Auto Insurance Quotes for a Jaguar XK in Lexington

Insurance for Jaguar XKIt’s shocking but over 70% of Kentucky drivers have bought insurance from the same company for more than four years, and roughly 40% of drivers have never compared rates from other carriers. Many consumers in the U.S. can save hundreds of dollars each year by just comparing rate quotes, but they don’t understand how simple it is to shop around.

To save the most money, the best way to find cheaper prices for Jaguar XK insurance in Lexington is to start comparing prices yearly from insurers that insure vehicles in Kentucky. Drivers can shop around by completing these steps.

The key aspect of shopping around is that you use identical coverages on each quote request and and to get prices from every company you can. Doing this helps ensure a fair rate comparison and a thorough selection of prices.

Most companies allow you to get coverage prices online. The process doesn’t take a lot of time as you simply type in your coverage information into a form. Once you submit the form, the quote system sends out for reports for credit and driving violations and gives you a price quote determined by many factors.

This makes it simple to compare prices and it is important to have as many quotes as possible in order to find cheap auto insurance pricing.

To save time and find out if lower rates are available, compare rate quotes from the providers shown below. If you have a policy now, it’s recommended you input the insurance coverages as shown on your current policy. This ensures you are getting a rate comparison for similar insurance coverage.

The companies shown below offer price comparisons in Lexington, KY. If multiple companies are listed, it’s a good idea that you visit as many as you can to get a more complete price comparison.

Car insurance data for a Jaguar XK

The price information shown below showcases estimates of insurance rates for Jaguar XK models. Being more informed about how insurance premiums are formulated can aid in making smart choices when comparing insurance quotes.

Jaguar XK Insurance Rates in Lexington, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XK Portfolio 2-Dr Coupe $420 $966 $286 $16 $86 $1,774 $148
XK 2-Dr Coupe $420 $966 $286 $16 $86 $1,774 $148
XK Portfolio 2-Dr Convertible $454 $882 $336 $20 $100 $1,792 $149
XK 2-Dr Convertible $454 $882 $336 $20 $100 $1,792 $149
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Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Price information does not factor in specific zip code location which can revise insurance rates considerably.

Car insurance deductibles

One frequently asked question is how high should your deductibles be. The following tables may aid in understanding how much more you’ll pay when you buy lower versus higher physical damage deductibles. The first rate estimation uses a $100 physical damage coverage deductible and the second price chart uses a $1,000 deductible.

Jaguar XK insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XK Portfolio 2-Dr Coupe $462 $1050 $278 $16 $84 $1,915 $160
XK 2-Dr Coupe $462 $1050 $278 $16 $84 $1,915 $160
XK Portfolio 2-Dr Convertible $498 $960 $326 $20 $98 $1,927 $161
XK 2-Dr Convertible $498 $960 $326 $20 $98 $1,927 $161
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Jaguar XK insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XK Portfolio 2-Dr Coupe $256 $554 $278 $16 $84 $1,188 $99
XK 2-Dr Coupe $256 $554 $278 $16 $84 $1,188 $99
XK Portfolio 2-Dr Convertible $276 $506 $326 $20 $98 $1,226 $102
XK 2-Dr Convertible $276 $506 $326 $20 $98 $1,226 $102
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Table data does not factor in specific garaging location which can change premium rates considerably.

Based on this data, using a $100 deductible costs about $60 more each month or $720 annually across all Jaguar XK models than choosing 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 usually have at a minimum 15 months between claims, you would save more money by going with a higher deductible. Below is how you can do this calculation yourself.

Average monthly premium for $100 deductibles: $161
Average monthly premium for $1,000 deductibles (subtract): – $101
Monthly savings from raising deductible: $60
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $60
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

Driving violations and accidents

The example below shows how speeding tickets and accident claims can drive up Jaguar XK car insurance rates for different insured age categories. The premiums are based on a single male driver, full coverage, $500 deductibles, and no additional discounts are factored in.

Impact of age and gender on car insurance rates

The example below shows the comparison of Jaguar XK annual premium costs for male and female drivers. The premium estimates are based on no violations or accidents, full coverage, $100 deductibles, drivers are single, and no additional discounts are factored in.

You may qualify for discounts for Jaguar XK insurance in Lexington

Car insurance is not an enjoyable expense, but there could be available discounts to cut the cost considerably. Many of these discounts will be applied automatically at quote time, but some may not be applied and must be asked for in order for you to get them.Cheaper car insurance with discounts

While discounts sound great, it’s important to understand that most discounts do not apply to the entire policy premium. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. Just because it seems like you can get free auto insurance, companies wouldn’t make money that way.

The example below illustrates the comparison of Jaguar XK car insurance rates with and without discounts applied to the policy rates. The information is based on a male driver, no tickets, no at-fault accidents, Kentucky state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, homeowner, safe-driver, multi-car, and marriage discounts applied.

If you would like to view companies that offer some of these discounts in Lexington, follow this link.

Best reasons to buy car insurance in Kentucky

Even though Lexington XK insurance rates can get expensive, buying car insurance is a good idea for several reasons.

First, almost all states have mandatory liability insurance requirements which means state laws require a specific level of liability insurance in order to get the vehicle licensed. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you took out a loan on your car, almost every bank will require that you have insurance to guarantee payment of the loan. If you cancel or allow the policy to lapse, the bank may insure your Jaguar at an extremely high rate and make you pay for the expensive policy.

Third, car insurance preserves both your Jaguar and your assets. Insurance will pay for medical bills for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, will also pay for a defense attorney if you cause an accident and are sued. If your car is damaged in a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.

The benefits of carrying enough insurance greatly outweigh the cost, especially for larger claims. An average driver in America is currently overpaying as much as $700 annually so it’s recommended you shop around at least once a year to help ensure money is not being wasted.

You may need advice from a local insurance agent

Many people would prefer to get professional advice from a licensed agent and often times that is recommended One of the best bonuses of comparing rate quotes online is you may find the lowest rates and also buy local. Putting coverage with local insurance agents is important especially in Lexington.

Find insurance agent in LexingtonAfter filling out this simple form, your coverage information is immediately sent to local insurance agents in Lexington who will give competitive quotes to get your business. You don’t have to visit any agencies due to the fact that quote results will go to you. You can get cheaper auto insurance rates AND a local agent. In the event you want to compare rates from a specific company, you would need to jump over to their website and submit a quote form there.

When researching local Lexington agents, you should know the types of agencies and how they work. Auto insurance agencies can either be exclusive or independent agents depending on their company appointments.

Independent Auto Insurance Agencies

Agents in the independent channel are normally appointed by many insurers so they can insure your vehicles through many companies enabling the ability to shop coverage around. To transfer your coverage to a different company, your agent can switch companies which requires no work on your part. If you need lower rates, you should always compare quotes from a few independent agents to ensure the widest selection of prices. They also have the ability to place coverage with companies you’ve never heard of which may have better rates.

Shown below are independent agencies in Lexington that can possibly get you free auto insurance rate quotes.

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Exclusive Insurance Agencies

These agents can only place business with one company and some examples include AAA, Allstate, and State Farm. Exclusive agents cannot compare other company’s rates so you might not find the best rates. Exclusive agencies are well schooled in insurance sales and that enables them to sell even at higher rates. Some insured continue to use the same exclusive agent partially due to the brand and the convenience of having a single billing for all their coverages.

Shown below are Lexington exclusive agencies that can give you comparison quotes.

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Finding a good car insurance agent is decision based upon more than just a cheap price. Get answers to these questions too.

After getting reasonable responses to your questions and an acceptable price quote, you may have just found an auto insurance agent that meets your needs to service your policy. But remember, it’s your coverage and you can terminate coverage when you choose so never assume that you are permanently stuck with a specific agent for the full policy term.