Are you a victim of overpriced car insurance? Trust us when we tell you there are many consumers feeling the pinch from expensive car insurance. Big-name insurance companies like Allstate, Liberty Mutual and State Farm promote their brand names with catchy ads and it is challenging if not impossible to ignore the propoganda and do the work needed to find the best deal.
If you are insured now or are shopping for new coverage, you can use this information to shop for the lowest rates and possibly find even better coverage. Finding affordable coverage is easy if you know what you’re doing. Vehicle owners only need to know the tricks to compare price quotes online.
Your Jeep Wrangler insurance rate is a complex equation
Smart consumers have a good feel for some of the elements that play a part in calculating the price you pay for car insurance. Knowing what impacts premium levels allows you to make educated decisions that can help you get big savings.
Shown below are a few of the “ingredients” companies use to determine your rates.
- How credit affects car insurance rates – A driver’s credit score is a important factor in your rate calculation. Consumers who have high credit ratings tend to be less risk to insure than drivers with lower credit ratings. If your credit history is low, you could potentially save money when insuring your Jeep Wrangler by repairing your credit.
- Optional equipment can affect rates – Owning a car that has an advanced theft prevention system can help lower your rates. Theft prevention devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent your vehicle from being stolen.
- Traffic violations increase rates – Good drivers receive lower rates than their less careful counterparts. Even one moving violation can increase rates by as much as thirty percent. If you have dangerous violations like DWI, reckless driving or hit and run convictions may find they need to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to prevent a license revocation.
- High deductibles save money – Physical damage coverage, also known as collision and other-than-collision, is used to repair damage to your Jeep. A few examples of covered claims are colliding with a building, vandalism, and windstorm damage. Physical damage deductibles are how much you are required to spend out-of-pocket in the event of a claim. The higher the amount you have to pay, the lower your rates will be for Wrangler insurance.
- Proper usage rating affects rates – Driving more miles every year the more you will pay for car insurance. Almost all companies apply a rate based upon how you use the vehicle. Autos that are left in the garage qualify for better rates than those used for commuting. If your policy improperly rates your Wrangler may be wasting your money. Verify your car insurance coverage shows the proper vehicle usage.
- Frequent car insurance claims increase rates – Insurance companies give better rates to policyholders who do not file claims often. If you are a frequent claim filer, you can definitely plan on either policy cancellation or increased premiums. Your insurance policy is intended to be relied upon for the large, substantial claims.
- Men are more aggressive – Statistics show that women are safer drivers than men. However, this does not mean men are worse drivers. They both have accidents in similar percentages, but the male of the species have costlier accidents. Men also tend to get cited for more serious violations such as DWI and reckless driving. Youthful male drivers are the most expensive to insure and therefore are the most expensive to insure.
Save big with these discounts
Car insurance companies don’t necessarily list every discount in a way that’s easy to find, so we took the time to find some of the best known and the more hidden savings tricks you should be using. If you aren’t receiving every discount possible, you are paying more than you should be.
- Clubs and Organizations – Being a member of a civic or occupational organization is a good way to get lower rates on your policy for Wrangler insurance.
- Discounts for Safe Drivers – Drivers who avoid accidents may receive a discount up to 45% less for Wrangler insurance than drivers with accidents.
- New Vehicle Savings – Putting insurance coverage on a new car can save up to 30% since new cars are generally safer.
- Homeowners Discount – Owning a home may earn you a small savings because of the fact that having a home requires personal responsibility.
- Accident Free – Good drivers with no accidents pay much less when compared to frequent claim filers.
- Drive Less and Save – Keeping the miles down on your Jeep could qualify for discounted rates on garaged vehicles.
- Seat Belt Usage – Requiring all passengers to buckle their seat belts can save 10% or more off your medical payments premium.
- Multi-policy Discount – When you have multiple policies with one company you may save 10% to 20% off each policy.
- Federal Employees – Simply working for the federal government may qualify you for a discount for Wrangler insurance with certain companies.
Consumers should know that many deductions do not apply to the entire policy premium. The majority will only reduce the cost of specific coverages such as comprehensive or collision. So when it seems like it’s possible to get free car insurance, you’re out of luck.
Comparing rates from local agents
Some consumers would rather buy from a licensed agent and that is just fine! Educated insurance agents can answer important questions and help file insurance claims. One of the great benefits of getting online price quotes is you can get lower rates and still have an agent to talk to.
To find an agent, once you fill out this quick form, your insurance data is instantly submitted to agents in your area who will give you bids for your coverage. You don’t have to leave your house as quotes are delivered directly to your email. Now that’s easy!
Selecting an insurance company requires more thought than just the bottom line cost. Agents should be asked these questions:
- How are claims handled?
- How are they compensated?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- Will their companies depreciate repairs to your car based on the mileage?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Does the agency provide any after hours assistance?
- What insurance companies do they work with?
Different types of auto insurance agents
When looking for a good insurance agent, you need to know there are two different agency structures from which to choose. Agents can either be independent or captive. Both types can insure your vehicles, but it’s important to know the differences since it may influence your agent selection.
Captive Insurance Agents
These agents have only one company to place business with and examples are State Farm, AAA, Farmers Insurance or Allstate. These agents are not able to place coverage with different providers so always compare other rates. These agents are usually quite knowledgeable on their company’s products which helps them compete with independent agents.
Independent Agencies or Brokers
Independent insurance agents are not required to write business for one company but rather can write business with lots of companies and possibly get better coverage at lower prices. To move your coverage to a new company, an independent agent can move your coverage and you won’t have to switch agencies. When shopping rates, it’s a good idea to contact at a minimum one independent agency to ensure the widest selection of prices.
For a full directory of agencies, visit this site.
Upon receiving positive responses to these questions and a good coverage price, chances are good that you have found a car insurance agent that meets your needs to provide car insurance coverage.
A little work can save a LOT of money
Cost effective Jeep Wrangler insurance is available online and with local insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. Some companies do not offer online price quotes and most of the time these small insurance companies sell through independent agents.
When buying insurance coverage, make sure you don’t buy lower coverage limits just to save a few bucks. There are many occasions where an insured dropped physical damage coverage and discovered at claim time that the small savings ended up costing them much more. The ultimate goal is to get the best coverage possible at an affordable rate while still protecting your assets.
