Cheaper 2015 Ford Escape Insurance Cost

Tired of being strong-armed to pay your car insurance bill each month? You’re in the same situation as many other drivers.

Big-name insurance companies like GEICO, 21st Century and Progressive constantly blast consumers with advertising and consumers find it hard to ignore the flashy ads and find the best price available.

You should take the time to get comparison quotes at least once a year since insurance rates change frequently. Even if you think you had the lowest rates for Escape insurance two years ago there may be better deals available now. Block out anything you think you know about insurance coverage because you’re about to find out the easiest way to reduce your cost while improving coverage.

If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using these tips. Choosing the best insurance company for you is not that difficult. Although car owners benefit from understanding how companies determine prices and use this information to your advantage.

Why your Ford Escape insurance rates may be high

It’s important that you understand the different types of things that come into play when calculating the price you pay for insurance coverage. Having a good understanding of what impacts premium levels empowers consumers to make smart changes that could result in big savings.

The list below includes a partial list of the pieces used by your company to calculate premiums.

  • More than one policy can earn a discount – Some insurance companies provide better rates to policyholders who consolidate policies with them. It’s known as a multi-policy discount. Discounts can add up to 10 percent or more. Even with this discount, you still need to shop around to confirm you are receiving the best rates possible.
  • Do you know your deductibles? – Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, protects your Ford from damage. Examples of covered claims are collision with another vehicle, vandalism, and windstorm damage. The deductibles are the amount of money you are required to spend before your insurance coverage pays a claim. The more expense you’re willing to pay, the less your company will charge you for insurance for Escape insurance.
  • Proper usage rating affects rates – The higher the mileage driven each year the higher your rate. Most companies charge to insure your cars determined by how the vehicle is used. Autos not used for work or commuting receive lower rates than those used for commuting. Ask your agent if your insurance coverage declarations sheet properly reflects the correct usage for each vehicle, because improper ratings can cost you money. If your policy improperly rates your Escape may be wasting your money.
  • Discounts for married couples – Having a spouse helps lower the price on your insurance coverage policy. Having a spouse usually means you are more responsible and statistics show being married results in fewer claims.
  • More people means more accidents – Residing in small towns and rural areas can save you money when buying insurance coverage. Less people living in that area translates into fewer accidents as well as less vandalism and auto theft. City drivers tend to have traffic congestion and a longer drive to work. Longer commute distances means more change of being in an accident.
  • Little extras can really add up – There are many extra bells and whistles you can purchase if you aren’t careful. Things like vanishing deductibles, better glass coverage and additional equipment coverage may be wasting your money. These may sound like a good investment at first, but now you might not need them so remove them from your policy.
  • Safer cars are cheaper to insure – Vehicles with high crash test scores can get you lower premiums. Safe vehicles result in less severe injuries and any reduction in injury severity means lower claim amounts and lower rates for you. If your Ford scored better than four stars on Safercar.gov it is probably cheaper to insure.
  • Liability coverage protects you – Liability coverage provides coverage if ever a jury decides you are 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 when compared with rates for comp and collision, so drivers should carry high limits.

Save big with these discounts

Companies don’t necessarily list all available discounts very clearly, so we break down some of the more common and the harder-to-find ways to save on auto insurance.

  • Passive Restraints and Air Bags – Factory air bags can receive discounts of up to 25% or more.
  • Seat Belt Usage – Drivers who require all occupants to use their safety belts could cut 10% or more off the personal injury premium cost.
  • Multiple Cars – Buying coverage for all your vehicles on one policy could earn a price break for each car.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles prevent accidents and will save you 10% or more.
  • One Accident Forgiven – Some insurance companies allow you one accident before your rates go up if you are claim-free for a particular time prior to the accident.

Consumers should know that some of the credits will not apply the the whole policy. Some only reduce the price of certain insurance coverages like liability, collision or medical payments. Just because it seems like having all the discounts means you get insurance for free, you won’t be that lucky.

Companies that possibly offer some of the above discounts may include but are not limited to:

Double check with each company which discounts you may be entitled to. All car insurance discounts may not apply in every state.

But I don’t know anything about car insurance

When it comes to choosing coverage, there is no one size fits all plan. Everyone’s situation is a little different and your policy should reflect that. For instance, these questions might help in determining whether you may require specific advice.

  • Should I sign the liability waiver when renting a car?
  • Do I have newly-aquired coverage?
  • Are there companies who specialize in insuring high-risk drivers?
  • Do all my vehicles need collision coverage?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Will my rates increase for filing one claim?
  • I have a DUI can I still get coverage?
  • Do I have coverage when making deliveries for my home business?
  • How does medical payments coverage work?
  • Is a fancy paint job covered?

If you don’t know the answers to these questions, you may need to chat with a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier

Educate yourself about auto insurance coverages

Knowing the specifics of a auto insurance policy can help you determine which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. These are typical coverages available from auto insurance companies.

Auto liability insurance

Liability coverage can cover injuries or damage you cause to people or other property by causing an accident. It protects YOU from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability insurance covers claims such as structural damage, emergency aid and pain and suffering. How much liability coverage do you need? That is a decision to put some thought into, but buy higher limits if possible.

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your Ford Escape.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Comprehensive protection

This covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like hitting a deer, hitting a bird and fire damage. The most your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Coverage for collisions

This will pay to fix damage to your Escape resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers things like backing into a parked 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 8 years or older. You can also raise the deductible to get cheaper collision coverage.

Medical expense coverage

Coverage for medical payments and/or PIP kick in for bills like X-ray expenses, surgery, chiropractic care, EMT expenses and ambulance fees. The coverages can be utilized in addition to your health insurance plan or if you lack health insurance entirely. They cover both the driver and occupants and will also cover getting struck while a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Best coverage at the best price

The cheapest 2015 Ford Escape insurance can be purchased online as well as from independent agents, so you should compare both in order to have the best price selection to choose from. Some companies don’t offer online price quotes and many times these small, regional companies only sell through independent insurance agents.

As you go through the steps to switch your coverage, make sure you don’t reduce needed coverages to save money. There are a lot of situations where an accident victim reduced liability coverage limits and learned later that saving that couple of dollars actually costed them tens of thousands. Your goal should be to get the best coverage possible at a price you can afford while still protecting your assets.

In this article, we presented a lot of techniques to get a better price on insurance. The key concept to understand is the more companies you get rates for, the more likely it is that you will get a better rate. Consumers could even find that the most savings is with some of the smallest insurance companies. Regional companies may have significantly lower rates on certain market segments than their larger competitors like Allstate, GEICO and Progressive.

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