Lower Your 2006 Jaguar XK-Series Insurance Rates

Having to pay for overpriced insurance coverage can overdraw your checking account and make it hard to pay other bills. Shopping your coverage around is a great way to lower your monthly bill.

Many insurance companies compete to insure your vehicles, and because of this it can be hard to compare auto insurance companies and uncover the absolute best rate

It’s important to do rate comparisons on a regular basis because insurance rates are variable and change quite frequently. Even if you got the best price on XK-Series insurance on your last policy you can probably find a better price now. So just forget anything you know (or think you know) about insurance coverage because you’re about to learn the only way to lower your annual insurance bill.

Jaguar XK-Series rates are complex

Smart consumers have a good feel for the different types of things that play a part in calculating your car insurance rates. Having a good understanding of what determines base rates enables informed choices that could result in lower car insurance prices.

Shown below are a partial list of the pieces car insurance companies consider when setting premiums.

  • Liability coverage is cheap – The liability section of your policy is the coverage that protects you in the event that you are found liable for causing damage or personal injury in an accident. It will provide you with a defense in court starting from day one. Liability is cheap compared to insuring for physical damage coverage, so buy as much as you can afford.
  • Extra add-on coverages are wasting money – There are a ton of additional coverages you can purchase on your car insurance policy. Insurance for vanishing deductibles, better glass coverage and motor club memberships may be wasting your money. These may sound like a good investment when talking to your agent, but if you don’t need them eliminate the coverages to reduce your premium.
  • High numbers of claims are not good – Auto insurance companies award lower rates to insureds who do not file claims often. If you frequently file small claims, you can expect either a policy non-renewal or much higher rates. Auto insurance is designed for major claims that would cause financial hardship.
  • Multi-policy discounts can save money – Some car insurance companies provide better rates to customers who buy several policies from them in the form of a multi-policy discount. If you currently are using one company, you still need to compare other company rates to make sure you are getting the best deal.
  • Do men or women drive better? – Statistics demonstrate women tend to be less risk to insure than men. That doesn’t necessarily mean that men are WORSE drivers than women. Men and women tend to get into accidents at about the same rate, but the men cause more damage. Men also statistically receive more costly citations like DUI and reckless driving. Young males are the most expensive to insure and thus pay the highest rates.
  • Bad driving skills means higher rates – Only having one speeding ticket can boost insurance rates twenty percent or more. Careful drivers receive lower rates than bad drivers. Drivers with serious tickets such as reckless driving, hit and run or driving under the influence are required to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to continue driving.
  • Do you have a high stress job? – Did you know your job can affect your rates? Occupations like judges, social workers and dentists have the highest average rates due to job stress and long work hours. Other occupations like farmers, historians and performers get better rates on XK-Series insurance.
  • Save money with special equipment – Driving a car with a theft deterrent system can help bring down rates. Theft prevention devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder auto theft.

How to Compare Auto Insurance Costs

All the larger auto insurance companies allow you to get coverage prices on their websites. Getting online rates is fairly simple as you just enter your required coverages into the quote form. When the form is submitted, their rating system makes automated requests for your credit score and driving record and returns a price quote based on many factors. Online quotes streamlines rate comparisons, but the process of having to visit many different websites and fill out multiple forms is not the best way to spend an afternoon. Unfortunately, it is important to compare as many rates as possible if you are searching for better auto insurance pricing.

The smarter way to compare auto insurance pricing uses one form to return rates from many companies. The form is fast, requires much less work on your part, and makes online quotes a lot less work. Immediately after submitting the form, your coverage is rated with multiple companies and you can pick any one of the price quotes you receive. If a lower price is quoted, you can simply submit the application and purchase the new policy. The whole process takes just a few minutes to complete and you will find out if you’re overpaying now.

To find out how much you can save on auto insurance, click here to open in new window and fill out the form. To compare your current rates, we recommend you type in the limits and deductibles just like they are on your policy. Using the same limits helps guarantee you will have rate quotes based on the exact same insurance coverage.

How to reduce Jaguar XK-Series insurance rates

Car insurance companies don’t list all their discounts very well, so the following is a list of some of the more common as well as the least known discounts you could be receiving.

  • Good Student Discount – Performing well in school can get you a discount of up to 25%. Earning this discount can benefit you well after school through age 25.
  • Save with a New Car – Insuring a new car can cost up to 25% less because new vehicles have to meet stringent safety requirements.
  • Fewer Miles Equal More Savings – Driving fewer miles can earn a substantially lower rate.
  • Lower Rates for Military – Being deployed with a military unit could be rewarded with lower premiums.
  • E-sign – A few companies may give you up to $50 simply for signing digitally online.
  • Pay Now and Pay Less – If you pay your bill all at once instead of monthly or quarterly installments you may reduce your total bill.
  • Anti-theft Discount – Anti-theft and alarm systems prevent vehicle theft and will save you 10% or more.
  • Auto/Home Discount – If you have multiple policies with one insurance company you could get a discount of 10% to 20% off each policy.

Consumers should know that most discounts do not apply to the entire cost. Most only reduce the cost of specific coverages such as liability and collision coverage. So even though they make it sound like it’s possible to get free car insurance, it doesn’t quite work that way.

To see a list of insurance companies with discount insurance rates, follow this link.

Tailor your coverage to you

When it comes to buying the best insurance coverage coverage for your personal vehicles, there really is not a “perfect” insurance plan. Your needs are not the same as everyone else’s and your policy should reflect that. For example, these questions may help highlight if you will benefit from professional help.

  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Do I need higher collision deductibles?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • When should I drop full coverage on my 2006 Jaguar XK-Series?
  • Does my liability insurance cover pulling a trailer or camper?
  • Does my personal policy cover me when driving out-of-state?
  • I have a DUI can I still get coverage?
  • When does my teenage driver need to be added to my policy?
  • Are rock chip repairs covered?
  • Should I waive the damage coverage when renting a car?

If it’s difficult to answer those questions but you know they apply to you, you might consider talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Parts of your car insurance policy

Learning about specific coverages of your policy aids in choosing the best coverages and proper limits and deductibles. Policy terminology can be ambiguous and coverage can change by endorsement. Shown next are the usual coverages available from car insurance companies.

Collision coverage – Collision coverage will pay to fix damage to your XK-Series from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like backing into a parked car, driving through your garage door, colliding with a tree, damaging your car on a curb and crashing into a ditch. Collision is rather expensive coverage, so consider dropping it from older vehicles. It’s also possible to raise the deductible to bring the cost down.

Comprehensive or Other Than Collision – This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as damage from a tornado or hurricane, falling objects, hitting a deer, vandalism and damage from flooding. The maximum amount your car insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Auto liability insurance – Liability insurance provides protection from damages or injuries you inflict on people or other property by causing an accident. It protects YOU from claims by other people. It does not 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. As an example, you may have limits of 100/300/100 that means you have $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000.

Liability coverage pays for things such as loss of income, legal defense fees and medical services. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

UM/UIM Coverage – This coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your 2006 Jaguar XK-Series.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses such as prosthetic devices, X-ray expenses, EMT expenses and ambulance fees. They are used in conjunction with a health insurance program or if there is no health insurance coverage. It covers you and your occupants and also covers being hit by a car walking across the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

A tidy conclusion

As you shop your coverage around, don’t be tempted to buy less coverage just to save a little money. There are many occasions where someone dropped comprehensive coverage or liability limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy enough coverage for the lowest price while not skimping on critical coverages.

We just presented a lot of information how to compare 2006 Jaguar XK-Series insurance prices online. The most important thing to understand is the more companies you get rates for, the better your chances of lowering your rates. You may be surprised to find that the lowest premiums are with a small local company. Regional companies may only write in your state and offer lower rates than the large multi-state companies such as Allstate and Progressive.

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