Cheaper 2008 Jeep Compass Insurance Cost

Have you had enough of paying out the nose to buy insurance coverage? Your situation is no different than millions of other vehicle owners. You have so many auto insurance companies to pick from, and although it’s a good thing to have multiple companies, having more insurance companies makes it harder to locate the cheapest rates.

Decisions you make can impact your insurance rates

Consumers need to have an understanding of some of the elements that are used to determine your policy premiums. If you have a feel for what determines premiums, this helps enable you to make changes that can help you get lower insurance prices.

The factors shown below are some of the things used by insurance companies to determine premiums.

  • Women pay lower costs – Statistics have proven that men are more aggressive behind the wheel. However, don’t assume that men are WORSE drivers than women. They both are responsible for auto accidents in similar percentages, but the male of the species have accidents that have higher claims. Men also statistically have more aggressive citations such as DWI and reckless driving. Teenage male drivers are the most expensive to insure so they pay the highest premiums.
  • More annual miles equals more premium – The higher the miles on your Jeep annually the higher the price you pay to insure it. A lot of insurance companies charge to insure your cars determined by how the vehicle is used. Autos that sit idle most of the time qualify for better rates than those that get driven frequently. Incorrect rating for your Compass is just wasting money. It’s always a good idea to double check that your vehicle rating correctly shows the correct driver usage.
  • Theft deterrents systems cut premiums – Choosing a vehicle that has an advanced theft prevention system can help lower your premiums. Anti-theft features such as OnStar, LoJack tracking, and tamper alarms all aid in stopping car theft.
  • High credit means lower premiums – Having a bad credit history can be an important factor in your rate calculation. Consumers who have good credit tend to be better risks to insure as compared to drivers with lower credit ratings. So if your credit rating leaves room for improvement, you could potentially save money when insuring your 2008 Jeep Compass if you improve your credit rating.
  • Cheaper premiums with safer cars – Safe vehicles get lower rates. Highly rated vehicles reduce injuries and lower injury rates means less claims paid and more competitive rates for policyholders.

These discounts can reduce insurance coverage rates

Companies that sell car insurance don’t necessarily list all their discounts very well, so the list below gives a summary of some of the more common as well as some of the hidden credits available to bring down your rates. If you aren’t receiving every discount you deserve, you are throwing money away.

  • Paperwork-free – A few companies will discount your bill up to fifty bucks get insurance over the internet.
  • Multi-policy Discount – When you have multiple policies with the same insurance company you may save up to 20% off your total premium.
  • ABS Brakes – Cars and trucks with ABS and/or traction control can avoid accidents and the ABS can save up to 10%.
  • Drive Less and Save – Low annual miles can qualify you for cheaper rates.
  • Driving Data Discount – Insureds who allow data collection to spy on driving patterns through the use of a telematics system such as State Farm’s In-Drive may see discounts as long as they are good drivers.
  • Safety Restraint Discount – Using a seat belt and requiring all passengers to buckle up can save a little off the medical payments premium.
  • Early Switch Discount – Some companies give discounts for switching policies before your current expiration date. It could save around 10% when you buy insurance online.

Policy discounts save money, but most discounts do not apply to your bottom line cost. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. So when the math indicates having all the discounts means you get insurance for free, companies don’t profit that way.

If you would like to view insurance companies with significant discounts, click this link.

When do I need an agent’s advice?

When it comes to buying the right insurance coverage for your vehicles, there really is no “best” method to buy coverage. Each situation is unique and a cookie cutter policy won’t apply. These are some specific questions may help you determine if your situation would benefit from professional advice.

  • Can I afford low physical damage deductibles?
  • What vehicles should carry emergency assistance coverage?
  • Will my rates increase for filing one claim?
  • Should I sign the liability waiver when renting a car?
  • What is no-fault insurance?
  • How high should my uninsured/underinsured coverage be in my state?

If you’re not sure about those questions, then you may want to think about talking to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of insurance companies in your area. It only takes a few minutes and may give you better protection.

Educate yourself about insurance coverages

Understanding the coverages of insurance helps when choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Below you’ll find the normal coverages available from insurance companies.

Auto liability insurance

Liability coverage provides protection from damages or injuries you inflict on people or other property by causing an accident. It protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 25/50/25 that translate to a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability can pay for claims like legal defense fees, pain and suffering, structural damage, repair costs for stationary objects and medical services. The amount of liability coverage you purchase is a personal decision, but consider buying as much as you can afford.

Medical expense coverage

Coverage for medical payments and/or PIP pay for immediate expenses such as pain medications, prosthetic devices, rehabilitation expenses and ambulance fees. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. It covers both the driver and occupants as well as being hit by a car walking across the street. PIP coverage is not universally available and may carry a deductible

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection when other motorists do not carry enough liability coverage. This coverage pays for injuries to you and your family and also any damage incurred to your Jeep Compass.

Since a lot of 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 very important. Normally these coverages are identical to your policy’s liability coverage.

Collision coverage protection

Collision coverage will pay to fix damage to your Compass resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as driving through your garage door, colliding with a tree and rolling your car. Collision is rather expensive coverage, so consider dropping it from older vehicles. It’s also possible to increase the deductible to bring the cost down.

Comprehensive protection

This pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as fire damage, falling objects and a tree branch falling on your vehicle. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

In Summary

You just learned many ideas to compare 2008 Jeep Compass insurance prices online. The key thing to remember is the more rate quotes you have, the better your chances of lowering your rates. You may even discover the lowest prices come from the least-expected company. Regional companies may cover specific market segments cheaper than their larger competitors like State Farm or Progressive.

Some companies may not have online quoting and most of the time these small, regional companies only sell through independent agents. Discount 2008 Jeep Compass insurance can be sourced on the web as well as from insurance agents, so you need to compare both in order to have the best chance of saving money.

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