2011 Land Rover LR2 Insurance Rates – 6 Ways to Save

Searching for cheaper auto insurance rates for your Land Rover LR2? If you’re new to shopping for auto insurance online, you may be confused by the hoards of companies vying for business.

Discounts can save BIG

Insurance can cost an arm and a leg, but discounts can save money and there are some available to help offset the cost. Certain discounts will be triggered automatically at quote time, but less common discounts must be asked about before you will receive the discount.

  • Lower Rates for Military – Being deployed with a military unit may qualify for rate reductions.
  • Discount for New Cars – Putting insurance coverage on a new car can save up to 30% since new cars are generally safer.
  • No Charge for an Accident – Some insurance companies will forgive one accident before raising your premiums if your claims history is clear prior to the accident.
  • Homeowners Savings – Simply owning a home may trigger a insurance coverage policy discount because owning a home shows financial diligence.
  • Auto/Home Discount – When you have multiple policies with one company you could get a discount of at least 10% off all policies.
  • Use Seat Belts – Using a seat belt and requiring all passengers to use their safety belts could cut 10% or more off your medical payments premium.

Keep in mind that most of the big mark downs will not be given the the whole policy. Most only cut specific coverage prices like comprehensive or collision. So even though it sounds like adding up those discounts means a free policy, companies wouldn’t make money that way. Any qualifying discounts will cut the amount you have to pay.

For a list of companies offering insurance coverage discounts, click here.

Save 15 percent in 15 minutes? Is it for real?

Car insurance companies such as State Farm, Allstate and Geico regularly use ads in print and on television. They all seem to make the same claim about savings if you move to their company. But how can every company make the same claim?

All the different companies have a certain “appetite” for the right customer they prefer to insure. For instance, a driver they prefer might be profiled as between the ages of 30 and 50, has no prior claims, and has a short commute. A driver who fits that profile is entitled to the best price and most likely will save when switching.

Potential insureds who don’t qualify for this ideal profile must pay higher premiums and this can result in business going elsewhere. The ads state “customers that switch” not “everyone that quotes” save money. That’s why insurance companies can confidently claim big savings.

This illustrates why you absolutely need to compare as many rates as you can. You cannot predict which company will give you the biggest savings on Land Rover LR2 insurance.

Will just any policy work for me?

When buying the best insurance coverage coverage, there really is no single plan that fits everyone. Your needs are not the same as everyone else’s.

For instance, these questions can aid in determining if your situation may require specific advice.

  • What are the financial responsibility laws in my state?
  • Is my camper covered by my car insurance policy?
  • What is covered by UM/UIM coverage?
  • Does my 2011 Land Rover LR2 need full coverage?
  • What is UM/UIM insurance?
  • Should I carry comprehensive and collision coverage?
  • Is business equipment covered while in my vehicle?
  • How can I find cheaper teen driver insurance?

If you don’t know the answers to these questions then you might want to talk to an insurance agent. If you don’t have a local agent, simply complete this short form.

Educate yourself about insurance coverages

Learning about specific coverages of your insurance policy helps when choosing which coverages you need and proper limits and deductibles. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.

Auto liability – Liability coverage will cover damages or injuries you inflict on other’s property or people that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Some companies may use one number which is a combined single limit which limits claims to one amount without having the split limit caps.

Liability insurance covers things such as repair costs for stationary objects, medical expenses, legal defense fees and structural damage. How much liability coverage do you need? That is up to you, but you should buy as high a limit as you can afford.

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your 2011 Land Rover LR2.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually the UM/UIM limits are set the same as your liablity limits.

Collision coverage – Collision coverage will pay to fix damage to your LR2 caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for things like hitting a parking meter, scraping a guard rail, driving through your garage door, hitting a mailbox and backing into a parked car. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Comprehensive coverages – Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as hail damage, vandalism, fire damage, falling objects and hitting a bird. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for medical payments – Med pay and PIP coverage provide coverage for immediate expenses such as hospital visits, chiropractic care and doctor visits. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants in addition to if you are hit as a while walking down the street. PIP is not universally available and may carry a deductible

More quotes mean more savings

As you prepare to switch companies, don’t be tempted to buy less coverage just to save a little money. There are many occasions where an insured dropped uninsured motorist or liability limits and discovered at claim time that it was a big error on their part. The ultimate goal is to purchase a proper amount of coverage for the lowest price, not the least amount of coverage.

The cheapest 2011 Land Rover LR2 insurance is definitely available from both online companies as well as from independent agents, and you need to comparison shop both in order to have the best price selection to choose from. Some insurance coverage companies don’t offer the ability to get a quote online and most of the time these smaller companies sell through independent agents.

We just showed you some good ideas how to get a better price on insurance. The key thing to remember is the more companies you get rates for, the better your chances of lowering your rates. Consumers may even find the lowest premiums are with a small local company.

Much more information about insurance coverage can be found below: