2008 Jaguar S-Type Car Insurance Cost – 8 Savings Tips

Scraping up a payment for overpriced Jaguar S-Type insurance can drain your checking account and make it hard to pay other bills. Comparing price quotes is free and is an excellent way to make sure you’re not throwing money away.

Many auto insurance companies compete for your insurance dollar, so it’s not easy to compare every insurance company to find the lowest rate possible.

Do you qualify for these eight discounts?

Properly insuring your vehicles can get expensive, but there are discounts available that many people don’t even know exist. Some trigger automatically when you complete an application, but some may not be applied and must be requested specifically before you will receive the discount.

  • Safe Drivers – Insureds without accidents can pay as much as 50% less on S-Type insurance than their less cautious counterparts.
  • Discount for New Cars – Putting insurance coverage on a new car can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • Own a Home – Owning a house may earn you a small savings due to the fact that maintaining a home is proof that your finances are in order.
  • Military Discounts – Being deployed with a military unit could mean lower rates.
  • Federal Employees – Being employed by or retired from a federal job can earn a discount up to 10% on S-Type insurance with select insurance companies.
  • No Charge for an Accident – Certain companies allow you one accident before your rates go up if you are claim-free prior to the accident.
  • Student in College – Youth drivers living away from home attending college and do not have a car can be insured at a reduced rate.
  • Discount for Swiching Early – Some insurance companies reward drivers for switching to them before your current policy expires. The savings is around 10%.

Drivers should understand that some of the credits will not apply to your bottom line cost. Most only cut specific coverage prices like liability, collision or medical payments. So even though they make it sound like having all the discounts means you get insurance for free, companies don’t profit that way. Any amount of discount will bring down your premiums.

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

Double check with each insurance company which discounts you may be entitled to. Discounts may not be available everywhere.

Don’t assume everyone needs the same coverage

When it comes to choosing coverage for your vehicles, there really is not a best way to insure your cars. Everyone’s situation is a little different so your insurance needs to address that. These are some specific questions might point out whether your personal situation might need professional guidance.

  • Does my insurance cover a custom paint job?
  • How do I buy GAP insurance?
  • Am I covered if I break a side mirror?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Will filing a claim cost me more?
  • Do I need replacement cost coverage?

If you’re not sure about those questions but you know they apply to you, you might consider talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance coverage companies in your area.

Drivers who switch save $404 a year? Really?

State Farm and Allstate consistently run ads on television and other media. All the companies have a common claim about savings if you change to their company. How do they all make the same claim? This is how they do it.

Insurance companies have a preferred profile for the type of driver that makes them money. For example, a driver they prefer could be a mature driver, a clean driving record, and has a high credit rating. Any new insured who fits that profile will qualify for the lowest rates and most likely will save when switching.

Consumers who fall outside this ideal profile will have to pay a higher premium which usually ends up with business going elsewhere. The ads say “customers that switch” not “people who quote” save that kind of money. That is how insurance companies can advertise the savings.

Because of the profiling, you absolutely need to get quotes from several different companies. You cannot predict the company that will give you the biggest savings on Jaguar S-Type insurance.

Parts of your auto insurance policy

Having a good grasp of auto insurance aids in choosing the best coverages and proper limits and deductibles. The terms used in a policy can be confusing and coverage can change by endorsement. Shown next are typical coverage types found on most auto insurance policies.

Collision protection

This coverage will pay to fix damage to your S-Type resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for claims such as rolling your car, hitting a mailbox, hitting a parking meter and crashing into a ditch. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Liability coverage

Liability coverage provides protection from injuries or damage you cause to other’s property or people. This coverage protects you from legal claims by others, 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 policy limits 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 a limit of $25,000 paid for damaged property. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.

Liability coverage protects against claims such as bail bonds, pain and suffering, attorney fees, structural damage and legal defense fees. How much liability should you purchase? That is a personal decision, but buy as high a limit as you can afford.

Comprehensive protection

Comprehensive insurance coverage pays for 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 things like hitting a bird, rock chips in glass and fire damage. The maximum amount your auto insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured or underinsured coverage

Your UM/UIM coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Jaguar S-Type.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea. Most of the time these limits do not exceed the liability coverage limits.

Medical expense coverage

Coverage for medical payments and/or PIP pay for bills for things like surgery, dental work and chiropractic care. They can be used to fill the gap from your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible

Be a smart shopper

Cheaper 2008 Jaguar S-Type insurance can be found online and with local insurance agents, and you need to comparison shop both in order to have the best chance of saving money. Some insurance companies do not offer online price quotes and most of the time these small, regional companies sell through independent agents.

When you buy insurance online, it’s very important that you do not buy lower coverage limits just to save a few bucks. There have been many situations where drivers have reduced full coverage only to regret at claim time that it was a big error on their part. The ultimate goal is to buy a smart amount of coverage at an affordable rate while not skimping on critical coverages.

Even more information can be read in these articles: