Finding low-cost insurance for a Jaguar XK in Texas can normally be a painful process, but you can use a few tricks to make it easier. There is a better way to find car insurance online and we’ll show you the absolute fastest way to compare rates for a new or used Jaguar and obtain the best price possible from Plano insurance agents and online providers.
Unthinkable but true, almost 70% of drivers kept buying from the same company for at least four years, and about 40% of consumers have never taken the time to shop around. The average driver in Plano could cut their rates by as much as 70% a year, but they assume it’s a waste of time to compare rates.
You need to compare premium rates at least once a year because car insurance rates are constantly changing. Just because you found the best deal on Jaguar XK insurance in Plano a couple years back you will most likely find a better price today. Ignore everything you know about car insurance because you’re about to learn one of the best ways to save money, get proper deductibles and limits, all at the lowest rate.
If you have a current auto insurance policy or just want cheaper coverage, you can use these tips to find the best rates and possibly find even better coverage. Finding quotes for cheaper coverage in Plano is not as difficult as people think. You just need to learn how to compare insurance rates online from multiple companies.
Most major insurance companies like GEICO, State Farm and Progressive make it easy to get pricing directly from their websites. Getting Jaguar XK insurance prices online is very simple as you just enter the amount of coverage you want into a form. Behind the scenes, the company’s rating system automatically orders reports for credit and driving violations and returns a price quote.
Quoting online for Jaguar XK insurance in Plano makes it simple to compare prices and it’s absolutely necessary to get many rate quotes in order to find a better rate.
To get comparison pricing now, compare rate quotes from the providers shown below. To compare your current rates, we recommend you replicate your coverages exactly as they are listed on your policy. This helps ensure you will get rate comparison quotes for exact coverage.
The companies in the list below can provide free rate quotes in Plano, TX. To get the best cheap auto insurance in Plano, it’s a good idea that you visit as many as you can to get the lowest price.
Rates and statistics
The coverage table shown below covers estimates of insurance prices for Jaguar XK models. Having a good understanding how policy premiums are figured is important for drivers to make decisions on the best policy coverages.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|XK Portfolio 2-Dr Coupe||$464||$1160||$422||$24||$126||$2,196||$183|
|XK 2-Dr Coupe||$464||$1160||$422||$24||$126||$2,196||$183|
|XK Portfolio 2-Dr Convertible||$500||$1060||$496||$30||$148||$2,234||$186|
|XK 2-Dr Convertible||$500||$1060||$496||$30||$148||$2,234||$186|
|Get Your Own Custom Quote Go|
Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Table data does not factor in specific location which can impact auto insurance rates significantly.
Car insurance deductibles
When shopping for car insurance, a common question is which comprehensive and collision deductibles to buy. The premium rates below help summarize the rate differences when you buy lower versus higher physical damage coverage deductibles. The first price estimate table uses a $250 deductible and the second pricing table uses a $500 deductible.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|XK Portfolio 2-Dr Coupe||$484||$1026||$324||$20||$96||$1,975||$165|
|XK 2-Dr Coupe||$484||$1026||$324||$20||$96||$1,975||$165|
|XK Portfolio 2-Dr Convertible||$522||$938||$382||$22||$114||$2,003||$167|
|XK 2-Dr Convertible||$522||$938||$382||$22||$114||$2,003||$167|
|Get Your Own Custom Quote Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|XK Portfolio 2-Dr Coupe||$394||$828||$324||$20||$96||$1,662||$139|
|XK 2-Dr Coupe||$394||$828||$324||$20||$96||$1,662||$139|
|XK Portfolio 2-Dr Convertible||$424||$756||$382||$22||$114||$1,698||$142|
|XK 2-Dr Convertible||$424||$756||$382||$22||$114||$1,698||$142|
|Get Your Own Custom Quote Go|
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Premium costs do not factor in your specific Plano location which can increase or decrease price quotes substantially.
Based on these figures, using a $250 deductible will cost in the ballpark of $25 more each month or $300 annually than selecting the higher $500 deductible. Because you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you normally average at least 10 months between claim filings, you would most likely save money if you elect the higher deductible. Here’s the way this determination is made.
|Average monthly premium for $250 deductibles:||$166|
|Average monthly premium for $500 deductibles (subtract):||– $141|
|Monthly savings from raising deductible:||$25|
|Difference between deductibles ($500 – $250):||$250|
|Divide difference by monthly savings:||$250 / $25|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||10 months|
One thing to be aware of is that higher deductibles results in a higher out-of-pocket expense at claim time. That will necessitate some extra funds in the event you need to pay the higher deductible.
Car insurance rates by gender and age in Plano
The information below illustrates the difference between Jaguar XK yearly insurance costs for male and female drivers. The premiums assume no tickets, no at-fault accidents, comp and collision included, $100 deductibles, marital status is single, and no discounts are factored in.
Full coverage rates vs. liability-only
The chart below shows the difference between Jaguar XK auto insurance costs when comparing full coverage to liability only. The data assumes a clean driving record, no claims, $1,000 deductibles, drivers are single, and no other discounts are factored in.
When to stop buying comprehensive and collision coverage
There is no written rule for eliminating physical damage coverage, but there is a general convention. If the annual cost of your full coverage insurance is more than around 10% of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.
For example, let’s assume your Jaguar XK replacement cost is $3,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $2,000 after paying your policy deductible. If you are paying more than $200 annually to have full coverage, then you might want to consider buying only liability coverage.
There are some cases where removing full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should keep full coverage in place.
Auto insurance is an important decision
Even though it can be expensive, maintaining insurance is most likely required but also gives you several important benefits.
- Almost all states have minimum liability requirements which means you are required to buy a specific level of liability insurance in order to drive the car legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your vehicle, almost all lenders will require that you have insurance to guarantee their interest in the vehicle. If you do not keep the policy in force, the bank may buy a policy for your Jaguar at a much higher premium rate and force you to pay the higher premium.
- Insurance safeguards both your car and your personal assets. It also can pay for all forms of medical expenses incurred in an accident. One policy coverage, liability insurance, will also pay attorney fees if someone files suit against you as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, your policy will pay to repair the damage minus the deductible amount.
The benefits of buying enough insurance outweigh the cost, particularly if you ever have a claim. Unknowingly, the average driver is overpaying over $869 every year so compare rates at every renewal to save money.
Informed Decisions Result in Lower Insurance Costs
One of the most helpful ways to save on car insurance is to to have a grasp of a few of the rating criteria that go into determining your premiums. If you know what positively or negatively impacts your premiums, this empowers consumers to make smart changes that may result in big savings.
Accidents drive up prices – Your driving record impacts premiums far more than you think. Good drivers pay lower auto insurance prices compared to bad drivers. Even one chargeable violation can bump up the cost substantially. People who have serious citations like DUI or willful reckless driving may find they need to prove financial responsibility with their state motor vehicle department in order to legally drive.
The chart below illustrates how speeding tickets and at-fault fender-benders raise Jaguar XK insurance premiums for each different age group. The prices are based on a married female driver, comprehensive and collision coverage, $250 deductibles, and no policy discounts are applied.
Stress out and pay more – Jobs like real estate brokers, air traffic controllers, and emergency personnel generally have higher rates than the rest of us because of intense work requirements and lengthy work days. Other careers like actors, historians and the unemployed get better rates.
Little extras can really add up – There are quite a few optional add-on coverages that you can get tricked into buying if you aren’t diligent. Add-on coverages like replacement cost coverage, accidental death, and additional equipment coverage may be costing you every month. They may seem good when you first buy your policy, but your needs may have changed so think about removing them and cutting costs.
Never let your car insurance policy expire – Driving your car without having proper coverage is a big no-no and any future policy may cost more because you let your insurance expire. In addition to paying higher premiums, not being able to provide proof of insurance might get you a revoked license or a big fine.
Liability insurance is cheap – Liability coverage is the protection if you are found liable for physical damage or personal injury to other. Your liability coverage provides legal defense starting from day one. Liability is cheap as compared to coverage for physical damage, so buy as much as you can afford.
Insurance losses for a Jaguar XK – Insurance companies use past loss statistics for each vehicle to calculate a price that will offset any claims. Vehicles that have higher number or severity of losses will be charged more to insure.
The information below illustrates the insurance loss data used by companies for Jaguar XK vehicles. For each coverage category, the loss probability for all vehicles, as a total average, is a value of 100. Values below 100 are indicative of better than average losses, while values that are 100 or greater indicate more frequent losses or an increased probability of a larger loss.
|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 Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Earn discounts on Plano auto insurance
Insurance can be prohibitively expensive, but you might find some hidden discounts to help offset the cost. Many of these discounts will be applied automatically when you get a quote, but lesser-known reductions have to be asked about prior to getting the savings. If you do not double check each discount available, you could be saving more on your auto insurance.
- Pay Early and Save – By paying your entire bill at once instead of paying each month you could save 5% or more.
- Anti-lock Brakes – Anti-lock brake equipped vehicles are much safer to drive and qualify for as much as a 10% discount.
- Discount for Home Ownership – Simply owning a home may trigger a policy discount on auto insurance because owning a home means you have a higher level of financial diligence.
- Accident Free – Drivers who don’t have accidents can earn big discounts when compared with drivers with a long claim history.
- Discount for Multiple Policies – If you insure your home and vehicles and insure them both with the same insurance company you will save approximately 10% to 15%.
- Multi-Vehicle Discounts – Buying a policy with several vehicles on one policy can reduce rates for all insured vehicles.
- Resident Student – Youth drivers who live away from home at college and leave their car at home could get you a discount.
- Senior Citizen Rates – If you’re over the age of 55, you may be able to get a slight reduction on a Plano auto insurance quote.
- Include Life Insurance and Save – Not every insurance company offers life insurance, but if they do you may earn a lower rate if you buy a life insurance policy as well.
- Student Driver Training – Cut your cost by having your teen driver successfully take a driver’s education course if it’s offered in school.
As a footnote on discounts, most discount credits are not given to the entire policy premium. Most only cut specific coverage prices like medical payments or collision. Despite the fact that it seems like you could get a free auto insurance policy, it’s just not the way it works.
The illustration below shows the difference between Jaguar XK yearly insurance costs with and without discounts applied to the rates. The data assumes a male driver, no violations or claims, Texas state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, marriage, multi-policy, safe-driver, and homeowner discounts applied.
Larger auto insurance companies and a summarized list of policyholder discounts are:
- American Family may have discounts that include TimeAway discount, multi-vehicle, air bags, mySafetyValet, Steer into Savings, and early bird.
- Farm Bureau may include discounts for multi-vehicle, youthful driver, driver training, 55 and retired, good student, and multi-policy.
- State Farm discounts include multiple autos, defensive driving training, driver’s education, passive restraint, anti-theft, and Drive Safe & Save.
- Travelers offers discounts for good student, student away at school, continuous insurance, driver training, payment discounts, and save driver.
- The Hartford policyholders can earn discounts including driver training, defensive driver, vehicle fuel type, air bag, and anti-theft.
- GEICO has savings for driver training, anti-lock brakes, federal employee, daytime running lights, good student, emergency military deployment, and air bags.
- Progressive includes discounts for multi-vehicle, online signing, online quote discount, good student, and homeowner.
If you want cheaper Plano auto insurance quotes, ask all companies you are considering to apply every possible discount. Some of the earlier mentioned discounts may not apply to policyholders in Plano. If you would like to see a list of insurance companies that can offer you the previously mentioned discounts in Plano, click this link.
You are unique and your insurance should be too
When it comes to coverage, there really is not a “perfect” insurance plan. Everyone’s situation is unique.
These are some specific questions can help discover if you might need professional guidance.
- Are rock chip repairs covered?
- Is my trailer covered?
- Is upholstery damage covered by car insurance?
- Should I bundle my homeowners policy with my auto?
- When do I need to add a new car to my policy?
- How much cheaper are high deductibles?
If you can’t answer these questions, then you may want to think about talking to an agent. To find lower rates from a local agent, complete this form. It’s fast, free and you can get the answers you need.
Exclusive or independent insurance agencies
Some people would rather talk to a local agent and that is OK! Professional insurance agents will help you protect your assets and help you file claims. A good thing about comparing rate quotes online is the fact that drivers can get lower rates and still have an agent to talk to.
To make it easy to find an agent, after completing this simple form, your information is submitted to agents in your area who will give you quotes for your car insurance coverage. It simplifies rate comparisons since you won’t have to find an agent on your own because prices are sent to you. In the event you want to compare rates from a specific company, you can always jump over to their website and submit a quote form there.
Finding a good provider should depend on more than just a cheap quote. Some important questions to ask are:
- Is vehicle damage repaired with OEM or aftermarket parts?
- Are claim adjusters local or do you have to take your car somewhere else?
- Does the agency have a positive business rating?
- Do you work with a CSR or direct with the agent?
- Do they get extra compensation for selling add-on coverages?
- Do they see any coverage gaps in your plan?
When narrowing the list to find a reliable insurance agency, it helps to know the two types of insurance agents that you can choose from. Car insurance agencies may be either exclusive agents or independent agents. Either one can write car insurance policies, but it’s worth mentioning the difference in the companies they write for because it can influence the selection process.
Exclusive Car Insurance Agents
Exclusive insurance agents write business for a single company and some examples include AAA, Allstate, State Farm, or Farmers Insurance. They generally cannot provide other company’s prices so if the price isn’t competitive there isn’t much they can do. Exclusive agents receive a lot of sales training on their products and sales techniques which can be an advantage. Consumers frequently use the same agent mostly because of loyalty to the company instead of buying on price only.
Below is a list of exclusive agents in Plano who can help you get comparison quotes.
- Joseph Jackson – State Farm Insurance Agent
7920 Preston Rd #300 – Plano, TX 75024 – (972) 690-9090 – View Map
- Allstate Insurance: Danny Wilson
5501 Independence Pkwy Ste 311 – Plano, TX 75023 – (972) 519-0936 – View Map
- Louie Devega – State Farm Insurance Agent
6205 Coit Rd #300 – Plano, TX 75024 – (214) 473-9000 – View Map
Independent Car Insurance Agents
These type of agents can sell policies from many different companies so as a result can place your coverage amongst many companies and help determine which has the cheapest rates. To transfer your coverage to a different company, they simply switch companies in-house and you stay with the same agent.
When comparing car insurance prices, we highly recommend that you include rate quotes from at least one independent agent for the best price selection. Most independent agents also contract with additional companies that you may not be familiar with which may have better rates.
Below is a short list of independent insurance agencies in Plano that are able to give comparison quotes.
- Paragon Independent Insurance Agencies
6305 Preston Rd Suite 1000 – Plano, TX 75024 – (972) 473-4813 – View Map
- Guest Insurance Agency
903 18th St Ste 124 – Plano, TX 75074 – (972) 424-4209 – View Map
- Alpha Omega Insurance Agency
3275 Independence Pkwy – Plano, TX 75075 – (972) 519-5435 – View Map
If you get positive feedback to any questions you have as well as a affordable price, it’s possible that you found a car insurance agent that will properly service your car insurance policy. It’s important to know that you are able to cancel coverage at any point so never assume you are locked into a policy for the entire policy term.
More quotes mean more car insurance savings
When buying insurance coverage, do not reduce needed coverages to save money. There have been many situations where an insured cut liability coverage limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. The aim is to buy a smart amount of coverage at a price you can afford, but do not sacrifice coverage to save money.
Drivers change insurance companies for any number of reasons including policy non-renewal, unfair underwriting practices, high rates after DUI convictions and even questionable increases in premium. Regardless of your reason for switching companies, finding a new car insurance company can be easy and end up saving you some money.
A few companies do not offer online price quotes and many times these small, regional companies sell through local independent agencies. Budget-friendly car insurance in Plano can be bought on the web and from local insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from.
Steps to buying lower priced Jaguar XK insurance in Plano
If saving the most money is your goal, then the best way to find lower priced car insurance rates is to start doing an annual price comparison from providers who sell auto insurance in Plano.
Step 1: Get a basic knowledge of how auto insurance works and the things you can change to prevent high rates. Many risk factors that result in higher rates such as multiple speeding tickets and a bad credit rating can be eliminated by improving your driving habits or financial responsibility.
Step 2: Get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give prices from one company like GEICO or Farmers Insurance, while independent agents can provide price quotes from many different companies.
Step 3: Compare the new rate quotes to your current policy to see if you can save by switching companies. If you find a lower rate quote, make sure there is no coverage gap between policies.
A good tip to remember is to compare identical coverage information on every price quote and and to get price quotes from as many different insurance providers as possible. This helps ensure a fair price comparison and the most accurate and complete price analysis.
More information can be read below:
- Property Damage Coverage (Liberty Mutual)
- How Much are Plano Auto Insurance Quotes for Lyft Drivers? (FAQ)
- Who Has Affordable Plano Car Insurance Quotes for a Toyota Tacoma? (FAQ)
- Who Has Cheap Car Insurance Quotes for Uber Drivers in Plano? (FAQ)
- Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)
- Teen Driver Statistics (Insurance Information Institute)
- Reducing Your Risks in a Car Crash Video (iihs.org)