How to Save on Jeep Patriot Insurance in Detroit

It’s safe to assume that auto insurance companies don’t want you to compare rates. Drivers who rate shop once a year are likely to move their business because there is a great chance of finding a lower-priced policy. A recent car insurance study revealed that consumers who did price comparisons regularly saved about $3,400 over four years compared to drivers who don’t make a habit of comparing rates.

If finding the lowest rates on Jeep Patriot insurance is your ultimate target, knowing the best ways to find and compare insurance can help make the process easier.

Truthfully, the best way to get low-cost Jeep Patriot insurance in Detroit is to regularly compare prices from insurance carriers who provide car insurance in Michigan.

1. It will benefit you to learn about how insurance works and the things you can change to drop your rates. Many rating criteria that cause high rates such as distracted driving and an unacceptable credit rating can be remedied by making minor changes to your lifestyle.
2. Compare price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like Progressive or State Farm, while independent agencies can quote prices for a wide range of companies.
3. Compare the new quotes to your current policy premium to see if switching to a new carrier will save money. If you find a better price and buy the policy, make sure coverage does not lapse between policies.
4. Notify your agent or company of your decision to cancel your current auto insurance policy. Submit the signed application along with the required initial payment for the new policy. Once received, keep the new proof of insurance paperwork in an accessible location in your vehicle.

The most important part of this process is that you’ll want to make sure you compare similar limits and deductibles on each price quote and and to get price quotes from as many companies as feasibly possible. This helps ensure a fair price comparison and a complete price analysis.

Jeep Patriot Insurance Price Factors

Lots of factors are used when you quote your car insurance policy. Some are obvious like an MVR report, but other criteria are less apparent like your vehicle usage or how financially stable you are.

• Allowing your auto insurance policy to lapse raises prices – Driving without insurance coverage in place is not a good idea and any future policy may cost more because you let your insurance lapse for non-payment. In addition to paying higher premiums, the inability to provide proof of insurance may earn you a license revocation or jail time. Then you may be required to prove you have insurance by filing a SR-22 with the Michigan motor vehicle department.
• Additional coverages that may be costing you – There are a lot of add-on coverages that can waste your money when buying auto insurance. Insurance for roadside assistance, accident forgiveness, and extra life insurance coverage may be wasting your money. You may think they are a good idea initially, but your needs may have changed so eliminate the coverages to reduce your premium.
• Drivers with high credit save – Having a bad credit score can be a huge factor in determining premium rates. Consumers who have very good credit scores tend to be more responsible and file fewer claims than drivers with poor credit scores. So if your credit rating leaves room for improvement, you could potentially save money when insuring your Jeep Patriot by improving your credit score.
• Liability coverage limits should be high – Your auto insurance policy’s liability coverage kicks in in the event that you are determined to be liable for damages from an accident. Liability provides legal defense coverage to defend your case. This coverage is very inexpensive compared to physical damage coverage, so do not cut corners here.

• Loss probability for a Jeep Patriot – Insurance companies analyze past claim statistics to determine a price that will be profitable for them. Vehicles that the statistics show to have higher claim amounts or frequency will be charged more to insure. The next table shows the historical loss data for Jeep Patriot vehicles.

  For each policy coverage, the claim amount for all vehicles, without regard to make or model, is considered to be 100. Values that are under 100 suggest a better than average loss history, while values over 100 point to more claims or tendency to have larger claims.

  
  

  Jeep Patriot Insurance Loss Statistics

  Specific Jeep Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Jeep Patriot 4dr 2WD	80	139	65	123	121	140
  Jeep Patriot 4dr 4WD	73	121	67	98	100	111

  BETTER

  AVERAGE

  WORSE

  Statistics from IIHS.org for 2013-2015 Model Years

Auto insurance data for a Jeep Patriot

The coverage table shown next highlights detailed analysis of insurance premium costs for Jeep Patriot models. Knowing how premiums are established can help guide drivers when making smart choices when purchasing an insurance policy.

Cost estimates assume married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Michigan minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Rate quotes do not factor in garaging location in Detroit which can lower or raise premiums considerably.

Physical damage deductible comparison

One of the more difficult decisions when buying auto insurance is which deductible level should you buy. The following tables summarize how much more rates are when you buy lower versus higher physical damage deductibles. The first pricing table uses a $250 deductible for physical damage and the second set of prices uses a $500 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Rates do not factor in specific zip code location which can raise or lower coverage prices noticeably.

Based on this data, using a $250 deductible will cost you roughly $23 more each month or $276 for a full year than selecting the higher $500 deductible. Because you would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you normally average at least 11 months between claims, you would most likely save money by selecting a higher deductible. Here is the way you can come to your own conclusion.

An important thing to remember is that raising deductibles results in having to pay to pay more out-of-pocket when you have a physical damage claim. That will necessitate some savings in order to pay the deductible to have repairs made.

The example below shows how choosing a deductible and can raise or lower Jeep Patriot insurance costs for different age groups. The price estimates are based on a married female driver, full physical damage coverage, and no discounts are applied to the premium.

How accidents and tickets impact rates

The illustration below illustrates how violations and fender-benders can drive up Jeep Patriot auto insurance costs for different age groups of insureds. The data is based on a single female driver, full coverage, $100 deductibles, and no discounts are taken into consideration.

Gender-based auto insurance premiums

The information below illustrates the comparison of Jeep Patriot insurance prices for male and female drivers. The prices are based on no tickets, no at-fault accidents, comp and collision included, $100 deductibles, drivers are not married, and no discounts are applied.

Full coverage or liability only

The example below illustrates the difference between Jeep Patriot premium costs with and without full coverage. The data is based on no accidents, no driving violations, $500 deductibles, marital status is single, and no discounts are applied to the premium.

Should you be buying full coverage?

There is no specific rule to delete full coverage, but there is a general convention. If the annual cost of having full coverage is about 10% or more of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

For example, let’s say your Jeep Patriot replacement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $5,000 after the deductible is paid. If premium cost is more than $500 annually to have full coverage, then it might be time to buy liability only.

There are some scenarios where dropping physical damage coverage is not a good plan. If you still have a loan on your vehicle, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.

Save money on Jeep Patriot insurance in Detroit with these car insurance discounts

Some providers don’t always advertise every discount available very well, so here is a list a few of the more common and the harder-to-find discounts you could be receiving when you buy Detroit auto insurance online.

• Cautious Driver Discount – Safe drivers may save up to 50% more than less cautious drivers.
• Claim Free – Claim-free drivers can save substantially compared to policyholders that have many claims.
• Passenger Safety Discount – Vehicles equipped with air bags or motorized seat belts could see savings of 20 to 30 percent.
• Savings for New Vehicles – Insuring a new Patriot can be considerably cheaper because newer models have to meet stringent safety requirements.
• Defensive Driver Discount – Passing a course in safe driver can save you 5% or more and also improve your driving technique.
• Distant Student – Kids who live away from home to go to college and do not have access to a covered vehicle may qualify for this discount.
• Professional Organizations – Participating in qualifying employment or professional organizations is a simple method to lower premiums when getting a Detroit auto insurance quote.
• Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to wear their seat belts may be able to save a few bucks off the personal injury premium cost.

Just know that most discount credits are not given to all coverage premiums. Most only reduce specific coverage prices like liability and collision coverage. If you do the math and it seems like all those discounts means the company will pay you, you won’t be that lucky.

The information below shows the difference between Jeep Patriot auto insurance costs with and without discounts applied to the policy rates. The premium estimates are based on a female driver, no accidents, no driving violations, Michigan state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, claim-free, marriage, multi-car, and homeowner discounts applied.

Popular car insurance companies and a partial list of their discounts can be read below.

• GEICO may have discounts that include anti-lock brakes, emergency military deployment, federal employee, five-year accident-free, seat belt use, and multi-vehicle.
• Mercury Insurance may offer discounts for multi-policy, multi-car, good student, professional/association, age of vehicle, type of vehicle, and low natural disaster claims.
• Farmers Insurance offers discounts for early shopping, teen driver, good student, bundle discounts, distant student, and mature driver.
• Auto-Owners Insurance has discounts for mature driver, safe driver, good student, safe vehicle, multiple vehicles, and air bags.
• Liberty Mutual has savings for good student, preferred payment discount, multi-car, newly retired, and new graduate.
• SAFECO may include discounts for drive less, anti-theft, multi-car, teen safe driver, and homeowner.
• Progressive discounts include continuous coverage, online quote discount, homeowner, multi-vehicle, multi-policy, online signing, and good student.
• USAA policyholders can earn discounts including safe driver, driver training, new vehicle, multi-vehicle, loyalty savings, multi-policy, and vehicle storage.

If you need lower rates, check with each insurance company which discounts they offer. All car insurance discounts may not be offered in Detroit. To view providers who offer discounts in Michigan, follow this link.

Persistence is the key to cheaper rates

As you restructure your insurance plan, do not buy lower coverage limits just to save a few bucks. Too many times, an insured dropped uninsured motorist or liability limits only to find out that the savings was not a smart move. The proper strategy is to buy a smart amount of coverage at the best cost, but do not skimp to save money.

People change insurance companies for a variety of reasons including high prices, poor customer service, delays in responding to claim requests or unfair underwriting practices. Whatever your reason, choosing a new company is easier than you think.

We covered many tips how you can get a better price on Jeep Patriot insurance in Detroit. The key thing to remember is the more rate comparisons you have, the better chance you’ll have of finding low cost Detroit auto insurance quotes. You may even be surprised to find that the lowest priced car insurance comes from some of the smallest insurance companies.

Additional information is located below:

• Anti-Lock Brake FAQ (iihs.org)
• Who Has the Cheapest Car Insurance Quotes for Low Income Drivers in Detroit? (FAQ)
• Who Has Affordable Auto Insurance for Retired Military in Detroit? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for College Students in Detroit? (FAQ)
• Teen Driver Licensing Information (iihs.org)
• Auto Theft Statistics (Insurance Information Institute)
• Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
• Insurance losses by make and model (Insurance Institute for Highway Safety)