Finding cheaper premium rates on Jeep Patriot insurance in San Antonio might be quite difficult for people who are beginners to online price comparisons. People have so many different companies and agents to choose from that it can quickly become a big hassle to locate the lowest premium rates.
It’s easy to assume that insurance companies want to keep you from comparing rates. Insureds who compare price quotes will probably buy a new policy because of the good chance of finding more affordable rates. A recent survey discovered that drivers who routinely shopped for cheaper coverage saved over $70 a month as compared to drivers who never shopped for cheaper rates.
If finding the cheapest rates on auto insurance in San Antonio is your target objective, understanding how to shop for coverage rates can make the process more efficient.
It’s a good habit to take a look at other company’s rates once or twice a year because auto insurance prices are variable and change quite frequently. Even if you think you had the lowest price on Jeep Patriot insurance in San Antonio at your last renewal the chances are good that you can find a lower rate quote today. You’ll find a ton of advice on Patriot insurance on the internet, but in just a couple of minutes you can learn a bunch of ideas how to find cheap auto insurance in San Antonio.
If you have insurance now, you should be able to cut your premiums using the techniques covered below. These techniques will teach you a little about how car insurance works and some tricks to saving. Although Texas drivers benefit from understanding the way insurance companies determine prices and use this information to your advantage.
Rates and statistics
The rate table shown below showcases estimates of insurance prices for Jeep Patriot models. Learning more about how car insurance premiums are calculated helps drivers make decisions on which coverage to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Patriot Sport 2WD | $200 | $346 | $366 | $22 | $110 | $1,044 | $87 |
| Patriot Sport 4WD | $200 | $346 | $366 | $22 | $110 | $1,044 | $87 |
| Patriot Limited 2WD | $230 | $422 | $366 | $22 | $110 | $1,150 | $96 |
| Patriot Limited 4WD | $230 | $422 | $366 | $22 | $110 | $1,150 | $96 |
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Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Rate quotes do not factor in specific location information which can influence auto insurance rates noticeably.
The example below shows how choosing a deductible and can increase or decrease Jeep Patriot annual premium costs for each different age group. The information is based on a single female driver, comprehensive and collision coverage, and no discounts are taken into consideration.
Does it make sense to buy full coverage?
The chart below compares Jeep Patriot car insurance rates with and without full coverage. The data assumes no claims or driving citations, $100 deductibles, drivers are not married, and no other discounts are factored in.
When to stop buying physical damage coverage
There is no written rule to stop paying for full coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.
For example, let’s assume your Jeep Patriot book value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $3,000 after paying your deductible. If it’s costing you more than $300 annually for full coverage, then you might consider buying liability only.
There are some scenarios where buying only liability insurance is not recommended. If you still have a lienholder on your title, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not drop full coverage.
Smart Buyers Save More
The best way to find cheaper car insurance is to take a look at some of the elements that aid in calculating the price you pay for car insurance. If you have a feel for what influences your rates, this allows you to make educated decisions that may reward you with much lower annual insurance costs. Many things are part of the calculation when quoting car insurance. Most are fairly basic like an MVR report, but other criteria are not as apparent such as your credit history or your vehicle rating.
The items below are some of the factors used by companies to determine your premiums.
- Higher prices for coverage lapses – Not having insurance is illegal and your next policy will cost more because you let your insurance lapse for non-payment. In addition to paying higher rates, being ticketed for driving with no insurance could result in fines and jail time.
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Vehicle risk impacts prices – The performance level of the car you drive makes a significant difference in your premium level. Smaller low performance passenger models receive the most favorable rates, but other factors influence the final cost greatly.
The following data assumes a single female driver age 20, full coverage with $100 deductibles, and no discounts or violations. It compares Jeep Patriot insurance rates compared to other models of vehicles that have different performance rating factors.
- Keep premiums low by being claim-free – If you are the type of insured that files lots of claims you should expect either higher rates or even cancellation. Companies in Texas give lower rates to people that do not abuse their auto insurance. Insurance coverage is designed for claims that pose a financial burden.
- Marriage is a factor – Having a significant other may earn you lower rates on car insurance. Having a spouse translates into being more mature than a single person and statistics show married drivers tend to file fewer claims.
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Jeep Patriot insurance loss probability – Auto insurance companies include the past claim history for a vehicle when they set coverage costs for each model. Vehicles that have higher loss trends will cost more to insure. The table below demonstrates the collected loss data for Jeep Patriot vehicles.
For each type of coverage, the loss probability for all vehicles compiled together is considered to be 100. Percentage values below 100 imply a favorable loss record, while numbers above 100 indicate more frequent claims or a tendency for losses to be larger than average.
Auto Insurance Loss Data for Jeep Patriot Models Vehicle 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 BETTERAVERAGEWORSEData Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Don’t give up on cheap rates
As you quote San Antonio car insurance, it’s very important that you do not reduce needed coverages to save money. There are many occasions where an insured dropped liability limits or collision coverage only to find out they didn’t purchase enough coverage. Your focus should be to get the best coverage possible for the lowest price, but do not sacrifice coverage to save money.
We’ve covered a lot of techniques to get a better price on Jeep Patriot insurance in San Antonio. The key concept to understand is the more providers you compare, the higher your chance of finding the cheapest Jeep Patriot rate quotes. You may even be surprised to find that the lowest rates come from some of the lesser-known companies. Regional companies may cover specific market segments cheaper compared to the large companies like Allstate and Progressive.
Additional learning opportunities
- Protect Yourself Against Auto Theft (Insurance Information Institute)
- How Much are San Antonio Car Insurance Quotes for Electric Cars? (FAQ)
- How Much is Auto Insurance for Teenage Females in San Antonio? (FAQ)
- Who Has Cheap San Antonio Car Insurance for Veterans? (FAQ)
- Medical Payments Coverage (Liberty Mutual)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
- Liability Insurance Coverage (Nationwide)
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)