Whatever you do, compare your Jaguar insurance rates to what Costco can offer.

I just cut my rate in half from my Geico quote. And my previous carrier, E-surance wouldn't even cover my Jag whatsoever. The XJ wasn't even in their system. I then went to compare.com and nothing was even close. Come to think of it I'm thinking compare.com is a shill company for Mercury insurance as they always win. I'm a dummy.

Geico = $1690 anual.

Costco insurance is unbeatable by a long stretch, guys. Do yourself a huge favor and do a comparison. Post your findings.

Attachment is the compare.com quotes for a 2012 supercharged Jag XJ in northern CA, 25K mi, 50 year old driver with clean record.

Costco $948 anual.

I'm never one to promote a biz but this is worth everyone knowing.

 

I am always puzzled why people go for the cheapest insurance quotes. When I am looking at insurance companies, I try to do some research on the companies themselves. JDPower has some rankings, and so do some other websites. Of course you need to take everything with a grain of salt, but there are some really horrible insurance companies out there.

 

Brother we are talking Costco, not Vito's Insurance! A huge market share.

The binder is technically Ameriprise Auto & Home.

You can go to their site and see their offerings. I've got roadside, rental, etc.

Normally I'd agree with you about the company itself and pay a bit more for service etc. But were talking half the price here! As long as my claims are paid, they can keep the "white glove treatment". I had E-Surance prior, filed one claim and it was fine. I think most reputable outfits behave closely.

 

What are the coverages and deductibles. When I want to change my auto insurance company I check with the body shop I use for repairs (have 3 cars and a teenager) and ask them who allows them to make proper repairs at reasonable cost. Then I contact those companies for quotes and go with the best rate. I have
Collision 500 deductible,
$50 comprehensive
liability (bodily $500k, property $100k
uninsured/underinsured $500k/$100k) $250 deductible
and rental up to $1000.


My high limits are required for carrying an umbrella policy for home and auto. that I highly recommend. My premium on the Jag is high @ $2k/year with State Farm, but I have peace of mind.

 

See Attachment

 

Based on your coverage, I think you have a decent deal. From my experience your coverage is inadequate. I was in a chain accident last year in LA in a rental car. I was the lead car and was rear ended by a car that was hit by a car that was hit by a car that was hit by the 4th car back. So 4 cars. the car that was the perpetrator of the chain collision was carrying minimal insurance and my insurance had to kick in and pay for my rental repair. While my repair was only $500 the other cars sustained much more damage and medical bills were incurred also. So from what I have been told the at fault drive was sued by the other drivers insurance companies and ended up losing his car and declared bankruptcy. Just my .02 cents.

 

I am insured with Allstate. A couple of months ago I stupidly backed out of my driveway into a trailer used to transport lawn cutting equipment for the public area across from my house, which I failed to notice. A bit expensive to say the least.

No questions asked, Allstate immediately approved the repair from the body shop of my choice, and also covered the "hidden" damage the body shop discovered behind the rear bumper, which Allstate's adjuster couldn't see.

In addition, Allstate has "accident forgiveness", which means my rates didn't go up one cent when I renewed my policy this month. I couldn't be happier.

I guess what I'm suggesting is that with insurance you have to be certain that you aren't cheating yourself by going "low bidder"; as in many life situations, you get what you pay for.

 

I have State Farm, with higher coverages, same deductible ($500 anyway, which I need to raise) for less than $400 each 6 months.
Granted, my wife's jag is not supercharged.
It was hit in the rear/left 3 days after we got it by a driver without insurance, and State Farm of course stepped into action to get it into repair.
And of course as all insurers know, the adjusters best guess doesn't know what lies beneath as far as damage, so they know the final will include unseen damage.

I've had State Farm for a long time, but occasionally shop around. I've checked Costco services, but never found a great deal compared to others I've used. I do like Costco for a lot of things though, but found that they're not always the best bet. But the insurance rate you got looks competitive.
I have gone to USAA for short stints, but usually go back to State Farm.
I plan on getting a quote from Amica, just to see how they compare.

 

Really, just $5k in property liability and $30k in bodily injury? You are effectively uninsured. I certainly hope you are judgment proof. Other than perhaps meeting legal requirements for having coverage, you are paying for nothing with respect to liability protection. Should you actually hit someone in your XJ, you might as well just give them your car keys. Any type of bump today will cause more than $5k in liability to the at-fault driver (repair, loss of use, and diminution in value). When your $5k of coverage is exhausted they will be looking to you for the rest. My daughter's 2011 Subaru was just slightly bumped by another driver. It needed nothing more than a new bumper, fender and door panel - all bolt on parts - and paint. Body shop was $3800, rental was $630 and diminution of value was $1550. That would have exceeded your property damage coverage by almost $1k. Coverage like yours is why I carry very good Uninsured/Underinsured coverage. I can't imagine if you were to hit the wrong person and cause bodily injury. Seeing a nice XJ they will certainly now be "significantly injured" and run up sizable medical bills before their "attorney" realizes what poor coverage you have. Then, given the nice car you own, that attorney will be looking to your pocket/assets for the rest of his and his client's payday. IMHO you should reconsider raising your liability coverage if you have any non-exempt assets worth protecting.

For comparison our 2013 XJ is $678 a year at State Farm with bodily injury coverage of $250k per person / $500k per occurrence and property damage of $100k (UM/UIM limits to match), collision has a $1k deductible and comprehensive a $250 deductible.

 

Holy cow. Those are really low limits. Mine are 10x higher than that!

 

I didn't investigate higher limits.

I've always just carried minimums.

I'll give it some thought.

 

I agree with the group. That is horrible coverage and not a deal at all.

I have mercury with $500k/$1M/$500K coverage and deductibles of $250 collision/ $100 comprehensive and my payment is only $860/yr

To add to some of the other examples posted here, I was hit over Christmas in my ML63. On the surface, it looked to be minor bumper damage. Total bill to repair was $17k

 

polarisnavyxj we're not trying to beat you up, we value your membership and good taste in cars and don't want you to loose anything you have worked hard to earn in just a minor accident.

 

Insurance limits generally depend on what you've got to lose.
The only time insurance comes in is when the expense (liability to others or yourself) is more than you can stand to give up. If someone has nothing to lose, or if someone doesn't have the means to pay for damage they're liable for, insurance is a must.
On the other hand, for those that have assets on the moderately large side, the coverage will protect the insured up to that amount.
And for those with extraordinarily great assets, they may choose to be self-insured, legally, which a lawyer and accountant make sure the owner has enough assets to cover liability and possible legal representation in lieu of outside insurance.
So anyone with a car, the limits should at very least be enough for their car and maybe home.
And if there is a loan on the property/car, I think the lender would require it!

But on the other hand, if the driver would not be bothered if losing the whole value of the Jag, and other assets if potential litigants would pursue, it's not an issue.

I apologize for verbosely stating the obvious.

 

I get all this, simply have never been in a major accident, let alone an accident involving injuries in 35 years of driving thus far....Up till now, had I not had auto insurance and paid for any and all repairs out of my pocket, Id be up about $50,000 in lost premiums. I don't even think in my life I've even ever been at fault in an accident that I can remember.

I say all this not to say that my first couldn't happen tomorrow, but to say why I have never explored extra coverage.

Looking for the nearest piece of wood.

 

I must apologize for stating the obvious; I have a bad habit of this, as I find at work that it sometimes helps bring things back in scope when we're looking for a solution to a problem and end up going off away from the problem altogether. I try to avoid it when not needed, but I still digress sometimes.

It's great that you've been spared any accidents that would make insurance worth it's cost. I certainly hope you never need it, and that you have never been at fault certainly makes you a good wager to never need it.
A curiously funny side of today's generations, maybe in America more than others, so many of us tend to be at least a little judgemental on limited amounts of the facts and context.
Could be driven by news and media we're fed today, since in the last 3 or 4 decades, news media has become more of a profit-driven form of entertainment rather than a droll, fact-centered source of info. Now a lot of news seems to take limited facts, and flavor the story to keep the attention of the audience. It used to just put out the facts and then let us get back to what we were watching or doing.
Do we really need 2 1/2 hours of local news each night and morning? And the stuff they fill the 1/2 hour of network news is more fluff than substance...
But I digress again.

Basically, whatever you and all of us are doing for our individual insurance profiles is working for each of us even though when your protection may not make sense in my context, or mine to yours, we all get through. We must be doing something right; we all chose the X351 Jag XJ!

 

Insurance is like a parachute; if you don't have it when you need it you're in really big trouble.

Exception: Life insurance - why give a beneficiary an incentive to plan your untimely demise? Having none will make your funeral a truly sad day.

Just kidding.

Seriously, auto insurance rates vary by state. In my experience the best deal in Georgia is from AARP The Hartford because that product is based on a pool of drivers age 50 and over. One of their underwriters told me that most people think that older drivers have more accidents and are more expensive to insure. Truth is that while they may have more accidents, the property damage and personal injury claims are actually less costly because they tend to drive slower and cause less damage. The most costly group is drivers under age 26. By not having any drivers under age 50 in their loss pool, AARP The Hartford has a low loss ratio (claims paid/premiums) and can charge lower rates.

Comparing rates makes sense only if you're in the same state, assuming all other things are equal, which rarely is the case.

Stuart

P.S. Forgot to mention that another reason for lower rates for 50+ drivers is their shorter life expectancy, which results in smaller payouts for their loss of future income claims.

 

Is AARP 50+?

Im 51 so perhaps I should get a quote.

 

Yes, AARP eligibility starts at age 50 and you don't have to be retired.

 

I am 28 and I can't tell you how many cards AARP has sent me!! I don't know who told them I was retiring already!