Are you a victim of high-priced auto insurance? Trust us when we tell you there are many consumers feeling the pinch from expensive auto insurance.
Insurance companies such as State Farm, Progressive and GEICO constantly blast consumers with TV and radio ads and consumers find it hard to ignore the promise of big savings and take the time to shop coverage around.
It’s important to check auto insurance prices once or twice a year since insurance rates change regularly. If you had the best deal for XJS coverage two years ago there is a good chance you can find better rates now. There is too much inaccurate information about auto insurance on the web, but I’m going to show you some solid techniques on how to buy auto insurance cheaper.
Policy discounts you shouldn’t miss
The price of auto insurance can be rather high, but you may find discounts to cut the cost considerably. Certain discounts will be applied when you quote, but some must be requested specifically in order for you to get them.
- No Charge for an Accident – Certain companies will forgive one accident without raising rates if you are claim-free for a certain period of time.
- New Vehicle Savings – Buying coverage on a new vehicle is cheaper compared to insuring an older model.
- 55 and Retired – Older drivers may be able to get a small decrease in premiums for XJS coverage.
- Passive Restraints – Factory air bags or motorized seat belts can get savings of 20% or more.
- Military Rewards – Having a deployed family member may qualify for rate reductions.
- Multiple Policy Discount – When you have multiple policies with one company you will save 10% to 20% off each policy.
- No Claims – Drivers with accident-free driving histories pay less when compared to bad drivers.
It’s important to understand that most discounts do not apply to all coverage premiums. Most only reduce the price of certain insurance coverages like collision or personal injury protection. Even though it may seem like adding up those discounts means a free policy, you’re out of luck. Any amount of discount will bring down your overall premium however.
To see a list of providers who offer auto insurance discounts, click here to view.
Situations that might require an agent
When it comes to buying proper insurance coverage for your personal vehicles, there is no “best” method to buy coverage. Your needs are not the same as everyone else’s so this has to be addressed. For example, these questions can aid in determining whether your personal situation may require specific advice.
- Do I need to file an SR-22 for a DUI in my state?
- What happens if I owe more than my Jaguar XJS is worth?
- Do I really need UM/UIM coverage?
- Do I get a pro-rated refund if I cancel my policy early?
- Do I have coverage if my license is suspended?
- Should I sign the liability waiver when renting a car?
- Do I qualify for additional discounts?
- Is my business laptop covered if it gets stolen from my vehicle?
If it’s difficult to answer those questions, you may need to chat with a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier
What happened to insurance agents?
Certain consumers would rather visit with an insurance agent and there is nothing wrong with that. The biggest benefit of comparing rates online is the fact that you can find lower rates and still have an agent to talk to. And supporting local agencies is especially important if you live in a smaller city or town.
By using this simple form, your coverage information is emailed to insurance agents who will return price quotes for your insurance coverage. There is no need to visit any agencies since price quotes are sent to your email. It doesn’t get any easier! You can find the lowest rates AND a local agent.
Two types of auto insurance agents
When finding a reputable insurance agent or broker, there are two different agency structures that you can select. Agents are either captive or independent (non-captive).
Independent Agencies or Brokers
Independent agencies are not required to write business for one company so they can insure your vehicles with many different companies and possibly get better coverage at lower prices. To transfer your coverage to a different company, they simply move the coverage in-house and you don’t have to find a new agent. When shopping rates, it’s a good idea to get quotes from at a minimum one independent agency for the best price selection.
Captive Insurance Agents
Captive insurance agents write business for a single company such as State Farm, Allstate and AAA. Captives cannot place coverage with different providers so always compare other rates. Captive agencies receive extensive training on the products they sell which helps them compete with independent agents.
For a full directory of auto insurance agents, visit this page.
Choosing an insurance agency shouldn’t rely on just the bottom line cost. Agents should be asked these questions:
- Do the coverages you’re quoting properly cover your vehicle?
- Can they give you a list of client referrals?
- Which company do they place the most coverage with?
- Do they regularly work with personal auto policies?
- If you have an accident, will your rates go up?
Upon getting acceptable answers to any questions you have in addition to an acceptable price estimate, it’s possible that you found an insurance agent that can adequately provide auto insurance.
Don’t be fooled by advertising claims
Auto insurance companies such as Allstate and Progressive constantly bombard you with ads on TV and radio. They all seem to make the same claim that you’ll save big if you switch your policy. How does each company make the same claim?
All companies can use profiling for the right customer that is profitable for them. A good example of a desirable insured could be between the ages of 40 and 55, owns a home, and has excellent credit. A driver who meets those qualifications will get the preferred rates and therefore will save quite a bit of money when switching.
Potential insureds who are not a match for the requirements will be quoted a higher premium which leads to business not being written. The ads say “drivers who switch” not “everybody who quotes” save money. That’s why companies can advertise the savings.
This emphasizes why it’s extremely important to quote coverage with many companies. It’s just too difficult to predict which company will provide you with the cheapest rates.
Best coverage at the best price
You just learned many tips how you can reduce Jaguar XJS insurance prices online. The most important thing to understand is the more companies you get rates for, the higher the chance of saving money. You may even find the lowest premiums are with a small local company. Regional companies may have significantly lower rates on certain market segments as compared to the big name companies such as Allstate, GEICO and Progressive.
Lower-priced Jaguar XJS insurance can be sourced from both online companies as well as from independent agents, so compare prices from both to have the best rate selection. Some companies don’t offer online price quotes and usually these regional insurance providers provide coverage only through local independent agents.
When buying insurance coverage, do not sacrifice coverage to reduce premiums. There are too many instances where an accident victim reduced collision coverage only to regret that they should have had better coverage. Your aim should be to find the BEST coverage at the best price.
