Lower Your 2018 Jaguar XE Insurance Rates

Looking for cheaper car insurance rates for your Jaguar XE? No sane person fancies paying their premiums for car insurance, especially when the prices are way too high. Because you have many car insurance companies to choose from, it can be challenging to pick a more affordable insurer.

Auto insurance policy discounts you can’t miss

Companies offering auto insurance don’t list all possible discounts very clearly, so the next list breaks down a few of the more common as well as the least known credits that you can use to lower your rates.

  • Discounts for New Vehicles – Insuring a vehicle that is new can save you some money because newer models have to meet stringent safety requirements.
  • E-sign Discounts – Some of the larger companies give back up to $50 just for signing your application over the internet.
  • Air Bag Discount – Factory air bags or automatic seat belts can qualify for discounts of up to 25% or more.
  • Drive Less and Save – Driving fewer miles could be rewarded with slightly better rates than normal.
  • Discount for Good Grades – Performing well in school can earn a discount of 20% or more. You can use this discount normally well after school through age 25.
  • Clubs and Organizations – Being a member of certain professional organizations is a good way to get lower rates on your policy.
  • Discounts for Cautious Drivers – Accident-free drivers can get discounts for up to 45% lower rates for XE coverage than drivers with accidents.
  • Telematics Data – Policyholders that allow driving data submission to spy on driving habits by using a small device installed in their vehicle like In-Drive from State Farm and Progressive’s Snapshot could see a rate decrease if they have good driving habits.
  • Homeowners Discount – Owning a house can save a few bucks because maintaining a house demonstrates responsibility.
  • Federal Government Employee – Active or retired federal employment can save as much as 8% for XE coverage with a few auto insurance companies.

Discounts lower rates, but most credits do not apply to your bottom line cost. Most only apply to specific coverage prices like medical payments or collision. If you do the math and it seems like you could get a free auto insurance policy, auto insurance companies aren’t that generous.

Larger auto insurance companies and their offered discounts include:

  • State Farm offers discounts including Steer Clear safe driver discount, good student, passive restraint, accident-free, good driver, safe vehicle, and multiple policy.
  • Geico offers premium reductions for seat belt use, air bags, five-year accident-free, multi-vehicle, defensive driver, anti-theft, and daytime running lights.
  • Allstate has discounts for senior citizen, safe driver, 55 and retired, FullPay discount, anti-theft, new car, and defensive driver.
  • SAFECO may offer discounts for homeowner, bundle discounts, accident prevention training, drive less, teen safe driver, anti-lock brakes, and multi-car.
  • Farm Bureau policyholders can earn discounts including driver training, renewal discount, multi-vehicle, multi-policy, good student, and 55 and retired.
  • Progressive offers discounts for online signing, homeowner, multi-vehicle, continuous coverage, online quote discount, good student, and multi-policy.
  • AAA includes discounts for good student, AAA membership discount, education and occupation, anti-theft, good driver, and multi-car.

Before buying, ask every insurance company how many discounts you can get. Discounts might not be offered on policies everywhere. For a list of insurance companies who offer online auto insurance quotes, follow this link.

Insurance agents can help

When choosing the right insurance coverage for your vehicles, there really is no one size fits all plan. Everyone’s situation is unique and your policy should reflect that. These are some specific questions might help in determining whether or not you will benefit from professional help.

  • Is my cargo covered for damage or theft?
  • Why am I required to get a high-risk car insurance policy?
  • Do I have newly-aquired coverage?
  • Do I need replacement cost coverage?
  • Should I have a commercial auto policy?
  • How much liability coverage do I need in my state?
  • Can I rate high risk drivers on liability-only vehicles?
  • Why do I only qualify for high-risk insurance?
  • Why is insurance for a teen driver so high?
  • I have health insurance so do I need medical payments coverage?

If you’re not sure about those questions, you may need to chat with a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and you can get the answers you need.

Insurance coverage myths debunked

Consumers can’t get away from ads for cheaper insurance coverage from companies such as State Farm, Allstate and Geico. All the ads say the same thing about saving some big amount if you just switch your policy.

How does each company offer you a better deal? It’s all in the words they use.

Insurance companies have strict underwriting profiles for the type of driver that makes them money. For instance, this type of driver should be between 30 and 50, has no driving citations, and drives less than 7,500 miles a year. A customer getting a price quote that hits that “sweet spot” will probably get the lowest prices and as a result will probably save quite a bit of money when switching.

Drivers who don’t meet this stringent profile may be required to pay higher premium rates and this results in business not being written. If you pay close attention to the ads, they say “people who switch” not “everybody who quotes” can save as much as they claim. This is how insurance companies can confidently advertise the way they do.

This illustrates why you really should get car insurance quotes as often as possible. Because without a comparison, you cannot know which insurance companies will have better car insurance rates than you’re paying now.

Car insurance coverages explained

Learning about specific coverages of your car insurance policy helps when choosing the best coverages and the correct deductibles and limits. Car insurance terms can be confusing and nobody wants to actually read their policy. Below you’ll find typical coverages available from car insurance companies.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses such as nursing services, dental work and chiropractic care. They are used in conjunction with a health insurance program or if you do not have health coverage. They cover both the driver and occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Collision – This coverage will pay to fix damage to your XE from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against claims like colliding with a tree, colliding with another moving vehicle and driving through your garage door. This coverage can be expensive, so you might think about dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Liability car insurance – This coverage protects you from injuries or damage you cause to people or other property that is your fault. It protects you against other people’s claims. Liability doesn’t cover 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 50/100/50 which means a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Alternatively, you may have a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability can pay for claims like emergency aid, medical expenses, structural damage and court costs. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and damage to your Jaguar XE.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked. Normally these limits are identical to your policy’s liability coverage.

Comprehensive coverage – This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for things like hail damage, a tree branch falling on your vehicle, rock chips in glass and falling objects. The most you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

A penny earned…

We just presented a lot of ways to shop for 2018 Jaguar XE insurance online. The most important thing to understand is the more providers you compare, the higher your chance of finding cheap car insurance. You may be surprised to find that the best price on car insurance is with the smaller companies. Some small companies may have significantly lower auto insurance rates on certain market segments as compared to the big name companies such as Geico and State Farm.

When you buy car insurance online, it’s a bad idea to reduce needed coverages to save money. In many instances, an insured dropped full coverage and discovered at claim time that the savings was not a smart move. The ultimate goal is to buy enough coverage at the best cost, but do not skimp to save money.

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