Amazingly, most auto insurance customers kept their coverage with the same auto insurance company for more than four years, and just under half have never compared rate quotes at all. Many drivers in Jersey City could save themselves almost $720 a year just by comparing rates, but they don’t believe the actual amount they would save if they just switched companies.
The easiest way to get budget car insurance rates in Jersey City is to regularly compare price quotes from providers who provide car insurance in New Jersey. You can shop around by following these steps.
- Try to learn a little about individual coverages and the things you can change to prevent expensive coverage. Many things that drive up the price such as accidents, careless driving, and a lousy credit rating can be eliminated by making minor changes in your lifestyle. Keep reading for information to help prevent costly coverage and get additional discounts that may have been overlooked.
- Request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only quote rates from a single company like Progressive or Allstate, while independent agents can provide prices from multiple insurance companies.
- Compare the quotes to your existing coverage and see if you can save money. If you find a better price and make a switch, make sure there is no coverage gap between policies.
- Give notification to your current company to cancel your existing policy and submit the completed application along with a down payment to the newly selected company. When you receive it, place your new proof of insurance certificate along with the vehicle’s registration papers.
The most important part of this process is that you’ll want to compare similar deductibles and liability limits on every quote request and to quote with as many car insurance companies as possible. This helps ensure an apples-to-apples comparison and plenty of rates choose from.
Finding the cheapest coverage in Jersey City seems hard but is not really that difficult. If you already have coverage or just want cheaper coverage, use these tips to find the best rates and still have adequate protection. You just have to use the proper way to compare rate quotes online.
BMW 328i insurance charts and tables
The premium table shown below highlights detailed analysis of rate quotes for BMW 328i models. Understanding how car insurance premiums are calculated is important to be able to make decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 328I 4-Dr Sedan | $360 | $730 | $452 | $26 | $136 | $1,704 | $142 |
| 328I 4-Dr Sedan | $360 | $730 | $452 | $26 | $136 | $1,704 | $142 |
| 328I Station Wagon | $400 | $840 | $384 | $22 | $114 | $1,760 | $147 |
| 328I 2-Dr Coupe | $400 | $840 | $384 | $22 | $114 | $1,760 | $147 |
| 328I 2-Dr Coupe | $400 | $840 | $384 | $22 | $114 | $1,760 | $147 |
| 328I xDrive 4-Dr Sedan | $400 | $840 | $452 | $26 | $136 | $1,854 | $155 |
| 328I xDrive 4-Dr Sedan | $400 | $840 | $452 | $26 | $136 | $1,854 | $155 |
| 328I 2-Dr Convertible | $400 | $840 | $452 | $26 | $136 | $1,854 | $155 |
| 328I 2-Dr Convertible | $400 | $840 | $452 | $26 | $136 | $1,854 | $155 |
| 328I 2-Dr Coupe | $400 | $840 | $384 | $22 | $114 | $1,760 | $147 |
| 328I xDrive 2-Dr Coupe | $400 | $840 | $384 | $22 | $114 | $1,760 | $147 |
| 328I xDrive Station Wagon | $400 | $840 | $384 | $22 | $114 | $1,760 | $147 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Premium costs do not factor in your specific Jersey City location which can impact insurance rates noticeably.
The example below highlights how deductible choice and can influence BMW 328i premium costs for different age groups. The premiums assume a married female driver, full coverage, and no discounts are taken into consideration.
BMW 328i liability rates compared to full coverage
The information below shows the difference between BMW 328i yearly insurance costs with liability coverage only compared to full coverage. Data assumes no driving violations, no at-fault accidents, $100 deductibles, single status, and no discounts are applied to the premium.
When to buy liability coverage only
There is no written rule of when to stop paying for full coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.
For example, let’s pretend your BMW 328i book value is $5,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would receive is $4,000 after the deductible is paid. If premium cost is more than $400 a year for your policy with full coverage, then you may need to consider dropping full coverage.
There are some situations where dropping full coverage is not financially feasible. If you still owe money on your vehicle, you have to keep full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not opt for liability only.
The BMW 328i Insurance Premium Equation
Multiple criteria are part of the calculation when you get a price on insurance. Most are fairly basic like an MVR report, but some are not quite as obvious such as your marital status or your financial responsibility. It’s important that you understand some of the elements that come into play when calculating auto insurance rates. When you understand what determines premiums, this empowers consumers to make smart changes that may result in big savings.
Liability coverage – A critical coverage on your policy, liability insurance kicks in in the event that a court rules you are at fault for physical damage or personal injury to other. It will provide legal defense to attempt to prove you were not liable. Carrying liability coverage is mandatory and cheap compared to comp and collision, so insureds should have plenty of protection for their assets.
Rural areas have lower premiums – Living in less populated areas may provide you with better prices when it comes to auto insurance. Fewer drivers on the road means a lower chance of having an accident in addition to lower liability claims. Drivers who live in large New Jersey cities have much more traffic and much longer commute distances. Longer commute distances can result in more accidents.
Lower performance equals lower insurance rates – The performance level of the vehicle you are insuring makes a substantial difference in your rates. Lower cost passenger cars usually are quite affordable to insure, but other factors influence the final cost greatly.
The following chart assumes a married female driver age 30, full coverage with $250 deductibles, and no discounts or violations. It compares BMW 328i car insurance rates compared to other models that have different risk factors.
How old are your drivers? – More experienced drivers tend to be more responsible, cause fewer claims and accidents, and receive fewer citations. Young drivers are statistically proven to be less responsible behind the wheel and because of this, their auto insurance rates are much higher.
The data below assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.
Raise deductibles and save – Insurance for physical damage, also called comprehensive and collision insurance, covers your vehicle from damage. Examples of some claims that would be covered could be a windshield shattered by a rock, flood damage, and damage from a fallen tree branch. Deductibles for physical damage represent how much money you are required to pay if a covered claim is submitted. The higher the amount the insured is willing to pay, the less your auto insurance will be.
Do you really need roadside assistance? – There are a ton of optional add-on coverages you can purchase when buying auto insurance. Insurance for personal injury protection, accidental death, and motor club memberships are some examples. You may think they are a good idea when you first buy your policy, but if you’ve never needed them in the past get rid of them and save.
Do women or men drive better? – Statistics have proven that women are safer drivers than men. It does not mean males are worse at driving than females. They both cause fender benders at about the same rate, but men have costlier accidents. Not only are claims higher, but men have more aggressive citations such as driving while intoxicated (DWI) or driving recklessly.
The information below visualizes the comparison of BMW 328i insurance costs for male and female drivers. The prices are based on no accidents, no driving violations, comp and collision included, $1,000 deductibles, single status, and no discounts are factored in.
You may save more by bundling policies – Lots of insurers will give lower prices to people that buy multiple policies. It’s known as a multi-policy discount. This can amount to ten percent or more. Even though this discount sounds good, you may still want to get quotes from other companies to help ensure you have the lowest rates.
New Jersey car insurance companies
Selecting the best car insurance company is hard considering how many different companies sell coverage in Jersey City. The ranking information listed below could help you pick which auto insurers you want to consider when shopping your coverage around.
Top 10 Jersey City Car Insurance Companies Overall
- Mercury Insurance
- The Hartford
- Progressive
- Travelers
- State Farm
- Farmers Insurance
- Safeco Insurance
- USAA
- GEICO
- 21st Century
The most affordable rates come from being thorough
Throughout this article, we presented quite a bit of information on how to shop for BMW 328i insurance online. The key thing to remember is the more times you quote, the better your comparison will be. Drivers may even discover the biggest savings come from a small local company.
People switch companies for any number of reasons including extreme rates for teen drivers, high rates after DUI convictions, questionable increases in premium and even unfair underwriting practices. Whatever your reason, choosing a new company can be less work than you think.
When you buy Jersey City auto insurance online, never buy poor coverage just to save money. There are a lot of situations where an insured dropped liability coverage limits only to regret at claim time they didn’t have enough coverage. Your focus should be to buy a smart amount of coverage at the best cost while not skimping on critical coverages.
To learn more, feel free to visit the resources below:
- Event Data Recorders FAQ (iihs.org)
- Who Has the Cheapest Jersey City Car Insurance for Drivers with a DUI? (FAQ)
- How Much are Car Insurance Quotes for Drivers Under 21 in Jersey City? (FAQ)
- Who Has the Cheapest Jersey City Auto Insurance Rates for First-time Drivers? (FAQ)
- What Auto Insurance is Cheapest for Electric Cars in Jersey City? (FAQ)
- How Much are Car Insurance Rates for a Jeep Wrangler in Jersey City? (FAQ)
- Who Has Cheap Jersey City Auto Insurance for a Chevrolet Equinox? (FAQ)
- Think You’re a Safe Driver? (State Farm)
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
- Safety Belts FAQ (iihs.org)