Jaguar I-Pace Car Insurance: How Much Should You Expect to Pay?

Quick Facts

• It costs less to insure a Jaguar I-Pace than the average SUV.
• Full coverage insurance for an I-Pace runs about $142 per month, on average, while liability only insurance typically tends to be around $68 a month.
• The lowest car insurance company for an I-Pace is PlymouthRockNJ, who offers liability only coverage for as little as just $68 monthly, on average.

I-Pace Overview

Coming in with a base MSRP of $69,850 for 2020 models, the Jaguar I-Pace is a high-end SUV on the more expensive end of the spectrum. There are three different trim levels currently available, so there's a style for every driver.

After analyzing thousands of auto insurance quotes through Compare.com, we've found that Jaguar I-Pace insurance rates average out to about $134 per month. But where does that fall compared to the rest of the market?

How Much is Car Insurance for a Jaguar I-Pace?

Looking at the table above, you'll find that Jaguar I-Pace insurance prices are cheaper than average compared to other vehicles. I-Pace drivers usually pay around $68 a month for liability insurance, and about $142 per month for full coverage, which has comprehensive and collision coverages in addition to liability (our guide, "State Minimum vs. Full Coverage", can provide more details on the difference between these types of insurance).

Compared to other Jaguar models, the I-Pace is less expensive, with premiums around 26% lower than the rest of the automaker's vehicle lineup. Similarly, coverage for the I-Pace is cheaper than average when compared to other vehicles of a similar body style, with both liability only and full coverage insurance averaging less expensive prices than other SUVs.

They're also more affordable to insure than the average vehicle overall, no matter what model, body style, or make they are.

Who has the Cheapest Car Insurance for a Jaguar I-Pace?

If you're in the market for a car insurance policy for a Jaguar I-Pace, you may be most interested in which carrier offers the cheapest rates. While premiums can differ pretty dramatically from policyholder to policyholder, PlymouthRockNJ has the cheapest average rates for liability only coverage, with rates as cheap as $68 a month.

That being said, just because these five carriers offer the lowest average rates doesn't necessarily mean they'll be the cheapest companies for you and your unique insurance profile.

After all, your results might be different, since car insurance carriers look at a variety of variables when calculating premiums. By analyzing quotes from a range of auto insurance companies at once, you can be sure you're finding the most affordable rate.

What Factors Affect Car Insurance Rates for a Jaguar I-Pace?

As we mentioned above, there are a whole bunch of factors that insurance carriers take into account to decide how much they charge you for a policy -- and each company weighs certain pieces more than others, so there's not a singular carrier that's the cheapest for every driver.

Below are just a few of the things car insurance companies look at and how each one affects your final rate:

Vehicle Age

The Jaguar I-Pace has only been around for one model year, so vehicle age won't affect your cost in the same way it might for other vehicles. Typically, newer cars are going to cost more to insure because they're worth more, however, as time goes on and I-Paces begin to depreciate, insurance costs will gradually go down.

As you can see in the table above, I-Pace rates are normally about $68 monthly.

Your Age

How old you are makes a big difference in how much you pay for auto insurance. Because the Jaguar I-Pace is pretty new to the market, we're just starting to collect data on how age is affecting car insurance prices. So far, based on the table above, young drivers pay less for auto insurance than drivers with more experience.

Car insurance prices continue to go lower as you get older, with the cheapest age group being 65 years and older for I-Pace drivers.

Your Gender

Did you know women generally pay less for insurance than men? This is because women are less likely to get tickets and get into accidents, which decreases the chances of an insurance claim.

Where You Live

You're probably already aware that variables such as what vehicle you drive and how old you are play a role in your car insurance premiums, but you may not realize that where you live can be equally important. Insurance is regulated on the state level and not nationally, so rates can change quite a bit depending on where you live.

Because the I-Pace is a relatively new vehicle, our data sets are somewhat limited. Even so, you can see in the table above that New York has rates that are more expensive than other states.

Jaguar I-Pace Car Insurance Discounts

No matter your age, your home state, or your car, it's always in your best interest to take advantage of as many insurance discounts as possible.

Even though all auto insurance carriers offer their own unique discounts, there are a few different ones that you'll find with most companies. These include things like:

• Defensive driving discounts for drivers who take a defensive driving class through an accredited school or institution
• Multi-car discounts for adding more than one vehicle to your auto policy
• Vehicle safety discounts for having a vehicle with higher than average safety ratings or one with certain safety features (like air bags or anti-lock brakes)
• Multi-policy discounts for using the same insurance company for both your home and car insurance

There are lots of other discounts out there for saving money on your car insurance. Some of the best ways to save are just by having a good driving history and positive insurance profile.

Even though you may not be able to control every factor auto insurance carriers look at to calculate prices (like some of the ones mentioned above), there are quite a few that are in your control. Below are just a few of the factors you can use to your favor when it comes to saving some cash:

Your Driving Record

You've probably noticed ads from insurance companies offering hefty discounts for good drivers. And you probably wouldn't be surprised that if you get into an accident or get speeding tickets, auto insurance premiums will go higher. But exactly how much can it cost you for these infractions?

Unfortunately, we don't have enough data on file for Jaguar I-Pace drivers specifically, since it is a relatively new SUV. However, as we see more and more of these on the road, we'll have a better idea of how much infractions will cost I-Pace owners when it comes to insurance.

How Much You Drive

Another variable that plays a role in your car insurance rates is the amount of miles you drive annually. Drivers who are on the roads less often have fewer opportunities to get into an accident, so they'll typically be offered lower prices. Since the Jaguar I-Pace is a new vehicle, our data is relatively limited, so we don't yet know how much annual driving distance will affect premiums. So far, the most expensive rates are offered to drivers who drive 5,001 - 7,500 miles per year.

If you don't use your Jaguar I-Pace to travel or commute regularly, it may be worth considering usage-based or pay-per-mile auto insurance. With these kinds of coverage, you pay a small base rate each month, with your final monthly bill being calculated based on the number of miles you drove.

How Do Jaguar I-Paces Compare to Other Vehicles?

If you're thinking about making a Jaguar I-Pace your next purchase, you might be wondering how it compares to other cars. Auto insurance is just one cost that comes with buying a new car, but it's guaranteed to be one that's worth taking into consideration.

Visit the table below to see how the Jaguar I-Pace compares:

Overall, the Jaguar I-Pace is more expensive than average, with an MSRP that's a quarter more than the going rate for a new vehicle. The I-Pace comes in at $69,850, a bit higher than the national average vehicle MSRP of $46,547.

But while the purchase price is on the higher end of the spectrum, car insurance rates are cheaper when compared to the rest of the vehicle market. Liability insurance for a Jaguar I-Pace is around $13 per month less than average, while full coverage is more than $40 less per month.

When it comes to usage, Jaguar I-Pace drivers are much lower than the national average in annual miles driven, with 6,500 miles every year compared to 11,617 for all vehicles.

Jaguar I-Pace Car Insurance Costs by Model Year

You've seen how different things can have an impact on how much the average driver pays to insure a Jaguar I-Pace. If you're considering purchasing a new I-Pace, having a good idea of how much you'll likely pay can be extremely helpful as you weigh your choices and compare it to other vehicles on your shortlist.

2020 Jaguar I-Pace Car Insurance

On average, drivers who own a 2020 Jaguar I-Pace can expect to pay $68 to $128 monthly for liability only and full coverage car insurance, respectively.

If you're looking for the lowest possible 2020 Jaguar I-Pace insurance policy, PlymouthRockNJ offered the lowest policy we found, with rates as low as $68 a month.

Interested in what your auto insurance premium will be? Just enter your ZIP code below to get multiple free customized quotes.

Jaguar I-Pace Insurance FAQs

Is a Jaguar I-Pace expensive to insure?

The Jaguar I-Pace is relatively cheap to insure compared to the average SUV. Liability insurance runs an average of $68 per month, while full coverage will cost you around $142.

How can I get the best price on car insurance for my Jaguar I-Pace?

There's only one way to guarantee you're getting the most affordable rates -- checking prices regularly and comparing quotes from many carriers. It's recommended to review quotes every 6 months or so. Luckily, sites like Compare.com let you compare rates from multiple companies at once, meaning you can find the lowest rates (or guarantee you already have the best deal) for free.

Does the color of my Jaguar I-Pace affect my insurance prices?

You may have heard that it is more expensive to insure red cars that silver or white vehicles, but that's actually not the case. There are quite a few factors insurance carriers use when they decide how much to charge you for auto insurance, but the color of your Jaguar I-Pace is not used to make that determination.

Do I need to have insurance before I buy a Jaguar I-Pace?

You'll need to have an insurance policy in place before you can legally driver your new (or new to you) I-Pace off the dealership lot. Some dealerships will offer you one during the purchase process, but the easiest thing to do is to let your insurance company know ahead of time.

What car insurance discounts can I get for my Jaguar I-Pace?

There are a range of different discounts out there for car insurance. Many of them (like "pay-in-full discounts" and "multi-policy discounts") are more based on you than the vehicle you drive, but if your I-Pace has safety features like airbags, anti-theft systems, anti-lock brakes, and other features, it may qualify for certain discounts. The only way to find out is to talk with your insurance agent and ask about their list of discounts, since they fluctuate quite a bit from carrier to carrier.