2008 Jaguar XJ-Series Insurance Cost

I can’t think of a single person who enjoys paying for insurance coverage, particularly when the cost is way too high. Insurance companies such as State Farm, Progressive and GEICO increase brand awareness with fancy advertisements and it can be hard to avoid their marketing magic and effectively compare rates to find the best deal.

You should take the time to compare prices before your policy renews due to the fact that insurance rates are variable and change quite frequently. Despite the fact that you may have had the lowest price on XJ-Series coverage six months ago there is a good chance you can find better rates now. There is a lot of wrong information about insurance coverage online, so with this article, you’re going to get some solid techniques on how to find affordable insurance coverage.

If you have a policy now or are looking for a new policy, you will benefit by learning to reduce the price you pay while maintaining coverages. Buying car insurance is easy if you know what you’re doing. Drivers only need an understanding of the most efficient way to compare prices online.

Don’t miss out on these money-saving discounts

Insurance can cost an arm and a leg, but you can get discounts that can drop the cost substantially. Larger premium reductions will be automatically applied when you get a quote, but some must be specifically requested prior to getting the savings. If you don’t get every credit possible, you’re paying more than you need to.

  • Employee of Federal Government – Simply working for the federal government can save as much as 8% on XJ-Series coverage with select insurance companies.
  • Safe Driver Discount – Safe drivers may receive a discount up to 45% less on XJ-Series coverage than less cautious drivers.
  • Sign Online – Certain companies may give you up to $50 simply for signing over the internet.
  • Discount for New Cars – Adding a new car to your policy can save up to 30% since new cars are generally safer.
  • Senior Citizens – If you’re over the age of 55, you may receive better car insurance rates on XJ-Series coverage.
  • Good Students Pay Less – This discount can get you a discount of up to 25%. The discount lasts until age 25.
  • Lower Rates for Military – Being deployed with a military unit could mean lower rates.
  • No Accidents – Claim-free drivers pay less as compared to bad drivers.

It’s important to understand that some of the credits will not apply to the entire cost. The majority will only reduce specific coverage prices like medical payments or collision. Even though it may seem like adding up those discounts means a free policy, companies don’t profit that way. Any qualifying discounts will reduce your overall premium however.

For a list of insurers with the best car insurance discounts, follow this link.

Factors that might impact rates for a Jaguar XJ-Series

It’s important that you understand the rating factors that play a part in calculating your insurance coverage rates. Understanding what controls the rates you pay allows you to make educated decisions that can help you get much lower annual insurance costs.

Shown below are some of the factors companies use to determine your rates.

  • Pay less after the wedding – Being married can actually save you money when buying insurance coverage. Marriage is viewed as being more mature and responsible and it’s proven that being married results in fewer claims.
  • Younger drivers pay higher rates – Young drivers tend to be less responsible when behind the wheel so insurance coverage rates are higher. Older insureds tend to be more responsible, file fewer claims and are safer drivers.
  • Save money with special equipment – Purchasing a vehicle with a theft deterrent system can help lower your rates. Anti-theft features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping car theft.
  • Better credit means lower rates – A driver’s credit history is a large factor in your rate calculation. Therefore, if your credit rating is not that good, you could be paying less to insure your 2008 Jaguar XJ-Series by spending a little time repairing your credit. Drivers with excellent credit tend to file fewer claims and have better driving records than those with lower credit scores.
  • Do you need those extra coverages? – There are quite a few add-on coverages that can waste your money if you aren’t careful. Insurance for roadside assistance, accident forgiveness and additional equipment coverage are some examples. They may seem good initially, but now you might not need them so eliminate the coverages to reduce your premium.
  • Better crash test results mean better rates – Cars with high safety ratings tend to have better insurance rates. These vehicles result in less severe injuries and any reduction in injury severity means lower claim amounts passed on to you as lower rates. If your Jaguar XJ-Series scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.
  • Rates may be lower depending on your job – Occupations like doctors, business owners and dentists are shown to have the highest average rates because of job stress and long work hours. Other professions such as scientists, historians and retirees pay the least on XJ-Series coverage.
  • Liability coverage is cheap – Liability coverage will protect you when a jury decides you are liable for damages from an accident. Liability provides you with a defense in court which can be incredibly expensive. Liability insurance is quite affordable when compared with rates for comp and collision, so do not skimp.

Do I need special coverages?

When it comes to buying the right insurance coverage, there isn’t really a “best” method to buy coverage. Coverage needs to be tailored to your specific needs so your insurance needs to address that. Here are some questions about coverages that can help discover if you would benefit from professional advice.

  • What is medical payments coverage?
  • Are my friends covered when driving my car?
  • When can my company non-renew my policy?
  • Do I have coverage if my license is suspended?
  • How much underlying liability do I need for an umbrella policy?
  • Where can I get insurance after a DUI in my state?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Can my babysitter drive my car?
  • Can my teen driver be rated on a liability-only vehicle?
  • Does coverage extend to my business vehicle?

If it’s difficult to answer those questions, you might consider talking to an agent. To find an agent in your area, take a second and complete this form or click here for a list of auto insurance companies in your area. It is quick, free and can help protect your family.

Don’t believe everything you hear

Drivers can’t get away from ads for cheaper car insurance by 21st Century, Allstate and State Farm. They all have a common claim that you can save if you switch to their company.

How can each company say the same thing?

Different companies are able to cherry pick for the right customer that makes them money. For instance, a preferred risk could possibly be a mature driver, has no tickets, and has excellent credit. A driver who fits that profile will get very good rates and as a result will probably save a lot of money.

Drivers who do not match the “perfect” profile will be charged higher premiums which leads to business going elsewhere. The ads state “drivers who switch” but not “drivers who get quotes” save money. That’s the way companies can advertise the savings.

That is why it is so important to get quotes from several different companies. It’s impossible to know which company will provide you with the cheapest Jaguar XJ-Series insurance rates.

Auto insurance coverages

Learning about specific coverages of your policy helps when choosing which coverages you need for your vehicles. Car insurance terms can be confusing and coverage can change by endorsement. Below you’ll find the usual coverages available from car insurance companies.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses such as surgery, prosthetic devices, X-ray expenses and hospital visits. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. It covers both the driver and occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Coverage for collisions

This pays for damage to your XJ-Series from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like sideswiping another vehicle, hitting a parking meter and crashing into a building. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Another option is to bump up the deductible to get cheaper collision coverage.

Liability insurance

Liability coverage will cover damage or injury you incur to people or other property by causing an accident. This insurance protects YOU from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Another option is one number which is a combined single limit that pays claims from the same limit without having the split limit caps.

Liability coverage protects against claims like loss of income, repair bills for other people’s vehicles and court costs. How much coverage you buy is a personal decision, but buy as high a limit as you can afford.

Comprehensive protection

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like damage from a tornado or hurricane, hitting a deer, hitting a bird and a broken windshield. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Uninsured or underinsured coverage

This coverage gives you protection when other motorists do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Jaguar XJ-Series.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Normally these coverages are set the same as your liablity limits.

Never pay more for less

Cheaper 2008 Jaguar XJ-Series insurance can be sourced from both online companies and also from your neighborhood agents, and you need to comparison shop both to have the best chance of lowering rates. Some insurance companies may not provide you the ability to get quotes online and these small, regional companies work with independent agents.

While you’re price shopping online, you should never reduce coverage to reduce premium. Too many times, someone dropped comprehensive coverage or liability limits and found out when filing a claim that the small savings ended up costing them much more. Your focus should be to buy the best coverage you can find for the lowest price.

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