Lower Your 2003 Jaguar XK-Series Insurance Rates

Looking for the cheapest car insurance rates for your Jaguar XK-Series? Are you tired of robbing Peter to pay Paul to insure your Jaguar every month? Your situation is no different than many other drivers.

Many auto insurance companies compete for your hard-earned dollar, and it can be difficult to compare rates to find the absolute best price available.

What determines your Jaguar XK-Series insurance premium

Smart consumers have a good feel for some of the elements that go into determining your insurance coverage rates. Knowing what controls the rates you pay enables informed choices that may reward you with better insurance coverage rates.

Listed below are some of the items insurance coverage companies consider when setting rates.

  • Older drivers save more – Teenage drivers have a tendency to be more careless when behind the wheel so they pay higher insurance coverage rates. Older insureds are viewed as being more responsible, file fewer claims and receive fewer citations.
  • Car features impact rates – Driving a car with anti-theft technology or alarm system can help bring down rates. Anti-theft features like GM’s OnStar, tamper alarm systems and vehicle immobilizers all hinder your vehicle from being stolen.
  • Rates may be lower depending on your job – Did you know your occupation can influence how much you pay for insurance coverage? Jobs such as lawyers, architects and stock brokers tend to pay the highest rates in part from stressful work requirements and lots of time spent at work. On the other hand, professions such as actors, students and performers have the lowest average rates for XK-Series insurance.
  • Don’t skimp on liability – Liability coverage will protect you if you are found liable for causing damage or personal injury in an accident. Liability provides legal defense which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so do not skimp.
  • Claim-free discounts can add up – If you tend to file frequent claims, you can pretty much guarantee either policy cancellation or increased premiums. Companies award lower rates to insureds who are claim-free. Your insurance policy is meant to be used in the event of the large, substantial claims.
  • Careful drivers pay lower rates – Your driving record has a big impact on rates. Even a single citation may increase your cost by twenty percent. Drivers with clean records receive lower rates than people who have multiple driving citations. Drivers who get severe violations like hit and run, DWI or reckless driving convictions may be required to submit a SR-22 or proof of financial responsibility with their state DMV in order to drive a vehicle legally.
  • Poor credit can mean higher rates – Credit rating is a large factor in determining what you pay for insurance coverage. Drivers who have high credit ratings tend to be better drivers and file fewer claims than drivers who have poor credit. If your credit can use some improvement, you could potentially save money when insuring your 2003 Jaguar XK-Series by improving your rating.

Compare the Market for Insurance

There are a lot of ways to shop for insurance, but some are less time-consuming than others. You could waste time discussing policy coverages with local insurance agents in your area, or you could use the internet for quick rates.

Many of the larger companies enroll in a system where prospective buyers submit one quote, and each participating company returns a rated price based on the submitted data. This system prevents you from having to do repetitive form submissions to every company.

To compare 2003 Jaguar XK-Series rates using this form now click here (opens in new window).

The only drawback to using this type of form is you are unable to specify which carriers you want to price. If you would rather choose specific providers to compare rates, we put together a list of the cheapest insurance companies in your area. Click here to view list.

It’s your choice how you get your quotes, but make darn sure you compare apples-to-apples coverage limits on every quote. If you are comparing different deductibles it’s impossible to determine the lowest rate for your Jaguar XK-Series. Having just a slight variation in limits can make a big difference in price. And when comparing insurance rates, know that more quotes will enable you to find the best price.

Can you really save $410 a year?

Companies like Progressive, GEICO, Allstate and State Farm consistently run television and radio advertisements. All the ads make the same claim about savings if you change to them. But how can every company make the same claim? It’s all in the numbers.

All the different companies have a preferred profile for the type of customer that is profitable for them. For example, a desirable insured might be profiled as between 25 and 40, has no driving citations, and has excellent credit. A customer who matches those parameters is entitled to the best price and is almost guaranteed to save quite a bit of money when switching.

Consumers who do not match these standards will have to pay a higher premium which usually ends up with business going elsewhere. The ads say “customers who switch” not “people who quote” save that much. That is how companies can make those claims.

Because of the profiling, you should compare many company’s rates. It’s just too difficult to predict which insurance companies will have the lowest Jaguar XK-Series insurance rates.

Save with discounts on 2003 Jaguar XK-Series insurance

Insurance can be prohibitively expensive, but companies offer discounts to help offset the cost. Larger premium reductions will be automatically applied at the time you complete a quote, but a few must be requested specifically prior to receiving the credit.

  • Senior Citizens – Mature drivers may receive reduced rates for XK-Series insurance.
  • Discount for Good Grades – A discount for being a good student can be rewarded with saving of up to 25%. The discount lasts up to age 25.
  • Theft Prevention Discount – Anti-theft and alarm systems can help prevent theft and will save you 10% or more.
  • Club Memberships – Being a member of a civic or occupational organization could trigger savings on auto insurance for XK-Series insurance.
  • Air Bag Discount – Vehicles equipped with air bags or motorized seat belts can qualify for discounts of up to 25% or more.
  • More Vehicles More Savings – Having multiple cars or trucks with the same company could earn a price break for each car.
  • Federal Government Employee – Being employed by or retired from a federal job may qualify you for a discount for XK-Series insurance with certain companies.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Jaguar can earn better rates on cars that stay parked.
  • Homeowners Savings – Owning a house can help you save on auto insurance due to the fact that maintaining a home is proof that your finances are in order.
  • Use Seat Belts – Requiring all passengers to use a seat belt could cut 10% or more off your medical payments premium.

Keep in mind that most discounts do not apply the the whole policy. Some only apply to individual premiums such as liability and collision coverage. So when it seems like you would end up receiving a 100% discount, it doesn’t quite work that way. But all discounts will cut the cost of coverage.

Insurance companies that may have some of the above discounts include:

Check with every prospective company what discounts are available to you. Discounts might not be offered in your state.

Tailor your coverage to you

When buying adequate coverage, there really is not a “best” method to buy coverage. Every insured’s situation is different so this has to be addressed. For instance, these questions can help discover if your situation might need professional guidance.

  • Do I have newly-aquired coverage?
  • Is my teen driver covered when they drive my company car?
  • Should I waive the damage coverage when renting a car?
  • What should my uninsured motorist coverage limits be in my state?
  • When should I drop full coverage on my 2003 Jaguar XK-Series?
  • Are rock chip repairs covered?
  • When should I buy a commercial auto policy?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.

Auto insurance coverage information

Understanding the coverages of a car insurance policy can help you determine the best coverages for your vehicles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Shown next are the normal coverages offered by car insurance companies.

Liability insurance

Liability insurance can cover injuries or damage you cause to a person or their property by causing an accident. It protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

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 limits of 100/300/100 that means you have a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Alternatively, you may have a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for claims such as court costs, legal defense fees and medical expenses. The amount of liability coverage you purchase is your choice, but you should buy as large an amount as possible.

Medical costs insurance

Med pay and PIP coverage provide coverage for expenses such as prosthetic devices, dental work, hospital visits, funeral costs and pain medications. They are often used in conjunction with a health insurance plan or if you do not have health coverage. It covers you and your occupants and will also cover if you are hit as a while walking down the street. PIP is not an option in every state and gives slightly broader coverage than med pay

UM/UIM Coverage

This coverage gives you protection when other motorists are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Jaguar XK-Series.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally these coverages are similar to your liability insurance amounts.

Collision insurance

Collision coverage pays for damage to your XK-Series caused by collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as damaging your car on a curb, crashing into a ditch, colliding with a tree, hitting a parking meter and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible in order to get cheaper collision rates.

Comprehensive or Other Than Collision

This pays for damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like damage from getting keyed, hitting a deer and a broken windshield. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Shop Smart and Save

Throughout this article, we presented many tips how you can shop for 2003 Jaguar XK-Series insurance online. The most important thing to understand is the more you quote, the better your chances of lowering your rates. You may even discover the lowest priced insurance comes from the smaller companies. These smaller insurers may often insure only within specific states and give getter rates than the large multi-state companies such as State Farm or Progressive.

When shopping online for insurance, don’t be tempted to sacrifice coverage to reduce premiums. In many instances, consumers will sacrifice physical damage coverage only to discover later that their decision to reduce coverage ended up costing them more. Your goal should be to get the best coverage possible at an affordable rate, not the least amount of coverage.

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