Insurance for Jaguar XKDo you want to learn how to find more competitive Jaguar XK insurance in Colorado Springs? I can't think of a single person who likes buying insurance, especially when they are aware that their premiums are through the roof.

Astonishing but true according to a recent study, a large majority of drivers kept their policy with the same company for well over three years, and virtually 40% of consumers have never compared quotes from other companies. With the average insurance premium being $1,813, Colorado drivers could save almost $610 a year by just shopping around, but they just feel it's too hard to find lower-cost insurance by shopping around. Many insurers compete for your hard-earned dollar, so it can be very hard to choose a provider to discover the definitive lowest price on Jaguar XK insurance in Colorado Springs.

If you have a policy now or need a new policy, follow these tips to shop for the lowest rates without reducing protection. Buying affordable car insurance in Colorado Springs is actually quite easy if you know where to start. Smart buyers only have to learn the most time-saving way to shop their coverage around from many companies at once.

Many insurance companies such as Allstate, GEICO and Progressive allow you to get prices for coverage on the web. Getting quotes for Jaguar XK insurance in Colorado Springs is easy for anyone as you simply type in the coverages you want into the form. When the form is submitted, their rating system pulls your driving record and credit report and provides a quote based on these and other factors. This makes it easy to compare insurance prices and it's also necessary to compare as many rates as possible in order to find a lower rate.

To quickly compare rates now, compare rates now from the companies shown below. If you have coverage now, it's recommended you complete the form with your coverages exactly as they are listed on your policy. This helps ensure you're receiving an apples-to-apples comparison for similar coverage.

The companies in the list below offer comparison quotes in Colorado. If several companies are displayed, it's highly recommended you visit two to three different companies to find the cheapest auto insurance rates.

Jaguar XK Insurance Costs in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XK Portfolio 2-Dr Coupe $566 $1130 $392 $24 $118 $2,230 $186
XK 2-Dr Coupe $402 $938 $404 $24 $120 $1,888 $157
XK Portfolio 2-Dr Convertible $534 $1064 $474 $28 $142 $2,242 $187
XK 2-Dr Convertible $256 $534 $396 $24 $118 $1,328 $111
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Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Table data does not factor in specific location information which can alter rates considerably.

Poor driving habits will raise your auto insurance rates

The chart below shows how traffic citations and accidents can increase Jaguar XK yearly insurance costs for different age groups of insureds. The premium estimates are based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.

Deductible analysis

One of the more difficult decisions when buying auto insurance is which comprehensive and collision deductibles to buy. The figures shown below illustrate the differences in price between high and low coverage deductibles. The first set of rates uses a $100 physical damage coverage deductible and the second price chart uses a $500 deductible.

Jaguar XK insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XK Portfolio 2-Dr Coupe $496 $1130 $298 $18 $90 $2,057 $171
XK 2-Dr Coupe $496 $1130 $298 $18 $90 $2,057 $171
XK Portfolio 2-Dr Convertible $536 $1032 $352 $20 $106 $2,071 $173
XK 2-Dr Convertible $536 $1032 $352 $20 $106 $2,071 $173
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Jaguar XK insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XK Portfolio 2-Dr Coupe $362 $764 $298 $18 $90 $1,532 $128
XK 2-Dr Coupe $362 $764 $298 $18 $90 $1,532 $128
XK Portfolio 2-Dr Convertible $392 $698 $352 $20 $106 $1,568 $131
XK 2-Dr Convertible $392 $698 $352 $20 $106 $1,568 $131
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Premium costs do not factor in specific location information which can modify rates noticeably.

We can estimate from the data above that using a $100 deductible will cost you approximately $42 more each month or $504 annually than choosing the higher $500 deductible. Because you would pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to go at a minimum 10 months between claim filings, you would more than likely save some money by going with a higher deductible.

How to calculate when to raise deductibles

Average monthly premium for $100 deductibles: $172
Average monthly premium for $500 deductibles (subtract): - $130
Monthly savings from raising deductible: $42
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $42
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 10 months

Three reasons to insure your XK

Despite the high cost of buying insurance for a Jaguar XK in Colorado Springs, buying auto insurance is required in Colorado but it also protects you in many ways.

First, the majority of states have minimum liability requirements which means you are required to carry a minimum amount of liability in order to get the vehicle licensed. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.

Second, if your car has a lienholder, more than likely the lender will force you to have comprehensive coverage to ensure the loan is repaid in case of a total loss. If you default on your policy, the bank may insure your Jaguar at a more expensive rate and force you to pay for the much more expensive policy.

Third, auto insurance preserves your vehicle and your assets. It will also provide coverage for most medical and hospital costs for yourself as well as anyone injured by you. As part of your policy, liability insurance also pays expenses related to your legal defense if you are named as a defendant in an auto accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will pay to repair the damage.

The benefits of insuring your XK more than offset the price you pay, particularly for liability claims. But the average American driver overpays more than $850 per year so you should quote and compare rates at least once a year to help ensure money is not being wasted.

Auto insurance discounts are available to get cheap rates

Some insurers do not list their entire list of discounts in a way that's easy to find, so the below list has some of the more common and also the lesser-known discounts that you can inquire about if you buy Colorado Springs car insurance online.Auto insurance discounts

Policy discounts save money, but most credits do not apply to the overall cost of the policy. Most only cut individual premiums such as collision or personal injury protection. Just because it seems like you could get a free auto insurance policy, that's just not realistic.

Companies that may offer these benefits possibly include:

When comparing rates, check with each company or agent to apply every possible discount. Some discounts may not apply to policies in your state. To see a list of providers with significant discounts in Colorado Springs, click here to view.

When should I contact a local insurance agent?

Some people just prefer to get advice from a local agent and that is recommended in a lot of cases Agents can help determine the best coverages and help in the event of a claim. One of the best bonuses of comparing insurance prices online is you can get lower prices but still work with a licensed agent. Buying insurance from neighborhood agents is important especially in Colorado Springs.

Colorado Springs insurance agentsTo find an agent, once you fill out this simple form, your insurance coverage information gets sent to insurance agents in Colorado Springs that can provide free Colorado Springs car insurance quotes for your insurance coverage. It's much easier because you don't need to drive around since rate quotes are delivered to your email. If you wish to get a comparison quote for a specific company, just search and find their rate quote page and fill out their quote form.

Finding the right provider requires you to look at more than just the quoted price. Any good agent in Colorado Springs should know the answers to these questions.

Auto insurance coverage information

Having a good grasp of insurance aids in choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and coverage can change by endorsement. Shown next are the normal coverages offered by insurance companies.

Coverage for liability

Liability insurance protects you from damage or injury you incur to people or other property that is your fault. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 25/50/15 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and $15,000 of coverage for damaged property. Some companies may use one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability can pay for things like funeral expenses, pain and suffering, bail bonds and medical services. The amount of liability coverage you purchase is your choice, but consider buying as high a limit as you can afford. Colorado state law requires minimum liability limits of 25/50/15 but you should think about purchasing more liability than the minimum.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance reimburse you for bills like X-ray expenses, ambulance fees and dental work. The coverages can be used in conjunction with a health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Collision protection

This coverage covers damage to your XK caused by collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like crashing into a ditch, rolling your car and colliding with another moving vehicle. This coverage can be expensive, so consider dropping it from lower value vehicles. It's also possible to increase the deductible on your XK to save money on collision insurance.

Comprehensive auto coverage

Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like vandalism, hail damage, fire damage and theft. The most you'll receive from a claim is the ACV or actual cash value, so if the vehicle's value is low it's probably time to drop comprehensive insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage gives you protection from other motorists when they are uninsured or don't have enough coverage. It can pay for hospital bills for your injuries as well as damage to your Jaguar XK.

Since many Colorado drivers only carry the minimum required liability limits (Colorado limits are 25/50/15), their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Usually these limits are set the same as your liability limits.

A little work can save a LOT of money

We've covered a lot of information how to compare Jaguar XK insurance prices in Colorado Springs. The key thing to remember is the more times you quote, the higher your chance of finding low cost Colorado Springs car insurance quotes. Consumers may even find the lowest prices are with some of the lesser-known companies. Smaller companies can often provide lower rates in certain areas than the large multi-state companies such as GEICO and State Farm.

As you quote Colorado Springs car insurance, it's a bad idea to buy lower coverage limits just to save a few bucks. There are many occasions where an insured dropped physical damage coverage and found out when filing a claim they didn't have enough coverage. The proper strategy is to get the best coverage possible for the lowest price while still protecting your assets.

Additional detailed information is available at these sites: