Compare 1999 Jaguar XJR Insurance Cost

Car insurance shoppers not familiar with price shopping auto insurance online might discover purchasing inexpensive auto insurance is nearly impossible.

You need to do price comparisons quite often since prices trend upward over time. Just because you found the lowest price for XJR coverage on your last policy you can probably find a lower rate today. You’ll find quite a bit of inaccurate information about insurance coverage out there, but in this article, you’re going to get some proven techniques to put money back in your pocket.

Why your insurance prices might be higher

An important part of buying insurance is that you know the rating factors that play a part in calculating your premiums. If you know what determines base rates, this allows you to make good choices that can earn you cheaper rates. Lots of things are used when you quote your car insurance policy. Most are fairly basic like an MVR report, but others are more obscure such as your marital status or your vehicle rating.

  • Don’t get traffic citations – Your driving record has a lot to do with how much you pay for insurance. Good drivers pay less for auto insurance as compared to those with violations. Having a single driving citation could increase your next policy renewal twenty percent or more. Drivers who get severe violations like reckless driving, hit and run or driving under the influence may need to complete a SR-22 with their state’s department of motor vehicles in order to keep their license.
  • Do you really need to file that policy claims? – If you file claims often, you can look forward to higher rates. Companies provide discounts to people who are claim-free. Your insurance policy is intended for the bigger claims that can’t be paid out-of-pocket.
  • Increase comp and collision deductibles to save – The deductibles you choose define the amount the insured will be required to pay if a claim is determined to be covered. Protection for physical damage, aka comp and collision, is used to repair damage to your car. Examples of covered claims would be rearending another vehicle, hail damage, and damage from wind. The more you choose to pay out-of-pocket, the less your insurance will be for XJR coverage.
  • Only buy extra policy coverages you need – There are many additional coverages you can purchase but may not be useful. Add-on coverages like roadside assistance, death and dismemberment, and membership fees are examples of these. They may seem good when discussing your needs, but if you don’t need them remove them and pocket the money.
  • Your gender affects prices – Statistics show women are more cautious behind the wheel. It does not mean men are WORSE drivers than women. Males and females are responsible for auto accidents in similar numbers, but males tend to have more serious accidents. Men also statistically receive more costly citations like DWI (DUI) or reckless driving. Young males tend to get in the most accidents so they pay the highest premiums.
  • Insurance lapses lead to higher insurance rates – Not maintaining insurance can get your license suspended and you may have a hard time finding new coverage because you let your coverage cancel without a new policy in place. And not only will your rates increase, getting caught without coverage could result in a revoked license or a big fine. You may then be required to prove you have insurance by filing a SR-22 with your state motor vehicle department to get your license reinstated.
  • High premiums for younger drivers – Teen drivers are statistically proven to be more careless behind the wheel therefore insurance rates are much higher. Adding a teenage driver to your insurance policy can break the bank. Older, more experienced drivers are more cautious drivers, statistically cause fewer accidents and are safer drivers.
  • Pleasure use saves money – Driving a lot of miles each year the more you’ll pay to insure it. Most insurance companies charge to insure your cars determined by how the vehicle is used. Cars that sit idle most of the time receive lower rates than vehicles that are driven to work every day. It’s a good idea to make sure your policy properly reflects the proper vehicle usage, because it can save money. An incorrectly rated XJR may be costing you higher rates.

These discounts can lower insurance coverage rates

Car insurance can cost a lot, but you might already qualify for some discounts to cut the cost considerably. A few discounts will be applied at the time you complete a quote, but a few need to be specifically requested before you will receive the discount. If you do not check that you are getting every discount you qualify for, you may be paying too high a price.

  • Life Insurance Discount – Some companies give a small discount if you purchase auto and life insurance together.
  • Data Collection Discounts – People who choose to allow data collection to monitor their driving habits by using a telematic data system such as In-Drive from State Farm or Allstate’s Drivewise system may see discounts if they show good driving skills.
  • Drivers Education – Require your teen driver to sucessfully take a drivers education course if it’s offered in school.
  • Federal Employees – Having worked for a branch of the government can earn a discount up to 10% for XJR coverage with certain companies.
  • Discounts for New Vehicles – Buying insurance coverage on a new vehicle is cheaper since new model year vehicles have better safety ratings.
  • Seat Belt Usage – Buckling up and requiring all passengers to buckle their seat belts can save a little off PIP or medical payments premium.
  • Organization Discounts – Having an affiliation with a qualifying organization could trigger savings on insurance coverage.
  • Distant College Student Discount – Children who live away from home at college and do not take a car to college can be insured at a reduced rate.
  • Pay Early and Save – By making one initial payment instead of making monthly payments you can actually save on your bill.

As a disclaimer on discounts, many deductions do not apply the the whole policy. Some only reduce specific coverage prices like physical damage coverage or medical payments. Even though it appears it’s possible to get free car insurance, companies wouldn’t make money that way.

Companies and a selection of discounts are shown below.

  • Progressive may offer discounts for online quote discount, continuous coverage, good student, multi-policy, online signing, multi-vehicle, and homeowner.
  • MetLife may have discounts that include good student, multi-policy, defensive driver, claim-free, and good driver.
  • Mercury Insurance offers discounts including low natural disaster claims, annual mileage, anti-theft, location of vehicle, and good driver.
  • Nationwide policyholders can earn discounts including multi-policy, defensive driving, accident-free, good student, Farm Bureau membership, family plan, and easy pay.
  • Geico discounts include anti-lock brakes, air bags, defensive driver, multi-vehicle, military active duty, seat belt use, and federal employee.
  • AAA has savings for pay-in-full, multi-car, good student, good driver, AAA membership discount, and education and occupation.

When quoting, ask each company or agent which credits you are entitled to. Discounts may not apply to policyholders in your area. To view companies that offer the discounts shown above, click here.

Save 15 percent in 15 minutes? Is it for real?

Popular insurance providers such as Geico, State Farm and Progressive constantly bombard you with ads on television and other media. All the ads tend to make the same promise that you’ll save big if you move to their company. How is it plausible that every one can have lower policy pricing? This is the way they can do it.

All companies have an ideal profile for a prospective insured that will generate a profit. For instance, this type of insured may need to be between the ages of 30 and 50, carries high limits, and drives a lower-performance vehicle. Any person who meets those qualifications will get low premium rates and therefore will save a lot of money.

Potential customers who don’t qualify for this stringent profile will be charged higher premium rates and this can result in the driver buying from a lower-cost company. If you pay attention, the ads say “drivers that switch” not “everybody who quotes” save money. This is how companies can make it sound like they have such great premium rates. This really drives home the point why you really need to compare many company’s premium rates. It is impossible to predict which company will have the best car insurance rates at this point in time.

When do I need an agent’s advice?

When choosing proper insurance coverage for your vehicles, there really is not a cookie cutter policy. Each situation is unique.

These are some specific questions might point out whether you might need an agent’s assistance.

  • Am I covered when driving someone else’s vehicle?
  • Why is insurance for a teen driver so high?
  • Does my medical payments coverage pay my health insurance deductible?
  • Do I need special endorsements for business use of my vehicle?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Am I covered by my spouse’s policy after a separation?
  • Does medical payments coverage apply to all occupants?
  • Can I rate high risk drivers on liability-only vehicles?
  • Am I covered if I drive in a foreign country?
  • Can I still get insurance after a DUI?

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you don’t have a local agent, fill out this quick form.

Auto insurance coverage information

Learning about specific coverages of your policy can be of help when determining appropriate coverage and the correct deductibles and limits. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage provides protection when other motorists either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your Jaguar XJR.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Collision coverage – Collision insurance pays for damage to your XJR from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims such as colliding with a tree, crashing into a building, crashing into a ditch, sustaining damage from a pot hole and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible to save money on collision insurance.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses such as funeral costs, rehabilitation expenses, surgery, ambulance fees and prosthetic devices. They are used to fill the gap from your health insurance plan or if you do not have health coverage. It covers all vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Comprehensive insurance – Comprehensive insurance covers damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like vandalism, theft, falling objects, hitting a deer 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 it’s not worth much more than your deductible consider removing comprehensive coverage.

Auto liability – Liability coverage will cover damage or injury you incur to other’s property or people by causing an accident. It protects you from claims by other people. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability coverage pays for things like court costs, loss of income and funeral expenses. How much liability coverage do you need? That is your choice, but buy as high a limit as you can afford.

More effort can pay off

Some companies may not have online rate quotes and these small, regional companies work with independent insurance agencies. More affordable insurance coverage is possible online as well as from independent agents, and you need to price shop both to have the best selection.

When buying insurance coverage, do not buy less coverage just to save a little money. In many instances, an accident victim reduced uninsured motorist or liability limits to discover at claim time they didn’t purchase enough coverage. Your focus should be to buy enough coverage for the lowest price, but do not skimp to save money.

People change insurance companies for any number of reasons including extreme rates for teen drivers, an unsatisfactory settlement offer, lack of trust in their agent or even high prices. It doesn’t matter why you want to switch finding a new insurance coverage company can be easier than you think.

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