2014 Jeep Compass Insurance Rates

Did you make the mistake of buying an overpriced insurance coverage policy? It’s quite common and many drivers have buyer’s remorse. Companies like GEICO and Progressive constantly bombard you with advertising and it is difficult to see through the deception and find the best price available.

It is always a good idea to get comparison quotes periodically because insurance rates are adjusted regularly by insurance companies. Even if you think you had the lowest rate on Compass coverage two years ago you will most likely find a better price today. You can search a lot of insurance coverage on the internet, but in just a couple of minutes you can learn a bunch of ideas how to buy insurance coverage cheaper.

Take policy discounts and save

Companies that sell car insurance don’t necessarily list every policy discount in an easy-to-find place, so here is a list both the well known as well as some of the hidden auto insurance savings.

  • Passenger Safety Discount – Vehicles with factory air bags and/or automatic seat belt systems may earn rate discounts of 20% or more.
  • Home Ownership Discount – Just owning your own home may trigger a policy discount on auto insurance because of the fact that having a home shows financial diligence.
  • Senior Citizens – If you’re over the age of 55, you may be able to get better auto insurance rates on Compass coverage.
  • Seat Belts Save more than Lives – Requiring all passengers to buckle up before driving can save a little off PIP or medical payments premium.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education in school.
  • Professional Organizations – Participating in a civic or occupational organization can get you a small discount when shopping for auto insurance.
  • Discount for Swiching Early – A few larger companies give discounts for switching policies before your current expiration date. This can save 10% or more.

Please keep in mind that some of the credits will not apply to the entire policy premium. A few only apply to the cost of specific coverages such as comprehensive or collision. Even though it may seem like all those discounts means the company will pay you, it doesn’t quite work that way. Any qualifying discounts will bring down your policy premium.

To view insurers that offer some of these discounts, click this link.

Learn how to get car insurance for less

Lots of things are considered when premium rates are determined. Some factors are common sense like your driving record, but some are not quite as obvious such as whether you are married or how financially stable you are.A large part of saving on car insurance is knowing the rating factors that help determine your policy premiums. If you have some idea of what impacts premium levels, this allows you to make good choices that could help you find better car insurance rates.

The factors shown below are most of the major factors used by insurance companies to determine your rates.

  • Having a spouse brings a discount – Getting married may save some money when shopping for car insurance. Marriage translates into being more stable financially and statistics show drivers who are married are more cautious.
  • Multiple policies with one company – Many car insurance companies will award lower prices for people that purchase more than one policy such as combining an auto and homeowners policy. This can amount to ten or even up to twenty percent in some cases. Even with this discount applied, it’s in your best interest to comparison shop to guarantee you are still saving the most.
  • Vehicles with better crash test results cost less to insure – Vehicles with good safety scores tend to be cheaper to insure. These vehicles result in less severe injuries and better occupant protection means lower claim amounts and lower rates for you. If your Jeep has ratings of a minimum four stars on Safercar.gov it may cost less to insure.
  • Premiums for guys may be higher – Over the last 50 years, statistics have shown that females take fewer risks when driving. It does not mean women are BETTER drivers than men. Both genders tend to get into fender benders in similar percentages, but males tend to have higher claims. Not only are claims higher, but men get cited for more serious violations such as DWI and reckless driving. Teenage male drivers tend to get in the most accidents and therefore are the most expensive to insure.
  • Your employer is a factor – Occupations like doctorsairline pilots and dentists tend to pay the highest average rates due to high stress levels and long work days. On the flip side, occupations such as scientists, athletes and retirees pay the least on Compass coverage.
  • How old are your drivers? – Older, more experienced drivers are proven to be safer behind the wheel, cause fewer claims and accidents and get fewer tickets.Beginning drivers tend to be inattentive when behind the wheel therefore car insurance rates are much higher.
  • Continuous coverage saves money – Allowing your car insurance policy to lapse can be a fast way to bump up your car insurance costs. In addition to paying higher premiums, getting caught without coverage can result in a fine, jail time, or a revoked license.

Which policy gives me the best coverage?

When choosing the best insurance coverage coverage, there is no perfect coverage plan. Each situation is unique so your insurance should reflect that Here are some questions about coverages that may help you determine whether you would benefit from an agent’s advice.

  • What is medical payments coverage?
  • Is motorclub coverage worth it?
  • Which companies will insure high-risk drivers?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Can my teen driver be rated on a liability-only vehicle?
  • Is my cargo covered for damage or theft?
  • What is PIP insurance?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk 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’s fast, free and you can get the answers you need.

Insurance coverages and their meanings

Having a good grasp of insurance helps when choosing the right coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Below you’ll find the usual coverages offered by insurance companies.

UM/UIM Coverage

This coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. It can pay for injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Medical costs insurance

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for things like dental work, surgery and ambulance fees. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Collision protection

This coverage pays for 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 coverage pays for claims like hitting a parking meter, crashing into a building, driving through your garage door, rolling your car and scraping a guard rail. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. Drivers also have the option to raise the deductible to bring the cost down.

Comprehensive or Other Than Collision

This will pay to fix 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 can pay for claims such as vandalism, hail damage, rock chips in glass, a broken windshield and damage from getting keyed. The most a insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Auto liability insurance

Liability coverage provides protection from injuries or damage you cause to other people or property that is your fault. It protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 50/100/50 that translate to $50,000 bodily injury coverage, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for things like pain and suffering, medical expenses, attorney fees, bail bonds and loss of income. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Shop. Compare. Save.

When getting auto insurance quotes online, it’s very important that you do not skimp on critical coverages to save a buck or two. In too many instances, someone dropped physical damage coverage and found out when filing a claim that the few dollars in savings costed them thousands. Your strategy should be to buy the best coverage you can find at the lowest possible cost.

We just covered a lot of ways to compare 2014 Jeep Compass insurance premium rates online. The key thing to remember is the more quotes you get, the better likelihood of getting cheaper auto insurance. Drivers may discover the best premium rates are with a small local company. They may have significantly lower prices on certain market segments compared to the large companies like Allstate and Progressive.

Helpful information