Guide to Insuring your Land Rover LR2 for Less
If shopping your car insurance around was fun, we'd do it much more often. But most likely we pay more than we want to and don't really enjoy the buying process. Cutting the check for each renewal on your Land Rover LR2 might give you the same feeling.
Step One: Insurance Rate Comparison Quotes
In years past, the only way to purchase car insurance was to visit the office of a local agent. Times have changed!
The best car insurance companies offer online quoting for a Land Rover LR2 and it's very easy to compare different rates by only using one form.
Simply click the link below to start a quote that will compare rates from many companies and you may find a lower rate than you're currently paying.
Quoting Tip! The only way to compare rates from multiple companies is to use identical coverage amounts and deductibles on each quote. If you use different limits on quotes, you cannot accurately determine which company has the best rates for your LR2.
Step Two: How to Lower your LR2 Insurance Premium
There are many contributing factors that determine what you pay to insure your Land Rover. You can help yourself (and your wallet) by paying attention to the following rate factors.
- If you need the extra performance that your Land Rover LR2 gives you, then you'll have to pay extra to insure it. Higher performance cars tend to be more expensive to insure.
- Many insurance companies will give you a small discount if you've recently completed a driver's training course.
- If you belong to a professional organization, check to see if that can earn you a discount. If you're over the age of 55, check to see if they have a senior citizen discount as well.
- SUV's tend to have slightly higher insurance rates due to the fact that you can take them offroad and they have a more complex drive train system.
- Car insurance rates for a teen driver on a Land Rover LR2 will be expensive no matter what kind of coverage you have. But if you don't need comprehensive and collision, consider dropping those to save money.
- To keep your rates low, don't file excessive claims on your policy. Insurance is meant to cover large losses, not small damage that you can pay for out-of-pocket.
- Each year make a habit of checking your credit score. If you find problems that may be dragging down your credit rating, address them immediately. This will result in significant savings on car insurance.
- Renting a house or apartment rather than owning a home may keep you from paying the lowest rates on car insurance. Home ownership is viewed as being more financially responsible than renting.
- You can save money on your physical damage coverage (comprehensive and collision) by increasing your deductibles. Higher deductibles mean you are willing to pay more before the insurance company covers a claim.
- Safety features such as passive restraints and air bag systems help reduce injuries in and accident, and car insurance companies will charge lower rates if these features are present.
- Minor driving violations such as speeding tickets can cause your rates to go up. Too many violations in a short period of time will cause your policy to be non-renewed.
- Do not allow your current car insurance coverage to lapse or expire. Insurance companies have a simple way to find out when your last policy ended (called a CLUE report), and if you went without coverage for any length of time you may pay more for coverage.
- Particular years and models of cars tend to be frequently stolen, and if your LR2 is on that list, chances are your insurance company knows it and will ding you a little extra because of it.
Step Three: Finalize your Policy Details
Choosing a new car insurance company is not easy. But hopefully you have a handful of quotes for your LR2 that will give you a good idea of how much it will cost, as well as some idea of any coverage changes you may want to make.
It's critical that your new policy starts the same day that your old policy ends. If you are cancelling mid-term, make sure there is no lapse in coverage before your new policy kicks in.
If this is a new policy with only the Land Rover on it, be sure to have coverage before leaving the dealership or car lot. If you're adding it to an existing policy, you have anywhere from 15 to 30 days depending on the company. If you have a current policy and you only carry liability coverage, then that's the only coverage that will automatically extend to your LR2. But if you currently carry full coverage, comprehensive and collision coverage will extend to your new vehicle.
Once your new policy has been purchased, you are required to keep the proof-of-insurance card in your vehicle at all times. This is required by state law and you can receive a citation if you cannot provide it. If your state requires you to file an SR-22 for being a high-risk driver, make sure your new company is aware of this requirement. Failure to comply can result in loss of your driver's license.
More Insurance Buying Tips
To read more about topics such as how to file a claim, replacement auto parts and mistakes to avoid, visit the Insurance Information Institute website.