Car Insurance Rates for a Jeep Liberty in New Orleans

It’s well known that insurance companies don’t want you shop around. Drivers who get comparison quotes once a year are inclined to buy a new policy because they have good chances of finding lower prices. A recent survey found that drivers who regularly shopped around saved an average of $3,450 over four years compared to policyholders who never compared rates.

If finding the most affordable insurance is your target objective, then having some insight into how to shop for insurance premiums can save time and make the process easier.

Discount Jeep Liberty insuranceIt takes a little time, but the best way to get budget Jeep Liberty insurance in New Orleans is to make a habit of comparing prices annually from different companies in Louisiana. You can shop around by following these guidelines.

  1. Try to learn a little about coverages and the measures you can control to keep rates low. Many rating criteria that drive up the price like speeding and a substandard credit history can be improved by improving your driving habits or financial responsibility.
  2. Compare rates from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from one company like Progressive and State Farm, while independent agencies can quote prices from many different companies.
  3. Compare the new rate quotes to your existing coverage to see if switching to a new carrier will save money. If you find a lower rate and buy the policy, make sure there is no lapse in coverage.

One key aspect when comparing rates is to use the same liability limits and deductibles on every quote and and to get rates from as many companies as possible. This provides the most accurate price comparison and the best price selection.

When comparison shopping, making a lot of price comparisons helps increase your odds of locating a lower rate. Some regional insurers cannot provide New Orleans Liberty insurance quotes over the internet, so it’s recommended that you also compare prices from those companies as well.

The following companies are ready to provide comparison quotes in Louisiana. To get cheaper auto insurance in New Orleans, LA, it’s a good idea that you get rate quotes from several of them in order to find the cheapest rates.

Insurance coverage analysis

The information shown next outlines a range of insurance costs for Jeep Liberty models. Understanding how insurance prices are determined is important for drivers to make decisions on which insurance to purchase.

Jeep Liberty Insurance Rates in New Orleans, LA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Liberty Sport 2WD $306 $572 $562 $34 $168 $1,642 $137
Liberty Limited 2WD $352 $572 $562 $34 $168 $1,688 $141
Liberty Renegade 4WD $352 $572 $562 $34 $168 $1,688 $141
Liberty Sport 4WD $352 $572 $562 $34 $168 $1,688 $141
Liberty Limited 4WD $352 $696 $562 $34 $168 $1,812 $151
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Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Rate information does not factor in your specific New Orleans location which can decrease or increase premium rates significantly.

Physical damage deductibles

One common question asked by New Orleans drivers is the level to set your comp and collision deductibles. The rates shown below can help you understand the rate differences of buying low and high policy deductibles. The first set of prices uses a $100 physical damage coverage deductible and the second set of rates uses a $500 deductible.

Jeep Liberty insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Liberty Sport 2WD $348 $594 $464 $28 $140 $1,599 $133
Liberty Limited 2WD $400 $594 $464 $28 $140 $1,651 $138
Liberty Renegade 4WD $400 $594 $464 $28 $140 $1,651 $138
Liberty Sport 4WD $400 $594 $464 $28 $140 $1,651 $138
Liberty Limited 4WD $400 $722 $464 $28 $140 $1,779 $148
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Jeep Liberty insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Liberty Sport 2WD $254 $400 $464 $28 $140 $1,286 $107
Liberty Limited 2WD $292 $400 $464 $28 $140 $1,324 $110
Liberty Renegade 4WD $292 $400 $464 $28 $140 $1,324 $110
Liberty Sport 4WD $292 $400 $464 $28 $140 $1,324 $110
Liberty Limited 4WD $292 $488 $464 $28 $140 $1,412 $118
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Premium amounts do not factor in zip code location which can decrease or increase insurance rates noticeably.

Using the data above, we can ascertain that using a $100 deductible costs roughly $28 more each month or $336 annually across all Jeep Liberty models than quoting the higher $500 deductible. Due to the fact that you would have to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to average at least 14 months between claim filings, you would most likely save money if you choose a higher deductible.

Cost difference between full coverage and liability

The illustration below shows the difference between Jeep Liberty premium costs with and without full coverage. The rate quotes are based on no claims, a clean driving record, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.

When to eliminate full coverage

There is no clear-cut formula that is best for determining when to drop full coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s pretend your Jeep Liberty 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 you pay the deductible. If it’s costing in excess of $300 a year for your policy with full coverage, then you might want to consider buying only liability coverage.

There are a few situations where buying only liability insurance is not a good idea. If you still owe money on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Do I need special coverages?

When quoting and comparing your policy for your vehicles, there really is no one size fits all plan. Coverage needs to be tailored to your specific needs.Drive safe and save

For instance, these questions might point out whether your personal situation might need an agent’s assistance.

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed agent. To find lower rates from a local agent, fill out this quick form.

Neighborhood agents and auto insurance

A lot of people still like to go talk to an agent. The best thing about price shopping on the web is that drivers can save money and get cheap rate quotes but also keep your business local. And supporting local agents is important especially in New Orleans.

Find insurance agent in New OrleansOnce you complete this simple form, the coverage information gets sent to local insurance agents who can give free rate quotes for your auto insurance coverage. There is no reason to even leave your home because prices are sent immediately to your email address. It’s the lowest rates and work with a local agent. In the event you want to quote rates from a particular provider, you just need to navigate to their website and fill out the quote form the provide.

Multiple types of car insurance agents in New Orleans

If you are wanting to purchase auto insurance from a reputable agency, it can be helpful to understand the different types of agents and how they can write your policy. Agents in New Orleans can be described as either exclusive or independent (non-exclusive).

Independent Auto Insurance Agents

These agents are not locked into one company so they can write business with lots of companies enabling the ability to shop coverage around. If your agent finds better pricing, they simply switch companies in-house and you won’t have to switch agencies. When comparison shopping, you need to include independent agents to get the most accurate price comparison. Many write coverage with additional companies that you may not be familiar with which can be an advantage.

Featured below is a partial list of independent agents in New Orleans that can give you free auto insurance rate quotes.

More New Orleans agents

Exclusive Agents

These type of agents normally can only provide a single company’s rates such as Farmers Insurance and State Farm. They generally cannot compare rates from other companies so it’s a take it or leave it situation. These agents are well trained on their products and sales techniques and that allows them to sell at a higher price point. A lot of people buy from the same agent for years mostly because of the brand name instead of buying on price only.

Below is a list of exclusive agents in New Orleans that can give you rate quotes.

More New Orleans agents

Choosing an car insurance agent requires more thought than just a low price. The following questions are important to ask.