Cheap 2008 Jaguar XK-Series Car Insurance Rates

Shopping for the cheapest car insurance on the web is intimidating for people who are new to shopping for insurance online. Because there are so many insurers to choose from, how can consumers effectively compare them all to find the best available rates?

Finding the best rates is not that difficult. In a nutshell, everyone who is shopping for auto insurance will be able to lower their premiums. Although consumers must know the way insurance companies determine prices and apply this information to your search.

Factors influencing Jaguar XK-Series insurance rates

It’s important that you understand the rating factors that go into determining the rates you pay for auto insurance. When you know what positively or negatively determines base rates helps enable you to make changes that could result in better auto insurance rates.

  • Discounts for multiple policies – Most insurance companies give discounts to customers who consolidate policies with them such as combining an auto and homeowners policy. Discounts can amount to 10 percent or more. Even if you’re getting this discount it’s still a good idea to compare other company rates to verify if the discount is saving money.
  • A lapse in coverage is a bad thing – Driving without insurance can get your license suspended and as a result your rates will increase for letting your coverage lapse. And not only will insurance be more expensive, getting caught without coverage might get you a license revocation or jail time.You may then be required to provide proof of insurance in the form of an SR-22 filing with your state department of motor vehicles.
  • Rates may be higher depending on your occupation – Occupations such as real estate brokers, social workers and stock brokers tend to have the highest rates due to high stress and lots of time spent at work. On the other hand, jobs such as actors, students and retirees receive lower rates on XK-Series coverage.
  • Better credit means lower rates – A driver’s credit rating is a huge factor in determining your rates. Drivers who have excellent credit tend to be better drivers and file fewer claims as compared to drivers with lower credit ratings. If your credit history can use some improvement, you could be paying less to insure your 2008 Jaguar XK-Series by improving your credit score.

Do you qualify for discounts?

Auto insurance companies don’t always publicize all their discounts in a way that’s easy to find, so we break down some of the more common and the more hidden savings tricks you should be using.

  • Defensive Driver – Completing a driver safety course could save 5% or more if you qualify.
  • Accident Forgiveness – Some insurance companies allow you one accident without raising rates if you are claim-free prior to the accident.
  • Save with a New Car – Adding a new car to your policy can cost up to 25% less because new vehicles have to meet stringent safety requirements.
  • No Accidents – Drivers with accident-free driving histories can save substantially compared to bad drivers.
  • College Student – Kids in college living away from home attending college and do not have access to a covered vehicle can receive lower rates.
  • Government Employees – Employees or retirees of the government can save as much as 8% on XK-Series coverage with a few auto insurance companies.
  • Military Rewards – Being deployed with a military unit can result in better rates.
  • Homeowners Savings – Simply owning a home may trigger a auto insurance policy discount due to the fact that maintaining a home is proof that your finances are in order.
  • Senior Citizens – If you qualify as a senior citizen, you can possibly qualify for a small decrease in premiums on XK-Series coverage.
  • Discount for Swiching Early – Select companies give a discount for switching policies prior to your current policy expiration. The savings is around 10%.

It’s important to understand that some credits don’t apply to all coverage premiums. A few only apply to individual premiums such as comprehensive or collision. Just because it seems like all the discounts add up to a free policy, auto insurance companies aren’t that generous.

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

Don’t assume everyone needs the same coverage

When choosing the best insurance coverage coverage, there really is no cookie cutter policy. Everyone’s needs are different.

Here are some questions about coverages that may help you determine if your insurance needs may require specific advice.

  • Does my policy pay for OEM or aftermarket parts?
  • Who is covered by my policy?
  • How does medical payments coverage work?
  • Should I carry comprehensive and collision coverage?
  • What is roadside assistance coverage?
  • When can I cancel my policy?
  • Am I covered when driving a rental car?
  • I have health insurance so do I need medical payments coverage?
  • What if I owe more than I can insure my car for?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to a licensed insurance agent. If you don’t have a local agent, simply complete this short form.

Insurance policy specifics

Knowing the specifics of insurance helps when choosing the right coverages at the best deductibles and correct limits. Insurance terms can be confusing and nobody wants to actually read their policy.

Liability coverage – This coverage provides protection from injuries or damage you cause to other people or property. It protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability coverage protects against claims such as medical expenses, emergency aid, repair bills for other people’s vehicles and loss of income. How much liability coverage do you need? That is a personal decision, but buy as high a limit as you can afford.

Comprehensive coverages – Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as theft, vandalism, hail damage and damage from a tornado or hurricane. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured and underinsured coverage – This coverage gives you protection from other motorists when they do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your Jaguar XK-Series.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Collision – Collision insurance pays for damage to your XK-Series resulting from colliding with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like rolling your car, hitting a parking meter, crashing into a ditch and crashing into a building. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.

Coverage for medical payments – Med pay and PIP coverage kick in for immediate expenses such as surgery, EMT expenses, funeral costs and X-ray expenses. They can be utilized in addition to your health insurance program or if you are not covered by health insurance. It covers both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is not universally available and may carry a deductible

In conclusion

In this article, we covered some good ideas how to lower your 2008 Jaguar XK-Series 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. Consumers could even find that the lowest premiums are with a smaller regional carrier.

While you’re price shopping online, make sure you don’t skimp on coverage in order to save money. There have been many situations where an accident victim reduced uninsured motorist or liability limits only to regret at claim time that it was a big error on their part. Your strategy should be to find the BEST coverage at a price you can afford, not the least amount of coverage.

Budget-conscious insurance can be bought both online in addition to many insurance agents, so you should compare both in order to have the best price selection to choose from. There are still a few companies who do not provide online price quotes and these regional insurance providers work with independent agents.

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