Car Insurance Quotes for a Land Rover LR4 in Tampa

A recent car insurance study revealed that about 70% of customers have been with the same company for a minimum of four years, and nearly 40% of drivers have never taken the time to shop around. American drivers could save 47% each year by just shopping around, but they just don’t want to compare rate quotes online.

The most effective way to find affordable Land Rover LR4 insurance is to start comparing prices yearly from companies that insure vehicles in Tampa.

• Step 1: Take a few minutes and learn about how your policy works and the changes you can make to lower rates. Many rating criteria that cause high rates like speeding tickets, careless driving and a low credit rating can be remedied by making minor changes in your lifestyle.
• Step 2: Compare price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only quote rates from one company like Progressive or Allstate, while agents who are independent can provide price quotes for many different companies.
• Step 3: Compare the new rate quotes to the premium of your current policy to see if a cheaper rate is available. If you find a lower rate, verify that coverage does not lapse between policies.

A key point to remember is that you’ll want to compare the same physical damage deductibles and liability limits on every price quote and and to get prices from as many car insurance companies as possible. This ensures an apples-to-apples comparison and a complete price analysis.

Affordable Tampa Land Rover LR4 insurance rate quotes online

It’s important to know that having more price comparisons increases the chance that you will find a lower rate.

The companies shown below have been selected to offer free rate quotes in Florida. To locate the best cheap car insurance in Tampa, we recommend you visit several of them to get a more complete price comparison.

Why you need car insurance

Despite the fact that car insurance is not cheap in Tampa, insuring your vehicle serves several important purposes.

First, most states have mandatory liability insurance requirements which means the state requires a specific level of liability protection if you want to drive legally. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you bought your car with a loan, almost every bank will force you to have physical damage coverage to guarantee loan repayment. If you do not keep the policy in force, the lender may have to buy a policy to insure your Land Rover at a much higher rate and require you to reimburse them for it.

Third, car insurance preserves both your Land Rover and your personal assets. It will also cover hospital and medical expenses for not only you but also any passengers injured in an accident. Liability coverage also covers all legal expenses up to the policy limit if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.

The benefits of carrying enough insurance definitely exceed the cost, specifically if you ever have a liability claim. According to a recent study, the average American driver is overpaying over $810 a year so compare rates every year to be sure current rates are still competitive.

Coverage information

The coverage information displayed next showcases a range of insurance policy prices for Land Rover LR4 models. Being more informed about how insurance quotes are established can aid in making decisions on the best policy coverages.

Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Premium amounts do not factor in specific location information which can influence coverage prices substantially.

Raise deductibles and save

When shopping for car insurance, a common question is how high should your deductibles be. The tables below help summarize the differences in price when you buy lower versus higher policy deductibles. The first data table uses a $100 physical damage coverage deductible and the second rate chart uses a $500 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Rate information does not factor in specific location information which can impact price quotes substantially.

We can estimate from the data above that using a $100 deductible would cost the average driver about $39 more each month or $468 for a full year averaged for all LR4 models than opting for the higher $500 deductible. Since you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you go at least 10 months between claim filings, you would save money if you opt for a higher deductible. Here is a better example of how you can perform this determination yourself.

One important note is that a higher deductible level means you will have to pay more out-of-pocket when you file a claim. That will necessitate enough money stashed away in the event you need to pay the deductible.

The chart below highlights how deductible choice and can change Land Rover LR4 insurance costs for different age groups of insureds. The data is based on a single male driver, comp and collision included, and no other discounts are factored in.

Impact of speeding/accidents on car insurance rates

The chart below demonstrates how citations and fender-benders can influence Land Rover LR4 insurance rates for different insured age categories. The data is based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no policy discounts are applied.

Land Rover LR4 liability-only versus full coverage

The chart below compares Land Rover LR4 insurance rates with full physical damage coverage and with liability coverage only. The data assumes no driving violations, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are applied.

When to drop full coverage

There is no definitive rule to eliminate comprehensive and collision coverage on your policy, but there is a broad guideline. If the annual cost of your full coverage insurance is more than about 10% of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let’s assume your Land Rover LR4 settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $4,000 after paying your policy deductible. If premium cost is more than $400 annually for full coverage, the it may be a good time to stop paying for full coverage.

There are a few situations where dropping physical damage coverage is not in your best interest. If you still owe a portion of the original loan, you have to carry full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not opt for liability only.

These discounts can lower your car insurance quotes

Buying car insurance is not cheap, but there’s a good chance there are discounts that you may not even be aware of. Some trigger automatically when you quote, but a few must be manually applied before being credited.

• Discounts for Multiple Vehicles – Purchasing coverage when you have multiple vehicles on one policy could earn a price break for each car.
• Discount for Swiching Early – Some car insurance companies give discounts for renewing your policy early. You could save around 10% when you buy Tampa car insurance online.
• Student Discount for Driver Training – Teen drivers should take driver’s ed class as it will make them better drivers and lower rates.
• Government Employee Discount – Being employed by or retired from a federal job could qualify for a slight premium decrease with some car insurance companies.
• Military Deployment Discount – Being on active duty in the military could mean lower car insurance rates.
• One Accident Forgiven – This one isn’t a discount, but certain companies will allow you to have one accident before your rates go up if your claims history is clear for a certain period of time.

Don’t be surprised that most of the big mark downs will not be given to your bottom line cost. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. Even though the math looks like it’s possible to get free car insurance, that’s just not realistic. Any amount of discount will help reduce your premiums.

The chart below compares Land Rover LR4 auto insurance costs with and without some available policy discounts. The premiums are based on a male driver, no tickets, no at-fault accidents, Florida state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, homeowner, multi-car, marriage, and claim-free discounts applied.

If you would like to choose from a list of insurance companies that have a full spectrum of discounts in Florida, click here.