Cheapest Quotes for Jeep Patriot Insurance in Indianapolis

Smart shoppers know that car insurance companies don’t want you quoting rates from other companies. Consumers who shop around are likely to switch car insurance companies because there is a good probability of finding coverage at a cheaper rate. A recent survey discovered that drivers who routinely shopped for cheaper coverage saved about $865 a year compared to other drivers who don’t regularly compare prices.

If finding the best rates on Jeep Patriot insurance is why you’re reading this, learning how to shop and compare car insurance can save time and make the process easier.

The recommended way to find discount Jeep Patriot insurance is to start comparing prices regularly from different companies who sell auto insurance in Indianapolis. You can compare rates by following these guidelines.

1. Take a few minutes and learn about the different coverages in a policy and the measures you can control to keep rates in check. Many risk factors that cause high rates like traffic tickets, fender benders, and poor credit rating can be eliminated by being financially responsible and driving safely. This article provides ideas to help prevent expensive coverage and find overlooked discounts.
2. Request price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can provide rates from one company like Progressive or State Farm, while independent agents can provide prices from many different companies.
3. Compare the new quotes to your existing coverage to determine if you can save on Patriot insurance. If you can save money and buy the policy, ensure coverage does not lapse between policies.
4. Provide written notification to your current company of your intention to cancel your current policy. Submit a completed policy application and payment to your new insurance company. Be sure to safely store the certificate verifying proof of insurance somewhere easily accessible.

A key point to remember is to use similar coverage information on every quote request and to quote with all possible companies. This ensures a fair price comparison and and a good selection of different prices.

Getting low cost insurance pricing doesn’t have to be difficult. The only thing you need to do is spend a little time to get quotes online from several insurance companies.

It’s so fast and easy to compare rate quotes online that it takes the place of having to spend time driving to all the different insurance agencies. Doing it all online eliminates the need for an insurance agent unless you want the peace of mind of a licensed agent. Some companies do allow you to comparison shop your insurance online but buy from a local insurance agent.

The companies shown below provide comparison quotes in Indianapolis, IN. If more than one company is shown, we suggest you visit several of them to get the best price comparison.

Jeep Patriot insurance statistics and information

The rate information shown next covers estimates of insurance rates for Jeep Patriot models. Being more informed about how rate quotes are figured can aid in making informed decisions when comparing rates.

Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Premium costs do not factor in the specific area where the vehicle is garaged which can revise premiums considerably.

Physical damage deductibles: Should you raise them?

One of the hardest decisions when shopping for car insurance is where should you set your physical damage deductibles. The following insurance rates can help you understand the difference in cost when you select higher and lower coverage deductibles. The first data table uses a $250 physical damage coverage deductible and the second price grid uses a $1,000 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Rate information does not factor in the specific area where the vehicle is garaged which can change prices substantially.

Using the premium rates above, we can conclude that using a $250 deductible will cost in the ballpark of $18 more each month or $216 every year across all Jeep Patriot models than requesting the higher $1,000 deductible. Since you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go at least 42 months between claims, you would probably come out ahead if you opt for a higher deductible. The illustration below shows an example of how you can perform this determination yourself.

An important thing to remember is that a higher deductible means you will have to pay more out-of-pocket if you have a claim. It will be required that you have some savings in the bank in order to pay the deductible to have repairs made.

The illustration below illustrates how choosing a deductible and can impact Jeep Patriot insurance premiums for different insured age categories. The premium estimates are based on a single male driver, full physical damage coverage, and no additional discounts are factored in.

Cost of full coverage

The illustration below shows the comparison of Jeep Patriot car insurance costs with and without full coverage. The price estimates are based on no driving violations, no at-fault accidents, $500 deductibles, single marital status, and no additional discounts are factored in.

Should you pay for full coverage?

There is no set guideline to stop paying for comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is 10% or more of the replacement cost minus the deductible, then it may be the right time to buy liability only.

For example, let’s say your Jeep Patriot replacement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $2,000 after paying your policy deductible. If premiums are more than $200 annually for your policy with full coverage, then you might want to consider buying only liability coverage.

There are some situations where dropping full coverage is not advised. If you still owe money on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should keep full coverage.

Car insurance protects more than just your car

Despite the high insurance cost for a Jeep Patriot in Indianapolis, buying car insurance is required in Indiana but it also protects you in many ways.

First, the majority of states have mandatory insurance requirements which means the state requires a specific level of liability insurance in order to be legal. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you have a lien on your vehicle, more than likely the lender will make it a condition of the loan that you buy full coverage to ensure loan repayment if the vehicle is totaled. If you do not pay your insurance premiums, the lender may insure your Jeep for a much higher rate and make you pay for it.

Third, insurance protects your car and your assets. It will also pay for medical expenses for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, also pays expenses related to your legal defense if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, your policy will pay all costs to repair after the deductible has been paid.

The benefits of having car insurance outweigh the cost, specifically if you ever have a liability claim. According to a 2015 survey, the average American driver is overpaying over $855 a year so it’s very important to do a rate comparison every year to ensure rates are competitive.

Lower Your Indianapolis Insurance Prices

Smart consumers have a good feel for some of the elements that help calculate your insurance rates. If you have a feel for what impacts premium levels, this enables informed choices that can earn you lower rates. Multiple criteria are part of the equation when you get your auto insurance bill. Some are pretty understandable such as your driving history, but other criteria are less apparent like your vehicle usage or how financially stable you are.

• Younger drivers pay higher premiums – Older drivers are shown to be more cautious, cause fewer claims and accidents, and get fewer tickets. Young drivers have been known to be more careless when behind the wheel so they pay higher insurance rates.

  The following chart uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.

• Improve your credit score and save – Having a good credit history is likely to be a major factor in your rate calculation. Drivers with very good credit scores tend to be more responsible and file fewer claims as compared to drivers with lower credit ratings. If your credit rating is low, you may save money insuring your Jeep Patriot by repairing your credit.
• City dwellers may pay more – Living in less populated areas may provide you with better prices when buying insurance. Drivers who live in large cities have to deal with more auto accidents and longer commutes to work. Fewer drivers means less chance of accidents.
• Lower stress equals lower rates – Jobs such as lawyers, airline pilots, and accountants generally have higher premiums than the average policyholder because of intense work requirements and lengthy work days. On the other hand, careers like actors, students and the unemployed have the lowest average rates.

• More performance means more cost – The type of vehicle you are insuring makes a huge difference in determining your rates. The lowest performance passenger models usually have the lowest rates, but that’s not the only thing that factors into the final price.

  The next chart is based on a single male driver age 20, full coverage with $100 deductibles, and no discounts or violations. It compares Jeep Patriot policy rates compared to other models that have different performances.

• Deter car thieves – Choosing a vehicle that has an advanced theft prevention system can get you a discount on your insurance. Anti-theft features like vehicle immobilizer systems, OnStar, and tracking devices like LoJack can thwart auto theft and help lower rates.

• Driving citations mean higher costs – Good drivers receive lower rates compared to bad drivers. Even a single citation could increase your next policy renewal to the point where it’s not affordable. Drivers with multiple citations such as DWI, reckless driving or hit and run convictions are required to prove financial responsibility with their state’s department of motor vehicles in order to prevent a license revocation.

  The example below demonstrates how citations and at-fault collisions impact Jeep Patriot auto insurance costs for different ages of insureds. The data is based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no policy discounts are applied.

• Jeep Patriot insurance loss probability – Insurance companies study historical loss data as a way to help calculate a profitable premium rate. Vehicles that historically have high amounts or severity of claims will be charged more to insure. The next table shows the insurance loss data for Jeep Patriot vehicles.

  For each policy coverage type, the loss probability for all vehicles combined as an average is represented as 100. Numbers under 100 suggest losses that are better than average, while percentage values above 100 indicate more frequent losses or statistically larger claims.

  
  

  Insurance Loss Ratings for Jeep Patriot Vehicles

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Jeep Patriot 4dr 2WD	80	139	65	123	121	140
  Jeep Patriot 4dr 4WD	73	121	67	98	100	111

  BETTER

  AVERAGE

  WORSE

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

Don’t give up on cheaper rates

As you prepare to switch companies, it’s not a good idea to reduce needed coverages to save money. There are too many instances where someone sacrificed liability limits or collision coverage only to regret at claim time that the few dollars in savings costed them thousands. The aim is to get the best coverage possible for the lowest price.

We covered some good ideas how to save on Jeep Patriot insurance in Indianapolis. The most important thing to understand is the more price quotes you have, the better your chances of lowering your rates. You may even be surprised to find that the biggest savings come from some of the lesser-known companies. They often have lower rates on specific markets than the large multi-state companies such as Allstate or State Farm.

To learn more, link through to the resources below:

• Driving in Bad Weather (Insurance Information Institute)
• What Auto Insurance is Cheapest for Lyft Drivers in Indianapolis? (FAQ)
• Things to Know Before you Cancel Insurance (Allstate)
• Top Signs Your Brakes are Giving Out (State Farm)