View 2002 Jaguar XJ-Series Car Insurance Rates

Looking for lower car insurance rates for your Jaguar XJ-Series? Did you fall for a flashy sales pitch and buy overpriced car insurance? Believe me, you are not the only one feeling buyer’s remorse.

Since consumers have many different company options, it’s nearly impossible to locate the most affordable insurance company.

Some factors that can determine what Jaguar XJ-Series insurance costs

It’s important that you understand the rating factors that come into play when calculating your auto insurance rates. Knowing what impacts premium levels enables informed choices that could result in much lower annual insurance costs.

The list below includes some of the factors auto insurance companies consider when setting premiums.

  • Where you reside plays a part – Being located in a small town has it’s advantages when talking about auto insurance. Less people living in that area means fewer accidents and also fewer theft and vandalism claims. Drivers who live in large cities have congested traffic and much longer commute distances. More time commuting means more change of being in an accident.
  • Higher deductibles cost less – Physical damage insurance, also known as collision and other-than-collision, is used to repair damage to your Jaguar. A few examples of covered claims are running into the backend of another car, damage from fire, and burglary. The deductibles are how much you are willing to pay out-of-pocket before a claim is paid by your company. The more expense you have to pay, the lower your rates will be on XJ-Series coverage.
  • Liability coverage is cheap – Liability coverage is the protection in the event that a jury decides you are liable for damages caused by your negligence. It will provide legal defense coverage starting from day one. Liability is cheap when compared with rates for comp and collision, so drivers should carry high limits.
  • High credit ratings translate to low rates – Having a bad credit history is a big factor in determining what you pay for auto insurance. If your credit is not that good, you could potentially save money when insuring your 2002 Jaguar XJ-Series by spending a little time repairing your credit. Drivers with good credit tend to file fewer claims and have better driving records as compared to drivers with lower credit scores.
  • Do you work long hours in a high stress job? – Did you know that where you work can have an impact on rates? Careers like lawyers, executives and accountants tend to have higher rates than average attributed to job stress and lengthy work days. On the flip side, professions such as scientists, athletes and homemakers receive lower rates on XJ-Series coverage.
  • Policy add-ons can waste money – There are quite a few additional coverages you can purchase if you aren’t careful. Things like personal injury protection, better glass coverage and membership fees may be wasting your money. These may sound like a good investment initially, but your needs may have changed so remove them from your policy.
  • Being married is a good thing – Getting married can actually save you money when buying auto insurance. Having a spouse means you’re more mature and it’s proven that being married results in fewer claims.

Don’t pay full price with these discounts

Auto insurance companies do not advertise every available discount very clearly, so we researched some of the best known as well as the least known ways to save on insurance coverage.

  • Anti-lock Brakes – Anti-lock brake equipped vehicles are safer to drive and therefore earn up to a 10% discount.
  • Good Student – Performing well in school can save 20 to 25%. Earning this discount can benefit you up to age 25.
  • Low Mileage Discounts – Driving fewer miles can qualify you for a substantially lower rate.
  • New Vehicle Savings – Putting insurance coverage on a new car is cheaper compared to insuring an older model.
  • Own a Home – Simply owning a home can save you money because owning a home demonstrates responsibility.
  • Memberships – Participating in a professional or civic organization could qualify you for a break when buying insurance coverage on XJ-Series coverage.
  • Payment Discounts – If paying your policy premium upfront instead of monthly or quarterly installments you can actually save on your bill.

A little note about advertised discounts, some credits don’t apply to all coverage premiums. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Just because you may think having all the discounts means you get insurance for free, insurance coverage companies aren’t that generous.

For a list of insurers who offer insurance coverage discounts, click here.

Your personal situation dictates your coverage

When it comes to choosing proper insurance coverage for your personal vehicles, there really is not a perfect coverage plan. Every insured’s situation is different so this has to be addressed. For example, these questions might point out whether your personal situation would benefit from professional advice.

  • Am I insured when driving a different vehicle?
  • Does my personal policy cover me when driving out-of-state?
  • Am I covered when using my vehicle for business?
  • Do I need motorclub coverage?
  • Can I afford low physical damage deductibles?
  • Do I pay less if my vehicle is kept in my garage?
  • Does my car insurance cover rental cars?
  • Should I drop comprehensive coverage on older vehicles?

If you’re not sure about those questions then you might want to talk to a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier

Coverages available on your auto insurance policy

Knowing the specifics of a auto insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Listed below are typical coverages found on most auto insurance policies.

Collision insurance

This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things like hitting a mailbox, damaging your car on a curb and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Another option is to increase the deductible to save money on collision insurance.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as vandalism, hitting a deer, theft and hail damage. The highest 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.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for things like X-ray expenses, surgery, nursing services, funeral costs and EMT expenses. They can be used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Medical payments and PIP cover you and your occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not universally available and may carry a deductible

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Jaguar XJ-Series.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Liability

Liability coverage will cover injuries or damage you cause to people or other property. It protects YOU from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

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

Liability insurance covers claims such as funeral expenses, emergency aid, legal defense fees, loss of income and pain and suffering. How much liability coverage do you need? That is your choice, but consider buying higher limits if possible.

Don’t break the bank

In this article, we covered a lot of ways to compare 2002 Jaguar XJ-Series insurance prices online. The key concept to understand is the more quotes you get, the better likelihood of reducing your rate. You may even find the lowest rates come from some of the lesser-known companies. Some small companies may have significantly lower rates on certain market segments as compared to the big name companies such as State Farm or Progressive.

While you’re price shopping online, never buy less coverage just to save a little money. In many cases, an insured dropped collision coverage only to regret at claim time that it was a big error on their part. The ultimate goal is to purchase a proper amount of coverage at the best price while still protecting your assets.

Affordable insurance can be sourced online as well as from independent agents, and you need to comparison shop both to get a complete price analysis. Some companies don’t offer you the ability to get quotes online and many times these small, regional companies only sell through independent insurance agents.

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