2003 Jaguar XK-Series Insurance Quotes – 10 Tricks for Cheaper Rates

Are you overwhelmed by the dozens of insurance coverage options? You’re not alone. Drivers have so many options available that it can quickly become a challenge to find better rates.

These ten discounts can slash insurance rates

Companies do not advertise all their discounts very well, so we break down both the well known as well as the least known savings tricks you should be using.

  • Defensive Driving Course – Successfully completing a defensive driving course could cut 5% off your bill if your company offers it.
  • Employee of Federal Government – Being employed by or retired from a federal job can save as much as 8% for XK-Series coverage with certain companies.
  • Military Discounts – Being deployed with a military unit could mean lower rates.
  • Passive Restraints – Vehicles equipped with air bags can receive discounts of up to 25% or more.
  • Multi-car Discount – Insuring more than one vehicle on one policy may reduce the rate for each vehicle.
  • Fewer Miles Equal More Savings – Driving fewer miles could be rewarded with a substantially lower rate.
  • Club Memberships – Participating in certain professional organizations could trigger savings when buying insurance for XK-Series coverage.
  • Pay Upfront and Save – If you pay your bill all at once rather than paying monthly you may reduce your total bill.
  • Sign Online – A few companies will discount your bill up to fifty bucks for buying your policy over the internet.
  • Auto/Home Discount – When you combine your home and auto insurance with one company you could get a discount of up to 20% off your total premium.

As a disclaimer on discounts, most of the big mark downs will not be given the the whole policy. Some only apply to individual premiums such as physical damage coverage or medical payments. So even though it sounds like you would end up receiving a 100% discount, you won’t be that lucky.

To see a list of providers offering insurance discounts, click this link.

When might I need the advice of an agent?

When it comes to choosing the best insurance coverage coverage for your personal vehicles, there isn’t really a perfect coverage plan. Your needs are not the same as everyone else’s.

For example, these questions can help discover whether or not you could use an agent’s help.

  • When should I drop full coverage on my 2003 Jaguar XK-Series?
  • How much liability do I need to cover my assets?
  • Does my policy pay for OEM or aftermarket parts?
  • Are my tools covered if they get stolen from my vehicle?
  • How high should deductibles be on a 2003 Jaguar XK-Series?
  • How do I insure my teen driver?
  • Am I covered if hit by an uninsured driver?
  • Am I covered when delivering products for my home-based business?
  • When does my teenage driver need to be added to my policy?

If you can’t answer these questions but one or more may apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, take a second and complete this form.

Drivers who switch save $413 a year? Really?

Insurance coverage providers like Progressive, Geico, Allstate and State Farm consistently run ads in print and on television. They all make an identical promise that you’ll save big if you change to their company. How do they all make almost identical claims?

Different companies are able to cherry pick for the type of driver that is profitable for them. An example of a preferred risk might be between the ages of 40 and 55, has no prior claims, and drives less than 10,000 miles a year. A customer getting a price quote who meets those qualifications gets the lowest rates and as a result will probably save when they switch companies.

Potential insureds who fall outside this ideal profile will have to pay a higher premium which usually ends up with business not being written. The ad wording is “people who switch” not “everyone that quotes” save that kind of money. That’s why insurance companies can state the savings. Because of the profiling, you should get a wide range of price quotes. It is impossible to predict the company that will fit your personal profile best.

Auto insurance coverages 101

Having a good grasp of your policy helps when choosing the right coverages for your vehicles. Auto insurance terms can be confusing and reading a policy is terribly boring.

Liability auto insurance

This can cover damages or injuries you inflict on a person or their property that is your fault. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 25/50/25 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers things such as repair bills for other people’s vehicles, legal defense fees, repair costs for stationary objects and emergency aid. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Auto collision coverage

This coverage will pay to fix damage to your XK-Series resulting from colliding with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage protects against things such as sideswiping another vehicle, rolling your car, scraping a guard rail, damaging your car on a curb and hitting a mailbox. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to bring the cost down.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses like funeral costs, hospital visits and surgery. They are often used in conjunction with a health insurance program or if you do not have health coverage. They cover both the driver and occupants and will also cover being hit by a car walking across the street. PIP is not an option in every state and gives slightly broader coverage than med pay

Comprehensive auto coverage

Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as a broken windshield, hail damage and a tree branch falling on your vehicle. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants 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. For this reason, having high UM/UIM coverages is important protection for you and your family.

Make an honest buck

While you’re price shopping online, it’s not a good idea to skimp on critical coverages to save a buck or two. There are too many instances where someone dropped collision coverage only to regret that it was a big mistake. Your aim should be to find the BEST coverage for the lowest price while not skimping on critical coverages.

We’ve covered a lot of information how to get a better price on 2003 Jaguar XK-Series insurance. The most important thing to understand is the more rate comparisons you have, the better likelihood of reducing your rate. You may even discover the most savings is with a lesser-known regional company.

Insureds change insurance companies for a variety of reasons including high prices, not issuing a premium refund, high rates after DUI convictions and even lack of trust in their agent. It doesn’t matter why you want to switch finding a great new company is not as difficult as it may seem.

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