2007 Jeep Liberty Insurance Cost – 10 Policy Discounts

Tired of paying out the nose to buy car insurance? You are no different than most other car owners.

Drivers have so many insurers to buy insurance from, and although it’s nice to have multiple companies, having more car insurance companies makes it harder to find the best rates.

Are you getting all your discounts?

Car insurance companies don’t necessarily list every available discount in an easy-to-find place, so here is a list some of the best known and the more hidden savings tricks you should be using.

  • New Vehicle Savings – Insuring a new car is cheaper due to better safety requirements for new cars.
  • Good Students Pay Less – A discount for being a good student can earn a discount of 20% or more. The discount lasts up until you turn 25.
  • Accident Waiver – A few companies will forgive one accident before raising your premiums as long as you don’t have any claims for a particular time prior to the accident.
  • Resident Student – Kids in college who live away from home without a vehicle on campus may qualify for this discount.
  • Homeowners Pay Less – Simply owning a home may earn you a small savings because of the fact that having a home demonstrates responsibility.
  • Sign Early and Save – A few companies offer discounts for switching to them before your current expiration date. It can save you around 10%.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to complete a driver education course if it’s offered in school.
  • Air Bag Discount – Cars that have air bags or motorized seat belts can receive discounts up to 30%.
  • Claim Free – Good drivers with no accidents pay less compared to accident-prone drivers.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and will save you 10% or more.

Drivers should understand that some credits don’t apply to the overall cost of the policy. Some only apply to individual premiums such as comprehensive or collision. So despite the fact that it appears having all the discounts means you get insurance for free, companies wouldn’t make money that way.

Companies that may have these money-saving discounts include:

Before buying, ask each company how you can save money. All car insurance discounts may not be available everywhere.

Are insurance companies telling the truth?

Companies like Geico, State Farm and Progressive continually stream ads on television and other media. All the ads say the same thing of big savings after switching your coverage to them. But how can every company say the same thing? This is how they do it.

Insurance companies are able to cherry pick for the type of customer that is profitable for them. For example, a desirable insured might be over the age of 40, owns a home, and has a short commute. A driver who matches those parameters receives the best rates and is almost guaranteed to pay quite a bit less when switching companies.

Consumers who are not a match for these standards must pay a higher premium and ends up with business not being written. Company advertisements say “customers who switch” not “everyone that quotes” save that kind of money. That is how insurance companies can confidently state the savings. This illustrates why drivers must compare many company’s rates. It’s not possible to predict the company that will have the lowest Jeep Liberty insurance rates.

When might I need an agent?

When choosing coverage, there is no perfect coverage plan. Every situation is different so your insurance needs to address that. For instance, these questions might help in determining if your insurance needs might need professional guidance.

  • How high should my medical payments coverage be?
  • At what point should I drop full coverage?
  • Do I benefit by insuring my home with the same company?
  • How much liability coverage do I need in my state?
  • Do I pay less if my vehicle is kept in my garage?
  • Who is covered when they drive my 2007 Jeep Liberty?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier

Insurance coverages and their meanings

Knowing the specifics of insurance helps when choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Shown next are typical coverages found on most insurance policies.

Uninsured/Underinsured Motorist (UM/UIM) – This provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Auto liability insurance – This coverage will cover injuries or damage you cause to other people or property that is your fault. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 100/300/100 that means you have a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability insurance covers claims such as medical services, legal defense fees, medical expenses and emergency aid. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Collision – This coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like backing into a parked car, crashing into a building, damaging your car on a curb, hitting a mailbox and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. You can also bump up the deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses like X-ray expenses, prosthetic devices, rehabilitation expenses and funeral costs. They can be utilized in addition to your health insurance program or if there is no health insurance coverage. They cover you and your occupants in addition to being hit by a car walking across the street. PIP is not an option in every state and may carry a deductible

Comprehensive insurance – Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as damage from getting keyed, vandalism, fire damage, a tree branch falling on your vehicle and damage from flooding. The maximum payout your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Smart consumers save more

When shopping online for car insurance, don’t be tempted to buy less coverage just to save a little money. There have been many cases where an accident victim reduced comprehensive coverage or liability limits only to find out that their decision to reduce coverage ended up costing them more. Your goal should be to find the BEST coverage at an affordable rate.

Cheap 2007 Jeep Liberty insurance can be found both online as well as from independent agents, so you should compare both to get a complete price analysis. Some insurance companies don’t offer online price quotes and these small insurance companies work with independent agents.

For more information, take a look at the resources below: