Do you need a fast way to compare lower-priced Jeep Liberty insurance in Indianapolis? Did you fall for a flashy sales pitch and buy overpriced Jeep Liberty insurance in Indianapolis? Don't feel bad because many Indianapolis consumers feel financially strained by their auto insurance policy.
Unbelievable but true according to a study the vast majority of auto insurance customers have remained with the same auto insurance company for over three years, and nearly 40% of drivers have never quoted auto insurance rates at all. Many drivers in Indiana could save an average of as much as $700 each year just by shopping around, but they don't know the large savings they would see if they moved their coverage to a different company.
You have so many car insurance companies to choose from, and although it's nice to have a choice, it can be more challenging to compare company pricing for Jeep Liberty insurance in Indianapolis.
It is always a good idea to shop coverage around on a regular basis because insurance prices are adjusted regularly by insurance companies. Even if you got the lowest price on Jeep Liberty insurance in Indianapolis a couple years back you can probably find a lower rate today. There are a lot of ways to save on Liberty insurance on the internet, but you can learn some of the best ways to lower your auto insurance premiums.
The quickest way to compare policy rates for Jeep Liberty insurance in Indianapolis is to take advantage of the fact most insurance companies will pay a fee to compare their rates. The only thing you need to do is provide a little information including the type of vehicles you drive, whether you are married, if it has an alarm system, and if the vehicle is leased. Your details is instantly submitted to insurance companies and they provide comparison quotes within a short period of time.
If you would like to compare rates now, click here then complete the form.
The companies shown below provide comparison quotes in Indianapolis, IN. If the list has multiple companies, we recommend you click on several of them in order to find the cheapest rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Liberty Sport 2WD||$162||$294||$318||$18||$94||$886||$74|
|Liberty Limited 2WD||$152||$238||$318||$18||$94||$820||$68|
|Liberty Renegade 4WD||$148||$232||$380||$22||$114||$896||$75|
|Liberty Sport 4WD||$188||$304||$270||$16||$80||$858||$72|
|Liberty Limited 4WD||$152||$304||$318||$18||$94||$886||$74|
|Get Your Own Custom Quote Go|
Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Table data does not factor in specific location information which can influence prices significantly.
Safe drivers pay cheaper rates
The illustration below shows how speeding tickets and at-fault accidents can drive up Jeep Liberty insurance costs for different insured age categories. The rate quotes are based on a married female driver, full coverage, $250 deductibles, and no other discounts are factored in.
Cost of full coverage
The information below visualizes the comparison of Jeep Liberty premium costs with liability coverage only compared to full coverage. The premium estimates are based on no driving violations, no at-fault accidents, $100 deductibles, married female driver, and no discounts are applied to the premium.
When to stop buying full coverage
There isn't a written rule to drop physical damage coverage, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than about 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.
For example, let's say your Jeep Liberty settlement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company would pay you is $2,000 after paying your deductible. If you are paying in excess of $200 a year for comprehensive and collision coverage, then it's probably a good time to buy liability coverage only.
There are some conditions where dropping physical damage coverage is not in your best interest. If you still have a lienholder on your title, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not drop full coverage.
Physical damage deductibles
The diagram below shows how choosing a deductible and can change Jeep Liberty annual premium costs for different age groups of insureds. The premium estimates are based on a single male driver, full coverage, and no discounts are factored in.
Lower your car insurance rates with these nine discounts
Some providers don't always publicize all discounts in an easy-to-find place, so we break down both well-publicized and also the lesser-known ways to save on car insurance.
- Discount for Good Grades - Getting good grades can be rewarded with saving of up to 25%. The good student discount can last up until you turn 25.
- Driving Data Discount - Drivers who elect to allow their insurance company to track vehicle usage through the use of a telematics system like In-Drive from State Farm and Progressive's Snapshot could save a few bucks as long as the data is positive.
- Life Insurance Discount - Insurance companies who offer life insurance give a discounted rate on car insurance if you buy a life policy as well.
- Air Bags and Passive Restraints - Vehicles with factory air bags and/or automatic seat belt systems may qualify for discounts of 20 to 30 percent.
- Use Seat Belts - Drivers who require all occupants to buckle up could cut 10% or more off the personal injury premium cost.
- Policy Bundle Discount - If you insure your home and vehicles with the same insurance company you may earn approximately 10% to 15%.
- Savings for New Vehicles - Insuring a vehicle that is new can cost up to 25% less because newer vehicles have to meet stringent safety requirements.
- Payment Method - By paying your entire bill at once rather than spreading payments over time you can avoid monthly service charges.
- Indianapolis Homeowners Pay Less - Just being a homeowner may trigger a policy discount on car insurance because maintaining a house shows financial diligence.
Discounts lower rates, but many deductions do not apply to the entire cost. Most only cut specific coverage prices like liability and collision coverage. Despite the fact that it seems like all the discounts add up to a free policy, company stockholders wouldn't be very happy.
A partial list of companies who may offer these discounts include:
If you need lower rates, check with all companies you are considering which discounts you qualify for. Savings may not be available in Indianapolis.
Why you need quality insurance for your Liberty
Even though Indianapolis Liberty insurance rates can get expensive, buying insurance serves a purpose in several ways.
First, most states have mandatory liability insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability insurance if you drive a vehicle. 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 your Liberty has a loan, almost all lenders will make it mandatory that you have insurance to guarantee their interest in the vehicle. If you default on your policy, the bank may insure your Jeep at a more expensive rate and require you to reimburse them the higher premium.
Third, insurance protects both your assets and your car. It will also provide coverage for hospital and medical expenses incurred in an accident. As part of your policy, liability insurance will also pay attorney fees in the event you are sued. If your car is damaged in a storm or accident, comprehensive and/or collision insurance will pay to have it repaired.
The benefits of insuring your Liberty are definitely more than the cost, specifically if you ever have a liability claim. According to a recent study, the average American driver overpays more than $865 each year so it's very important to do a rate comparison once a year at a minimum to be sure current rates are still competitive.
Situations that may require an agent's advice
When it comes to buying the best auto insurance coverage for your vehicles, there isn't really a best way to insure your cars. Your situation is unique so your insurance needs to address that. For example, these questions could help you determine whether your personal situation will benefit from professional help.
- Should I drop comprehensive coverage on older vehicles?
- Am I covered when renting a car or should I buy coverage from the car rental agency?
- Do I need added coverage for expensive stereo equipment?
- What is medical payments coverage?
- What is the rate difference between pleasure use and commuting?
- What are the liability requirements in my state?
- If my car is totalled with they pay enough to replace it?
- Do I need PIP coverage since I have good health insurance?
- How much underlying liability do I need for an umbrella policy?
If you're not sure about those questions but a few of them apply, you might consider talking to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies.
Insurance agent or online?
A lot of people just want to buy from a licensed agent and that is not a bad decision A good thing about getting online price quotes is you may find cheap rate quotes and also buy local. Buying from local insurance agents is definitely important in Indianapolis.
For easy comparison, once you complete this form (opens in new window), the coverage information gets sent to participating agents in Indianapolis that can provide free Indianapolis auto insurance quotes for your business. You don't have to contact an agency because prices are sent straight to your inbox. Get lower rates without a big time investment. If you want to compare prices for a specific company, you just need to find their quoting web page and give them your coverage information.
If you prefer to buy auto insurance from local Indianapolis agents, it's helpful to know the types of agencies and how they are distinctly different. Agents can be classified as either independent (non-exclusive) or exclusive.
Independent Agents (or Brokers)
These type of agents do not sell for just one brand so they can quote policies with multiple insurance companies and find the cheapest rate. If your premiums go up, the business is moved internally and you don't have to find a new agent.
When comparing rate quotes, you should always get several quotes from several independent insurance agents to have the most options to choose from.
Featured below are Indianapolis independent agencies who may be able to give you pricing information.
Exclusive Auto Insurance Agencies
Agents that elect to be exclusive write business for a single company like American Family, State Farm, and AAA. Exclusive agents cannot compare other company's rates so always compare other rates. Exclusive agencies are trained well on their company's products and that can be a competitive advantage.
Listed below is a list of exclusive insurance agencies in Indianapolis that can give you price quotes.
Jim Grounds - State Farm Insurance Agent
4745 Statesmen Dr d - Indianapolis, IN 46250 - (317) 842-6807 - View Map
Finding the right insurance agency is decision based upon more than just the premium amount. The answers to these questions are important, too.
- What discounts might you be missing?
- Can you use your own choice of collision repair facility?
- Are there any discounts for paying up front?
- Can you get a list of referrals?
- Will you work with the agent or an assistant?
- Which family members are covered?
- Do the coverages you're quoting properly cover your vehicle?
After talking to the agent and getting positive feedback to your questions as well as an affordable premium quote, chances are good that you have found an insurance agency that meets the requirements to properly insure your vehicles. Just understand that you have the power to cancel your policy at any time so never assume that you are permanently stuck with a policy for a certain time period.
Parts of your insurance policy
Knowing the specifics of your policy aids in choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverages found on the average insurance policy.
Protection from uninsured/underinsured drivers
This gives you protection from other drivers when they are uninsured or don't have enough coverage. This coverage pays for hospital bills for your injuries and also any damage incurred to your Jeep Liberty.
Due to the fact that many Indiana drivers have only the minimum liability required by law (25/50/10), their limits can quickly be used up. That's why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally these coverages are identical to your policy's liability coverage.
This covers damage to your Liberty from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.
Collision insurance covers things like scraping a guard rail, hitting a mailbox, backing into a parked car and damaging your car on a curb. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. It's also possible to increase the deductible on your Liberty to save money on collision insurance.
Liability coverage protects you from damage that occurs to other's property or people. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 25/50/10 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and a total limit of $10,000 for damage to vehicles and property. Some companies may use a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.
Liability coverage pays for things such as repair costs for stationary objects, loss of income and emergency aid. How much liability coverage do you need? That is a personal decision, but you should buy higher limits if possible. Indiana state minimum liability requirements are 25/50/10 but you should consider buying more coverage.
Comprehensive (Other than Collision)
This will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things such as a tree branch falling on your vehicle, vandalism and falling objects. The highest amount your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle's value it's not worth carrying full coverage.
Medical expense insurance
Med pay and PIP coverage pay for short-term medical expenses such as rehabilitation expenses, X-ray expenses, prosthetic devices, dental work and chiropractic care. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay