2011 Jaguar XK Car Insurance Cost

Looking for lower car insurance rates for your Jaguar XK? Have you fallen victim to an overpriced car insurance policy? It’s a common feeling and many drivers have buyer’s remorse.

Many auto insurance companies vie to insure your vehicles, so it’s not easy to compare every insurance company and get the definite lowest cost out there.

If you are paying for car insurance now, you will most likely be able to cut costs considerably using these techniques. Finding the best rates is not rocket science. But car owners must comprehend the methods companies use to price online insurance because it can help you find the best coverage.

Buy insurance coverage online

Effectively comparing insurance coverage prices can be a daunting task if you don’t know the best way to get rate quotes. You can spend countless hours talking about coverages with insurance agencies in your area, or you can stay home and use the web to maximize your effort.

Most major companies take part in a program where insurance shoppers enter their policy data once, and each participating company can give them a price based on that information. This system prevents you from having to do form submissions to each individual insurance coverage company. To fill out one form to compare multiple rates now click here to start a free quote.

The only drawback to using this type of form is buyers cannot specifically choose which companies to receive prices from. So if you want to choose specific providers for rate comparison, we put together a list of the cheapest insurance coverage companies in your area. View list of insurance companies.

You can choose any of those ways to find more affodable coverage, but compare the exact same coverages and limits for every company. If your comparisons have different data it will be next to impossible to determine which rate is truly the best. Just slight variations in insurance coverages or limits may result in large price differences. It’s important to know that comparing a large number of companies increases your odds of finding a lower rate than you’re paying now. Not every company provides quotes online, so it’s important to also get quotes from the smaller companies as well.

What determines Jaguar XK insurance costs?

Consumers need to have an understanding of the different types of things that go into determining your auto insurance rates. If you have some idea of what positively or negatively impacts your premiums, this empowers consumers to make smart changes that may reward you with big savings. Many different elements are used when you get your auto insurance bill. Most are fairly basic such as your driving record, although others are not quite as obvious like your continuous coverage or your financial responsibility.

• Policy add-ons may be wasting money – Policies have extra coverages that may not really be needed when buying auto insurance. Insurance for things like roadside assistance, better glass coverage, and extra equipment coverage may not be needed and are just wasting money. The coverages may be enticing when talking to your agent, but your needs may have changed so eliminate the coverages to reduce your premium.
• Does your job cost you more? – Did you know your occupation can influence how much you pay for auto insurance? Jobs such as military generals, business owners and financial analysts are shown to have higher rates than the rest of us due to high stress and incredibly demanding work hours. On the other hand, jobs like farmers, engineers and retirees receive lower rates for XK coverage.
• Men tend to take more risk – Statistics have proven women tend to be less risk to insure than men. However, don’t assume that women are better drivers. They both cause at-fault accidents in similar percentages, but the male of the species have accidents that have higher claims. Not only are claims higher, but men receive more costly citations such as reckless driving.
• Single drivers may get higher rates – Getting married can get you a discount when buying auto insurance. Marriage generally demonstrates drivers are more financially stable and statistics show married drivers tend to file fewer claims.
• Drive less and get lower costs – The more you drive annually the more you will pay for auto insurance. A lot of insurance companies rate vehicles partially by how you use the vehicle. Autos left parked in the garage receive lower rates than vehicles that have high annual mileage. It’s a good idea to make sure your auto insurance policy states the correct driver usage, because it can save money. An incorrectly rated XK may be costing you.
• Cheaper prices using theft deterrents – Driving a car with anti-theft technology or alarm system can earn a premium discount. Anti-theft devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop car theft.

Verify you’re getting every discount

Some insurers don’t always list all disounts in a way that’s easy to find, so here is a list a few of the more common as well as the least known credits available to you.

• Fewer Miles Equal More Savings – Low mileage vehicles can earn slightly better rates than normal.
• Save over 55 – Older drivers can get a slight reduction on a car insurance quote for XK coverage.
• Braking Control Discount – Cars with ABS braking systems or traction control have fewer accidents and will save you 10% or more.
• Memberships – Belonging to certain professional organizations could qualify you for a break on your policy.
• Paperwork-free – Some of the larger companies may give you up to $50 for buying your policy on your computer.
• Policy Bundle Discount – If you insure your home and vehicles with the same insurance company you could get a discount of nearly 15% which can help you find affordable car insurance.

One thing to note about discounts is that some of the credits will not apply to all coverage premiums. The majority will only reduce individual premiums such as comp or med pay. Even though it appears you would end up receiving a 100% discount, auto insurance companies aren’t that generous.

Larger auto insurance companies and some of the premium reductions they offer include:

• 21st Century has savings for homeowners, driver training, anti-lock brakes, early bird, and 55 and older.
• State Farm offers premium reductions for accident-free, multiple autos, safe vehicle, Steer Clear safe driver discount, and multiple policy.
• AAA offers discounts including good driver, pay-in-full, AAA membership discount, good student, multi-car, and anti-theft.
• Liberty Mutual may include discounts for preferred payment discount, new vehicle discount, good student, hybrid vehicle, and newly married.
• Progressive offers discounts for continuous coverage, online signing, good student, online quote discount, multi-policy, and multi-vehicle.

When getting a coverage quote, ask every insurance company what discounts are available to you. Savings might not be offered in your area. For a list of companies with the best discounts, click here.

When should I discuss my situation with an agent?

When buying coverage for your vehicles, there is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. These are some specific questions might help in determining whether your personal situation may require specific advice.

• What is covered by UM/UIM coverage?
• Should I buy more coverage than the required minimum liability coverage?
• Can I afford to pay high deductible claims out of pocket?
• Is my Jaguar XK covered if I use it for business?
• What is the rate difference between pleasure use and commuting?
• What is the minimum liability in my state?
• Can I make deliveries for my home business?
• Is rental equipment covered for theft or damage?
• Is business equipment covered while in my vehicle?
• Is motorclub coverage worth it?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Insurance coverages 101

Knowing the specifics of your policy can be of help when determining the right coverages and the correct deductibles and limits. Insurance terms can be confusing and even agents have difficulty translating policy wording. Below you’ll find typical coverages offered by insurance companies.

Liability coverages

This can cover injuries or damage you cause to other’s property or people by causing an accident. It protects YOU from claims by other people. It does not 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 policy limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage protects against claims like medical services, repair costs for stationary objects and bail bonds. How much coverage you buy is your choice, but consider buying as much as you can afford.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage provide coverage for bills such as EMT expenses, hospital visits, doctor visits and ambulance fees. They are often used to fill the gap from your health insurance program or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is not an option in every state and may carry a deductible

Collision protection

This will pay to fix damage to your XK caused by collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like hitting a mailbox, rolling your car, sustaining damage from a pot hole and hitting a parking meter. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. You can also bump up the deductible to save money on collision insurance.

Comprehensive insurance

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like falling objects, damage from flooding, hitting a bird, damage from getting keyed and vandalism. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Online plus local equals savings

We just covered some good ideas how you can save on 2011 Jaguar XK insurance. It’s most important to understand that the more you quote car insurance, the better your comparison will be. Consumers may even find the most savings is with a company that doesn’t do a lot of advertising. Smaller companies can often provide lower premium rates in certain areas as compared to the big name companies such as Allstate and Progressive.

When getting car insurance quotes online, don’t be tempted to skimp on coverage in order to save money. In many instances, drivers have reduced uninsured motorist or liability limits only to regret at claim time that they should have had better coverage. Your objective should be to get the best coverage possible at the best cost, but do not sacrifice coverage to save money.

More information is available at these links:

• Older Driver Statistics (Insurance Information Insitute)
• What if I Can’t Find Coverage? (Insurance Information Insitute)
• Distracted Driving Statistics (Insurance Information Insitute)
• Side Impact Crash Tests (iihs.org)
• What are my Rights when Filing a Claim? (Insurance Information Insitute)