company you may earn up to 20% and get you low cost Jaguar XF insurance.
- Discount for Good Grades – Excelling in school can get you a discount of up to 25%. Many companies even apply the discount to college students well after school through age 25.
- Accident Waiver – This one isn’t a discount, but a few companies such as Allstate and GEICO may permit one accident without getting socked with a rate hike if your claims history is clear for a specific time period.
- Sign Early and Save – A few insurance companies allow discounts for buying a policy prior to the expiration date on your current XF insurance policy. This can save 10% or more.
- Discount for Low Mileage – Low annual miles can qualify you for lower premium rates on the low mileage vehicles.
- Membership in Organizations – Joining specific professional or occupational memberships or organizations may earn a discount on your next renewal.
- Senior Citizen Discount – Seniors may be able to get better car insurance rates.
- Full Payment Discount – If you can afford to pay the entire bill rather than paying monthly you may reduce your total bill.
- Buy New and Save – Buying a new car instead of a used XF may earn a small discount since new vehicles have better safety ratings.
You can save money using discounts, but some credits don’t apply to the entire policy premium. Some only apply to specific coverage prices like liability, collision or medical payments. Despite the fact that it seems like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business. Any amount of discount will help lower the premium cost.
The information below illustrates the comparison of Jaguar XF insurance prices with and without discounts applied. The rates are based on a male driver, a clean driving record, no at-fault accidents, New Jersey state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, marriage, safe-driver, multi-policy, and homeowner discounts applied.
To see insurance companies offering car insurance discounts in Jersey City, click this link.
Insurance quotes from neighborhood Jersey City auto insurance agents
Certain consumers prefer to get advice from a local agent and that can be a smart move Professional insurance agents can make sure you are properly covered and help submit paperwork. A nice benefit of getting online price quotes is that drivers can save money and get lower rates and still choose a local agent. And supporting small agencies is still important in Jersey City.
After completing this form (opens in new window), the quote information is transmitted to local insurance agents in Jersey City that can provide free Jersey City car insurance quotes and help you find cheaper coverage. You never need to visit any agencies since rate quotes are delivered straight to your inbox. If you have a need to get a price quote from a particular provider, you would need to go to their quote page and give them your coverage information.
If you are searching for a reliable insurance agency, you should know the different agency structures to choose from. Insurance policy providers are either exclusive agents or independent agents. Either type can insure your vehicles, but it’s good to learn why they differ because it may have an impact on which type of agent you select.
Independent Insurance Agents (or Brokers)
These type of agents do not sell for just one brand so they can write business through many companies and find you the best rates. If you want to switch companies, they simply switch companies in-house and that require little work on your part.
When shopping rates, you should always compare prices from a few independent agents to maximize your price options. Most also have access to companies you’ve never heard of which can be an advantage.
Below is a small list of independent insurance agencies in Jersey City that can give you free rate quotes.
- Lou Schloss Agency Inc
31 River Ct – Jersey City, NJ 07310 – (201) 626-7589 – View Map - JFK Insurance Agency
746 Bergen Ave – Jersey City, NJ 07306 – (908) 425-1544 – View Map - Royale Insurance Agency
2184 John F. Kennedy Blvd – Jersey City, NJ 07305 – (201) 656-1800 – View Map
Exclusive Insurance Agencies
These type of agents can usually just insure with one company and examples are Allstate, State Farm and Farm Bureau. They usually cannot give you multiple price quotes so if the price isn’t competitive there isn’t much they can do. These agents are trained well on the products they sell which helps them sell insurance even at higher premiums. Consumers often use the same agent mainly due to the prominence of the brand and solid financial strength.
The following are Jersey City exclusive insurance agencies that can give you comparison quotes.
- Joe Nachbaur – State Farm Insurance Agent
505 Central Ave – Jersey City, NJ 07307 – (201) 222-8866 – View Map - Tawanda Jackson – State Farm Insurance Agent
688 NJ-440 – Jersey City, NJ 07305 – (201) 209-0290 – View Map - Farmers Insurance – Karima Panjwani
591 Summit Ave – Jersey City, NJ 07306 – (201) 793-7525 – View Map
Selecting an car insurance agent is decision based upon more than just the premium amount. Some important questions to ask are:
- Is there a Errors and Omissions policy in force?
- Is the agent properly licensed in New Jersey?
- Are there any extra charges for paying monthly?
- How long has their agency been open in Jersey City?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Does the company use OEM repair parts?
After receiving satisfactory answers to any questions you have and locked in a price quote, you’ve probably found an insurance agency that can service your policy. Just keep in mind it’s your coverage and you can cancel your coverage at any time so don’t think that you’re stuck with the insurance policy for the full term.
Best car insurance in New Jersey
Choosing the best auto insurance company is difficult considering how many different companies there are to choose from in Jersey City. The ranking information shown below can help you analyze which insurers to look at comparing price quotes from.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Mercury Insurance | 87 | 96 | 100 | 87% | A+ | 93.4 |
| The Hartford | 88 | 96 | 91 | 93% | A+ | 92.6 |
| Progressive | 84 | 94 | 99 | 90% | A+ | 92.4 |
| Travelers | 84 | 93 | 100 | 87% | A++ | 92.3 |
| State Farm | 84 | 93 | 95 | 87% | A++ | 91 |
| Farmers Insurance | 87 | 92 | 90 | 85% | A | 90.6 |
| Safeco Insurance | 85 | 91 | 87 | 86% | A | 88.4 |
| USAA | 71 | 93 | 98 | 87% | A++ | 88 |
| GEICO | 73 | 93 | 95 | 85% | A++ | 87.1 |
| 21st Century | 85 | 85 | 91 | 89% | A | 86.9 |
| Liberty Mutual | 72 | 91 | 97 | 83% | A | 86.4 |
| AAA Insurance | 85 | 85 | 88 | 86% | A | 85.8 |
| Nationwide | 71 | 90 | 93 | 83% | A+ | 84.9 |
| Allstate | 69 | 92 | 92 | 83% | A+ | 84.4 |
| American Family | 77 | 96 | 80 | 85% | A | 83.8 |
| Esurance | 70 | 80 | 89 | 77% | A+ | 79.2 |
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Data Source: Insure.com Best Car Insurance Companies
Smart consumers save more
In this article, we presented many ideas to lower your Jaguar XF insurance premium rates in Jersey City. The key concept to understand is the more times you quote, the better your chances of lowering your prices. You may even be surprised to find that the biggest savings come from an unexpected company.
People who switch companies do it for any number of reasons including high rates after DUI convictions, lack of trust in their agent, questionable increases in premium and even an unsatisfactory settlement offer. It doesn’t matter why you want to switch finding a new company is not as hard as you think.
When getting Jersey City car insurance quotes online, it’s not a good idea to sacrifice coverage to reduce premiums. There have been many situations where someone sacrificed liability coverage limits and discovered at claim time that they should have had better coverage. Your goal is to buy enough coverage for the lowest cost while not skimping on critical coverages.
More information is available on the following sites:
- Auto Crash Statistics (Insurance Information Institute)
- Who Has Affordable Car Insurance Rates for a Nissan Rogue in Jersey City? (FAQ)
- Who Has the Cheapest Jersey City Car Insurance for Drivers with Accidents? (FAQ)
- Who Has Cheap Jersey City Auto Insurance for a Honda Civic? (FAQ)
- Who Has the Cheapest Jersey City Auto Insurance for 19 Year Olds? (FAQ)
- Who Has Cheap Auto Insurance Rates for 4×4 Vehicles in Jersey City? (FAQ)
- Who Has Cheap Car Insurance Quotes for Teenage Males in Jersey City? (FAQ)
- Event Data Recorders FAQ (iihs.org)
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)