Compare 2014 Land Rover LR2 Car Insurance Cost

Searching for cheaper insurance rates for your Land Rover LR2? Nobody I know likes paying for insurance, especially when they could find better prices if they shop around.

Lots of insurance companies contend for your insurance dollar, so it’s not easy to compare every provider to find the best price available.

If you have car insurance now, you should be able to reduce your rates substantially using this strategy. Finding affordable coverage is not rocket science. Nevertheless, car owners benefit from understanding how the larger insurance companies price insurance differently and take advantage of how the system works.

Find hidden discounts to get affordable insurance rates

Insurance can be pricey, but you can get discounts that can dramatically reduce your bill. Some discounts apply automatically when you complete an application, but some may not be applied and must be specifically requested prior to getting the savings. If you don’t get every credit possible, you are just wasting money.

• Auto/Life Discount – Insurance companies who offer life insurance give a lower rate if you buy auto and life insurance together.
• E-sign – A handful of companies will discount your bill up to fifty bucks for buying your policy on your computer.
• Discounts for Good Drivers – Safe drivers may receive a discount up to 45% for LR2 insurance than drivers with accidents.
• Air Bags and Passive Restraints – Cars that have air bags can receive discounts up to 30%.
• Military Deployment Discount – Being on active duty in the military can result in better prices.
• Drivers Education – Have your child enroll and complete driver’s education if it’s offered in school.

Consumers should know that most discount credits are not given the the whole policy. Some only apply to the cost of specific coverages such as comprehensive or collision. Even though the math looks like you can get free auto insurance, companies don’t profit that way. But any discount will definitely reduce your overall premium however.

The best insurance companies and some of the premium reductions they offer are outlined below.

• Mercury Insurance has discounts for multi-car, professional/association, accident-free, multi-policy, type of vehicle, and good driver.
• Farmers Insurance may include discounts for business and professional, good student, electronic funds transfer, switch companies, and alternative fuel.
• Farm Bureau offers discounts including youthful driver, good student, driver training, renewal discount, and 55 and retired.
• State Farm offers discounts for defensive driving training, passive restraint, Steer Clear safe driver discount, driver’s education, safe vehicle, and multiple policy.
• Allstate discounts include good payer, premier discount, economy car, passive restraint, and utility vehicle.
• Geico offers premium reductions for anti-theft, multi-vehicle, driver training, five-year accident-free, emergency military deployment, and defensive driver.

Check with every insurance company which credits you are entitled to. Some of the earlier mentioned discounts might not be available to policyholders in your state. If you would like to choose from a list of insurance companies offering insurance discounts, follow this link.

Informed consumers know how to get insurance for less

It’s important that you understand some of the factors that play a part in calculating the price you pay for insurance. If you have some idea of what impacts premium levels, this enables you to make decisions that may result in lower rates.

Listed below are a partial list of the pieces used by companies to determine your rates.

• Pay more by driving carelessly – Having a clean driving record influences premium rates substantially. Drivers who don’t get tickets tend to pay less for car insurance as compared to careless drivers. Even one speeding ticket or other violation can bump up the cost by as much as thirty percent. People who have dangerous citations like reckless driving, hit and run or driving under the influence may find they need to file a proof of financial responsibility form (SR-22) with their state DMV in order to prevent their license from being revoked.
• Too many policy claims and you’ll pay more – If you file claims often, you can look forward to either a policy non-renewal or much higher rates. Insurance companies award cheaper rates to policyholders who do not file claims often. Your insurance policy is designed for the large, substantial claims.
• Alarms and GPS tracking lower premiums – Owning a car with anti-theft technology or alarm system can save you some money. Theft prevention features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help prevent car theft.
• Proper usage rating affects rates – The more you drive every year the higher your rate. A lot of insurance companies calculate prices based upon how much you drive. Cars and trucks that are left in the garage cost less to insure than those that get driven frequently. Make sure your policy properly reflects annual mileage, because it can save money. A policy that improperly rates your LR2 can result in significantly higher rates.
• Certain vocations pay higher prices – Did you know your occupation can influence how much you pay for insurance? Jobs such as judges, business owners and stock brokers generally pay higher rates than average due to stressful work requirements and lots of time spent away from family. Other jobs like actors, historians and homemakers generally pay rates lower than average for LR2 insurance.
• Which gender costs less? – Over the last 50 years, statistics have shown women tend to be less risk to insure than men. Now that doesn’t mean men are worse drivers. Males and females have at-fault accidents in similar percentages, but the male of the species tend to have more serious accidents. Men also tend to have more aggressive citations such as DWI and reckless driving.
• Safer vehicles means better rates – Safe vehicles get lower rates. Safe vehicles reduce the chance of injuries and lower rates of occupant injuries means less money paid by your insurance company and more competitive rates for policyholders.
• Coverage lapses lead to higher rates – Having a gap between insurance policy dates can be a sure-fire way to increase your renewal premiums. Not only will you pay more, not being able to provide proof of insurance could earn you a license revocation or jail time.

Tailor your insurance coverage to you

When buying coverage, there isn’t really a single plan that fits everyone. Every insured’s situation is different and your policy should reflect that. Here are some questions about coverages that may help you determine whether your personal situation could use an agent’s help.

• Does car insurance cover theft of personal property?
• Am I covered if I hit a deer?
• When should I not file a claim?
• What are the financial responsibility laws in my state?
• Is my nanny covered when driving my vehicle?
• How much liability insurance is required?

If it’s difficult to answer those questions then you might want to talk to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies.

Tricks in insurance coverage advertising

Insurance coverage companies such as Allstate and Progressive seem to constantly run ads on TV and radio. They all convey the message that drivers can save some big amount if you get a free insurance coverage quote and switch your insurance coverage policy to them. How is it plausible that every one can say the same thing? This is the way they can do it.

All the different companies give the cheapest rates for the type of driver that will be a good risk. For example, a profitable insured may be between 25 and 40, owns a home, and does not commute to work. A driver that meets those criteria gets the lowest car insurance rates and will probably save when they switch companies.

People who are not a match for the requirements will probably have to pay higher prices and this can result in the customer not buying. If you pay attention, the ads say “customers that switch” but not “all drivers who get quotes” save the amount stated. This is how insurance companies can lure you into getting a quote. This emphasizes why drivers must compare price quotes frequently. It is impossible to predict which insurance coverage company will have the best car insurance rates at this point in time.

Car insurance coverage breakdown

Learning about specific coverages of car insurance aids in choosing appropriate coverage and proper limits and deductibles. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Listed below are the normal coverages found on the average car insurance policy.

Comprehensive insurance

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like a tree branch falling on your vehicle, theft, damage from flooding, fire damage and damage from a tornado or hurricane. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Liability coverage

This coverage will cover damage that occurs to a person or their property in an accident. It protects you against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability insurance covers things such as pain and suffering, emergency aid, attorney fees, repair bills for other people’s vehicles and medical expenses. How much coverage you buy is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for expenses like pain medications, hospital visits and surgery. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Collision insurance

Collision coverage covers damage to your LR2 from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against claims like colliding with a tree, sideswiping another vehicle and rolling your car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. You can also increase the deductible to save money on collision insurance.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection from other drivers when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Land Rover LR2.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.

Be a smart shopper

Lower-priced insurance can be purchased both online and from local agencies, so you need to quote insurance coverage with both so you have a total pricing picture. Some companies may not offer online rate quotes and usually these smaller providers sell through independent insurance agencies.

We just covered a lot of ways to compare 2014 Land Rover LR2 insurance premium rates online. The key concept to understand is the more rate comparisons you have, the higher your chance of finding low cost insurance coverage. You may even discover the best price on insurance is with a lesser-known regional company. Some small companies can often provide lower prices in certain areas than the large multi-state companies such as Allstate or State Farm.

Additional detailed information can be read in the articles below:

• Rental Car Insurance Tips (Insurance Information Insitute)
• Teen Driving and Texting (State Farm)
• Parking Tips to Reduce Door Dings (State Farm)
• What is a Telematics Device? (Allstate)