Lower Your 2002 Jeep Wrangler Car Insurance Rates

Being forced to pay for high-priced car insurance premiums can drain your accounts and require stricter spending habits. Performing a rate comparison is a fast and free way to slash your bill and have more diposable income.

People have many insurance companies to buy insurance from, and though it is a good thing to have a choice, it makes it harder to find the best rates for your vehicles.

The purpose of this article is to instruct you on the best way to quote coverages and some money-saving tips. If you currently have a car insurance policy, you will most likely be able to reduce your rates substantially using these techniques. But consumers need to have an understanding of the methods companies use to determine prices and use this information to your advantage.

Insurance quotes and discounts

Not many people think insurance is cheap, but discounts can save money and there are some available that can help lower your rates. Many discounts should be triggered at the time of purchase, but lesser-known reductions have to be inquired about in order for you to get them.

  • Save with a New Car – Buying a new car model can save you some money because newer models have to meet stringent safety requirements.
  • Good Student Discount – Performing well in school can get you a discount of up to 25%. The discount lasts up until you turn 25.
  • Discounts for Good Drivers – Drivers who don’t get into accidents can get discounts for up to 45% lower rates for Wrangler insurance compared to accident prone drivers.
  • Resident Student – Youth drivers who are enrolled in higher education away from home and do not have a car can receive lower rates.
  • Discount for Life Insurance – Companies who offer life insurance give a lower rate if you buy some life insurance in addition to your auto policy.
  • Low Mileage – Low mileage vehicles may allow you to get cheaper prices.

You should keep in mind that most of the big mark downs will not be given to your bottom line cost. Some only reduce the cost of specific coverages such as comprehensive or collision. Even though it may seem like having all the discounts means you get insurance for free, companies wouldn’t make money that way. Any amount of discount will definitely lower the cost of coverage.

A few of the larger companies and a partial list of their discounts are included below.

  • State Farm includes discounts for student away at school, good student, driver’s education, good driver, passive restraint, Drive Safe & Save, and multiple autos.
  • Esurance policyholders can earn discounts including DriveSense, online quote, paid-in-full, claim free, anti-lock brakes, defensive driver, and multi-car.
  • Progressive may offer discounts for online quote discount, multi-vehicle, online signing, multi-policy, continuous coverage, good student, and homeowner.
  • Liberty Mutual has savings for new move discount, exclusive group savings, newly married, preferred payment discount, and multi-policy.
  • Auto-Owners Insurance offers premium reductions for anti-theft, anti-lock brakes, multi-policy, paperless, group or association, and safe driver.
  • GEICO offers discounts including anti-theft, multi-policy, five-year accident-free, military active duty, defensive driver, seat belt use, and federal employee.

When getting a coverage quote, ask each insurance company what discounts are available to you. Savings may not be offered everywhere. If you would like to see a list of insurers that offer discounts, click here.

Insurance premium influencing factors

Lots of factors are used in the calculation when premium rates are determined. Some of the criteria are obvious like your driving record, but others are more obscure such as whether you are married and annual miles driven.

  • Gender is a factor – The statistics show women are more cautious behind the wheel. Now that doesn’t mean men are WORSE drivers than women. Males and females have at-fault accidents at a similar rate, but guys cause more damage and cost insurance companies more money. Not only that, but men also get cited for more serious violations like DUI and reckless driving. Young males generally have the highest accident percentage and therefore are the most expensive to insure.
  • Can a thief steal your car? – Driving a car that has an advanced theft prevention system can help bring down rates. Systems that thwart theives such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help prevent your vehicle from being stolen.
  • Marriage is a factor – Your spouse may earn you lower rates when shopping for insurance. Having a significant other is viewed as being more stable financially and insurance companies like that married drivers tend to have fewer serious accidents.
  • The higher your credit history the lower your premiums – A driver’s credit score is a big factor in determining premium rates. If your credit score is low, you may save money insuring your 2002 Jeep Wrangler by improving your rating. Consumers who have very high credit ratings tend to be more responsible than drivers with lower ratings.
  • Poor driving habits leads to higher costs – Your driving record influences premium rates substantially. Just one speeding ticket may increase your cost forty percent or more. Careful drivers pay lower auto insurance prices compared to bad drivers. Drivers with dangerous violations such as DWI, reckless driving or hit and run convictions may face state-mandated requirements to submit a SR-22 form with their state DMV in order to legally drive.
  • Age of drivers – Beginning drivers tend to be easily distracted when behind the wheel and because of this, their insurance rates are much higher. Adding a first-time driver onto your insurance can really hurt. Mature drivers tend to be more responsible, cost insurance companies less in claims .
  • Raise coverage deductibles and save – Physical damage deductibles define the amount you are willing to pay if a covered claim is submitted. Insurance for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Examples of some claims that would be covered are colliding with a stationary object, animal collisions, and damage caused by road hazards. The more expense you have to pay, the less money you will pay for insurance for Wrangler insurance.
  • Less chance of injury means lower insurance rates – Vehicles with good safety scores cost less to insure. These vehicles have better occupant injury protection and fewer serious injuries means less money paid by your insurance company and cheaper rates on your policy. If your Jeep Wrangler scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may be receiving a better rate.

Situations that may require an agent’s advice

When buying adequate coverage for your vehicles, there isn’t really a “perfect” insurance plan. Everyone’s needs are different and your policy should reflect that. These are some specific questions may help you determine if your insurance needs could use an agent’s help.

  • Can my teen driver be rated on a liability-only vehicle?
  • Am I covered if I crash into my own garage door?
  • Is my Jeep Wrangler covered if I use it for business?
  • What exactly is covered by my policy?
  • Do I pay less if my vehicle is kept in my garage?
  • How much liability do I need to cover my assets?
  • Why do I only qualify for high-risk insurance?

If you can’t answer these questions but one or more may apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies.

Why you might not save $486 a year

Companies like GEICO, State Farm and Progressive continually stream ads on TV and radio. All the companies seem to make the promise that people will save if you move your policy. How can each company make the same claim? Here is the trick they use.

Car insurance companies quote their best rates for the type of driver that is profitable for them. One example of this type of risk profile could be a female over age 40, is a homeowner, and drives less than 7,500 miles a year. Anyone who fits those characteristics receives the best prices and will probably save if they switch.

People who do not match this ideal profile may receive higher premiums which translates to the customer buying from a different company. If you listen to the ad wording, they say “customers that switch” not “everyone that quotes” save that much when switching. This is how companies can make those claims.

This really emphasizes why you really need to compare free insurance quotes often. It is impossible to guess which company will give you lower rates than your current company.

Coverages available on your insurance policy

Understanding the coverages of your insurance policy can help you determine which coverages you need at the best deductibles and correct limits. Policy terminology can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverages offered by insurance companies.

Collision coverage

Collision coverage will pay to fix damage to your Wrangler caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like colliding with another moving vehicle, crashing into a building, hitting a mailbox, scraping a guard rail and rolling your car. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Comprehensive coverages

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers things such as damage from flooding, fire damage and damage from a tornado or hurricane. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Liability

Liability insurance will cover damages or injuries you inflict on people or other property that is your fault. This coverage protects you against other people’s claims. It does not cover your injuries or vehicle damage.

Liability coverage has 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 100/300/100 which means a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for things like structural damage, repair bills for other people’s vehicles, loss of income and medical services. The amount of liability coverage you purchase is a personal decision, but you should buy higher limits if possible.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for expenses like doctor visits, ambulance fees, nursing services and EMT expenses. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Uninsured and underinsured coverage

Your UM/UIM coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries and also any damage incurred to your Jeep Wrangler.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Normally these coverages are identical to your policy’s liability coverage.

Shop around and save

Cheaper 2002 Jeep Wrangler insurance is attainable online and with local insurance agents, and you need to price shop both so you have a total pricing picture. Some insurance companies may not provide the ability to get quotes online and usually these small, regional companies only sell coverage through independent agents.

In this article, we presented quite a bit of information on how to compare 2002 Jeep Wrangler insurance premium rates online. The key concept to understand is the more price quotes you have, the higher the chance of saving money. Consumers may even find the lowest premium rates come from the least-expected company. These companies may have significantly lower prices on certain market segments as compared to the big name companies such as Allstate, GEICO and Progressive.

More detailed insurance coverage information can be read by following these links: