Cheap Jaguar XK Insurance in Lubbock

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Insurance rates Jaguar XK in LubbockHow many years has it been since you compared more affordable insurance rates in Lubbock, TX? Lubbock consumers have options when looking for the lowest priced Jaguar XK insurance. They can either waste time driving around getting price quotes or leverage the internet to make rate comparisons. There are both good and bad ways to compare insurance rates so you're going to learn the absolute fastest way to compare rates for a new or used Jaguar and get the best price possible either online or from Lubbock insurance agents.

It's well known that auto insurance companies don't want policyholders to shop around. Insureds who shop around for a cheaper policy will presumably move their business because there is a good chance of finding more affordable rates. A study showed that people who compared price quotes annually saved $865 annually compared to drivers who never shopped around for better prices.

If finding discount rates on car insurance is why you're here, then understanding how to find and compare cheaper coverage can help you succeed in finding affordable rates.

You should make it a habit to price shop coverage yearly since rates change frequently. Even if you think you had the lowest rate on Jaguar XK insurance in Lubbock a few years ago other companies may now be cheaper. There are lots of tips to save on XK insurance on the web, but by reading this article, you're going to learn some great ways to buy insurance cheaper in Lubbock.

Choosing the most cost-effective auto insurance policy in Lubbock is actually quite easy if you know where to start. If you already have coverage, you should be able to shop for the lowest rates using these methods. Consumers only need to know how to buy auto insurance instantly.

Get Cheaper Insurance Costs by Understanding These Factors

Lots of factors are taken into consideration when premium rates are determined. Some are obvious such as your driving history, although some other factors are less obvious like where you live or how safe your car is. Smart consumers have a good feel for the rating factors that help determine the price you pay for auto insurance. When you know what positively or negatively positively or negatively impacts your premiums, this empowers consumers to make smart changes that could result in better auto insurance rates.

  • Drive a safer car and pay less - Vehicles with good safety scores tend to have better insurance rates. Vehicles engineered for safety reduce occupant injuries and fewer serious injuries means your insurance company pays less passed on to you as lower rates.
  • Discounts for multiple policies - The majority of auto insurance companies apply better rates to insureds who consolidate policies with them such as combining an auto and homeowners policy. Even with this discount applied, it's always a smart idea to comparison shop to guarantee you are still saving the most. You may still save even more than the discount by buying auto insurance from a different company.
  • The more you drive the more you pay - The more miles you rack up on your Jaguar in a year's time the more you'll pay to insure your vehicle. A lot of insurance companies apply a rate based on their usage. Vehicles used primarily for pleasure use qualify for better rates than those used for commuting. Having the wrong rating on your XK may be costing you higher rates. It's always a good idea to double check that your policy correctly shows the correct usage for each vehicle, because it can save money.
  • Costs are impacted by vehicle performance - The type of car you need insurance for makes a substantial difference in your rates. The most favorable rates tend to be for low performance passenger cars, but many other things help determine your insurance rates.

    The chart below assumes a single female driver age 30, full coverage with $500 deductibles, and no discounts or violations. The chart compares Jaguar XK car insurance rates compared to other makes and models that have a range of risk factors.

  • Policy lapses lead to higher auto insurance rates - Letting your insurance expire is a guaranteed way to increase your rates. And not only will insurance be more expensive, not being able to provide proof of insurance will get you fines or a revoked license. You may then be required to file a SR-22 with the Texas DMV.
  • Avoid tickets and save - Careful drivers pay less for auto insurance compared to drivers with tickets. Even a single driving citation may cause rates to rise twenty percent or more. Drivers who have received multiple violations such as DUI or willful reckless driving are required to complete a SR-22 with their state's licensing department in order to legally drive.

    The chart below highlights how traffic violations and at-fault collisions can influence Jaguar XK premium costs for different categories of driver ages. The premiums are based on a single female driver, full coverage, $100 deductibles, and no discounts are applied to the premium.

  • Is your vehicle theft-ready? - Choosing a vehicle with a theft deterrent system can save you a little every year. Theft prevention features such as OnStar, LoJack tracking, and tamper alarms all hinder your vehicle from being stolen.
  • Filing policy claims can cost you - Car insurance companies in Texas award cheaper rates to policyholders who file claims infrequently. If you are the type of insured that files lots of claims you can pretty much guarantee increased rates or even have your policy non-renewed. Insurance coverage is intended to be relied upon for more catastrophic claims.
  • Jaguar XK insurance loss data - Insurers take into consideration historical loss data for every vehicle to help determine the rate you pay. Vehicles that historically have a trend towards higher claim severity or frequency will have higher premium rates.

    The table below shows the insurance loss data used by companies for Jaguar XK vehicles. For each policy coverage type, the claim amount for all vehicles, regardless of manufacturer or model, equals 100. Percentage numbers below 100 mean the vehicle has better than average losses, while numbers above 100 indicate a higher chance of having a claim or tendency to have higher losses.

    Jaguar XK Insurance Loss Statistics
    Specific Jaguar 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
    Statistics from IIHS.org for 2013-2015 Model Years

Rate information and statistics

The coverage information displayed below outlines a range of insurance coverage prices for Jaguar XK models. Having knowledge of how auto insurance policy rates are established can help you make informed coverage decisions.

Jaguar XK Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XK Portfolio 2-Dr Coupe $378 $872 $310 $18 $94 $1,672 $139
XK 2-Dr Coupe $378 $872 $310 $18 $94 $1,672 $139
XK Portfolio 2-Dr Convertible $406 $798 $366 $22 $110 $1,702 $142
XK 2-Dr Convertible $406 $798 $366 $22 $110 $1,702 $142
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Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Rate information does not factor in zip code location which can alter rates noticeably.

Physical damage deductibles

The hardest decision when buying coverage is where should you set your physical damage deductibles. The rates shown below illustrate the price difference when you select higher and lower physical damage deductibles. The first set of rates uses a $250 deductible for comp and collision and the second price grid uses a $500 deductible.

Jaguar XK insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XK Portfolio 2-Dr Coupe $484 $1026 $324 $20 $96 $1,975 $165
XK 2-Dr Coupe $484 $1026 $324 $20 $96 $1,975 $165
XK Portfolio 2-Dr Convertible $522 $938 $382 $22 $114 $2,003 $167
XK 2-Dr Convertible $522 $938 $382 $22 $114 $2,003 $167
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Jaguar XK insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XK Portfolio 2-Dr Coupe $394 $828 $324 $20 $96 $1,662 $139
XK 2-Dr Coupe $394 $828 $324 $20 $96 $1,662 $139
XK Portfolio 2-Dr Convertible $424 $756 $382 $22 $114 $1,698 $142
XK 2-Dr Convertible $424 $756 $382 $22 $114 $1,698 $142
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Rates do not factor in garaging location in Lubbock which can influence insurance rates greatly.

Based on the above data, using a $250 deductible costs about $25 more each month or $300 every year averaged for all XK models than choosing the higher $500 deductible. Because you would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you usually have at least 10 months between claim filings, you would probably be better off going with the higher deductible.

The chart below demonstrates how deductibles and can raise or lower Jaguar XK insurance costs for different age categories. The data is based on a single female driver, full coverage, and no additional discounts are factored in.

Don't overlook these Jaguar XK insurance discounts

The cost of insuring your cars can be expensive, but there are discounts available that may help make it more affordable. A few discounts will be applied at the time of quoting, but a few must be manually applied before you will receive the discount.Discount auto insurance

  • New Car Discount - Putting insurance coverage on a new XK can save up to 30% compared to insuring an older model.
  • First Accident Forgiveness - This one isn't a discount, but companies like Liberty Mutual, Allstate and State Farm will turn a blind eye to one accident without raising rates if you have no claims prior to being involved in the accident.
  • Paperwork-free - Some insurance companies may give you up to $50 shop Lubbock auto insurance on the web.
  • Membership in Organizations - Having an affiliation with a professional or civic organization can get you a small discount when getting a Lubbock auto insurance quote.
  • Use Seat Belts - Forcing all vehicle occupants to buckle up can save 10% or more on medical payment and PIP coverage.
  • Discounts for Responsible Drivers - Insureds who avoid accidents may receive a discount up to 45% than drivers with accident claims.
  • Driver Education Discount - It's a good idea to have your young drivers enroll in driver's education in high school.

A little disclaimer on discounts, some of the credits will not apply to all coverage premiums. Most only reduce specific coverage prices like comprehensive or collision. If you do the math and it seems like adding up those discounts means a free policy, company stockholders wouldn't be very happy.

The information below shows the difference between Jaguar XK insurance premiums with and without discounts applied to the policy premium. The rates are based on a male driver, no accidents, no driving violations, Texas state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, multi-car, safe-driver, multi-policy, and marriage discounts applied.

Some companies who might offer some of the above discounts possibly include:

When quoting, ask every insurance company how many discounts you can get. Some of the earlier mentioned discounts might not apply in your state. If you would like to see a list of insurers with discount auto insurance rates in Lubbock, click here.

The best rates come from being thorough

When searching for affordable Lubbock auto insurance quotes, make sure you don't skimp on critical coverages to save a buck or two. In too many instances, consumers will sacrifice comprehensive coverage or liability limits only to regret at claim time that they should have had better coverage. Your strategy should be to buy enough coverage at the best cost.

In this article, we presented a lot of ways to compare Jaguar XK insurance premium rates in Lubbock. The most important thing to understand is the more rate quotes you have, the better likelihood of getting low cost Lubbock auto insurance quotes. Drivers may even discover the lowest premium rates are with the smaller companies.

Cheap Jaguar XK insurance in Lubbock is attainable on the web in addition to many Lubbock insurance agents, and you should compare rates from both in order to have the best price selection to choose from. Some insurance providers do not offer the ability to get a quote online and these small, regional companies prefer to sell through independent agents.

How to buy cheaper Jaguar XK insurance in Lubbock

The best way we recommend to find cheaper Jaguar XK insurance in Lubbock is to start comparing prices yearly from companies who can sell car insurance in Texas.

  1. Spend some time learning about how auto insurance works and the factors you can control to keep rates down. Many policy risk factors that increase rates like your driving record and a less-than-favorable credit history can be rectified by making minor changes to your lifestyle.
  2. Compare price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive and State Farm, while independent agents can provide prices for many different companies.
  3. Compare the price quotes to your current policy premium to see if cheaper XK coverage is available in Lubbock. If you find a lower rate and decide to switch, ensure coverage does not lapse between policies.
  4. Notify your company or agent to cancel your current policy. Submit a down payment along with a signed application to the new company. As soon as you receive it, keep the new certificate verifying coverage in an accessible location in your vehicle.

One important bit of advice is that you use similar coverage information on every quote request and and to get price quotes from as many companies as you can. Doing this provides a fair price comparison and a thorough selection of prices.

Additional detailed information is available at these sites: