Lower Your 2014 Ford Taurus Insurance Cost

Trying to find better auto insurance rates for your Ford Taurus? Paying for high-priced Ford Taurus insurance can overdraw your savings account, especially in this economy. Comparison shopping is a great way to cut your insurance bill.

You have multiple auto insurance companies to purchase coverage from, and even though it’s nice to have a choice, too many choices makes it more difficult to adequately compare rates.

It’s a good habit to take a look at other company’s rates at least once a year since insurance rates are usually higher with each renewal. Even if you think you had the lowest rates for Taurus insurance six months ago there may be better deals available now. There is a lot of bad information regarding auto insurance on the web, but we’re going to give you the best ways to quit paying high auto insurance rates.

Be sure to get all your discounts

Auto insurance companies don’t necessarily list all available discounts in an easy-to-find place, so the following is a list of both well-publicized and the harder-to-find savings tricks you should be using.

  • Resident Student – Any of your kids living away from home attending college and do not have access to a covered vehicle may qualify for this discount.
  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems help deter theft and earn discounts up to 10%.
  • Accident Forgiveness – Certain companies will allow you to have one accident before hitting you with a surcharge if your claims history is clear for a certain period of time.
  • Passive Restraint Discount – Factory air bags can get savings of 20% or more.
  • Homeowners Discount – Being a homeowner can save you money because owning a home requires personal responsibility.
  • Drivers Education – Make teen driver coverage more affordable by requiring them to take driver’s ed class in high school.
  • E-sign – A handful of insurance companies will give a small break for buying a policy and signing up online.

Drivers should understand that most discounts do not apply to the overall cost of the policy. Some only apply to individual premiums such as medical payments or collision. Just because it seems like it’s possible to get free car insurance, you won’t be that lucky.

Insurance companies that possibly offer these money-saving discounts include:

Before buying, ask each insurance company which discounts they offer. Some discounts might not apply in every state.

Compare the Market for Insurance

Comparing insurance rates is a ton of work if you don’t know the best way to get rate quotes. You can waste hours driving to local insurance agents in your area, or you can stay home and use online quotes to accomplish the same thing much quicker.

Most car insurance companies take part in a program where insurance shoppers complete one form, and each company can provide price quotes for coverage. This saves time by eliminating quotation requests for each company.

To find out what other companies charge for 2014 Ford Taurus insurance click here to start a free quote.

The one downside to pricing coverage this way is buyers cannot specifically choose which insurance companies you will receive quotes from. If you wish to select specific providers to compare rates, we have a listing of companies who write insurance in your area. View list of insurance companies.

It’s your choice how you get your quotes, but ensure you are comparing the exact same coverages on every quote. If your comparisons have unequal deductibles or liability limits it will be impossible to find the best deal for your Ford Taurus. Just a small difference in coverages can result in a big premium difference. And when comparing insurance rates, know that having more price comparisons will improve the odds of getting better pricing.

Factors that can influence Ford Taurus insurance rates

Smart consumers have a good feel for some of the elements that come into play when calculating insurance rates. Understanding what impacts premium levels helps enable you to make changes that could result in much lower annual insurance costs.

  • Do you need those extra coverages? – There are a ton of extra bells and whistles that can waste your money if you aren’t careful. Things like personal injury protection, accident forgiveness and additional equipment coverage may be wasting your money. They may seem good initially, but now you might not need them so remove them from your policy.
  • Clean credit earns discounts – Having a bad credit score is a large factor in your rate calculation. If your credit score is lower than you’d like, you could save money insuring your 2014 Ford Taurus by improving your credit score. Consumers who have excellent credit tend to be less risk to insure than drivers with poor credit.
  • Pleasure use or commuting – The more miles you rack up on your Ford in a year the more you’ll pay to insure your vehicle. Almost all companies rate vehicles based on their usage. Cars not used for work or commuting qualify for better rates than those used for commuting. Ask your agent if your insurance policy is showing how each vehicle is driven. Incorrect usage on your Taurus can cost quite a bit.
  • Liability coverage protects you – Liability insurance is the coverage that protects you if you are found to be at fault for causing damage or personal injury in an accident. Liability insurance provides legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so do not cut corners here.

How do I know if I need professional advice?

When buying adequate coverage, there isn’t really a “perfect” insurance plan. Every insured’s situation is different and a cookie cutter policy won’t apply. For instance, these questions can help discover whether your personal situation will benefit from professional help.

  • Why does it cost so much to insure a teen driver?
  • Do I have coverage if my license is suspended?
  • How much liability insurance is required?
  • Does my 2014 Ford Taurus need full coverage?
  • Do I need to file an SR-22 for a DUI in my state?
  • What are the financial responsibility laws in my state?
  • Do I need an umbrella policy?
  • Is motorclub coverage worth it?

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

Insurance coverages and their meanings

Having a good grasp of your policy helps when choosing appropriate coverage and proper limits and deductibles. Insurance terms can be ambiguous and reading a policy is terribly boring. These are typical coverage types available from insurance companies.

Collision insurance

This coverage pays for damage to your Taurus from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for things like rolling your car, hitting a mailbox and scraping a guard rail. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. It’s also possible to raise the deductible to get cheaper collision coverage.

Comprehensive insurance

This coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as hitting a bird, damage from a tornado or hurricane, theft and hail damage. The maximum amount a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for things like pain medications, hospital visits and EMT expenses. The coverages can be utilized in addition to your health insurance plan 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. PIP is not universally available but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your Ford Taurus.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Liability auto insurance

This coverage provides protection from damage or injury you incur to other people or property by causing an accident. It protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery.

Liability coverage protects against claims like funeral expenses, legal defense fees, medical expenses, repair costs for stationary objects and pain and suffering. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Save your cold hard cash

When buying insurance coverage, do not skimp on critical coverages to save a buck or two. There are a lot of situations where drivers have reduced uninsured motorist or liability limits only to discover later that the few dollars in savings costed them thousands. The ultimate goal is to purchase plenty of coverage at the best price while not skimping on critical coverages.

Throughout this article, we presented quite a bit of information on how to lower your 2014 Ford Taurus insurance rates. It’s most important to understand that the more times you quote, the better likelihood of reducing your rate. Drivers may discover the lowest priced auto insurance comes from a company that doesn’t do a lot of advertising. Some small companies may often insure only within specific states and give getter rates compared to the large companies like Allstate, GEICO and Progressive.

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