Cheaper 1998 Jaguar XK-Series Insurance Cost

Are you sick and tired of not being able to afford each month for auto insurance? You are in the same boat as most other drivers. Many insurers vie for your business, so it can be very hard to choose a insurer and get the definite lowest rate possible.

You should take the time to price shop coverage once or twice a year since prices trend upward over time. If you had the best rates for XK-Series insurance last year you may be paying too much now. Forget anything you know (or think you know) about auto insurance because you’re going to get a crash course in the quickest way to remove unneeded coverages and save money.

Lower insurance rates with these tips

Many factors are part of the calculation when you get a price on insurance. A few of the factors are predictable like your driving record, but other factors are not as apparent such as your marital status or your commute time.

  • Does your vocation raise your car insurance rates? – Careers like military generals, business owners and financial analysts tend to have higher premium rates because of stressful work requirements and long work days. On the flip side, careers like farmers, historians and performers have lower than average premiums for XK-Series insurance.
  • Buy a safe car and pay less – Vehicles that have high safety ratings cost less to insure. These vehicles help reduce the chance of injuries in an accident and reduced instances of injuries translates directly to fewer claims and lower rates for you. If the Jaguar XK-Series is rated at a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
  • You might get higher costs if you are single – Having a spouse may earn you lower rates on car insurance. Having a significant other demonstrates that you tend to be more mature and statistics show married drivers get in fewer accidents.
  • Cheaper car insurance rates for prior coverage – Not maintaining insurance is a misdemeanor and you will pay a penalty because you let your coverage have a gap. In addition to paying higher premiums, failure to provide proof of insurance could earn you a revoked license or a big fine.

Insurance policy discounts

Companies that sell car insurance don’t necessarily list all possible discounts in an easy-to-find place, so the below list has a few of the more common and also the more inconspicuous credits available to lower your premiums when you buy auto insurance online.

  • Student Discount for Driver Training – Make teen driver coverage more affordable by requiring them to sucessfully take a drivers education course if it’s offered in school.
  • Discounts for New Vehicles – Buying a new car instead of a used car can cost up to 25% less since newer models are generally safer.
  • Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a discount if you purchase some life insurance in addition to your auto policy.
  • Accident Forgiveness – Not a discount per se, but companies like Liberty Mutual and Geico will let one accident slide before they charge you more for coverage as long as you don’t have any claims for a specific time period.
  • Driving Data Discount – Drivers that enable driving data collection to study when and where they use their vehicle through the use of a telematics system such as Progressive’s Snapshot and State Farm’s In-Drive may see discounts if they exhibit good driving behavior.
  • Pay Now and Pay Less – If you pay your bill all at once instead of making monthly payments you could save up to 5%.
  • Discount for Good Grades – Getting good grades can be rewarded with saving of up to 25%. Earning this discount can benefit you up to age 25.
  • Paperwork-free – Certain insurance companies will discount your bill up to fifty bucks just for signing your application on their website.

Please keep in mind that most discount credits are not given the the whole policy. Most cut specific coverage prices like liability and collision coverage. Despite the fact that it seems like adding up those discounts means a free policy, nobody gets a free ride. Any amount of discount will cut your overall premium however.

To see a list of companies with discount rates, click here.

How do I know if I need professional advice?

When choosing proper insurance coverage, there really is no single plan that fits everyone. Coverage needs to be tailored to your specific needs so this has to be addressed. For instance, these questions can help discover whether or not you may require specific advice.

  • What is the rate difference between pleasure use and commuting?
  • Why do I need rental car insurance?
  • Can I drive in Mexico and have coverage?
  • Should I rate my 1998 Jaguar XK-Series as pleasure use or commute?
  • Is my nanny covered when driving my vehicle?
  • Should I bundle my homeowners policy with my auto?

If you can’t answer these questions, you may need to chat with an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies. It is quick, free and can help protect your family.

Specific coverages for a Jaguar XK-Series

Having a good grasp of your insurance policy helps when choosing which coverages you need and proper limits and deductibles. Insurance terms can be ambiguous and reading a policy is terribly boring. These are the usual coverages found on the average insurance policy.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Jaguar XK-Series.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage kick in for immediate expenses for things like EMT expenses, ambulance fees and rehabilitation expenses. They are often used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Coverage applies to you and your occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Coverage for collisions

This coverage covers damage to your XK-Series from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision insurance covers things like damaging your car on a curb, hitting a parking meter and colliding with another moving vehicle. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Another option is to bump up the deductible to bring the cost down.

Comprehensive insurance

This covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like damage from a tornado or hurricane, a tree branch falling on your vehicle, hitting a deer and theft. The maximum amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Liability car insurance

This can cover damages or injuries you inflict on other’s property or people that is your fault. This insurance protects YOU against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability insurance covers claims like bail bonds, pain and suffering, repair bills for other people’s vehicles and medical expenses. How much coverage you buy is up to you, but consider buying as high a limit as you can afford.

Summing up your insurance coverage search

In this article, we covered a lot of information how to save on 1998 Jaguar XK-Series insurance. The most important thing to understand is the more rate quotes you have, the better likelihood of getting low cost auto insurance. You may even discover the lowest prices come from a small local company. These smaller insurers may cover specific market segments cheaper than their larger competitors like Progressive and Geico.

When getting auto insurance quotes online, it’s not a good idea to reduce coverage to reduce premium. There are too many instances where drivers have reduced collision coverage only to discover later that it was a big mistake. The goal is to purchase a proper amount of coverage at the lowest possible cost, but do not skimp to save money.

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