When you buy your new Lexus in Englewood, NJ, one of the things you’ll have to budget for is car insurance. While New Jersey doesn’t offer the cheapest rates in the US, you can still do many things to make sure you receive a reasonable quote. In today’s article, you will find out what you can expect to pay for your insurance every year and which factors lower your bill, so you can make the most informed choice possible.
How Much Is Car Insurance in Englewood, NJ?
According to Bankrate, the average cost of insurance with full coverage for drivers in New Jersey is $1,757, which is slightly higher than the national average. This is because there have been more car accidents and fatalities in the last year than previously. Although this figure might seem high, there is a lot you can do to make sure you get the best rate possible.
If you have a healthy emergency fund and would be okay in the unlikely case of an accident, you could opt for minimal coverage, which might only cost you $847. What’s more, you can shop around to find the best quote possible. This could make a big difference to your bottom line since the various insurance companies operate in very different ways. Let’s look at some other factors that affect the cost of New Jersey insurance.
The Age of the Driver
In general, insurance companies believe that younger drivers are much riskier than their older counterparts since they don’t yet have any road experience and might be more reckless. People aged 16, 17, and 18 are likely to pay the most significant amount for their insurance. However, the good news is that your quote will likely go down over time. Once a driver is over 70, the cost of insurance increases again.
Your Driving Record
Most insurance companies offer a discount for people with a clean driving record. It’s well worth conserving this by driving carefully, as it can take a long time to rebuild trust once you’ve lost it. When driving, always follow the local traffic rules. The easiest way to stay safe on the road is to allow plenty of time for all of your trips and eliminate distractions such as phones, food, and drinks.
Safety Features
Another reason why you might be able to get a discount is if you install certain advanced safety features in your car or purchase an anti-theft device. That way, the insurance company knows that you are serious about safety and that you’re less likely to make a claim later on. The best way to find out which features you need is to contact your local dealership and speak to them about it, and they will have many years of experience when it comes to buying insurance.
In New Jersey, you might pay over $1,700 for your vehicle insurance if you opt for full coverage. Mature drivers, people with a clean record, and those who have installed extra features on their cars are likely to pay less.
To find out more and learn which safety features you can add to your next Lexus vehicle, get in contact with us at DARCARS Lexus of Englewood today! We look forward to hearing from you soon.
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