Save Money on Jaguar XK Insurance in Raleigh

A recent NerdWallet.com study revealed that the vast majority of drivers kept their policy with the same company for at least four years, and nearly 40% of drivers have never even compared rates from other companies. Many drivers in the United States could save themselves roughly 47% a year by just shopping around, but most just don’t grasp the large savings they would see if they switched to a more affordable policy.

It takes a few minutes, but the best way to find better pricing on Jaguar XK insurance is to compare quotes once a year from companies who can sell car insurance in Raleigh. You can compare prices by following these guidelines.

• First, spend a few minutes and learn about how companies price auto insurance and the things you can control to prevent expensive coverage. Many things that cause rate increases such as traffic violations and a less-than-favorable credit rating can be controlled by making lifestyle changes or driving safer.
• Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like Progressive or Allstate, while agents who are independent can quote rates from many different companies.
• Third, compare the new rate quotes to your current policy to see if cheaper XK coverage is available. If you find a better price and change companies, ensure coverage does not lapse between policies.
• Fourth, provide notification to your current agent or company of your decision to cancel your existing policy and submit any necessary down payment along with the completed application for your new coverage. When you receive it, put the new proof of insurance paperwork in your glove compartment.

An essential thing to point out is to try to compare the same amount of coverage on each quote and and to get prices from all possible companies. This enables a level playing field and a complete price analysis.

This information will introduce you to the best ways to compare prices and some money-saving tips. If you have insurance now, you will surely be able to save money using the ideas presented in this article. But North Carolina drivers must learn how companies set your policy premium and use it to find better rates.

Rates and information analytics

The price information shown below covers different insurance costs for Jaguar XK models. Understanding more about how auto insurance prices are determined can be valuable when making informed decisions when comparing rate quotes.

Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Table data does not factor in specific location which can increase or decrease coverage rates substantially.

Policy deductible comparison

The hardest decision when buying coverage is which comprehensive and collision deductibles to buy. The figures shown below outline how much more rates are between low and high deductibles. The first set of prices uses a $100 deductible and the second rate table uses a $1,000 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Rate quotes do not factor in specific garaging location which can alter auto insurance rates greatly.

We can estimate from the data above that using a $100 deductible costs about $46 more each month or $552 every year across all Jaguar XK models than choosing the higher $1,000 deductible. Because you would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you have more than 20 months between claim filings, you would probably be better off by going with a higher deductible.

Violations and accidents raise rates

The chart below shows how violations and accidents can drive up Jaguar XK premium costs for different age groups. The rates are based on a single female driver, full physical damage coverage, $250 deductibles, and no additional discounts are factored in.

Premiums by gender and age

The information below illustrates the comparison of Jaguar XK insurance prices for male and female drivers. The costs are based on a clean driving record, no at-fault accidents, full physical damage coverage, $500 deductibles, marital status is single, and no additional discounts are factored in.

Informed Decisions Result in Lower Insurance Prices

It’s important that you understand some of the factors that help calculate the level of your policy premiums. If you know what determines base rates, this empowers consumers to make smart changes that can help you get much lower annual insurance costs. Many different elements are used in the calculation when quoting car insurance. Most are fairly basic like your driving record, although some other factors are more transparent like your continuous coverage or how safe your car is.

The list below includes a partial list of the pieces used by your company to calculate rates.

• Teen drivers pay high rates – More mature drivers tend to be more responsible, cost insurance companies less in claims, and are generally more financially stable. Young drivers are known to be inattentive and easily distracted when at the wheel of a vehicle therefore insurance rates are much higher.

  The data below is based on a single driver, full coverage with $1000 deductibles, and no discounts or violations.

• How much liability insurance – The liability section of your policy is the coverage that protects you if you are found liable for causing damage or personal injury in an accident. Your policy’s liability insurance provides for a legal defense up to the limits shown on your policy. It is affordable coverage when compared with rates for comp and collision, so drivers should buy more than the minimum limits required by law.
• Rates can drop if you have more than one policy – Some insurance companies allow discounts to policyholders who have multiple policies with them. It’s known as a multi-policy discount. Even if you’re getting this discount it’s in your best interest to compare Jaguar XK rates in Raleigh to make sure you are getting the best deal. You may still be able to find better rates by buying from different companies
• Your location is important – Choosing to live in small towns and rural areas can be a good thing if you are looking for the lowest rates. City drivers have more traffic problems and more time behind the wheel. Lower population means a lower chance of having an accident and a lower car theft rate.
• Too many insurance claims will drive rates up – If you are the type of insured that files lots of claims you shouldn’t be surprised to get higher rates. Companies in North Carolina generally give most affordable rates to policyholders who are not frequent claim filers. Insurance coverage is intended to be relied upon for the large, substantial claims.

• Jaguar XK historical loss data – Insurance companies factor in historical loss data in order to profitably underwrite each model. Vehicles that tend to have higher prevalence or dollar amount of losses will have higher rates for specific coverages. The table below illustrates the actual insurance loss data for Jaguar XK vehicles.

  For each insurance policy coverage type, the claim amount for all vehicles averaged together equals 100. Percentage numbers below 100 imply a favorable loss record, while values that are above 100 indicate frequent claims or a tendency for claims to be larger.

  
  

  Car Insurance Loss Data for Jaguar XK Models

  Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Jaguar XK 2dr	167
  Jaguar XK Convertible	119

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

In Summary

A few companies do not offer the ability to get a quote online and usually these small insurance companies only sell through local independent agencies. More affordable car insurance in Raleigh can be purchased from both online companies and also from your neighborhood Raleigh agents, so compare prices from both so you have a total pricing picture.

Consumers switch companies for a number of reasons such as extreme rates for teen drivers, high rates after DUI convictions, delays in paying claims and questionable increases in premium. No matter why you want to switch, finding a great new company can be easier than you think.

In this article, we covered some good ideas how you can reduce Jaguar XK insurance premium rates online in Raleigh. The key thing to remember is the more price quotes you have, the more likely it is that you will get a better rate. You may even find the most savings is with a lesser-known regional company.

More information

• State Car Insurance Guides (GEICO)
• How Much is Auto Insurance for a Nissan Altima in Raleigh? (FAQ)
• Who Has Cheap Raleigh Auto Insurance Quotes for a 20 Year Old Male? (FAQ)
• Who Has Cheap Auto Insurance for Single Moms in Raleigh? (FAQ)
• How Much is Car Insurance for Drivers Under 25 in Raleigh? (FAQ)
• Who Has Cheap Auto Insurance Rates for a Jeep Grand Cherokee in Raleigh? (FAQ)
• Rental Reimbursement Coverage (Allstate)
• Airbag FAQ (iihs.org)
• When is the Right Time to Switch Car Insurance Companies? (Allstate)