2007 Jaguar XK-Series Insurance Cost – 9 Savings Tips

Sick and tired of sacrificing other expenses to pay your car insurance bill each month? You have the same problem as the majority of other vehicle owners. Vehicle owners have multiple insurers to purchase coverage from, and although it’s a good thing to have a selection, lots of choices makes it harder to find the best rates for your vehicles.

Take these nine policy discounts and save

Some insurers do not advertise every available discount in an easy-to-find place, so the following is a list of some of the more common in addition to some of the lesser obvious discounts that you may qualify for.

  • Safety Restraint Discount – Forcing all vehicle occupants to wear their seat belts can save a little off the PIP or medical payment premium.
  • Driver’s Education for Students – Teen drivers should enroll in driver’s education if offered at their school.
  • Multi-policy Discount – If you insure your home and vehicles with one company you may earn as much as 10 to 15 percent.
  • Renewal Discounts – Some car insurance companies provide a discount for renewing your policy prior to your current policy expiring. Ten percent is about the average savings.
  • New Car Discount – Buying a new car model can get you a discount since new vehicles are generally safer.
  • Discount for Life Insurance – Larger insurance carriers have lower prices if you buy a life insurance policy as well.
  • Pay Now and Pay Less – If paying your policy premium upfront rather than paying in monthly installments you can actually save on your bill.
  • Low Mileage – Driving less may allow you to get slightly better prices than normal.
  • Safety Course Discount – Taking time to complete a course in defensive driver can save you 5% or more and easily pay for the cost of the class.

Discounts save money, but please remember that some credits don’t apply to your bottom line cost. Some only reduce individual premiums such as liability, collision or medical payments. Just because it seems like adding up those discounts means a free policy, it doesn’t quite work that way.

If you would like to see a list of insurance companies that offer the discounts shown above, click this link.

Which policy gives me the best coverage?

When it comes to buying the best car insurance coverage for your vehicles, there really is no single plan that fits everyone. Everyone’s needs are different so your insurance should reflect that These are some specific questions might point out whether your personal situation would benefit from professional advice.

  • What is covered by UM/UIM coverage?
  • Do I need special endorsements for business use of my vehicle?
  • Am I covered if I hit a deer?
  • Can I get a multi-policy discount?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Should I buy full coverage?
  • What is high-risk coverage and where do I buy it?
  • Is other people’s property covered if stolen from my vehicle?
  • Should I buy additional glass protection?
  • Does car insurance cover theft of personal property?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with an agent. To find an agent in your area, take a second and complete this form or click here for a list of car insurance companies in your area. It only takes a few minutes and can provide invaluable advice.

Insurance coverage breakdown

Understanding the coverages of your insurance policy can help you determine which coverages you need at the best deductibles and correct limits. Insurance terms can be confusing and coverage can change by endorsement. Listed below are typical coverage types found on the average insurance policy.

Comprehensive protection

This coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as hail damage, falling objects, a tree branch falling on your vehicle and vandalism. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured or underinsured coverage

This protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and also any damage incurred to your Jaguar XK-Series.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses such as nursing services, hospital visits, X-ray expenses and dental work. The coverages can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Auto liability insurance

This protects you from damage that occurs to other’s property or people by causing an accident. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 50/100/50 which stand for $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability coverage pays for things such as repair costs for stationary objects, loss of income, emergency aid and legal defense fees. The amount of liability coverage you purchase is up to you, but you should buy as high a limit as you can afford.

Collision protection

This will pay to fix damage to your XK-Series caused by collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things like sustaining damage from a pot hole, rolling your car, damaging your car on a curb, backing into a parked car and scraping a guard rail. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to bring the cost down.

At the end of the day…

You just learned a lot of ways to compare 2007 Jaguar XK-Series insurance prices online. The most important thing to understand is the more companies you get rates for, the better likelihood of getting inexpensive insurance. Consumers may even find the lowest prices come from an unexpected company. They may cover specific market segments cheaper as compared to the big name companies such as Progressive or GEICO.

As you prepare to switch companies, you should never reduce needed coverages to save money. In many instances, someone dropped full coverage and found out when filing a claim that the savings was not a smart move. The ultimate goal is to purchase plenty of coverage at an affordable rate, but do not sacrifice coverage to save money.

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