Are you sick of overpaying and want cheaper Toyota Prius V insurance in Jersey City? Finding cheap Toyota Prius V insurance in Jersey City could be a challenge for people new to quoting coverage prices online. With literally dozens of online companies available, it can quickly become a challenge to locate the lowest premium rates.
How to save on Toyota Prius V insurance in Jersey City
The best way to get cheaper Toyota Prius V insurance is to begin comparing prices regularly from different companies that sell auto insurance in Jersey City. Drivers can shop around by completing these steps.
- Step 1: Take a few minutes and learn about coverages and the measures you can take to keep rates down. Many policy risk factors that result in higher prices such as at-fault accidents, careless driving, and a poor credit score can be improved by making lifestyle changes or driving safer. Later in this article we will cover additional tips to get lower rates and find possible discounts that are available.
- Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can provide rates from one company like GEICO and Allstate, while agents who are independent can give you price quotes from multiple insurance companies.
- Step 3: Compare the new rate quotes to your current policy premium and see if there is a cheaper rate. If you find better rates and make a switch, make sure there is no lapse in coverage.
One thing to point out is to make sure you’re comparing the same level of coverage on every quote request and to quote with as many different insurance providers as possible. Doing this provides the most accurate price comparison and a thorough selection of prices.
Inconceivable but true, over 70% of drivers have been with the same company for at least the last four years, and almost 40% of drivers have never compared rates with other companies. Jersey City drivers could cut their rates by up to 40% a year just by shopping around, but they just assume it’s a time-consuming process to compare rates and save money.
If you are already insured, you stand a good chance to be able to find the best rates using the tips covered below. Shopping around for the best-priced auto insurance in Jersey City is easy if you know what you’re doing. But New Jersey car owners should learn the way companies calculate your policy premium and apply this information to your search.
What Impacts Toyota Prius V Insurance Costs?
Many different elements are part of the calculation when you get your auto insurance bill. Some are pretty understandable like a motor vehicle report, but others are not as apparent like your continuous coverage and annual miles driven. It’s important that you understand a few of the rating criteria that play a part in calculating the price you pay for auto insurance. When you understand what determines premiums, this enables informed choices that can earn you cheaper rates.
Listed below are some of the items companies use to determine prices.
Lower premiums for safer cars – Vehicles with good safety scores are cheaper to insure. Safe vehicles reduce the chance of injuries and lower rates of occupant injuries means your insurance company pays less and lower rates for you. If the Toyota Prius V is rated at a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you may pay a lower rate.
Costs for males may be higher – Over the last 30 years, statistics show that women are safer drivers than men. It does not mean females are better at driving than males. Males and females tend to get into fender benders in similar percentages, but the men cause more damage and cost insurance companies more money. In addition to higher claims, males also get cited for more serious violations such as reckless driving.
Single vs. married – Being married can actually save you money when buying auto insurance. It may mean you are more responsible and it’s statistically proven that married drivers get in fewer accidents.
Cheaper rates by combining – Many companies allow discounts to customers who consolidate policies with them. It’s known as a multi-policy discount. This can amount to ten percent or more. Even if you qualify for this discount already, you may still want to shop around to guarantee you are still saving the most.There is a good possibility that you can find a better deal by buying from different companies
Never go without auto insurance – Having a lapse in insurance coverage is a guaranteed way to drive up your policy premiums. Not only will you pay more, getting caught without coverage could earn you a license revocation or jail time. You will then be forced to file a SR-22 with the New Jersey department of motor vehicles.
Insurance losses for a Toyota Prius V – Insurance companies use data from past claims to calculate a rate that offsets possible losses. Models that statistically have a higher amount or frequency of claims will have higher premium rates.
The table below outlines the insurance loss data used by companies for Toyota Prius V vehicles. For each coverage category, the claim amount for all vehicles, regardless of manufacturer or model, is represented as 100. Values below 100 are indicative of better than average losses, while values that are above 100 indicate higher probability of having a loss or tendency to have higher losses.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Toyota Prius V Hybrid | 94 | 86 | 88 | 88 | 94 | 97 |
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Where can I get cheap Jersey City Toyota Prius V insurance?
When price shopping your coverage, comparing all the rates in your area increases the chance that you will find the best offered rates. Some regional insurers cannot provide rate quotes online, so you also need to get price quotes from them, too.
The auto insurance companies shown below are our best choices to provide free quotes in Jersey City, NJ. If multiple companies are listed, it’s highly recommended you compare several of them to get the best price comparison.
Auto insurance is an important decision
Even though Jersey City Prius V insurance rates can get expensive, insuring your vehicle is required in New Jersey but also provides important benefits.
- Just about all states have mandatory liability insurance requirements which means state laws require a minimum amount of liability coverage in order to get the vehicle licensed. 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 your Prius V has a lienholder, most banks will require you to buy full coverage to ensure loan repayment if the vehicle is totaled. If the policy lapses, the lender may insure your Toyota at a much higher premium rate and force you to pay for the expensive policy.
- Insurance protects not only your car but also your financial assets. It will also cover most medical and hospital costs incurred in an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses if you are sued as the result of your driving. If your car is damaged in a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will cover the damage repairs after a deductible is paid.
The benefits of having auto insurance more than offset the price you pay, particularly when you have a large claim. Unknowingly, the average driver is wasting up to $825 a year so smart consumers compare quotes every year to ensure rates are competitive.
Lower rate quotes with discounts
Car insurance can be pricey, but you may be missing some discounts that can help lower your rates. Some discounts apply automatically when you quote, but once in a while a discount must be asked for before you get the savings. If you don’t get every credit you deserve, you’re paying more than you need to.
- ABS and Traction Control Discounts – Cars that have anti-lock braking systems have fewer accidents and will save you 10% or more on Prius V insurance in Jersey City.
- No Claim Discounts – Drivers with accident-free driving histories can earn big discounts as compared to policyholders that have many claims.
- Good Student – Maintaining excellent grades may save you up to 25%. This discount can apply up to age 25.
- Memberships – Being a member of certain professional organizations is a good way to get lower rates when getting a Jersey City auto insurance quote.
- Own a Home and Save – Just being a homeowner can help you save on car insurance since home ownership requires personal responsibility.
- Theft Prevention System – Anti-theft and alarm system equipped vehicles can help prevent theft and that can save you a little bit as well.
- Early Signing – Some insurance companies give discounts for switching companies before your current coverage expires. This discount can save up to 10%.
As is typical with insurance, most discounts do not apply to your bottom line cost. The majority will only reduce the price of certain insurance coverages like comp or med pay. Just because you may think you could get a free car insurance policy, it doesn’t quite work that way.
To choose insurers with the best Toyota Prius V insurance discounts in Jersey City in New Jersey, click here.
Buying from insurance agents
Some people prefer to visit with an insurance agent and that is a smart decision One of the great benefits of getting online price quotes is the fact that drivers can get cheap insurance quotes and still have an agent to talk to.
For easy comparison, once you complete this form (opens in new window), your insurance data gets sent to insurance agents in Jersey City that give free quotes for your insurance coverage. You won’t even need to do any legwork due to the fact that quote results will go immediately to you. You can find better rates and a licensed agent to talk to. If you want to compare rates from a specific insurance provider, don’t hesitate to visit that company’s website and fill out their quote form.
Choosing the best provider should depend on more than just a cheap price. These are some questions you should get answers to.
- Is auto insurance their primary focus in Jersey City?
- Do they offer rental car reimbursement?
- If they are an independent agency in Jersey City, which companies do they recommend?
- What will you get paid if your car is a total loss? How is that amount determined?
- Do the companies they represent have a solid financial rating?
- Can you get a list of referrals?
- How are they compensated?
If you are searching for a good Jersey City insurance agent, it can be helpful to understand the types of agencies and how they can quote your rates. Insurance agents can be categorized as either exclusive or independent agents depending on their company appointments.
Exclusive Agencies
Agents in the exclusive channel normally can only provide a single company’s rates like Allstate and State Farm. They generally cannot compare rates from other companies so if the price isn’t competitive there isn’t much they can do. Exclusive agencies are well schooled in insurance sales which helps them sell insurance even at higher premiums. Some insured continue to buy insurance from these agents mostly because of high brand loyalty and strong financial ratings.
Below is a short list of exclusive insurance agencies in Jersey City that can give you price quote information.
- Farmers Insurance – Mofalc Meinga
447 Central Ave – Jersey City, NJ 07307 – (201) 435-1616 – View Map - Mansa Nicome – State Farm Insurance Agent
86 NJ-35 – Neptune City, NJ 07753 – (732) 776-9999 – View Map - Joe Nachbaur – State Farm Insurance Agent
505 Central Ave – Jersey City, NJ 07307 – (201) 222-8866 – View Map
Independent Agencies or Brokers
Agents that elect to be independent are not employed by one company so they can insure your vehicles with any number of different companies enabling the ability to shop coverage around. If you want to switch companies, the agent simply finds a different carrier and you won’t have to switch agencies.
When comparing rates, we highly recommend that you include rate quotes from several independent agencies to get the best comparison. Most also have access to mutual insurance companies which can save you money.
The following is a list of independent agencies in Jersey City that are able to give rate quotes.
- GIM Agency Services Inc
263 Central Ave – Jersey City, NJ 07307 – (201) 792-4188 – View Map - ABL Insurance Services
910 Bergen Ave # 307 – Jersey City, NJ 07306 – (201) 222-1314 – View Map - Wexford Insurance
45 Laidlaw Ave – Jersey City, NJ 07306 – (201) 659-6050 – View Map
After receiving acceptable answers and a good coverage price, most likely you have located an insurance agency that is reputable and can properly service your insurance policy. Just keep in mind once you purchase a policy you can cancel coverage any time you want so don’t assume that you are obligated to a specific agent with no way to switch.
Your car insurance coverage should be tailored to you
Always remember that when buying the right insurance coverage, there really isn’t a perfect coverage plan. Your needs are unique to you so this has to be addressed.
Here are some questions about coverages that might point out whether your personal situation might need professional guidance.
- What is an SR-22 filing?
- Are my friends covered when driving my Toyota Prius V?
- How do I insure my teen driver?
- Can I afford low physical damage deductibles?
- Is business property covered if stolen from my car?
- Can I rent a car in Mexico?
- What if a claim settlement is too low?
- Am I getting all the discounts available?
- Does insurance cover tools stolen from my truck?
- Am I covered if I hit someone who is not insured?
If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies.
The best insurance company isn’t always the cheapest
You just read many ways to save on Toyota Prius V insurance in Jersey City. It’s most important to understand that the more quotes you get, the better chance you’ll have of finding affordable Jersey City auto insurance quotes. You may even be surprised to find that the lowest priced car insurance comes from a small mutual company. These smaller insurers can often provide lower premium rates in certain areas than their larger competitors like GEICO and State Farm.
Budget-friendly car insurance in Jersey City can be sourced from both online companies and also from your neighborhood Jersey City agents, and you should be comparing both so you have a total pricing picture. Some companies may not provide online rate quotes and usually these regional carriers prefer to sell through independent agents.
Steps to quoting cheaper Toyota Prius V insurance in Jersey City
If you want to find the absolute lowest rates, then the best way to get cheaper Toyota Prius V insurance is to begin comparing prices regularly from companies in Jersey City. You can shop around by following these guidelines.
Step 1: Take a few minutes and learn about what coverages are included in your policy and the factors you can control to keep rates in check. Many things that cause high rates such as multiple speeding tickets and your credit history can be improved by making minor driving habit or lifestyle changes.
Step 2: Obtain price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can give quotes from one company like Progressive or Farmers Insurance, while agents who are independent can provide rate quotes for many different companies.
Step 3: Compare the new rate quotes to your current policy to see if a cheaper rate is available. If you find a lower rate quote and change companies, make sure there is no lapse in coverage.
Step 4: Notify your company or agent of your intention to cancel your existing policy. Submit payment along with a signed and completed policy application to your new company or agent. Once the application is submitted, put the certificate verifying proof of insurance with the vehicle registration.
The key thing to remember is to use the same coverage limits and deductibles on every price quote and and to get quotes from as many companies as possible. Doing this provides a fair price comparison and a thorough selection of prices.
To read more, take a look at the articles below:
- Airbag FAQ (iihs.org)
- Prom Night Tips for Teen Drivers (State Farm)
- Child Safety Seats (Insurance Information Institute)
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- How do I File a Claim? (Insurance Information Institute)