Nobody rejoices having to buy auto insurance, especially when they know they could find better rates elsewhere. People have so many car insurance companies to buy insurance from, and although it’s nice to have a choice, it makes it harder to adequately compare rates.
Insuring your vehicles can cost a lot, but there are discounts available that you may not know about. Some discounts will apply when you purchase, but once in a while a discount must be inquired about prior to receiving the credit. If you check and find you aren’t receiving every discount possible, you are paying more than you should be.
Consumers should know that most of the big mark downs will not be given to the entire cost. A few only apply to specific coverage prices like collision or personal injury protection. So even though they make it sound like having all the discounts means you get insurance for free, auto insurance companies aren’t that generous.
Car insurance companies that may offer these benefits may include but are not limited to:
When quoting, ask each company the best way to save money. Some of the earlier mentioned discounts may not apply to policies in every state. To choose insurers who offer auto insurance discounts, follow this link.
Finding a better price on car insurance can be quick and easy. The only thing you need to do is invest a few minutes to compare free auto insurance quotes online from several insurance companies. It’s really simple and can be done in just a few minutes using one of these methods.
However you get your quotes, do your best to enter apples-to-apples coverage limits for every quote you compare. If the quotes have different deductibles you will not be able to get a fair rate comparison.
When it comes to choosing the right insurance coverage, there really is not a perfect coverage plan. Everyone’s situation is unique and your policy should reflect that. For instance, these questions may help highlight whether your personal situation might need professional guidance.
If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It only takes a few minutes and may give you better protection.
Knowing the specifics of your auto insurance policy aids in choosing the best coverages and proper limits and deductibles. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Shown next are typical coverage types offered by auto insurance companies.
Comprehensive auto insurance
This coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.
Comprehensive coverage pays for things like a broken windshield, fire damage and hitting a bird. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Auto liability insurance
This coverage can cover damage that occurs to people or other property in an accident. This insurance protects YOU against claims from other people, and does not provide coverage for damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 100/300/100 that means you have a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.
Liability coverage protects against claims like repair bills for other people’s vehicles, bail bonds, repair costs for stationary objects and court costs. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.
Collision insurance
This coverage covers damage to your XK-Series resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against things like scraping a guard rail, colliding with a tree and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible to save money on collision insurance.
Coverage for medical expenses
Med pay and PIP coverage pay for short-term medical expenses like hospital visits, doctor visits, nursing services and rehabilitation expenses. The coverages can be used in conjunction with a health insurance plan or if you lack health insurance entirely. They cover all vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible
Coverage for uninsured or underinsured drivers
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries and damage to your 2001 Jaguar XK-Series.
Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Most of the time these limits are set the same as your liablity limits.
As you prepare to switch companies, you should never sacrifice coverage to reduce premiums. There are a lot of situations where an insured cut physical damage coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. The proper strategy is to purchase a proper amount of coverage for the lowest price, but do not skimp to save money.
Low-cost 2001 Jaguar XK-Series insurance can be purchased from both online companies as well as from independent agents, and you should be comparing both to have the best rate selection. Some companies don’t offer online price quotes and most of the time these smaller providers prefer to sell through local independent agencies.