2014 Jeep Compass Insurance Rates

Searching for better insurance rates for your Jeep Compass? Paying for high-priced Jeep Compass insurance can dwindle your personal savings and put the squeeze on your family’s finances. Comparison shopping is a smart way to slash your bill and have more diposable income. Big-name insurance companies like State Farm and Geico constantly blast consumers with ad campaigns and it is challenging if not impossible to see past the geckos and flying pigs and find the best price available.

You need to do rate comparisons at least once a year because rates trend upward over time. Despite the fact that you may have had the lowest rates on Compass coverage six months ago there may be better deals available now. Ignore everything you know about insurance because I’m going to let you in on the secrets to how to quote online to eliminate unnecessary coverages and save money.

Jeep Compass insurance premiums are calculated by many factors

It’s important that you understand some of the elements that play a part in calculating the price you pay for car insurance. When you know what positively or negatively controls the rates you pay enables informed choices that can help you get much lower annual insurance costs.

Shown below are some of the factors car insurance companies consider when setting your rates.

  • How credit affects car insurance rates – Having a bad credit score is a large factor in your rate calculation. If your credit is lower than you’d like, you could pay less to insure your 2014 Jeep Compass by improving your rating. Drivers who have excellent credit tend to be better drivers and file fewer claims as compared to drivers with poor credit.
  • Always keep insurance in force – Driving your car without having proper coverage is against the law and car insurance companies will penalize you for letting your coverage lapse. And not only will insurance be more expensive, but not being able to provide proof of insurance might get you a revoked license or a big fine.
  • Are you male or female? – The statistics show women tend to be less risk to insure than men. That doesn’t necessarily mean that women are BETTER drivers than men. Women and men are in accidents at a similar rate, but the men cause more damage. Men also statistically receive more costly citations like DUI and reckless driving. Male drivers age 16 to 19 are the most expensive to insure and thus pay the highest rates.
  • Discounts for multiple policies – Most car insurance companies give discounts to people who carry more than one policy. It’s known as a multi-policy discount. This can amount to ten or even up to twenty percent in some cases. If you currently are using one company, it’s still a good idea to comparison shop to make sure you are getting the best deal. You may still be able to find a better deal by buying car insurance from a different company.

Don’t miss out on these money-saving discounts

Auto insurance companies don’t necessarily list all available discounts in an easy-to-find place, so here is a list both the well known and the harder-to-find insurance coverage savings. If they aren’t giving you every credit possible, you’re just leaving money on the table.

  • Safe Drivers – Safe drivers may save up to 50% more on Compass coverage than their less cautious counterparts.
  • Passive Restraints and Air Bags – Cars that have air bags or automatic seat belts can get savings of up to 25% or more.
  • Multiple Vehicles – Buying insurance for multiple vehicles on one policy can get a discount on all vehicles.
  • Multiple Policy Discount – If you insure your home and vehicles with one insurance company you will save approximately 10% to 15%.
  • Anti-lock Brakes – Vehicles equipped with ABS or steering control can avoid accidents and therefore earn up to a 10% discount.
  • Accident Waiver – A handful of insurance companies allow you one accident before your rates go up as long as you don’t have any claims for a set time period.
  • Federal Government Employee – Active or retired federal employment can save as much as 8% on Compass coverage with select insurance companies.
  • E-sign – Some insurance companies give back up to $50 just for signing your application digitally online.
  • Club Memberships – Participating in a civic or occupational organization could qualify you for a break when buying insurance coverage on Compass coverage.

Drivers should understand that most credits do not apply to the overall cost of the policy. A few only apply to individual premiums such as liability, collision or medical payments. So when the math indicates all those discounts means the company will pay you, insurance coverage companies aren’t that generous.

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

Do drivers who switch really save?

Consumers can’t get away from ads that promise big savings from the likes of State Farm, Allstate and Geico. They all make an identical promise about savings after switching your coverage to them.

How does each company make the same claim?

Insurance companies have a preferred profile for the type of customer that makes them money. An example of a profitable customer could possibly be a mature driver, insures multiple vehicles, and has great credit. Any new insured who matches those parameters is entitled to the best price and most likely will save a lot of money.

Drivers who don’t qualify for this ideal profile will be charged a more expensive rate which usually ends up with the driver buying from a lower-cost company. The ads state “people who switch” not “people who quote” save that much. That’s the way companies can advertise the way they do. That is why you should quote coverage with many companies. You cannot predict which insurance companies will fit your personal profile best.

Do I need special coverages?

When buying the right insurance coverage, there is no “perfect” insurance plan. Each situation is unique so this has to be addressed. Here are some questions about coverages that may help highlight whether your personal situation will benefit from professional help.

  • Does my 2014 Jeep Compass qualify for pleasure use?
  • Is my camper covered by my car insurance policy?
  • Is a blown tire covered by insurance?
  • Do I need PIP coverage since I have good health insurance?
  • Is my 2014 Jeep Compass covered for smoke damage?
  • When would I need rental car insurance?
  • Am I covered when pulling a rental trailer?

If it’s difficult to answer those questions, you may need to chat with an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can provide invaluable advice.

Parts of your insurance policy

Learning about specific coverages of insurance aids in choosing the best coverages and proper limits and deductibles. Insurance terms can be impossible to understand and reading a policy is terribly boring. Shown next are the usual coverages found on the average insurance policy.

Comprehensive coverage – This covers damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as vandalism, fire damage and rock chips in glass. The maximum payout your 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.

Collision coverages – Collision coverage pays for damage to your Compass resulting from colliding with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as rolling your car, hitting a parking meter, hitting a mailbox and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to bring the cost down.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Jeep Compass.

Because many people carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important.

Auto liability insurance – This provides protection from injuries or damage you cause to other’s property or people. It protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 25/50/25 which stand for a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage protects against claims such as legal defense fees, bail bonds, structural damage and pain and suffering. The amount of liability coverage you purchase is your choice, but consider buying as large an amount as possible.

Medical payments coverage and PIP – Med pay and PIP coverage pay for immediate expenses such as hospital visits, surgery, EMT expenses and rehabilitation expenses. The coverages can be used to fill the gap from your health insurance plan or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Have the Midas touch

As you shop your coverage around, it’s not a good idea to reduce coverage to reduce premium. There have been many cases where an insured dropped liability coverage limits and found out when filing a claim that they should have had better coverage. Your goal should be to buy the best coverage you can find at an affordable rate, not the least amount of coverage.

You just read some good ideas how to get a better price on 2014 Jeep Compass insurance. The key concept to understand is the more you quote, the better likelihood of reducing your rate. Consumers could even find that the lowest rates come from a smaller regional carrier. Some small companies may cover specific market segments cheaper than the large multi-state companies such as Allstate, Geico and Progressive.

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