It takes a little time, but the best way to find better pricing on car insurance rates in Louisville is to do a yearly price comparison from companies who provide auto insurance in Kentucky. Price quotes can be compared by completing these steps.
First, try to comprehend what coverages are included in your policy and the factors you can control to drop your rates. Many rating factors that are responsible for high rates like traffic tickets, fender benders, and a not-so-good credit score can be rectified by making lifestyle changes or driving safer. Read the full article for tips to find cheap rates and earn a bigger discount.
Second, quote rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from a single company like GEICO or Allstate, while independent agents can provide rate quotes for a wide range of companies.
Third, compare the new rate quotes to your existing policy to determine if switching companies saves money. If you find better rates, ensure there is no coverage lapse between policies.
Fourth, provide proper notification to your current company of your intent to cancel your current auto insurance policy. Submit a down payment along with a signed application to the new company. Don’t forget to keep your new certificate verifying coverage with the vehicle registration.
One tip to remember is to make sure you’re comparing similar deductibles and liability limits on each price quote and and to get price quotes from as many companies as feasibly possible. This provides an apples-to-apples comparison and the best price selection.
A recent NerdWallet.com study revealed that nearly 70% of customers kept buying from the same company for a minimum of four years, and 38% of drivers have never quoted insurance rates at all. Many consumers in Louisville can cut their rates by approximately $631 a year, but most just don’t grasp the rate savings if they switched.
All the larger insurance companies allow consumers to get pricing directly from their websites. This process is quite simple as you simply enter the coverages you want as requested by the quote form. Once entered, their rating system pulls your driving and credit reports and provides a quote determined by many factors.
The ability to get online price quotes for Jaguar XK insurance in Louisville makes it a lot easier to compare rates and it’s very important to get many rate quotes if you want to get cheap rates.
To save time and find out how much you can save on insurance, consider comparing rates from the companies shown below. If you have a policy now, it’s recommended you type in the limits and deductibles just like they are on your policy. This helps ensure you are getting a fair comparison using the same coverage and limits.
The companies shown below are our best choices to provide price quotes in Louisville, KY. To find cheap auto insurance in KY, it’s highly recommended you compare several of them in order to find the most competitive rates.
Jaguar XK insurance statistics and information
The premium table displayed next covers a range of insurance coverage prices for Jaguar XK models. Learning a little about how premiums are established is important for making smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XK Portfolio 2-Dr Coupe | $398 | $1030 | $292 | $18 | $88 | $1,826 | $152 |
| XK 2-Dr Coupe | $398 | $1030 | $292 | $18 | $88 | $1,826 | $152 |
| XK Portfolio 2-Dr Convertible | $428 | $940 | $342 | $20 | $102 | $1,832 | $153 |
| XK 2-Dr Convertible | $428 | $940 | $342 | $20 | $102 | $1,832 | $153 |
| Get Your Own Custom Quote Go | |||||||
Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Rates do not factor in specific zip code location which can revise premiums greatly.
Can higher deductibles save money?
One of the most common insurance questions is how high should the physical damage coverage deductibles be. The tables below approximate the rate difference of buying low and high insurance deductibles. The first rate quote example uses a $250 physical damage deductible and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XK Portfolio 2-Dr Coupe | $414 | $880 | $278 | $16 | $84 | $1,697 | $141 |
| XK 2-Dr Coupe | $414 | $880 | $278 | $16 | $84 | $1,697 | $141 |
| XK Portfolio 2-Dr Convertible | $448 | $804 | $326 | $20 | $98 | $1,721 | $143 |
| XK 2-Dr Convertible | $448 | $804 | $326 | $20 | $98 | $1,721 | $143 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XK Portfolio 2-Dr Coupe | $338 | $710 | $278 | $16 | $84 | $1,426 | $119 |
| XK 2-Dr Coupe | $338 | $710 | $278 | $16 | $84 | $1,426 | $119 |
| XK Portfolio 2-Dr Convertible | $364 | $648 | $326 | $20 | $98 | $1,456 | $121 |
| XK 2-Dr Convertible | $364 | $648 | $326 | $20 | $98 | $1,456 | $121 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Prices do not factor in vehicle garaging location which can impact coverage prices substantially.
We can estimate from the data above that using a $250 deductible could cost the average driver approximately $22 more each month or $264 every year across all Jaguar XK models than selecting the higher $500 deductible. Due to the fact that you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you tend to average more than 11 months between claim filings, you would save more money if you elect the higher deductible.
The diagram below illustrates how your choice of deductibles and can increase or decrease Jaguar XK insurance rates for different categories of driver ages. The premium estimates are based on a married female driver, full coverage, and no other discounts are factored in.
Comparison of full coverage and liability-only policies
The information below compares Jaguar XK auto insurance rates when comparing full coverage to state minimum liability only. The information is based on no violations or claims, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.
Deciding between full coverage and liability only
There is no set guideline that is best for determining when to drop comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.
For example, let’s pretend your Jaguar XK book value is $7,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $6,000 after you pay the deductible. If you are currently paying more than $600 a year for your policy with full coverage, then it could be time to drop full coverage.
There are a few cases where buying only liability insurance is not in your best interest. If you still owe money on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.
Affordable rates on Jaguar XK insurance in Louisville with these discounts
Auto insurance is neither fun to buy or cheap, but you might be missing out on some discounts that you may not even know about. Some trigger automatically at the time of quoting, but some must be specially asked for in order for you to get them.
- Accident Waiver – Not really a discount, but certain companies will let one accident slide without raising rates if you are claim-free for a specific time period.
- Bundle and Save – When you have multiple policies with one insurance company you may save as much as 10 to 15 percent.
- Data Collection Discounts – Policyholders that allow their auto insurance company to analyze vehicle usage by using a telematic data system like Allstate’s Drivewise could possibly reduce rates as long as the data is positive.
- Professional Organizations – Being a member of a qualifying organization can get you a small discount on your next renewal.
- Accident-Free Discounts – Drivers with accident-free driving histories pay less when compared with drivers with a long claim history.
- Mature Driver Discount – If you qualify as a senior citizen, you may qualify for a small discount on rates.
Drivers should understand that most of the big mark downs will not be given to your bottom line cost. The majority will only reduce specific coverage prices like liability and collision coverage. Despite the appearance that all the discounts add up to a free policy, you aren’t that lucky.
The chart below illustrates the comparison of Jaguar XK car insurance costs with and without policy discounts. The prices are based on a male driver, no driving violations, no at-fault accidents, Kentucky state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, claim-free, homeowner, multi-car, and multi-policy discounts applied.
A few popular companies and a partial list of their discounts are detailed below.
- Progressive offers discounts including good student, online quote discount, online signing, multi-vehicle, homeowner, continuous coverage, and multi-policy.
- SAFECO policyholders can earn discounts including safe driver, anti-theft, accident prevention training, teen safe driver, anti-lock brakes, and drive less.
- American Family includes discounts for good student, bundled insurance, early bird, accident-free, good driver, TimeAway discount, and Steer into Savings.
- MetLife offers premium reductions for accident-free, good student, defensive driver, claim-free, multi-policy, good driver
- GEICO has savings for anti-theft, anti-lock brakes, good student, emergency military deployment, and military active duty.
- The Hartford may offer discounts for anti-theft, defensive driver, vehicle fuel type, good student, air bag, driver training, and bundle.
Before buying, ask every insurance company to apply every possible discount. Some of the earlier mentioned discounts may not apply to policyholders in Louisville.
Why you need to buy car insurance
Despite the high cost, maintaining insurance is most likely required but also gives you several important benefits.
- Almost all states have minimum mandated liability insurance limits which means you are required to buy specific minimum amounts of liability coverage if you don’t want to risk a ticket. 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.
- If you bought your Jaguar with a loan, it’s most likely the lender will require you to carry insurance to ensure loan repayment if the vehicle is totaled. If the policy lapses, the lender will be forced to insure your Jaguar at an extremely high rate and require you to pay a much higher amount than you were paying before.
- Insurance protects both your car and your personal assets. It will also provide coverage for most medical and hospital costs for you, any passengers, and anyone injured in an accident. Liability coverage also pays for attorney fees and expenses if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, your policy will pay to repair the damage.
The benefits of having insurance are without a doubt worth the cost, especially if you ever need it. The average driver in America overpays as much as $865 each year so you should quote rates every year to make sure the price is not too high.
Insurance agents near you
A small number of people would prefer to talk to a local agent and that is not a bad decision One of the great benefits of comparing rate quotes online is you may find the lowest rates and also buy local.
To help locate an agent, after submitting this simple form, your insurance data is sent to insurance agents in Louisville who want to provide quotes for your car insurance coverage. It’s much easier because you don’t need to leave your house since rate quotes are delivered straight to your inbox. You can most likely find cheaper rates and a licensed agent to work with. In the event you want to get a comparison quote for a specific company, don’t hesitate to visit that company’s website and submit a quote form there.
Finding the right provider requires you to look at more than just a cheap quote. These are some questions you should get answers to.
- What is the agency’s Better Business Bureau rating?
- What company holds the largest book of business for them?
- Is vehicle mileage a factor when determining depreciation for repairs?
- What insurance companies do they work with in Louisville?
- Are they primarily personal or commercial lines agents in Louisville?
- How would your car be valued if totaled?
- How long have they worked with personal auto insurance coverage?
Is an exclusive or independent auto insurance agent right for you?
If you prefer to buy car insurance from a local Louisville insurance agency, you must know there are a couple different types of agencies that differ in how they can insure your vehicles. Car insurance agents can be classified as either exclusive or independent agents depending on their company appointments.
Exclusive Car Insurance Agencies
Exclusive insurance agents have only one company to place business with such as State Farm or Allstate. Exclusive agents are unable to compare rates from other companies so they have to upsell other benefits. Exclusive agents are well schooled on their company’s products and that can be a competitive advantage. Drivers often buy from exclusive agents partially due to loyalty to the company rather than having low rates.
The following are Louisville exclusive insurance agencies who may provide you with price quotes.
- Joe Bell Jr – State Farm Insurance Agent
4016 Preston Hwy – Louisville, KY 40213 – (502) 361-2367 – View Map - Dave Metzger – State Farm Insurance Agent
6015 Bardstown Rd – Louisville, KY 40291 – (502) 239-4800 – View Map - Brandon Warren – State Farm Insurance Agent
12342 Shelbyville Rd – Louisville, KY 40243 – (502) 254-9300 – View Map
Independent Car Insurance Agents
Agents that choose to be independent often have many company appointments and that is an advantage because they can write policies with any number of different companies and find you cheaper rates. If you want to switch companies, they simply switch companies in-house and you stay with the same agent. If you are comparing rate quotes, you should always get some free quotes from several independent insurance agents to get the most accurate price comparison. Most also have access to small regional insurance companies that may have much lower rates than larger companies.
Below is a short list of independent agencies in Louisville that are able to give comparison quotes.
- Grant Insurance Agency, LLC
13000 Equity Pl #201 – Louisville, KY 40223 – (502) 254-3332 – View Map - Phil Brown Insurance Agency, Inc.
9300 Shelbyville Rd #1004 – Louisville, KY 40222 – (502) 327-6966 – View Map - Schmidt Insurance Inc
7410 New La Grange Rd – Louisville, KY 40222 – (502) 429-0477 – View Map
Once you have positive responses to all your questions as well as a affordable price, you may have just found an insurance agency that is reliable enough to properly insure your vehicles.