Shockingly, nearly 70% of consumers kept their policy with the same company for at least four years, and 38% of customers have never shopped around. Consumers in the U.S. could save as much as 46.5% every year just by shopping around, but they just assume it takes a lot of time to shop their coverage around.
If saving the most money is your goal, then the best way to find cheaper car insurance rates is to do a yearly price comparison from providers who sell auto insurance in Bakersfield. This can be done by following these guidelines.
- Step 1: It will benefit you to learn about coverages and the measures you can take to prevent expensive coverage. Many rating factors that result in higher prices like inattentive driving and a negative credit history can be rectified by making minor changes to your lifestyle.
- Step 2: Request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only quote rates from a single company like GEICO or Farmers Insurance, while agents who are independent can quote prices for a wide range of insurance providers.
- Step 3: Compare the new rate quotes to your existing rates to determine if switching companies saves money. If you find better rates and change companies, make sure there is no lapse in coverage.
One key aspect of rate comparisons is to try to use the same physical damage deductibles and liability limits on every quote request and and to get price quotes from as many companies as possible. Doing this guarantees a fair price comparison and and a good selection of different prices.
If you already have coverage or just want to reduce your rates, you will benefit by learning to save money without having to cut coverage. This article’s intent is to let you in on the most effective ways to compare rates. Drivers just have to know the fastest way to compare different rates from many companies at once.
Compare Bakersfield Land Rover LR2 insurance price quotes online
The auto insurance companies shown below offer price quotes in Bakersfield, CA. If more than one company is shown, it’s a good idea that you visit two to three different companies to get the cheapest price.
Analysis of Land Rover LR2 rates
The premium information displayed below covers estimates of insurance coverage prices for Land Rover LR2 models. Having a good understanding how rates are formulated is important for you to make informed decisions when shopping around for a new policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LR2 | $390 | $624 | $456 | $26 | $136 | $1,632 | $136 |
| LR2 HSE | $390 | $624 | $456 | $26 | $136 | $1,632 | $136 |
| LR2 HSE Luxury | $390 | $624 | $456 | $26 | $136 | $1,632 | $136 |
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Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Rates do not factor in Bakersfield location which can change coverage rates greatly.
The example below highlights how deductible selection and can change Land Rover LR2 insurance rates for each age group. The premiums are based on a single male driver, comp and collision included, and no discounts are applied to the premium.
Full coverage versus liability only rates
The illustration below compares Land Rover LR2 insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in California. The prices are based on no driving violations, no at-fault accidents, $1,000 deductibles, single marital status, and no additional discounts are factored in.
When to buy liability coverage only
There is no definitive formula to stop paying for physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is more than about 10% of the settlement you would receive from your company, then it might be time to buy liability only.
For example, let’s say your Land Rover LR2 settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, you would only receive $3,000 after you pay the deductible. If premiums are more than $300 annually for physical damage coverage, then you might want to think about dropping full coverage.
There are a few cases where removing full coverage is not in your best interest. If you haven’t paid off your loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.
Insuring your LR2 just makes sense
Despite the high cost of buying insurance for a Land Rover LR2 in Bakersfield, maintaining insurance may be required and benefits you in several ways.
First, almost all states have mandatory insurance requirements which means state laws require a minimum amount of liability protection in order to drive the car. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
Second, if you have a lien on your vehicle, more than likely the lender will require you to carry insurance to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the lender will be forced to insure your Land Rover for a lot more money and require you to reimburse them for the expensive policy.
Third, car insurance protects both your Land Rover and your personal assets. Insurance will pay for hospital and medical expenses for yourself as well as anyone injured by you. Liability insurance also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If your Land Rover gets damaged, comprehensive and/or collision insurance will pay to repair the damage.
The benefits of buying enough insurance outweigh the cost, particularly when you have a large claim. The average driver in California is currently overpaying as much as $700 annually so it’s recommended you shop around once a year at a minimum to save money.
When should I discuss my situation with an agent?
When it comes to choosing a policy for your personal vehicles, there really is not a cookie cutter policy. Everyone’s situation is a little different.
Here are some questions about coverages that can aid in determining if your insurance needs could use an agent’s help.
- Can I afford to buy a different vehicle if my Land Rover LR2 is totaled?
- What happens if I owe more than my Land Rover LR2 is worth?
- Do they offer discounts for home and auto coverage?
- How do I file an SR-22 for a DUI in California?
- Does my insurance cover my expensive audio equipment?
- Is my nanny covered when transporting my kids?
- When should I not buy collision coverage?
If it’s difficult to answer those questions, you may need to chat with a licensed agent. If you want to speak to an agent in your area, take a second and complete this form. It’s fast, doesn’t cost anything and can help protect your family.
Auto insurance policy specifics
Knowing the specifics of a auto insurance policy aids in choosing the best coverages at the best deductibles and correct limits. Policy terminology can be confusing and coverage can change by endorsement.
Coverage for medical payments
Med pay and PIP coverage kick in for expenses for rehabilitation expenses, prosthetic devices, ambulance fees, pain medications and funeral costs. They are often utilized in addition to your health insurance plan or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage
Comprehensive coverages
Comprehensive insurance will pay to fix damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things like falling objects, fire damage, vandalism, a tree branch falling on your vehicle and hitting a bird. The highest amount your auto insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
Collision insurance
This pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.
Collision insurance covers claims like scraping a guard rail, damaging your car on a curb, crashing into a ditch and hitting a mailbox. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Drivers also have the option to raise the deductible on your LR2 to get cheaper collision coverage.
Liability coverages
This coverage provides protection from injuries or damage you cause to other people or property that is your fault. This insurance protects YOU from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 15/30/5 that means you have $15,000 in coverage for each person’s injuries, a per accident bodily injury limit of $30,000, and a total limit of $5,000 for damage to vehicles and property.
Liability coverage pays for things like attorney fees, emergency aid and medical expenses. How much liability should you purchase? That is your choice, but consider buying higher limits if possible. California state minimum liability requirements are 15/30/5 but it’s recommended drivers buy more liability than the minimum.
The illustration below demonstrates why buying low liability limits may not be adequate coverage.
Uninsured and underinsured coverage
This protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your Land Rover LR2.
Since many California drivers carry very low liability coverage limits (15/30/5), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.
Ratings for California car insurance companies
Choosing the best auto insurance provider can be difficult considering how many choices drivers have in Bakersfield. The rank data in the next section can help you select which insurers you want to consider when comparing rate quotes.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| AAA of Southern California | 91 | 94 | 97 | 92% | A+ | 94.1 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
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Data Source: Insure.com Best Car Insurance Companies
The best rates come from being thorough
Insureds leave their current company for many reasons like an unsatisfactory settlement offer, policy cancellation, high prices or being labeled a high risk driver. Regardless of your reason, choosing a new company is not as difficult as it may seem.
Lower-priced Land Rover LR2 insurance in Bakersfield is definitely available on the web and also from your neighborhood Bakersfield agents, and you need to comparison shop both so you have a total pricing picture. Some insurance companies may not have rates over the internet and most of the time these smaller providers work with independent insurance agents.
As you restructure your insurance plan, you should never skimp on coverage in order to save money. There have been many cases where someone dropped physical damage coverage and discovered at claim time that the small savings ended up costing them much more. Your strategy should be to purchase plenty of coverage at the best price while still protecting your assets.
Additional car insurance information can be found at the links below
- What is Covered by GAP Insurance? (Allstate)
- Who Has the Cheapest Car Insurance Rates for Ride Shares in Bakersfield? (FAQ)
- Who Has Affordable Bakersfield Auto Insurance Quotes After a Speeding Ticket? (FAQ)
- Who Has Cheap Auto Insurance for Low Income Drivers in Bakersfield? (FAQ)
- How Much are Car Insurance Rates for a Mazda CX-7 in Bakersfield? (FAQ)
- How Much are Car Insurance Rates for Seniors in Bakersfield? (FAQ)
- Who Has Affordable Bakersfield Car Insurance Rates for a 20 Year Old Female? (FAQ)
- Avoiding Deer Collisions (Insurance Information Institute)
- Liability Insurance Coverage (Nationwide)
- Vehicle Insurance in the U.S. (Wikipedia)