Cheaper 2020 Jaguar XE Car Insurance Cost in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Apr 29, 2024

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Overpriced Jaguar XE insurance can drain your savings account and make it impossible to make ends meet. Getting a rate comparison is a fast and free way to make sure you’re not throwing money away.

You have so many insurance companies to purchase coverage from, and even though it’s nice to have a choice, more options can take longer to find the best rates.

Smart consumers take time to compare premium rates every six months because prices tend to go up over time. Even if you got the lowest rate on XE insurance two years ago other companies may now be cheaper. Forget all the misinformation about auto insurance because you’re about to learn how to use online quotes to find the best coverage while lowering your premiums.

The cheapest insurance rate quotes

To find cheaper insurance coverage quotes, there are several ways to compare quotes from different insurance companies. By far the easiest way to do a complete rate comparison is to get quotes online. This can be done in a couple of different ways.

  1. If you’re in a hurry, the quickest way consumers can make multiple comparisons is to use a rate comparison form. This method saves time by eliminating separate quote forms for each company you want a rate for. One form submission gets coverage cost estimates from multiple low-cost companies.
  2. A more difficult way to analyze rates is to manually visit the website of each company and fill out a new quote form. For instance, we’ll assume you want to see prices from Nationwide, State Farm and Progressive. You would have to go to each individual site and enter your information, and that explains why we recommend the first method.
  3. The final way to compare rates is calling or driving to each insurance agency near you. Shopping for insurance online makes this unnecessary unless you want the trained guidance of a local agency. Although, it is possible obtain prices from the web but buy the policy through an agent.

Take whichever approach you prefer, but be sure you’re using apples-to-apples coverage limits on every price quote you get. If you enter different values for each quote it will be next to impossible to determine the lowest rate for your Jaguar XE. Just slight variations in insurance coverages can make a big difference in price. And when price shopping your coverage, getting more free quotes helps locate a lower rate than you’re paying now.

Can you really save $489 a year?

Companies like GEICO, State Farm and Progressive consistently run ads on television and other media. All the companies make the same claim about how much you will save if you get a free insurance coverage quote and switch your coverage to them. How does every insurance company charge you less for car insurance? It’s all in the wording.

Insurance providers have specific guidelines for the right customer that earns them the most money. For instance, this type of insured may be between the ages of 30 and 50, carries full coverage, and drives a safe vehicle. A customer who matches those parameters will most likely get cheap premium rates and therefore will save a lot of money.

People who fall outside the “perfect” profile will probably be forced to pay higher prices and ends up with the driver buying from a lower-cost company. The trick companies use is to say “people who switch” not “everyone who quotes” save that kind of money. That is how insurance companies can confidently claim big savings. This emphasizes why you should get a wide range of price quotes. It’s impossible to know which insurance company will have the lowest prices for your situation.

Smart consumers can cut insurance costs

Consumers need to have an understanding of some of the elements that are used to determine auto insurance rates. If you have some idea of what influences your rates, this empowers consumers to make smart changes that can earn you lower rates.

The itemized list below are just a few of the factors utilized by car insurance companies to help set your prices.

  • Better drivers pay better prices – Even a single speeding ticket or other violation can boost insurance rates forty percent or more. Drivers with clean records pay lower auto insurance prices as compared to those with violations. Drivers unfortunate enough to have license-revoking violations such as hit and run, DWI or reckless driving convictions may face state-mandated requirements to maintain a SR-22 with their state in order to drive a vehicle legally.
  • Eliminate add-on coverages – Policies have additional extra coverages you can purchase if you don’t pay attention. Insurance for vanishing deductibles, better glass coverage, and membership fees may be wasting your money. They may seem good when talking to your agent, but your money might be better spent on other coverage so think about removing them and cutting costs.
  • Gals tend to be lower risk – Over time, data shows that women are safer drivers than men. That doesn’t necessarily mean that men are WORSE drivers than women. Men and women cause fender benders in similar percentages, but the males have accidents that have higher claims. In addition to higher claims, males also get more serious tickets like DUI and reckless driving. Teenage male drivers are the most expensive to insure and therefore pay the highest rates.
  • How many miles do you drive? – Driving more miles each year the more you’ll pay to insure it. Many insurance companies price each vehicle’s coverage determined by how the vehicle is used. Vehicles left parked in the garage can be on a lower rate level than those used for commuting. An incorrectly rated XE is just wasting money. It’s always a good idea to double check that your declarations sheet shows the right rating data, because it can save money.
  • Youthful vs. experienced drivers – More experienced drivers are proven to be safer behind the wheel, cause fewer claims and accidents and are safer drivers. Drivers with little experience are proven to be less responsible when driving and because of this, their auto insurance rates are much higher.

Lower rates by qualifying for discounts

Insuring your vehicles can cost a lot, but there could be significant discounts that could drop your premiums quite a bit. Some discounts apply automatically when you quote, but some may not be applied and must be inquired about before you will receive the discount. If you don’t get every credit possible, you could be saving more on your auto insurance.

  • Driving Data Discount – Policyholders that allow their auto insurance company to monitor when and where they use their vehicle by using a telematics device in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system could possibly reduce rates if they have good driving habits.
  • Employee of Federal Government – Having worked for a branch of the government can earn a discount up to 10% on XE insurance depending on your auto insurance provider.
  • Air Bag Discount – Vehicles with factory air bags or automatic seat belts can get savings of 20% or more.
  • Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn lower premium rates if you buy a life policy as well.
  • Club Memberships – Belonging to a civic or occupational organization could earn you a nice discount on your bill.
  • Theft Prevention Discount – Vehicles that have factory alarm systems and tracking devices are stolen with less frequency and therefore earn up to a 10% discount.
  • Multi-car Discount – Insuring multiple cars with one company can get a discount on all vehicles.
  • Own a Home and Save – Just being a homeowner may trigger a policy discount on auto insurance due to the fact that maintaining a home requires personal responsibility.
  • Defensive Driving Course – Successfully completing a class that teaches safe driver techniques may get you a small discount and make you a better driver.

As a sidenote, most discount credits are not given to your bottom line cost. Most only cut individual premiums such as comp or med pay. So when it seems like adding up those discounts means a free policy, it doesn’t quite work that way.

Popular auto insurance companies and the discounts they provide can be found below.

  • 21st Century includes discounts for automatic seat belts, early bird, teen driver, anti-lock brakes, and 55 and older.
  • State Farm offers discounts including multiple policy, multiple autos, Steer Clear safe driver discount, driver’s education, safe vehicle, good student, and defensive driving training.
  • AAA has discounts for anti-theft, AAA membership discount, good student, pay-in-full, multi-policy, multi-car, and education and occupation.
  • Liberty Mutual offers premium reductions for exclusive group savings, multi-car, new vehicle discount, new graduate, newly married, preferred payment discount, and newly retired.
  • Progressive policyholders can earn discounts including multi-vehicle, good student, homeowner, continuous coverage, online quote discount, and multi-policy.

When quoting, ask each company which credits you are entitled to. Discounts may not apply to policies in your area. To view companies that offer many of these discounts, enter your zip code here.

Insurance is unique, just like you

When it comes to choosing proper insurance coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Each situation is unique so your insurance should reflect that For example, these questions might point out if your insurance needs could use an agent’s help.

  • Am I covered if I hit a deer?
  • Do I have coverage when making deliveries for my home business?
  • Does coverage extend to Mexico or Canada?
  • How high should my uninsured/underinsured coverage be in my state?
  • What is PIP insurance?
  • Are my tools covered if they get stolen from my vehicle?

If you’re not sure about those questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, simply complete your zip code.

The coverage is in the details

Understanding the coverages of your car insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages offered by car insurance companies.

Liability coverage

This provides protection from damage that occurs to other people or property. It protects you against other people’s claims. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for things like medical expenses, medical services, loss of income and repair costs for stationary objects. How much coverage you buy is up to you, but consider buying as large an amount as possible.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Jaguar XE.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Collision protection

Collision insurance pays for damage to your XE resulting from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things such as sideswiping another vehicle, driving through your garage door and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for rehabilitation expenses, prosthetic devices, doctor visits and dental work. They are often used in conjunction with a health insurance program or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance

This coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as damage from getting keyed, falling objects and fire damage. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Never pay more for less

Throughout this article, we presented a lot of ways to compare 2020 Jaguar XE insurance premium rates online. The key thing to remember is the more you quote insurance coverage, the more likely it is that you will get a better rate. Consumers could even find that the most savings is with a small mutual company. Some small companies may only write in your state and offer lower prices than their larger competitors like GEICO and State Farm.

As you quote insurance coverage, make sure you don’t skimp on critical coverages to save a buck or two. There are too many instances where drivers have reduced liability coverage limits only to regret they didn’t have enough coverage. The ultimate goal is to buy the best coverage you can find at a price you can afford but still have enough coverage for asset protection.

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