How Much Does 2011 Jeep Compass Insurance Cost?

Are you regretting buying high-priced insurance? Believe me when I say there are many consumers feeling the pinch from expensive insurance.

Multiple insurers compete for your hard-earned dollar, so it can be very hard to choose a insurer to find the absolute lowest cost out there.

You need to do price comparisons periodically because prices go up and down regularly. Even if you think you had the lowest quotes on Compass coverage two years ago you can probably find a lower rate today. Forget all the misinformation about insurance because we’re going to show you one of the best ways to find better rates and still maintain coverage.

How to compare free car insurance price quotes

When comparison shopping, there are several ways to compare rate quotes from local car insurance companies. The best method to comparison shop is to jump online and get quotes. This can be accomplished in a couple minutes as outlined below.

The most efficient way to get the best comparison quotes would be an industry-wide quote request form click here to open form in new window. This easy form prevents you from having to do multiple quote forms to each individual car insurance company. Filling out one form gets you coverage quotes instantly.

A slightly less efficient method to get comparison quotes is spending the time to visit the website for each individual company and go through the quote process again. For examples sake, let’s assume you want to compare Allstate, Progressive and Geico. You would need to spend time on each company’s site and repeatedly enter your information, which is why most consumers use the first method. For a list of links to insurance companies in your area, click here.

Take whichever approach you prefer, but make absolute certain that you use nearly identical quote information on every quote. If you compare different values for each quote it’s not possible to make a fair rate comparison. Even a minor difference in coverage limits could throw off the whole comparison. And when comparing car insurance rates, know that comparing more quotes will enable you to find the best rates. Some regional insurers cannot provide online quotes, so it’s important to also get rates from those companies as well.

Insurance coverage discounts are available to cut your rates

Insurance coverage can be pricey, but you may be missing some discounts that could help you make your next renewal payment. A few discounts will be applied at the time you complete a quote, but a few need to be asked for before you will receive the discount. If you’re not getting every credit you deserve, you’re paying more than you need to.

• No Charge for an Accident – but certain companies will turn a blind eye to one accident without the usual rate increase if you have no claims for a set time period.
• Driver’s Ed – It’s a good idea to have your young drivers take driver’s ed class if offered at their school.
• Responsible Drivers – Insureds who avoid accidents can pay as much as 50% less on Compass coverage than their less cautious counterparts.
• More Vehicles More Savings – Drivers who insure more than one vehicle on a single policy can reduce rates for all insured vehicles.
• Low Mileage Discounts – Low mileage vehicles may enable drivers to earn slightly better rates than normal.
• Anti-lock Brake System – Cars and trucks equipped with ABS or steering control can stop better under adverse conditions and the ABS can save up to 10%.
• Telematics Data Discounts – Insureds that choose to allow driving data submission to monitor when and where they use their vehicle by using a small device installed in their vehicle like Drivewise from Allstate or In-Drive from State Farm might see lower rates if they have good driving habits.
• Distant College Student Discount – Kids who are enrolled in a college that is more than 100 miles from home and won’t have access to an insured vehicle could get you a discount.
• Payment Method – By paying your policy upfront rather than paying monthly you could save up to 5%.

It’s important to understand that most credits do not apply the the whole policy. Most only apply to the cost of specific coverages such as liability and collision coverage. So despite the fact that it appears it’s possible to get free car insurance, companies don’t profit that way. Any amount of discount will help reduce your policy premiums.

Larger insurance coverage companies and a partial list of their discounts are included below.

• American Family policyholders can earn discounts including accident-free, early bird, Steer into Savings, good student, multi-vehicle, and TimeAway discount.
• State Farm includes discounts for good driver, defensive driving training, student away at school, passive restraint, and good student.
• 21st Century offers premium reductions for early bird, theft prevention, teen driver, driver training, and anti-lock brakes.
• Travelers may have discounts that include new car, IntelliDrive, hybrid/electric vehicle, payment discounts, student away at school, multi-policy, and early quote.
• Geico offers discounts including defensive driver, federal employee, driver training, membership and employees, air bags, and emergency military deployment.

When getting a coverage quote, ask every prospective company which discounts you may be entitled to. A few discounts may not be offered in every state. If you would like to choose from a list of providers that provide some of the discounts listed above, follow this link.

Everyone needs different insurance coverage coverages

When it comes to choosing adequate coverage for your vehicles, there really is no cookie cutter policy. Every situation is different and a cookie cutter policy won’t apply. These are some specific questions can help discover whether your personal situation will benefit from professional help.

• Is my dog or cat covered if injured in an accident?
• Are rock chip repairs covered?
• Is my teenager covered with friends in the car?
• Do I need medical payments coverage since I have good health insurance?
• Should I file a claim if it’s only slightly more than my deductible?
• What exactly is covered by my policy?
• When should I remove comp and collision on my 2011 Jeep Compass?
• When should I buy a commercial auto policy?
• What can I do if my company won’t pay a claim?
• Why am I required to buy high-risk coverage?

If you don’t know the answers to these questions then you might want to talk to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies.

How your Compass insurance premiums are determined

Lots of things are part of the equation when you get your auto insurance bill. A few of the factors are predictable like an MVR report, but other factors are more obscure such as your marital status or how financially stable you are.An important part of buying insurance is that you know the factors that aid in calculating the price you pay for auto insurance. If you have a feel for what controls the rates you pay, this helps enable you to make changes that can earn you lower auto insurance prices.

• Pay lower premiums if you’re married – Having a significant other actually saves money on your policy. Having a significant other translates into being more mature and responsible and insurance companies like that married drivers tend to have fewer serious accidents.
• Save miles and save money – The higher the miles on your Jeep annually the more you will pay for auto insurance. A lot of insurance companies charge rates based upon how you use the vehicle. Vehicles that do not get driven very much get more affordable rates than those used for commuting. It’s always a good idea to double check that your policy correctly shows the correct driver usage, because it can save money. Improper usage on your Compass may be costing you.
• Do you qualify for a multi-policy discount? – Most major insurance companies will award better rates to clients that have more than one policy in the form of a multi-policy discount. The discount can be 10 percent or more. Even though this discount sounds good, you may still want to check prices from other companies to make sure you are getting the best deal.
• Stress out and pay more – Careers like military generals, executives and miners tend to have higher rates than the rest of us attributed to high stress and lengthy work days. Conversely, careers such as actors, students and retirees pay lower than average rates on Compass coverage.
• GPS tracking and theft deterrents reduce rates – Owning a car that has a built-in theft deterrent system can save you a little every year. Anti-theft features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart car theft and help bring rates down.

Be skeptical of insurance coverage ads

Well-known insurance coverage companies like Geico, State Farm and Progressive continually stream television and radio advertisements. All the companies advertise claims that people will save just by moving your coverage. How do they all cost less than your current company? It’s all in the numbers.

Insurance companies quote the lowest rates for the type of driver they prefer to insure. For instance, a desirable risk might have to be a female over age 40, has never had a claim, and the vehicle is rated for pleasure use. A customer getting a price quote that hits that “sweet spot” will probably get the lowest premium rates and most likely will save a lot of money.

Potential customers who do not match those standards may be forced to pay more expensive rates which translates to business going elsewhere. The ad wording is “drivers that switch” not “all people who quote” save money. That’s why companies can lure you into getting a quote.

Because each company has a different risk profile, you absolutely need to get as many free insurance coverage quotes as possible. It’s just not possible to know which insurance coverage company will provide the lowest premium rates.

Insurance coverage considerations

Learning about specific coverages of your policy helps when choosing which coverages you need for your vehicles. Policy terminology can be difficult to understand and reading a policy is terribly boring. These are typical coverages found on most insurance policies.

Auto liability insurance

Liability coverage will cover damages or injuries you inflict on other’s property or people in an accident. This coverage protects you from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 100/300/100 which stand for a limit of $100,000 per injured person, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage protects against things such as structural damage, attorney fees and loss of income. The amount of liability coverage you purchase is a personal decision, but you should buy higher limits if possible.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally these limits are set the same as your liablity limits.

Collision coverage protection

This coverage covers damage to your Compass resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as colliding with another moving vehicle, colliding with a tree, driving through your garage door, crashing into a ditch and rolling your car. This coverage can be expensive, so consider dropping it from older vehicles. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Comprehensive coverages

This coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as damage from flooding, damage from a tornado or hurricane, a tree branch falling on your vehicle and fire damage. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills such as X-ray expenses, prosthetic devices, dental work, hospital visits and pain medications. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and may carry a deductible

A fool and his money are soon parted

When shopping online for insurance coverage, it’s not a good idea to skimp on critical coverages to save a buck or two. There have been many situations where drivers have reduced uninsured motorist or liability limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to buy the best coverage you can find at the best possible price, but do not skimp to save money.

We just covered quite a bit of information on how to reduce 2011 Jeep Compass insurance premium rates online. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding affordable insurance coverage. Drivers may discover the lowest premium rates come from some of the lesser-known companies. Regional companies often have lower prices on specific markets compared to the large companies like State Farm, Geico and Nationwide.

To read more, feel free to browse these articles:

• Safe Vehicles for Teens (iihs.org)
• Understanding Limits and Deductibles (Allstate)
• Car Insurance for Teen Drivers with Divorced Parents (Allstate)
• How Can I Save Money on Auto Insurance? (Insurance Information Insitute)
• Vehicle Safety Ratings (iihs.org)