Lower Your 2006 Jaguar X-Type Insurance Rates

Trying to come up with a payment for high-priced car insurance can empty your savings account and make it impossible to make ends meet.

Companies like Allstate, Liberty Mutual and State Farm continually bombard you with ad campaigns and consumers find it hard to avoid their marketing magic and do the work needed to find the best deal.

If you currently have a car insurance policy, you should be able to reduce your rates substantially using these tips. Finding the best rates is not rocket science. Although vehicle owners must learn how companies sell online because it can help you find the best coverage.

Informed drivers can reduce insurance rates

Multiple criteria are used when you quote your car insurance policy. Some are obvious such as traffic violations, but others are more transparent like your vehicle usage or how financially stable you are.

The factors shown below are some of the most rate-impacting factors used by insurance companies to determine your rates.

• You may save more by combining policies – Most major companies allow a discount for people that have more than one policy, otherwise known as a multi-policy discount. Discounts can amount to ten or even fifteen percent. Even if you already get this discount, it’s in your best interest to compare rates to confirm you are receiving the best rates possible. Consumers may find better rates by splitting coverages up.
• Premiums are lower the older you get – Youthful drivers are statistically shown to be less responsible behind the wheel so they pay higher insurance coverage rates. Having to add a inexperienced driver to your insurance coverage policy can be very expensive. Mature drivers tend to be more responsible, cost insurance companies less in claims , and usually have better credit.
• Policy add-ons could be costing you – Insurance policies have a lot of add-on coverages that you can buy if you aren’t careful. Things like vanishing deductibles, better glass coverage, and extra equipment coverage could be just wasting money. They may sound like good ideas when talking to your agent, but if you have no use for them eliminate the coverages to reduce your premium.
• Safer vehicles means cheaper insurance – Vehicles with good safety scores tend to have lower insurance rates. Highly rated vehicles help reduce the chance of injuries in an accident and any reduction in injury severity means your insurance company pays less and more competitive rates for policyholders.

You may qualify for discounts

Insurance is easily one of your largest bills, but you might find some hidden discounts to help bring down the price. Some discounts will apply when you purchase, but some may not be applied and must be requested specifically in order for you to get them.

• Homeowners Discount – Owning a home may earn you a small savings due to the fact that maintaining a home is proof of financial responsibility.
• Discount for Low Mileage – Keeping the miles down on your Jaguar can qualify you for cheaper prices.
• One Accident Forgiven – but a handful of insurance companies will let one accident slide without raising rates as long as you don’t have any claims for a specific time period.
• Drivers Ed for Students – Cut your cost by having your teen driver participate in a local driver’s education class in school.
• Multi-Vehicle Discounts – Purchasing coverage when you have several vehicles on a single policy may reduce the rate for each vehicle.
• Responsible Drivers – Accident-free drivers can save as much as half off their rates on X-Type insurance compared to rates paid by drivers with frequent claims.
• Anti-lock Brake System – Cars that have anti-lock braking systems are safer to drive and will save you 10% or more.

As a sidenote, most of the big mark downs will not be given to the overall cost of the policy. The majority will only reduce specific coverage prices like medical payments or collision. So when the math indicates you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.

Larger insurance companies and the discounts they provide are:

• American Family offers discounts including bundled insurance, good driver, mySafetyValet, defensive driver, and TimeAway discount.
• State Farm includes discounts for good student, safe vehicle, good driver, driver’s education, and defensive driving training.
• 21st Century may include discounts for early bird, good student, student driver, defensive driver, air bags, and homeowners.
• Travelers offers premium reductions for student away at school, hybrid/electric vehicle, IntelliDrive, driver training, early quote, payment discounts, and save driver.
• Geico offers discounts for membership and employees, good student, air bags, daytime running lights, emergency military deployment, multi-vehicle, and anti-theft.

Double check with each company or agent which credits you are entitled to. Some discounts might not be available to policyholders in your area. If you would like to view companies with the best discounts, follow this link.

Insurance coverage ads are enticing

Respected companies like State Farm, Allstate and Geico endlessly run television and radio advertisements. They all seem to advertise claims that drivers can save some big amount if you switch your coverage. How does each company have lower policy pricing? It’s all in the wording.

Insurance providers give the best rates for the type of customer that earns them a profit. An example of a profitable customer could be a married female, has never had a claim, and drives a safe vehicle. Anyone who meets those qualifications will get very good prices as well as cut their rates substantially.

Drivers who are not a match for the ideal profile will see higher prices which results in business not being written. If you listen closely, the ads state “people that switch” not “all people who quote” save the amount stated. That’s why companies can state the savings.

Because each company has a different risk profile, you really need to compare rate quotes every year. Because you never know the company that will have the lowest rate quotes.

There’s no such thing as the perfect auto insurance policy

When choosing the right insurance coverage for your personal vehicles, there is no single plan that fits everyone. Your needs are not the same as everyone else’s and your policy should reflect that. For example, these questions could help you determine if you may require specific advice.

• Am I covered when renting a car or should I buy coverage from the car rental agency?
• Does my liability insurance cover pulling a trailer or camper?
• What is no-fault insurance?
• Should I put collision coverage on all my vehicles?
• Can I afford low physical damage deductibles?
• Is pleasure use cheaper than using my 2006 Jaguar X-Type to commute?
• Is rental equipment covered for theft or damage?
• Is business equipment covered while in my vehicle?
• Am I covered if I break a side mirror?
• How do I buy GAP insurance?

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of auto insurance companies in your area.

What auto insurance coverages do you need?

Having a good grasp of your policy can help you determine the right coverages and the correct deductibles and limits. Policy terminology can be ambiguous and nobody wants to actually read their policy. Below you’ll find the normal coverages found on the average auto insurance policy.

Comprehensive coverages – Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers things like hitting a deer, hitting a bird, a broken windshield and damage from getting keyed. The maximum payout you can receive from a comprehensive claim 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.

Liability insurance – Liability insurance provides protection from damage or injury you incur to other’s property or people in an accident. It protects you from claims by other people, and does not provide coverage for your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 25/50/25 which stand for a $25,000 limit per person for 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 one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims like court costs, legal defense fees and medical expenses. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

Collision coverages – Collision coverage pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like colliding with another moving vehicle, hitting a mailbox and sustaining damage from a pot hole. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Coverage for medical payments – Coverage for medical payments and/or PIP pay for expenses such as doctor visits, X-ray expenses, EMT expenses and dental work. The coverages can be used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover you and your occupants and will also cover getting struck while a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Uninsured and underinsured coverage – Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your Jaguar X-Type.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Normally your uninsured/underinsured motorist coverages are set the same as your liablity limits.

More choices the merrier

More affordable auto insurance can be purchased online as well as from insurance agents, and you need to price shop both to have the best chance of lowering rates. A few companies do not offer price quotes online and usually these smaller companies provide coverage only through local independent agents.

When searching for the cheapest insurance quotes, don’t be tempted to buy poor coverage just to save money. Too many times, an insured dropped comprehensive coverage or liability limits only to regret at claim time that the savings was not a smart move. Your focus should be to find the BEST coverage for the lowest cost, not the least amount of coverage.

You just learned many ways to reduce 2006 Jaguar X-Type insurance premium rates online. The most important thing to understand is the more times you quote, the higher your chance of finding inexpensive insurance. You may even find the best premium rates are with a lesser-known regional company. These companies often have lower prices on specific markets than their larger competitors like Progressive or Geico.

More detailed auto insurance information can be found in these articles:

• Five Steps to Filing an Auto Insurance Claim (Insurance Information Insitute)
• Choosing an Insurance Company (Insurance Information Insitute)
• Safety Tips for Teen Drivers (Insurance Information Insitute)
• Insuring a Leased Car (Insurance Information Insitute)