Are you researching low-cost Jaguar XK insurance in Chicago? Nobody likes having to buy auto insurance, especially when it costs too dang much.
A recent study showed that nearly 70% of drivers have been with the same company for over three years, and about 40% of consumers have never even compared rates from other companies. Chicago drivers can save hundreds of dollars each year by just shopping around, but they don’t understand how simple it is to find affordable auto insurance rates. Multiple car insurance companies compete to insure your vehicles, and because of this it can be hard to compare auto insurance companies to find the lowest cost out there.
If you have coverage now or want to find a cheaper company, you can learn to get lower rates and still have adequate protection. Finding the cheapest auto insurance coverage in Chicago can be easy if you know a few tricks. Smart shoppers just need to learn the proper way to find the lowest price from multiple carriers.
How to get free Jaguar XK insurance quotes online
All the larger insurance companies allow consumers to get pricing from their websites. Comparing prices online for Jaguar XK insurance in Chicago is quite easy as you just type in your coverage preferences on the page. When the form is submitted, their rating system will order reports for credit and driving violations and returns pricing information based on many factors. Being able to quote online for Jaguar XK insurance in Chicago helps simplify price comparisons, and it’s necessary to have as many quotes as possible in order to find a better rate.
To save time and fill out one form to compare multiple rates now, compare rate quotes from the providers shown below. If you have your current policy handy, we recommend you complete the form with deductibles and limits exactly as shown on your declarations page. This way, you are getting rate comparison quotes for similar coverage.
The companies shown below are our best choices to provide price comparisons in Illinois. If more than one company is shown, we recommend you visit as many as you can to get a more complete price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|XK Portfolio 2-Dr Coupe||$208||$470||$208||$12||$62||$960||$80|
|XK 2-Dr Coupe||$200||$508||$268||$16||$80||$1,072||$89|
|XK Portfolio 2-Dr Convertible||$350||$740||$316||$18||$94||$1,518||$127|
|XK 2-Dr Convertible||$342||$790||$294||$18||$88||$1,532||$128|
|Get Your Own Custom Quote Go|
Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Illinois minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Price estimates do not factor in your specific Chicago location which can decrease or increase auto insurance rates significantly.
Comparison of auto insurance rates by gender and age
The chart below compares Jaguar XK insurance costs for male and female drivers. The premiums are based on no violations or accidents, full coverage, $1,000 deductibles, drivers are single, and no policy discounts are applied.
Should you raise deductibles?
The illustration below shows how different deductible levels and can change Jaguar XK insurance costs for different age categories. The data assumes a married female driver, comp and collision included, and no discounts are taken into consideration.
Poor driving habits will raise your auto insurance rates
The illustration below demonstrates how citations and at-fault accidents increase Jaguar XK insurance premiums for different insured age categories. Data assumes a single female driver, comp and collision included, $250 deductibles, and no discounts are factored in.
Car insurance in Illinois serves several purposes
Even though it can be expensive, car insurance is required in Illinois but it also protects you in many ways.
First, most states have minimum liability requirements which means you are required to buy a specific minimum amount of liability protection if you drive a vehicle. In Illinois these limits are 20/40/15 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
Second, if your Jaguar XK has a loan, most banks will require that you have physical damage coverage to ensure loan repayment if the vehicle is totalled. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Jaguar at a significantly higher premium and force you to pay the higher price.
Third, car insurance protects not only your Jaguar XK but also your assets. Insurance will pay for all forms of medical expenses for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, also pays expenses related to your legal defense if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of carrying enough insurance more than cancel out the cost, especially with large liability claims. The average driver in America is overpaying over $800 each year so compare quotes from several companies at every renewal to be sure current rates are still competitive.
Lower Your Chicago Insurance Costs
Smart consumers have a good feel for a few of the rating criteria that go into determining the rates you pay for auto insurance. If you have a feel for what influences your rates, this allows you to make educated decisions that could result in lower premium levels.
The items below are a partial list of the pieces utilized by car insurance companies to help set premiums.
Deter theft and pay less – Driving a car with anti-theft technology or alarm system can get you a discount on your auto insurance. Advanced theft deterrents like OnStar, LoJack tracking, and tamper alarms all help prevent vehicle theft.
Adjust coverage deductibles and save – The deductibles you choose represent how much money the insured will be required to pay if a claim is determined to be covered. Insurance for physical damage, termed comprehensive and collision coverage on your policy, insures against damage to your car. Some examples of claims that would be covered would be colliding with a stationary object, vandalism, and damage caused by road hazards. The more the insured is willing to pay, the less your auto insurance will be.
Avoid auto insurance lapses – Driving without insurance is not a good idea and any future policy may cost more because you let your coverage cancel without a new policy in place. And not only will your rates increase, not being able to provide proof of insurance might get you a fine, jail time, or a revoked license. You could then be forced to prove you have insurance by filing a SR-22 with the Illinois department of motor vehicles.
Urban residents pay more – Choosing to live in less populated areas may provide you with better prices if you are looking for the lowest rates. Fewer drivers on the road translates into fewer accidents and lower theft and vandalism rates. Urban drivers tend to have more aggressive driving styles and more severe claims. Spending more time driving translates into higher accident risk.
If you don’t need it don’t buy it – There are many optional add-on coverages that sound like a good idea at the time if you aren’t careful. Coverages for roadside assistance, accidental death, and membership fees may not be needed and are just wasting money. They may seem good when buying your policy, but your needs may have changed so think about removing them and cutting costs.
Pleasure use or commuting – The more you drive each year the higher your rate. The majority of insurers apply a rate partially by how you use the vehicle. Cars used primarily for pleasure use cost less to insure compared to those used for work or business. Incorrect rating for your XK can cost quite a bit. It’s always a good idea to double check that your vehicle rating shows the correct usage for each vehicle, because it can save money.
Liability insurance is important – The liability coverage on your policy kicks in when a jury decides you are liable for personal injury or accident damage. It will provide legal defense coverage starting from day one. This coverage is very inexpensive compared to comp and collision, so drivers should buy more than the minimum limits required by law.
Claims statistics for a Jaguar XK – Companies factor in historical loss data to help calculate premium rates. Vehicles that tend to have a trend towards higher claim severity or frequency will cost more for coverage.
The next table shows the collected loss data for Jaguar XK vehicles. For each coverage type, the statistical loss for all vehicles, as a total average, is represented as 100. Numbers below 100 imply a favorable loss record, while percentage numbers above 100 point to more losses or larger claims.
Jaguar XK Insurance Loss Statistics
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Jaguar XK 2dr||167|
|Jaguar XK Convertible||119|
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Lower rate quotes with discounts
Some providers don’t always list their entire list of discounts very clearly, so the following list contains some of the best known and also the lesser-known credits available to lower your premiums when you buy Chicago auto insurance online.
- Multiple Vehicles – Having several vehicles with the same company may reduce the rate for each vehicle.
- Payment Method – By paying your entire bill at once rather than paying monthly you can actually save on your bill.
- Paper-free Discount – A handful of companies give back up to $50 for buying a policy and signing up on their website.
- Distant College Student Discount – Children who live away from home at college and do not have a car could get you a discount.
- Military Rewards – Being deployed with a military unit could qualify you for better premium rates.
As a footnote on discounts, most discount credits are not given to the whole policy. Some only apply to specific coverage prices like liability, collision or medical payments. Despite the fact that it seems like you would end up receiving a 100% discount, it just doesn’t work that way. Any qualifying discounts will help reduce your policy premiums.
Large insurance companies and some of the premium reductions they offer are shown below.
- State Farm may have discounts that include Drive Safe & Save, Steer Clear safe driver discount, driver’s education, accident-free, good student, and passive restraint.
- American Family offers discounts including multi-vehicle, mySafetyValet, good driver, defensive driver, good student, bundled insurance, and TimeAway discount.
- GEICO offers discounts for military active duty, emergency military deployment, multi-vehicle, good student, membership and employees, daytime running lights, and federal employee.
- 21st Century policyholders can earn discounts including 55 and older, automatic seat belts, air bags, theft prevention, early bird, driver training, and student driver.
- Progressive may include discounts for homeowner, online signing, multi-vehicle, online quote discount, good student, multi-policy, and continuous coverage.
When comparing rates, check with all the companies how you can save money. Some discounts may not be available in your state.
When to have guidance from a local insurance agent
A lot of people prefer to visit with an insurance agent and we recommend doing that Professional insurance agents are very good at helping people manage risk and will help you if you have claims. A nice benefit of comparing auto insurance online is you may find cheap rate quotes but still work with a licensed agent.
To find an agent, once you fill out this form (opens in new window), your insurance coverage information is emailed to local insurance agents in Chicago who will give competitive quotes and help you find cheaper coverage. There is no reason to drive around since price quotes are sent immediately to you. If you wish to compare rates from a specific insurance company, you just need to visit that company’s website and fill out the quote form the provide.
Deciding on an company should include more criteria than just a cheap price. The answers to these questions are important, too.
- Does their agency support local causes in Chicago?
- Which companies can they place coverage with?
- Does the agent recommend any additional coverage?
- Where would your vehicle be repaired?
- Is there a local claims center in Chicago?
- What kind of financial rating does the company have?
- Are they able to influence company decisions when a claim is filed?
- Which insurance company do they prefer to write with?
Best car insurance agent in Chicago
When researching a good Chicago insurance agent, there are two different agency structures and how they can quote your rates. Agents in Chicago can be classified as either exclusive or independent. Either one can sell and service auto insurance coverage, but it is important to understand the difference in the companies they write for because it may have an impact on the type of agent you choose.
Agents of this type normally can only provide a single company’s rates such as Farmers Insurance, American Family, State Farm and Allstate. Exclusive agencies are unable to provide prices from multiple companies so it’s a take it or leave it situation. Exclusive insurance agents are usually well trained in insurance sales which helps them sell on service rather than price.
The following is a short list of exclusive insurance agencies in Chicago who can help you get price quote information.
Independent Auto Insurance Agencies
Agents that elect to be independent do not sell for just one brand so they have the ability to put coverage with a variety of different insurance companies and help determine which has the cheapest rates. To move your coverage to a new company, they can switch companies in-house and you don’t have to do anything.
When comparing rates, we recommend you compare prices from at a minimum one independent agency to maximize your price options.
The following is a list of independent insurance agencies in Chicago that are able to give rate quotes.
W.A. George Insurance Agency
155 N Michigan Ave #300 – Chicago, IL 60601 – (312) 729-5265 – View Map
The best rates come from being thorough
As you prepare to switch companies, don’t be tempted to buy lower coverage limits just to save a few bucks. There have been many cases where drivers have reduced full coverage and discovered at claim time they didn’t have enough coverage. Your goal is to get the best coverage possible for the lowest price, but do not skimp to save money.
We’ve covered a lot of tips how to save on Jaguar XK insurance in Chicago. The most important thing to understand is the more companies you get auto insurance rates for, the better chance you’ll have of finding the cheapest Jaguar XK rate quotes. Drivers may even discover the lowest rates come from a smaller regional carrier. These companies may only write in your state and offer lower auto insurance rates compared to the large companies like State Farm or Progressive.
More tips and info about car insurance can be found at these sites:
- Top Signs Your Brakes are Giving Out (State Farm)
- How Much are Car Insurance Quotes for 19 Year Olds in Chicago? (FAQ)
- Who Has Cheap Chicago Auto Insurance Quotes for a 20 Year Old Male? (FAQ)
- Who Has Cheap Auto Insurance for a Company Car in Chicago? (FAQ)
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)