Searching for the cheapest insurance for a Land Rover LR4 in Florida can turn out to be difficult, but you can use the following methods and make it easy. There is a better way to find car insurance online so we’re going to tell you the absolute fastest way to price shop coverage on a Land Rover and obtain the lowest price from Orlando insurance agents and online providers.
Seven Things That Influence Your Insurance Rates
An important part of buying insurance is that you know a few of the rating criteria that help calculate your premiums. If you understand what controls the rates you pay, this enables informed choices that will entitle you to cheaper rates.
Never let your insurance policy lapse – Allowing your insurance policy to lapse is a sure-fire way to trigger a rate increase. In addition to paying higher rates, getting caught without coverage could earn you a license revocation or jail time. You may then have to prove you have insurance by filing a SR-22 with the Florida motor vehicle department to get your license reinstated.
Performance influences insurance costs – The make and model of the vehicle you need to insure makes a big difference in determining your rates. The lowest base rates are usually for smaller low performance passenger models, but your final cost has many other factors.
The next chart uses these assumptions: single female driver age 20, full coverage with $1000 deductibles, and no discounts or violations. The chart compares Land Rover LR4 rates compared to other models of vehicles that have a range of performance rating factors.
Liability insurance is important – A critical coverage on your policy, liability insurance is the coverage that protects you if ever you are determined to be liable for personal injury or accident damage. Your liability coverage provides you with a defense in court which can cost a lot. Carrying liability coverage is mandatory and cheap compared to other policy coverages, so do not skimp.
Traffic violations can be expensive – Your driving record has a huge affect on how much you pay. Drivers who don’t get tickets receive lower rates than their less careful counterparts. Having a single driving citation may increase your cost twenty percent or more. Drivers who have gotten license-revoking tickets such as reckless driving, hit and run or driving under the influence may need to maintain a SR-22 to the state department of motor vehicles in order to prevent their license from being revoked.
The example below demonstrates how speeding tickets and accidents influence Land Rover LR4 auto insurance costs for different age groups. The premium estimates are based on a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are factored in.
Experienced drivers are lower risk – Older insureds have been proven to be more responsible, tend to cause fewer accidents, and usually have better credit. Young drivers have been known to be easily distracted when behind the wheel so they pay higher insurance rates.
The chart below uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.
Buy a safe car and pay less – Vehicles with high crash test scores tend to have better insurance rates. Vehicles engineered for safety protect occupants better and any reduction in injury severity translates into fewer and smaller insurance claims and cheaper rates on your policy. If the Land Rover LR4 has at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
Optional features that lower premiums – Choosing a vehicle with advanced anti-theft systems can save you a little every year. Anti-theft devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart auto theft.
Land Rover LR4 insurance loss probability – Insurance companies analyze the history of losses when they file their rates in each state. Vehicles that historically have increased losses will have a higher cost to insure. The table below shows the insurance loss data used by companies for Land Rover LR4 vehicles.
For each coverage type, the claim probability for all vehicles combined as an average is a value of 100. Values under 100 suggest a positive loss record, while values that are above 100 indicate more frequent claims or larger claims.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Land Rover LR4 4dr 4WD||87||105||134||47|
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Analysis of Land Rover LR4 rates
The data table displayed next showcases a range of insurance coverage prices for Land Rover LR4 models. Having a good understanding how auto insurance policy rates are calculated helps drivers make smart policy decisions.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|LR4 HSE Plus||$276||$524||$418||$24||$124||$1,366||$114|
|Get Your Own Custom Quote Go|
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Prices do not factor in specific Orlando garaging location which can alter premiums substantially.
Auto insurance rates by age and gender
The example below shows the comparison of Land Rover LR4 yearly insurance costs for male and female drivers. The premiums assume no violations or claims, full coverage, $1,000 deductibles, marital status is single, and no discounts are applied.
Difference between liability only and full coverage rates
The chart below illustrates the difference between Land Rover LR4 premium costs with full coverage and liability only. The rates are based on a clean driving record, no at-fault accidents, $100 deductibles, single status, and no discounts are factored in.
Are you wasting money on full coverage?
There is no clear-cut rule for excluding physical damage coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.
For example, let’s say your Land Rover LR4 replacement cost is $6,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would receive is $5,000 after paying your policy deductible. If you are paying in excess of $500 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.
There are some situations where dropping physical damage coverage is not in your best interest. If you haven’t satisfied your loan, you are required to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not consider dropping full coverage.
Slash rates with these price cutting discounts
Car insurance is easily one of your largest bills, but there could be significant discounts that many consumers don’t even know exist. Some trigger automatically at the time you complete a quote, but once in a while a discount must be inquired about before you will receive the discount.
- Federal Employees – Simply working for the federal government could cut as much as 10% off depending on your car insurance provider.
- Safety Restraint Discount – Using a seat belt and requiring all passengers to use a seat belt can save up to 15% off PIP or medical payments premium.
- Safety Course Discount – Taking part in a course that instructs on driving safety could possibly earn you a 5% discount and easily recoup the cost of the course.
- No Charge for an Accident – Not a discount per se, but certain companies will forgive one accident before your rates go up if your claims history is clear prior to the accident.
- Student Discounts – Getting good grades can save 20 to 25%. Many companies even apply the discount to college students until age 25.
- Low Mileage Discounts – Maintaining low annual mileage could earn lower rates due to less chance of an accident.
A little disclaimer on discounts, most of the big mark downs will not be given to the whole policy. Most only cut the cost of specific coverages such as collision or personal injury protection. So even though it sounds like adding up those discounts means a free policy, it doesn’t quite work that way. Any amount of discount will positively reduce the amount you pay for coverage.
The chart below compares Land Rover LR4 car insurance costs with and without discounts. The information is based on a male driver, no violations or accidents, Florida state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, marriage, homeowner, multi-policy, and multi-car discounts applied.
For a list of insurance companies that can offer you the previously mentioned discounts in Florida, click this link.
Find cheap rates by being thorough
We covered some good ideas how to lower your Land Rover LR4 insurance car insurance rates in Orlando. The key thing to remember is the more rate comparisons you have, the better your comparison will be. You may even be surprised to find that the lowest priced auto insurance comes from a small mutual company.
Budget-friendly auto insurance in Orlando is available online and from local insurance agents, so you should be comparing quotes from both to have the best selection. A few companies may not have online rate quotes and usually these small insurance companies sell through independent agents.
Consumers change insurance companies for a number of reasons such as being labeled a high risk driver, extreme rates for teen drivers, policy non-renewal or poor customer service. It doesn’t matter what your reason, finding the right auto insurance provider can be less work than you think.
How to find affordable Land Rover LR4 insurance in Orlando
The best way to find affordable quotes for auto insurance rates in Orlando is to start doing a yearly price comparison from companies in Florida.
- Spend some time learning about how car insurance works and the measures you can control to keep rates low. Many things that cause high rates like traffic tickets, fender benders, and an unacceptable credit rating can be eliminated by making small lifestyle or driving habit changes.
- Compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can give quotes from one company like GEICO or State Farm, while agents who are independent can provide rate quotes for many different companies.
- Compare the new rates to the premium of your current policy and determine if cheaper LR4 coverage is available. If you find better rates, make sure there is no coverage gap between policies.
- Give notification to your current company to cancel your current auto insurance policy and submit payment and a completed application to the new insurer. Once coverage is bound, put the new proof of insurance certificate in your glove compartment.
One piece of advice is to make sure you’re comparing identical coverage information on every quote request and and to look at as many carriers as you can. This helps ensure a fair rate comparison and a complete rate analysis.
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Who Has Cheap Orlando Car Insurance Rates for a Ford Escape? (FAQ)
- Who Has Affordable Orlando Auto Insurance Rates for Uninsured Drivers? (FAQ)
- Who Has Affordable Orlando Auto Insurance for Lyft Drivers? (FAQ)
- Who Has the Cheapest Orlando Car Insurance for 17 Year Olds? (FAQ)
- Who Has Cheap Orlando Auto Insurance for a Nissan Rogue? (FAQ)
- Understanding Rental Car Insurance (Insurance Information Institute)
- What if I Can’t Find Coverage? (Insurance Information Institute)