If your goal is the lowest price, then the best way to get low-cost Jaguar XJ insurance is to compare prices at least once a year from different companies who sell insurance in Memphis.
- Try to understand the different coverages in a policy and the changes you can make to lower rates. Many policy risk factors that are responsible for high rates such as speeding tickets, accidents and an unacceptable credit score can be eliminated by making small lifestyle or driving habit changes.
- Compare rates from direct, independent, and exclusive agents. Direct and exclusive agents can only give rate quotes from a single company like Progressive or Farmers Insurance, while independent agencies can quote prices from multiple sources. View companies
- Compare the new rates to the price on your current policy to see if switching to a new carrier will save money. If you can save money, make sure there is no coverage gap between policies.
- Give proper notification to your current agent or company of your intent to cancel your existing policy. Submit the completed application along with a down payment to your new insurance company. As soon as you receive it, safely store the certificate of insurance with your vehicle’s registration.
One piece of advice is that you’ll want to compare the same amount of coverage on each quote and and to look at as many different insurance providers as possible. Doing this enables an apples-to-apples comparison and a complete price analysis.
Unfortunately, a large majority of drivers kept their coverage with the same auto insurance company for four years or more, and nearly the majority have never compared auto insurance rates at all. Memphis insurance shoppers can save hundreds of dollars each year just by shopping around, but they think it’s difficult to find lower-cost insurance by shopping around.
If you have insurance now or are looking for a new policy, use these cost-cutting techniques to lower your rates while maximizing coverage. Locating the most cost-effective insurance policy in Memphis is not rocket science. Drivers only have to learn the most efficient way to find the lowest price from many different companies.
Most larger insurance companies like GEICO, State Farm and Progressive allow you to get coverage prices on their websites. Getting online quotes for Jaguar XJ insurance in Memphis is very simple as you just enter the amount of coverage you want into a form. After you complete the form, the quote system orders your driving record and credit report and generates a price based on the data you entered. Quoting online for Jaguar XJ insurance in Memphis simplifies rate comparisons, and it’s very important to have as many quotes as possible if you are searching for cheap rates.
In order to compare pricing, compare rates from the companies below. If you currently have coverage, we recommend you complete the form with the limits and deductibles identical to your current policy. Using the same limits helps guarantee you will be getting a rate comparison using the same coverage and limits.
The companies shown below are our best choices to provide free quotes in Tennessee. To locate the best auto insurance in TN, it’s a good idea that you visit as many as you can to get a more complete price comparison.
Reduce your auto insurance rates with discounts
The price of auto insurance can be rather high, but you might find some hidden discounts that can drop the cost substantially. Certain discounts will be applied at the time of purchase, but once in a while a discount must be manually applied before they will apply.
- Save over 55 – If you qualify as a senior citizen, you could receive a small decrease in premiums.
- Accident Waiver – This one is not really a discount per se, but companies like Progressive, Allstate, and GEICO will allow you to have one accident before hitting you with a surcharge if your claims history is clear for a specific time period.
- Drivers Ed for Students – Cut your cost by having your teen driver take driver’s ed class if it’s offered in school.
- Bundled Policy Discount – If you insure your home and vehicles and place coverage with the same company they may give you a discount of as much as 10 to 15 percent.
- Passive Restraints – Factory air bags or motorized seat belts could see savings up to 30%.
- ABS Brakes – Cars with ABS braking systems or traction control prevent accidents and will save you 10% or more on XJ insurance in Memphis.
Don’t be shocked that most credits do not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like medical payments or collision. Even though it appears you would end up receiving a 100% discount, insurance companies wouldn’t stay in business.
The information below illustrates the comparison of Jaguar XJ auto insurance costs with and without discounts applied to the premium. The premium estimates are based on a female driver, no accidents, no driving violations, Tennessee state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, claim-free, safe-driver, multi-policy, and marriage discounts applied.
To see companies that offer the discounts shown above in Tennessee, click here.
Analysis of Jaguar XJ rates
The premium table displayed below covers different insurance coverage prices for Jaguar XJ models. Having a better idea how policy premiums are calculated can be of help when making smart choices when selecting a coverage provider.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|XJ SWB 4-Dr Sedan||$236||$510||$304||$18||$90||$1,158||$97|
|XJ LWB 4-Dr Sedan||$256||$562||$304||$18||$90||$1,230||$103|
|Get Your Own Custom Quote Go|
Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Prices do not factor in zip code location which can increase or decrease rates substantially.
The diagram below demonstrates how choosing different deductibles and can increase or decrease Jaguar XJ yearly insurance costs for each different age group. The data is based on a married female driver, comp and collision included, and no discounts are taken into consideration.
Tickets and at-fault accidents raise rates
The chart below highlights how speeding tickets and accident claims can impact Jaguar XJ insurance costs for different age groups of insureds. The prices are based on a married female driver, comp and collision included, $100 deductibles, and no discounts are applied to the premium.
Cost difference between full coverage and liability
The chart below shows the comparison of Jaguar XJ annual premium costs with full coverage and liability only. The premiums assume a clean driving record, no claims, $1,000 deductibles, single marital status, and no additional discounts are factored in.
Guidelines for dropping full coverage
There is no clear-cut formula of when to phase out comp and collision coverage, but there is a general guideline. If the yearly cost of comp and collision coverage is more than 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.
For example, let’s say your Jaguar XJ claim settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $8,000 after paying your policy deductible. If you are paying more than $800 a year to have full coverage, then you might want to consider buying only liability coverage.
There are a few situations where only buying liability is not advised. If you haven’t paid off your loan, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not consider dropping full coverage.
How do Insurance Providers Determine Jaguar XJ Insurance Prices?
When buying car insurance it’s important to understand the different types of things that are used to determine your premiums. If you have some idea of what influences your rates, this helps enable you to make changes that could help you find cheaper rates. Many different elements are taken into consideration when pricing auto insurance. Some of the criteria are obvious like an MVR report, but other factors are more transparent such as whether you are married or how safe your car is.
Do you need those incidental coverages? – There are quite a few add-on coverages that you can buy when buying car insurance. Add-on coverages like vanishing deductibles, better glass coverage, and term life insurance are examples of these. The coverages may be enticing when talking to your agent, but if you don’t need them think about removing them and cutting costs.
What type of car do you drive? – The type of vehicle you own makes a big difference in the rate you pay. Lower performance four cylinder passenger models usually are quite affordable to insure, but the cost you end up paying is determined by many additional factors.
The following chart uses these variables: married female driver age 40, full coverage with $250 deductibles, and no discounts or violations. The chart compares Jaguar XJ car insurance rates compared to other models of vehicles that have a range of performance rating factors.
Men pay more for insurance coverage – The statistics show that females tend to be a little less risky than males. However, don’t assume that women are BETTER drivers than men. Both sexes get in at-fault accidents at about the same rate, but males tend to have higher claims. In addition to higher claims, males also get more serious tickets such as DWI and reckless driving.
The chart below illustrates the comparison of Jaguar XJ auto insurance costs for male and female drivers. The premiums assume no accidents, no driving violations, full physical damage coverage, $1,000 deductibles, drivers are not married, and no policy discounts are applied.
How old are your drivers? – Older people are proven to be safer behind the wheel, statistically cause fewer accidents, and get fewer tickets. Inexperience drivers are statistically proven to get distracted easily when behind the wheel so they pay higher car insurance rates.
The following chart uses these variables: single driver, full coverage with $1000 deductibles, and no discounts or violations.
Keep the miles off and save – Driving more miles each year the higher the price you pay to insure it. Almost all companies rate vehicles based on their usage. Cars and trucks left parked in the garage cost less to insure than those used for commuting. A policy that improperly rates your XJ may be wasting your money. Make sure your car insurance policy reflects the proper vehicle usage, because improper ratings can cost you money.
Raise deductibles and save – Physical damage insurance, also called ‘full coverage’, is used to repair damage to your vehicle. Some examples of covered claims would be running into the backend of another car, vandalism, and windstorm damage. Physical damage deductibles define the amount you are required to pay in the event of a claim. The more of the claim you’re willing to pay, the bigger discount you will receive.
Small claims can cost you – If you’re an insured who likes to file claims you can look forward to either policy cancellation or increased premiums. Auto insurance companies in Tennessee provide the lowest premiums to insureds who only file infrequent claims. Your insurance policy is meant to be used in the event of larger claims.
Occupation can influence premiums – Do you work in a high-stress field? Jobs such as real estate brokers, architects, and emergency personnel tend to have higher premiums than the average policyholder because of high stress levels and lengthy work days. Other professions such as actors, engineers and homemakers get better rates.
Jaguar XJ insurance loss probability – Insurers use claims history to help determine the rate you pay. Models that tend to have higher number or severity of losses will have a higher cost to insure. The table below demonstrates the loss history for Jaguar XJ vehicles.
For each policy coverage type, the claim amount for all vehicles compiled together is equal to 100. Percentage numbers below 100 suggest a better than average loss history, while values over 100 indicate frequent claims or statistically larger claims.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Jaguar XJ 4dr 2WD||254|
|Jaguar XJ 4dr 4WD||169||236|
|Jaguar XJ 4dr LWB 2WD||210||88||149|
|Jaguar XJ 4dr LWB 4WD||238||198|
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years