2008 Jaguar XK-Series Insurance Rates

Searching for cheaper insurance coverage rates for your Jaguar XK-Series? No car owner gets a kick out of paying for insurance coverage, particularly when the cost is way too high.

Companies like Allstate, Progressive and GEICO all claim big savings, bombarding you with advertising and it is difficult to ignore the flashy ads and take the time to shop coverage around.

It’s a great practice to do price comparisons as often as possible since prices are constantly changing. Just because you found the lowest price for XK-Series coverage six months ago a different company probably has better rate quotes today. Forget anything you know (or think you know) about insurance coverage because I’m going to let you in on the secrets to one of the quickest ways to buy cheaper insurance coverage.

If you currently have car insurance, you stand a good chance to be able to lower your premiums substantially using these techniques. Choosing the best insurance company for you is easy if you know what you’re doing. Nevertheless, consumers can benefit from knowing the way companies price insurance differently.

Double check you’re getting these discounts

Some providers don’t list all their discounts in an easy-to-find place, so the list below details some of the best known in addition to some of the lesser obvious credits available to bring down your rates.

  • Student Discounts – Getting good grades may save you up to 25%. You can use this discount normally up until you turn 25.
  • Student Driver Training – Cut your cost by having your teen driver enroll and complete driver’s education if it’s offered in school.
  • Passive Restraint Discount – Vehicles equipped with air bags or automatic seat belts may qualify for discounts of 25 to 30%.
  • College Student Discount – Youth drivers who live away from home at college and do not take a car to college could qualify for this discount.
  • Anti-theft Discount – Anti-theft and alarm system equipped vehicles are stolen less frequently and can earn a small discount on your policy.
  • Paper-free Discount – A handful of larger companies give back up to $50 for completing your application on their website.
  • Anti-lock Brakes – Cars, trucks, and SUVs with anti-lock braking systems are safer to drive and will save you 10% or more.
  • Good Driver Discount – Drivers without accidents may save up to 50% more for XK-Series coverage than their less cautious counterparts.

While discounts sound great, it’s important to understand that most discounts do not apply the the whole policy. Some only apply to specific coverage prices like medical payments or collision. So even though they make it sound like having all the discounts means you get insurance for free, companies don’t profit that way.

To find companies with the best insurance coverage discounts, click here to view.

Auto insurance quotes comparison

Performing a rate comparison is a ton of work if you aren’t aware of the most efficient way. You could waste time talking about coverages with insurance companies in your area, or you could save time and use online quotes to get the quickest rates.

Many insurance companies take part in a program where prospective buyers enter their policy data once, and each company provides a quote based on the submitted data. This saves time by eliminating quote forms for each company.

To find out how much you’re overpaying now click here (opens in new window).

The single downside to pricing coverage this way is you don’t know exactly which providers you will receive quotes from. If you would rather choose from a list of companies to request quotes from, we put together a list of low cost auto insurance companies in your area. Click here for list of insurance companies.

It’s up to you which method you use, but try to use equivalent deductibles and coverage limits with every price quote. If you have different deductibles it will be impossible to determine the lowest rate for your Jaguar XK-Series. Just slight variations in insurance coverages can mean a large discrepancy in price. And when comparing auto insurance rates, know that getting more free quotes will increase your chances of finding more affordable insurance.

How car insurance companies calculate Jaguar XK-Series insurance prices

Many things are considered when quoting car insurance. Some factors are common sense like a motor vehicle report, but others are not quite as obvious like where you live or your vehicle rating.

Shown below are some of the factors utilized by car insurance companies to help set your rates.

  • Your address can impact costs – Living in less populated areas of the country can save you money if you are looking for the lowest rates. Fewer drivers and short commutes translates into fewer accidents and lower theft and vandalism rates. Drivers who live in large cities have traffic congestion and more severe claims. Higher commute times means a statistically higher chance of an accident.
  • Having a spouse can lower costs – Getting married may earn you lower rates on your policy. Having a significant other generally demonstrates drivers are more mature and statistics prove married couples file fewer claims.
  • Guys pay higher premiums – Over the last 30 years, statistics show women are more cautious behind the wheel. That doesn’t necessarily mean that females are better drivers. Females and males are responsible for fender benders at a similar rate, but the male of the species have accidents that have higher claims. They also have more aggressive citations like DUI and reckless driving.
  • Certain jobs pay higher insurance rates – Jobs like doctorsair traffic controllers and medical professionals are shown to have higher rates than the rest of us attributed to high stress and lots of time spent at work. Conversely, careers like actors, athletes and homemakers pay lower than average rates for XK-Series coverage.
  • Never let your coverage expire – Letting your insurance expire will be a fast way to bump up your insurance costs. In addition to paying higher rates, failure to provide proof of insurance may result in a revoked license or a big fine. You may then have to file a SR-22 with your state motor vehicle department to get your license reinstated.
  • Liability coverage is cheap – Liability coverage is the protection if ever a court rules you are at fault for causing damage or personal injury in an accident. It provides legal defense coverage which can cost a lot. Liability insurance is quite affordable when compared with rates for comp and collision, so drivers should make sure they buy enough to cover all assets.
  • Proper usage rating affects prices – The higher the mileage driven every year the more you’ll pay to insure your vehicle. Most companies apply a rate based upon how the vehicle is primarily used. Cars that sit idle most of the time receive lower rates than those used for commuting. Verify your insurance coverage properly reflects the proper vehicle usage. Having an incorrect usage rating on your XK-Series is throwing money out the window.
  • Driver age impacts costs – Youthful drivers tend to be inattentive and easily distracted behind the wheel so insurance rates are higher. Older, more experienced drivers are shown to be more cautious, file fewer claims , and are generally more financially stable.

Special considerations

When it comes to choosing the right insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Everyone’s needs are different and your policy should reflect that. For example, these questions might point out whether you would benefit from an agent’s advice.

  • What should my uninsured motorist coverage limits be in my state?
  • When can I cancel my policy?
  • Should I sign the liability waiver when renting a car?
  • Should I get collision insurance on every vehicle?
  • What exactly is covered by my policy?
  • Is my dog or cat covered if injured in an accident?
  • Is pleasure use cheaper than using my 2008 Jaguar XK-Series to commute?

If you’re not sure about those questions but a few of them apply, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area.

Coverages available on your policy

Knowing the specifics of your car insurance policy helps when choosing the best coverages and the correct deductibles and limits. Policy terminology can be confusing and coverage can change by endorsement. Listed below are typical coverages available from car insurance companies.

Comprehensive coverages – Comprehensive insurance will pay to fix damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things like damage from a tornado or hurricane, vandalism and damage from flooding. The highest amount you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision – This covers damage to your XK-Series from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as crashing into a building, damaging your car on a curb, backing into a parked car, colliding with a tree and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. You can also increase the deductible to save money on collision insurance.

Auto liability – Liability insurance protects you from injuries or damage you cause to people or other property. It protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for claims such as attorney fees, structural damage, pain and suffering, funeral expenses and medical services. The amount of liability coverage you purchase is up to you, but consider buying as high a limit as you can afford.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage kick in for bills for ambulance fees, funeral costs, prosthetic devices, EMT expenses and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. It covers not only the driver but also the 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 but can be used in place of medical payments coverage

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and damage to your Jaguar XK-Series.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently the UM/UIM limits are set the same as your liablity limits.

Online plus local equals savings

You just learned some good ideas how you can save on 2008 Jaguar XK-Series insurance. The most important thing to understand is the more times you quote, the higher the chance of saving money. Consumers may even find the lowest prices come from a lesser-known regional company. These smaller insurers can often provide lower rates in certain areas than their larger competitors like State Farm, GEICO and Nationwide.

When searching for cheaper insurance quotes, you should never skimp on coverage in order to save money. There are too many instances where an insured cut physical damage coverage only to find out that their decision to reduce coverage ended up costing them more. Your strategy should be to buy the best coverage you can find at an affordable rate and still be able to protect your assets.

Budget-conscious 2008 Jaguar XK-Series insurance is available on the web and from local insurance agents, so you need to shop insurance with both to have the best selection. A few companies may not offer internet price quotes and many times these smaller companies only sell coverage through independent insurance agencies.

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