Searching for cheaper auto insurance rates for your Ford Escape? If price shopping auto insurance quotes online is new to you, you can be confused due to the large selection of auto insurance companies offering insurance.
It is always a good idea to get comparison quotes as often as possible because rates are adjusted regularly by insurance companies. Just because you had the best premium rates for Escape insurance two years ago a different company probably has better prices today. Forget all the misinformation about auto insurance because you’re about to learn the only way to lower your rates without sacrificing coverage.
Buying more affordable coverage is not that difficult. Essentially anyone who is required by state law to have auto insurance will be able to cut their insurance bill. But car owners can benefit from knowing how insurance companies price insurance differently.
Some insurers don’t always publicize all possible discounts very well, so below is a list some of the more common and also the lesser-known savings tricks you should be using when you buy auto insurance online.
Keep in mind that some credits don’t apply to your bottom line cost. Some only reduce the price of certain insurance coverages like comprehensive or collision. Even though it may seem like it’s possible to get free car insurance, company stockholders wouldn’t be very happy.
If you would like to choose from a list of insurance companies who offer cheap insurance coverage quotes, follow this link.
Performing a rate comparison is a ton of work if you don’t know the easiest way. You can waste a lot of time discussing policy coverages with insurance companies in your area, or you could use the internet to get rates in a matter of minutes.
Many companies enroll in a system where prospective buyers submit one quote, and at least one company then gives them pricing based on the submitted data. This eliminates the need for quotation requests to each individual insurance coverage company. To get comparison pricing now click here (opens in new window).
The single downside to using this type of system is you are unable to specify the insurers to receive prices from. So if you prefer to pick specific providers to receive pricing from, we have a listing of companies who write insurance coverage in your area. Click to view list.
However you get your quotes, ensure you are comparing the same quote information with every price quote. If you have different coverage information you will not be able to determine the best price for your Ford Escape. Slightly different coverage limits could skew the results. And when quoting insurance coverage, remember that comparing a wide range of rates increases your odds of finding the best offered rates. Not every company provides online rate quotes, so it’s important to also get quotes on coverage from those companies, too.
Consumers need to have an understanding of the rating factors that go into determining the level of your policy premiums. If you have a feel for what determines base rates, this enables you to make decisions that could result in big savings.
The following are just a few of the factors that factor into your rates.
When buying the best car insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Every insured’s situation is different.
For example, these questions may help you determine whether you may require specific advice.
If it’s difficult to answer those questions then you might want to talk to a licensed agent. To find an agent in your area, take a second and complete this form.
Well-known insurance companies like Allstate, GEICO and Progressive constantly bombard you with ads on television and other media. All the ads make an identical promise of big savings if you move your insurance policy to them. How is it possible that every company can charge lower premium rates? Here is the trick they use.
Most companies can use profiling for a prospective insured that will be a good risk. For example, a driver they prefer should be a female over age 40, has never had a claim, and does not commute to work. Any new insured that matches those criteria will probably get cheap car insurance rates and will save if they switch.
Insureds who are not a match for those standards may be forced to pay higher prices and the driver buying from a lower-cost company. The ads state “drivers that switch” not “all people who quote” save that much money. This is how companies can truthfully lure you into getting a quote.
This illustrates why drivers should compare quotes as often as possible. It’s just not possible to know with any certainty which company will provide you with the cheapest rates.
Having a good grasp of your insurance policy helps when choosing the right coverages for your vehicles. Insurance terms can be impossible to understand and coverage can change by endorsement.
Comprehensive insurance – This coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive can pay for things such as a broken windshield, falling objects and damage from getting keyed. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
Auto liability insurance – Liability coverage can cover injuries or damage you cause to people or other property that is your fault. It protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Another option is one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.
Liability coverage protects against claims such as loss of income, attorney fees and bail bonds. How much liability coverage do you need? That is a personal decision, but you should buy higher limits if possible.
Coverage for uninsured or underinsured drivers – Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.
Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Normally these limits do not exceed the liability coverage limits.
Collision coverage – Collision insurance will pay to fix damage to your Escape resulting from a collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.
Collision insurance covers claims such as hitting a mailbox, backing into a parked car, sustaining damage from a pot hole and driving through your garage door. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to save money on collision insurance.
Coverage for medical expenses – Med pay and PIP coverage pay for bills such as chiropractic care, X-ray expenses and hospital visits. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and also covers any family member struck as a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage
There are still a few companies who do not provide the ability to get a quote online small, regional companies work with independent agents. Cheap 2013 Ford Escape insurance can be purchased from both online companies as well as from insurance agents, and you should compare rates from both to get a complete price analysis.
When buying insurance coverage, it’s not a good idea to buy less coverage just to save a little money. In too many instances, consumers will sacrifice full coverage only to regret that the savings was not a smart move. The ultimate goal is to buy the best coverage you can find for the lowest cost, but don’t skip important coverages to save money.
We just covered a lot of tips how to reduce 2013 Ford Escape insurance auto insurance rates online. The key concept to understand is the more times you quote, the better likelihood of getting the cheapest auto insurance. Drivers may discover the best price on car insurance is with a small mutual company.
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