How Much Does 2001 Ford Escape Insurance Cost?

Expensive insurance coverage can dwindle your checking account and make it impossible to make ends meet. Comparing price quotes is free and is an excellent way to reduce premiums and put more money in your pocket.

Many auto insurance companies vie for your business, so it’s not easy to compare every provider and get the definite best price available.

If you are paying for car insurance now, you will most likely be able to save some money using these tips. Finding the best rates is not rocket science. Nevertheless, vehicle owners benefit from understanding how the larger insurance companies sell insurance online.

Save big with these discounts

Companies don’t always advertise all their discounts in a way that’s easy to find, so here is a list some of the more common as well as the least known savings tricks you should be using.

  • Save over 55 – If you qualify as a senior citizen, you may qualify for a small decrease in premiums for Escape coverage.
  • Multiple Cars – Having all your vehicles on one policy qualifies for this discount.
  • Military Discounts – Having a deployed family member could be rewarded with lower premiums.
  • Paperless Signup – Some insurance companies may give you up to $50 for buying a policy and signing up over the internet.
  • Theft Prevention Discount – Cars that have factory anti-theft systems help deter theft and qualify for as much as a 10% discount.
  • Distant Student – Children who attend school more than 100 miles from home without a vehicle on campus may be able to be covered for less.

It’s important to understand that some of the credits will not apply to all coverage premiums. Most cut individual premiums such as comprehensive or collision. Even though it may seem like adding up those discounts means a free policy, it just doesn’t work that way.

For a list of insurers who offer car insurance discounts, click this link.

Parts of the Ford Escape rate equation

An important part of buying insurance is that you know the factors that go into determining your insurance rates. Having a good understanding of what controls the rates you pay helps enable you to make changes that could result in big savings.

Listed below are some of the items that factor into premiums.

  • Where do you drive? – The more miles you rack up on your Ford in a year the more you’ll pay to insure your vehicle. The majority of insurers rate vehicles determined by how the vehicle is used. Cars and trucks not used for work or commuting qualify for better rates as compared to vehicles used primarily for driving to work. Ask your agent if your insurance policy is rated on how each vehicle is driven. Incorrect usage on your Escape may be costing you.
  • Equipment add-ons that lower insurance rates – Purchasing a vehicle that has an advanced theft prevention system can help bring down rates. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping your car from being stolen.
  • Clean credit earns discounts – Your credit score is a large factor in calculating your insurance rates. Therefore, if your credit score is lower than you’d like, you could potentially save money when insuring your 2001 Ford Escape by repairing your credit. Consumers who have excellent credit tend to be less risk to insure as compared to drivers with poor credit.
  • Safer cars cost less to insure – Safer cars get lower rates. Safe vehicles protect occupants better and fewer injuries means less money paid by your insurance company and thus lower rates. If the Ford Escape is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.
  • Bad driving skills means higher rates – Careful drivers receive lower rates than bad drivers. Just one moving violation can boost insurance rates twenty percent or more. Drivers who get serious violations such as reckless driving, hit and run or driving under the influence may be required to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to continue driving.
  • Don’t let your coverage lapse – Allowing your coverage to lapse will be a quick way to bump up your insurance costs. Not only will you pay more, getting caught without coverage can result in a hefty fine and possibly a revoked license.

But I don’t know anything about car insurance

When choosing the best auto insurance coverage, there is no perfect coverage plan. Everyone’s needs are different so your insurance should reflect that For instance, these questions may help you determine whether or not you might need professional guidance.

  • When does my teenage driver need to be added to my policy?
  • How high should my medical payments coverage be?
  • Which companies will insure high-risk drivers?
  • Do I need to file an SR-22 for a DUI in my state?
  • Should I waive the damage coverage when renting a car?
  • Why am I required to get a high-risk car insurance policy?
  • Do I pay less for low miles?

If you don’t know the answers to these questions but a few of them apply, you may need to chat with an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of auto insurance companies in your area.

Save 15 percent in 15 minutes? Is it for real?

Auto insurance providers like Progressive, Allstate and GEICO constantly bombard you with ads on television and other media. They all have a common claim of big savings if you switch your coverage to them. How can each company make almost identical claims?

All the different companies have a certain “appetite” for the type of customer that earns them a profit. An example of a preferred risk might be over the age of 40, has no driving citations, and has a short commute. A driver who matches those parameters is entitled to the best price and is almost guaranteed to save when they switch companies.

Consumers who fall outside the requirements must pay higher premiums and this can result in business going elsewhere. The ads say “customers that switch” but not “drivers who get quotes” save that kind of money. That is how companies can claim big savings. This illustrates why you should quote coverage with many companies. It is impossible to predict the company that will give you the biggest savings on Ford Escape insurance.

Specific coverages for a Ford Escape

Knowing the specifics of your insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. Insurance terms can be difficult to understand and reading a policy is terribly boring. Below you’ll find typical coverages available from insurance companies.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage provides protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family.

Coverage for liability

Liability insurance provides protection from damage or injury you incur to other people or property in an accident. This coverage protects you from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 100/300/100 which means $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000.

Liability coverage protects against claims like emergency aid, structural damage, loss of income, funeral expenses and legal defense fees. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive (Other than Collision)

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like damage from a tornado or hurricane, a tree branch falling on your vehicle, theft, falling objects and hitting a bird. The most your insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Medical expense insurance

Coverage for medical payments and/or PIP pay for bills such as nursing services, funeral costs, pain medications, EMT expenses and hospital visits. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Collision protection

This covers damage to your Escape resulting from a collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like backing into a parked car, driving through your garage door and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Another option is to bump up the deductible to bring the cost down.

More quotes mean more savings

While you’re price shopping online, it’s very important that you do not buy lower coverage limits just to save a few bucks. In many cases, consumers will sacrifice uninsured motorist or liability limits only to discover later that the savings was not a smart move. Your aim should be to purchase plenty of coverage at an affordable rate while still protecting your assets.

Lower-priced 2001 Ford Escape insurance is possible from both online companies and also from your neighborhood agents, so you should compare both in order to have the best chance of saving money. Some insurance providers may not provide online price quotes and these small insurance companies work with independent agents.

You just learned many ways to shop for insurance online. It’s most important to understand that the more quotes you get, the better your chances of lowering your rates. You may even discover the lowest priced insurance coverage comes from a small local company. Some small companies may cover specific market segments cheaper as compared to the big name companies such as GEICO and State Farm.

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