Cheap 2003 Jaguar XJ-Series Car Insurance Cost

Looking for lower insurance rates for your Jaguar XJ-Series? Are you overwhelmed by the number of insurance companies? You have a lot of company. Consumers have so many choices that it can be a lot of work to locate the lowest price.

It’s a good habit to compare prices occasionally because insurance rates are constantly changing. Just because you found the lowest rates for XJ-Series coverage a few years ago you can probably find a lower rate today. Starting now, block out anything you think you know about insurance because you’re going to learn one of the best ways to save on insurance.

Jaguar XJ-Series rates influenced by many factors

Consumers need to have an understanding of some of the elements that come into play when calculating the rates you pay for auto insurance. Having a good understanding of what determines base rates helps enable you to make changes that could result in lower auto insurance prices.

  • Proper usage rating affects rates – Driving more miles each year the higher your rate. Most insurance companies apply a rate determined by how the vehicle is used. Autos left parked in the garage qualify for better rates as compared to vehicles used primarily for driving to work. Make sure your auto insurance coverage properly reflects the proper vehicle usage. If your policy improperly rates your XJ-Series may be wasting your money.
  • No coverage gaps is important – Allowing your coverage to lapse will be a fast way to bump up your auto insurance costs. Not only will rates go up, getting caught without coverage might get you a license revocation or jail time.
  • Lower rates with optional equipment – Purchasing a vehicle with an alarm system can get you a discount on your auto insurance. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping auto theft.
  • Are you male or female? – The statistics show that women are safer drivers than men. However, don’t assume that men are WORSE drivers than women. They both tend to get into accidents at about the same rate, but the men cause more damage and cost insurance companies more money. Men also statistically get more serious tickets like DUI and reckless driving.
  • Choose a safe vehicle and save – Vehicles with high crash test scores tend to have better insurance rates. These vehicles protect occupants better and any reduction in injury severity translates into savings for insurance companies passed on to you as lower rates. If your Jaguar has ratings of a minimum four stars on or an “acceptable” rating on it may be receiving lower rates.

Don’t overlook these discounts

Car insurance is not cheap, but there could be available discounts that you may not know about. Some discounts apply automatically at the time of quoting, but lesser-known reductions have to be requested specifically before you will receive the discount.

  • Accident Free – Drivers who don’t have accidents pay less when compared to frequent claim filers.
  • Drive Less and Save – Low mileage vehicles could be rewarded with discounted rates on garaged vehicles.
  • No Charge for an Accident – Certain companies permit an accident before your rates go up so long as you haven’t had any claims prior to the accident.
  • Passive Restraints and Air Bags – Cars that have air bags and/or automatic seat belt systems can receive discounts of up to 25% or more.
  • Theft Prevention Discount – Anti-theft and alarm systems help deter theft and qualify for as much as a 10% discount.
  • Distant Student – Kids in college who are attending college and do not have access to a covered vehicle can receive lower rates.
  • Discount for New Cars – Adding a new car to your policy can be considerably cheaper due to better safety requirements for new cars.
  • Lower Rates for Military – Having a family member in the military may qualify for rate reductions.
  • Braking Control Discount – Vehicles equipped with ABS or steering control prevent accidents and qualify for as much as a 10% discount.
  • Safety Course Discount – Taking a defensive driving course could cut 5% off your bill and easily recoup the cost of the course.

Keep in mind that most discounts do not apply to the entire policy premium. A few only apply to specific coverage prices like comp or med pay. Just because it seems like all those discounts means the company will pay you, insurance coverage companies aren’t that generous. But any discount will bring down your premiums.

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

Double check with every prospective company what discounts are available to you. Discounts might not be offered in your state.

Buyer beware of insurance advertising tricks

Progressive, Allstate and GEICO regularly use ads on television and other media. All the companies make the same claim that you can save if you move to them. But how can every company claim to save you money? This is how they do it.

Insurance companies have a certain “appetite” for the type of customer that is profitable for them. An example of a preferred risk could possibly be between the ages of 30 and 50, has no prior claims, and drives newer vehicles. Any new insured that hits that “sweet spot” will get the preferred rates and most likely will pay quite a bit less when switching companies.

Potential customers who don’t meet the requirements must pay a higher premium which usually ends up with the customer not buying. The ad wording is “people who switch” not “everyone that quotes” save that kind of money. This is how insurance companies can confidently make those claims.

This illustrates why it is so important to compare many company’s rates. It is impossible to predict the company that will fit your personal profile best.

Is my situation unique?

When buying coverage for your personal vehicles, there really is not a one size fits all plan. Every situation is different.

For example, these questions may help highlight whether or not you may require specific advice.

  • Am I covered if my car is in a flood?
  • Can I drive in Mexico and have coverage?
  • Is extra glass coverage worth it?
  • How many claims can I have before being cancelled?
  • Do I pay less if my vehicle is kept in my garage?
  • Should I have a commercial auto policy?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to an agent. If you don’t have a local agent, take a second and complete this form.

Insurance specifics

Having a good grasp of insurance can help you determine the best coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and coverage can change by endorsement.

Liability coverage

Liability insurance provides protection from injuries or damage you cause to other’s property or people that is your fault. It protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage protects against claims such as medical services, attorney fees, pain and suffering and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as high a limit as you can afford.

Uninsured or underinsured coverage

This coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your 2003 Jaguar XJ-Series.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea. Normally the UM/UIM limits are similar to your liability insurance amounts.

Collision coverage protection

This 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 your collision coverage will kick in.

Collision insurance covers claims such as crashing into a building, sustaining damage from a pot hole, colliding with another moving vehicle and hitting a mailbox. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also bump up the deductible in order to get cheaper collision rates.

Comprehensive protection

This covers damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like a broken windshield, falling objects, theft, vandalism and rock chips in glass. The most a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical expense coverage

Coverage for medical payments and/or PIP provide coverage for expenses for chiropractic care, doctor visits, dental work and prosthetic devices. They can be utilized in addition to your health insurance program or if you do not have health coverage. Coverage applies to all vehicle occupants and also covers getting struck while a pedestrian. PIP is not an option in every state and may carry a deductible

Don’t throw your cash in the trash

The cheapest 2003 Jaguar XJ-Series insurance can be found on the web and with local insurance agents, so you should compare both so you have a total pricing picture. Some auto insurance companies do not offer you the ability to get quotes online and these small insurance companies work with independent agents.

When you buy insurance online, you should never reduce coverage to reduce premium. In many instances, an accident victim reduced collision coverage only to discover later that the savings was not a smart move. The aim is to purchase a proper amount of coverage for the lowest price, not the least amount of coverage.

We just covered a lot of tips how to save on insurance. The key concept to understand is the more you quote, the better chance you’ll have of finding lower rates. Consumers may even find the best price on auto insurance is with a lesser-known regional company.

More tips and info about auto insurance can be read in the articles below: