The first Jaguar was developed in England in the 1920s. Unlike most car manufacturers, Jaguar does not name most of it's models with anything but letters and numbers. The XK and MK series were among the more popular in Jaguar history. The open top Jaguar roadster is consider by some fanatics to be more beautiful than the most colorful sunset.
Jaguar is the UK’s contribution to the luxury car market with cars comparable to Mercedes-Benz and BMW. Their cars are known for a sleek, stylish design created to give the impression of a leaping Jaguar cat. Also known for elegant luxury, superior craftsmanship, and technological innovation, these luxury vehicles are among the most sought after in the world. As you can imagine, the sticker price doesn’t make them affordable for the average American driver.
It stands to reason that all of the expenses of ownership, from affordable car insurance to maintenance and repairs, dictate the Jaguar is a car intended for those with means. The cheapest in the company’s 2012 line is the $53,000 Jaguar XF. At 15 mpg city and 23 mpg highway the fuel mileage alone suggests a certain level of income before you can afford to own one. As for cheap car insurance, don’t expect that with the Jaguar.
According to the latest numbers from Intellichoice, the 2012 XF carries a very hefty insurance tag at more than $2,200 annually. And that’s just the cheapest Jaguar in the family; more than the cheapest car of both BMW and Mercedes Benz. If you want to jump to the top-of-the-line XKR convertible you could expect insurance in the neighborhood of $3000 per year.
What’s most surprising about the insurance rates for the Jaguar is that these cars depreciate rather rapidly. The XF starts at $53,000 but is only worth some $22,000 after five years. That’s a depreciation in excess of 50%. Nonetheless, replacing a five-year-old XF after a car accident still costs your insurance company a pretty penny, thus necessitating higher insurance rates. The luxury classification also means that repairs are going to be more expensive in terms of both parts and labor.
