Want to save money and find cheaper Jaguar XF insurance in Minneapolis? Pricey car insurance in Minneapolis can take a big chunk out of your accounts and force you to tighten up your finances. Performing a price comparison can be a smart way to lower your monthly bill.
Remarkably, a study showed that the vast majority of car insurance customers kept buying from the same company for more than four years, and 38% of customers have never even compared quotes to find cheaper rates. Most drivers in Minnesota can cut their rates by almost 50% a year by just shopping around, but they underestimate the amount of money they would save if they switched to a more affordable policy.
You have so many auto insurance companies to pick from, and although it’s a good thing to have a selection, more options can take longer to compare rates for Jaguar XF insurance in Minneapolis.
Consumers should take time to compare prices occasionally because prices tend to go up over time. Despite the fact that you may have had the best rate on Jaguar XF insurance in Minneapolis a year ago you can probably find a better premium rate now. You’ll find a ton of advice on XF insurance on the web, but we’re going to give you some proven techniques to find cheap car insurance in Minneapolis.
Buying the cheapest insurance in Minneapolis is much easier if you know where to start. Virtually each driver who shops for insurance will most likely be able to save money. Nevertheless, Minnesota consumers must learn the way companies sell insurance online because rates fluctuate considerably.
How You Can Control Jaguar XF Insurance Premiums
Many things are used in the calculation when you get your auto insurance bill. Some are pretty understandable such as your driving record, but other criteria are less apparent such as your marital status or your financial responsibility. 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 are used to determine your policy premiums. If you have a feel for what determines premiums, this empowers consumers to make smart changes that can earn you big savings.
High performance vehicles cost more to insure – The performance level of the vehicle you drive makes a significant difference in the rate you pay. Low performance passenger models usually have the lowest premiums, but that’s not the only thing that factors into the final price.
The following chart assumes a single female driver age 50, full coverage with $100 deductibles, and no discounts or violations. It illustrates Jaguar XF car insurance rates compared to other models of vehicles that have a range of performance risks.
Continuous coverage lowers rates – Having a gap between insurance policy dates can be a sure-fire way to pay more for car insurance. In addition to paying higher premiums, failure to provide proof of insurance could result in a steep fine or even jail time. You will then be forced to provide proof of insurance in the form of an SR-22 filing with the Minnesota DMV.
Increase comp and collision deductibles to save – The deductibles you choose state the amount of money you are willing to pay if the claim is covered. Insurance for physical damage to your car, also called ‘full coverage’, insures against damage to your car. Some instances where coverage would apply would be collision with another vehicle, fire damage, or theft of your vehicle. The more of the claim the insured has to pay upfront, the less your company will charge you for insurance.
Your spouse saves you money – Your spouse may cut your premiums when shopping for car insurance. Having a spouse is viewed as being more mature and statistics show married couples file fewer claims.
Commute or pleasure use – The higher the miles on your Jaguar in a year the more you will pay for car insurance. Many insurance companies charge to insure your cars based upon how much you drive. Cars not used for work or commuting receive lower rates as compared to vehicles used primarily for driving to work. Verify your vehicle rating shows how each vehicle is driven. An incorrectly rated XF may be costing you higher rates.
Save money with alarms and GPS tracking – Owning a car with a theft deterrent system can earn a premium discount. Advanced theft deterrents such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all hinder vehicle theft.
Your occupation can affect prices – Occupational choices like real estate brokers, executives, and medical professionals generally pay higher rates than average in part from high stress levels and lengthy work days. Other occupations like scientists, students and homemakers pay lower than average rates.
Jaguar XF insurance loss statistics – Insurance companies take into consideration historical loss data for every vehicle to determine a rate that will be profitable for them. Models that tend to have a trend towards higher claim severity or frequency will have higher rates.
The next table shows the actual insurance loss data for Jaguar XF vehicles. For each policy coverage type, the claim amount for all vehicles, without regard to make or model, is a value of 100. Values under 100 suggest losses that are better than average, while numbers above 100 point to more frequent losses or tendency to have higher losses.
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Jaguar XF 4dr 2WD||169||101||191||98|
|Jaguar XF 4dr 4WD||206||83||152|
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
To find cheaper Minneapolis car insurance quotes, there are several ways to get quotes from different companies. The easiest way to comparison shop consists of shopping online.
Comparing free quotes online is easy and it, replaces the need to physically go to insurance agents’ offices. Buying insurance online makes this unnecessary unless you require the trained advice that only a licensed agent can provide. However, consumers can get the lowest quotes online but buy from a local insurance agent. When price shopping your coverage, getting more free quotes increases the chance that you will find the best offered rates.
The companies shown below are ready to provide price quotes in Minnesota. If multiple companies are listed, it’s a good idea that you get rates from several of them to get the best price comparison.
Rate information and statistics
The rate information shown below covers different coverage prices for Jaguar XF models. Having a good understanding how rates are calculated can help customers make decisions on which coverage to buy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|XF Luxury 4-Dr Sedan||$326||$716||$412||$24||$124||$1,602||$134|
|XF Premium 4-Dr Sedan||$326||$716||$412||$24||$124||$1,602||$134|
|XF Supercharged 4-Dr Sedan||$356||$800||$412||$24||$124||$1,716||$143|
|XF R 4-Dr Sedan||$386||$882||$412||$24||$124||$1,828||$152|
|Get Your Own Custom Quote Go|
Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Estimates do not factor in specific location which can affect auto insurance rates substantially.
The chart below shows how choosing a deductible and can increase or decrease Jaguar XF yearly insurance costs for different age groups. The data assumes a married male driver, full physical damage coverage, and no discounts are taken into consideration.
Irresponsible driving raises your rates
The example below demonstrates how traffic citations and at-fault collisions increase Jaguar XF annual premium costs for different age groups. The rate quotes are based on a single female driver, comp and collision included, $250 deductibles, and no policy discounts are applied.
Full coverage rates vs. liability-only
The illustration below illustrates the comparison of Jaguar XF car insurance rates with and without full coverage. The information is based on no claims or driving citations, $500 deductibles, drivers are single, and no discounts are applied to the premium.
Should you be buying full coverage?
There is no clear-cut formula of when to phase out physical damage coverage, but there is a general guideline. If the annual cost of having full coverage is more than around 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.
For example, let’s pretend your Jaguar XF settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $4,000 after paying your policy deductible. If you are paying more than $400 a year for full coverage, then you may want to consider only buying liability coverage.
There are some scenarios where eliminating full coverage is not financially feasible. If you haven’t satisfied your loan, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should maintain full coverage.
Buying the right Jaguar vehicle insurance in Minnesota is an important decision
Even though Minneapolis XF insurance rates can get expensive, insurance is most likely required but also gives you several important benefits.
- Just about all states have mandatory insurance requirements which means the state requires specific limits of liability coverage in order to license the vehicle. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a loan on your XF, most lenders will force you to carry insurance to guarantee loan repayment. If the policy lapses, the lender may have to buy a policy to insure your Jaguar at an extremely high rate and make you pay the higher premium.
- Car insurance preserves both your vehicle and your personal assets. Insurance will also pay for most medical and hospital costs for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, also covers all legal expenses up to the policy limit if someone files suit against you as the result of an accident. If damage is caused by hail or an accident, comprehensive and collision coverage will pay to repair the damage.
The benefits of having insurance more than offset the price you pay, particularly for liability claims. On average, a vehicle owner in Minneapolis is overpaying more than $750 every year so we recommend shopping around at least once a year to ensure rates are inline.
Get cheaper Jaguar XF insurance in Minneapolis with discounts
Car insurance companies don’t always publicize the entire discount list very clearly, so below is a list a few of the more common and also the more inconspicuous savings tricks you should be using when you buy Minneapolis car insurance online. If you don’t get every credit you deserve, you are throwing money away.
- Discounts for Government Workers – Simply working for the federal government could cut as much as 10% off with some insurance companies.
- Paper-free Discount – A few companies give back up to $50 for buying your policy on the web.
- Use Seat Belts – Forcing all vehicle occupants to use their safety belts can save a little off the PIP or medical payment premium.
- Save over 55 – Seniors can get lower premium rates.
- Driver’s Education for Students – It’s a good idea to have your young drivers enroll in driver’s education as it will make them better drivers and lower rates.
- Low Mileage Discounts – Driving less could earn better rates on cars that stay parked.
- Distant Student – Older children living away from Minneapolis attending college and do not have access to a covered vehicle could qualify for this discount.
- Multiple Cars – Drivers who insure multiple vehicles with one company can get a discount for every vehicle.
- Life Insurance – Some insurance companies give a break if you buy some life insurance in addition to your auto policy.
- Military Rewards – Being on active duty in the military could trigger a small discount.
Don’t be shocked that most credits do not apply to your bottom line cost. Most only cut specific coverage prices like comprehensive or collision. If you do the math and it seems like you would end up receiving a 100% discount, nobody gets a free ride.
The chart below shows the difference between Jaguar XF insurance premiums with and without discounts being applied to the rates. The prices are based on a male driver, no tickets, no at-fault accidents, Minnesota state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, multi-policy, claim-free, marriage, and safe-driver discounts applied.
To see a list of providers that provide some of the discounts listed above in Minneapolis, click here.
Insurance agencies near you
A small number of people just want to talk to an insurance agent and that is recommended in a lot of cases One of the best bonuses of getting online price quotes is that you can find the best rates and still have a local agent.
Once you complete this form (opens in new window), your insurance coverage information is transmitted to companies in Minneapolis who will gladly provide quotes for your auto insurance coverage. There is no reason to contact any insurance agencies as quotes are delivered to your email. You can find lower rates without a big time investment. If for some reason you want to get a rate quote from a specific insurance company, just navigate to their website to submit a rate quote request.
Picking an company shouldn’t rely on just the premium amount. Any good agent in Minneapolis should know the answers to these questions.
- Do you work with a CSR or direct with the agent?
- Is there a local claims center in Minneapolis?
- Will they make sure you get an adequate claim settlement?
- How often do they review coverages?
- Are they primarily personal or commercial lines agents in Minneapolis?
- Is the agency active in community causes in Minneapolis?
Pick the best car insurance agent in Minneapolis for you
When finding a reputable agency, you must know there are a couple types of insurance agents and how they can service your needs differently. Insurance agencies in Minneapolis can be classified as either exclusive or independent (non-exclusive).
These type of agents can only provide one company’s prices and examples are Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents cannot shop your coverage around so keep that in mind. Exclusive agents are usually quite knowledgeable on sales techniques which helps them compete with independent agents.
Listed below is a short list of exclusive agencies in Minneapolis who may provide you with rate quotes.
Independent Auto Insurance Agencies
These agents do not work for one specific company so they can write business with many different companies and find you cheaper rates. If they quote lower rates, your agent can just switch to a different company and that require little work on your part. If you are comparing auto insurance prices, we recommend you check rates from several independent agencies in order to compare the most rates.
Below is a short list of independent insurance agents in Minneapolis that can give you comparison quotes.
TCF Agency Insurance Services Inc
801 S Marquette Ave – Minneapolis, MN 55402 – (612) 661-8400 – View Map
True Insurance Agency and Financial Services – Minneapolis Home and Auto Insurance
4708 Excelsior Blvd – St Louis Park, MN 55416 – (952) 388-2006 – View Map
One last note
In this article, we presented a lot of tips how to get a better price on Jaguar XF insurance in Minneapolis. The key concept to understand is the more providers you compare, the better chance you’ll have of finding the cheapest Jaguar XF rate quotes. You may even be surprised to find that the lowest car insurance rates come from a lesser-known regional company. They can often provide lower premium rates in certain areas than their larger competitors like Progressive and GEICO.
Affordable Jaguar XF insurance in Minneapolis can be purchased both online and with local Minneapolis insurance agents, so get free Minneapolis car insurance quotes from both of them so you have a total pricing picture. A few companies don’t offer online rate quotes and usually these regional insurance providers provide coverage only through independent insurance agents.
How to quote cheaper Jaguar XF insurance in Minneapolis
To save the most money, the best way to get discount Jaguar XF insurance is to compare prices at least once a year from insurers in Minneapolis.
- Spend some time learning about individual coverages and the steps you can take to lower rates. Many risk factors that result in higher rates such as speeding and poor credit history can be remedied by making minor changes to your lifestyle.
- Obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can provide rates from a single company like Progressive and State Farm, while independent agents can provide prices from multiple companies.
- Compare the new rate quotes to the price on your current policy and see if you can save money. If you find better rates and make a switch, verify that coverage does not lapse between policies.
- Give notification to your current company of your intent to cancel your current coverage and submit the signed application along with the required initial payment for the new policy. Immediately upon receiving it, safely store the certificate verifying coverage in your vehicle’s glove compartment or console.
The most important part of shopping around is that you’ll want to compare the same liability limits and deductibles on each price quote and and to analyze as many companies as feasibly possible. This helps ensure an apples-to-apples comparison and a good representation of prices.
More tips and info about insurance is available in the articles below:
- Auto Insurance Basics (Insurance Information Institute)
- What Car Insurance is Cheapest for a Nissan Altima in Minneapolis? (FAQ)
- Who Has Cheap Minneapolis Auto Insurance Quotes for Drivers Requiring a SR22? (FAQ)
- Who Has Affordable Minneapolis Auto Insurance for a Honda Pilot? (FAQ)
- Get the Right Protection (InsureUonline.org)
- Speed and Speed Limit FAQ (iihs.org)