Trying to find better auto insurance rates for your Jaguar XJ-Series? Having to pay for overpriced auto insurance can drain your personal savings and make it hard to pay other bills. Comparison shopping is a great way to make sure you’re not throwing money away. Big-name insurance companies like State Farm, Geico and Farmers Insurance increase brand awareness with fancy advertisements and it is difficult to not get sucked in by the cute commercials and find the best price available.
Consumers should take time to get comparison quotes yearly since insurance rates change regularly. Just because you found the best price on XJ-Series coverage six months ago you may be paying too much now. Block out anything you think you know about auto insurance because you’re about to learn the tricks you need to know to find great coverage at a great price.
Car insurance is not cheap, but you may find discounts to reduce the price significantly. Some trigger automatically at quote time, but some must be manually applied in order for you to get them. If you’re not getting every credit you deserve, you’re just leaving money on the table.
It’s important to understand that most discounts do not apply to all coverage premiums. Most only cut the cost of specific coverages such as physical damage coverage or medical payments. Just because it seems like having all the discounts means you get insurance for free, it doesn’t quite work that way. But any discount will reduce the cost of coverage.
Insurance companies that possibly offer some of the above discounts include:
Check with all companies you are considering how you can save money. Discounts might not apply in your area.
When choosing adequate coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s so your insurance needs to address that. For example, these questions may help you determine if your insurance needs would benefit from an agent’s advice.
If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of insurance companies in your area. It is quick, free and you can get the answers you need.
Consumers get pounded daily by advertisements for the lowest price auto insurance by State Farm and Allstate. They all seem to say the same thing of big savings if you move to their company.
How does each company make almost identical claims?
Insurance companies have a certain “appetite” for the right customer that earns them a profit. An example of a profitable customer could possibly be between the ages of 40 and 55, has no driving citations, and has a high credit rating. Any driver that hits that “sweet spot” will get very good rates and is almost guaranteed to save when switching.
Drivers who are not a match for the “perfect” profile will have to pay a more expensive rate which usually ends up with the customer not buying. The ad wording is “customers who switch” but not “drivers who get quotes” save money. That’s the way insurance companies can make the claims of big savings.
Because of the profiling, you should get as many comparisons as possible. It’s not possible to predict which company will have the lowest Jaguar XJ-Series insurance rates.
Having a good grasp of your insurance policy helps when choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Below you’ll find typical coverage types found on most insurance policies.
Auto liability – This protects you from injuries or damage you cause to other’s property or people that is your fault. It protects you against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.
Liability insurance covers claims such as structural damage, legal defense fees, court costs and loss of income. The amount of liability coverage you purchase is up to you, but consider buying as high a limit as you can afford.
Comprehensive coverage (or Other than Collision) – Comprehensive insurance will pay to fix damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims like hitting a bird, damage from a tornado or hurricane and theft. The most a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.
Uninsured Motorist or Underinsured Motorist insurance – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your 2003 Jaguar XJ-Series.
Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important. Usually the UM/UIM limits are set the same as your liablity limits.
Insurance for medical payments – Coverage for medical payments and/or PIP pay for short-term medical expenses for rehabilitation expenses, ambulance fees and hospital visits. They are often used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay
Collision coverages – This covers damage to your XJ-Series caused by collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers claims such as damaging your car on a curb, driving through your garage door, colliding with a tree and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. You can also bump up the deductible to bring the cost down.
You just learned many ways to save on 2003 Jaguar XJ-Series insurance. The most important thing to understand is the more quotes you get, the higher the chance of saving money. Drivers may discover the lowest premiums are with an unexpected company. Smaller companies may have significantly lower rates on certain market segments than the large multi-state companies such as Geico and State Farm.
As you go through the steps to switch your coverage, never buy lower coverage limits just to save a few bucks. There have been many situations where someone sacrificed comprehensive coverage or liability limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to find the BEST coverage for the lowest price.
Cheap insurance can be found on the web and also from your neighborhood agents, and you need to price shop both so you have a total pricing picture. Some insurance providers may not provide you the ability to get quotes online and usually these small, regional companies provide coverage only through local independent agents.
More detailed insurance information can be found in these articles: