2001 Ford Escape Insurance Cost – 5 Ideas for Cheaper Prices

Searching for better insurance prices for a new or used Ford Escape could be a painful process, but you can learn a few tricks and make it easy. There are more efficient ways to compare car insurance rates so we’re going to tell you the absolute fastest way to get price quotes for a new or used Ford and locate the cheapest rates from both online companies and local agents.

You should take the time to compare prices as often as possible because insurance prices are rarely the same from one policy term to another. If you had the lowest rate for Escape coverage last year other companies may now be cheaper. Block out anything you think you know about car insurance because you’re about to learn the proper way to save money, get proper coverage and the best rates.

Finding auto insurance

Getting a cheaper price on 2001 Ford Escape insurance can be relatively painless. The only requirement is to take time to get quotes from different insurance companies. It’s really simple and can be done using a couple different methods.

  • Probably the best way to find low rates is to use a rate comparison form click to view form in new window. This style of form saves time by eliminating separate quotes for every auto insurance company. A single, simple form gets coverage cost estimates instantly. It’s definitely the quickest method.
  • A more time consuming way to analyze rates requires a trip to the website for each individual company and complete a new quote form. For example, we’ll assume you need rates from State Farm, Farmers and Travelers. You would be required to go to each individual site and repeatedly enter your information, which can get old fast.

    To view a list of companies in your area, click here.

Take whichever approach you prefer, but make darn sure you compare apples-to-apples coverages and limits on every price quote you get. If you have unequal deductibles or liability limits it will be very difficult to determine the best price for your Ford Escape.

Can you really save that much by switching?

Consumers can’t get away from all the ads that claim the best rates by State Farm, GEICO and Progressive. They all seem to make the point that you’ll save big after switching your policy.

How does every auto insurance company give you a better price? Just pay attention to how they say it.

Companies require specific criteria for the type of customer that will generate a profit. One example of a profitable insured could possibly be over age 30, has other policies, and drives newer vehicles. Someone who matches that profile will get low car insurance rates and will probably pay quite a bit less when switching companies.

Potential insureds who do not match these criteria will get higher prices which usually ends up with business not being written. If you pay attention, the ads say “people who switch” not “all people who quote” will save that much if they switch. That is how insurance companies can make claims like that. Because each company has a different risk profile, you absolutely need to get insurance quotes from several different companies. Because without a comparison, you cannot know which auto insurance company will have the lowest rates.

Insurance policy discounts

Some insurers don’t necessarily list every discount they offer in an easy-to-find place, so the list below gives a summary of some of the more common as well as some of the hidden credits available to bring down your rates.

  • Sign Early and Save – Some insurance companies provide a discount for buying a policy before your current policy expires. You may see this discount when you get insurance quotes online.
  • Homeowners Savings – Simply owning a home can help you save on insurance because of the fact that having a home is proof of financial responsibility.
  • Save with More Vehicles Insured – Buying insurance for multiple cars with the same insurance company qualifies for this discount.
  • Telematics Devices – Drivers who elect to allow their insurance company to look at driving habits by using a small device installed in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system could save a few bucks if they show good driving skills.
  • Payment Discounts – If paying your policy premium upfront as opposed to paying monthly you can avoid monthly service charges.

As a disclaimer on discounts, some credits don’t apply to the overall cost of the policy. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like all those discounts means the company will pay you, insurance companies wouldn’t stay in business.

Some of the larger companies that may include many of the previously listed discounts possibly include:

Check with each company the best way to save money. Some of the earlier mentioned discounts might not apply in every state. To locate insurance companies who offer online insurance quotes, click here.

How do I know if I need professional advice?

When choosing coverage, there is no one size fits all plan. Each situation is unique.

For instance, these questions might help in determining if your situation would benefit from professional advice.

  • Do I pay less if my vehicle is kept in my garage?
  • How high should deductibles be on a 2001 Ford Escape?
  • Should I rate my 2001 Ford Escape as pleasure use or commute?
  • Is a fancy paint job covered?
  • What vehicles should carry emergency assistance coverage?
  • Is business property covered if stolen from my car?
  • Is pleasure use cheaper than using my 2001 Ford Escape to commute?
  • When would I need rental car insurance?
  • Should I buy full coverage?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Auto insurance policy specifics

Having a good grasp of your policy helps when choosing the right coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Collision insurance

This will pay to fix damage to your Escape caused by collision with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like sideswiping another vehicle, colliding with a tree, crashing into a ditch and crashing into a building. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. You can also bump up the deductible to bring the cost down.

Medical expense coverage

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses like funeral costs, prosthetic devices, chiropractic care and surgery. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Liability car insurance

Liability coverage provides protection from damage that occurs to a person or their property. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 100/300/100 that translate to $100,000 bodily injury coverage, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability insurance covers things such as funeral expenses, structural damage, medical expenses and legal defense fees. The amount of liability coverage you purchase is your choice, but you should buy as high a limit as you can afford.

Comprehensive protection

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things like fire damage, rock chips in glass, hitting a deer and damage from a tornado or hurricane. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered losses include medical payments for you and your occupants and damage to your 2001 Ford Escape.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family.

Make an honest buck

Insureds switch companies for any number of reasons including policy non-renewal, high prices, poor customer service or even lack of trust in their agent. Regardless of your reason, switching companies can be easier than you think.

You just learned many ways to lower your 2001 Ford Escape insurance rates. The most important thing to understand is the more price quotes you have, the better likelihood of getting low cost insurance. Drivers may discover the biggest savings come from an unexpected company.

Cheap 2001 Ford Escape insurance can be found online and with local insurance agents, and you should compare price quotes from both to have the best selection. Some companies do not offer price quotes online and these small, regional companies work with independent agents.

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