Lower Your 1997 Jaguar XK-Series Insurance Cost

Trying to find low-cost insurance for your Jaguar XK-Series can turn out to be a lot of work, but you can learn these tips to find lower rates. There are more efficient ways to find auto insurance online and you need to know the absolute fastest way to compare rates for a Jaguar and find the lowest possible price from both online companies and local agents.

You probably qualify for some discounts

Auto insurance companies don’t always list all their discounts in a way that’s easy to find, so here is a list both the well known and also the lesser-known ways to save on insurance. If you aren’t receiving every discount possible, you are paying more than you should be.

  • Anti-lock Brakes – Anti-lock brake equipped vehicles prevent accidents and earn discounts up to 10%.
  • Safe Drivers – Drivers who don’t get into accidents may save up to 50% more for XK-Series coverage than less cautious drivers.
  • Driver’s Ed – Require your teen driver to enroll in driver’s education if it’s offered in school.
  • One Accident Forgiven – Certain companies allow you one accident before raising your premiums if your claims history is clear prior to the accident.
  • Early Switch Discount – Select companies give a discount for signing up before your current expiration date. It’s a savings of about 10%.
  • Seat Belts Save more than Lives – Requiring all passengers to buckle their seat belts could save 15% off your medical payments premium.
  • Pay Upfront and Save – By paying your policy upfront instead of paying each month you could save 5% or more.

A little note about advertised discounts, most of the big mark downs will not be given to the entire cost. Some only reduce the cost of specific coverages such as liability and collision coverage. So when it seems like adding up those discounts means a free policy, you won’t be that lucky.

To see a list of companies with the best insurance discounts, click here.

Comprehensive Insurance Coverage Comparison Quotes

Shopping for lower insurance coverage rates can be challenging if you don’t understand the most efficient way to do it. You could waste time talking about coverages with agents in your area, or you can stay home and use the web to get pricing more quickly.

Most of the larger companies enroll in a system where prospective buyers submit one quote, and each participating company can give them a price determined by their information. This system prevents you from having to do quotation requests to each company.

To find out what other companies charge for 1997 Jaguar XK-Series insurance click here (opens in new window).

The one downside to getting quotes like this is you don’t know exactly the insurers you will receive quotes from. So if you want to choose specific insurance companies to compare prices, we have a listing of companies who write insurance coverage in your area. Click here for list of insurance companies.

It doesn’t matter which method you choose, just make absolute certain that you use apples-to-apples coverage limits for each price quote. If each company quotes different deductibles it will be very difficult to determine the best price for your Jaguar XK-Series.

Impacting insurance rates for a Jaguar XK-Series

Consumers need to have an understanding of the factors that play a part in calculating insurance coverage rates. Knowing what determines base rates empowers consumers to make smart changes that can help you get much lower annual insurance costs.

  • Marriage pays dividends – Having a wife or husband can actually save you money on your policy. Marriage is viewed as being more mature than a single person and it’s statistically proven that being married results in fewer claims.
  • High deductibles save money – Physical damage insurance, termed comprehensive and collision coverage on your policy, is used to repair damage to your Jaguar. Examples of covered claims could be running into the backend of another car, damage from fire, and windstorm damage. The deductibles are how much you are required to spend before a claim is paid by your company. The more money you’re willing to pay, the less your company will charge you for insurance for XK-Series coverage.
  • An active claims history can cost you – Car insurance companies generally give cheaper rates to drivers who do not file claims often. If you tend to file frequent claims, you can pretty much guarantee either policy cancellation or increased premiums. Your insurance policy is intended to be relied upon for larger claims.
  • Safe vehicles cost less to insure – Safer cars are cheaper to insure. These vehicles protect occupants better and any reduction in injury severity translates into savings for insurance companies passed on to you as lower rates. If the Jaguar XK-Series has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
  • Extra add-on coverages are wasting money – There are quite a few extra bells and whistles that you can get tricked into buying on your insurance coverage policy. Insurance for roadside assistance, accidental death and membership fees may be wasting your money. They may seem like a good idea at first, but your needs may have changed so eliminate the coverages to reduce your premium.
  • Do you qualify for a multi-policy discount? – Many insurance companies will award you with lower prices to policyholders who buy several policies from them, otherwise known as a multi-policy discount. Even with this discount, you may still want to compare other company rates to make sure you are getting the best deal. You may still find better rates by splitting coverages up.
  • Younger drivers pay higher rates – More mature drivers are more cautious drivers, file fewer claims and receive fewer citations. Young drivers are known to be more careless when driving therefore insurance coverage rates are much higher.

There’s no such thing as the perfect policy

When it comes to choosing proper insurance coverage, there isn’t really a “perfect” insurance plan. Everyone’s situation is a little different.

For instance, these questions might point out if your insurance needs might need professional guidance.

  • Why does it cost so much to insure a teen driver?
  • Am I covered when pulling a rental trailer?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Is pleasure use cheaper than using my 1997 Jaguar XK-Series to commute?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Is business property covered if stolen from my car?
  • What companies insure drivers after a DUI or DWI?
  • Can my teen driver be rated on a liability-only vehicle?
  • Am I better off with higher deductibles on my 1997 Jaguar XK-Series?
  • Is my state a no-fault state?

If you don’t know the answers to these questions, you might consider talking to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form. It only takes a few minutes and can help protect your family.

Ads can be misleading

Drivers get pounded daily by advertisements for the lowest price auto insurance by companies like State Farm and Allstate. All the ads make the same claim that you’ll save big if you switch to them.

How do they all say the same thing?

All companies have a preferred profile for the type of driver that makes them money. For example, a preferred risk might be over the age of 40, owns a home, and has great credit. A driver that hits that “sweet spot” receives the best rates and most likely will pay quite a bit less when switching companies.

Consumers who don’t meet these standards will be charged higher rates and this can result in business not being written. The ads state “customers that switch” not “everyone that quotes” save that much money. That is how insurance companies can confidently claim big savings. That is why it’s extremely important to get as many quotes as possible. It’s impossible to know which insurance coverage company will give you the biggest savings on Jaguar XK-Series insurance.

Educate yourself about insurance coverages

Knowing the specifics of your policy can help you determine appropriate coverage for your vehicles. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP provide coverage for immediate expenses for things like prosthetic devices, pain medications, EMT expenses, funeral costs and dental work. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants and also covers getting struck while a pedestrian. PIP is not universally available and may carry a deductible

Comprehensive insurance – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like falling objects, a broken windshield, hitting a bird and damage from getting keyed. The maximum payout you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision coverage – This will pay to fix damage to your XK-Series resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims like scraping a guard rail, sustaining damage from a pot hole, hitting a mailbox, damaging your car on a curb and crashing into a ditch. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. You can also raise the deductible to save money on collision insurance.

Liability insurance – Liability insurance will cover damage that occurs to other people or property in an accident. It protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability coverage pays for things like legal defense fees, funeral expenses, structural damage, medical expenses and loss of income. The amount of liability coverage you purchase is a decision to put some thought into, but buy as high a limit as you can afford.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

A tidy conclusion

Cheap 1997 Jaguar XK-Series insurance can be bought from both online companies and with local insurance agents, so compare prices from both to have the best rate selection. Some auto insurance companies do not offer online quoting and many times these small insurance companies only sell through independent insurance agents.

We covered a lot of techniques to lower your insurance rates. The most important thing to understand is the more rate quotes you have, the better chance you’ll have of finding lower rates. You may be surprised to find that the lowest rates come from an unexpected company.

As you go through the steps to switch your coverage, do not skimp on critical coverages to save a buck or two. There are many occasions where an accident victim reduced collision coverage to discover at claim time that the savings was not a smart move. Your strategy should be to find the BEST coverage at the best price.

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