Cheaper 2008 Ford Expedition EL Insurance Rates

Want the cheapest car insurance rates for your Ford Expedition EL? Are you tired of scraping the payment together to buy car insurance? Your situation is no different than most other car owners. Many insurers vie for your hard-earned dollar, so it can be very hard to choose a company to get the best rates possible.

It’s a good habit to take a look at other company’s rates periodically because prices change frequently. Despite the fact that you may have had the best rates for Expedition EL coverage two years ago a different company probably has better rates today. Ignore everything you know about car insurance because we’re going to demonstrate the right way to get good coverage at a lower rate.

If you have a current insurance policy or need new coverage, you can use these techniques to cut your premiums and possibly find even better coverage. Finding affordable coverage is easy if you know what you’re doing. Consumers just need to know the most efficient way to get comparison quotes online.

Your Ford Expedition EL insurance rate is a complex equation

It’s important that you understand the different types of things that help determine the price you pay for insurance coverage. Knowing what controls the rates you pay empowers consumers to make smart changes that will entitle you to better insurance coverage rates.

The following are some of the items used by your company to calculate prices.

  • More miles equals more premium – The more you drive in a year’s time the higher your rate. Most insurance companies apply a rate based on their usage. Vehicles not used for work or commuting receive lower rates than vehicles that are driven to work every day. Ask your agent if your insurance coverage policy is rated on the correct driver usage, because improper ratings can cost you money. If your policy improperly rates your Expedition EL can result in significantly higher rates.
  • Rates may be lower depending on your job – Did you know your occupation can influence how much you pay for insurance coverage? Jobs such as doctors, executives and financial analysts tend to pay higher average rates attributed to high stress and long work hours. Conversely, occupations like actors, engineers and homemakers have the lowest average rates for Expedition EL coverage.
  • Liability coverage is cheap – The liability section of your policy is the protection if ever you are found liable for causing damage or personal injury in an accident. Liability insurance provides you with a defense in court which can cost thousands of dollars. This coverage is very inexpensive compared to insuring for physical damage coverage, so drivers should carry high limits.
  • Equipment add-ons that lower insurance coverage rates – Choosing a vehicle with anti-theft technology or alarm system can help bring down rates. Anti-theft features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart auto theft.
  • You might want pay the small claims yourself – Auto insurance companies provide discounts to policyholders who file claims infrequently. If you file claims often, you can look forward to either policy cancellation or increased premiums. Auto insurance is intended to be relied upon for the large, substantial claims.
  • Battle of the sexes – Statistics have proven women tend to be less risk to insure than men. Now that doesn’t mean men are WORSE drivers than women. They both are in accidents in similar numbers, but the men tend to have more serious accidents. Men also statistically get more serious tickets such as reckless driving.

How to Compare Insurance Rates

There are a variety of methods to compare 2008 Ford Expedition EL insurance prices but some are less time-consuming than others. You can spend your afternoon driving to insurance agencies in your area, or you could use the internet to get rate comparisons in just a few minutes.

Most of the larger companies participate in an industry program where insurance shoppers enter their policy data once, and at least one company can provide price quotes based on the submitted data. This saves time by eliminating form submissions for each company you want a rate for.

To find out how much you’re overpaying now click here to start a free quote.

One minor caviat to pricing coverage this way is you are unable to specify the insurers to get pricing from. So if you want to choose from a list of companies to compare, we have assembled a list of companies who write insurance in your area. View list of insurance companies.

However you get your quotes, compare the exact same quote information for every company. If you are comparing different deductibles you will not be able to determine the best price for your Ford Expedition EL.

Save $429 a year? Really?

Consumers constantly see and hear ads for cheaper car insurance from the likes of GEICO, State Farm and Progressive. They all make an identical promise that you can save if you move your coverage to them.

But how can every company claim to save you money? This is how they do it.

All companies have a preferred profile for the driver that makes them money. An example of a preferred risk might be between the ages of 30 and 50, owns a home, and has a high credit rating. A customer who fits that profile will get very good rates and most likely will save quite a bit of money when switching.

Potential insureds who fall outside these standards will be quoted higher premiums and ends up with the driver buying from a lower-cost company. Company advertisements say “drivers who switch” not “everyone that quotes” save that much money. That’s why companies can make the claims of big savings.

This emphasizes why drivers must compare many company’s rates. It is impossible to predict which insurance company will provide you with the cheapest Ford Expedition EL insurance rates.

Discounts mean cheaper Ford Expedition EL insurance rates

Insurance can be prohibitively expensive, but discounts can save money and there are some available to help offset the cost. Certain discounts will be applied when you get a quote, but some may not be applied and must be asked for before you will receive the discount. If you don’t get every credit possible, you’re paying more than you need to.

  • Bundle and Save – If you insure your home and vehicles with the same insurance company you could get a discount of 10% to 20% off each policy.
  • Own a Home – Simply owning a home can save you money because owning a home shows financial diligence.
  • Safe Driver Discount – Insureds without accidents may receive a discount up to 45% less for Expedition EL coverage than their less cautious counterparts.
  • Drivers Ed for Students – Have your child take driver’s ed class if offered at their school.
  • College Student – Kids in college who live away from home and do not have access to a covered vehicle can receive lower rates.
  • Sign Online – Certain companies may give you up to $50 for buying your policy on their website.

It’s important to understand that some of the credits will not apply to your bottom line cost. Most only reduce individual premiums such as medical payments or collision. So when the math indicates having all the discounts means you get insurance for free, insurance coverage companies aren’t that generous. Any qualifying discounts will cut your premiums.

Car insurance companies that possibly offer these money-saving discounts include:

It’s a good idea to ask all companies you are considering which discounts they offer. All car insurance discounts might not apply in your area.

Tailor your coverage to you

When choosing the best car insurance coverage, there really is not a perfect coverage plan. Everyone’s needs are different and a cookie cutter policy won’t apply. For instance, these questions could help you determine if your insurance needs might need an agent’s assistance.

  • Should I carry comprehensive and collision coverage?
  • Do I have coverage when using my vehicle for my home business?
  • Do I need higher collision deductibles?
  • When can I cancel my policy?
  • Should I bundle my homeowners policy with my auto?
  • Does my liability insurance cover pulling a trailer or camper?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It only takes a few minutes and may give you better protection.

Specifics of your insurance policy

Understanding the coverages of insurance helps when choosing the right coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring. These are the normal coverages found on most insurance policies.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for things like funeral costs, prosthetic devices, surgery and chiropractic care. They can be utilized in addition to your health insurance program or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not available in all states and may carry a deductible

Auto liability insurance – This coverage can cover damage that occurs to people or other property in an accident. This coverage protects you from legal claims by others. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 50/100/50 which means $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Occasionally you may see a combined limit which provides one coverage limit without having the split limit caps.

Liability insurance covers things like attorney fees, repair bills for other people’s vehicles, structural damage, bail bonds and emergency aid. How much liability should you purchase? That is your choice, but you should buy as much as you can afford.

Comprehensive coverage – This coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like hail damage, a tree branch falling on your vehicle and rock chips in glass. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Ford Expedition EL.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Usually the UM/UIM limits are set the same as your liablity limits.

Collision coverage – This coverage will pay to fix damage to your Expedition EL resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against things such as colliding with a tree, damaging your car on a curb, scraping a guard rail and crashing into a building. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Pennies from heaven

We’ve covered many tips how you can compare 2008 Ford Expedition EL insurance prices online. It’s most important to understand that the more price quotes you have, the higher your chance of finding lower rates. You may be surprised to find that the lowest rates come from a small mutual company. They may cover specific market segments cheaper compared to the large companies like Progressive and GEICO.

Low-cost insurance can be bought on the web in addition to many insurance agents, so you should be comparing quotes from both to have the best selection. There are still a few companies who do not provide the ability to get a quote online and these small insurance companies work with independent agents.

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