No car owner looks forward to buying auto insurance, especially when they are aware that they could find lower prices if they just compared rates. Companies like Allstate and Progressive all promote huge savings with fancy advertisements and it is challenging if not impossible to ignore the propoganda and effectively compare rates to find the best deal.
Save with these rate-reducing discounts
Car insurance is not cheap, but you might be missing out on some discounts that can help lower your rates. Certain reductions will be credited at quote time, but some may not be applied and must be requested specifically before they will apply.
- No Claim Discounts – Claim-free drivers pay less when compared to frequent claim filers.
- Homeowners Discount – Owning a home can earn you a little savings due to the fact that maintaining a home is proof of financial responsibility.
- Save with a New Car – Insuring a vehicle that is new may earn a small discount because newer vehicles are generally safer.
- Discount for Swiching Early – A few companies offer discounts for switching companies prior to your current policy expiration. You could save around 10% when you .
- College Student Discount – College-age children living away from home attending college and do not take a car to college may qualify for this discount.
- Discount for Passive Restraints – Vehicles equipped with air bags could see savings of up to 25% or more.
- Discount for Good Grades – Performing well in school can be rewarded with saving of up to 25%. The discount lasts until age 25.
- Discounts for Multiple Vehicles – Buying coverage for more than one vehicle on the same auto insurance policy can get a discount on all vehicles.
- Drive Less and Save – Maintaining low annual mileage can earn cheaper prices.
Don’t be surprised that most of the big mark downs will not be given to all coverage premiums. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. Even though the math looks like you could get a free auto insurance policy, you’re out of luck. Any qualifying discounts will definitely lower your overall premium however.
Large auto insurance companies and their possible discounts are shown below.
- State Farm offers premium reductions for accident-free, multiple policy, student away at school, multiple autos, good student, good driver, and Drive Safe & Save.
- Esurance may include discounts for claim free, renters, good student, Pac-12 alumni, multi-policy, and Switch & Save.
- Progressive has discounts for continuous coverage, multi-vehicle, homeowner, multi-policy, and good student.
- Liberty Mutual offers discounts including new vehicle discount, newly retired, new move discount, good student, and new graduate.
- Auto-Owners Insurance includes discounts for anti-theft, mature driver, company car, teen driver, good student, multi-policy, and safe driver.
- GEICO has savings for seat belt use, good student, emergency military deployment, federal employee, multi-vehicle, membership and employees, and driver training.
If you want , ask each company or agent how many discounts you can get. A few discounts might not be available to policyholders in your area. If you would like to view insurers with discount rates, click here.
Cut Insurance Costs with These Tips
Lots of factors are part of the equation when premium rates are determined. A few of the factors are predictable like a motor vehicle report, but some are more transparent like where you live or your vehicle rating. A large part of saving on auto insurance is knowing the rating factors that help calculate the rates you pay for auto insurance. If you have a feel for what determines premiums, this enables you to make decisions that could help you find lower auto insurance prices.
The following are just a few of the factors auto insurance companies consider when setting your prices.
- Rates can drop if you have more than one policy – Lots of insurers allow better rates to policyholders who buy several policies from them in the form of a multi-policy discount. If you currently are using one company, it’s still a good idea to comparison shop to help ensure you have the lowest rates. You may still save even more than the discount by buying insurance from more than one company.
- Higher auto insurance rates for auto insurance lapses – Allowing your auto insurance policy to lapse will be a quick way to increase your auto insurance rates. Not only will you pay more, the inability to provide proof of insurance may result in a fine, jail time, or a revoked license. You may have to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department to get your license reinstated.
- Fast cars cost more to insure – The performance level of the car you drive makes a huge difference in your car insurance bill. Since the Jeep Wagoneer falls in the standard SUV class, insurance will be slighty more compared to average rates. Smaller low performance passenger vehicles generally have the cheapest insurance rates, but your final cost has many other factors.
- Physical damage deductibles – The deductibles define how much you are willing to pay out-of-pocket if a claim is determined to be covered. Physical damage protection, aka comp and collision, covers damage that occurs to your car. Some examples of claims that would be covered would be a windshield broken by a bird, damage from fire, and damage caused by road hazards. The more money the insured is willing to pay, the lower your rates will be for Wagoneer insurance.
- Rates can change based on your address – Residing in small towns and rural areas is a positive aspect when trying to find low car insurance rates. Drivers in populated areas have more auto accidents and a longer drive to work. Lower population means less chance of accidents in addition to lower liability claims
- Keep the miles off and save – The more miles you rack up on your Jeep each year the more you’ll pay to insure your vehicle. The majority of insurers charge to insure your cars based on how the vehicle is used. Cars and trucks that have low annual miles cost less to insure compared to those used for work or business. An incorrectly rated Wagoneer may be costing you higher rates. It’s a smart idea to ensure your auto insurance policy reflects the correct usage, because improper ratings can cost you money.
Do I need special coverages?
When choosing proper insurance coverage, there really is no best way to insure your cars. Everyone’s needs are different and a cookie cutter policy won’t apply. For instance, these questions might help in determining whether or not you may require specific advice.
- Am I covered if I drive in a foreign country?
- Do I have coverage if my license is suspended?
- What vehicles should carry emergency assistance coverage?
- Do I get a pro-rated refund if I cancel my policy early?
- Am I covered when delivering products for my home-based business?
- What if I total my Jeep Wagoneer and owe more than it’s worth?
- Will I lose any money if I cancel my policy before it expires?
If you don’t know the answers to these questions, you may need to chat with an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.
Save $457 a year? Really?
Popular auto insurance providers such as Progressive, Allstate and GEICO regularly use ads in print and on television. All the ads make the point that people will save if you move your coverage to them. Is it even possible that every company can offer you a better deal?
All the different companies have an ideal profile for the type of driver that makes them money. An example of a profitable risk profile could be a married female, has a clear driving record, and has great credit. A customer getting a price quote who meets those qualifications will most likely get cheap rates and will probably save if they switch.
Drivers who do not meet these standards may receive more expensive rates with the end result being the customer buying from someone else. If you listen to the ad wording, they say “customers that switch” not “all people who quote” can save as much as they claim. This is how companies can advertise the savings.
This really illustrates why drivers should compare many company’s rates. Because without a comparison, you cannot know the company that will have better prices than you’re paying now.
Persistent drivers can save
When shopping online for auto insurance, never reduce needed coverages to save money. Too many times, drivers have reduced full coverage to discover at claim time that their decision to reduce coverage ended up costing them more. The aim is to find the BEST coverage at an affordable rate.
You just learned some good ideas how you can reduce Jeep Wagoneer insurance car insurance rates online. The key concept to understand is the more you , the more likely it is that you will get a better rate. You may even discover the lowest priced auto insurance comes from the smaller companies. These companies may often insure only within specific states and give getter rates compared to the large companies like Allstate, GEICO and Progressive.
