Surprisingly, a recent survey revealed that almost 70% of insureds have remained with the same insurance company for a minimum of four years, and about 40% of consumers have never compared rates from other carriers. Most drivers in Detroit could save themselves 65% a year just by shopping around, but they assume it’s a waste of time to do a rate comparison.
The best way we recommend to get more affordable car insurance rates is to do an annual price comparison from insurance carriers who sell auto insurance in Detroit. You can compare prices by completing these steps.
- Step 1: Try to learn a little about how companies price auto insurance and the things you can change to keep rates down. Many things that result in higher rates like accidents, careless driving, and an unfavorable credit rating can be eliminated by improving your driving habits or financial responsibility. Keep reading for more information to prevent high prices and get additional discounts.
- Step 2: Compare price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from a single company like Progressive or State Farm, while agents who are independent can give you price quotes from many different companies.
- Step 3: Compare the new rate quotes to your existing policy to see if cheaper XF coverage is available. If you find a lower rate quote, make sure there is no coverage gap between policies.
- Step 4: Give notification to your current company of your intent to cancel your current car insurance policy. Submit a signed application and payment to the new insurer. As soon as you have the new policy, safely store the proof of insurance paperwork in an easily accessible location.
The key thing to remember is to compare the same deductibles and limits on each quote request and and to get rate quotes from as many carriers as you can. This helps ensure a level playing field and the best price selection.
Why You Might Pay Increased Rates in Detroit
Many different elements are part of the equation when pricing auto insurance. Some factors are common sense like a motor vehicle report, but other criteria are more transparent like your vehicle usage or how financially stable you are. It’s important that you understand the different types of things that play a part in calculating your policy premiums. When you understand what impacts premium levels, this helps enable you to make changes that can help you get cheaper rates.
The list below includes a few of the things used by insurance companies to determine your premiums.
Vehicle risk impacts rates – The performance of the car you need insurance for makes a big difference in your car insurance bill. Lower cost passenger models normally have pretty low rates, but other factors influence the final cost greatly.
The following data uses these assumptions: married male driver age 40, full coverage with $1000 deductibles, and no discounts or violations. The data compares Jaguar XF insurance rates compared to other models of vehicles that have different performances.
Marriage discount – Having a spouse can actually save you money compared to being single. It demonstrates that you tend to be more responsible and statistics prove married couples file fewer claims.
Guys pay higher prices – Statistics demonstrate females are less aggressive when driving. It does not mean females are better at driving than males. Females and males tend to get into fender benders in similar percentages, but the men cause more damage. Men also tend to have more aggressive citations such as DWI and reckless driving. Young males tend to get in the most accidents and therefore are the most expensive to insure.
The illustration below illustrates the difference between Jaguar XF insurance prices for male and female drivers. The rate quotes are based on no claims, a clean driving record, full coverage, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.
High coverage deductibles lower prices – The deductibles you choose define how much you are willing to pay if a claim is determined to be covered. Physical damage coverage, also called ‘full coverage’, is used to repair damage to your car. Some coverage claims could be collision with another vehicle, animal collisions, and damage from wind. The higher the amount you have to pay, the bigger discount you will receive.
High credit scores save money – Having a bad credit score can be an important factor in calculating your auto insurance rates. Consumers who have high credit ratings tend to be better risks to insure than drivers who have worse credit. If your credit is not that good, you could potentially save money when insuring your Jaguar XF by improving your rating.
Jaguar XF insurance loss data – Insurance companies study historical loss data to help calculate premium costs. Models that the data shows to have increased losses will cost more to insure.
The information below illustrates the insurance loss data used by companies for Jaguar XF vehicles. For each coverage category, the claim probability for all vehicles averaged together is represented as 100. Numbers shown that are under 100 represent a good loss history, while values that are above 100 indicate a higher chance of having a claim or larger claims.
| Make and 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
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Most companies like Progressive, Allstate and GEICO give insurance quotes from their websites. Obtaining pricing for Jaguar XF insurance in Detroit is possible for anyone because you just enter the coverages you want on the page. After you complete the form, their system orders credit information and your driving record and returns a price based on these factors.
Being able to quote online for Jaguar XF insurance in Detroit makes it easy to compare insurance prices and it’s necessary to do this in order to get the most affordable possible premiums on car insurance.
To quickly find out how much you’re overpaying now, compare quotes from the companies shown below. If you currently have coverage, we recommend that you enter the coverages as close as possible to your current policy. This way, you will have rate comparison quotes for similar coverage.
The car insurance companies shown below can provide quotes in Michigan. If your goal is to find cheap car insurance in MI, we suggest you get rate quotes from several of them to get the most competitive price.
Detailed insurance information
The price information displayed below showcases a range of insurance policy prices for Jaguar XF models. Understanding more about how insurance policy premiums are established can help customers make smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XF Luxury 4-Dr Sedan | $724 | $1586 | $836 | $50 | $250 | $3,446 | $287 |
| XF Premium 4-Dr Sedan | $724 | $1586 | $836 | $50 | $250 | $3,446 | $287 |
| XF Supercharged 4-Dr Sedan | $792 | $1772 | $836 | $50 | $250 | $3,700 | $308 |
| XF R 4-Dr Sedan | $860 | $1956 | $836 | $50 | $250 | $3,952 | $329 |
| Get Your Own Custom Quote Go | |||||||
Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Michigan minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Information does not factor in vehicle garaging location which can lower or raise insurance rates considerably.
Higher deductibles lower rates
One of the most common auto insurance questions is which deductible level should you buy. The following insurance rates can help you visualize the rate differences when you choose different physical damage coverage deductibles. The first set of rates uses a $100 deductible for comprehensive and collision coverage and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XF Luxury 4-Dr Sedan | $824 | $1646 | $690 | $40 | $206 | $3,431 | $286 |
| XF Premium 4-Dr Sedan | $824 | $1646 | $690 | $40 | $206 | $3,431 | $286 |
| XF Supercharged 4-Dr Sedan | $900 | $1838 | $690 | $40 | $206 | $3,699 | $308 |
| XF R 4-Dr Sedan | $976 | $2030 | $690 | $40 | $206 | $3,967 | $331 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XF Luxury 4-Dr Sedan | $602 | $1112 | $690 | $40 | $206 | $2,650 | $221 |
| XF Premium 4-Dr Sedan | $602 | $1112 | $690 | $40 | $206 | $2,650 | $221 |
| XF Supercharged 4-Dr Sedan | $658 | $1242 | $690 | $40 | $206 | $2,836 | $236 |
| XF R 4-Dr Sedan | $712 | $1372 | $690 | $40 | $206 | $3,020 | $252 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Premium costs do not factor in garaging location in Detroit which can increase or decrease auto insurance rates considerably.
Based on the above data, using a $100 deductible could cost the average driver approximately $70 more each month or $840 every year across all Jaguar XF models than choosing the higher $500 deductible. Since you would pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to have at a minimum 6 months between claim filings, you would save money if you choose a higher deductible.
Full coverage versus liability only rates
The illustration below illustrates the comparison of Jaguar XF insurance costs when comparing full coverage to state minimum liability only. The costs are based on no claims or driving violations, $1,000 deductibles, single status, and no discounts are taken into consideration.
Should you be buying full coverage?
There isn’t a written rule of when to drop full coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.
For example, let’s say your Jaguar XF book value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, you would only receive $7,000 after the policy deductible has been paid. If you are paying more than $700 annually for your policy with full coverage, then it might be time to buy liability only.
There are some cases where buying only liability insurance is not advised. If you haven’t paid off your loan, you have to keep full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage.
It may be expensive, but it’s not optional
Even though it can be expensive, insurance serves several important purposes.
- Just about all states have mandatory insurance requirements which means you are required to carry specific limits of liability coverage if you want to drive legally. In Michigan these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your vehicle has a loan, most lenders will stipulate that you have full coverage to guarantee payment of the loan. If the policy lapses, the bank may buy a policy for your Jaguar at a more expensive rate and make you pay much more than you were paying before.
- Insurance safeguards your Jaguar XF and your assets. Insurance will also pay for most medical and hospital costs for you, any passengers, and anyone injured in an accident. Liability coverage, the one required by state law, will also pay to defend you if you are sued as the result of your driving. If your car is damaged in a storm or accident, comprehensive and/or collision insurance will cover the repair costs.
The benefits of having insurance more than offset the price you pay, particularly for liability claims. Unknowingly, the average driver is overpaying over $865 each year so smart consumers compare quotes every year to ensure rates are inline.
Affordable rates by getting discounts
Insuring your fleet can be pricey, but you may find discounts that could help you make your next renewal payment. Some discounts apply automatically at the time you complete a quote, but less common discounts must be specially asked for in order for you to get them.
- No Accidents – Claim-free drivers pay much less when compared to frequent claim filers.
- Own a Home – Just owning your own home can earn you a little savings due to the fact that maintaining a home is proof that your finances are in order.
- Discount for Multiple Policies – If you can bundle your homeowners and auto insurance and insure them both with the same insurance company you may earn over 10 percent off each policy depending on the company.
- Anti-lock Brake System – Vehicles that have steering control and anti-lock brakes can reduce accidents and will save you 10% or more on XF insurance in Detroit.
- Driver’s Education for Students – Reduce the cost of insurance for teen drivers by having them complete a driver education course in school.
- Employee of Federal Government – Employees or retirees of the government could qualify for a slight premium decrease with some auto insurance companies.
We need to note that most discounts do not apply to the overall cost of the policy. Most only reduce the cost of specific coverages such as comp or med pay. So even though you would think you would end up receiving a 100% discount, that’s just not realistic.
The diagram below shows the difference between Jaguar XF auto insurance rates with and without discounts applied to the premium. The data is based on a male driver, no violations or claims, Michigan state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-policy, claim-free, multi-car, and marriage discounts applied.
Auto insurance companies that may offer many of the previously listed discounts possibly include:
When getting a coverage quote, ask each company or agent which credits you are entitled to. Savings might not be available to policyholders everywhere. To find insurers with the best Jaguar XF insurance discounts in Michigan, follow this link.
Local agents and auto insurance
Many drivers still prefer to buy from a licensed agent and that is recommended in a lot of cases The best thing about getting online price quotes is that drivers can save money and get cheap rate quotes and also buy local.
To find an agent, once you fill out this form (opens in new window), the quote information is immediately sent to companies in Detroit who can give free rate quotes for your auto insurance coverage. You won’t need to search for any insurance agencies because prices are sent directly to your email. You can find better rates and a licensed agent to talk to. If you wish to compare prices from a specific auto insurance provider, you can always find their quoting web page to submit a rate quote request.
Picking the best provider needs to be determined by more than just the quoted price. Agents should be asked these questions:
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- Is the agency involved in supporting local community causes?
- Does the agency have a positive business rating?
- Can you contact them at any time?
- How much experience to they have in personal lines coverages?
- What company do they have the most business with?
- Is the agent properly licensed in Michigan?
If you’re trying to find an insurance agent, there are two different types of agents and how they differ in how they can insure your vehicles. Detroit agents can either be independent or exclusive.
Exclusive Auto Insurance Agents
These agents work for only one company like Farmers Insurance or State Farm. They are unable to give you multiple price quotes so if the price isn’t competitive there isn’t much they can do. Exclusive agents receive a lot of sales training in insurance sales which can be an advantage. Some insured continue to use the same agent mainly due to the prominence of the brand rather than low rates.
The following are exclusive insurance agencies in Detroit that can give you price quote information.
- Tony Massey – State Farm Insurance Agent
15 E Kirby St #112 – Detroit, MI 48202 – (313) 873-3334 – View Map - Allstate Insurance: Shauna Johnson
18711 Grand River Ave – Detroit, MI 48223 – (313) 272-2020 – View Map - PD Dandnaik – State Farm Insurance Agent
W, 7725 Vernor Hwy – Detroit, MI 48209 – (313) 554-1500 – View Map
Independent Auto Insurance Agents
Agents that choose to be independent are not restricted to one company and that gives them the ability to insure through many companies and find you the best rates. If premiums increase, they simply move the coverage in-house and you can keep the same agent. If you need lower rates, it’s a good idea to include at a minimum one independent agency to get the most accurate price comparison. Most also write with lesser-known insurance companies that may have much lower rates than larger companies.
Below is a list of independent insurance agents in Detroit willing to provide price quote information.
- J Healan Baker Insurance
645 Griswold St # 2015 – Detroit, MI 48226 – (313) 963-0480 – View Map - Detroit Auto Insurance
620 Woodward Ave – Detroit, MI 48226 – (517) 618-1693 – View Map - Diebold Detroit Insurance Agency
1420 Broadway St #101 – Detroit, MI 48226 – (313) 964-3750 – View Map
Upon getting answers to your satisfaction to these questions as well as a affordable price, it’s a good possibility that you have found an insurance agency that can be trusted to service your policy. But remember, you are able to cancel your coverage whenever you choose to so don’t feel that you are permanently stuck with any particular company for the entire policy term.
Do I need special coverages?
Always remember that when buying adequate coverage for your personal vehicles, there really isn’t a single plan that fits everyone. You are unique and your policy should reflect that.
For example, these questions can help discover if you may require specific advice.
- Does every company file a SR-22 automatically?
- Can I get a multi-policy discount?
- When should my teen driver be added to my policy?
- When would I need additional glass coverage?
- I have a DUI can I still get coverage?
- Am I covered when using my vehicle for business?
- Are all vehicle passengers covered by medical payments coverage?
- Is my teen driver covered when they drive my company car?
If you don’t know the answers to these questions then you might want to talk to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier
Affordable auto insurance premiums are possible
We’ve covered a lot of techniques to find cheaper Jaguar XF insurance in Detroit. The key concept to understand is the more quotes you get, the better your chances of lowering your prices. Consumers may even find the most savings is with some of the lesser-known companies. Some small companies can often provide lower prices in certain areas as compared to the big name companies such as State Farm and Allstate.
Cheaper auto insurance in Detroit can be purchased online and with local Detroit insurance agents, and you should compare price quotes from both to have the best rate selection. Some companies do not offer rate quotes online and usually these regional carriers only sell coverage through independent insurance agencies.
Additional detailed information is available by following these links:
- How do I File a Claim? (Insurance Information Institute)
- Who Has the Cheapest Detroit Car Insurance Quotes for a Chevrolet Equinox? (FAQ)
- Who Has Affordable Auto Insurance for Retired Military in Detroit? (FAQ)
- How Much Does Car Insurance Go Up After a Speeding Ticket? (DetroitInsure.com)
- Uninsured Motorist Statistics (Insurance Information Institute)
- Airbag FAQ (iihs.org)