It takes a little time, but the best way to get affordable car insurance rates is to start comparing prices regularly from providers who sell auto insurance in Jersey City.
- Gain an understanding of how car insurance works and the modifications you can make to drop your rates. Many rating factors that cause high rates such as your driving record and poor credit rating can be improved by making small lifestyle or driving habit changes. Later in this article we will cover more information to get affordable coverage and find additional discounts.
- Compare rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can provide rates from a single company like Progressive or Farmers Insurance, while independent agents can give you price quotes from multiple companies. Get quotes now
- Compare the new rate quotes to your current policy premium to determine if you can save on xD insurance. If you find a lower rate and buy the policy, make sure coverage does not lapse between policies.
- Provide notification to your current company of your intention to cancel your existing policy. Submit payment along with a signed and completed policy application for your new policy. Immediately upon receiving it, keep the new proof of insurance certificate in an easily accessible location.
One important bit of advice is to make sure you enter the same physical damage deductibles and liability limits on every quote and and to get rates from as many car insurance companies as possible. Doing this guarantees the most accurate price comparison and a complete price analysis.
It’s an obvious conclusion that car insurance companies don’t want you to compare rates. People who compare other prices will most likely switch to a new company because there is a significant possibility of finding a more affordable policy premium. A study discovered that consumers who regularly compared price quotes saved about $3,500 over four years compared to people who never shopped around.
If finding discount rates on insurance is why you’re here, then understanding how to find and compare insurance coverage can help make the process easier.
The car insurance companies shown below can provide comparison quotes in New Jersey. If multiple companies are listed, it’s highly recommended you get rate quotes from several of them in order to find the lowest rates.
Scion xD coverage analysis
The table displayed next showcases detailed analysis of insurance costs for Scion xD models. Having a better idea how insurance premiums are formulated can help drivers make decisions when shopping around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XD 4-Dr Hatchback | $328 | $688 | $496 | $30 | $148 | $1,690 | $141 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Price estimates do not factor in specific garaging location which can change prices substantially.
Raise deductibles and save
When shopping for car insurance, a common question is how high should your deductibles be. The tables below outline how much more you’ll pay when you select higher and lower comp and collision deductibles. The first rate estimation uses a $100 deductible and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XD 4-Dr Hatchback | $360 | $746 | $480 | $28 | $144 | $1,783 | $149 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XD 4-Dr Hatchback | $200 | $394 | $480 | $28 | $144 | $1,246 | $104 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Estimates do not factor in the specific area where the vehicle is garaged which can raise or lower coverage rates noticeably.
Based on the data above, we can derive that using a $100 deductible would cost the average driver about $45 more each month or $540 a year averaged for all xD models than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 20 months between claim filings, you would most likely save money if you choose a higher deductible.
The example below highlights how deductible choice and can raise or lower Scion xD yearly insurance costs for different ages of insureds. The premiums are based on a single male driver, comp and collision included, and no discounts are applied to the premium.
Scion xD insurance rates: Men versus women
The diagram below shows the comparison of Scion xD insurance costs for male and female drivers. The data assumes a clean driving record, no claims, comprehensive and collision coverage, $500 deductibles, marital status is single, and no other discounts are factored in.
Full coverage rates vs. liability-only
The chart below visualizes the comparison of Scion xD car insurance costs with full coverage compared to only the New Jersey minimum liability coverage. The premiums are based on no claims, a clean driving record, $1,000 deductibles, drivers are single, and no other discounts are factored in.
When to drop comp and collision
There is no definitive guideline for phasing out physical damage insurance, but there is a broad guideline. If the yearly cost of full coverage is about 10% or more of the settlement you would receive from your company, then you may need to consider dropping full coverage.
For example, let’s pretend your Scion xD settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $3,000 after paying your deductible. If you are currently paying more than $300 a year for your policy with full coverage, then you may need to consider dropping full coverage.
There are some conditions where removing full coverage is not advised. If you still owe money on your vehicle, you must maintain physical damage coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should maintain full coverage.
Insurance is not optional in New Jersey
Despite the high insurance cost for a Scion xD in Jersey City, insuring your vehicle serves a purpose in several ways.
- Most states have minimum mandated liability insurance limits which means you are required to carry specific minimum amounts of liability in order to license the vehicle. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you have a loan on your Scion xD, more than likely the lender will have a requirement that you buy full coverage to ensure the loan is repaid in case of a total loss. If you default on your policy, the lender may have to buy a policy to insure your Scion at a much higher premium rate and require you to fork over for it.
- Insurance preserves not only your car but also your financial assets. It also can pay for medical bills that are the result of an accident. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit if someone files suit against you as the result of an accident. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage.
The benefits of buying insurance outweigh the cost, especially for larger claims. But the average American driver overpays more than $750 every year so you should quote your policy with other companies at every renewal to be sure current rates are still competitive.
The Scion xD Insurance Premium Equation
Many things are used when quoting car insurance. Some are obvious like a motor vehicle report, although others are more obscure such as your marital status or your commute time.
The items below are some of the most rate-impacting factors used by insurance companies to determine rates.
Better rates on cars with good safety ratings – Cars with five star safety ratings get lower rates. Safer cars have better occupant injury protection and lower rates of occupant injuries means lower claim amounts which can result in lower premiums.
Avoid traffic tickets – Only having one ticket can bump up the cost by as much as thirty percent. Drivers with clean records pay less for auto insurance as compared to careless drivers. Drivers who have received license-revoking violations such as DWI, reckless driving or hit and run convictions may need to submit a SR-22 or proof of financial responsibility with their state in order to drive a vehicle legally.
The information below illustrates how traffic citations and at-fault accidents can increase Scion xD insurance prices for different insured age categories. The data is based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied.
Single vs. married – Your spouse may cut your premiums on your auto insurance policy. Having a significant other generally demonstrates drivers are more responsible and statistics prove married drivers tend to file fewer claims.
Youthful drivers cost more – Teen drivers in New Jersey tend to be more careless with other occupants in the car so auto insurance rates are higher. Older insureds tend to be more responsible, tend to file fewer claims, and receive fewer citations.
The data below assumes a single driver, full coverage with $500 deductibles, and no discounts or violations.
Poor credit rating equals high prices – Having a bad credit rating is likely to be a major factor in determining what you pay. If your credit history is low, you could potentially save money when insuring your Scion xD by repairing your credit. Insureds that have very high credit ratings tend to be more responsible and file fewer claims than those with bad credit.
Policy add-ons add up – There are a lot of extra add-on coverages you can purchase if you aren’t careful. Coverages for rental car coverage, accident forgiveness, and Farm Bureau memberships could be just wasting money. They may sound like good ideas when buying your policy, but if they’re wasting money think about removing them and cutting costs.
Take policy discounts and save on Scion xD insurance in Jersey City
Some companies don’t always advertise the complete list of policy discounts very well, so the below list has both the well known and also the more inconspicuous discounts that you can inquire about if you buy Jersey City car insurance online.
- Data Collection Discounts – Insureds who allow companies to monitor their driving habits by using a telematics device such as State Farm’s In-Drive could possibly reduce rates as long as the data is positive.
- Air Bags and Passive Restraints – Factory air bags or motorized seat belts could see savings of 20% or more.
- Discounts for Multiple Vehicles – Drivers who insure several vehicles on the same insurance policy may reduce the rate for each vehicle.
- Anti-lock Brakes – Cars that have steering control and anti-lock brakes can reduce accidents and therefore earn up to a 10% discount.
- Seat Belts Save more than Lives – Drivers who always wear seat belts and also require passengers to buckle up can save a little off the PIP or medical payment premium.
- Waiver for an Accident – Not a discount per se, but a few companies such as Liberty Mutual, GEICO and Allstate will forgive one accident before raising your premiums so long as you haven’t had any claims for a certain period of time.
- Pay Now and Pay Less – If you can afford to pay the entire bill instead of monthly or quarterly installments you could save up to 5%.
- Discount for Multiple Policies – When you have multiple policies with one insurance company you may earn as much as 10 to 15 percent.
Policy discounts save money, but some of the credits will not apply to the entire policy premium. Most only reduce the cost of specific coverages such as liability and collision coverage. Despite the fact that it seems like you can get free auto insurance, company stockholders wouldn’t be very happy. Any amount of discount will help reduce your policy premiums.
The chart below shows the difference between Scion xD car insurance costs with and without discounts applied to the policy rates. The premiums assume a female driver, no claims, a clean driving record, New Jersey state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, homeowner, multi-policy, claim-free, and safe-driver discounts applied.
A few popular companies and some of their more popular discounts are outlined below.
- GEICO offers premium reductions for anti-theft, multi-vehicle, federal employee, good student, driver training, and multi-policy.
- MetLife discounts include good student, defensive driver, accident-free, good driver, and multi-policy.
- Progressive has discounts for online signing, multi-vehicle, good student, online quote discount, multi-policy, continuous coverage, and homeowner.
- Travelers offers discounts including multi-car, home ownership, continuous insurance, payment discounts, and good student.
- SAFECO may include discounts for teen safe driver, teen safety rewards, safe driver, bundle discounts, drive less, and anti-lock brakes.
- AAA offers discounts for anti-theft, good driver, education and occupation, AAA membership discount, and multi-car.
It’s a good idea to ask each company which discounts can lower your rates. Some of the earlier mentioned discounts may not apply to policyholders in Jersey City.
How much auto insurance do I need?
When buying adequate coverage, there really is no single plan that fits everyone. Every situation is different and your auto insurance should unique, too.
For example, these questions can help discover if your situation might need professional guidance.
- What is PIP insurance?
- Is upholstery damage covered by car insurance?
- At what point should I drop full coverage?
- How many claims can I have before being canceled?
- Do I pay less if my vehicle is kept in my garage?
- Is coverage enough to protect my assets?
- When should I not file a claim?
- Is my nanny covered when driving my vehicle?
- What is medical payments coverage?
- Should I bundle my homeowners policy with my auto?
If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area. It only takes a few minutes and may give you better protection.
Should I have guidance from an insurance agency?
Some consumers just want to buy from a local agent and that can be a smart move Most agents will help you protect your assets and give you someone to call. One of the benefits of comparing rates online is that you can find the lowest rates and still have a local agent.
To find an agent, once you fill out this short form, the quote information is immediately sent to companies in Jersey City who will return price quotes for your insurance coverage. You won’t need to even leave your home because quoted prices will be sent immediately to your email address. In the event you want to get a price quote from a particular provider, feel free to search and find their rate quote page and complete a quote there.
Choosing the best provider requires more thought than just a low price. Agents should be asked these questions:
- If you have an accident, will your rates go up?
- Who is covered by the car insurance policy?
- Will the agent help in case of a claim?
- Will they take your side in the event of a claim?
- What will you get paid if your car is a total loss? How is that amount determined?
Pick the best auto insurance agent in Jersey City for you
If you would like to find an insurance agent, it’s helpful to know the types of agencies and how they differ in how they can insure your vehicles. Auto insurance agencies can be described as either independent or exclusive. Both types of agents can provide auto insurance policies, but it is a good idea to know the difference between them because it can impact your selection of an agent.
Exclusive Agencies
Exclusive agents can usually just insure with one company such as American Family, State Farm, and Allstate. These agents are not able to provide rate quotes from other companies so keep that in mind. Exclusive agencies receive a lot of sales training on the products they sell and that allows them to sell at a higher price point. Consumers often buy from exclusive agents primarily because of the brand name instead of buying on price only.
The following are exclusive agencies in Jersey City who can help you get price quote information.
- Hemant Jiwnani – State Farm Insurance Agent
2770 John F Kennedy Blvd, FL-1 – Jersey City, NJ 07306 – (201) 653-1770 – 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
Independent Auto Insurance Agents
Agents in the independent channel are not limited to a single company and that is an advantage because they can write policies with many different companies enabling the ability to shop coverage around. If your premiums go up, your agent can just switch to a different company and you don’t have to do anything.
When comparing auto insurance prices, we recommend you include rate quotes from a couple of independent agencies for the best price selection. Most also write with smaller mutual companies that can offer cheaper rates than bigger companies.
Shown below are Jersey City independent agencies that can give you rate quotes.
- Wexford Insurance
45 Laidlaw Ave – Jersey City, NJ 07306 – (201) 659-6050 – View Map - GG Insurance – Independent Insurance Agent
270 Marin Boulevard, Metropolis Towers Suite #14D – Jersey City, NJ 07302 – (800) 801-0394 – View Map - Petrocci Agency
1674 John F. Kennedy Blvd # A – Jersey City, NJ 07305 – (201) 434-4760 – View Map
Cheaper auto insurance rates are out there
When shopping online for auto insurance, never skimp on coverage in order to save money. There have been many cases where consumers will sacrifice comprehensive coverage or liability limits and discovered at claim time that their decision to reduce coverage ended up costing them more. Your goal is to buy enough coverage at the best price, not the least amount of coverage.
Cheaper auto insurance in Jersey City is possible on the web and also from your neighborhood Jersey City agents, so you need to quote Jersey City car insurance with both to get a complete price analysis. Some auto insurance companies may not offer internet price quotes and these small insurance companies sell through local independent agents.
We covered some good ideas how to save on Scion xD insurance in Jersey City. The most important thing to understand is the more rate comparisons you have, the better likelihood of getting affordable Scion xD insurance quotes. You may even be surprised to find that the best price on auto insurance is with a small mutual company. Smaller companies may only write in your state and offer lower prices than the large multi-state companies such as Progressive and GEICO.
Much more information about auto insurance in New Jersey can be found at these links:
- Things to Know Before you Cancel Insurance (Allstate)
- Who Has Cheap Jersey City Car Insurance Rates for College Students? (FAQ)
- How Much is Auto Insurance for a Subaru Forester in Jersey City? (FAQ)
- Information for Teen Drivers (GEICO)
- Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)
- Keeping Children Safe in Crashes Video (iihs.org)