It usually costs more to insure luxury vehicles and sports cars, and Jaguar insurance coverage is no exception. If you’re involved in a collision, it will cost more to replace or fix Jaguar custom parts and finishings compared to many other brands. Jaguar insurance claims may be higher because auto repair shops need to order the expensive genuine Jaguar parts. Insurance companies take this into consideration when setting Jaguar auto insurance rates.
Though their lineup includes sedans and SUVs, Jaguar is a high-performance carmaker. Because high-powered vehicles (sports cars in particular) have a reputation for speeding-related risks, this can lead to more expensive insurance rates. The safety rating and safety features of your particular Jaguar model will also factor in.
Several other factors also affect insurance prices, including a driver’s age, driving experience and insurance claims history. The cost of insurance also varies depending on what province and city you live in. Insurers look at data including how likely your vehicle and model are to be stolen in your neighbourhood and how much it costs to repair a particular vehicle in your area.
This is why you shouldn’t set your budget by looking at the average Jaguar car insurance price. It’s better to apply for quotes to get a more accurate idea. LowestRates.ca helps you compare quotes from Canada’s leading auto insurance companies. With several insurance estimates right in front of you, it will be easy to find the best car insurance rates for your Jaguar.