Land Rover LR2 Insurance Rates in Jersey City

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Insurance rates Land Rover LR2 in Jersey CityDid a good deal turn into an overpriced insurance policy? You're preaching to the choir because there are lots of people in the same boat.

It's well known that car insurance companies don't want their customers to go rate shopping. Drivers who compare other prices will, in all likelihood, move their business because of the good chance of finding discount prices. A recent survey discovered that consumers who compared rates regularly saved over $70 a month compared to people who never compared prices.

If finding the lowest price for car insurance is your intention, then learning a little about how to quote prices and compare coverages can make shopping around easier.

Steps to buying cheaper Land Rover LR2 insurance in Jersey City

If your goal is the lowest price, then the best way to get budget Land Rover LR2 insurance is to annually compare prices from providers in Jersey City.

Step 1: Try to comprehend individual coverages and the things you can control to keep rates in check. Many rating factors that increase rates such as tickets, at-fault accidents, and an imperfect credit rating can be improved by making minor changes to your lifestyle. Continue reading for more information to help prevent costly coverage and find available discounts that you may qualify for.

Step 2: Request price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can provide rates from a single company like Progressive or Farmers Insurance, while agents who are independent can give you price quotes for many different companies.

Step 3: Compare the new quotes to your existing policy and see if you can save money. If you find a lower rate and buy the policy, make sure coverage is continuous and does not lapse.

A good piece of advice is that you use the same coverage limits and deductibles on each quote request and and to compare as many different insurance providers as possible. Doing this ensures a level playing field and a complete price analysis.

Big-name insurance companies like State Farm, Progressive and GEICO constantly bombard you with fancy advertisements and it is challenging if not impossible to not get sucked in by the cute commercials and do the work needed to find the best deal.

It's important to quote other rates yearly because prices go up and down regularly. Even if you think you had the best rate on Land Rover LR2 insurance in Jersey City a few years ago the chances are good that you can find a lower premium rate today. Forget all the misinformation about insurance because I'm going to let you in on the secrets to how to use the internet to eliminate unnecessary coverages and save money on Land Rover LR2 insurance in Jersey City.

Just keep in mind that comparing more quotes increases the chance that you will find a lower rate than you're paying now.

The car insurance companies shown below provide free rate quotes in Jersey City, NJ. To locate cheap auto insurance in Jersey City, NJ, it's a good idea that you compare several of them in order to get a fair rate comparison.

Lower rate quotes on Land Rover LR2 insurance in Jersey City with these discounts

Auto insurance is neither fun to buy or cheap, but you might already qualify for some discounts that could help you make your next renewal payment. Certain discounts will be triggered automatically at the time you complete a quote, but some need to be requested specifically prior to getting the savings.Discount auto insurance

  • Save over 55 - Mature drivers can possibly qualify for a slight reduction on a Jersey City auto insurance quote.
  • Claim Free - Claim-free drivers pay much less in comparison to policyholders that have many claims.
  • Anti-theft System - Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems are less likely to be stolen and can earn a small discount on your policy.
  • Multi-Vehicle Discounts - Buying coverage for multiple cars with the same company may reduce the rate for each vehicle.
  • Paperless Signup - Certain larger companies will discount your bill up to fifty bucks just for signing your application on your computer.
  • Organization Discounts - Joining qualifying clubs or civic groups could qualify you for a break on your bill.

Don't be shocked that most of the big mark downs will not be given to the whole policy. A few only apply to the cost of specific coverages such as collision or personal injury protection. So when it seems like all those discounts means the company will pay you, it doesn't quite work that way.

The information below visualizes the comparison of Land Rover LR2 insurance prices with and without discounts applied. The price estimates are based on a female driver, no claims or driving violations, New Jersey state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, multi-policy, claim-free, safe-driver, and multi-car discounts applied.

If you would like to view insurers that can offer you the previously mentioned discounts in Jersey City, click here.

Land Rover LR2 detailed coverage information

The premium information displayed next showcases estimates of coverage costs for Land Rover LR2 models. Learning how car insurance prices are formulated can be valuable when making smart policy decisions.

Land Rover LR2 Insurance Rates in Jersey City, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LR2 $452 $722 $490 $30 $146 $1,840 $153
LR2 HSE $452 $722 $490 $30 $146 $1,840 $153
LR2 HSE Luxury $452 $722 $490 $30 $146 $1,840 $153
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Data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Estimates do not factor in specific garaging location which can affect prices considerably.

Auto insurance deductibles

One of the most common auto insurance questions is how high should the physical damage coverage deductibles be. The premium rates below may help you to understand the price difference when you choose different coverage deductibles. The first table uses a $250 comprehensive and collision deductible and the second set of prices uses a $500 deductible.

Land Rover LR2 insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LR2 $466 $738 $480 $28 $144 $1,881 $157
LR2 HSE $466 $738 $480 $28 $144 $1,881 $157
LR2 HSE Luxury $466 $738 $480 $28 $144 $1,881 $157
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Land Rover LR2 insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LR2 $380 $594 $480 $28 $144 $1,626 $136
LR2 HSE $380 $594 $480 $28 $144 $1,626 $136
LR2 HSE Luxury $380 $594 $480 $28 $144 $1,626 $136
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Price information does not factor in specific garaging location which can lower or raise premiums noticeably.

Based on the data above, we can derive that using a $250 deductible will cost in the ballpark of $21 more each month or $252 a year across all Land Rover LR2 models than selecting the higher $500 deductible. Because you would be required to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you tend to go at a minimum 12 months between claims, you would most likely save money if you decide on a higher deductible.

How to calculate when to raise deductibles

Average monthly premium for $250 deductibles: $157
Average monthly premium for $500 deductibles (subtract): - $136
Monthly savings from raising deductible: $21
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $21
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 12 months

The illustration below illustrates how choosing a deductible and can raise or lower Land Rover LR2 insurance rates for different age groups of insureds. The premiums are based on a married male driver, full coverage, and no discounts are taken into consideration.

Responsible drivers pay cheaper auto insurance rates

The example below illustrates how violations and at-fault claims impact Land Rover LR2 annual premium costs for different age groups of insureds. The premiums are based on a single male driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.

Full coverage versus liability only rates

The example below shows the comparison of Land Rover LR2 car insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The prices are based on no claims or violations, $250 deductibles, single marital status, and no discounts are taken into consideration.

Deciding between full coverage and liability only

There is no set guideline that works best for making the decision to drop physical damage insurance, but there is a general convention. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let's pretend your Land Rover LR2 settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $4,000 after the policy deductible has been paid. If you are paying more than $400 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.

There are some cases where eliminating full coverage is not recommended. If you still owe a portion of the original loan, you have to keep full coverage to protect the lienholder's interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.

Which car insurance company is best in Jersey City?

Choosing the highest-rated auto insurance provider can be rather challenging considering how many companies sell insurance in Jersey City. The rank data shown next may help you decide which auto insurance companies you want to consider comparing price quotes from.

Top Car Insurance Companies in New Jersey
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Mercury Insurance 87 96 100 87% A+ 93.4
The Hartford 88 96 91 93% A+ 92.6
Progressive 84 94 99 90% A+ 92.4
Travelers 84 93 100 87% A++ 92.3
State Farm 84 93 95 87% A++ 91
Farmers Insurance 87 92 90 85% A 90.6
Safeco Insurance 85 91 87 86% A 88.4
USAA 71 93 98 87% A++ 88
GEICO 73 93 95 85% A++ 87.1
21st Century 85 85 91 89% A 86.9
Liberty Mutual 72 91 97 83% A 86.4
AAA Insurance 85 85 88 86% A 85.8
Nationwide 71 90 93 83% A+ 84.9
Allstate 69 92 92 83% A+ 84.4
American Family 77 96 80 85% A 83.8
Esurance 70 80 89 77% A+ 79.2
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Data Source: Insure.com Best Car Insurance Companies

Why You Might Pay Increased Rates in Jersey City

A large part of saving on insurance is knowing some of the factors that help calculate the level of your policy premiums. When you know what positively or negatively determines base rates, this allows you to make good choices that can help you get big savings.

The itemized list below are a few of the "ingredients" used by insurance companies to determine prices.

  • Improve your credit rating - An insured's credit score can be an important factor in your rate calculation. If your credit rating can be improved, you could potentially save money when insuring your Land Rover LR2 by spending a little time repairing your credit. Insureds that have excellent credit scores tend to file fewer claims and have better driving records than drivers with lower credit ratings.
  • Your employer is a factor - Did you know your insurance rates can be affected by your occupation? Careers such as judges, executives, and financial analysts tend to pay the highest average rates because of high stress levels and lots of time spent away from family. Conversely, careers such as professors, athletes and homemakers pay lower than average rates.
  • Do you really need to file those insurance claims? - Insurance companies in New Jersey award discounts to drivers who only file infrequent claims. If you file a lot of claims you can look forward to either a policy non-renewal or much higher rates. Your car insurance is intended for major claims that would cause financial hardship.
  • Don't skimp on liability - Liability coverage will afford coverage if a jury decides you are liable for causing damage or personal injury in an accident. Your policy's liability insurance provides legal defense which can cost a lot. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so drivers should make sure they buy enough to cover all assets.
  • Deter theft and save money - Owning a car that has a built-in theft deterrent system can help lower your premiums. Anti-theft features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop your car from being stolen.
  • Cars with good safety ratings means cheaper prices - Vehicles that have high safety ratings tend to be cheaper to insure. Vehicles built for safety result in less severe injuries and fewer serious injuries translates into savings for insurance companies which can mean better rates for you.
  • Land Rover LR2 claim probability - Insurers use data from past claims to calculate a price that will offset any claims. Vehicles that are shown to have increased claim numbers or amounts will cost more to insure. The data below shows the compiled insurance loss statistics for Land Rover LR2 vehicles.

    For each policy coverage, the claim probability for all vehicles averaged together is considered to be 100. Values that are under 100 represent a good loss history, while numbers that are greater than 100 indicate frequent claims or tendency to have larger claims.

    Car Insurance Loss Data for Land Rover LR2 Models
    Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Land Rover LR2 4dr 4WD 115 162 99
    BETTER
    AVERAGE
    WORSE

    Empty fields indicate not enough data collected
    Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years