Cheap Insurance for a Jeep Liberty in Anchorage

Has it been a year or more since you last compared quotes for more competitive Jeep Liberty insurance in Anchorage? Have you had enough of robbing Peter to pay Paul to pay high auto insurance rates every month? Your situation is no different than the majority of other people in Alaska.

It’s amazing but most consumers have remained with the same auto insurance company for at least four years, and nearly the majority have never even compared quotes to find affordable rates. Consumers in Anchorage could save themselves nearly $370 a year, but they don’t invest the time required to find affordable rates by getting comparison quotes.

Multiple auto insurance companies compete for your hard-earned dollar, and because of this it can be hard to compare insurers to find the absolute best rates possible on Jeep Liberty insurance in Anchorage.

It’s a good habit to compare prices yearly due to the fact that insurance prices are constantly changing. Even if you think you had the best price on Jeep Liberty insurance in Anchorage six months ago there may be better deals available now. Block out anything you think you know about auto insurance because you’re going to learn how to use the internet to properly buy coverages and cut your premium.

Statistics and details

The information displayed below showcases detailed analysis of coverage costs for Jeep Liberty models. Being aware of how premiums are calculated can assist in making decisions when choosing a new policy provider.

Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Estimates do not factor in specific Anchorage garaging location which can modify coverage prices considerably.

The chart below highlights how deductible choice and can change Jeep Liberty premium costs for different categories of driver ages. The information is based on a married female driver, full coverage, and no discounts are factored in.

Should you buy full coverage?

The chart below shows the comparison of Jeep Liberty insurance premiums with full coverage and liability only. The data is based on a clean driving record, no at-fault accidents, $250 deductibles, single marital status, and no discounts are applied to the premium.

Should you be buying full coverage?

There is no set rule for excluding physical damage coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is 10% or more of replacement cost minus your deductible, then you might want to think about dropping full coverage.

For example, let’s assume your Jeep Liberty book value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company would pay you is $8,000 after the policy deductible has been paid. If premiums are more than $800 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are some circumstances where dropping full coverage is not a good idea. If you have an outstanding loan on your vehicle, you have to keep full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not eliminate full coverage.

Insurance coverages explained

Having a good grasp of a insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Policy terminology can be ambiguous and reading a policy is terribly boring.

Liability car insurance

This coverage will cover damages or injuries you inflict on other people or property by causing an accident. This insurance protects YOU from legal claims by others. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 50/100/25 which stand for $50,000 bodily injury coverage, $100,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for claims like funeral expenses, emergency aid, legal defense fees and structural damage. How much coverage you buy is a personal decision, but you should buy as high a limit as you can afford. Alaska state law requires minimum liability limits of 50/100/25 but it’s recommended drivers buy more liability than the minimum.

The next chart shows why minimum state limits may not be adequate.

Medical expense coverage

Medical payments and Personal Injury Protection insurance kick in for bills for things like EMT expenses, nursing services and doctor visits. They are used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and damage to your Jeep Liberty.

Since many Alaska drivers only carry the minimum required liability limits (which is 50/100/25), their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Usually these limits are identical to your policy’s liability coverage.

Comprehensive protection

This covers damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as vandalism, falling objects, damage from flooding, fire damage and hail damage. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision coverage

This coverage pays for damage to your Liberty resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as rolling your car, colliding with another moving vehicle and damaging your car on a curb. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. It’s also possible to increase the deductible on your Liberty to get cheaper collision coverage.

A conclusion for your insurance search

Cheap Jeep Liberty insurance in Anchorage can be found on the web and with local Anchorage insurance agents, and you need to price shop both to have the best rate selection. There are still a few companies who may not provide internet price quotes and many times these regional carriers provide coverage only through local independent agents.

Drivers leave their current company for a number of reasons such as denial of a claim, delays in paying claims, delays in responding to claim requests and even being labeled a high risk driver. Regardless of your reason for switching companies, switching companies is actually quite simple.

Throughout this article, we presented many ways to save on Jeep Liberty insurance in Anchorage. The key thing to remember is the more rate quotes you have, the more likely it is that you will get a better rate. You may even find the best car insurance rates are with a smaller regional carrier.

Steps to finding cheaper Jeep Liberty insurance in Anchorage

To save the most money, the best way to get cheaper auto insurance rates in Anchorage is to make a habit of regularly comparing prices from insurance carriers that sell auto insurance in Alaska.

Step 1: It will benefit you to learn about auto insurance and the measures you can take to keep rates in check. Many rating criteria that cause rate increases such as speeding and an unacceptable credit history can be remedied by paying attention to minor details.

Step 2: Compare rates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give rate quotes from a single company like GEICO and Allstate, while agents who are independent can quote prices for a wide range of companies. Find an Anchorage insurance agent

Step 3: Compare the price quotes to the price on your current policy to see if a cheaper price is available. If you find better rates and decide to switch, verify that coverage does not lapse between policies.

One important bit of advice is to compare the same coverage limits and deductibles on each price quote and and to look at all possible companies. This enables an accurate price comparison and the most accurate and complete price analysis.

To read more, take a look at the following helpful articles:

• Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)
• How Much are Car Insurance Quotes for Ride Shares in Anchorage? (FAQ)
• Who Has Cheap Auto Insurance for a Toyota Corolla in Anchorage? (FAQ)
• What Auto Insurance is Cheapest for 17 Year Olds in Anchorage? (FAQ)
• Who Has Cheap Auto Insurance for College Students in Anchorage? (FAQ)
• Get the Right Protection (InsureUonline.org)
• If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
• Collision Insurance Coverage (Nationwide)
• Eight Auto Insurance Myths (Insurance Information Institute)