How Much Does 1998 Jaguar XK-Series Car Insurance Cost?

Looking for cheaper insurance coverage rates for your Jaguar XK-Series? Vehicle owners that are new to comparing insurance rates online are likely to find sourcing cheaper insurance coverage can be quite difficult.

If you are paying for car insurance now, you stand a good chance to be able to lower your premiums substantially using this information. Shopping for the lowest cost car insurance coverage is simple if you know the tricks. Nevertheless, drivers must know how the larger insurance companies sell insurance online and take advantage of how the system works.

Auto insurance discounts help cut rates

Some companies do not advertise every discount they offer very clearly, so the following list contains both the well known and the more hidden credits that may apply to you.

• Discounts for Federal Employees – Federal government employees can earn a discount up to 10% on XK-Series insurance depending on your auto insurance provider.
• Air Bag Discount – Vehicles equipped with air bags or motorized seat belts can qualify for discounts as much as 30%.
• Multi-policy Discount – When you combine your home and auto insurance and insure them both with the same insurance company they may give you a discount of up to 20% off your total premium.
• ABS Braking Discount – Anti-lock brake equipped vehicles can avoid accidents so you can save 10 percent or more.
• Anti-theft System – Cars and trucks equipped with anti-theft or alarm systems have a lower chance of being stolen and will save you 10% or more.

Discounts reduce rates, but you should keep in mind that some of the credits will not apply to the overall cost of the policy. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Even though it appears you can get free auto insurance, it’s just not the way it works.

Larger auto insurance companies and their possible discounts can be found below.

• State Farm policyholders can earn discounts including student away at school, anti-theft, safe vehicle, Steer Clear safe driver discount, good driver, multiple autos, and accident-free.
• American Family has savings for TimeAway discount, good student, Steer into Savings, air bags, defensive driver, and accident-free.
• AAA discounts include good student, anti-theft, good driver, AAA membership discount, pay-in-full, multi-car, and education and occupation.
• Geico may include discounts for daytime running lights, air bags, multi-vehicle, federal employee, military active duty, and good student.
• Mercury Insurance offers discounts including annual mileage, good student, good driver, age of vehicle, and anti-theft.
• Farmers Insurance may offer discounts for multi-car, teen driver, bundle discounts, distant student, youthful driver, mature driver, and homeowner.
• Progressive includes discounts for online signing, multi-vehicle, good student, continuous coverage, homeowner, and online quote discount.

When getting free insurance coverage quotes, it’s a good idea to each company or agent how many discounts you can get. Some discounts listed above might not be offered on policies everywhere. To find auto insurance companies that offer some of these discounts, click here to view.

Five factors that determine insurance rates

It’s important that you understand the rating factors that play a part in calculating the level of your policy premiums. If you understand what controls the rates you pay, this enables you to make decisions that may result in lower premium levels. Lots of things are part of the equation when you get your auto insurance bill. Some are pretty understandable like your driving record, but other criteria are not quite as obvious such as your credit history or how financially stable you are.

• Better premiums for no policy lapses – Having an insurance coverage lapse is a fast way to drive up your policy premiums. In addition to paying higher rates, not being able to provide proof of insurance might get you a steep fine or even jail time. You will then be forced to submit proof of financial responsibility or a SR-22 with your state motor vehicle department to get your license reinstated.
• Amount of liability insurance – The liability section of your policy will protect you if you are found to be at fault for causing personal injury or damage in an accident. It provides legal defense coverage up to the limits shown on your policy. Liability is cheap compared to other policy coverages, so insureds should have plenty of protection for their assets.
• Poor credit decisions can cost you – Having a bad credit score factor in determining premium rates. Drivers with very good credit scores tend to be more responsible and file fewer claims as compared to drivers with lower ratings. So if your credit history could use some work, you may save money insuring your 1998 Jaguar XK-Series if you improve your credit rating.
• Rate your vehicle for proper use – The more miles you rack up on your Jaguar in a year’s time the higher the price you pay to insure it. Most insurance companies price each vehicle’s coverage determined by how the vehicle is used. Autos that do not get driven very much receive better premium rates than vehicles that are driven to work every day. An improperly rated XK-Series may be costing you. It’s a smart idea to ensure your auto insurance policy properly reflects the correct usage.
• Raise deductibles and save – The deductibles you choose define the amount you are willing to pay before your auto insurance pays a claim. Physical damage insurance, also called comprehensive and collision insurance, covers damage that occurs to your car. Some coverage claims could be rearending another vehicle, fire damage, and having a roll-over accident. The larger the amount the insured has to pay upfront, the less your company will charge you for insurance on XK-Series insurance.

Which is the best car insurance?

When it comes to buying coverage, there really is not a perfect coverage plan. Every insured’s situation is different.

For instance, these questions might help in determining if you will benefit from professional help.

• Why am I required to get a high-risk car insurance policy?
• Exactly who is provided coverage by my policy?
• How many claims can I have before being cancelled?
• Does my 1998 Jaguar XK-Series qualify for pleasure use?
• Is business property covered if stolen from my car?
• Do I need replacement cost coverage on my 1998 Jaguar XK-Series?
• Is my teen driver covered when they drive my company car?
• Should I buy only the required minimum liability coverage?

If you’re not sure about those questions but a few of them apply, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form.

Insurance coverage buyers beware

Well-known insurance coverage companies like Progressive, Geico, Allstate and State Farm endlessly run television, radio, and online ads. They all make the same claim that drivers can save some big amount if you just switch to their company. How does every insurance coverage company give you a better price?

Most companies have specific characteristics for the type of customer that is profitable for them. An example of a profitable customer may need to be between the ages of 30 and 50, has a clean driving record, and drives newer vehicles. A customer who fits those characteristics will probably get the lowest car insurance rates and will most likely save some money.

Potential customers who fall short of the “perfect” profile may receive higher prices which results in the customer not purchasing. If you pay close attention to the ads, they say “drivers that switch” not “all people who quote” can save as much as they claim. That’s the way insurance companies can make claims like that.

Because each company has a different risk profile, you should do a rate comparison at every renewal. It’s just not possible to know which insurance coverage company will have the best prices for your profile.

Auto insurance 101

Having a good grasp of your auto insurance policy can help you determine the right coverages and the correct deductibles and limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as hail damage, a tree branch falling on your vehicle and damage from getting keyed. The highest amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants as well as damage to your Jaguar XK-Series.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Usually the UM/UIM limits do not exceed the liability coverage limits.

Collision insurance

Collision insurance pays for damage to your XK-Series resulting from a collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as scraping a guard rail, colliding with a tree, backing into a parked car, sideswiping another vehicle and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. Drivers also have the option to increase the deductible to bring the cost down.

Liability

Liability insurance can cover damage that occurs to people or other property. This insurance protects YOU from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 50/100/50 which means a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers things like bail bonds, attorney fees and medical expenses. How much coverage you buy is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for bills for hospital visits, nursing services, doctor visits, chiropractic care and pain medications. They are used to fill the gap from your health insurance policy or if you do not have health coverage. They cover you and your occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

And the best car insurance company is…

We just covered many ways to lower your 1998 Jaguar XK-Series insurance premium rates. The key concept to understand is the more quotes you get, the more likely it is that you will get a better rate. Drivers may discover the most savings is with a small local company.

When trying to cut insurance costs, don’t be tempted to sacrifice coverage to reduce premiums. There are a lot of situations where an insured cut physical damage coverage and learned later that saving that couple of dollars actually costed them tens of thousands. Your goal should be to purchase a proper amount of coverage at the best price, but don’t skip important coverages to save money.

Cheap 1998 Jaguar XK-Series insurance can be bought online and with local insurance agents, so you need to quote insurance coverage with both so you have a total pricing picture. Some auto insurance companies may not offer price quotes online and usually these small insurance companies prefer to sell through independent insurance agents.

For more information, link through to the articles below:

• How to Avoid Staged Accidents (State Farm)
• Keeping Children Safe in Crashes Video (iihs.org)
• Distracted Driving Extends Beyond Texting (State Farm)
• Things to Know Before you Cancel Insurance (Allstate)
• Vehicle Size and Weight FAQ (iihs.org)