Save on 2003 Jaguar XK-Series Insurance Rates

Looking for cheaper insurance rates for your Jaguar XK-Series? I can’t think of anyone who enjoys paying for insurance, particularly when the prices are way too high.

Because you have many insurance providers from which to choose, it is hard for the average consumer to find the most affordable company.

How your XK-Series insurance premiums are determined

Lots of factors are used when you quote your car insurance policy. Some are obvious such as your driving record, although some other factors are more transparent like your continuous coverage or your vehicle rating.An important part of buying insurance is that you know some of the factors that play a part in calculating the level of your policy premiums. When consumers understand what determines premiums, this allows you to make educated decisions that can earn you lower premium levels.

Shown below are just a few of the factors that factor into prices.

  • Premiums drop with age – Beginning drivers have been known to be easily distracted when behind the wheel therefore auto insurance rates are much higher. Older insureds are viewed as being more responsible, cause fewer claims and accidents and receive fewer citations.
  • Do females or males drive better? – Statistics show that women are safer drivers than men. That doesn’t necessarily mean that females are better drivers. Women and men cause fender benders in similar percentages, but guys get into accidents with more damage. Not only are claims higher, but men get higher numbers of serious violations like driving under the influence (DUI).
  • Car insurance liability insurance limits – Liability coverage will afford coverage when you are ruled to be at fault for damages from an accident. This coverage provides for a legal defense which can cost a lot. Liability insurance is quite affordable compared to insuring for physical damage coverage, so buy as much as you can afford.
  • Prices increase with policy add-ons – Insurance policies have a lot of extra bells and whistles that sound like a good idea at the time but may not be useful. Add-on coverages like vanishing deductibles, towing coverage, and membership fees may not be needed and are just wasting money. They may sound like good ideas when you first buy your policy, but if you don’t need them get rid of them and save.

First Step: Get free insurance quotes

All major insurance companies such as State Farm, Allstate and Geico allow consumers to get coverage prices from their websites. Getting quotes is possible for anyone because you just enter your coverage information on the page. Once you submit the form, their system automatically orders credit information and your driving record and gives you a price quote. Online price quotes makes comparing rates easy, but the time it takes to visit each company’s website and repetitively enter the same data into a form can be a bit repetitive. But it’s necessary to perform this step if you want to get the best price possible.

There is a better way!

A better way to locate the lowest prices is to use a quote form that analyzes rates from several different companies. This type of form saves time, requires much less work on your part, and makes online price comparison much easier. As soon as the form is sent, it is quoted and you can select any of the price quotes you receive.

If one or more price quotes are lower than your current rates, it’s easy to complete the application and buy the policy. The entire process takes less than 15 minutes and could lower your rates considerably.

To quickly find out how much you can save on insurance, simply click here to open in new window and submit the form. If you currently have coverage, we recommend you input coverages and limits just like they are on your policy. This way, you will receive a fair comparison for similar insurance coverage.

Don’t listen to company ads

State Farm, Allstate and Geico continually stream ads on television and other media. All the ads say the same thing that people will save if you get a free car insurance quote and switch to them. How is it possible that every company can say the same thing? This is the trick they use.

Insurance companies give the best rates for the type of insured that will generate a profit. For example, a desirable risk might be described as a married male, has no tickets, and insures a new vehicle. Anyone who matches those parameters will qualify for the lowest premium rates and as a result will probably save quite a bit of money when switching.

Insureds who are not a match for this ideal profile will see a higher rate which translates to the customer not purchasing. If you listen to the ad wording, they say “people that switch” but not “all drivers who get quotes” save money. That’s why insurance companies can make those claims.

This illustrates why it’s extremely important to compare as many free car insurance quotes as you can. It is just not possible to predict the company that will have the lowest rates for your situation.

Auto insurance discounts help reduce rates

Companies don’t list every possible discount in an easy-to-find place, so the following list contains both well-publicized as well as the least known credits available to you.

  • Drive Safe and Save – Insureds without accidents can save as much as half off their rates on XK-Series insurance compared to accident prone drivers.
  • Full Payment Discount – By paying your entire bill at once instead of paying each month you can avoid monthly service charges.
  • Distant Student – Youth drivers who attend college more than 100 miles from home and do not have access to a covered vehicle may be able to be covered for less.
  • Life Insurance – Not every insurance company offers life insurance, but if they do you may earn better rates if you take out a life insurance policy as well.
  • Home Ownership Discount – Just being a homeowner may trigger a policy discount on auto insurance because of the fact that having a home is proof of financial responsibility.
  • Seat Belts Save – Requiring all passengers to buckle their seat belts may be able to save a few bucks on medical payment and PIP coverage.

Just know that most credits do not apply to the overall cost of the policy. Most only apply to specific coverage prices like liability, collision or medical payments. Despite the appearance that you can get free auto insurance, nobody gets a free ride.

A partial list of companies that may offer quotes with these benefits may include but are not limited to:

When getting free car insurance quotes, it’s a good idea to all companies you are considering which discounts they offer. Some discounts listed above may not apply in your area. For a list of companies that offer the discounts shown above, click this link.

Which is the best insurance?

When buying the best insurance coverage, there is no perfect coverage plan. Your needs are not the same as everyone else’s so your insurance needs to address that. For instance, these questions could help you determine whether or not you could use an agent’s help.

  • Where can I get insurance after a DUI in my state?
  • Do I need PIP coverage since I have good health insurance?
  • Do I need motorclub coverage?
  • Why am I required to buy high-risk coverage?
  • Who is covered by my policy?
  • Should I sign the liability waiver when renting a car?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of insurance companies in your area.

Car insurance coverages for a Jaguar XK-Series

Having a good grasp of insurance helps when choosing the right coverages for your vehicles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Listed below are typical coverages available from insurance companies.

Comprehensive coverage – This will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like falling objects, damage from a tornado or hurricane and fire damage. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as damage to your Jaguar XK-Series.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally these coverages are set the same as your liablity limits.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP provide coverage for expenses for things like surgery, dental work, ambulance fees and rehabilitation expenses. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Liability auto insurance – Liability insurance can cover injuries or damage you cause to people or other property by causing an accident. It protects YOU from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 50/100/50 that translate to a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims like medical services, pain and suffering and repair costs for stationary objects. How much coverage you buy is a personal decision, but buy as high a limit as you can afford.

Collision – Collision insurance will pay to fix damage to your XK-Series caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as crashing into a ditch, damaging your car on a curb and hitting a mailbox. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to increase the deductible to bring the cost down.

One last thing

When you buy car insurance online, make sure you don’t buy lower coverage limits just to save a few bucks. There are too many instances where an accident victim reduced uninsured motorist or liability limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The aim is to buy enough coverage at an affordable rate while still protecting your assets.

We’ve covered a lot of information how to save on 2003 Jaguar XK-Series insurance. The most important thing to understand is the more price quotes you have, the higher the chance of saving money. You may be surprised to find that the best premium rates are with a smaller regional carrier. Some small companies can often provide lower prices in certain areas compared to the large companies like Geico and State Farm.

Additional insurance information is located below: