It’s easy to assume that car insurance companies don’t want you to compare rates. People who perform rate comparisons are highly likely to switch companies because there is a good chance of finding a cheaper policy. A recent survey found that people who regularly shopped around saved over $72 a month compared to those who never shopped around for lower prices.
If finding the lowest price for car insurance is your goal, then having some knowledge of how to choose a company and compare insurance premiums can make it easier to find better rates.
It takes a little time, but the best way to find the cheapest price for Jaguar XF insurance in Anchorage is to compare prices once a year from different companies that sell auto insurance in Alaska. Price quotes can be compared by following these steps.
First, gain an understanding of how companies price auto insurance and the modifications you can make to drop your rates. Many factors that increase rates like tickets, at-fault accidents, and poor credit history can be controlled by paying attention to minor details. Later in this article we will cover instructions to prevent high prices and find possible discounts that are available.
Second, obtain price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can provide rates from a single company like GEICO and State Farm, while independent agents can provide price quotes for a wide range of companies. Get quotes now
Third, compare the new rate quotes to your existing coverage and see if you can save money. If you find a lower rate and change companies, make sure there is no coverage gap between policies.
Fourth, give proper notification to your current agent or company to cancel your current coverage. Submit a down payment along with a completed application for your new policy. Once coverage is bound, keep the new proof of insurance certificate along with your vehicle registration.
An important note is to compare the same amount of coverage on every quote and and to get quotes from as many car insurance companies as possible. Doing this ensures an accurate price comparison and the best price quote selection.
Finding the best-priced coverage in Anchorage is easy to do. If you have a current car insurance policy or need new coverage, use these cost-cutting techniques to find better prices without sacrificing coverage. Drivers just need to learn the quickest way to compare prices online from multiple companies.
The majority of larger companies such as State Farm, Allstate and GEICO give coverage price quotes directly from their websites. Doing online price comparisons for Jaguar XF insurance in Anchorage is possible for anyone because you just enter the coverage amounts you desire into the form. After the form is submitted, their quoting system will order reports for credit and driving violations and returns a price based on the information you submitted.
This streamlines rate comparisons, and it’s necessary to have as many quotes as possible in order to get the lowest possible payments on auto insurance.
To save time and find out how much you’re overpaying now, take a look at the companies shown below. If you have your current policy handy, we recommend you type in the limits and deductibles just like they are on your policy. Doing this guarantees you will receive comparison quotes for the exact same coverage.
The companies shown below provide quotes in Anchorage, AK. If you want the best cheap car insurance in Alaska, we recommend you visit several of them to get the most affordable price.
Coverage information
The price information shown below covers detailed analysis of insurance prices for Jaguar XF models. Having a better understanding of how prices are determined can be useful when making informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XF Luxury 4-Dr Sedan | $138 | $284 | $256 | $16 | $76 | $770 | $64 |
| XF Premium 4-Dr Sedan | $138 | $284 | $256 | $16 | $76 | $770 | $64 |
| XF Supercharged 4-Dr Sedan | $152 | $316 | $256 | $16 | $76 | $816 | $68 |
| XF R 4-Dr Sedan | $164 | $350 | $256 | $16 | $76 | $862 | $72 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Price estimates do not factor in garaging location in Anchorage which can alter prices substantially.
Physical damage deductibles: Should you raise them?
One frequently asked question is how high or low should comp and collision deductibles be. The comparisons below summarize the difference in cost between high and low policy deductibles. The first data set uses a $100 deductible for comprehensive and collision coverage and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XF Luxury 4-Dr Sedan | $324 | $648 | $272 | $16 | $82 | $1,367 | $114 |
| XF Premium 4-Dr Sedan | $324 | $648 | $272 | $16 | $82 | $1,367 | $114 |
| XF Supercharged 4-Dr Sedan | $354 | $724 | $272 | $16 | $82 | $1,473 | $123 |
| XF R 4-Dr Sedan | $384 | $800 | $272 | $16 | $82 | $1,579 | $132 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XF Luxury 4-Dr Sedan | $236 | $438 | $272 | $16 | $82 | $1,044 | $87 |
| XF Premium 4-Dr Sedan | $236 | $438 | $272 | $16 | $82 | $1,044 | $87 |
| XF Supercharged 4-Dr Sedan | $258 | $490 | $272 | $16 | $82 | $1,118 | $93 |
| XF R 4-Dr Sedan | $280 | $540 | $272 | $16 | $82 | $1,190 | $99 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Premium amounts do not factor in specific location information which can modify prices noticeably.
Based on this data, using a $100 deductible could cost the average driver approximately $29 more each month or $348 annually than quoting the higher $500 deductible. Since you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you tend to have more than 14 months between claims, you would probably save some money if you opt for a higher deductible.
Comparison of auto insurance rates by gender and age
The example below shows the difference between Jaguar XF yearly insurance costs for male and female drivers. The premiums assume no accidents, no driving violations, comprehensive and collision coverage, $100 deductibles, marital status is single, and no additional discounts are factored in.
Full coverage rates vs. liability-only
The chart below shows the comparison of Jaguar XF auto insurance rates with full coverage compared to only the Alaska minimum liability coverage. The price estimates are based on a clean driving record, no claims, $500 deductibles, drivers are not married, and no discounts are applied to the premium.
When to drop full coverage
There is no specific rule for excluding full coverage, but there is a guideline you can consider. If the annual cost of coverage is 10% or more of the settlement you would receive from your company, then you may need to consider dropping full coverage.
For example, let’s pretend your Jaguar XF replacement cost is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $2,000 after paying your policy deductible. If you are paying over $200 a year for physical damage coverage, then you might want to consider buying only liability coverage.
There are some conditions where dropping full coverage is not recommended. If you still owe money on your vehicle, you have to keep full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not eliminate full coverage.
Insurance is not optional in Alaska
Despite the high cost, maintaining insurance may be required for several reasons.
- Most states have minimum liability requirements which means you are required to buy a minimum amount of liability insurance in order to drive the car legally. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you bought your Jaguar XF with a loan, more than likely the lender will stipulate that you have physical damage coverage to protect their interest in the vehicle. If you do not keep the policy in force, the lender may insure your Jaguar at a much higher rate and force you to pay the higher price.
- Insurance protects both your vehicle and your assets. It will also pay for many types of medical costs incurred in an accident. One of the most valuable coverages, liability insurance, also covers legal expenses if you are named as a defendant in an auto accident. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.
The benefits of buying insurance are definitely more than the cost, particularly when you have a large claim. Unknowingly, the average driver is overpaying more than $800 each year so smart consumers compare quotes once a year at a minimum to ensure rates are inline.
How Car Insurance Companies Calculate Jaguar XF Insurance Prices
Many different elements are used in the calculation when quoting car insurance. Most are fairly basic such as your driving record, but others are less obvious such as your credit history or how safe your car is. A large part of saving on auto insurance is knowing some of the elements that go into determining the rates you pay for auto insurance. If you understand what impacts premium levels, this allows you to make educated decisions that could result in much lower annual insurance costs.
Listed below are a partial list of the pieces auto insurance companies consider when setting premiums.
Experienced drivers are lower risk – Older insureds tend to be more responsible, are lower risk to insure, and usually have better credit. Teen drivers are statistically shown to be less responsible when at the wheel of a vehicle and because of this, their auto insurance rates are much higher.
The following data uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.
Tickets and citations cost more than a fine – Your driving record has a lot to do with how much you pay for insurance. Careful drivers receive lower rates compared to bad drivers. Only having one citation could increase your next policy renewal substantially. Drivers who have gotten multiple violations like hit and run, DWI or reckless driving convictions may be required to file a SR-22 with their state in order to prevent a license revocation.
The information below shows how violations and at-fault fender-benders impact Jaguar XF insurance costs for different age groups. The rates are based on a single female driver, comp and collision included, $100 deductibles, and no discounts are factored in.
Big cities have higher rates – Having an address in small towns and rural areas has definite advantages when trying to find low car insurance rates. People in densely populated areas regularly have more auto accidents and higher rates of accident claims. Less people translates into fewer accident claims as well as less vandalism and auto theft.
Keep prices low by being claim-free – Auto insurance companies in Alaska provide cheaper rates to policyholders that do not abuse their auto insurance. If you are a frequent claim filer, you can definitely plan on either policy cancellation or increased premiums. Your insurance policy is meant to be used in the event of claims that you cannot pay yourself.
Do you have a stressful vocation? – Did you know your auto insurance rates can be affected by your occupation? Careers like judges, social workers, and accountants tend to pay the highest average rates in part from high stress and long work hours. Other jobs like professors, students and retirees pay lower than average rates.
Jaguar XF insurance loss data – Companies analyze historical claim data when they set coverage costs for each model. Vehicles that have higher losses will be charged more to insure.
The table below outlines the historical loss data for Jaguar XF vehicles. For each insurance policy coverage type, the loss probability for all vehicles, as a total average, is represented as 100. Numbers under 100 suggest a better than average loss history, while numbers that are greater than 100 indicate higher probability of having a loss or an increased chance of larger losses than average.
| Vehicle 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: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Slash rates with these discounts on Jaguar XF insurance in Anchorage
Some insurers don’t necessarily list all discounts very well, so the following list contains some of the more common and also the more inconspicuous credits that you can use to lower your rates.
- Multi-car Discount – Having multiple cars or trucks on the same insurance policy can get a discount on all vehicles.
- Smart Student Discounts – This discount may save as much as 25% on a Anchorage car insurance quote. You can use this discount normally well after school through age 25.
- Senior Citizen Rates – Older drivers may be able to get lower premium rates.
- Good Driver Discounts – Safe drivers can get discounts for up to 45% lower rates compared to accident prone drivers.
- Student Driver Training – Cut your cost by having your teen driver successfully complete driver’s ed class in school or through a local driver safety program.
- Policy Bundle Discount – When you combine your homeowners and auto insurance and insure them with the same company they may give you a discount of at least 10% off all policies.
- Government Employees – Being employed by or retired from a federal job may qualify for a discount when you quote Anchorage car insurance with some insurance companies.
- Club Memberships – Joining specific professional or occupational memberships or organizations is a good way to get lower rates on your next renewal.
- Anchorage Homeowners Pay Less – Just being a homeowner can save a few bucks since owning and maintaining a home requires a higher level of personal finance.
- Renewal Discounts – Some larger companies provide a discount for renewing your policy early. It’s a savings of about 10%.
Consumers should know that most credits do not apply to all coverage premiums. Most cut the cost of specific coverages such as liability and collision coverage. So even though it sounds like all those discounts means the company will pay you, insurance companies aren’t that generous.
The illustration below visualizes the comparison of Jaguar XF premium costs with and without discounts. The premiums assume a female driver, no violations or accidents, Alaska state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, multi-policy, marriage, claim-free, and homeowner discounts applied.
A partial list of companies that may offer quotes with some of the discounts shown above include:
If you are trying to find low cost Anchorage car insurance quotes, ask every insurance company which credits you are entitled to. Some of the discounts discussed earlier may not apply in Anchorage. To choose insurance companies that can offer you the previously mentioned discounts in Alaska, click this link.
When to get professional advice
When it comes to choosing coverage, there really is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs.
Here are some questions about coverages that may help you determine whether you might need an agent’s assistance.
- I have good health insurance, so how much medical payments coverage do I need?
- What is the premium to book value ratio for dropping full coverage?
- Is a driver training discount available?
- Is a fancy paint job covered?
- Is my vehicle covered by my employer’s policy when using it for work?
- What is glass protection for?
- Am I better off with higher deductibles on my Jaguar XF?
- Am I covered if I break a side mirror?
If you’re not sure about those questions, you may need to chat with a licensed agent. To find an agent in your area, take a second and complete this form. It is quick, free and you can get the answers you need.
Insurance agencies near you
Some consumers would rather sit down and talk to an agent and we recommend doing that Licensed agents can help you choose the best coverages and help submit paperwork. The biggest benefit of getting free rate quotes online is you may find lower rates and still choose a local agent. And providing support for local insurance agencies is important especially in Anchorage.
By using this short form, the quote information is emailed to local insurance agents in Anchorage that can give you free Anchorage car insurance quotes and help you find cheaper coverage. You never need to leave your computer since rate quotes are delivered to the email address you provide. In the event you want to quote rates from a specific company, you just need to search and find their rate quote page and submit a quote form there.
If you need to find a good Anchorage insurance agent, there are two types of agencies and how they can quote your rates. Anchorage agents can be categorized as either independent or exclusive. Both types of agents can sell affordable auto insurance policies, but it’s a good idea to understand how they differ because it can impact buying decisions.
Independent Auto Insurance Agents (or Brokers)
These type of agents often have many company appointments and that allows them to write policies with an assortment of companies and possibly get better coverage at lower prices. If prices rise, your policy is moved internally and the insured can keep the same agent. When shopping rates, it’s recommended you compare prices from independent agents to have the most options to choose from. Many can place coverage with lesser-known insurance companies which could offer lower prices.
Below are independent insurance agents in Anchorage who can help you get free rate quotes.
- Randall Moss Insurance
2960 C St #200 – Anchorage, AK 99503 – (907) 562-6224 – View Map - Insurance Group Of Alaska
505 W Northern Lights Blvd #216 – Anchorage, AK 99503 – (907) 276-9600 – View Map - Aurora Insurance Services – A Horace Mann Company
4450 Cordova St #120 – Anchorage, AK 99503 – (907) 563-5300 – View Map
Exclusive Insurance Agencies
Agents that elect to be exclusive are contracted to one company and examples are State Farm, AAA, and Liberty Mutual. Exclusive agents cannot compare rates from other companies so they have no alternatives for high prices. Exclusive agencies are very knowledgeable on their company’s products and that allows them to sell at a higher price point. Some people will only choose to use an exclusive agent mostly because of the brand legacy and the convenience of having all coverages with one company.
The following are Anchorage exclusive agents that can give you rate quotes.
- Lisa Sanders – State Farm Insurance Agent
8427 Laviento Dr #201 – Anchorage, AK 99515 – (907) 344-0506 – View Map - Amanda Juliussen – State Farm Insurance Agent
5600 Debarr Road Ste 140 – Anchorage, AK 99504 – (907) 333-4131 – View Map - State Farm Insurance – Justin Goodman
4200 Old Seward Hwy – Anchorage, AK 99503 – (907) 561-7771 – View Map
Selecting an auto insurance agent is decision based upon more than just a cheap price quote. Any agent in Anchorage should be willing to answer these questions.
- What are the financial ratings for the companies they represent?
- How long has the business existed?
- Does the company use OEM repair parts?
- Do the coverages you’re quoting properly cover your vehicle?
- Is there any savings for paying the full premium?
Once you have received good feedback to your questions and a low price estimate, you’ve probably found a car insurance agent that is professional and can insure your vehicles. Just understand that you can always cancel a policy for any reason so don’t feel that you’re stuck with a policy with no way out.
Do the work, save more money
As you shop your coverage around, it’s not a good idea to buy poor coverage just to save money. In many cases, an insured cut liability coverage limits and learned later they didn’t purchase enough coverage. Your goal should be to get the best coverage possible at the lowest possible cost, but do not sacrifice coverage to save money.
Insureds change insurance companies for many reasons like poor customer service, unfair underwriting practices, delays in responding to claim requests and extreme rates for teen drivers. It doesn’t matter what your reason, finding a new company can be less work than you think.
You just learned a lot of information how to find lower-cost Jaguar XF insurance in Anchorage. It’s most important to understand that the more times you quote, the better your chances of lowering your prices. Drivers may even discover the most savings is with an unexpected company.
Much more information about insurance in Alaska can be found below:
- Alcohol Impaired Driving FAQ (iihs.org)
- Who Has the Cheapest Auto Insurance for Homeowners in Anchorage? (FAQ)
- Who Has Cheap Anchorage Auto Insurance for Uber Drivers? (FAQ)
- How Much are Anchorage Car Insurance Quotes for Real Estate Agents? (FAQ)
- What Auto Insurance is Cheapest for 17 Year Olds in Anchorage? (FAQ)
- Who Has Affordable Auto Insurance for a School Permit in Anchorage? (FAQ)
- What Car Insurance is Cheapest for Electric Cars in Anchorage? (FAQ)
- How Much are Anchorage Auto Insurance Rates for a Dodge Ram? (FAQ)
- Front crash protection reduces rear-end crashes (Insurance Institute for Highway Safety)
- Where can I buy Insurance? (Insurance Information Institute)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)