Jaguar XJR-S Insurance in Nevada – 10 Discounts Consumers are Unaware of

Have you fallen victim to an overpriced auto insurance policy? Believe me when I say you’re not alone.

Numerous insurance companies battle for your hard-earned dollar, so it’s not easy to compare every provider and get the definite lowest price

These ten discounts can slash auto insurance rates

Car insurance companies do not advertise every available discount very well, so we took the time to find both the well known and also the lesser-known savings tricks you should be using.

Homeowners Savings – Simply owning a home can save you money because owning a home shows financial diligence.
Federal Employees – Being employed by or retired from a federal job can save as much as 8% on XJR-S coverage with certain companies.
Club Memberships – Being a member of a professional or civic organization is a good way to get lower rates when buying auto insurance on XJR-S coverage.
More Vehicles More Savings – Buying insurance for multiple cars or trucks with the same company could earn a price break for each car.
Good Students Pay Less – Performing well in school can be rewarded with saving of up to 25%. The good student discount can last up to age 25.
Anti-lock Brake System – Cars that have steering control and anti-lock brakes can avoid accidents and therefore earn up to a 10% discount.
Resident Student – Kids in college who live away from home and do not have a car may qualify for this discount.
Driver’s Ed – Require your teen driver to enroll in driver’s education in school.
Air Bag Discount – Vehicles equipped with air bags or motorized seat belts can get savings of 20% or more.
No Claims – Good drivers with no accidents pay less when compared to drivers who are more careless.

It’s important to understand that some of the credits will not apply to the entire policy premium. Most only apply to the price of certain insurance coverages like liability, collision or medical payments. So when it seems like adding up those discounts means a free policy, you won’t be that lucky.

For a list of providers with discount auto insurance rates in Nevada, follow this link.

Advertising myths

Auto insurance companies such as State Farm and Allstate constantly bombard you with television and radio advertisements. They all seem to make the same claim of big savings if you switch to them. How does each company say the same thing? This is how they do it.

All the different companies have a certain “appetite” for the type of customer that earns them a profit. A good example of a desirable insured could be over the age of 50, has no tickets, and drives newer vehicles. A driver who matches those parameters is entitled to the best price and is almost guaranteed to save a lot of money.

Drivers who do not match this ideal profile will be quoted more money and this can result in the customer not buying. The ad wording is “customers that switch” not “everybody who quotes” save money. That’s the way insurance companies can confidently state the savings. This emphasizes why you absolutely need to get as many comparisons as possible. It’s not possible to predict which company will give you the biggest savings.

For more reading

Even more information can be found at the Nevada Division of Insurance website. Nevada drivers can get help finding coverage, find disaster information, and read consumer alerts. free Nevada insurance quote

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Educate yourself about auto insurance coverages

Learning about specific coverages of your auto insurance policy can help you determine the right coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. These are the usual coverages found on the average auto insurance policy.

Liability coverages – This protects you from injuries or damage you cause to other’s property or people in an accident. It protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability insurance covers claims such as court costs, loss of income, medical expenses, repair costs for stationary objects and funeral expenses. The amount of liability coverage you purchase is up to you, but you should buy as high a limit as you can afford. Nevada state law requires minimum liability limits of 15,000/30,000/10,000 but it’s recommended drivers buy better liability coverage.

Uninsured or underinsured coverage – Your UM/UIM coverage gives you protection when other motorists either have no liability insurance or not enough. This coverage pays for injuries to you and your family and also any damage incurred to your Jaguar XJR-S.

Since many Nevada drivers only purchase the least amount of liability that is required (15/30/10), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Collision coverage – Collision coverage will pay to fix damage to your XJR-S resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as hitting a mailbox, colliding with a tree, hitting a parking meter, sustaining damage from a pot hole and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to save money on collision insurance.

Comprehensive protection – Comprehensive insurance coverage covers damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like hitting a bird, a tree branch falling on your vehicle, hitting a deer, hail damage and damage from flooding. The highest amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Medical expense coverage – Coverage for medical payments and/or PIP reimburse you for immediate expenses for nursing services, doctor visits, prosthetic devices and hospital visits. They are often utilized in addition to your health insurance program or if you do not have health coverage. Coverage applies to all vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

One last thing

We just showed you many tips how you can get a better price on Jaguar XJR-S insurance. The most important thing to understand is the more providers you compare, the higher the chance of saving money. Consumers may even find the most savings is with a smaller regional carrier. They may have significantly lower rates on certain market segments as compared to the big name companies such as State Farm, GEICO and Nationwide.

As you shop your coverage around, it’s not a good idea to skimp on coverage in order to save money. In many cases, someone dropped liability limits or collision coverage only to regret that their decision to reduce coverage ended up costing them more. Your aim should be to find the BEST coverage for the lowest price while still protecting your assets.