Save Money on Land Rover LR2 Insurance in El Paso

Scraping up a payment for high-priced Land Rover LR2 insurance in El Paso can dwindle your personal savings and put a big crunch on your finances. Comparing rates annually can help to reduce premiums and put more money in your pocket.

Amazingly, most car insurance buyers kept their coverage with the same car insurance company for well over three years, and virtually 40% of consumers have never taken the time to shop around. Texas insurance shoppers could save about $1,766 each year, but they don’t invest the time required to compare rates.

How to save on Land Rover LR2 insurance in El Paso

Really, the only way to find more affordable auto insurance rates is to begin comparing prices regularly from insurance carriers in El Paso.

Step 1: Learn about what coverages are included in your policy and the factors you can control to prevent expensive coverage. Many factors that are responsible for high rates like at-fault accidents, careless driving, and an imperfect credit rating can be controlled by making minor driving habit or lifestyle changes.

Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only provide price estimates from one company like GEICO or Farmers Insurance, while agents who are independent can quote prices for a wide range of companies.

Step 3: Compare the quotes to your existing coverage and determine if there is any savings. If you can save money and buy the policy, verify that coverage does not lapse between policies.

An important note is to use identical limits and deductibles on every price quote and and to get rates from as many companies as feasibly possible. This ensures an apples-to-apples comparison and a thorough price selection.

Numerous insurers battle for your hard-earned dollar, so it can be very hard to choose a insurer to get the best rates possible on Land Rover LR2 insurance in El Paso.

Most major insurance companies give insurance quotes directly from their websites. Obtaining pricing for Land Rover LR2 insurance in El Paso can be done by anyone because you just enter the coverages you want into the form. After you complete the form, the company’s rating system makes automated requests for your driving and credit reports and returns a price determined by many factors. Quoting online for Land Rover LR2 insurance in El Paso makes it a lot easier to compare rates and it is important to do this if you want to get the best rate on car insurance.

To quickly compare pricing, compare rate quotes from the providers shown below. If you have coverage now, it’s recommended you copy the insurance coverages identical to your current policy. This way, you are getting comparison quotes based on identical coverages.

The following companies can provide price quotes in Texas. If multiple companies are listed, it’s highly recommended you visit as many as you can to get the most affordable price.

Get discounts on El Paso car insurance

Some insurance providers do not advertise every possible discount in an easy-to-find place, so the list below contains some of the more common and also the more inconspicuous discounts you could be receiving when you buy El Paso auto insurance online.

• Auto/Home Discount – When you combine your home and auto insurance and place coverage with the same company you could save over 10 percent off each policy depending on the company.
• Student Driver Training – Reduce the cost of insurance for teen drivers by having them enroll and complete driver’s education as it will make them better drivers and lower rates.
• Auto/Life Discount – If the company offers life insurance, you could get lower rates if you buy a life policy as well.
• Government Employees – Federal government employees can earn a discount up to 10% depending on your car insurance provider.
• Mature Driver Discount – Mature drivers are able to get reduced rates.
• College Student – Any of your kids living away from El Paso attending college and do not have a car may be able to be covered for less.
• Multiple Cars – Having all your vehicles with the same car insurance company can reduce rates for all insured vehicles.
• Service Members Pay Less – Being on active duty in the military may qualify for rate reductions.
• Discount for New Cars – Buying a new car model is cheaper compared to insuring an older model.

We need to note that most credits do not apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as comprehensive or collision. Just because you may think adding up those discounts means a free policy, insurance companies wouldn’t stay in business.

The chart below shows the comparison of Land Rover LR2 yearly insurance costs with and without discounts applied to the rates. The prices are based on a male driver, no claims, a clean driving record, Texas state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, homeowner, multi-car, safe-driver, and claim-free discounts applied.

A partial list of companies that may offer quotes with many of the previously listed discounts are:

• Farmers Insurance
• Esurance
• State Farm
• GEICO
• Allstate

Check with all the companies what discounts are available to you. Some credits may not be offered in El Paso.

Rates and information analytics

The price information displayed below outlines different coverage costs for Land Rover LR2 models. Learning how insurance rates are established is important for drivers to make decisions on which insurance to purchase.

Above prices assume married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Premium costs do not factor in your specific El Paso location which can lower or raise auto insurance rates significantly.

Physical damage deductible comparison

When comparing insurance rates, the most common question is where to set your physical damage deductibles. The following tables may help to illustrate the rate differences when you choose different physical damage deductibles. The first rate estimation uses a $250 deductible for physical damage and the second set of rates uses a $500 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Rate information does not factor in your specific El Paso location which can change premium rates considerably.

Using the premium rates above, we can conclude that using a $250 deductible could cost the average driver approximately $17 more each month or $204 a year than buying the higher $500 deductible. Since the policyholder would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you normally average at a minimum 15 months between claims, you would save money if you choose a higher deductible. The table below shows how you can come to your own conclusion.

Careless El Paso drivers pay higher rates

The example below highlights how speeding tickets and fender-benders can raise Land Rover LR2 insurance premiums for each age group. Data assumes a single male driver, full coverage, $1,000 deductibles, and no other discounts are factored in.

Land Rover LR2 annual premiums for males versus females

The illustration below compares Land Rover LR2 car insurance costs for male and female drivers. The price estimates are based on no violations or claims, comp and collision included, $1,000 deductibles, single status, and no policy discounts are applied.

Price comparison of only insuring for liability

The diagram below illustrates the comparison of Land Rover LR2 auto insurance rates when comparing full coverage to liability only. The premium estimates are based on no violations or accidents, $250 deductibles, single status, and no policy discounts are applied.

Are you wasting money on full coverage?

There is no exact rule that is best for determining when to drop comp and collision coverage, but there is a general guideline. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.

For example, let’s pretend your Land Rover LR2 book value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, you would only receive $5,000 after the deductible is paid. If premiums are more than $500 a year for your policy with full coverage, then it might be time to buy liability only.

There are a few cases where eliminating full coverage is not a good plan. If you still have a lienholder on your title, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not eliminate full coverage.

Auto insurance agents near you

Many drivers still prefer to visit with an insurance agent and doing so can bring peace of mind A good thing about comparing insurance online is that you can find better rates and still have an agent to talk to. And supporting local insurance agents is definitely important in El Paso.

To make it easy to find an agent, after completing this form (opens in new window), your insurance coverage information is sent to local insurance agents in El Paso that can give you free El Paso auto insurance quotes for your coverage. It simplifies rate comparisons since you won’t have to leave your computer since rate quotes are delivered instantly to you. You can get cheaper insurance rates and work with a local agent. In the event you want to get a comparison quote from a specific insurance provider, don’t hesitate to visit that company’s website and give them your coverage information.

Below are agents in El Paso that may be willing to give rate quotes for Land Rover LR2 insurance in El Paso.

View more agents

Choosing an provider needs to be determined by more than just a cheap price quote. The following questions are important to ask.

• Will they give you a referral list?
• If you are a high risk driver, do they have special markets for your coverage?
• Is their price quote a firm figure or are their hidden costs?
• If your car is totaled, how to they determine the replacement cost?
• Does the agency have a positive business rating?
• If independent agents, which companies do they recommend?

The Land Rover LR2 Insurance Cost Equation

Lots of factors are considered when you get your auto insurance bill. Most are fairly basic like a motor vehicle report, but other criteria are more obscure such as your credit history or how safe your car is. An important part of buying insurance is that you know some of the factors that aid in calculating the rates you pay for auto insurance. When you understand what controls the rates you pay, this enables you to make decisions that could result in cheaper rates.

The list below includes a partial list of the pieces companies use to determine your rates.

• Filing auto insurance claims can cost more – If you are a frequent claim filer, you can look forward to higher premiums or even policy non-renewal. Auto insurance companies in Texas give lower rates to policyholders who do not file claims often. Your car insurance is intended for claims that you cannot pay yourself.
• Can a thief steal your car? – Driving a car with anti-theft technology or alarm system can get you a discount on your auto insurance. Anti-theft features like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all aid in stopping auto theft and help lower rates.
• Do you know you’re credit rating? – Having a bad credit rating can be an important factor in calculating your auto insurance rates. If your credit is not that good, you could save money insuring your Land Rover LR2 by taking the time to improve your credit score. People that have excellent credit tend to file fewer claims than drivers who have poor credit scores.
• Raise your deductibles for better premiums – Insurance for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your vehicle. Some examples of covered claims could be a windshield shattered by a rock, collision with an animal, and having your car stolen. Your deductibles define how much you are willing to pay before your auto insurance pays a claim. The more money you pay before a claim is paid (deductible), the better rate you will receive.
• Get married and get better premiums – Your spouse may cut your premiums on your auto insurance bill. Marriage demonstrates that you tend to be more mature it has been statistically shown that drivers who are married file infrequent claims.
• Safer vehicles means lower premiums – Vehicles that have high safety ratings get lower rates. These vehicles help reduce the chance of injuries in an accident and fewer serious injuries translates into fewer and smaller insurance claims and lower rates for you.
• Rental and towing coverage may not be needed – Policies have extra coverages you can purchase on your auto insurance policy. Coverages like replacement cost coverage, accidental death, and extra equipment coverage may not be needed and are just wasting money. They may sound like good ideas when buying your policy, but now you might not need them so eliminate the coverages to reduce your premium.
• Annual mileage impacts premiums – The higher the miles on your Land Rover each year the more you’ll pay to insure it. A lot of companies charge to insure your cars partially by how you use the vehicle. Cars used primarily for pleasure use get more affordable rates as compared to vehicles used primarily for driving to work. Verify your auto insurance coverage shows annual mileage. Having the wrong rating on your LR2 may be wasting your money.

• Land Rover LR2 insurance loss statistics – Insurers use past loss statistics for each vehicle to calculate a price that will offset any claims. Models that are shown to have a higher amount or frequency of claims will have a higher premium rate.

  The table below shows the collected loss data for Land Rover LR2 vehicles. For each coverage type, the statistical loss for all vehicles, as a total average, is represented as 100. Values below 100 are indicative of better than average losses, while numbers shown that are more than 100 point to more claims or a tendency for losses to be larger than average.

  
  

  Auto Insurance Loss Data for Land Rover LR2 Models

  Specific Land Rover 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

Protect your LR2 and other assets

Even though El Paso LR2 insurance rates can get expensive, insurance serves a purpose in several ways.

First, almost all states have mandatory liability insurance requirements which means the state requires specific minimum amounts of liability protection in order to drive the car. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you took out a loan on your Land Rover LR2, most lenders will require you to have comprehensive coverage to protect their interest in the vehicle. If you let the policy lapse, the lender may have to buy a policy to insure your Land Rover at a much higher rate and force you to pay for the expensive policy.

Third, insurance protects both your car and your personal assets. It will also pay for medical transport and hospital expenses for yourself as well as anyone injured by you. Liability insurance also covers legal expenses if you are sued as the result of your driving. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will pay to have it repaired.

The benefits of carrying enough insurance more than cancel out the cost, especially with large liability claims. As of last year, the average driver in Texas overpays more than $800 each year so we recommend shopping around at least once a year to make sure the price is not too high.

What is the best auto insurance company in El Paso?

Insuring your vehicle with a good quality auto insurance provider can be difficult considering how many different companies sell coverage in El Paso. The ranking data displayed below can help you choose which auto insurers you want to consider comparing rates from.

Top 10 El Paso Car Insurance Companies Overall

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive

Top 10 El Paso Car Insurance Companies Ranked by Customer Service

1. USAA
2. Travelers
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Safeco Insurance
7. Progressive
8. State Farm
9. The Hartford
10. The General

Don’t give up on affordable coverage

As you shop your coverage around, never buy poor coverage just to save money. There are a lot of situations where someone dropped physical damage coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to buy the best coverage you can find for the lowest price, but don’t skip important coverages to save money.

In this article, we presented many ways to get a better price on Land Rover LR2 insurance in El Paso. It’s most important to understand that the more you quote El Paso auto insurance, the more likely it is that you will get a better rate. Consumers could even find that the biggest savings come from some of the smallest insurance companies. They may cover specific market segments cheaper than their larger competitors like Progressive and GEICO.

How to find affordable quotes for Land Rover LR2 insurance in El Paso

It takes a little time, but the best way to find low-cost prices for Land Rover LR2 insurance is to start doing an annual price comparison from insurance carriers in El Paso.

1. Take a few minutes and learn about car insurance and the things you can control to keep rates down. Many rating criteria that increase rates such as traffic violations, accidents, and a not-so-good credit rating can be amended by paying attention to minor details.
2. Quote rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from one company like Progressive and State Farm, while independent agents can provide price quotes for a wide range of insurance providers. Compare rates now
3. Compare the new rate quotes to your existing coverage to see if cheaper LR2 coverage is available. If you find a lower rate and switch companies, make sure coverage is continuous and does not lapse.
4. Give proper notification to your current agent or company to cancel your current auto insurance policy and submit any necessary down payment along with the completed application to your new company or agent. Once the paperwork is finalized, safely store the proof of insurance paperwork somewhere easily accessible.

An important note is to use identical coverages on each quote request and and to look at as many carriers as you can. This guarantees a fair rate comparison and a good representation of prices.

More information is available below:

• Car Insurance: When not to Skimp (BankRate.com)
• Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
• Car Insurance for Teen Drivers with Divorced Parents (Allstate)
• Learn About Car Insurance (GEICO)