Car insurance is one of the biggest expenses for any car owner.
Jaguar insurance premiums vary, so it’s not easy to estimate your cost before you buy a new car.
Insurance companies base their premiums on several variables including your gender, age, driving record, and location.
However, one of the biggest factors insurance companies take into consideration is the type of car you drive.
They use statistics and ratings for your vehicle to determine a good portion of your premium costs.
Because of this, knowing more about your vehicle makes it easier to estimate your insurance rates.
How Much Does Jaguar Insurance Cost?
It’s always a good idea to obtain quotes from multiple insurance companies before buying a policy, but before you do that, you need to have an idea of just how much insurance you need.
The total amount of coverage you’re required to carry depends on your state’s laws and your lender, if you take out a loan.
However, if you have valuable assets, you might want to think about increasing your liability coverage to make sure you’re fully protected in the event of an accident.
While these are all important items to consider, you should also take some time to review how owning a Jaguar affects your insurance premiums.
Safety Rating and Damage Threshold
The Jaguar X-Type received a “Good” safety rating in the Moderate Overlap Front category.
These tests showed only a minimal risk of injury to front seat passengers.
However, this alone probably won’t decrease your Jaguar insurance rates because the model only achieved “Marginal” safety ratings when it was crash-tested using the side of the vehicle, and it has “Poor” ratings for head and seat restraints.
The S-Type Jaguar did receive “Good” ratings for its head and seat restraints, but it wasn’t tested in other areas, so it’s unlikely that your rates would be lower based on these figures alone.
Comprehensive and Collision Coverage
The cash value of your car is another factor insurance companies look at, especially when computing your comprehensive and collision coverage.
This coverage pays for damage to your vehicle if there’s a loss, so it makes sense that the car’s value is reflected in your rates.
Being luxury cars, Jaguars have a relatively high sales price, and there’s a good chance the overall value of the car will increase your insurance premiums.
However, you can save some money on your insurance by purchasing a sedan instead of a coupe and buying a Jaguar that’s used instead of new.
For comparison, in San Francisco a brand new 2018 Jaguar F-Type costs between $53,717 and $57,268, while a used 2017 Jaguar XE costs between $23,760 and $28,423.
Because there’s such a large difference in the car’s value, there’s bound to be a drastic difference in insurance premiums for these two vehicles.
If you want an option that’s somewhere in the middle, consider purchasing a new 2018 Jaguar E-PACE P250.
This SUV’s base model costs between $36,783 and $38,754 in San Francisco, so while your insurance rates won’t be as low as they could be if you owned the sedan, they should be lower than the rates for the F-Type.
Claims Frequency and Potential to Cause Damage
The frequency of claims reported for specific vehicle types also factors into your Jaguar insurance premium.
The more claims filed and more dollars spent in losses for a specific vehicle on average, the higher the insurance rates for that car across the board.
According to the Insurance Institute for Highway Safety (IIHS), Jaguar’s F-Type and XE both have collision claim averages that are well above what’s considered normal, as do the XF and XJ.
The XF and XJ also have a higher-than-average amount of comprehensive claims filed.
So overall, there’s a good chance Jaguar’s overall claims frequency ratings could increase your insurance premiums.
Fortunately, when it comes to safety features, luxury cars like Jaguars are typically loaded.
This could score you several discounts on your auto insurance.
The type of discounts available vary between insurers, but some of the more common discounts for safety features include those for anti-lock brakes, daytime running lights, rearview cameras, blind-spot detection warnings, and passive restraint systems.
Jaguars are well-equipped with safety features.
The F-PACE has a lane keep assist and driver condition monitor, front and rear parking aids, and a rear camera, as does the I-PACE and E-PACE.
The FX also has advanced parking aids, a 360-degree surround camera, and an adaptive speed limiter, and the XJ has all of this plus a lane departure warning.
In addition, all models also have passive restraint systems and airbags.
Getting a Quote: What are the Best Companies for Jaguar Insurance?
You should choose an insurance company that offers you a decent price, but that’s not the only thing you should consider.
When shopping around for Jaguar insurance evaluate the company’s:
- Financial ratings
- Customer service ratings
- Claims process and claims satisfaction ratings
Before obtaining Jaguar insurance quotes, it helps to first gather all of the information for your vehicle, including the year, make and model, a list of the car’s safety features, and basic information for all household drivers.
You should also compile a list of questions to ask each insurer including:
- How does a higher deductible affect the rates?
- Do you offer a discount for good drivers?
- Are there any discounts available for cars that aren’t driven a lot?
Because Jaguars are considered luxury vehicles, you could face limited options when it comes to insurance.
Not all insurance companies cover luxury vehicles, and those that do might require you to carry specialty insurance since they cost a lot more to replace and repair than most other vehicles.
What to Know About Jaguar
The first Jaguar car was manufactured in Great Britain in 1935, and since then, the company has consistently pushed industry boundaries in an effort to create high-quality luxury vehicles.
Understanding how the car you own affects your insurance premiums puts you ahead of the game.
The more information you have, the easier it is to shop for a car insurance policy with confidence.
*While we make every effort to keep our site updated, please be aware that “timely” information on this page, such as quote estimates, or pertinent details about companies, may only be accurate as of its last edit day. Huntley Wealth & Insurance Services and its representatives do not give legal or tax advice. Please consult your own legal or tax adviser.