2012 Jeep Compass Insurance

2012 Jeep Compass

What is my neighbor paying for their 2012 Jeep Compass ?

Auto-Liability, 2012 Jeep Compass

See a sample rate for a Male Driver / Single 24 year old with Violations – Liability Only.

2012 Jeep Compass : SAMPLE QUOTE

Coverages and Other Factors
Coverage Type: Liability Only
Number of Vehicles on Policy: 1
Year/Make/Model: 2012 Jeep Compass
Ownership Status: Own/Paid Off
Roadside/Towing: No
Rental Coverage: No
More Auto Coverage Details
Insurance Company: Progressive Insurance Company
Liability Limits: $25,000 / each person $50,000 each accident / $15,000 Property Damage
Uninsured Motorist: Rejected
Underinsured Motorist: Rejected
Medical Payments: Rejected
Comprehensive/Collison Deductible: None

Insurance Rating Factors

State: Colorado Springs, Colorado

Gender: Male

Age Group: Early 20s

Legal Marital Status: Single

Prior Insurance: Yes

Violations: Yes

SR-22: Not Required

Discounts Applied:

Education Discount
Paperless Discount
Multi-Vehicle Discount
Automatic Payments
Driving App
Bundle/Multi-Policy Discount
Continuous Insurance
5-Year-Accident-Free: Good Driver Discount

Disclaimer: The purpose of this page is to showcase an estimate of what insurance may cost an individual with these products and/or circumstances. This is based on a real quote.

What Is An Electronic Funds Transfer Discount?

An Electronic Funds Transfer (EFT) discount is a financial incentive offered by businesses or organizations to encourage their customers or clients to make payments using electronic funds transfer methods, such as direct bank transfers, Automated Clearing House (ACH) payments, or electronic payment systems like PayPal or digital wallets. This discount is a way for businesses to reduce transaction costs and improve cash flow while providing an added benefit to customers who choose electronic payment methods.

Here’s how an EFT discount typically works:

  1. Offer: The business or organization announces that it offers a discount for customers who choose to make payments electronically. This discount is often a percentage of the total invoice amount or a fixed dollar amount.
  2. Payment Method: Customers who wish to take advantage of the discount must select one of the accepted electronic payment methods when making a payment. This might involve providing bank account information for a direct transfer or using an electronic payment platform.
  3. Calculation: The discount is calculated based on the total amount of the payment. For example, if the EFT discount is 2% and the invoice total is $100, the customer would receive a $2 discount.
  4. Processing: The electronic payment is processed, and the funds are transferred securely and quickly to the business or organization’s account.
  5. Discount Application: After the payment is successfully processed, the agreed-upon discount is applied to the customer’s invoice or transaction.
  6. Receipt: The customer receives a receipt or confirmation of the transaction, which may include details about the applied discount.

EFT discounts benefit both the business and the customer:

  • Business Benefits:
    • Reduced transaction costs: EFT transactions are often less costly than traditional payment methods like checks.
    • Improved cash flow: EFT payments are typically faster to process, which can help businesses access funds more quickly.
    • Enhanced efficiency: Manual handling of checks or cash payments can be time-consuming and error-prone. EFT payments streamline the process.
  • Customer Benefits:
    • Cost savings: Customers can save money by taking advantage of the EFT discount.
    • Convenience: Electronic payments are often more convenient than writing and mailing checks.
    • Speed: EFT payments are typically faster than traditional payment methods.

It’s essential to note that EFT discounts are voluntary, and customers have the option to choose whether to pay electronically and receive the discount or use other payment methods. Businesses may also choose to apply this discount selectively or for specific types of transactions, such as recurring subscription payments.

Why Should I Consider Just Having Liability only Insurance?

Opting for liability-only insurance coverage can be a sensible choice for some individuals in certain circumstances. Liability insurance covers the costs associated with damage or injuries you may cause to others in an accident where you are at fault. Here are some reasons why you might consider having liability-only insurance:

  1. Cost Savings: Liability-only insurance is typically much cheaper than full coverage insurance, which includes comprehensive and collision coverage. If you have an older or less valuable vehicle, paying for comprehensive and collision coverage might not be cost-effective.
  2. Vehicle Value: If your vehicle has a low market value, it may not make financial sense to pay for comprehensive and collision coverage. In the event of an accident, the cost of repairs or replacement may not exceed the premiums you’ve paid for these coverages.
  3. Financial Situation: If you have the financial means to repair or replace your vehicle out of pocket, you may not need comprehensive and collision coverage. Liability coverage primarily protects you from the financial liability of causing harm to others, not the cost of repairing your vehicle.
  4. State Requirements: In most states, liability insurance is a legal requirement for all drivers. However, comprehensive and collision coverage is typically optional. Choosing liability-only insurance ensures you meet the legal requirements while minimizing costs.
  5. Minimal Vehicle Usage: If you rarely drive your vehicle or use it for short trips, your risk of getting into an accident may be lower. In such cases, you might be comfortable with liability-only coverage.
  6. Savings for Multiple Vehicles: If you have multiple vehicles and one of them is used less frequently or is of lower value, you might choose liability-only coverage for that vehicle to reduce insurance expenses.
  7. Personal Financial Strategy: Some individuals prefer to save money on insurance premiums and set aside funds in an emergency savings account to cover potential vehicle repair or replacement costs. This strategy can be viable if you have the discipline to save consistently.

However, it’s important to consider the potential drawbacks and limitations of liability-only insurance:

  1. Limited Coverage: Liability insurance only covers damages and injuries you cause to others. It doesn’t pay for your own vehicle’s repairs or replacement if you’re at fault in an accident.
  2. Financial Risk: If you’re at fault in an accident and your vehicle is damaged or totaled, you’ll be responsible for those costs out of pocket.
  3. Depreciation: As your vehicle’s value decreases over time, the savings from not paying for comprehensive and collision coverage may diminish.
  4. Lender Requirements: If you have a car loan or lease, your lender may require you to have comprehensive and collision coverage until the loan is paid off.

Before deciding on liability-only insurance, carefully assess your financial situation, the value of your vehicle, and your risk tolerance. It’s also a good idea to consult with an insurance agent or financial advisor to determine the best coverage options for your specific circumstances.

What Is the Reputation of a 2012 Jeep Compass?

The reputation of the 2012 Jeep Compass can be somewhat mixed, as it has received both positive and negative reviews from automotive experts and consumers. The Jeep Compass is a compact SUV that was introduced in 2007 and aimed to combine Jeep’s rugged image with a more affordable and fuel-efficient option for consumers.

Here are some key points regarding the reputation of the 2012 Jeep Compass:

Positive Aspects:

  1. Affordability: The Jeep Compass was designed to be a more budget-friendly option within the Jeep lineup, making it attractive to buyers who wanted the Jeep brand but couldn’t afford the more expensive models.
  2. Fuel Efficiency: Compared to some other Jeep models, the Compass tends to offer better fuel efficiency, particularly with its base four-cylinder engine.
  3. Available 4×4: Many versions of the 2012 Compass were available with a 4×4 (four-wheel drive) system, which can be beneficial for those who need or prefer off-road capabilities or better traction in adverse weather conditions.
  4. Comfortable Ride: Some owners find the Compass to offer a comfortable ride, especially for daily commuting and urban driving.

Negative Aspects:

  1. Performance: The 2012 Jeep Compass received criticism for its performance, particularly with the base engine, which was considered underpowered by some. The optional larger engine didn’t significantly improve performance.
  2. Interior Quality: Many reviewers and owners found fault with the interior quality, with complaints about cheap materials and a lackluster cabin design.
  3. Noise and Vibration: Some drivers reported that the Compass had issues with road noise and vibrations, making for a less comfortable and quieter ride compared to competitors.
  4. Reliability: Reliability has been a concern for some Compass owners. While not all owners have experienced problems, there have been reports of issues with various components, including the transmission and electrical systems.
  5. Resale Value: Due to its mixed reputation, the Compass tends to have lower resale values compared to some of its competitors.

It’s important to note that individual experiences with the 2012 Jeep Compass can vary widely based on factors such as maintenance, usage, and location. If you’re considering purchasing a used 2012 Jeep Compass, it’s advisable to have a trusted mechanic inspect the vehicle thoroughly and to review the vehicle’s history report. Additionally, consider reading owner reviews and seeking the advice of Jeep Compass owners’ forums to gain insights into real-world experiences with this specific model year.

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