Searching for low-cost insurance for a new or used Jaguar XJ8 can turn out to be difficult, but you can use the following methods to make it easier. There is a better way to shop for car insurance so we’re going to tell you the quickest way to compare rates on a Jaguar and locate the lowest price from local insurance agents and online providers.
Comparison of Car Insurance
Cutting your car insurance rates is a fairly straight forward process. Consumers just need to spend a little time getting comparison quotes online with multiple companies. It is quite easy and can be accomplished in just a few minutes using one of these methods.
- The fastest way to find low rates is an all-inclusive rate comparison like this one (opens in new window). This type of form keeps you from doing separate quotation requests for every car insurance company. A single form will get you price quotes from many national carriers. Recommended for those who want to invest the least amount of time.
- A more difficult way to compare prices is to manually visit each company website and complete a new quote form. For instance, we’ll pretend you want comparison quotes from Allstate, Farmers and GMAC. To get each rate you have to visit each site to input your insurance information, which is why the first method is more popular.
For a list of links to companies insuring cars in your area, click here.
- The least efficient way of comparing rate quotes is to waste gas driving to local insurance agencies. The ability to buy insurance online has reduced the need for local agents unless you have a need for the professional advice of a local agent. Drivers can price shop your coverage online but buy from a local insurance agent.
It’s your choice how you get your quotes, but make sure you use identical information for each comparison quote. If your comparisons have different liability limits you will not be able to make an equal comparison.
More discounts equal less premium
Companies don’t list all their discounts very well, so here is a list both well-publicized as well as the least known savings tricks you should be using. If you don’t get every credit you qualify for, you are paying more than you should be.
- Paperless Signup – A handful of insurance companies will discount your bill up to fifty bucks for buying your policy over the internet.
- Driver’s Ed – Require your teen driver to take driver’s ed class in high school.
- Drive Safe and Save – Drivers who don’t get into accidents may receive a discount up to 45% less for XJ8 coverage than less cautious drivers.
- Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems help deter theft and earn discounts up to 10%.
- No Charge for an Accident – Some insurance companies allow you one accident before raising your premiums if your claims history is clear for a particular time prior to the accident.
- Use Seat Belts – Requiring all passengers to buckle their seat belts can save up to 15% off your PIP or medical payments premium.
- Early Switch Discount – A few companies offer discounts for buying a policy prior to your current policy expiring. It’s a savings of about 10%.
- Payment Discounts – If paying your policy premium upfront instead of monthly or quarterly installments you can actually save on your bill.
- Defensive Driver – Taking a course in driver safety can save you 5% or more depending on where you live.
Consumers should know that most discount credits are not given to all coverage premiums. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. So when the math indicates all the discounts add up to a free policy, companies wouldn’t make money that way.
For a list of insurance companies with the best car insurance discounts, click this link.
Price shop online but buy from a local agent
Certain consumers would rather sit down with an agent. Good agents can point out coverage gaps and give you someone to call. The best thing about price shopping on the web is you may find lower rates and still have an agent to talk to.
For easy comparison, once you complete this simple form, the quote information is sent to companies who will give you bids for your business. There is no reason to drive around because quoted prices will be sent directly to your email. How cool is that?!
Deciding on an provider needs to be determined by more than just the price. These questions are important to ask:
- Do they assist clients in filing claims?
- Does the agent have professional designations like CIC, CPCU or AIC?
- Is vehicle damage repaired with OEM or aftermarket parts?
- Are they full-time agents?
- How long has their agency been in business?
- Which company do they place the most coverage with?
- Are they properly licensed to sell insurance in your state?
- If your car is in the repair shop, do you have coverage for a rental car?
If you wish to view licensed agents in your state, click here.
Once you have received good answers to any questions you have and a good coverage price, you have narrowed it down to an provider that is a good match to properly service your car insurance policy.
Parts of the Jaguar XJ8 rate equation
Smart consumers have a good feel for the rating factors that help determine the price you pay for car insurance. When you know what positively or negatively impacts premium levels empowers consumers to make smart changes that may reward you with much lower annual insurance costs.
- Protect your assets with liability insurance – Liability insurance is the coverage that protects you when a court rules you are at fault for personal injury or accident damage. It provides for a legal defense starting from day one. Liability insurance is quite affordable compared to physical damage coverage, so do not skimp.
- A lapse in coverage is a bad thing – Having an insurance coverage lapse will be a quick way to trigger a rate increase. And not only will your rates increase, but not being able to provide proof of insurance might get you a hefty fine and possibly a revoked license.
- Your stress level may be raising your rates – Careers like doctors, social workers and stock brokers are shown to have the highest rates attributed to high stress and long work hours. On the other hand, jobs such as pilots, students and the unemployed pay the least for XJ8 coverage.
- Where you live can impact rates – Choosing to live in a rural area is a positive aspect when buying car insurance. Drivers who live in large cities have to deal with more traffic problems and a longer drive to work. Fewer drivers means fewer accidents as well as less vandalism and auto theft.
- Careful drivers pay lower rates – Only having one ticket can increase rates by twenty percent. Good drivers tend to pay less for car insurance than bad drivers. Drivers with serious tickets such as DWI, reckless driving or hit and run convictions are required to submit a SR-22 form with their state DMV in order to continue driving.
- Extra add-on coverages are wasting money – There are a lot of extra coverages that you can get tricked into buying on your car insurance policy. Things like roadside assistance, accidental death and additional equipment coverage may be wasting your money. They may seem like a good idea when talking to your agent, but now you might not need them so remove them from your policy.
- Higher safety ratings means cheaper insurance – Cars with high safety ratings get lower rates. Safer cars result in less severe injuries and fewer injuries translates into savings for insurance companies and more competitive rates for policyholders. If your Jaguar XJ8 has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
Beware of misleading car insurance ads
Drivers constantly see and hear ads for car insurance savings from the likes of 21st Century, Allstate and State Farm. They all seem to make an identical promise of big savings if you move your coverage to them.
How does each company say the same thing? This is how they do it.
All the different companies are able to cherry pick for the driver that earns them a profit. For example, a desirable insured could possibly be between the ages of 40 and 55, owns a home, and chooses high deductibles. A customer who matches those parameters receives the best rates and is almost guaranteed to save when they switch companies.
Consumers who don’t qualify for this ideal profile will have to pay more money which leads to the driver buying from a lower-cost company. Company advertisements say “people who switch” not “everybody who quotes” save that much money. That is how companies can truthfully make the claims of big savings. Because of the profiling, drivers must quote coverage with many companies. It’s not possible to predict which car insurance company will fit your personal profile best.
The best insurance company isn’t always the cheapest
As you restructure your insurance plan, it’s a bad idea to sacrifice coverage to reduce premiums. There are too many instances where someone sacrificed liability coverage limits and found out when filing a claim that the savings was not a smart move. Your focus should be to buy a smart amount of coverage at the best price.
People switch companies for a variety of reasons including high rates after DUI convictions, delays in paying claims, high prices and delays in responding to claim requests. No matter why you want to switch, switching car insurance companies is less work than it seems.
The cheapest Jaguar XJ8 insurance is available on the web and also from your neighborhood agents, so you should compare both to get a complete price analysis. A few companies may not provide online quoting and these regional insurance providers work with independent agents.
