Auto Insurance Rates for a Jaguar XJ in Nashville

It takes a little time, but the best way to save money on car insurance rates in Nashville is to regularly compare prices from insurance carriers that insure vehicles in Tennessee.

First, try to understand how car insurance works and the things you can change to keep rates down. Many rating criteria that cause rate increases such as at-fault accidents, careless driving, and a low credit score can be rectified by making small lifestyle or driving habit changes.

Second, compare prices from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only quote rates from one company like Progressive or State Farm, while independent agents can quote rates from multiple companies.

Third, compare the quotes to your current policy premium and see if you can save money. If you can save some money, make sure there is no coverage gap between policies.

A key point to remember is to make sure you enter similar coverage information on every quote and and to get quotes from every insurance company. This provides a fair rate comparison and the most accurate and complete price analysis.

A recent study showed that nearly 70% of Tennessee drivers have remained with the same auto insurance company for four years or more, and nearly 40% of drivers have never compared rate quotes at all. Many consumers in the U.S. can cut their rates by roughly $860 a year just by getting comparison quotes, but they feel it’s too difficult to find affordable insurance by shopping around.

Jaguar XJ insurance rates and statistics

The coverage information shown below highlights a range of insurance coverage prices for Jaguar XJ models. Being able to understand how car insurance prices are established helps drivers make informed decisions when shopping around for a new policy.

Table data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Price estimates do not factor in vehicle location which can affect premium rates noticeably.

Analysis of deductible levels

When comparing insurance rates, the most common question is how high should the deductibles for physical damage be. The following tables may aid in understanding the costs and benefits between low and high coverage deductibles. The first set of prices uses a $250 comprehensive and collision deductible and the second price table uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Premium amounts do not factor in specific zip code location which can raise or lower rates significantly.

We can estimate from the data above that using a $250 deductible costs an average of $34 more each month or $408 annually averaged for all XJ models than choosing the higher $1,000 deductible. Because you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you average at a minimum 22 months between claim filings, you would probably be better off if you elect the higher deductible.

The chart below shows how choosing a deductible and can impact Jaguar XJ insurance costs for each age group. The premiums assume a married female driver, comprehensive and collision coverage, and no discounts are applied to the premium.

Why Your Insurance Costs might be higher

Many factors are used when pricing auto insurance. Some factors are common sense such as your driving record, but others are less apparent like your vehicle usage or your vehicle rating.

• Which gender costs less? – Over the last 50 years, statistics have shown that females tend to be a little less risky than males. Now that doesn’t mean women are better drivers. They both cause accidents at about the same rate, but guys have costlier accidents. Men also get more serious tickets like DWI (DUI) or reckless driving.

  The illustration below compares Jaguar XJ insurance costs for male and female drivers. Data assumes no claims, a clean driving record, full physical damage coverage, $100 deductibles, single marital status, and no additional discounts are factored in.

• Add-on coverages push up premiums – There are a ton of optional add-on coverages that may not really be needed if you don’t pay attention. Add-on coverages like replacement cost coverage, better glass coverage, and motor club memberships are some examples. They may sound like good ideas when you first buy your policy, but if you don’t need them remove them from your policy.

• Premiums are lower the older you get – Drivers with little experience are statistically shown to be inattentive and easily distracted when at the wheel of a vehicle therefore car insurance rates are much higher. Older people are proven to be safer behind the wheel, tend to file fewer claims, and are safer drivers.

  The data below uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.

• Performance influences insurance prices – The make and model of the car you need to insure makes a big difference in determining your rates. The lowest base rates will generally be found on low performance passenger vehicles, but the cost you end up paying is determined by many additional factors.

  The chart below uses these assumptions: single male driver age 30, full coverage with $100 deductibles, and no discounts or violations. It shows Jaguar XJ car insurance rates compared to other models of vehicles that have a range of performance risks.

• Annual mileage and car insurance costs – The more you drive your Jaguar in a year the higher your rate. A lot of companies price each vehicle’s coverage based on their usage. Cars and trucks that have low annual miles get more affordable rates than those used for commuting. A policy that improperly rates your XJ is throwing money out the window. It’s a smart idea to ensure your car insurance coverage is showing the right rating data.
• Do you know your comp and collision deductibles? – Your deductibles are how much the insured will be required to pay before a claim is paid by your company. Insurance for physical damage, also called ‘full coverage’, covers damage that occurs to your car. A few examples of covered claims would be colliding with a stationary object, damage caused by hail, and having a roll-over accident. The more damage repair cost you have to pay, the less your company will charge you for insurance.

• Jaguar XJ insurance loss data – Car insurance companies study historical loss data when setting rates for each model. Vehicles that the statistics show to have higher number or severity of losses will have a higher premium rate.

  The table below illustrates the insurance loss data for Jaguar XJ vehicles. For each coverage category, the loss probability for all vehicles as a whole is represented as 100. Values under 100 imply a favorable loss record, while values that are above 100 point to more losses or a tendency for claims to be larger.

  
  

  Jaguar XJ Insurance Claim Statistics

  Vehicle Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Jaguar XJ 4dr 2WD	254
  Jaguar XJ 4dr 4WD	169		236
  Jaguar XJ 4dr LWB 2WD	210	88	149
  Jaguar XJ 4dr LWB 4WD	238		198

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Persistent drivers can save

Lower-priced insurance in Nashville can be purchased both online and from local insurance agents, and you should compare rates from both to have the best chance of lowering rates. Some insurance providers may not have price quotes online and many times these regional insurance providers provide coverage only through local independent agencies.

While you’re price shopping online, make sure you don’t skimp on critical coverages to save a buck or two. There are a lot of situations where an insured dropped uninsured motorist or liability limits and found out when filing a claim they didn’t purchase enough coverage. The ultimate goal is to purchase plenty of coverage for the lowest price.

Insureds who switch companies do it for a variety of reasons including lack of trust in their agent, high rates after DUI convictions, high prices and poor customer service. It doesn’t matter what your reason, switching insurance companies is not as difficult as it may seem.

Helpful learning opportunities

• Steps to Take After an Auto Accident (Insurance Information Institute)
• What Insurance is Cheapest for Drivers Under 25 in Nashville? (FAQ)
• Who Has Cheap Nashville Car Insurance Rates for Lyft Drivers? (FAQ)
• Avoiding Deer Collisions (Insurance Information Institute)
• Vehicle Insurance in the U.S. (Wikipedia)