Shocking but true, most consumers in Nevada have purchased from the same company for four years or more, and nearly half have never even shopped around for lower-cost coverage. Many consumers in the United States could pocket approximately $859 a year, but most undervalue the benefits if they swap their current policy for a cheaper one.
The best way we recommend to find affordable quotes for auto insurance rates in Las Vegas is to regularly compare quotes from insurers in Nevada. Price quotes can be compared by following these guidelines.
Step 1: Take a few minutes and learn about what is in your policy and the modifications you can make to drop your rates. Many rating factors that cause rate increases such as at-fault accidents, careless driving, and a bad credit score can be remedied by being financially responsible and driving safely. Read the full article for instructions to prevent expensive rate increases and get discounts that may be overlooked.
Step 2: Quote rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from a single company like GEICO or Allstate, while independent agencies can give you price quotes from multiple sources. View prices
Step 3: Compare the new quotes to the premium of your current policy to see if a cheaper price is available in Las Vegas. If you find a lower rate quote, make sure coverage does not lapse between policies.
The critical component of shopping around is to try to compare the same amount of coverage on every quote request and and to get prices from as many companies as you can. This helps ensure a fair price comparison and the best price quote selection.
Comparing rates for more affordable coverage in Las Vegas is actually quite simple. If you already have coverage or are looking for a new policy, follow these tips to find better prices without reducing coverage. Comparison shoppers just have to learn the proper methods to compare rate quotes online from multiple companies.
How Insurance Companies Calculate Jaguar XK Insurance Prices
A large part of saving on auto insurance is knowing the rating factors that help calculate your auto insurance rates. When you understand what determines base rates, this allows you to make educated decisions that can help you get lower auto insurance prices. Lots of things are taken into consideration when you get your auto insurance bill. Some are obvious like an MVR report, but others are less obvious such as your marital status or your commute time.
The following are a few of the “ingredients” used by insurance companies to determine your prices.
With age comes responsibility – Teen drivers in Nevada are proven to be more careless behind the wheel so they pay higher auto insurance rates. More mature drivers are proven to be safer behind the wheel, tend to cause fewer accidents, and get fewer tickets.
The following data assumes a single driver, full coverage with $100 deductibles, and no discounts or violations.
Car features can affect rates – Choosing a vehicle that has a built-in theft deterrent system can save you a little every year. Advanced theft deterrents such as OnStar, LoJack tracking, and tamper alarms help track and prevent your vehicle from being stolen.
Rates can drop if you have more than one policy – Most insurance companies provide discounts for people who carry more than one policy. It’s known as a multi-policy discount. Even with this discount, it’s still a good idea to get quotes from other companies to ensure the best deal.
Continuous coverage saves money – Not maintaining insurance is a misdemeanor and any future policy may cost more because you let your coverage lapse. Not only will rates go up, not being able to provide proof of insurance may earn you fines or a revoked license.
Get better rates if married – Your spouse can actually save you money when shopping for auto insurance. Marriage means you’re more mature and statistics prove married drivers tend to file fewer claims.
Better prices for being claim-free – If you are a frequent claim filer, you can pretty much guarantee increased rates or even have your policy non-renewed. Companies in Nevada provide the best rates to people who only file infrequent claims. Insurance coverage is intended to be relied upon for claims that you cannot pay yourself.
Are men or women drivers cheaper? – Over the last 30 years, statistics show that females take fewer risks when driving. However, this does not mean men are worse drivers. Men and women tend to get into auto accidents at a similar rate, but men tend to have more serious accidents. Men also statistically get more serious tickets such as reckless driving. Teenage male drivers generally have the highest accident percentage and therefore are the most expensive to insure.
The diagram below shows the difference between Jaguar XK auto insurance rates for male and female drivers. Data assumes no claims or violations, comprehensive and collision coverage, $500 deductibles, marital status is single, and no discounts are applied to the premium.
Rate your vehicle for proper use – The higher the miles on your Jaguar annually the more you’ll pay to insure it. A lot of companies price each vehicle’s coverage based upon how much you drive. Vehicles not used for work or commuting receive lower rates than those used for commuting. It’s always a good idea to double check that your auto insurance coverage states annual mileage. An incorrectly rated XK may be costing you higher rates.
Jaguar XK claim data – Insurance companies use claims history to calculate a price that will offset losses. Models that have higher claim amounts or frequency will have a higher cost to insure. The next table illustrates the insurance loss data for Jaguar XK vehicles.
For each coverage category, the statistical loss for all vehicles averaged together is set at 100. Percentages below 100 suggest a positive loss record, while percentage numbers above 100 indicate more frequent claims or tendency to have higher losses.
| Vehicle 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
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Jaguar XK detailed coverage information
The price information shown next covers different prices for Jaguar XK models. Having a good grasp of how insurance policy rates are established can assist in making informed decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XK Portfolio 2-Dr Coupe | $220 | $480 | $270 | $16 | $80 | $1,066 | $89 |
| XK 2-Dr Coupe | $220 | $480 | $270 | $16 | $80 | $1,066 | $89 |
| XK Portfolio 2-Dr Convertible | $238 | $440 | $318 | $18 | $96 | $1,110 | $93 |
| XK 2-Dr Convertible | $238 | $440 | $318 | $18 | $96 | $1,110 | $93 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Rates do not factor in specific zip code location which can influence coverage rates substantially.
Insurance deductibles
One of the hardest decisions when shopping for insurance is how high should the deductibles for physical damage be. The rates shown below may aid in understanding the differences in price between high and low comp and collision deductibles. The first set of rates uses a $100 deductible for comprehensive and collision coverage and the second price chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XK Portfolio 2-Dr Coupe | $436 | $992 | $262 | $16 | $78 | $1,809 | $151 |
| XK 2-Dr Coupe | $436 | $992 | $262 | $16 | $78 | $1,809 | $151 |
| XK Portfolio 2-Dr Convertible | $470 | $906 | $308 | $18 | $92 | $1,819 | $152 |
| XK 2-Dr Convertible | $470 | $906 | $308 | $18 | $92 | $1,819 | $152 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XK Portfolio 2-Dr Coupe | $242 | $522 | $262 | $16 | $78 | $1,120 | $93 |
| XK 2-Dr Coupe | $242 | $522 | $262 | $16 | $78 | $1,120 | $93 |
| XK Portfolio 2-Dr Convertible | $260 | $478 | $308 | $18 | $92 | $1,156 | $96 |
| XK 2-Dr Convertible | $260 | $478 | $308 | $18 | $92 | $1,156 | $96 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Premium amounts do not factor in specific location which can change coverage rates noticeably.
Based on the figures above, using a $100 deductible costs approximately $57 more each month or $684 each year across all Jaguar XK models than requesting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at a minimum 16 months between claim filings, you would save money by going with a higher deductible.
The diagram below demonstrates how deductible levels and can influence Jaguar XK insurance costs for different age groups. Data assumes a married female driver, comprehensive and collision coverage, and no other discounts are factored in.
How accidents and violations affect rates
The example below illustrates how speeding tickets and accident claims can affect Jaguar XK insurance costs for different ages of insureds. The data assumes a married male driver, comp and collision included, $500 deductibles, and no additional discounts are factored in.
Does full coverage make sense?
The diagram below illustrates the comparison of Jaguar XK yearly insurance costs with full physical damage coverage compared to only buying liability only. The costs are based on no violations or accidents, $1,000 deductibles, marital status is single, and no discounts are factored in.
When to drop full coverage
There is no definitive formula of when to phase out physical damage coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.
For example, let’s assume your Jaguar XK replacement cost is $9,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $8,000 after paying your policy deductible. If you are currently paying more than $800 a year for your policy with full coverage, the it may be a good time to stop paying for full coverage.
There are a few situations where only buying liability is not advised. If you haven’t satisfied 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 drop full coverage.
Car insurance policy discounts you can’t miss
Some companies don’t list every discount very well, so we researched some of the best known as well as some of the hidden savings tricks you should be using when you buy Las Vegas car insurance online.
- Claim-Free Discount – Drivers who don’t have accidents are rewarded with significantly better rates on Las Vegas car insurance quote as compared to drivers who are more careless.
- Switch and Save Discount – A few insurance companies give discounts for signing up early. You could save around 10% when you buy Las Vegas car insurance online.
- Multiple Cars – Drivers who insure multiple vehicles with the same car insurance company may reduce the rate for each vehicle.
- Senior Citizens – If you qualify as a senior citizen, you are able to get a discount up to 10%.
- Payment Method – If paying your policy premium upfront instead of paying each month you may have a lower total premium amount.
- Sign Online – A few car insurance companies provide a small discount just for signing your application over the internet.
- College Student – Any of your kids who live away from home to go to college and won’t have access to an insured vehicle could get you a discount.
A little disclaimer on discounts, some of the credits will not apply to the entire policy premium. Most only cut individual premiums such as collision or personal injury protection. So even though they make it sound like all those discounts means the company will pay you, car insurance companies aren’t that generous.
The information below visualizes the comparison of Jaguar XK insurance costs with and without some available policy discounts. The information is based on a male driver, no claims or driving violations, Nevada state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, homeowner, claim-free, safe-driver, and marriage discounts applied.
Some of the larger companies that may have most of the discounts above include:
It’s a good idea to ask every prospective company which discounts they offer. Some credits might not be offered on policies in your area. To locate providers who offer free Jaguar XK insurance quotes in Las Vegas, click here.
In the end, you can save money
People leave their current company for many reasons like high prices, questionable increases in premium, policy non-renewal or even delays in responding to claim requests. Regardless of your reason for switching companies, finding a new company is pretty simple and you could end up saving a buck or two.
We just covered quite a bit of information on how to find cheaper Jaguar XK insurance in Las Vegas. The key thing to remember is the more times you quote, the better likelihood of getting cheaper Las Vegas car insurance quotes. Consumers could even find that the most savings is with some of the smallest insurance companies.
Cost effective Jaguar XK insurance is possible from both online companies and with local Las Vegas insurance agents, so you should compare both in order to have the best chance of saving money. Some insurance companies don’t offer rates over the internet and usually these small, regional companies only sell through independent agents.
Other resources
- Electronic Stability Control FAQ (iihs.org)
- Who Has the Cheapest Las Vegas Car Insurance for a Nissan Rogue? (FAQ)
- Who Has Cheap Las Vegas Auto Insurance for Drivers with Accidents? (FAQ)
- How Much are Car Insurance Quotes for Teenage Males in Las Vegas? (FAQ)
- Vehicle Size and Weight FAQ (iihs.org)
- Older Driver Statistics (Insurance Information Institute)
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)