Save Money on Land Rover LR2 Insurance in Arlington

Amazingly, a recent NerdWallet.com study showed that most insurance policyholders in Texas kept their policy with the same company for at least the last four years, and just under half have never compared insurance rates at all. The average driver in the United States can save nearly $860 each year, but they just feel it’s too hard to do a rate comparison.

Insurance for Land Rover LR2It takes a few minutes, but the best way to get more affordable auto insurance rates is to start comparing prices regularly from different companies in Arlington. Rate comparisons can be done by following these steps.

  1. Learn about how car insurance works and the measures you can control to lower rates. Many rating factors that increase rates such as multiple speeding tickets and a negative credit rating can be improved by making lifestyle changes or driving safer.
  2. Get rate quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can provide rates from a single company like GEICO and Allstate, while independent agencies can give you price quotes from many different companies.
  3. Compare the quotes to your current policy to determine if switching companies saves money. If you find better rates and make a switch, make sure there is no lapse in coverage.
  4. Notify your company or agent to cancel your current coverage. Submit a down payment along with a signed application to the new insurer. As soon as you have the new policy, put the proof of insurance paperwork above your visor, in the console, or in the glove compartment.

The key aspect of shopping around is to use identical limits and deductibles on each price quote and and to look at as many companies as feasibly possible. Doing this guarantees a fair rate comparison and maximum price selection.

Affordable Arlington Land Rover LR2 insurance

Getting a cheaper price on insurance is actually easier than you may think. Just spend a few minutes on the computer comparing rates provided by online insurance companies.

It’s so fast and easy to compare quotes online that it takes the place of having to drive around to insurance agencies in your area. The internet makes this process obsolete unless you have a complicated situation and need the peace of mind that only an agent can give. Although you can obtain prices from the web and have a local agent actually service the policy.

The providers in the list below are our best choices to provide free rate quotes in Texas. If you wish to find cheaper auto insurance in Arlington, we recommend you visit several of them in order to find the most competitive rates.

Land Rover LR2 detailed coverage information

The premium information shown below outlines different prices for Land Rover LR2 models. Knowing how insurance rates are determined can be of help when making smart choices when comparing insurance rates.


Land Rover LR2 Insurance Rates in Arlington, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LR2 $344 $472 $500 $30 $150 $1,496 $125
LR2 HSE $344 $472 $500 $30 $150 $1,496 $125
LR2 HSE Luxury $344 $472 $500 $30 $150 $1,496 $125
Get Your Own Custom Quote Go

Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Prices do not factor in specific Arlington garaging location which can revise auto insurance rates considerably.

Physical damage deductibles

The hardest decision when buying coverage is the level to set your comp and collision deductibles. The tables below may help to illustrate the price difference between low and high coverage deductibles. The first data table uses a $100 deductible for comprehensive and collision coverage and the second data table uses a $1,000 deductible.


Land Rover LR2 insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LR2 $412 $698 $382 $22 $114 $1,653 $138
LR2 HSE $412 $698 $382 $22 $114 $1,653 $138
LR2 HSE Luxury $412 $698 $382 $22 $114 $1,653 $138
Get Your Own Custom Quote Go

Land Rover LR2 insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LR2 $228 $368 $382 $22 $114 $1,114 $93
LR2 HSE $228 $368 $382 $22 $114 $1,114 $93
LR2 HSE Luxury $228 $368 $382 $22 $114 $1,114 $93
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Rate quotes do not factor in specific location which can influence coverage prices noticeably.

We can estimate from the data above that using a $100 deductible will cost you about $45 more each month or $540 a year across all Land Rover LR2 models than requesting the higher $1,000 deductible. Since you would have to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at a minimum 20 months between claim filings, you would come out ahead if you choose the higher deductible. Here is how you can come to your own conclusion.

Average monthly premium for $100 deductibles: $138
Average monthly premium for $1,000 deductibles (subtract): – $93
Monthly savings from raising deductible: $45
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $45
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

One big caveat is that a higher deductible means you will have to pay more of your own money when you have a physical damage claim. You need enough disposable income in the event you have to pay more for the deductible.

The information below highlights how deductible choice and can affect Land Rover LR2 premium costs for each different age group. The price estimates are based on a single female driver, full coverage, and no discounts are applied.

Insurance rates are higher with tickets and accidents

The information below shows how violations and accident claims can affect Land Rover LR2 yearly insurance costs for each different age group. The data assumes a married female driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.

Land Rover LR2 annual premiums for males versus females

The information below shows the comparison of Land Rover LR2 auto insurance rates for male and female drivers. The information is based on a clean driving record, no at-fault accidents, full physical damage coverage, $1,000 deductibles, single marital status, and no discounts are taken into consideration.

Full coverage or liability only

The diagram below shows the difference between Land Rover LR2 insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Texas. The prices are based on no violations or claims, $100 deductibles, drivers are not married, and no additional discounts are factored in.

When to eliminate full coverage

There is no set rule for phasing out full coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let’s pretend your Land Rover LR2 settlement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $2,000 after paying your policy deductible. If it’s costing in excess of $200 annually for comprehensive and collision coverage, then you might consider buying liability only.

There are some conditions where dropping full coverage is not a good idea. If you have an outstanding loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not eliminate full coverage.

Best reasons to buy insurance in Texas

Even though it can be expensive, maintaining insurance may be mandatory for several reasons.

The benefits of buying enough insurance more than cancel out the cost, especially for larger claims. But the average American driver is wasting up to $830 a year so it’s very important to do a rate comparison each time the policy renews to ensure rates are inline.

Smart Buyers Can Reduce Insurance Rates

When buying car insurance it’s important to understand the different types of things that are used to determine your car insurance rates. If you have a feel for what controls the rates you pay, this empowers consumers to make smart changes that will entitle you to lower premium levels.

Older drivers pay less – Drivers with little experience are statistically shown to get distracted easily behind the wheel so they pay higher car insurance rates. Adding a youthful driver to your car insurance policy can increase premiums substantially. Older insureds are shown to be more cautious, cost insurance companies less in claims, and get fewer tickets.

The following chart uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.

Good credit equals lower premiums – Credit score is a large factor in determining what you pay for car insurance. People that have high credit ratings tend to be more responsible and file fewer claims than those with poor credit scores. So if your credit rating can be improved, you could save money insuring your Land Rover LR2 by improving your rating.

Vehicle theft costs us all – Selecting a car model that has a built-in theft deterrent system can help bring down rates. Advanced theft deterrents like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system help track and prevent car theft.

Do you work long hours in a stressful job? – Did you know your car insurance rates can be affected by your occupation? Careers like military generals, police officers, and dentists generally pay higher rates than the rest of us in part from intense work situations and extremely grueling work hours. On the flip side, jobs like farmers, students and homemakers pay the least.

Claim-free discounts can add up – Car insurance companies in Texas provide cheaper rates to policyholders who do not file claims often. If you are a frequent claim filer, you can definitely plan on either a policy non-renewal or much higher rates. Auto insurance is intended to be relied upon for claims that pose a financial burden.

Never allow your car insurance to lapse – Going without insurance will be a sure-fire way to increase your renewal premiums. In addition to paying higher rates, the inability to provide proof of insurance may result in a revoked license or a big fine. You could then be forced to file a SR-22 with the Texas department of motor vehicles.

Claims statistics for a Land Rover LR2 – Insurers include the past claim history for a vehicle as a tool for profitable underwriting. Models that the data shows to have increased losses will have increased rates.

The table below shows the loss history for Land Rover LR2 vehicles. For each coverage type, the claim amount for all vehicles, as a total average, is represented as 100. Numbers shown that are under 100 mean the vehicle has better than average losses, while numbers that are greater than 100 indicate frequent claims or a tendency for claims to be larger.


Auto Insurance Loss Data for Land Rover LR2 Models
Vehicle Make and 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

Do you qualify for discounts?

Auto insurance companies don’t always advertise every possible discount very clearly, so we break down some of the more common and also the more inconspicuous ways to save on auto insurance. If you do not check that you are getting every discount possible, you are not getting the best rate possible.Auto insurance discounts

Discounts lower rates, but most of the big mark downs will not be given to the entire cost. Most cut specific coverage prices like physical damage coverage or medical payments. So when it seems like you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.

The illustration below shows the comparison of Land Rover LR2 insurance rates with and without policy discounts. The rates are based on a female driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, homeowner, multi-policy, safe-driver, and multi-car discounts applied.

A few of the larger companies and a summarized list of policyholder discounts are shown below.

Check with every insurance company to apply every possible discount. Discounts may not be available everywhere. If you would like to choose from a list of insurers with discount rates in Arlington, click this link.

Neighborhood Arlington auto insurance agents

Some people still like to sit down and talk to an agent. Experienced insurance agents are very good at helping people manage risk and help file insurance claims. The best thing about comparing insurance prices online is you may find cheaper premium rates but still work with a licensed agent. Putting coverage with neighborhood insurance agencies is important especially in Arlington.

Insurance agency in ArlingtonTo make it easy to find an agent, after completing this short form, your coverage information is immediately sent to companies in Arlington that give free quotes and help you find cheaper coverage. It makes it easy because there is no need to even leave your home since price quotes are sent directly to you. If you want to quote rates from one company in particular, just search and find their rate quote page and fill out their quote form.

Choosing an company shouldn’t rely on just the bottom line cost. These are some questions you should get answers to.

In the end, you can save money

When trying to cut insurance costs, it’s a bad idea to buy poor coverage just to save money. There are a lot of situations where someone sacrificed collision coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The aim is to buy a smart amount of coverage at the lowest possible cost but still have enough coverage for asset protection.

We just showed you a lot of tips how to find cheaper Land Rover LR2 insurance in Arlington. It’s most important to understand that the more times you quote, the better chance you’ll have of finding affordable Land Rover LR2 insurance quotes. Consumers may even find the best price on insurance is with a smaller regional carrier. Some small companies may have significantly lower prices on certain market segments compared to the large companies like Allstate or State Farm.

Additional information can be read at the links below