2007 Jaguar XK-Series Insurance Cost – 6 Ideas for Best Prices

Sick and tired of not being able to afford to buy car insurance? You are no different than millions of other consumers. Numerous auto insurance companies battle for your business, so it can be very hard to choose a insurer to find the lowest rate possible.

It’s a good idea to check auto insurance prices periodically due to the fact that insurance rates change regularly. Even if you think you had the lowest price for XK-Series coverage a year ago other companies may now be cheaper. Forget anything you know (or think you know) about auto insurance because you’re about to learn one of the best ways to get good coverage at a lower rate.

If you have a current auto insurance policy or are just looking to switch companies, you can learn to shop for the lowest rates while maximizing coverage. Finding affordable coverage is easy if you know what you’re doing. Drivers just need to learn the best way to shop their coverage around over the internet.

Do you qualify for these six discounts?

The price of auto insurance can be rather high, but discounts can save money and there are some available to help bring down the price. Certain discounts will be triggered automatically when you quote, but less common discounts must be manually applied in order for you to get them. If they aren’t giving you every credit available, you are paying more than you should be.

  • Save over 55 – If you qualify as a senior citizen, you may qualify for a small decrease in premiums for XK-Series coverage.
  • Low Mileage Discounts – Low mileage vehicles could be rewarded with a substantially lower rate.
  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and qualify for as much as a 10% discount.
  • Paperless Signup – Some insurance companies give back up to $50 for buying your policy online.
  • Federal Employees – Active or retired federal employment could cut as much as 10% off for XK-Series coverage with a few car insurance companies.
  • Military Rewards – Being on active duty in the military could mean lower rates.

As a disclaimer on discounts, most discount credits are not given to the overall cost of the policy. A few only apply to individual premiums such as collision or personal injury protection. Just because it seems like all the discounts add up to a free policy, you’re out of luck. Any amount of discount will help reduce the amount you have to pay.

For a list of companies with discount car insurance rates, click here.

Don’t assume everyone needs the same coverage

When it comes to choosing coverage, there really is not a “perfect” insurance plan. Every situation is different and a cookie cutter policy won’t apply. For instance, these questions could help you determine if your situation would benefit from professional advice.

  • Should I have combined single limit or split liability limits?
  • Am I covered when driving on a suspended license?
  • Are my friends covered when driving my 2007 Jaguar XK-Series?
  • Should I buy additional glass protection?
  • Do I need roadside assistance coverage?
  • Am I covered when driving a rental car?
  • Am I missing any policy discounts?

If it’s difficult to answer those questions, you might consider talking to a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier It is quick, free and can help protect your family.

Car insurance 101

Understanding the coverages of auto insurance can be of help when determining the right coverages for your vehicles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Shown next are the normal coverages found on most auto insurance policies.

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection when the “other guys” do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Jaguar XK-Series.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently these coverages are set the same as your liablity limits.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses like X-ray expenses, dental work, rehabilitation expenses and prosthetic devices. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Comprehensive insurance

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like damage from a tornado or hurricane, damage from getting keyed and falling objects. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision insurance

This coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage protects against claims such as damaging your car on a curb, scraping a guard rail and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to save money on collision insurance.

Liability auto insurance

This protects you from damage that occurs to a person or their property in an accident. It protects YOU against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 50/100/50 that means you have a limit of $50,000 per injured person, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers things like funeral expenses, repair bills for other people’s vehicles and bail bonds. How much liability coverage do you need? That is up to you, but buy as large an amount as possible.

Save for a rainy day

In this article, we presented quite a bit of information on how to lower your 2007 Jaguar XK-Series insurance rates. The key concept to understand is the more rate quotes you have, the better chance you’ll have of finding lower rates. Consumers may even find the best prices are with a lesser-known regional company. Some small companies can often provide lower rates in certain areas compared to the large companies like Progressive or GEICO.

Cheaper insurance is available both online in addition to many insurance agents, and you need to price shop both in order to have the best chance of saving money. Some insurance companies do not provide the ability to get a quote online and usually these small insurance companies provide coverage only through local independent agents.

As you prepare to switch companies, do not buy less coverage just to save a little money. There have been many cases where someone sacrificed liability limits or collision coverage and learned later that the savings was not a smart move. Your aim should be to get the best coverage possible at an affordable rate, not the least amount of coverage.

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