5 Top Tricks to Lower Jaguar XJR-S Rates

Did you fall for a flashy sales pitch and buy an underperforming, overpriced auto insurance policy? Trust us when we tell you you are not the only one feeling buyer’s remorse.

Big companies like State Farm, Farmers Insurance, GEICO and Allstate increase brand awareness with advertising and consumers find it hard to ignore the promise of big savings and effectively compare rates to find the best deal.

You should make it a habit to check auto insurance prices once or twice a year since insurance rates are rarely the same from one policy term to another. Just because you had the best rates on XJR-S coverage last year a different company probably has better rates today. There is a lot of wrong information about auto insurance on the web, but I’m going to show you some proven techniques to slash your auto insurance rates.

If you are paying for car insurance now, you should be able to reduce your rates substantially using these techniques. Finding affordable coverage is not that difficult. But car owners benefit from understanding how big insurance companies sell online and apply this information to your search.

Are you getting all your discounts?

Companies offering auto insurance do not list all available discounts in a way that’s easy to find, so we break down both the well known and the more hidden auto insurance savings.

• Multi-car Discount – Buying coverage for more than one vehicle on one policy can get a discount on all vehicles.
• Anti-lock Brake System – Vehicles with anti-lock braking systems prevent accidents and qualify for as much as a 10% discount.
• Bundle and Save – If you have multiple policies with the same insurance company you may earn at least 10% off all policies.
• Discount for Life Insurance – Some companies give a break if you buy auto and life insurance together.
• Save over 55 – Older drivers may qualify for better auto insurance rates on XJR-S coverage.

It’s important to note that most discount credits are not given to all coverage premiums. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So even though they make it sound like all the discounts add up to a free policy, companies wouldn’t make money that way.

For a list of companies with discount auto insurance rates, follow this link.

When might I need an agent?

When it comes to buying coverage for your vehicles, there is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. These are some specific questions might help in determining if you might need professional guidance.

• Does my insurance cover my expensive audio equipment?
• What are no-fault laws?
• Do I have any recourse if my insurance company denies a claim?
• I have good health insurance, so how much medical payments coverage do I need?
• Am I covered if I wreck a rental car?
• Will I be non-renewed for getting a DUI or other conviction?
• Are split liability limits better than a combined single limit?

If you don’t know the answers to these questions then you might want to talk to an agent. If you don’t have a local agent, complete this form or click here for a list of auto insurance companies in your area.

What about my local agents?

Some consumers prefer to visit with an insurance agent and that is a personal choice. The biggest benefit of getting online price quotes is that you can obtain better rates and still have an agent to talk to.

Once you complete this short form, the coverage information is emailed to local insurance agents who will compete for your insurance coverage. You never need to leave your computer as quotes are delivered straight to your inbox. How’s that for easy! You’ll get the best rates and work with a local agent.

Picking a company requires more thought than just a low price. Ask your prospective agent these questions:

• Is vehicle mileage a factor when determining depreciation for repairs?
• How long have they worked with personal auto insurance coverage?
• If your car is totalled, how to they determine the replacement cost?
• Do they regularly work with personal auto policies?
• Which company do they place the most coverage with?

If you wish to select a specific agent in your state, click here.

After getting positive responses to your questions and a low price estimate, you’ve probably found a company that meets your needs to provide auto insurance coverage.

Do auto insurance companies bend the truth?

Auto insurance companies such as State Farm, Allstate and GEICO constantly bombard you with television and radio advertisements. They all seem to make an identical promise that you can save if you switch to their company. How does each company say the same thing?

Different companies can use profiling for the type of driver that earns them a profit. An example of a preferred risk could be a mature driver, a clean driving record, and chooses high deductibles. A customer who matches those parameters will get the preferred rates and is almost guaranteed to save a lot of money.

Consumers who don’t measure up to the “perfect” profile will be quoted a higher premium which leads to business not being written. The ads say “drivers who switch” not “everyone that quotes” save that much money. That is how insurance companies can confidently state the savings. This emphasizes why it is so important to compare as many rates as you can. It’s just too difficult to predict which auto insurance company will provide you with the cheapest rates.

Auto insurance policy coverages for a Jaguar XJR-S

Knowing the specifics of your auto insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Listed below are typical coverages offered by auto insurance companies.

Comprehensive coverage (or Other than Collision) – This coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as falling objects, rock chips in glass, hail damage and hitting a bird. The maximum amount a auto 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 it’s probably time to drop comprehensive insurance.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for things like doctor visits, pain medications, funeral costs, rehabilitation expenses and nursing services. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants in addition to any family member struck as a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

Collision coverage – This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for things such as crashing into a building, hitting a mailbox, hitting a parking meter and sideswiping another vehicle. This coverage can be expensive, so you might think about dropping it from older vehicles. It’s also possible to increase the deductible to get cheaper collision coverage.

Uninsured Motorist or Underinsured Motorist insurance – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your Jaguar XJR-S.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Liability car insurance – This coverage will cover damages or injuries you inflict on a person or their property in an accident. This coverage protects you from claims by other people, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 50/100/50 which means a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability can pay for things such as medical expenses, repair costs for stationary objects, emergency aid, repair bills for other people’s vehicles and attorney fees. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

In the end, you save

Cheaper Jaguar XJR-S insurance is available on the web and with local insurance agents, and you should be comparing both to have the best rate selection. There are still a few companies who do not offer online price quotes and most of the time these smaller companies sell through independent agents.

When you buy insurance online, it’s very important that you do not reduce coverage to reduce premium. There are many occasions where an insured cut uninsured motorist or liability limits only to regret at claim time that their decision to reduce coverage ended up costing them more. The proper strategy is to purchase a proper amount of coverage at the best price, not the least amount of coverage.