Having to pay for expensive Jeep Liberty insurance in Oakland can take a big chunk out of your family’s budget and maybe even restrict other spending. Comparing rates annually can save money and help to lower your monthly bill.
Smart shoppers know that auto insurance companies don’t want you shop around. People who shop around for better prices are likely to switch insurance companies because there is a high probability of finding a lower-priced policy. A recent insurance study discovered that drivers who faithfully checked for cheaper rates saved an average of $850 each year as compared to drivers who never compared prices.
If finding the best rates on Jeep Liberty insurance in Oakland is your intention, then having a grasp of how to find and compare auto insurance can make it easier to shop your coverage around.
Steps to buying discount Jeep Liberty insurance in Oakland
If you want to save the most money, the best way to find cheaper prices for Jeep Liberty insurance is to start doing an annual price comparison from different companies that sell auto insurance in Oakland.
- First, get a basic knowledge of policy coverages and the things you can control to prevent expensive coverage. Many rating criteria that are responsible for high rates like accidents, traffic violations, and a substandard credit score can be improved by paying attention to minor details. Continue reading for additional ideas to lower rates and earn larger discounts.
- Second, obtain price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only quote rates from one company like GEICO or Allstate, while agents who are independent can provide rate quotes from multiple companies. Compare rates
- Third, compare the new rates to the premium of your current policy to see if a cheaper price is available in Oakland. If you find a lower rate and change companies, make sure there is no coverage gap between policies.
- Fourth, give notification to your agent or company of your intent to cancel your current auto insurance policy and submit the signed application along with the required initial payment to your new company or agent. As soon as you can, safely store the proof of insurance paperwork in an easily accessible location.
The key thing to know about shopping around is that you’ll want to compare the same level of coverage on every quote and and to get rates from as many different insurance providers as possible. This guarantees a fair price comparison and the best price selection.
Popular companies such as Progressive, State Farm and GEICO all claim big savings, bombarding you with ad campaigns and consumers find it hard to not get sucked in by the cute commercials and take the time to shop coverage around.
You need to do price comparisons periodically because prices change quite often. Despite the fact that you may have had the lowest rates on Jeep Liberty insurance in Oakland last year you can probably find a better rate quote now. Forget all the misinformation about insurance because it’s time to teach you the best way to properly buy coverages and cut your premium.
If you have a current auto insurance policy or just want to reduce your rates, you can follow these tips to get lower rates while maintaining coverages. Buying the cheapest auto insurance in Oakland is quite easy. Consumers just need to understand how to shop online.
Jeep Liberty insurance charts and tables
The price information displayed next showcases a range of insurance premium costs for Jeep Liberty models. Knowing how insurance policy premiums are formulated can aid in making informed purchases.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Liberty Sport 2WD | $318 | $638 | $574 | $34 | $172 | $1,736 | $145 |
| Liberty Limited 2WD | $366 | $638 | $574 | $34 | $172 | $1,784 | $149 |
| Liberty Renegade 4WD | $366 | $638 | $574 | $34 | $172 | $1,784 | $149 |
| Liberty Sport 4WD | $366 | $638 | $574 | $34 | $172 | $1,784 | $149 |
| Liberty Limited 4WD | $366 | $776 | $574 | $34 | $172 | $1,922 | $160 |
| Get Your Own Custom Quote Go | |||||||
Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Information does not factor in vehicle location which can decrease or increase price quotes greatly.
Policy deductibles
One common question asked by Oakland drivers is the level to set your comp and collision deductibles. The rates shown below sum up the rate differences of buying low and high physical damage deductibles. The first rate quote example uses a $100 comprehensive and collision deductible and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Liberty Sport 2WD | $332 | $564 | $442 | $26 | $132 | $1,521 | $127 |
| Liberty Limited 2WD | $380 | $564 | $442 | $26 | $132 | $1,569 | $131 |
| Liberty Renegade 4WD | $380 | $564 | $442 | $26 | $132 | $1,569 | $131 |
| Liberty Sport 4WD | $380 | $564 | $442 | $26 | $132 | $1,569 | $131 |
| Liberty Limited 4WD | $380 | $686 | $442 | $26 | $132 | $1,691 | $141 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Liberty Sport 2WD | $242 | $382 | $442 | $26 | $132 | $1,224 | $102 |
| Liberty Limited 2WD | $278 | $382 | $442 | $26 | $132 | $1,260 | $105 |
| Liberty Renegade 4WD | $278 | $382 | $442 | $26 | $132 | $1,260 | $105 |
| Liberty Sport 4WD | $278 | $382 | $442 | $26 | $132 | $1,260 | $105 |
| Liberty Limited 4WD | $278 | $464 | $442 | $26 | $132 | $1,342 | $112 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Rates do not factor in specific zip code location which can increase or decrease premium rates considerably.
Based on the above data, using a $100 deductible will cost in the ballpark of $26 more each month or $312 every year than requesting the higher $500 deductible. Because you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you tend to have more than 15 months between claims, you would save money by going with a higher deductible.
The example below demonstrates how choosing different deductibles and can impact Jeep Liberty yearly insurance costs for each age group. The price estimates are based on a single male driver, comp and collision included, and no additional discounts are factored in.
Do you need full coverage?
The chart below shows the comparison of Jeep Liberty insurance prices when comparing full coverage to liability only. The premiums assume no claims, a clean driving record, $100 deductibles, drivers are single, and no discounts are taken into consideration.
Should you pay for full coverage?
There is no definitive rule for dropping comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is more than about 10% of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.
For example, let’s say your Jeep Liberty claim settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would receive is $4,000 after paying your deductible. If it’s costing you more than $400 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.
There are some conditions where dropping full coverage is not a good idea. If you still owe a portion of the original loan, you have to maintain full coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should keep full coverage in place.
Auto insurance coverage basics
Understanding the coverages of auto insurance aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be confusing and reading a policy is terribly boring.
Insurance for medical payments
Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for prosthetic devices, surgery, nursing services, doctor visits and ambulance fees. They can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. It covers both the driver and occupants and will also cover being hit by a car walking across the street. PIP is not universally available and gives slightly broader coverage than med pay
Comprehensive coverage (or Other than Collision)
This pays for damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive can pay for things like rock chips in glass, a broken windshield and theft. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
Uninsured Motorist or Underinsured Motorist insurance
This coverage provides protection when other motorists either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Since a lot of drivers only carry the minimum required liability limits (15/30/5 in California), it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.
Collision coverage
Collision insurance pays to fix your vehicle from damage resulting from a collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against things like hitting a parking meter, damaging your car on a curb, driving through your garage door and scraping a guard rail. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible on your Liberty to get cheaper collision coverage.
Liability car insurance
This protects you from damages or injuries you inflict on other’s property or people. This coverage protects you against other people’s claims. It does not cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 15/30/5 that means you have $15,000 in coverage for each person’s injuries, a total of $30,000 of bodily injury coverage per accident, and property damage coverage for $5,000.
Liability coverage pays for things such as attorney fees, funeral expenses, repair costs for stationary objects and pain and suffering. The amount of liability coverage you purchase is up to you, but consider buying higher limits if possible. California requires drivers to carry at least 15/30/5 but drivers should carry better liability coverage.
The illustration below shows why minimum state limits may not be enough coverage.
Be persistent and save
People switch companies for any number of reasons including policy non-renewal, not issuing a premium refund, delays in paying claims or even unfair underwriting practices. Whatever your reason, finding a new company is pretty easy and you might even save some money in the process.
You just learned a lot of tips how to find cheap Jeep Liberty insurance in Oakland. The most important thing to understand is the more rate quotes you have, the better likelihood of getting affordable Oakland auto insurance quotes. You may even find the biggest savings come from some of the smallest insurance companies.
When trying to cut insurance costs, don’t be tempted to sacrifice coverage to reduce premiums. There are a lot of situations where drivers have reduced physical damage coverage only to regret at claim time that the few dollars in savings costed them thousands. The proper strategy is to buy a smart amount of coverage at the lowest possible cost while still protecting your assets.
How to find low-cost Jeep Liberty insurance in Oakland
To save the most money, the best way to find low-cost auto insurance rates is to make a habit of regularly comparing prices from providers who sell auto insurance in Oakland. Drivers can shop around by following these steps.
- Take a few minutes and learn about what coverages are included in your policy and the things you can control to keep rates in check. Many rating factors that result in higher rates such as at-fault accidents and a substandard credit score can be amended by being financially responsible and driving safely.
- Compare rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive or State Farm, while independent agencies can quote prices for a wide range of companies. Start a quote
- Compare the new rate quotes to the premium of your current policy to see if a cheaper price is available. If you find a better price and buy the policy, make sure coverage is continuous and does not lapse.
- Provide adequate notice to your current company of your decision to cancel your current policy and submit payment along with a signed and completed policy application for the new policy. Once coverage is bound, put the certificate verifying proof of insurance in an easily accessible location in your vehicle.
One key aspect of rate comparisons is to try to use similar coverage information on every quote request and and to get prices from as many companies as you can. This ensures a fair price comparison and maximum price selection.
Even more information is available in these articles:
- State Car Insurance Guides (GEICO)
- What Insurance is Cheapest for a Hyundai Sonata in Oakland? (FAQ)
- How Much is Car Insurance for Drivers with Accidents in Oakland? (FAQ)
- Who Has Affordable Auto Insurance Rates for Government Employees in Oakland? (FAQ)
- Teen Driver Licensing Information (iihs.org)
- How do I File a Claim? (Insurance Information Institute)