Cheapest Rates for Jeep Compass Insurance in Long Beach

Insurance rates Jeep Compass in Long BeachIf you want to save the most money, the best way to get low-cost Jeep Compass insurance in Long Beach is to begin comparing prices regularly from providers that sell auto insurance in California.

First, try to comprehend how insurance companies determine prices and the measures you can take to prevent expensive coverage. Many rating factors that cause high rates like accidents, traffic violations, and a less-than-favorable credit rating can be improved by making minor changes to your lifestyle. This article provides instructions to help prevent costly coverage and get bigger discounts.

Second, get rate quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can give quotes from a single company like Progressive or Farmers Insurance, while agents who are independent can provide rate quotes from many different companies.

Third, compare the new rates to your existing policy to see if a cheaper rate is available. If you find a lower rate quote and make a switch, make sure there is no coverage gap between policies.

Fourth, notify your agent or company of your decision to cancel your current auto insurance policy and submit payment and a completed application to your new company or agent. When you receive it, keep the new proof of insurance certificate in a readily accessible location in your vehicle.

A good tip to remember is to use identical coverage information on each quote and and to get prices from as many different insurance providers as possible. Doing this ensures an apples-to-apples comparison and many rates to choose from.

It’s a known fact that car insurance companies don’t want you quoting rates from other companies. Drivers who shop for lower prices are very likely to move their business because there is a high probability of finding discount prices. A recent survey found that drivers who regularly shopped around saved $70 a month compared to people who never shopped for cheaper rates.

If saving the most money on Jeep Compass insurance is your ultimate target, then having a good understanding how to get free comparison quotes and analyze insurance can make it easier to shop your coverage around.

Locating the most cost-effective auto insurance policy in Long Beach is really not that difficult. If you already have coverage or need a new policy, follow these tips to find the best rates and still have adequate protection. Vehicle owners just need to know the quickest method to compare rate quotes from multiple carriers.

Finding cheap auto insurance rates can be surprisingly simple. All that’s required is to invest a little time comparing rate quotes from some recommended companies.

The companies shown below are ready to provide price quotes in Long Beach, CA. In order to find the best cheap auto insurance in California, we recommend you click on several of them to get the lowest price.

Coverage statistics and figures

The information shown below outlines a range of insurance costs for Jeep Compass models. Being aware of how insurance premiums are formulated can benefit drivers when making decisions on which insurance to purchase.

Jeep Compass Insurance Rates in Long Beach, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Compass Sport 2WD $332 $564 $442 $26 $132 $1,496 $125
Compass Sport 4WD $380 $686 $442 $26 $132 $1,666 $139
Compass Limited 2WD $380 $686 $442 $26 $132 $1,666 $139
Compass Limited 4WD $380 $686 $442 $26 $132 $1,666 $139
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Prices do not factor in vehicle garaging location which can increase or decrease prices noticeably.

Higher deductibles lower rates

When shopping for car insurance, a common question is which comprehensive and collision deductibles to buy. The following insurance rates help summarize how much more rates are between high and low comp and collision deductibles. The first price estimate table uses a $250 deductible and the second rate chart uses a $1,000 deductible.

Jeep Compass insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Compass Sport 2WD $298 $472 $442 $26 $132 $1,395 $116
Compass Sport 4WD $342 $576 $442 $26 $132 $1,543 $129
Compass Limited 2WD $342 $576 $442 $26 $132 $1,543 $129
Compass Limited 4WD $342 $576 $442 $26 $132 $1,543 $129
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Jeep Compass insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Compass Sport 2WD $184 $298 $442 $26 $132 $1,082 $90
Compass Sport 4WD $210 $362 $442 $26 $132 $1,172 $98
Compass Limited 2WD $210 $362 $442 $26 $132 $1,172 $98
Compass Limited 4WD $210 $362 $442 $26 $132 $1,172 $98
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Estimates do not factor in specific location which can increase or decrease premiums noticeably.

We can derive from the above data that using a $250 deductible will cost you roughly $30 more each month or $360 every year across all Jeep Compass models than opting for the higher $1,000 deductible. Since you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you have more than 25 months between claims, you would save more money if you opt for a higher deductible.

The information below illustrates how your choice of deductibles and can raise or lower Jeep Compass annual premium costs for different age categories. The premiums are based on a single female driver, full physical damage coverage, and no policy discounts are applied.

Does full coverage make sense?

The example below shows the difference between Jeep Compass auto insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in California. The price estimates are based on no driving violations, no at-fault accidents, $500 deductibles, drivers are not married, and no additional discounts are factored in.

When to stop buying full coverage

There isn’t a written rule of when to phase out physical damage insurance, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.

For example, let’s assume your Jeep Compass book value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $7,000 after paying your policy deductible. If you are paying in excess of $700 a year for physical damage coverage, then you might want to consider buying only liability coverage.

There are some situations where eliminating full coverage is not financially feasible. If you still owe a portion of the original loan, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should keep full coverage in place.

Learn How to Quote Car Insurance More Affordably

Many factors are used when you get your auto insurance bill. Some are pretty understandable like a motor vehicle report, although others are more obscure such as your marital status or how safe your car is.

Low mileage costs less – The higher the mileage driven each year the more you will pay for car insurance. Most companies apply a rate based on how the vehicle is used. Cars that do not get driven very much qualify for better rates than vehicles that are driven to work every day. It’s a smart idea to ensure your declarations sheet reflects the proper vehicle usage. Incorrect rating for your Compass can result in significantly higher rates.

High credit history translates to low rates – Having a bad credit score is likely to be a major factor in determining your rates. If your credit score is low, you could pay less to insure your Jeep Compass if you clean up your credit. Consumers who have excellent credit scores tend to be better risks to insure than drivers who have poor credit.

Battle of the sexes – Over time, data shows that women are safer drivers than men. However, this does not mean males are worse at driving than females. Females and males are in at-fault accidents in similar numbers, but men have costlier accidents. Men also tend to receive more major tickets like reckless driving and DUI. Teenage male drivers are the most expensive to insure and therefore pay the highest rates.

The example below illustrates the difference between Jeep Compass auto insurance rates for male and female drivers. The costs are based on no claims or violations, comp and collision included, $100 deductibles, single status, and no policy discounts are applied.

Avoid tickets and save – A bad driving record can have a huge impact on auto insurance premiums. Drivers who don’t get tickets have lower premiums compared to bad drivers. Having a single speeding ticket may cause rates to rise to the point where it’s not affordable. Drivers who get serious tickets such as DWI, reckless driving or hit and run convictions may face state-mandated requirements to file a SR-22 with the DMV in their state in order to prevent their license from being revoked.

The chart below demonstrates how citations and accidents can increase Jeep Compass premium costs for different age groups. Data assumes a married male driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.

Jeep Compass insurance loss statistics – Insurance companies use statistical claims data in order to profitably underwrite each model. Models that statistically have high amounts or severity of claims will have a higher cost to insure.

The table shown below demonstrates the insurance loss data for Jeep Compass vehicles. For each type of coverage, the claim probability for all vehicles, regardless of manufacturer or model, is represented as 100. Percentages below 100 mean the vehicle has better than average losses, while numbers that are greater than 100 show a trend for more claims or larger claims.

Jeep Compass Insurance Claim Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Jeep Compass 4dr 2WD 87 135 58 128 124 142
Jeep Compass 4dr 4WD 76 114 63 99 107 106

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Why auto insurance is not optional

Even though it’s not necessarily cheap to insure a Jeep in Long Beach, insuring your vehicle is mandatory in California but it also protects more than you think.

The benefits of carrying enough insurance are definitely more than the cost, especially with large liability claims. As of last year, the average driver in California is wasting up to $800 each year so smart consumers compare quotes at least once a year to save money.

Best auto insurance company in Long Beach

Ending up with the right car insurance company can be difficult considering how many companies are available to choose from in Long Beach. The ranking information in the lists below can help you pick which insurers to look at shopping your coverage with.

Top 10 Long Beach Car Insurance Companies Ranked by Customer Service

  1. AAA of Southern California
  2. GEICO
  3. State Farm
  4. The Hartford
  5. Mercury Insurance
  6. The General
  7. Progressive
  8. Allstate
  9. AAA Insurance
  10. American Family