How Much Does 2006 Jaguar XK-Series Car Insurance Cost?

Looking for the cheapest car insurance rates for your Jaguar XK-Series? Paying low cost prices for car insurance may be nearly impossible for drivers new to buying insurance online. When there are so many insurers to choose from, it can turn into a real hassle to find more affordable car insurance rates.

It’s a great practice to check car insurance prices periodically because rates are constantly changing. Even if you think you had the best premium rates for XK-Series coverage two years ago you can probably find a lower rate today. Block out anything you think you know about car insurance because it’s time to teach you the quickest way to find better rates and still maintain coverage.

How much does auto insurance cost?

To find affordable auto insurance quotes, there are several ways of comparing rate quotes from many different insurance companies. The recommended way to compare rates involves getting comparison quotes online. It is quite easy and can be accomplished in several different ways.

The most efficient way to get quotes is to use a rate comparison form click here to open form in new window. This type of form saves time by eliminating separate quotes for each company you want a rate for. Filling out one form gets insurance cost estimates from many national carriers. This is perfect if you don’t have a lot of time.

A harder way to shop for auto insurance online is going to each company website and complete a new quote form. For instance, we’ll pretend you want to view quotes from Geico, Liberty Mutual and Farmers. You would need to spend time on each company’s site to enter your coverage information, which is why first method is reommended. To view a list of companies in your area, click here.

You can choose any of those ways to find more affodable coverage, but be sure to compare the same quote information with each company. If you enter higher or lower deductibles it’s impossible to make an equal comparison. Having just a slight variation in insurance coverages could skew the results. And when price shopping your coverage, getting more free quotes provides better odds of finding a lower rate than you’re paying now. Some regional insurers cannot provide quotes online, so you also need to get quotes from the smaller companies as well.

Can you really save $414 a year?

Companies like State Farm, Allstate and Geico seem to constantly run ads on television and other media. All the ads seem to make the promise that you can save if you change your auto insurance coverage to their company. How does every company cost less than your current company? Just pay attention to how they say it.

All the different companies look for specific characteristics for the type of driver that earns them the highest profit. One example of a profitable customer might have to be between 25 and 40, has no driving citations, and drives less than 7,500 miles a year. Any driver that meets those criteria will get very good premium rates and will most likely cut their rates substantially.

Potential customers who may not quite match these stringent criteria may be forced to pay higher prices and ends up with the prospect going elsewhere. The trick is to say “people that switch” not “all people who quote” save money. That’s why companies can truthfully claim big savings.

This really emphasizes why drivers should compare quotes as often as possible. It’s just too difficult to predict with any certainty which company will be your best fit.

Take policy discounts and save

Car insurance is not cheap, but there could be available discounts that you may not know about. Some of these disounts will be visible when you quote, but occassionally some discounts must be asked about in order for you to get them.

• Government Employees – Federal government employees could cut as much as 10% off for XK-Series coverage with certain companies.
• Passive Restraints and Air Bags – Factory air bags or motorized seat belts can get savings up to 30%.
• Low Miles Discount – Fewer annual miles on your Jaguar can earn lower insurancerates on the low mileage vehicles.
• Homeowners Discount – Just being a homeowner can help you save on insurance due to the fact that maintaining a home means you have a higher level of financial diligence.
• Pay Upfront and Save – By paying your policy upfront instead of monthly or quarterly installments you can avoid the installment charge.
• No Claims – Drivers with accident-free driving histories get the best insurance rates when compared to insureds who have frequent claims or accidents.
• Telematics Data – Policyholders that allow driving data collection to track driving patterns by using a telematics device in their vehicle such as Snapshot from Progressive or Drivewise from Allstate could possibly reduce rates if they have good driving habits.
• Safety Restraint Discount – Requiring all passengers to buckle up can save 10% or more on the medical payments or PIP coverage costs.
• Policy Bundle Discount – When you have multiple policies and insure them both with the same insurance company you could earn a discount of approximately 10% to 15%.
• Online Discount – A few larger companies give back up to $50 simply for signing over the internet.

As a footnote on discounts, most discount credits are not given the the whole policy. Some only reduce specific coverage prices like comp or med pay. So even though you would think you can get free auto insurance, it doesn’t quite work that way.

Popular insurance companies and a selection of discounts are shown below.

• Geico offers discounts for membership and employees, defensive driver, anti-theft, military active duty, federal employee, seat belt use, and anti-lock brakes.
• Travelers offers discounts including save driver, continuous insurance, early quote, driver training, multi-car, and payment discounts.
• Farm Bureau may have discounts that include multi-vehicle, multi-policy, youthful driver, safe driver, renewal discount, good student, and 55 and retired.
• Liberty Mutual may include discounts for hybrid vehicle, multi-policy, new graduate, new vehicle discount, good student, and exclusive group savings.
• American Family offers premium reductions for TimeAway discount, multi-vehicle, defensive driver, bundled insurance, and mySafetyValet.
• Progressive includes discounts for multi-vehicle, continuous coverage, online signing, online quote discount, multi-policy, and good student.

If you want inexpensive auto insurance quotes, ask each company which discounts you qualify for. Some discounts might not be available to policyholders in your area. For a list of companies that offer many of these discounts, click this link.

Which policy gives me the best coverage?

When choosing proper insurance coverage, there really is not a “perfect” insurance plan. Everyone’s needs are different.

For instance, these questions might help in determining if your situation may require specific advice.

• I have good health insurance, so how much medical payments coverage do I need?
• Is motorclub coverage worth it?
• How many claims can I have before being cancelled?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• I have a DUI can I still get coverage?
• Do I have any recourse if my insurance company denies a claim?

If you can’t answer these questions, you may need to chat with an insurance agent. If you want to speak to an agent in your area, complete this form.

Insurance policy coverages for a Jaguar XK-Series

Knowing the specifics of your insurance policy can help you determine which coverages you need and proper limits and deductibles. Insurance terms can be impossible to understand and nobody wants to actually read their policy.

Liability coverages

This coverage provides protection from injuries or damage you cause to people or other property by causing an accident. This coverage protects you from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 100/300/100 that translate to $100,000 bodily injury coverage, $300,000 for the entire accident, and property damage coverage for $100,000. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage pays for things such as bail bonds, repair bills for other people’s vehicles, loss of income, medical expenses and attorney fees. How much liability should you purchase? That is up to you, but buy as high a limit as you can afford.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage provides protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as damage to your Jaguar XK-Series.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Usually these limits do not exceed the liability coverage limits.

Comprehensive (Other than Collision)

This pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as damage from getting keyed, vandalism, hitting a deer and rock chips in glass. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision coverage

This coverage will pay to fix damage to your XK-Series resulting from a collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like backing into a parked car, damaging your car on a curb, rolling your car and hitting a parking meter. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Medical expense insurance

Med pay and PIP coverage reimburse you for expenses for things like dental work, hospital visits and prosthetic devices. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants as well as being hit by a car walking across the street. PIP is not an option in every state and may carry a deductible

Knowledge is power

We covered a lot of tips how to save on 2006 Jaguar XK-Series insurance. It’s most important to understand that the more companies you get rates for, the better your comparison will be. Consumers may even find the lowest prices come from some of the smallest insurance companies.

As you prepare to switch companies, don’t be tempted to reduce coverage to reduce premium. There have been many cases where an insured dropped physical damage coverage and found out when filing a claim that the small savings ended up costing them much more. Your aim should be to get the best coverage possible at an affordable rate, but do not sacrifice coverage to save money.

Consumers who switch companies do it for a variety of reasons including unfair underwriting practices, being labeled a high risk driver, delays in responding to claim requests or even delays in paying claims. It doesn’t matter what your reason, switching car insurance companies can be easy and end up saving you some money.

To read more, feel free to visit the following helpful articles:

• What is Covered by GAP Insurance? (Allstate)
• Understanding Your Insurance Deductible (Insurance Information Insitute)
• Safety Belts FAQ (iihs.org)
• Prepare your Teens for Safe Driving (InsureUonline.org)
• Five Tips to Save on Auto Insurance (Insurance Information Insitute)
• Parking Tips to Reduce Door Dings (State Farm)