2013 Jaguar XK Insurance Rates – 6 Ways to Save

Have you had enough of paying out the nose to pay your car insurance bill each month? You’re in the same situation as millions of other consumers.

Drivers have so many insurers to purchase coverage from, and even though it’s nice to have multiple companies, it can be more challenging to compare rates.

You need to take a look at other company’s rates quite often since insurance rates are variable and change quite frequently. Just because you had the lowest price on XK insurance two years ago other companies may now be cheaper. There is a lot of bad information regarding car insurance online, so by reading this article, you’re going to learn a lot of great tips on how to find affordable car insurance.

This article will tell you the most effective way to quote insurance and some tips to save money. If you have car insurance now, you should be able to cut costs considerably using these techniques. Although car owners do need to understand the way companies market on the web and take advantage of how the system works.

Take these six discounts and save

Car insurance is not cheap, but you can get discounts to cut the cost considerably. A few discounts will automatically apply when you quote, but lesser-known reductions have to be inquired about in order for you to get them.

  • Safe Driver Discount – Safe drivers may receive a discount up to 45% less on XK insurance than drivers with accidents.
  • Driver’s Ed – Cut your cost by having your teen driver enroll in driver’s education if offered at their school.
  • Homeowners Pay Less – Simply owning a home can help you save on insurance because of the fact that having a home is proof that your finances are in order.
  • Multi-policy Discount – If you have multiple policies with one company you could get a discount of up to 20% off your total premium.
  • Air Bag Discount – Vehicles equipped with air bags and/or automatic seat belt systems may earn rate discounts of up to 25% or more.
  • One Accident Forgiven – A handful of insurance companies permit an accident before raising your premiums if you are claim-free for a certain period of time.

It’s important to understand that most discount credits are not given the the whole policy. A few only apply to individual premiums such as liability and collision coverage. So when it seems like adding up those discounts means a free policy, it just doesn’t work that way. But all discounts will cut your premiums.

For a list of insurance companies with the best insurance discounts, click here to view.

Do you really save 40% when you switch?

GEICO, State Farm and Progressive continually stream television and radio advertisements. All the companies make the same claim about savings after switching to them. How does each company claim to save you money? This is how they do it.

Insurance companies are able to cherry pick for the driver they prefer to insure. For example, a desirable insured could possibly be over the age of 40, insures multiple vehicles, and has a high credit rating. Any new insured who fits that profile is entitled to the best price and most likely will cut their rates substantially.

Consumers who fall outside the requirements must pay a higher premium and this can result in business going elsewhere. The ad wording is “customers that switch” not “people who quote” save money. That is how insurance companies can advertise the savings.

This illustrates why you absolutely need to get quotes from several different companies. It’s impossible to know which company will give you the biggest savings on Jaguar XK insurance.

Which policy gives me the best coverage?

When it comes to buying coverage for your vehicles, there isn’t really a “perfect” insurance plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. These are some specific questions could help you determine whether or not you will benefit from professional help.

  • Are all vehicle passengers covered by medical payments coverage?
  • Why am I required to get a high-risk car insurance policy?
  • Does my policy pay for OEM or aftermarket parts?
  • Does insurance cover damages from a DUI accident?
  • Do I have coverage when using my vehicle for my home business?
  • How high should my uninsured/underinsured coverage be in my state?
  • Who is covered by my policy?
  • What vehicles should carry emergency assistance coverage?
  • Do I need PIP coverage since I have good health insurance?
  • At what point should I drop full coverage?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to an agent. To find an agent in your area, simply complete this short form or click here for a list of insurance companies in your area.

Auto insurance coverages

Understanding the coverages of your policy helps when choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy. Below you’ll find the normal coverages offered by car insurance companies.

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Comprehensive or Other Than Collision – This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as a tree branch falling on your vehicle, hail damage, damage from a tornado or hurricane, vandalism and rock chips in glass. The maximum payout your car insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Liability car insurance – This provides protection from injuries or damage you cause to a person or their property by causing an accident. This coverage protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 25/50/25 that means you have a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers claims such as emergency aid, funeral expenses, bail bonds and medical expenses. How much liability should you purchase? That is a personal decision, but consider buying as large an amount as possible.

Medical costs insurance – Med pay and PIP coverage kick in for bills like doctor visits, prosthetic devices and funeral costs. They are often used in conjunction with a health insurance policy or if you do not have health coverage. They cover both the driver and occupants in addition to if you are hit as a while walking down the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Collision coverage – Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as backing into a parked car, rolling your car, colliding with a tree 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. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Have the Midas touch

As you shop your coverage around, it’s a bad idea to sacrifice coverage to reduce premiums. There are many occasions where an insured dropped full coverage and found out when filing a claim that the small savings ended up costing them much more. The aim is to buy a smart amount of coverage at an affordable rate, not the least amount of coverage.

In this article, we presented a lot of ways to save on 2013 Jaguar XK insurance. The key concept to understand is the more price quotes you have, the better chance you’ll have of finding lower rates. You may even discover the best price on insurance coverage is with a small local company. These companies can often insure niche markets at a lower cost compared to the large companies like GEICO and State Farm.

More tips and info about insurance coverage can be read in these articles: