It’s an obvious assumption that insurance companies don’t want you quoting rates from other companies. People who shop around for a cheaper policy will most likely switch insurance companies because there is a significant possibility of finding lower prices. A recent survey revealed that consumers who made a habit of comparing rate quotes saved over $865 annually compared to other drivers who never shopped for cheaper rates.
If finding the lowest price on auto insurance is the reason you’re here, then learning a little about the best way to quote and compare insurance premiums can save time and make the process easier.
If you want to save money, the best way to find low-cost Jaguar XJ insurance is to begin comparing prices regularly from insurers who can sell car insurance in Jacksonville. You can shop around by following these guidelines.
- Spend some time learning about what is in your policy and the things you can change to prevent rate increases. Many risk factors that cause rate increases such as high-risk driving behaviors and an unacceptable credit history can be improved by being financially responsible and driving safely. Continue reading for additional tips to find cheap rates and get additional discounts that may have been overlooked.
- Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can give quotes from one company like Progressive or Allstate, while independent agencies can provide rate quotes for a wide range of companies. View rates
- Compare the new quotes to your current policy premium and see if you can save money. If you can save money and change companies, verify that coverage does not lapse between policies.
One thing to point out is to use identical coverages on every quote request and to quote with every company you can. This guarantees an apples-to-apples comparison and a complete selection of prices.
To find the best insurance rates, there are several ways to obtain and compare prices from companies that offer insurance in Florida. The easiest way by far to find the lowest Jaguar XJ rates consists of shopping online.
Online shopping is fast and free, and it makes it a waste of time to drive around to and from local Jacksonville insurance agencies. Comparing Jaguar XJ insurance rates online eliminates this option unless you have a complicated situation and need the advice and guidance of an agent trained in personal lines coverage. Although, it is possible compare online quotes but still have the advice of a local agent. Just keep in mind that comparing a large number of companies will improve the odds of getting a better price. Some insurance companies are not set up to provide online price quotes, so you should also compare prices from them as well.
The companies shown below offer comparison quotes in Jacksonville, FL. If more than one company is shown, it’s highly recommended you get rate quotes from several of them to find the lowest car insurance rates.
Auto insurance does more than just protect your car
Even though it can be expensive, buying auto insurance may be mandatory for several reasons.
First, almost all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific minimum amounts of liability insurance in order to get the vehicle licensed. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you took out a loan on your Jaguar XJ, it’s most likely the lender will require you to carry insurance to ensure loan repayment if the vehicle is totaled. If you let the policy lapse, the bank may buy a policy for your Jaguar at an extremely high rate and force you to pay the higher price.
Third, insurance safeguards your Jaguar XJ and your assets. It will also provide coverage for medical bills for yourself as well as anyone injured by you. Liability coverage, the one required by state law, also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If damage is caused by hail or an accident, collision and comprehensive coverages will pay to repair the damage.
The benefits of buying auto insurance more than cancel out the cost, particularly if you ever have a claim. Today the average American driver is overpaying more than $865 each year so you should quote your policy with other companies at every renewal to be sure current rates are still competitive.
Jaguar XJ coverage analysis
The rate information below highlights estimates of insurance policy prices for Jaguar XJ models. Having a better idea how auto insurance prices are figured is important for making smart choices when purchasing an auto insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|XJ SWB 4-Dr Sedan||$522||$1254||$542||$32||$162||$2,512||$209|
|XJ LWB 4-Dr Sedan||$566||$1386||$542||$32||$162||$2,688||$224|
|Get Your Own Custom Quote Go|
Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Estimates do not factor in Jacksonville location which can lower or raise coverage rates substantially.
Jaguar XJ full coverage rates compared to liability only
The diagram below illustrates the comparison of Jaguar XJ insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on no claims, a clean driving record, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.
Should you pay for full coverage?
There is no specific rule of when to eliminate comp and collision coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.
For example, let’s say your Jaguar XJ book value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $8,000 after paying your policy deductible. If it’s costing in excess of $800 a year for full coverage, then you might want to consider buying only liability coverage.
There are a few cases where eliminating full coverage is not financially feasible. If you haven’t satisfied your loan, you must maintain physical damage coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage.
Jaguar XJ insurance discounts in Jacksonville
Not many people think insurance is cheap, but you can get discounts that can drop the cost substantially. Some trigger automatically at quote time, but less common discounts must be requested specifically prior to getting the savings.
- Multiple Cars – Buying a policy with multiple cars or trucks with the same auto insurance company can get a discount on all vehicles.
- Multiple Policy Discount – If you insure your home and vehicles with one company you could save as much as 10 to 15 percent.
- Membership in Organizations – Affiliation with a civic or occupational organization in Jacksonville is a good way to get lower rates when shopping for auto insurance.
- Defensive Driver – Successfully completing a class that teaches defensive driver techniques is a good idea and can lower rates if you qualify.
- Pay Upfront and Save – If paying your policy premium upfront instead of monthly or quarterly installments you could save up to 5%.
- Claim-Free Discount – Claim-free drivers can earn big discounts in comparison with accident-prone drivers.
Policy discounts save money, but most discounts do not apply to the overall cost of the policy. Some only apply to specific coverage prices like medical payments or collision. Despite the fact that it seems like it’s possible to get free car insurance, it’s just not the way it works.
The example below visualizes the comparison of Jaguar XJ annual premium costs with and without discounts applied to the rates. The costs are based on a female driver, no accidents or driving violations, Florida state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, claim-free, multi-policy, safe-driver, and homeowner discounts applied.
To view insurers that have a full spectrum of discounts in Jacksonville, click here to view.
Buying insurance from Jacksonville insurance agencies
A small number of people just want to talk to an insurance agent and that can be a great decision One of the best bonuses of comparing insurance prices online is the fact that drivers can get lower premium rates and still choose a local agent. Supporting local insurance agencies is especially important in Jacksonville.
To find an agent, once you fill out this simple form, the coverage information gets sent to local insurance agents in Jacksonville that can give you free Jacksonville auto insurance quotes for your business. You won’t need to search for any insurance agencies since rate quotes are delivered to the email address you provide. You can get cheaper insurance rates without the usual hassles of price shopping. If you have a need to get a comparison quote from one company in particular, don’t hesitate to visit that company’s website and complete a quote there.
When searching for a local Jacksonville insurance agent, you need to know there are two different types of agents from which to choose. Agencies in Jacksonville are categorized either independent agents or exclusive agents depending on their employer.
Independent Insurance Agents
Agents of this type are not employed by one company so they can quote policies with lots of companies and find the cheapest rate. If they find a cheaper price, your policy is moved internally and you stay with the same agent. When comparing insurance prices, we recommend you include a few independent agents for the best price selection.
Listed below is a list of independent insurance agents in Jacksonville that may be able to give cheap rate quotes.
Exclusive Insurance Agents
Agents of this type can usually just insure with one company and some examples include American Family, State Farm, and Allstate. Exclusive agencies are unable to provide prices from multiple companies so you might not find the best rates. Exclusive agencies are well schooled on the products they sell which helps them sell insurance even at higher premiums.
Listed below is a list of exclusive agencies in Jacksonville that can give you comparison quotes.
Ray Moore – State Farm Insurance Agent
109 New Berlin Rd – Jacksonville, FL 32218 – (904) 751-6643 – View Map
Selecting an car insurance agent should include more criteria than just the premium amount. The questions below may impact your decision as well.
- Can you choose the body shop in case repairs are needed?
- How would your car be valued if totaled?
- Is the agent properly licensed in Florida?
- Does the agency have a current Errors and Omissions policy?
- Do they regularly work with personal auto policies in Jacksonville?
After talking to the agent and getting good answers to these questions as well as inexpensive Jaguar XJ insurance in Jacksonville quotes, you’ve probably found an auto insurance agent that meets your needs to adequately provide insurance.
Car insurance specifics
Knowing the specifics of car insurance can help you determine the right coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and coverage can change by endorsement. Below you’ll find typical coverages found on most car insurance policies.
Coverage for collisions
Collision insurance pays for damage to your XJ from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.
Collision can pay for things such as damaging your car on a curb, crashing into a building, hitting a parking meter and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. It’s also possible to raise the deductible on your XJ to save money on collision insurance.
Coverage for liability
This coverage protects you from damage that occurs to other people or property by causing an accident. This insurance protects YOU against claims from other people, and does not provide coverage for damage to your own property or vehicle.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 10/20/10 that translate to $10,000 in coverage for each person’s injuries, a limit of $20,000 in injury protection per accident, and a limit of $10,000 paid for damaged property. Another option is a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.
Liability coverage pays for claims such as medical services, pain and suffering, medical expenses, legal defense fees and loss of income. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as high a limit as you can afford. Florida state minimum liability requirements are 10/20/10 but drivers should carry higher limits.
The next chart demonstrates why buying minimum limits may not be enough.
Coverage for medical payments
Med pay and PIP coverage kick in for short-term medical expenses such as funeral costs, EMT expenses, surgery and ambulance fees. They are often used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage
Uninsured and underinsured coverage
Your UM/UIM coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Jaguar XJ.
Due to the fact that many Florida drivers have only the minimum liability required by law (10/20/10), their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Usually these limits are set the same as your liability limits.
Comprehensive insurance coverage covers damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as falling objects, a broken windshield, rock chips in glass and a tree branch falling on your vehicle. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
More effort can pay off
We covered a lot of information how to save on Jaguar XJ insurance in Jacksonville. The key concept to understand is the more you quote Jacksonville auto insurance, the higher your chance of finding low cost Jacksonville auto insurance quotes. Consumers could even find that the best rates are with a company that doesn’t do a lot of advertising. They may only write in your state and offer lower auto insurance rates as compared to the big name companies such as GEICO and State Farm.
Budget-conscious Jaguar XJ insurance can be found both online as well as from insurance agents, so you need to shop Jacksonville auto insurance with both to have the best selection. A few companies may not provide rates over the internet and usually these small, regional companies sell through independent agents.
While you’re price shopping online, do not reduce needed coverages to save money. In too many instances, an insured cut comprehensive coverage or liability limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your objective should be to purchase plenty of coverage at the best possible price while not skimping on critical coverages.
Much more information about car insurance in Florida is available below:
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)
- What Auto Insurance is Cheapest for Infrequent Drivers in Jacksonville? (FAQ)
- How Much are Auto Insurance Quotes for Low Income Drivers in Jacksonville? (FAQ)
- Who Has Affordable Car Insurance Quotes for Unemployed Drivers in Jacksonville? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Drivers with a DUI in Jacksonville? (FAQ)
- How Much is Jacksonville Auto Insurance for a 20 Year Old Female? (FAQ)
- Insurance losses by make and model (Insurance Institute for Highway Safety)
- If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)