View 2002 Jeep Liberty Insurance Cost

Trying to find cheaper auto insurance rates for your Jeep Liberty? If you are a novice to online auto insurance shopping, chances are good that you are overwhelmed by the vast assortment of local and online companies vying for business.

It’s a good habit to get comparison quotes on a regular basis because prices go up and down regularly. Just because you found the best deal for Liberty insurance a couple years back there is a good chance you can find better rates now. Forget anything you know (or think you know) about auto insurance because you’re about to find out the tricks you need to know to reduce your cost while improving coverage.

Finding affordable coverage is not that difficult. If you are paying for car insurance now, you will most likely be able to lower your premiums substantially using this strategy. Nevertheless, drivers do need to understand how big insurance companies compete online and use this information to your advantage.

The quickest way to compare rate quotes is to know the trick all the major auto insurance companies participate in a system to provide you with free rate quotes. The only thing you need to do is take a few minutes to give details such as if you have a valid license, if you’re married, coverage limits, and if a SR-22 is needed. The rating information gets sent immediately to multiple top-rated companies and you get price estimates within a short period of time.

Insurance coverage advertisements

Insurance coverage companies such as 21st Century, Allstate and State Farm regularly use ads in print and on television. All the companies make the point that you’ll save big if you get a free insurance coverage quote and switch your insurance coverage policy to them. How does each company sell you cheaper insurance coverage? It’s all in the words they use.

Insurance providers quote the lowest rates for the type of insured that will generate a profit. An example of a desirable risk could be over the age of 50, has a clean driving record, and the vehicle is rated for pleasure use. A customer who matches those parameters will get low rates and have a good chance to save money with a new company.

Potential customers who fall short of the “perfect” profile will be quoted higher premium rates and ends up with the customer buying from a different company. The trick companies use is to say “customers that switch” not “everyone that quotes” save the amount stated. That is how insurance companies can advertise the savings. Because of the profiling, you need to do a rate comparison at every renewal. It’s not possible to predict which insurance companies will have the best premium rates at this point in time.

Seven factors that influence insurance premiums

Smart consumers have a good feel for a few of the rating criteria that aid in calculating the rates you pay for insurance. If you know what controls the rates you pay, this empowers consumers to make smart changes that will entitle you to big savings. Lots of factors are used when you quote your car insurance policy. Most are fairly basic like an MVR report, but other criteria are less apparent such as your marital status or how safe your car is.

The factors shown below are most of the major factors used by your company to calculate your rate level.

  • Never allow your insurance policy to lapse – Driving your car without having proper coverage is against the law and you will pay a penalty because you let your coverage lapse. In addition to paying higher premiums, being ticketed for driving with no insurance may earn you a fine, jail time, or a revoked license.
  • How many miles do you drive? – Driving a lot of miles in a year’s time the higher the price you pay to insure it. Most insurance companies calculate prices based on how the vehicle is used. Autos that have low annual miles get more affordable rates compared to those used for work or business. Make sure your vehicle rating is rated on the right rating data, because improper ratings can cost you money. Incorrect rating for your Liberty may be costing you.
  • Extra coverages you don’t use – There are quite a few add-on coverages that can add up on your Liberty policy. Things like coverage for rental cars, towing coverage, and extra equipment coverage may be wasting your money. These may sound like a good investment when deciding what coverages you need, but now you might not need them so consider taking them off your policy.
  • Premiums are lower the older you get – Older people have been proven to be more responsible, tend to file fewer claims , and are generally more financially stable.Inexperience drivers are statistically shown to be less responsible behind the wheel therefore insurance rates are much higher.
  • Don’t skimp on liability protection – The liability section of your policy is the protection in the event that a jury decides you are liable for damages caused by your negligence. Liability provides legal defense coverage to attempt to prove you were not liable. Liability insurance is pretty cheap when compared with rates for comp and collision, so insureds should have plenty of protection for their assets.
  • Rates can drop if you have more than one policy – Most insurance companies afford better rates to customers that buy multiple policies such as combining an auto and homeowners policy. Discounts can amount to as much as ten percent or more Even if you’re getting this discount it’s in your best interest to compare rates to ensure the best deal.
  • Poor credit rating equals high prices – An insured’s credit score is likely to be a major factor in determining premium rates. Drivers who have high credit scores tend to file fewer claims and have better driving records than those with lower ratings. If your credit can be improved, you could pay less to insure your 2002 Jeep Liberty by spending a little time repairing your credit.

You may qualify for discounts

Properly insuring your vehicles can get expensive, but you may be missing some discounts that can help lower your rates. Some trigger automatically at the time of quoting, but some discounts are required to be specially asked for in order for you to get them.

  • Passive Restraints – Cars that have air bags may earn rate discounts of up to 25% or more.
  • Active Military Service – Being deployed in the military could qualify you for better rates.
  • Homeowners Savings – Simply owning a home may earn you a small savings because it shows financial diligence.
  • College Student – Any of your kids who live away from home at college and do not have a car can receive lower rates.
  • Driving Data Discount – Drivers who elect to allow driving data collection to track where and when they drive by using a small device installed in their vehicle like Allstate’s Drivewise could possibly reduce rates as long as they are good drivers.
  • Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to use their safety belts can save up to 10 percent (depending on the company) on the premium charged for medical payments and/or PIP.
  • Low Mileage Discounts – Low mileage vehicles may allow you to get lower prices on the low mileage vehicles.
  • Driver’s Ed – Cut your cost by having your teen driver complete a driver education course in school or through a local driver safety program.
  • Driver Training Discounts – Taking time to complete a course in defensive driver could possibly earn you a 5% discount and also improve your driving technique.
  • Good Student – A discount for being a good student can earn a discount of 20% or more. You can use this discount normally well after school through age 25.

As a disclaimer on discounts, most discount credits are not given to your bottom line cost. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. So even though it sounds like all those discounts means the company will pay you, you aren’t that lucky.

Insurance companies that have many of the previously listed discounts may include but are not limited to:

Check with each company which discounts they offer. Some discounts may not apply to policyholders everywhere. To view insurance coverage companies who offer cheap insurance coverage quotes, click here.

There’s no such thing as the perfect insurance coverage policy

When it comes to buying adequate coverage, there really is not a cookie cutter policy. Everyone’s needs are different.

For instance, these questions can aid in determining if you could use an agent’s help.

  • Is my custom paint covered by insurance?
  • Will I be non-renewed for getting a DUI or other conviction?
  • What is medical payments coverage?
  • Do I need to file an SR-22 for a DUI in my state?
  • Am I covered if I wreck a rental car?
  • Will I lose any money if I cancel my policy before it expires?

If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. To find an agent in your area, fill out this quick form.

Specific coverage details

Knowing the specifics of insurance aids in choosing the best coverages for your vehicles. Insurance terms can be confusing and even agents have difficulty translating policy wording.

Uninsured or underinsured coverage

This provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Comprehensive protection

This coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like hitting a deer, damage from flooding and vandalism. The maximum amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses like nursing services, EMT expenses and pain medications. They can be used to fill the gap from your health insurance program or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Coverage for liability

Liability insurance will cover damage or injury you incur to other’s property or people that is your fault. It protects you from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for things such as bail bonds, pain and suffering, legal defense fees, court costs and funeral expenses. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Auto collision coverage

This coverage pays for damage to your Liberty caused by collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for things such as crashing into a building, rolling your car, crashing into a ditch and driving through your garage door. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to get cheaper collision coverage.

Spend less. Save more.

Consumers leave their current company for a number of reasons such as unfair underwriting practices, policy non-renewal, an unsatisfactory settlement offer or being labeled a high risk driver. Regardless of your reason, finding the right insurance provider is actually quite simple.

In this article, we covered many ways to reduce 2002 Jeep Liberty insurance premium rates online. The key thing to remember is the more companies you get prices for, the better your chances of lowering your prices. Consumers could even find that the best price on insurance is with the smaller companies.

Cheap 2002 Jeep Liberty insurance is available both online in addition to local insurance agencies, so get free insurance coverage quotes from both of them so you have a total pricing picture. Some companies don’t offer online price quotes and many times these small insurance companies sell through local independent agencies.

To learn more, take a look at the resources below: