Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years’ experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent Benji Carr

UPDATED: Oct 5, 2015

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Want cheaper insurance coverage rates for your Jaguar XJR? I can’t think of anyone who looks forward to paying premiums for insurance coverage, in particular when they are paying too much. Many car insurance companies compete to insure your vehicles, and because of this it can be hard to compare auto insurance companies and get the definite lowest price

Cheaper insurance rates with discounts

Car insurance can cost a lot, but there could be available discounts that many consumers don’t even know exist. A few discounts will be applied at the time of purchase, but some need to be inquired about before being credited.

  • Discounts for Seat Belt Usage – Buckling up and requiring all passengers to wear their seat belts can save up to 15% on the medical payments or PIP coverage costs.
  • Waiver for an Accident – This isn’t a discount exactly, but companies like Progressive, Allstate, and GEICO allow you one accident without raising rates if you have no claims for a set time period.
  • Save with More Vehicles Insured – Buying coverage for multiple cars or trucks with one company can reduce rates for all insured vehicles.
  • ABS and Traction Control Discounts – Cars that have anti-lock braking systems are safer to drive and qualify for as much as a 10% discount.
  • Sign Early and Save – A few larger companies allow discounts for signing up prior to the expiration date on your current policy. This can save 10% or more.
  • Theft Prevention System – Cars and trucks equipped with tracking devices and advanced anti-theft systems have a lower chance of being stolen and therefore earn up to a 10% discount.

Discounts lower rates, but some credits don’t apply to the entire cost. Some only apply to the cost of specific coverages such as liability, collision or medical payments. So even though you would think you would end up receiving a 100% discount, you won’t be that lucky. But all discounts will cut your insurance premiums.

Companies and their possible discounts are detailed below.

  • GEICO offers premium reductions for seat belt use, good student, driver training, defensive driver, emergency military deployment, and anti-theft.
  • Travelers offers discounts for early quote, good student, payment discounts, multi-policy, new car, continuous insurance, and multi-car.
  • Farm Bureau may offer discounts for 55 and retired, multi-vehicle, youthful driver, safe driver, renewal discount, driver training, and good student.
  • Liberty Mutual has discounts for safety features, hybrid vehicle, new graduate, teen driver discount, newly retired, and multi-car.
  • American Family may include discounts for accident-free, good driver, good student, defensive driver, air bags, TimeAway discount, and mySafetyValet.
  • Progressive offers discounts including good student, multi-policy, online signing, multi-vehicle, online quote discount, and homeowner.

If you want cheaper auto insurance quotes, ask every insurance company which discounts you qualify for. Some of the discounts discussed earlier may not apply to policies in your state. To find insurance companies offering insurance discounts, click this link.

Enter your zip code below to view companies that have cheap auto insurance rates.

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You can change your insurance costs

When buying insurance coverage it’s important to understand a few of the rating criteria that help calculate the price you pay for insurance coverage. When you understand what determines premiums, this enables informed choices that may reward you with lower rates.

  • Poor credit decisions can cost you – Having a bad credit rating is a large factor in determining what you pay for insurance coverage. Drivers with high credit ratings tend to be more responsible and file fewer claims as compared to drivers with lower ratings. If your credit history is low, you could be paying less to insure your 1997 Jaguar XJR by improving your rating.
  • Teenagers vs. experienced drivers – Teenage drivers are proven to be less responsible when at the wheel of a vehicle so they pay higher insurance coverage rates. Having to add a beginning driver onto a policy can increase premiums substantially. More experienced drivers are shown to be more cautious, tend to cause fewer accidents and get fewer tickets.
  • Vehicle features impact rates – Purchasing a vehicle that has an advanced theft prevention system can help bring down rates. Theft deterrent systems such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop your vehicle from being stolen.
  • Your gender affects costs – Statistics demonstrate that females tend to be a little less risky than males. The data does not necessarily mean that men are worse drivers. Women and men tend to get into auto accidents at about the same rate, but the male of the species get into accidents with more damage. They also have more aggressive citations like reckless driving and DUI.
  • Raise comp and collision deductibles and save – Coverage for physical damage, aka comp and collision, covers damage that occurs to your Jaguar. Some instances where coverage would apply are collision with another vehicle, vandalism, and having your car stolen. Comp and collision deductibles state the amount of money you are required to pay before a claim is paid by your company. The more you are required to pay out-of-pocket, the less your insurance coverage will be on XJR insurance.

Tailor your insurance coverage coverage to you

When buying coverage for your vehicles, there really is no cookie cutter policy. Coverage needs to be tailored to your specific needs so your insurance needs to address that. These are some specific questions might point out whether you would benefit from an agent’s advice.

  • Am I covered if my car is in a flood?
  • Should I have combined single limit or split liability limits?
  • Exactly who is provided coverage by my policy?
  • Do I need more liability coverage?
  • Is my babysitter covered when using my vehicle?
  • Can I drive in Mexico and have coverage?
  • Am I getting all the discounts available?
  • Does my 1997 Jaguar XJR qualify for pleasure use?
  • Is my ex-spouse still covered by my policy?
  • Should I bundle my homeowners policy with my auto?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Do drivers who switch really save $485 a year?

Consumers can’t get away from ads that claim the lowest car insurance rates from the likes of Allstate, GEICO and Progressive. They all seem to convey the message about savings if you move your policy.

How is it plausible that every one can say the same thing? This is the way they can do it.

Many companies have a preferred profile for the type of driver that will add to their bottom line. An example of this type of risk profile should be between 25 and 40, carries full coverage, and drives less than 5,000 miles a year. Anybody who meets those qualifications is entitled to the best price and is almost guaranteed to save money with a new company.

Potential customers who don’t meet this ideal profile must pay a higher premium which leads to the prospect going elsewhere. The ad wording is “customers who switch” not “everyone who quotes” can get the lowest rates when switching. That’s why insurance companies can confidently make those claims.

Because every company is different, you should compare many company’s rates. Because you never know with any certainty which company will provide the lowest prices.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Educate yourself about insurance coverages

Understanding the coverages of your insurance policy aids in choosing the best coverages for your vehicles. Policy terminology can be ambiguous and coverage can change by endorsement. Shown next are the normal coverages found on most insurance policies.

Collision coverage protection

Collision insurance covers damage to your XJR resulting from a collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for things such as damaging your car on a curb, driving through your garage door, colliding with another moving vehicle, crashing into a ditch and rolling your car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to bump up the deductible to save money on collision insurance.

Liability coverage

This can cover damage or injury you incur to a person or their property by causing an accident. It protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 50/100/50 which means a $50,000 limit per person for injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against things like funeral expenses, legal defense fees, loss of income, bail bonds and repair bills for other people’s vehicles. How much liability should you purchase? That is a decision to put some thought into, but buy as high a limit as you can afford.

Comprehensive (Other than Collision)

Comprehensive insurance pays for damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers things such as damage from a tornado or hurricane, a broken windshield and fire damage. The most you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Medical expense insurance

Med pay and PIP coverage provide coverage for short-term medical expenses for funeral costs, hospital visits and dental work. The coverages can be used in conjunction with a health insurance plan or if there is no health insurance coverage. They cover all vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Protection from uninsured/underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Normally the UM/UIM limits are set the same as your liablity limits.

The best insurance company isn’t always the cheapest

When shopping online for insurance coverage, don’t be tempted to reduce coverage to reduce premium. In many cases, someone dropped physical damage coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your goal is to purchase a proper amount of coverage at the best possible price, but don’t skip important coverages to save money.

You just learned many ideas to reduce 1997 Jaguar XJR insurance rates online. The most important thing to understand is the more price quotes you have, the better your chances of lowering your car insurance rates. Consumers may even find the most savings is with some of the smallest insurance companies. These companies often have lower car insurance rates on specific markets as compared to the big name companies such as Allstate or State Farm.

Much more information about insurance coverage is located at the links below