Save Money on Jeep Compass Insurance in New Orleans

Pretty sure you bought an expensive car insurance policy? It’s quite common and there are many New Orleans drivers thinking the same thing.

It’s an obvious statement that car insurance companies want to keep your business as long as possible. Consumers who shop around for cheaper rates are highly likely to move their business because there is a good chance of finding lower rate quotes. A study discovered that drivers who shopped around every year saved an average of $865 a year as compared to drivers who don’t make a habit of comparing rates.

If finding the lowest price on Jeep Compass insurance is your objective, understanding how to get price quotes and compare insurance can make it easier to find better rates. Multiple car insurance companies compete for your business, so it’s not easy to compare every insurer and get the best coverage at the lowest rate possible on Jeep Compass insurance in New Orleans.

It’s smart to price shop coverage quite often because car insurance rates are variable and change quite frequently. If you had the lowest premium rates on Jeep Compass insurance in New Orleans last year there is a good chance you can find better prices now. Forget anything you know (or think you know) about car insurance because you’re going to get a crash course in the things you must know in order to lower your annual insurance bill.

Low cost New Orleans Jeep Compass insurance quotes online

The companies in the list below can provide price quotes in Louisiana. To locate the cheapest car insurance in LA, we suggest you get prices from several of them in order to get a fair rate comparison.

Jeep Compass insurance rates and statistics

The information shown next highlights different coverage costs for Jeep Compass models. Knowing how policy premiums are formulated can help guide drivers when making smart policy decisions.

Prices above based on married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Rate information does not factor in vehicle location which can revise premium rates substantially.

Physical damage deductibles

One of the hardest decisions when shopping for auto insurance is how high should your deductibles be. The premium rates below illustrate the rate differences when you choose different physical damage deductibles. The first data set uses a $100 physical damage deductible and the second set of prices uses a $500 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Premium amounts do not factor in specific zip code location which can raise or lower insurance rates considerably.

Based on these figures, using a $100 deductible will cost in the ballpark of $29 more each month or $348 a year than requesting the higher $500 deductible. Since you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you usually have at a minimum 14 months between claim filings, you would more than likely save some money if you opt for a higher deductible. Below is a better example of how you can make this decision for your own policy.

One thing to be aware of is that raising deductibles to get cheaper rates means you will have to pay more when you have to file a claim. You must have some money saved in the event you need to pay the deductible.

Male drivers versus female drivers

The diagram below illustrates the difference between Jeep Compass insurance prices for male and female drivers. The premium estimates are based on no tickets, no at-fault accidents, comprehensive and collision coverage, $1,000 deductibles, drivers are single, and no additional discounts are factored in.

Get cheaper rates on Jeep Compass insurance in New Orleans with these six insurance discounts

Car insurance is not cheap, but there may be some discounts to reduce the price significantly. Some discounts will apply at quote time, but occasionally some discounts must be asked for before you will receive the discount. If you do not double check each discount you deserve, you are throwing money away.

• Use Seat Belts – Drivers who require all occupants to buckle up can save up to 10 percent (depending on the company) off the PIP or medical payment premium.
• Policy Bundle Discount – If you combine your home and auto policies with one company you may save at least 10 to 15 percent or more.
• Sign Early and Save – A few insurance companies offer discounts for switching companies early. You can save around 10% with this discount.
• Federal Government Employee – Having worked for a branch of the government can save as much as 8% depending on your company.
• Telematics Data Discounts – Insureds that choose to allow their insurance company to scrutinize driving manner by using a telematics device in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system may get a rate reduction as long as they are good drivers.
• Driver Training Discounts – Passing a course teaching safe driver skills can save you 5% or more and easily pay for the cost of the class.

While discounts sound great, it’s important to understand that most discounts do not apply to the whole policy. Most only reduce individual premiums such as liability and collision coverage. Even though the math looks like you would end up receiving a 100% discount, you won’t be that lucky.

The illustration below shows the difference between Jeep Compass insurance premiums with and without discounts being applied to the rates. The premiums assume a male driver, no violations or accidents, Louisiana state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, marriage, claim-free, homeowner, and multi-policy discounts applied.

A list of companies and the discounts they provide are detailed below.

• GEICO offers discounts including multi-policy, membership and employees, air bags, federal employee, good student, anti-lock brakes, and defensive driver.
• Mercury Insurance has savings for ease of repair, location of vehicle, anti-theft, multi-car, type of vehicle, and professional/association.
• Farmers Insurance includes discounts for pay in full, bundle discounts, electronic funds transfer, business and professional, early shopping, and alternative fuel.
• Auto-Owners Insurance has discounts for multi-policy, multiple vehicles, anti-theft, mature driver, air bags, and company car.
• Liberty Mutual offers premium reductions for newly married, multi-car, teen driver discount, good student, exclusive group savings, and new move discount.
• SAFECO policyholders can earn discounts including teen safety rewards, multi-car, accident prevention training, drive less, safe driver, bundle discounts, and homeowner.
• Progressive offers discounts for online quote discount, multi-policy, online signing, homeowner, and continuous coverage.
• USAA may offer discounts for annual mileage, defensive driver, new vehicle, multi-vehicle, and good student.

Before you buy a policy, ask every insurance company how you can save money. Some of the discounts discussed earlier might not be offered on policies in New Orleans. If you would like to see a list of companies that offer multiple discounts in Louisiana, click here.

Why do I need car insurance?

Despite the high insurance cost for a Jeep Compass in New Orleans, paying for car insurance is required for several reasons.

• Most states have minimum liability requirements which means the state requires a specific minimum amount of liability coverage if you drive a vehicle. In Louisiana these limits are 15/30/25 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If your Jeep has a loan, almost every bank will require that you buy insurance to guarantee their interest in the vehicle. If the policy lapses, the bank will be required to insure your Jeep at a much higher rate and force you to pay for the much more expensive policy.
• Insurance safeguards both your car and your assets. Insurance will also pay for medical bills for both you and anyone you injure as the result of an accident. Liability coverage will also pay for a defense attorney if you are named as a defendant in an auto accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.

The benefits of having insurance are without a doubt worth the cost, especially if you ever need it. According to a recent study, the average American driver is currently overpaying as much as $810 a year so it’s recommended you shop around once a year at a minimum to help ensure money is not being wasted.

Which car insurance company is best in Louisiana?

Ending up with a high-quality car insurance company can be a challenge considering how many different companies sell coverage in Louisiana. The company ratings displayed below may help you analyze which auto insurers you want to consider when shopping around.

Top 10 New Orleans Car Insurance Companies Ranked by Claims Service

1. Travelers
2. Nationwide
3. Allstate
4. State Farm
5. Liberty Mutual
6. GEICO
7. American Family
8. Esurance
9. Titan Insurance
10. AAA Insurance

Top 10 New Orleans Car Insurance Companies Ranked by Customer Satisfaction

1. USAA – 91%
2. AAA Insurance – 90%
3. Esurance – 90%
4. Mercury Insurance – 89%
5. Nationwide – 89%
6. Travelers – 88%
7. Progressive – 88%
8. Safeco Insurance – 88%
9. State Farm – 88%
10. Allstate – 88%

When to get professional advice

When selecting proper insurance coverage for your vehicles, there really is no “best” method to buy coverage. Everyone’s situation is a little different.

Here are some questions about coverages that can help discover if your situation will benefit from professional help.

• Are my friends covered when driving my car?
• What if I owe more than I can insure my car for?
• What is glass protection for?
• Are my friends covered when driving my Jeep Compass?
• Do I need rental car coverage?
• Will I be non-renewed for getting a DUI or other conviction?
• What is an adequate liability insurance limit?
• Can I drive in Mexico and have coverage?
• Which companies are cheaper for teen drivers?

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, complete this form. It only takes a few minutes and may give you better protection.

Auto insurance agents near you

Many people still prefer to go talk to an agent and that is just fine! Professional insurance agents are very good at helping people manage risk and help submit paperwork. An additional benefit of comparing rates online is that you can obtain cheap rate quotes and still have a local agent.

To help locate an agent, after submitting this form (opens in new window), the quote information is immediately sent to local insurance agents who will return price quotes for your coverage. It makes it easy because there is no need to contact an agency as quotes are delivered directly to you. If for some reason you want to compare rates from one company in particular, don’t hesitate to go to their quote page and fill out the quote form the provide.

Picking a provider requires more thought than just a cheap quote. Ask your prospective agent these questions:

• Are you getting all the discounts the company offers?
• What insurance companies do they recommend if they are an independent agent?
• Does the agent have a valid license to sell insurance in Louisiana?
• Does the quote include credit and driving reports?
• Are there any hidden costs in their price quote and does it include driving and credit history?
• Is working in the agency their full-time job?
• Can you choose the body shop in case repairs are needed?

Different types of New Orleans auto insurance agents

When narrowing the list to find a reliable insurance agency, it’s important to understand the different types of agents that differ in how they can insure your vehicles. Agencies in New Orleans can either be exclusive or independent (non-exclusive). Either can do a good job, but it is a good idea to know the differences because it can influence the type of agent you choose.

Exclusive Agencies

Agents that choose to be exclusive work for only one company such as State Farm or Allstate. These agents are not able to provide rate quotes from other companies so always compare other rates. Exclusive agents are trained well in insurance sales and that enables them to sell even at higher rates.

Shown below are New Orleans exclusive agents who can help you get comparison quotes.

More New Orleans agents

Independent Insurance Agents

Agents that elect to be independent are not limited to a single company so they can insure your vehicles with lots of companies depending on which coverage is best. To move your coverage to a new company, the agent simply finds a different carrier and that require little work on your part.

When searching for an agent, it’s a good idea to get insurance quotes from a couple of independent agencies so that you have a good selection of quotes to compare.

Listed below are New Orleans independent agents that can give you price quotes.

More New Orleans agents

After talking to the agent and getting acceptable answers and an acceptable price quote, you’ve probably found a car insurance agent that can be trusted to service your policy.

Auto insurance coverage basics

Understanding the coverages of your auto insurance policy aids in choosing which coverages you need and the correct deductibles and limits. Policy terminology can be difficult to understand and coverage can change by endorsement.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like a broken windshield, hitting a bird, damage from a tornado or hurricane, damage from getting keyed and rock chips in glass. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Uninsured Motorist or Underinsured Motorist insurance

This gives you protection when other motorists either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as damage to your Jeep Compass.

Due to the fact that many Louisiana drivers only carry the minimum required liability limits (15/30/25 in Louisiana), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for EMT expenses, surgery, prosthetic devices and doctor visits. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Liability

This coverage protects you from damage or injury you incur to other’s property or people in an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 15/30/25 which stand for a limit of $15,000 per injured person, a limit of $30,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability can pay for claims like bail bonds, attorney fees, pain and suffering, emergency aid and repair costs for stationary objects. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as much as you can afford. Louisiana state law requires minimum liability limits of 15/30/25 but you should consider buying higher limits.

The illustration below shows why minimum state limits may not be adequate coverage.

Collision insurance

Collision coverage will pay to fix damage to your Compass resulting from a collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like crashing into a ditch, backing into a parked car, hitting a mailbox and colliding with a tree. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible on your Compass to bring the cost down.