Best Philadelphia Jeep Compass Insurance

Trying to come up with a payment for expensive auto insurance can empty your personal savings and put a big crunch on your finances. Doing a price comparison is a great way to reduce premiums and put more money in your pocket.

Unfortunately, nearly 70% of customers have remained with the same auto insurance company for four years or more, and practically 40% of auto insurance customers have never shopped around. Pennsylvania drivers could pocket almost 55% a year just by comparing rates, but most just don’t grasp how much savings they would realize if they moved their coverage to a different company. There is such a variety of insurers to purchase coverage from, and even though it’s nice to be able to choose, so many choices can make it hard to find a good deal for Jeep Compass insurance in Philadelphia.

The providers in the list below can provide free quotes in Philadelphia, PA. If several companies are displayed, we recommend you click on several of them to get a more complete price comparison.

Statistics and details

The premium table displayed next outlines estimates of rate quotes for Jeep Compass models. Knowing how premiums are formulated can help customers make smart choices when selecting a policy.

Prices above based on single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Pennsylvania minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Premium costs do not factor in specific zip code location which can revise premium rates greatly.

Policy deductibles

When buying auto insurance, a common question is how low should you set your deductibles. The rates below can help you visualize the rate difference when you buy lower versus higher deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second price table uses a $1,000 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Information does not factor in specific zip code location which can change premiums noticeably.

We can derive from the above data that using a $250 deductible costs roughly $22 more each month or $264 for a full year than requesting the higher $1,000 deductible. Because you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you usually have at least 34 months between claim filings, you would probably be better off going with the higher deductible.

The information below illustrates how choosing a deductible and can influence Jeep Compass annual premium costs for each age group. The data assumes a married male driver, full physical damage coverage, and no policy discounts are applied.

Careless driving habits raise Philadelphia auto insurance rates

The chart below shows how traffic citations and at-fault claims increase Jeep Compass auto insurance costs for different age categories. The information is based on a married male driver, comp and collision included, $1,000 deductibles, and no discounts are applied to the premium.

Choosing Compass insurance is an important decision

Despite the potentially high cost of Jeep Compass insurance, insurance may not be optional for several reasons.

First, most states have mandatory liability insurance requirements which means you are required to carry a specific level of liability protection in order to drive the car. In Pennsylvania 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 car, almost every bank will have a requirement that you have physical damage coverage to guarantee payment of the loan. If you default on your policy, the lender may insure your Jeep at a significantly higher premium and require you to fork over the higher premium.

Third, insurance protects your Jeep and your assets. Insurance will also pay for medical expenses for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, will also pay for a defense attorney if you are named as a defendant in an auto accident. If mother nature or an accident damages your car, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.

The benefits of having car insurance more than offset the price you pay, especially with large liability claims. An average driver in America is currently overpaying as much as $865 each year so compare quotes from several companies every year to be sure current rates are still competitive.

Informed Consumers Can Reduce Insurance Rates

The best way to find cheaper insurance is to take a look at some of the elements that help determine the level of your policy premiums. When you understand what positively or negatively impacts your premiums, this helps enable you to make changes that will entitle you to lower premium levels. Many different elements are used in the calculation when premium rates are determined. Some are obvious like a motor vehicle report, but some are less obvious like your vehicle usage or your financial responsibility.

Shown below are a few of the things insurance companies consider when setting premiums.

Employer can influence prices – Occupational choices like real estate brokers, police officers, and emergency personnel tend to pay higher premium rates because of intense work-related stress and long work days. Conversely, occupations such as farmers, athletes and performers have lower than average premiums.

Credit history impact insurance costs – Having a bad credit score will be a significant factor in determining premium rates. If your credit rating could use some work, you could pay less to insure your Jeep Compass by spending a little time repairing your credit. Drivers who have excellent credit tend to be better drivers and file fewer claims than drivers with lower ratings.

Are you male or female? – Statistics show that females tend to be a little less risky than males. That doesn’t necessarily mean that women are better drivers. Males and females have at-fault accidents at a similar rate, but the males tend to have higher claims. Men also get cited for more serious violations like DUI and reckless driving.

The information below shows the difference between Jeep Compass auto insurance rates for male and female drivers. The price estimates are based on no violations or claims, comprehensive and collision coverage, $250 deductibles, single marital status, and no discounts are applied.

Extra policy coverages can add up – There are quite a few extra bells and whistles you can purchase if you aren’t diligent. Insurance for things like coverage for rental cars, better glass coverage, and extra life insurance coverage could be just wasting money. They may seem like a good idea when you first buy your policy, but now you might not need them so think about removing them and cutting costs.

Insurance loss data for a Jeep Compass – Car insurance companies use past insurance losses when they calculate premium costs for each model. Vehicles that the statistics show to have higher loss trends will have a higher premium rate.

The next table illustrates the insurance loss data for Jeep Compass vehicles. For each coverage category, the loss probability for all vehicles averaged together is equal to 100. Values under 100 imply a favorable loss record, while numbers that are greater than 100 indicate frequent claims or a tendency for losses to be larger than average.

Lower rates by qualifying for discounts

Insuring your vehicles can cost a lot, but you might be missing out on some discounts to help bring down the price. Many of these discounts will be applied automatically at quote time, but less common discounts must be specifically requested prior to receiving the credit.

• Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn lower rates if you buy some life insurance in addition to your auto policy.
• Clubs and Organizations – Belonging to qualifying employment or professional organizations is a simple method to lower premiums on your policy.
• Telematics Discount – Drivers who elect to allow their insurance company to look at driving manner by using a telematic data system such as Drivewise from Allstate or Snapshot from Progressive could see a rate decrease if their driving habits are good.
• Multi-Vehicle Discounts – Buying a policy with multiple vehicles on a single policy can reduce the rates for all insured vehicles.
• Defensive Driver Discounts – Passing a safe driver class could earn you a small percentage discount and also improve your driving technique.

While discounts sound great, it’s important to understand that most of the big mark downs will not be given to the whole policy. Most only reduce the cost of specific coverages such as comprehensive or collision. Even though it appears it’s possible to get free car insurance, company stockholders wouldn’t be very happy.

The example below shows the comparison of Jeep Compass car insurance costs with and without discounts applied. The premium estimates are based on a female driver, a clean driving record, no at-fault accidents, Pennsylvania state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, safe-driver, multi-policy, claim-free, and multi-car discounts applied.

A list of companies and a selection of discounts are outlined below.

• Esurance offers premium reductions for good student, renters, claim free, anti-lock brakes, and multi-policy.
• The Hartford offers discounts including driver training, good student, defensive driver, bundle, air bag, anti-theft, and vehicle fuel type.
• AAA may include discounts for AAA membership discount, good driver, pay-in-full, good student, multi-car, multi-policy, and anti-theft.
• GEICO may offer discounts for multi-policy, five-year accident-free, military active duty, anti-lock brakes, air bags, multi-vehicle, and good student.
• State Farm policyholders can earn discounts including student away at school, passive restraint, good student, Steer Clear safe driver discount, and Drive Safe & Save.

If you need lower rates, check with each insurance company which credits you are entitled to. Some of the earlier mentioned discounts may not apply to policyholders in every state. To view companies who offer free Jeep Compass insurance quotes in Pennsylvania, click this link.

Your car insurance coverage should be tailored to you

When quoting and choosing the best car insurance coverage, there isn’t really a cookie cutter policy. Your needs are unique to you.

These are some specific questions might help in determining whether you would benefit from an agent’s advice.

• Is a new car covered when I drive it off the dealer lot?
• What is roadside assistance coverage?
• Do I have coverage when using my vehicle for my home business?
• If my Jeep Compass is totaled, can I afford another vehicle?
• Do I need to file an SR-22 for a DUI in Pennsylvania?
• Do I need higher collision deductibles?
• At what point should I drop full coverage?
• Who is covered when they drive my Jeep Compass?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to an agent. To find lower rates from a local agent, take a second and complete this form. It’s fast, doesn’t cost anything and can help protect your family.

Buying from car insurance agents

A small number of people still prefer to buy from a licensed agent and that is a personal choice. Professional insurance agents can make sure you are properly covered and will help you if you have claims. A nice benefit of comparing rate quotes online is you may find better rates and still buy from a local agent.

After filling out this short form, the coverage information gets sent to agents in your area who will gladly provide quotes and help you find cheaper coverage. You never need to find an agent on your own as quotes are delivered instantly to you. If you want to compare rates from a specific company, you would need to go to their quote page to submit a rate quote request.

Picking the best company requires you to look at more than just a cheap quote. These are valid questions to ask:

• Does the company have a solid financial rating?
• Are claim adjusters local or do you have to take your car somewhere else?
• How much training do they have in personal risk management?
• Do they write coverage based solely on cost?
• Which family members are covered?
• Can you get a list of referrals?
• Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?

When finding a local Philadelphia insurance agency, it’s helpful to know the different types of agents that differ in how they can insure your vehicles. Insurance agencies in Philadelphia can be classified as either independent (non-exclusive) or exclusive. Either can provide car insurance policies, but it’s important to point out the difference in how they write coverage because it can factor into the type of agent you choose.

Exclusive Car Insurance Agencies

Exclusive insurance agents work for only one company and some examples include Farmers Insurance and State Farm. Exclusive agents are unable to provide other company’s prices so you need to shop around if the rates are high. Exclusive agents receive extensive training on their company’s products and that can be a competitive advantage.

The following are exclusive insurance agencies in Philadelphia that can give you rate quotes.

More Philadelphia agents

Independent Agents (or Brokers)

Independent agents are not limited to a single company so they can write business amongst many companies and get the cheapest rates. If prices rise, the business is moved internally which requires no work on your part. If you need lower rates, we recommend you include at a minimum one independent agency so that you have a good selection of quotes to compare.

Shown below are Philadelphia independent insurance agencies who can help you get price quotes.

More Philadelphia agents

The best insurance company isn’t always the cheapest

Consumers who switch companies do it for a variety of reasons including an unsatisfactory settlement offer, being labeled a high risk driver, extreme rates for teen drivers and even denial of a claim. It doesn’t matter what your reason, finding a new auto insurance company is less work than it seems.

When getting Philadelphia car insurance quotes online, do not sacrifice coverage to reduce premiums. There are a lot of situations where consumers will sacrifice collision coverage only to find out they didn’t purchase enough coverage. The goal is to buy enough coverage at the best price and still be able to protect your assets.

We just covered many ideas to find affordable Jeep Compass insurance in Philadelphia. It’s most important to understand that the more you quote Philadelphia car insurance, the more likely it is that you will get a better rate. Consumers may even find the most savings is with a smaller regional carrier.

Much more information about auto insurance in Pennsylvania is located below:

• Reducing Your Risks in a Car Crash Video (iihs.org)
• Who Has the Cheapest Philadelphia Car Insurance for Police Officers? (FAQ)
• Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
• Car Insurance: When not to Skimp (BankRate.com)
• Vehicle Safety Ratings (iihs.org)