How to Save on Virginia Beach Jeep Compass Insurance

Having to pay for expensive Jeep Compass insurance in Virginia Beach can draw down your bank account and force you to make tough financial choices. Performing a price comparison can help to cut your insurance bill.

It’s an obvious statement that car insurance companies want to keep you from comparing rates. Insureds who do rate comparisons will presumably switch insurance companies because of the good chance of finding a lower-priced company. A recent insurance study discovered that consumers who routinely compared quotes saved an average of $72 a month compared to drivers who didn’t regularly shop around.

If finding the cheapest price for Jeep Compass insurance is why you’re here, learning how to shop and compare insurance can help simplify the process.

Numerous auto insurance companies battle for your hard-earned dollar, so it can be very hard to choose a company to discover the definitive best rates possible on Jeep Compass insurance in Virginia Beach.

If you are paying for car insurance now, you will definitely be able to find the best rates using the tips covered below. Finding the cheapest car insurance coverage in Virginia Beach is really not that difficult. But Virginia drivers need to learn how big insurance companies price insurance differently because rates are impacted by many factors.

The fastest way that we advise to compare car insurance rates for Jeep Compass insurance in Virginia Beach takes advantage of the fact most of the bigger providers participate in online systems to give rate comparisons. To get started, all you need to do is provide details including deductibles desired, how you use your vehicles, if you went to college, and if you’re married. Your insurance information is instantly submitted to many of the top insurers and they respond with quotes instantly to find the best rate.

To check rates for your Jeep Compass now, click here and enter the information requested.

The companies shown below are our best choices to provide free rate quotes in Virginia. If multiple companies are listed, we suggest you visit two to three different companies in order to get a fair rate comparison.

Cheaper rates on Jeep Compass insurance in Virginia Beach with these insurance discounts

Not many people think insurance is cheap, but you may qualify for discounts that can dramatically reduce your bill. Many of these discounts will be applied automatically when you complete an application, but some must be specially asked for before they will apply.

• Theft Deterrent System – Cars and trucks optioned with advanced anti-theft systems can help prevent theft so companies will give you a small discount.
• Auto/Home Discount – If you combine your homeowners and auto policies with the same insurance company you could earn a discount of at least 10% off all policies.
• Seat Belts Save – Buckling up and requiring all passengers to buckle their seat belts may be able to save a few bucks on the premium charged for medical payments and/or PIP.
• Telematics Devices – Policyholders that allow companies to study driving habits remotely such as Progressive’s Snapshot could possibly reduce rates if they have good driving habits.
• Lower Rates for Military – Being deployed with a military unit could mean lower prices.
• Discounts for New Vehicles – Buying a new car instead of a used Compass can save up to 30% compared to insuring an older model.
• Accident Forgiveness Coverage – Not a discount per se, but some insurance companies will allow you to have one accident before they charge you more for coverage so long as you haven’t had any claims prior to the accident.
• Safe Driver Discount – Safe drivers may receive a discount up to 45% than drivers with accident claims.
• Distant College Student Discount – Any of your kids who are attending college and do not have access to a covered vehicle may be able to be covered for less.
• Passive Restraints and Air Bags – Options like air bags may qualify for discounts of up to 25% or more.

Consumers should know that most discounts do not apply to the entire policy premium. Most only apply to the price of certain insurance coverages like liability, collision or medical payments. Despite the appearance that having all the discounts means you get insurance for free, it just doesn’t work that way.

The diagram below visualizes the comparison of Jeep Compass insurance costs with and without discounts applied to the premium. The premium estimates are based on a female driver, no claims or driving citations, Virginia state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, homeowner, marriage, safe-driver, and multi-car discounts applied.

To see insurance companies that can offer you the previously mentioned discounts in Virginia, follow this link.

Rate information and statistics

The coverage information below covers detailed analysis of insurance costs for Jeep Compass models. Having a better understanding of how car insurance prices are figured can be valuable when making decisions on the best policy coverages.

Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Rates do not factor in Virginia Beach location which can revise price quotes considerably.

Physical damage deductibles

One common question asked by Virginia Beach drivers is which deductibles should you choose. The comparison tables below approximate the differences in price between high and low deductibles. The first pricing table uses a $100 physical damage coverage deductible and the second price chart uses a $1,000 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Rates do not factor in specific garaging location which can affect rates greatly.

Based on the figures above, using a $100 deductible costs approximately $25 more each month or $300 each year across all Jeep Compass models than quoting the higher $1,000 deductible. Since you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go at least 36 months between claim filings, you would probably save some money if you choose the higher deductible.

The example below demonstrates how choosing different deductibles and can impact Jeep Compass yearly insurance costs for different age groups. Data assumes a single female driver, comp and collision included, and no discounts are taken into consideration.

Car insurance premiums by gender

The illustration below shows the comparison of Jeep Compass yearly insurance costs for male and female drivers. Data assumes no claims or violations, comprehensive and collision coverage, $100 deductibles, drivers are single, and no discounts are taken into consideration.

Full coverage rates compared to liability-only

The illustration below shows the difference between Jeep Compass insurance premiums with and without physical damage coverage. The premium estimates are based on no tickets, no at-fault accidents, $100 deductibles, drivers are not married, and no other discounts are factored in.

When to drop comprehensive and collision coverage

There is no exact formula to drop comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let’s pretend your Jeep Compass book value is $9,000 and you have $1,000 deductibles. If your vehicle is totaled, you would only receive $8,000 after paying your deductible. If it’s costing in excess of $800 annually for your policy with full coverage, then you might want to consider buying only liability coverage.

There are some cases where only buying liability is not a good idea. If you still have a lienholder on your title, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not remove full coverage.

Best auto insurance in Virginia

Choosing the right car insurance provider is hard considering how many companies sell insurance in Virginia. The information shown below may help you select which coverage providers to look at purchasing a policy from.

Top 10 Virginia Beach Car Insurance Companies Ranked by Value

1. Mercury Insurance
2. Travelers
3. American Family
4. AAA Insurance
5. Safeco Insurance
6. Progressive
7. The Hartford
8. Erie Insurance
9. Esurance
10. The General

Top 10 Virginia Beach Car Insurance Companies Ranked by Claims Service

1. Travelers
2. Allstate
3. Nationwide
4. State Farm
5. GEICO
6. Liberty Mutual
7. American Family
8. Esurance
9. AAA Insurance
10. Titan Insurance

Why Your Insurance Costs might be higher

Multiple criteria are taken into consideration when you quote your car insurance policy. Most are fairly basic like an MVR report, but others are not quite as obvious such as your credit history or your financial responsibility.

The following are some of the most rate-impacting factors used by your company to calculate your rate level.

• Rates may be lower depending on your occupation – Did you know that where you work can have an impact on rates? Careers like fire fighters, business owners, and dentists tend to have the highest average rates due to job stress and lots of time spent away from family. Conversely, occupations like farmers, historians and the unemployed generally pay rates lower than average.
• Liability insurance is peace of mind – Liability coverage kicks in if ever you are responsible for an accident. It will provide legal defense starting from day one. Carrying liability coverage is mandatory and cheap compared to other policy coverages, so do not cut corners here.
• Your location is a factor – Choosing to live in less populated areas may provide you with better prices if you are looking for the lowest rates. Lower population translates into fewer accident claims in addition to lower liability claims. City drivers have more auto accidents and more time behind the wheel. Higher commute times means more chance of being in an accident.
• Incidental coverages may not be needed – Insurance companies have many optional add-on coverages that sound like a good idea at the time if you aren’t diligent. Things like coverage for rental cars, accidental death, and extra life insurance coverage are probably not needed. They may sound like good ideas when deciding what coverages you need, but now you might not need them so eliminate them to save money.
• An active claims history can cost more – If you’re an insured who likes to file claims you can definitely plan on increased rates or even have your policy non-renewed. Car insurance companies in Virginia generally give the best rates to drivers who are not frequent claim filers. Your insurance policy is intended to be relied upon for claims that pose a financial burden.
• Pleasure use saves money – Driving more miles every year the more you’ll pay to insure it. Almost all companies charge rates based on their usage. Cars that are left in the garage qualify for better rates than those that get driven frequently. Verify your declarations sheet correctly shows the correct usage for each vehicle. Having an incorrect usage rating on your Compass can result in significantly higher rates.

• Insurance loss statistics a Jeep Compass – Insurers analyze claim trends for every vehicle to calculate a price that offsets possible losses. Vehicles that have a trend towards higher claim severity or frequency will cost more for specific coverages.

  The information below illustrates the collected loss data for Jeep Compass vehicles. For each type of coverage, the claim probability for all vehicles averaged together is equal to 100. Numbers under 100 are indicative of better than average losses, while values over 100 indicate higher probability of having a loss or statistically larger claims.

  
  

  Jeep Compass Insurance Loss Statistics

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Jeep Compass 4dr 2WD	87	135	58	128	124	142
  Jeep Compass 4dr 4WD	76	114	63	99	107	106

  BETTER

  AVERAGE

  WORSE

  Statistics from IIHS.org for 2013-2015 Model Years