It’s astonishing, but a large majority of insurance policyholders have stayed with the same insurance company for at least the last four years, and practically 40% of insurance customers have never shopped around. Consumers in Virginia could pocket almost $500 a year by just comparing rate quotes, but most tend to underestimate the amount of money they would save if they swap their current policy for a cheaper one.
If you want to find the absolute lowest rates, then the best way to find cheaper car insurance rates in Virginia Beach is to start comparing prices yearly from providers who can sell car insurance in Virginia. Drivers can shop around by completing these steps.
- Read about the coverage provided by your policy and the steps you can take to lower rates. Many things that are responsible for high rates such as accidents, traffic violations, and an unacceptable credit rating can be amended by improving your driving habits or financial responsibility. This article gives more information to get cheaper coverage and find more discounts that you may not know about.
- Request price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only quote rates from one company like GEICO and State Farm, while independent agents can provide rate quotes for many different companies.
- Compare the quotes to the price on your current policy to see if a cheaper rate is available. If you find a better price, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Provide written notification to your current company of your decision to cancel your current car insurance policy and submit a down payment along with a completed application to your new carrier. Once coverage is bound, keep your new certificate of insurance with your registration paperwork.
The key aspect of shopping around is to use the same coverage limits and deductibles on each quote request and and to get prices from as many companies as possible. Doing this ensures the most accurate price comparison and a thorough price selection.
Choosing the most cost-effective car insurance policy in Virginia Beach is really quite easy. If you have car insurance now, you will surely be able to buy cheaper car insurance using these techniques. You only have to learn the most time-saving way to compare rates on the web.
Components of Your Jaguar XF Insurance Costs
It’s important that you understand the factors that come into play when calculating the rates you pay for auto insurance. When consumers understand what positively or negatively impacts your premiums, this allows you to make good choices that could result in lower rates.
Shown below are just a few of the factors companies use to determine your rates.
- An active claims history can cost you – If you’re an insured who likes to file claims you shouldn’t be surprised to get either policy cancellation or increased premiums. Insurance companies in Virginia award most affordable rates to policyholders who do not rely on their insurance for small claims. Your insurance policy is designed for claims that pose a financial burden.
- Cars with good safety ratings save money – Cars with high safety ratings tend to have better insurance rates. Highly rated vehicles help reduce the chance of injuries in an accident and lower injury rates means less claims paid and thus lower rates.
- Cheaper rates with high coverage deductibles – The deductibles you choose are the amount of money you are willing to pay before your auto insurance pays a claim. Physical damage insurance, also known as collision and other-than-collision, is used to repair damage to your car. Some coverage claims are rear-ending another vehicle, damage caused by hail, or theft of your vehicle. The more the insured has to pay upfront, the lower your rates will be.
- Little extras can really add up – There are a ton of optional add-on coverages that sound like a good idea at the time on your auto insurance policy. Coverages like personal injury protection, death and dismemberment, and membership fees could be just wasting money. You may think they are a good idea when talking to your agent, but your needs may have changed so eliminate the coverages to reduce your premium.
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Older drivers pay less – More experienced drivers are more cautious drivers, cause fewer claims and accidents, and get fewer tickets. Beginning drivers are statistically shown to be less responsible when driving with friends and because of this, their auto insurance rates are much higher.
The data below assumes a single driver, full coverage with $500 deductibles, and no discounts or violations.
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Accidents can increase premiums – Whether or not you get tickets impacts premiums far more than you think. Drivers with clean records tend to pay less for car insurance than bad drivers. Having just one driving citation can increase rates substantially. Drivers who have gotten flagrant violations such as reckless driving, hit and run or driving under the influence may find that they have to to submit a SR-22 form with their state in order to continue driving.
The diagram below highlights how traffic violations and at-fault claims can affect Jaguar XF insurance premiums for each different age category. The rate quotes are based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no other discounts are factored in.
- Your location is a factor – Choosing to live in a rural area has it’s advantages when talking about auto insurance. People who live in big cities tend to have more traffic problems and much longer commute distances. Fewer drivers on the road translates into fewer accidents in addition to lower liability claims.
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Insurance losses for a Jaguar XF – Insurance companies use data from past claims to calculate a rate that offsets possible losses. Models that the statistics show to have higher number or severity of losses will have higher rates for specific coverages.
The table below demonstrates the loss history for Jaguar XF vehicles. For each policy coverage type, the loss probability for all vehicles combined as an average is equal to 100. Values that are 100 or less mean the vehicle has better than average losses, while percentage values above 100 indicate a higher chance of having a claim or a tendency for losses to be larger than average.
Jaguar XF Insurance Loss Statistics Specific Jaguar 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 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
The fastest way that we advise to compare insurance rates from multiple companies is to take advantage of the fact all the major auto insurance companies participate in online systems to give free rates quotes. The only thing you need to do is provide information like your general credit rating, any included safety features, what you do for a living, and how old drivers are. That information is then sent to many highly-rated insurers and they return rate quotes almost instantly.
To check rates for your Jaguar XF now, click here then complete the form.
The car insurance companies shown below provide price quotes in Virginia. To find the best auto insurance in Virginia Beach, we recommend you visit two to three different companies to get the best price comparison.
Analysis of Jaguar XF rates
The rate table shown next showcases different insurance rates for Jaguar XF models. Learning a little about how insurance prices are calculated can assist in making informed decisions when comparing rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XF Luxury 4-Dr Sedan | $248 | $510 | $348 | $20 | $104 | $1,230 | $103 |
| XF Premium 4-Dr Sedan | $248 | $510 | $348 | $20 | $104 | $1,230 | $103 |
| XF Supercharged 4-Dr Sedan | $272 | $570 | $348 | $20 | $104 | $1,314 | $110 |
| XF R 4-Dr Sedan | $294 | $628 | $348 | $20 | $104 | $1,394 | $116 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Virginia minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Price information does not factor in the specific area where the vehicle is garaged which can impact premiums greatly.
Where to set your deductibles
One common question asked by Virginia Beach drivers is how low should you set your deductibles. The figures shown below may help to conceptualize how much more you’ll pay between low and high physical damage deductibles. The first rate quote example uses a $100 comprehensive and collision deductible and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XF Luxury 4-Dr Sedan | $306 | $614 | $258 | $16 | $78 | $1,297 | $108 |
| XF Premium 4-Dr Sedan | $306 | $614 | $258 | $16 | $78 | $1,297 | $108 |
| XF Supercharged 4-Dr Sedan | $336 | $686 | $258 | $16 | $78 | $1,399 | $117 |
| XF R 4-Dr Sedan | $364 | $756 | $258 | $16 | $78 | $1,497 | $125 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XF Luxury 4-Dr Sedan | $170 | $324 | $258 | $16 | $78 | $846 | $71 |
| XF Premium 4-Dr Sedan | $170 | $324 | $258 | $16 | $78 | $846 | $71 |
| XF Supercharged 4-Dr Sedan | $186 | $362 | $258 | $16 | $78 | $900 | $75 |
| XF R 4-Dr Sedan | $202 | $398 | $258 | $16 | $78 | $952 | $79 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Rate quotes do not factor in zip code location which can alter premiums substantially.
We can derive from the above data that using a $100 deductible will cost you approximately $41 more each month or $492 a year than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to average at least 22 months between claims, you would probably be better off if you elect the higher deductible.
Rate difference between full and liability-only coverage
The information below shows the difference between Jaguar XF auto insurance costs with and without full coverage. The data assumes no violations or accidents, $100 deductibles, drivers are not married, and no policy discounts are applied.
Should you buy full coverage or liability only?
There is no clear-cut rule for excluding comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.
For example, let’s assume your Jaguar XF replacement cost is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $6,000 after paying your policy deductible. If you are paying more than $600 annually for full coverage, then you might want to think about dropping full coverage.
There are some situations where buying only liability insurance is not advised. If you have an outstanding loan on your vehicle, you have to carry full coverage to satisfy the loan requirements. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not drop full coverage.
Protect your Jaguar XF and other assets
Despite the high cost, paying for insurance is required in Virginia but it also protects you in many ways.
- The majority of states have compulsory liability insurance requirements which means you are required to carry a specific level of liability coverage in order to drive the car legally. In Virginia these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
- If your XF has a loan, most lenders will force you to have physical damage coverage to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Jaguar at an extremely high rate and require you to pay for it.
- Insurance protects not only your car but also your assets. Insurance will also pay for medical expenses for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, also covers legal 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 minus the deductible amount.
The benefits of having insurance more than offset the price you pay, especially if you ever need it. Despite what companies tell you, the average driver overpays as much as $830 a year so compare rate quotes at least once a year to ensure rates are competitive.
Cheaper rates with these rate reducing discounts
Auto insurance is easily one of your largest bills, but there may be some discounts that could help you make your next renewal payment. Certain discounts will be triggered automatically at the time you complete a quote, but some discounts are required to be inquired about in order for you to get them.
- Multiple Cars – Buying coverage for several vehicles with the same auto insurance company qualifies for this discount.
- Discounts for Responsible Drivers – Drivers who don’t get into accidents can pay as much as 50% less as compared to drivers with claims.
- Smart Student Discounts – A discount for being a good student can be rewarded with saving of up to 25%. Earning this discount can benefit you up until you turn 25.
- Discount for Life Insurance – Some companies give a small discount if you purchase life insurance from them.
- Federal Government Employee – Employees or retirees of the government could provide a small rate reduction depending on your company.
- Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to participate in a local driver’s education class if offered at their school.
- Save with a New Car – Buying coverage on a new vehicle can save up to 30% because newer vehicles are generally safer.
- Discount for Swiching Early – Some auto insurance companies provide a discount for renewing your policy early. You may see this discount when you get Virginia Beach car insurance quotes online.
- One Accident Forgiven – This isn’t a discount exactly, but companies like Allstate and Progressive may permit one accident before raising your premiums so long as you haven’t had any claims before the accident.
- E-sign Discounts – Some companies will provide an incentive get Virginia Beach car insurance on their website.
Drivers should understand that most of the big mark downs will not be given to your bottom line cost. Some only apply to the price of certain insurance coverages like medical payments or collision. So even though it sounds like it’s possible to get free car insurance, company stockholders wouldn’t be very happy. Any amount of discount will positively reduce your policy premiums.
The example below illustrates the comparison of Jaguar XF car insurance rates with and without some available policy discounts. The costs are based on a female driver, no claims or driving citations, Virginia state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, claim-free, multi-policy, multi-car, and homeowner discounts applied.
Car insurance companies that may offer quotes with these money-saving discounts may include but are not limited to:
If you want affordable Virginia Beach car insurance quotes, ask each company or agent the best way to save money. Some discounts listed above may not apply in your area. To view companies who offer cheap Jaguar XF insurance quotes in Virginia Beach, click this link.
Car insurance agents near you
A small number of people would prefer to talk to a local agent. Licensed agents can help you build your policy and help in the event of a claim. An additional benefit of comparing rates online is that you can obtain better rates and still have an agent to talk to.
By using this quick form, the quote information is sent to participating agents in Virginia Beach that can provide free Virginia Beach car insurance quotes to get your business. You won’t need to do any legwork as quotes are delivered to you instantly. If you want to quote rates from one company in particular, you can always visit that company’s website and give them your coverage information.
Picking an insurer should include more criteria than just a low price. The answers to these questions are important, too.
- Do they reduce claim amounts on high mileage vehicles?
- What are their preferred companies if they are an independent agency?
- How long has the business existed?
- What company holds the largest book of business for them?
- Can glass repairs be made at your home?
If you want to buy car insurance from a reputable insurance agent or broker, there are two types of insurance agents and how they differ in how they quote coverages. Virginia Beach agents are categorized either exclusive agents or independent agents. Both can do a good job, but it’s worth mentioning the difference in the companies they write for since it may influence the kind of agent you use.
Exclusive Insurance Agents
Exclusive agents can usually just insure with one company and examples are State Farm, AAA, and Liberty Mutual. They usually cannot place coverage with different providers so keep that in mind. Exclusive insurance agents are very knowledgeable on their products and sales techniques which helps them sell on service rather than price. Some consumers prefer to use the same agent partially due to the prominence of the brand and solid financial strength.
Shown below are exclusive insurance agencies in Virginia Beach who may provide you with price quote information.
- Allstate Insurance: Ralph M. Rios
2492 N Landing Rd #101 – Virginia Beach, VA 23456 – (757) 467-2800 – View Map - Larry Akers – State Farm Insurance Agent
928 Diamond Springs Rd Ste 131 – Virginia Beach, VA 23455 – (757) 497-3853 – View Map - Milt Rawles – State Farm Insurance Agent
5265 Providence Rd #200 – Virginia Beach, VA 23464 – (757) 424-4656 – View Map
View more Virginia Beach agents
Independent Agencies or Brokers
Agents in the independent channel are not required to write business for one company and that allows them to write policies amongst many companies enabling the ability to shop coverage around. To transfer your coverage to a different company, your agent can switch companies and you won’t have to switch agencies. When comparing rate quotes, you absolutely need to get rate quotes from at a minimum one independent agency to maximize your price options. Many independent agencies also insure through smaller mutual companies that many times have cheaper rates.
Below is a short list of independent insurance agents in Virginia Beach who can help you get comparison quotes.
- Nationwide Insurance: Bob McCrearyh CLU Insurance Agency, Inc.
533 Newtown Rd #112 – Virginia Beach, VA 23462 – (757) 497-1899 – View Map - Cheeks Insurance Agency
4968 Euclid Rd e – Virginia Beach, VA 23462 – (757) 309-1850 – View Map - Nationwide Insurance: Mayo Insurance Agency Inc
1917 Laskin Rd Ste 101 – Virginia Beach, VA 23454 – (757) 496-5685 – View Map
View more Virginia Beach agents
Affordable auto insurance rates are possible
The cheapest Jaguar XF insurance in Virginia Beach is possible both online and with local Virginia Beach insurance agents, and you need to price shop both in order to have the best price selection to choose from. Some companies may not have online rate quotes and many times these small insurance companies only sell coverage through independent agents.
In this article, we covered some good ideas how you can shop for Jaguar XF insurance online. The key concept to understand is the more companies you get prices for, the better your chances of lowering your prices. Consumers could even find that the lowest premium rates are with some of the smallest insurance companies.
Consumers who switch companies do it for many reasons like not issuing a premium refund, unfair underwriting practices, an unsatisfactory settlement offer and even delays in paying claims. Whatever your reason, finding a new auto insurance company can be pretty painless.
To learn more, feel free to visit the articles below:
- Understanding Car Crashes Video (iihs.org)
- Who Has Affordable Auto Insurance Rates for 4×4 Vehicles in Virginia Beach? (FAQ)
- Five Mistakes to Avoid (Insurance Information Institute)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
- Auto Insurance Learning Center (State Farm)