Cheap 2003 Ford Escape Car Insurance Rates

Searching for lower car insurance rates? Consumers have options when looking for affordable Ford Escape insurance. They can either waste time calling around to get rate comparisons or leverage the internet to make rate comparisons.

There is a better way to shop for car insurance so you’re going to learn the proper way to compare rates for a new or used Ford and get the best price possible from local insurance agents and online providers.

It’s smart to compare premium rates occasionally because car insurance rates are constantly changing. Just because you had the best deal for Escape coverage a few years ago a different company probably has better prices today. There is too much inaccurate information about car insurance online but you can learn some excellent ideas to find affordable car insurance.

How insurers calculate Ford Escape insurance costs

The best way to find cheaper car insurance is to take a look at the rating factors that play a part in calculating the level of your policy premiums. When consumers understand what determines base rates, this allows you to make educated decisions that may reward you with lower rates.

  • Safer occupants lowers car insurance rates – Vehicles with high crash test scores get lower rates. Safer cars result in less severe injuries and fewer serious injuries means less claims paid which can result in lower premiums.
  • Don’t skimp on liability protection – Your policy’s liability coverage is the coverage that protects you when you are determined to be liable for physical damage or personal injury to other. Your policy’s liability insurance provides for a legal defense which can be incredibly expensive. Liability insurance is quite affordable when compared with rates for comp and collision, so do not skimp.
  • Do you qualify for a multi-policy discount? – Some companies apply better rates to policyholders who have multiple policies with them in the form of a multi-policy discount. Discounts can be ten or even up to twenty percent in some cases. If you currently are using one company, you may still want to check prices from other companies to verify if the discount is saving money.
  • A good credit rating can save money – A driver’s credit history can be a huge factor in determining what you pay for car insurance. Insureds that have good credit tend to be more responsible than drivers who have poor credit. So if your credit score leaves room for improvement, you may save money insuring your 2003 Ford Escape if you clean up your credit.
  • Keep car insurance claims to a minimum – If you tend to file frequent claims, you can definitely plan on either higher rates or even cancellation. Insurance companies give lower rates to people that do not abuse their auto insurance. Your insurance policy is designed for more catestrophic claims.
  • Insurance rates in urban areas – Residing in areas with lower population has definite advantages when buying car insurance. Residents of big cities regularly have more traffic problems and higher rates of accident claims. Fewer people means reduced accidents and a lower car theft rate.
  • Lower premiums with alarms and GPS tracking – Driving a car with a theft deterrent system can save you some money. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent your vehicle from being stolen.
  • Insurance is expensive for younger drivers – Inexperience drivers are statistically shown to be inattentive and easily distracted with other occupants in the car therefore car insurance rates are much higher. Adding a youthful driver to your policy can break the bank. Older drivers are shown to be more cautious, cause fewer claims and accidents and receive fewer citations.

How to find the cheapest insurance

Finding low cost 2003 Ford Escape insurance rates can be surprisingly simple. You just have to take a few minutes getting comparison quotes to find out which insurance company has the cheapest insurance quotes. Shoppers can get rates by following the guidelines below.

  • The recommended way consumers can analyze rates is a comparison rater form like this one (opens in new window). This easy form prevents you from having to do a different quote to each individual insurance company. Completing one form will get you price quotes from many national carriers. Just one form and you’re done.
  • A different way to find lower rates consists of going to each individual company website and fill out their own quote form. For instance, we’ll assume you want to compare State Farm, Esurance and Liberty Mutual. In order to get each rate, you would have to go to every website and repeatedly enter your information, which is not fast way to get rate quotes. For a handy list of car insurance company links in your area, click here.
  • The hardest method to compare rates is making phone calls or going to insurance agents’ offices. Doing it all online eliminates the need for an insurance agent unless you want the peace of mind that only a licensed agent can provide. You can, however, comparison shop your insurance online and still use a local agent.

Whichever way you use, make sure you compare equivalent coverage limits and deductibles for each quote you get. If each company quotes different liability limits it’s impossible to find the best deal for your Ford Escape.

Big brands don’t always mean big savings

Drivers can’t escape the ads that claim the cheapest prices by 21st Century, Allstate and State Farm. They all seem to make the point that you’ll save big if you just switch your coverage to them.

That’s great but how can every company make almost identical claims? Just pay attention to how they say it.

Many companies look for specific characteristics for the type of driver that makes them money. An example of this type of insured could possibly be over the age of 40, owns a home, and has great credit. Any driver who fits those characteristics receives the best premium rates and therefore will save if they switch.

Potential customers who don’t measure up to the requirements will get a higher premium which leads to the customer buying from someone else. The ad wording is “people that switch” not “all people who quote” save that much. This is how insurance companies can confidently make those statements.

Different companies use different criteria so you really need to compare free insurance quotes often. Because you cannot predict which insurance companies will have the lowest rates.

Discounts for cheaper auto insurance rates

Not many people think insurance is cheap, but you might find some hidden discounts that can help lower your rates. Larger premium reductions will be automatically applied at the time of purchase, but a few must be specifically requested prior to getting the savings. If they aren’t giving you every credit you deserve, it’s possible you qualify for a lower rate.

  • Paperwork-free – Some of the larger companies will provide an incentive just for signing your application on the internet.
  • Homeowners Savings – Just owning your own home can save a few bucks due to the fact that maintaining a home means you have a higher level of financial diligence.
  • Save with More Vehicles Insured – Purchasing coverage when you have all your vehicles with the same auto insurance company qualifies for this discount.
  • Good Student – Being a good student can save 20 to 25%. The discount lasts until age 25.
  • Memberships – Being in a professional or civic organization is a good way to get lower rates on your bill.
  • Military Rewards – Having a deployed family member could mean lower premium rates.
  • Defensive Driver Discount – Completing a driver safety course could earn you a small percentage discount if you qualify.
  • Anti-theft System – Cars and trucks equipped with tracking devices and advanced anti-theft systems are stolen less frequently and can earn a small discount on your policy.
  • Life Insurance Discount – Select insurance carriers reward you with a small discount if you purchase some life insurance too.
  • College Student Discount – Kids who are attending college and do not have access to a covered vehicle can be insured at a reduced rate.

A quick disclaimer, many deductions do not apply to the entire cost. Most only cut the cost of specific coverages such as medical payments or collision. Even though it appears adding up those discounts means a free policy, insurance companies wouldn’t stay in business.

Larger auto insurance companies and a partial list of their discounts can be read below.

  • State Farm has discounts for safe vehicle, driver’s education, multiple policy, multiple autos, Drive Safe & Save, defensive driving training, and passive restraint.
  • GEICO offers discounts for driver training, good student, emergency military deployment, federal employee, seat belt use, multi-policy, and daytime running lights.
  • Allstate may have discounts that include FullPay discount, premier discount, auto/life discount, utility vehicle, and good payer.
  • SAFECO offers discounts including drive less, teen safe driver, teen safety rewards, anti-lock brakes, multi-car, safe driver, and accident prevention training.
  • Farm Bureau discounts include driver training, renewal discount, 55 and retired, multi-policy, safe driver, and multi-vehicle.
  • Progressive may include discounts for online signing, continuous coverage, multi-vehicle, online quote discount, multi-policy, and homeowner.
  • AAA policyholders can earn discounts including multi-car, AAA membership discount, multi-policy, education and occupation, and anti-theft.

If you are trying to find cheaper insurance quotes, ask each company which discounts you may be entitled to. Some of the discounts discussed earlier might not be offered in your area.

You may need specialized insurance coverage coverage

When buying coverage, there isn’t really a cookie cutter policy. Every insured’s situation is different.

For instance, these questions can help discover if you may require specific advice.

  • Do I need added coverage for expensive stereo equipment?
  • If I drive on a suspended license am I covered?
  • Can my teen drive my company car?
  • Am I covered when delivering products for my home-based business?
  • Should I bundle my homeowners policy with my auto?
  • What is the minimum liability in my state?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form. It’s fast, doesn’t cost anything and may give you better protection.

Auto insurance coverage basics

Understanding the coverages of your policy helps when choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be confusing and coverage can change by endorsement.

Uninsured/Underinsured Motorist coverage

This coverage gives you protection from other motorists when they either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your Ford Escape.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Normally these coverages are similar to your liability insurance amounts.

Collision coverage

Collision insurance will pay to fix damage to your Escape resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like colliding with another moving vehicle, damaging your car on a curb and rolling your car. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Another option is to bump up the deductible to get cheaper collision coverage.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for chiropractic care, nursing services, funeral costs, dental work and rehabilitation expenses. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers both the driver and occupants as well as any family member struck as a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Liability coverages

Liability coverage can cover injuries or damage you cause to other people or property in an accident. This insurance protects YOU from claims by other people. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 that means you have $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Another option is one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers claims like medical services, attorney fees, repair bills for other people’s vehicles, pain and suffering and court costs. How much liability coverage do you need? That is a decision to put some thought into, but consider buying higher limits if possible.

Comprehensive coverage

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like damage from getting keyed, a tree branch falling on your vehicle, falling objects and hitting a bird. The most your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Don’t be a big spender

While you’re price shopping online, never skimp on coverage in order to save money. There are many occasions where an accident victim reduced liability coverage limits only to regret that their decision to reduce coverage ended up costing them more. Your strategy should be to buy enough coverage for the lowest price and still be able to protect your assets.

Consumers switch companies for a variety of reasons including unfair underwriting practices, denial of a claim, delays in responding to claim requests or questionable increases in premium. It doesn’t matter why you want to switch switching companies can be pretty painless.

Some insurance companies may not offer rates over the internet and usually these regional insurance providers only sell coverage through independent insurance agencies. Cheaper insurance is definitely available online as well as from independent agents, so compare prices from both to have the best selection.

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