If saving money is your primary concern, then the best way to find affordable quotes for Jaguar XJ insurance in Louisville is to compare quotes annually from insurance carriers that insure vehicles in Kentucky. You can shop around by following these steps.
- Try to comprehend individual coverages and the things you can control to prevent expensive coverage. Many things that cause rate increases such as distracted driving and a poor credit score can be eliminated by making minor changes to your lifestyle. Later in this article we will cover information to get affordable coverage and find overlooked discounts.
- Compare prices from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like GEICO or Allstate, while independent agents can give you price quotes for a wide range of insurance providers.
- Compare the new rates to the price on your current policy and see if you can save money. If you find a lower rate and switch companies, ensure coverage does not lapse between policies.
A valuable tip to remember is to try to use the same coverage limits and deductibles on every price quote and and to analyze as many car insurance companies as possible. Doing this enables a fair rate comparison and the most accurate and complete price analysis.
It’s an obvious statement that insurance companies don’t want customers comparing rates. Drivers who shop around once a year are likely to switch auto insurance companies because they have a good chance of finding a more affordable policy. A recent study showed that people who compared price quotes annually saved $850 each year compared to people who didn’t regularly shop around.
If finding low prices for insurance is your goal, then knowing how to quote prices and compare insurance rates can help simplify the task of finding more affordable coverage.
When shopping for Jaguar XJ insurance in Louisville there are multiple ways of comparing rates from many available insurance companies in Kentucky. The easiest way to compare rates consists of obtaining rate quotes online.
Getting free rate quotes online is quite simple, and it makes it a waste of time to drive around to each insurance agency near you. The fact that you can get quotes online reduces the need to sit down with an agent unless your situation requires the professional guidance of a local Louisville agent. You can, however, compare the best prices online but buy the policy through an agent.
When quoting insurance, remember that comparing more rates from different companies will increase your chances of finding better pricing.
The companies shown below are our best choices to provide quotes in Kentucky. If you want cheap car insurance in Louisville, it’s highly recommended you visit as many as you can in order to find the most competitive rates.
Insurance does more than just protect your car
Even though it’s not necessarily cheap to insure a Jaguar in Louisville, paying for insurance is mandatory in Kentucky but it also protects more than you think.
- Almost all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a minimum amount of liability coverage if you drive a vehicle. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a lien on your Jaguar, more than likely the lender will make it mandatory that you buy insurance to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the bank will be required to insure your Jaguar for a much higher rate and force you to pay a much higher amount than you were paying before.
- Insurance safeguards your car and your assets. It will also cover medical transport and hospital expenses for yourself as well as anyone injured by you. Liability insurance also pays expenses related to your legal defense if you cause an accident and are sued. If you have damage to your Jaguar as the result of the weather or an accident, your insurance policy will pay to repair the damage minus the deductible amount.
The benefits of insuring your car definitely exceed the cost, especially when you need to use it. The average driver in America is currently overpaying as much as $700 annually so you should quote your policy with other companies at least once a year to help ensure money is not being wasted.
Rates and statistics
The rate information shown below showcases different prices for Jaguar XJ models. Understanding how prices are determined can be valuable when making smart choices when comparing insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XJ SWB 4-Dr Sedan | $370 | $714 | $334 | $20 | $100 | $1,538 | $128 |
| XJ LWB 4-Dr Sedan | $402 | $788 | $334 | $20 | $100 | $1,644 | $137 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Premium costs do not factor in specific location information which can modify insurance rates substantially.
Choosing deductibles
One of the more difficult decisions when buying car insurance is the level to set your comp and collision deductibles. The figures shown below help summarize the rate difference between low and high insurance deductibles. The first rate comparisons uses a $250 deductible for physical damage and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XJ SWB 4-Dr Sedan | $382 | $728 | $326 | $20 | $98 | $1,579 | $132 |
| XJ LWB 4-Dr Sedan | $414 | $804 | $326 | $20 | $98 | $1,687 | $141 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XJ SWB 4-Dr Sedan | $310 | $588 | $326 | $20 | $98 | $1,342 | $112 |
| XJ LWB 4-Dr Sedan | $338 | $648 | $326 | $20 | $98 | $1,430 | $119 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Rate quotes do not factor in Louisville location which can raise or lower coverage prices considerably.
We can estimate from the data above that using a $250 deductible will cost you approximately $21 more each month or $252 for a full year averaged for all XJ models than choosing the higher $500 deductible. Because you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you tend to have more than 12 months between claim filings, you would most likely save money by selecting a higher deductible. Here is how you can decide this on your own policy.
| Average monthly premium for $250 deductibles: | $137 |
| Average monthly premium for $500 deductibles (subtract): | – $116 |
| Monthly savings from raising deductible: | $21 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $21 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 12 months |
The information below shows how choosing a deductible and can raise or lower Jaguar XJ premium costs for each age group. The data is based on a married male driver, full coverage, and no discounts are taken into consideration.
Full coverage versus liability only rates
The information below compares Jaguar XJ insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Kentucky. The premiums assume a clean driving record, no claims, $250 deductibles, drivers are single, and no other discounts are factored in.
When to drop full coverage
There is no definitive guideline that works best for making the decision to drop comprehensive and collision coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than 10% of the settlement you would receive from your company, then it might be time to buy liability only.
For example, let’s say your Jaguar XJ claim settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $4,000 after the policy deductible has been paid. If you are paying in excess of $400 a year to have full coverage, then it might be time to buy liability only.
There are some conditions where eliminating full coverage is not a good idea. If you still owe a portion of the original loan, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should maintain full coverage.
Lower rate quotes by earning discounts
Car insurance companies don’t always advertise all available discounts very well, so the next list breaks down a few of the more well known and the more hidden credits that may apply to you. If you check and find you aren’t receiving every discount possible, you’re paying more than you need to.
- Full Payment Discount – If you pay your entire premium ahead of time as opposed to paying monthly you could save 5% or more.
- Bundled Policy Discount – When you have multiple policies and place coverage with the same company you could get a discount of 10% to 20% off each policy.
- Life Insurance – Select companies reward you with a break if you buy life insurance from them.
- Distant Student – Kids who live away from home at college and do not have a car can be insured at a reduced rate.
- Anti-lock Brake System – Cars and trucks with ABS and/or traction control can reduce accidents so you can save 10 percent or more.
- Accident Free – Louisville drivers who stay claim-free can save substantially when compared to frequent claim filers.
- Student Discounts – Being a good student can earn a discount of 20% or more. Most companies allow this discount well after school through age 25.
- Paper-free Discount – Some companies provide a small discount for signing up digitally online.
- Telematics Data Discounts – People who choose to allow driving data collection to analyze driving manner remotely like Allstate’s Drivewise may see discounts as long as the data is positive.
- Student Driver Training – Teen drivers should take driver’s ed class as it can save substantially.
As a footnote on discounts, most of the big mark downs will not be given to your bottom line cost. Most cut the cost of specific coverages such as collision or personal injury protection. So when it seems like it’s possible to get free car insurance, it doesn’t quite work that way. Any amount of discount should help lower the cost of coverage.
The example below shows the difference between Jaguar XJ insurance premiums with and without discounts applied. The rates are based on a female driver, a clean driving record, no at-fault accidents, Kentucky state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, homeowner, claim-free, marriage, and multi-policy discounts applied.
Car insurance companies that may offer policyholders many of the previously listed discounts include:
Before purchasing a policy, check with each company or agent which discounts you may be entitled to. Discounts might not be offered everywhere. If you would like to view companies that can offer you the previously mentioned discounts in Kentucky, click here.
When should I have guidance from an insurance agency?
Many drivers would prefer to buy from a local agent and that is not a bad decision One of the best bonuses of comparing rate quotes online is that you can obtain the lowest rates and still choose a local agent. Buying insurance from local agencies is important particularly in Louisville.
After filling out this short form, the coverage information is transmitted to local insurance agents in Louisville who want to provide quotes and help you find cheaper coverage. You never need to find an agent as quotes are delivered straight to your inbox. You’ll get the best rates and a licensed agent to work with. If you want to compare rates from a specific insurance company, don’t hesitate to navigate to their website and fill out the quote form the provide.
Selecting an insurer requires more thought than just a low price. Ask your prospective agent these questions:
- What is their Better Business Bureau rating?
- Do they carry Errors and Omissions coverage?
- How many years of experience in personal auto insurance do they have?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- Will the agent help in case of a claim?
Cheap coverage is out there
Affordable Jaguar XJ insurance in Louisville is possible online in addition to many Louisville insurance agents, so you need to shop Louisville car insurance with both to have the best rate selection. Some car insurance companies do not provide internet price quotes and many times these small, regional companies prefer to sell through independent insurance agencies.
As you go through the steps to switch your coverage, you should never skimp on critical coverages to save a buck or two. There are a lot of situations where an insured cut full coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your aim should be to buy a smart amount of coverage at a price you can afford and still be able to protect your assets.
More tips and info about car insurance can be read in these articles:
- How Much Auto Coverage do I Need? (Insurance Information Institute)
- Who Has Cheap Louisville Auto Insurance for Drivers with Bad Credit? (FAQ)
- How Much are Auto Insurance Rates for a Company Car in Louisville? (FAQ)
- What Auto Insurance is Cheapest in Louisville, Kentucky? (FAQ)
- Who Has Cheap Auto Insurance for a Nissan Altima in Louisville? (FAQ)
- What Insurance is Cheapest for a Toyota Highlander in Louisville? (FAQ)
- What is Full Coverage? (Allstate)
- Liability Insurance Coverage (Nationwide)