It’s unlikely that you have ever sat down and gone through your insurance coverages line by line to really understand what’s in them. Even when you go out to get New Jersey car insurance quotes instantly it’s probably a scary prospect That’s because policies are full of what sounds like legalese or at the very least, trade jargon, terms that sound impossible to understand. It’s almost as if you need to have a dictionary at hand when you go through it.
But it really does benefit drivers to understand the ins and outs of the policy in case a claim ever needs to be filed. But also, it’s important to understand what you have purchased to make sure that you’re getting a good deal.
First, you don’t want to underinsured, which means you need to know what the state’s minimum liability requirements are. But you don’t want to over-insure, either. After all, you’ve got plenty of other bills to pay and don’t want an insurance bill that is larger than it needs to be.
And while we think we should be able to trust vendors to give us the best deal possible when we get New Jersey car insurance quotes, we won’t know for sure unless we understand the details.
We should also compare multiple vendors who may offer the same coverage, only at lower cost. Or perhaps some vendors offer discounts that others do not. It’s true that the older generation often knew their agents personally, whereas in our high-tech world, much of this kind of business is done online. But that is more of an advantage, in that it puts all kinds of information at our fingertips for easy comparison. If we have looked at three or four different carriers, we can be pretty well assured that we have made a cost-effective decision.
What discounts might be available? Discounts will depend on your circumstances. For example, discounts are often available for policies on new cars. The more a car is tricked out with safety features, the better the premium price., because a safe car is one that is responsible for fewer claims. It is a lower-risk scenario for insurers. So if you can, load up on safety options, like anti-lock brakes, braking assistance, rear-view cameras, back-up alerts, blind-spot indicators and the like. These are features that will not only make you a safer driver but also will pay off in lower premiums. It would be wise to check with companies to find out more about which features they will provide discounts for before you buy a new car, so you can maximize your purchase.
Here’s something else you may not know. Some cars are more appealing to car thieves than others. Honda is a particularly attractive brand not only for consumers but also for thieves: its Accords and Civics are some of the most stolen vehicles and so they can be more expensive to insure.
Maybe you have other kinds of insurance. See if by bundling—or combining—them under one company you might be able to get a lower price. That is often the case because companies want all your business, not just part of it.
Have you had accidents within the past three years? If you have been claim-free you may just get a better price on a policy. Is your driving record clean? Again, a clean driving record can qualify you for a Safe Driver discount.
If you are a senior citizen and taken a mature driver course, you may get a break on rates. Same with younger drivers who take Driver Education courses. Both are a good idea because both older and younger drivers represent higher road risks.
One unusual discount is the “good student” discount. If your teen qualifies, this could save you money. Be sure to ask about this when you get New Jersey car insurance quotes.
Don’t be surprised to hear that your credit record counts. That’s because insurers are concerned with risk. That is how premiums are calculated. Drivers with bad credit are also poor risks in the claims arena
If you own your own home, you may be offered a discount and that’s for the same reason. Owners tend to be lower risk than non-owners.
Make sure you keep your policy up to date, pay premiums on time and carry proof of your policy with you at all times. If a police officer asks to see it, you must present it. That’s why most companies give their insureds two wallet cards: one for the glove box and one to carry in a wallet.
These are some of the considerations that you should know about, at minimum, to help make sure you get the very best deal possible.