Lower Your 2002 Jaguar S-Type Insurance Cost

Trying to find lower insurance rates for your Jaguar S-Type? Are you overwhelmed by the wide range of insurance company choices? You have a lot of company. You have so many options available that it can easily become a real hassle to find the best price.

It’s a great practice to shop coverage around once or twice a year because insurance rates trend upward over time. Just because you found the best rates for S-Type coverage a few years ago a different company probably has better rates today. Don’t believe everything you read about insurance on the web, but we’re going to give you some great ways to buy insurance cheaper.

Finding the best rates is easy if you know what you’re doing. In a nutshell, every driver who is required by state law to have car insurance should be able to find better rates. Although car owners do need to understand how the larger insurance companies sell insurance online because it can help you find the best coverage.

Comprehensive Auto Insurance Comparison Quotes

Performing a rate comparison is a ton of work if you don’t know the most efficient way. You can spend your afternoon talking about coverages with insurance companies in your area, or you could use online quoting to maximize your effort.

Many of the larger companies belong to an insurance system where prospective buyers submit their information once, and each company can give them a price based on that information. This saves time by eliminating form submissions for each company.

To access this free quoting program, click here (opens in new window).

One minor caviat to using this type of system is you don’t know exactly which companies to get quotes from. So if you prefer to pick specific insurance companies to compare, we have a page of auto insurance companies in your area. View list of insurance companies.

It doesn’t matter which method you choose, just ensure you are comparing identical coverage limits with every price quote. If you have different limits and deductibles on each one it will be next to impossible to determine the best price for your Jaguar S-Type. Having just a slight variation in coverage limits can make a big difference in price. And when comparing auto insurance rates, know that comparing a large number of companies helps you find the best price.

Do drivers who switch really save $390 a year?

Companies like 21st Century, Allstate and State Farm regularly use ads on TV and radio. All the ads make an identical promise of big savings if you move to them. How do they all say the same thing? It’s all in the numbers.

Insurance companies have a preferred profile for the right customer that is profitable for them. For instance, a preferred risk might be between 30 and 50, insures multiple vehicles, and drives less than 10,000 miles a year. A customer getting a price quote who matches those parameters receives the best rates and is almost guaranteed to save when switching.

Potential customers who do not match these standards must pay higher prices which leads to business not being written. The ads state “drivers who switch” but not “drivers who get quotes” save that much. This is how insurance companies can confidently claim big savings. This illustrates why you should quote coverage with many companies. Because you never know which insurance companies will provide you with the cheapest Jaguar S-Type insurance rates.

These factors can influence Jaguar S-Type insurance rates

It’s important that you understand the rating factors that play a part in calculating car insurance rates. Knowing what determines base rates enables informed choices that could result in better car insurance rates.

  • Increase deductibles and save – Physical damage deductibles represent how much money you are required to spend in the event of a claim. Insurance for physical damage to your car, also known as collision and other-than-collision, is used to repair damage to your car. Some examples of claims that would be covered could be colliding with a building, damage caused by hail, and burglary. The more expense the insured has to pay upfront, the lower your rates will be for S-Type coverage.
  • Better credit scores mean better rates – Having a bad credit history is a big factor in your rate calculation. So if your credit rating is not that good, you could potentially save money when insuring your 2002 Jaguar S-Type by repairing your credit. Drivers who have good credit tend to be better drivers and file fewer claims as compared to drivers with lower credit scores.
  • Never let your coverage lapse – Driving with no insurance can get your license suspended and as a result your rates will increase for letting your coverage have a gap. And not only will insurance be more expensive, getting caught without coverage will get you a license revocation or jail time.
  • Discounts for married couples – Having a spouse actually saves money on your car insurance policy. Having a spouse translates into being more mature it has been statistically shown that married couples file fewer claims.

Take advantage of discounts

Car insurance companies don’t always publicize every discount in a way that’s easy to find, so here is a list both the well known and also the lesser-known auto insurance savings.

  • E-sign – A handful of insurance companies may give you up to $50 just for signing your application digitally online.
  • Safe Drivers – Safe drivers can pay as much as 50% less for S-Type coverage than less cautious drivers.
  • Anti-lock Brake System – Vehicles equipped with ABS or steering control can reduce accidents and qualify for as much as a 10% discount.
  • Good Student Discount – A discount for being a good student can get you a discount of up to 25%. This discount can apply well after school through age 25.
  • Air Bag Discount – Vehicles equipped with air bags or motorized seat belts can qualify for discounts of up to 25% or more.
  • Low Mileage Discounts – Fewer annual miles on your Jaguar could be rewarded with better rates on cars that stay parked.
  • Senior Discount – Mature drivers can possibly qualify for a discount up to 10% for S-Type coverage.

A little note about advertised discounts, most of the big mark downs will not be given to your bottom line cost. Most only cut specific coverage prices like collision or personal injury protection. Just because it seems like you can get free auto insurance, it doesn’t quite work that way.

A partial list of companies who might offer these discounts are:

Double check with each company what discounts are available to you. Some discounts might not be offered in your state.

How to know if you need help

When buying proper insurance coverage for your personal vehicles, there really is no one size fits all plan. Every insured’s situation is different.

For example, these questions might point out if you might need an agent’s assistance.

  • Does coverage extend to a rental car in a foreign country?
  • Is my cargo covered for damage or theft?
  • Do I need special endorsements for business use of my vehicle?
  • What is roadside assistance coverage?
  • Do I have coverage if my license is suspended?
  • Should I have combined single limit or split liability limits?

If you can’t answer these questions, you might consider talking to a licensed agent. If you don’t have a local agent, take a second and complete this form.

Coverages available on your policy

Understanding the coverages of insurance can help you determine appropriate coverage for your vehicles. Policy terminology can be impossible to understand and coverage can change by endorsement.

Medical expense coverage – Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses like funeral costs, rehabilitation expenses, doctor visits and ambulance fees. They are often used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Auto liability – This will cover damage or injury you incur to a person or their property by causing an accident. It protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for claims like repair costs for stationary objects, medical services and repair bills for other people’s vehicles. How much liability coverage do you need? That is a decision to put some thought into, but buy as high a limit as you can afford.

Comprehensive protection – This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like hail damage, hitting a bird and a broken windshield. The highest amount your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Uninsured or underinsured coverage – Your UM/UIM coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your 2002 Jaguar S-Type.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.

Collision coverages – Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision can pay for things such as colliding with another moving vehicle, damaging your car on a curb and sustaining damage from a pot hole. This coverage can be expensive, so consider removing coverage from older vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Quote often and quote early

People switch companies for any number of reasons including high prices, delays in responding to claim requests, unfair underwriting practices and even being labeled a high risk driver. Whatever your reason, finding a new insurance company can be easy and end up saving you some money.

The cheapest 2002 Jaguar S-Type insurance is possible on the web as well as from independent agents, so compare prices from both in order to have the best price selection to choose from. A few companies don’t offer you the ability to get quotes online and many times these small insurance companies only sell through independent insurance agents.

As you go through the steps to switch your coverage, make sure you don’t buy poor coverage just to save money. There have been many cases where drivers have reduced comprehensive coverage or liability limits and learned later that a couple dollars of savings turned into a financial nightmare. Your aim should be to get the best coverage possible at a price you can afford, not the least amount of coverage.

To learn more, feel free to browse these articles: