Saab 9-5 Insurance Quotes in Jacksonville

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Astonishing but true according to a recent study, almost 70% of drivers in Florida kept buying from the same company for more than four years, and about 40% of consumers have never compared rates from other carriers. With the average premium in the United States being $1,847, drivers could save about $860 every year by just comparing quotes, but they don't want to take the time to shop their coverage around.

Insurance rates Saab 9-5 in JacksonvilleThe recommended way to get discount Saab 9-5 insurance in Jacksonville is to compare prices at least once a year from insurers in Florida.

First, it will benefit you to learn about how car insurance works and the changes you can make to prevent expensive coverage. Many factors that increase rates such as your driving record and a less-than-favorable credit rating can be controlled by making lifestyle changes or driving safer. This article gives more ideas to prevent rate hikes and get bigger discounts that may have been overlooked.

Second, obtain price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can provide rates from one company like GEICO and Allstate, while agents who are independent can provide price quotes for many different companies.

Third, compare the new rates to your current policy premium and determine if cheaper 9-5 coverage is available in Jacksonville. If you find better rates and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.

A good piece of advice is to compare identical coverage information on every quote and and to compare all possible companies. Doing this helps ensure the most accurate price comparison and a thorough selection of prices.

If you have a current car insurance policy, you will surely be able to find better prices using these methods. The goal of this article is to teach you the most effective way to quote insurance and some tips to save money. Nevertheless, Florida vehicle owners can benefit from knowing the way insurance companies determine prices because it can help you find the best coverage.

To get affordable Saab 9-5 insurance quotes, there a variety of ways to compare rate quotes from local Jacksonville insurance companies. The simplest method to do a complete rate comparison is simply to get online rate quotes.

It's important to know that comparing more rates from different companies will increase your chances of finding a lower rate. Not every company allows you to get online price quotes, so you should also compare quotes from the smaller companies as well.

The companies in the list below provide free rate quotes in Florida. If more than one company is shown, we suggest you visit several of them to get the best price comparison.

Coverage statistics and figures

The rate information below outlines detailed analysis of insurance coverage prices for Saab 9-5 models. Having a better understanding of how rates are determined can be valuable when making smart policy decisions.

Saab 9-5 Insurance Rates in Jacksonville, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
9-5 Aero XWD 4-Dr Sedan $284 $572 $400 $24 $120 $1,400 $117
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Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Estimates do not factor in your specific Jacksonville location which can modify prices greatly.

Comparison of policy deductibles

One of the more difficult decisions when buying insurance is where to set your physical damage deductibles. The rates shown below approximate the differences in premium rates between high and low physical damage deductibles. The first set of rates uses a $250 deductible and the second pricing table uses a $500 deductible.

Saab 9-5 insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
9-5 Aero XWD 4-Dr Sedan $446 $834 $418 $24 $124 $1,871 $156
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Saab 9-5 insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
9-5 Aero XWD 4-Dr Sedan $364 $672 $418 $24 $124 $1,602 $134
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Rates do not factor in specific Jacksonville garaging location which can lower or raise prices noticeably.

Based on this data, we can arrive at the conclusion that using a $250 deductible could cost the average driver approximately $22 more each month or $264 for a full year than buying the higher $500 deductible. Because you would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you tend to have at a minimum 11 months between claim filings, you would probably save some money if you opt for a higher deductible.

How to calculate deductible break even period

Average monthly premium for $250 deductibles: $156
Average monthly premium for $500 deductibles (subtract): - $134
Monthly savings from raising deductible: $22
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $22
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 11 months

An important thing to remember is that higher deductibles results in more money out-of-pocket when you have a comprehensive or collision claim. That will necessitate some money saved in the event you need to pay more for the deductible.

The example below demonstrates how deductible levels and can influence Saab 9-5 insurance premiums for different age groups of insureds. The premiums are based on a married female driver, comprehensive and collision coverage, and no discounts are factored in.

Saab 9-5 insurance costs by age and gender

The information below illustrates the comparison of Saab 9-5 premium costs for male and female drivers. The data is based on no tickets, no at-fault accidents, full coverage, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.

Comparison of full coverage and liability-only policies

The information below shows the comparison of Saab 9-5 premium costs with and without physical damage coverage. The rates are based on no driving violations, no at-fault accidents, $250 deductibles, drivers are not married, and no additional discounts are factored in.

When to stop buying comprehensive and collision coverage

There is no specific rule of when to drop comp and collision coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.

For example, let's assume your Saab 9-5 book value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $7,000 after the policy deductible has been paid. If premiums are more than $700 annually for full coverage, then you might want to consider buying only liability coverage.

There are some circumstances where dropping full coverage is not financially feasible. If you haven't paid off your loan, you have to maintain full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not opt for liability only.

You Can Change Your Insurance Prices

The best way to find cheaper car insurance is to take a look at the different types of things that come into play when calculating your car insurance rates. If you have some idea of what controls the rates you pay, this allows you to make educated decisions that will entitle you to lower car insurance prices.

The items below are some of the factors utilized by car insurance companies to help set your rate level.

  • Don't let your coverage lapse - Driving without insurance coverage in place can get you a ticket and as a result your rates will increase for letting your coverage have a gap. Not only will rates go up, the inability to provide proof of insurance may result in fines and jail time.
  • With age comes responsibility - Youthful drivers in Florida tend to be careless and easily distracted with other occupants in the car and because of this, their car insurance rates are much higher. If you've ever had to add a first-time driver onto your car insurance can really hurt. Older, more experienced drivers are proven to be safer behind the wheel, file fewer claims, and receive fewer citations.

    The following chart is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.

  • Higher prices for specific occupations - Did you know your job can affect your rates? Jobs like doctors, air traffic controllers, and medical professionals tend to have higher rates than average in part from high stress levels and extremely grueling work hours. Conversely, occupations like farmers, engineers and homemakers get better rates.
  • Performance makes a difference - The performance of the car you are trying to find cheaper insurance for makes a big difference in your car insurance bill. The cheapest rates are usually found on lower cost passenger cars, but your final cost has many other factors.

    The following chart is based on a single female driver age 20, full coverage with $500 deductibles, and no discounts or violations. The data compares Saab 9-5 insurance rates compared to other models of vehicles that have different performance rating factors.

  • Extra policy coverages are wasting money - Insurance policies have a lot of optional add-on coverages that can add up on your car insurance policy. Coverages for coverage for rental cars, towing coverage, and Farm Bureau memberships could be just wasting money. They may seem good initially, but your money might be better spent on other coverage so remove them and pocket the money.

Car insurance is not optional in Florida

Even though it's not necessarily cheap to insure a Saab in Jacksonville, insurance is most likely required but also gives you several important benefits.

First, almost all states have mandatory insurance requirements which means it is punishable by state law to not carry a specific level of liability protection in order to license the vehicle. 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 have a loan on your vehicle, more than likely the lender will stipulate that you have physical damage coverage to guarantee loan repayment. If you let the policy lapse, the lender may insure your Saab at an extremely high rate and force you to reimburse them for the much more expensive policy.

Third, car insurance preserves your vehicle and your assets. Insurance will pay for all forms of medical expenses for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, will also pay to defend you if you are sued as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.

The benefits of insuring your car are definitely more than the cost, especially when you need to use it. Despite what companies tell you, the average driver is currently overpaying as much as $830 a year so shop around every year to ensure rates are inline.