How Much Does 1998 Ford Expedition Insurance Cost?

Want lower auto insurance rates for your Ford Expedition? Are you overwhelmed by the wide range of auto insurance options? Many other consumers are too. There are so many companies to choose from that it can easily become a real hassle to find better rates.

You need to price shop coverage quite often since insurance rates are adjusted regularly by insurance companies. Even if you got the best rates on Expedition insurance two years ago you can probably find a lower rate today. Forget anything you know (or think you know) about auto insurance because I’m going to let you in on the secrets to the best way to find better coverage at a better price.

What determines your Ford Expedition insurance premium

Smart consumers have a good feel for the factors that go into determining the price you pay for insurance coverage. When you know what positively or negatively impacts premium levels allows you to make educated decisions that could result in lower insurance coverage prices.

Listed below are some of the factors companies use to determine premiums.

  • More miles equals more premium – The more miles you rack up on your Ford in a year’s time the more you’ll pay to insure your vehicle. Most insurance companies charge to insure your cars based upon how you use the vehicle. Autos not used for work or commuting qualify for better rates as compared to vehicles used primarily for driving to work. Ask your agent if your insurance coverage policy is showing how each vehicle is driven. Incorrect usage on your Expedition may be wasting your money.
  • Do you know you’re credit rating? – A driver’s credit rating is a large factor in determining what you pay for insurance coverage. Drivers with excellent credit tend to file fewer claims and have better driving records than drivers with lower credit scores. Therefore, if your credit rating can use some improvement, you could save money insuring your 1998 Ford Expedition by spending a little time repairing your credit.
  • Choose a safe vehicle and save – Vehicles with high crash test scores are cheaper to insure. The safest vehicles protect occupants better and better occupant protection means less money paid by your insurance company and more competitive rates for policyholders. If your Ford is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
  • Never go without insurance – Driving your car without having proper coverage is illegal and insurance coverage companies will penalize you for letting your coverage lapse. Not only will rates go up, but being ticketed for driving with no insurance will get you a hefty fine and possibly a revoked license.
  • Equipment add-ons that lower insurance coverage rates – Choosing a vehicle with an alarm system can get you a discount on your insurance coverage. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart auto theft.

Discounts are great for lower rates

Insuring your fleet can be pricey, buy you may qualify for discounts to help offset the cost. Most are applied at the time of quoting, but lesser-known reductions have to be requested specifically prior to receiving the credit.

  • Theft Prevention Discount – Vehicles with anti-theft systems are stolen less frequently and earn discounts up to 10%.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems can avoid accidents and therefore earn up to a 10% discount.
  • Pay Upfront and Save – If you pay your bill all at once instead of monthly or quarterly installments you could save up to 5%.
  • Driver Safety – Taking a defensive driving course can save you 5% or more depending on where you live.
  • Save with a New Car – Buying coverage on a new vehicle can be considerably cheaper since new cars are generally safer.
  • Seat Belts Save – Buckling up and requiring all passengers to use a seat belt can save up to 15% off your PIP or medical payments premium.
  • Accident Free – Drivers who don’t have accidents pay less when compared with frequent claim filers.
  • Safe Driver Discount – Insureds without accidents may save up to 50% more on Expedition insurance than drivers with accident claims.

Consumers should know that some credits don’t apply to your bottom line cost. Some only apply to individual premiums such as collision or personal injury protection. So even though they make it sound like having all the discounts means you get insurance for free, you’re out of luck. Any amount of discount will bring down your overall premium however.

A partial list of companies that may offer these discounts may include but are not limited to:

Double check with every prospective company which discounts you may be entitled to. Savings may not apply in every state.

You may need specialized coverage

When choosing the right insurance coverage, there isn’t really a cookie cutter policy. Everyone’s needs are different.

Here are some questions about coverages that may help you determine if your insurance needs would benefit from an agent’s advice.

  • Exactly who is provided coverage by my policy?
  • Is my state a no-fault state?
  • What is PIP insurance?
  • I don’t drive much so do I pay less?
  • What is the difference between comprehensive and collision coverage?
  • How much liability coverage do I need in my state?
  • If I drive on a suspended license am I covered?
  • Does liability extend to a camper or trailer?

If it’s difficult to answer those questions, you may need to chat with a licensed agent. If you want to speak to an agent in your area, fill out this quick form.

What insurance coverages do you need?

Knowing the specifics of your insurance policy helps when choosing the best coverages and proper limits and deductibles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording.

Uninsured and underinsured coverage

This coverage gives you protection from other drivers when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your Ford Expedition.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family. Normally these coverages are set the same as your liablity limits.

Collision coverage protection

Collision insurance covers damage to your Expedition caused by collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims such as backing into a parked car, crashing into a ditch, hitting a parking meter and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Drivers also have the option to bump up the deductible to bring the cost down.

Auto liability

Liability insurance provides protection from injuries or damage you cause to other’s property or people that is your fault. It protects you from claims by other people, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for claims such as court costs, structural damage and emergency aid. The amount of liability coverage you purchase is your choice, but consider buying as high a limit as you can afford.

Coverage for medical payments

Coverage for medical payments and/or PIP pay for immediate expenses like hospital visits, rehabilitation expenses, doctor visits and EMT expenses. They can be used in conjunction with a health insurance policy or if you do not have health coverage. They cover both the driver and occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

Comprehensive coverages

This will pay to fix damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like damage from a tornado or hurricane, hail damage, a tree branch falling on your vehicle and a broken windshield. The most your insurance company will pay is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

The best insurance company isn’t always the cheapest

Consumers leave their current company for a variety of reasons including delays in responding to claim requests, not issuing a premium refund, extreme rates for teen drivers and even policy cancellation. No matter why you want to switch, finding a new auto insurance company is less work than it seems.

Lower-priced 1998 Ford Expedition insurance can be purchased both online and also from your neighborhood agents, and you should compare price quotes from both so you have a total pricing picture. A few companies may not provide online price quotes and most of the time these small, regional companies sell through independent agents.

As you prepare to switch companies, make sure you don’t sacrifice coverage to reduce premiums. There are many occasions where drivers have reduced collision coverage and found out when filing a claim they didn’t have enough coverage. Your aim should be to buy enough coverage at the best price while not skimping on critical coverages.

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