View 2016 Ford Escape Insurance Cost

Are you confused by the wide range of auto insurance options? Many other consumers are too. You have so many companies to choose from that it can quickly become a ton of work to find the lowest price.

Buying affordable insurance can be fairly easy. Just about every vehicle owner who is required by state law to have insurance most likely will be able to find better rates. Nevertheless, car owners must comprehend how companies compete online and take advantage of how the system works.

Factors that can influence insurance rates for a Ford Escape

It’s important that you understand the factors that play a part in calculating your insurance rates. Knowing what impacts premium levels allows you to make educated decisions that can help you get much lower annual insurance costs.

  • Lower rates come with age – Teen drivers have a tendency to get distracted easily when driving so insurance rates are higher. If you’ve ever had to add a teenage driver to your insurance policy can break the bank. More mature drivers are more responsible, tend to file fewer claims and get fewer tickets.
  • Extra add-on coverages are wasting money – There are a ton of add-on coverages you can purchase on your Escape policy. Coverages for roadside assistance, better glass coverage and term life insurance are examples of these. These may sound like a good investment initially, but if they’re wasting money eliminate them to save money.
  • Males pay more for insurance – Statistics demonstrate that men are more aggressive behind the wheel. However, this does not mean men are worse drivers. They both have accidents at a similar rate, but the men have costlier accidents. Men also statistically receive more costly citations such as DWI and reckless driving. Youthful male drivers are most likely to cause an accident and therefore are the most expensive to insure.
  • Tickets mean higher rates – A bad driving record has a huge affect on how much you pay. Drivers with clean records receive lower rates compared to drivers with tickets. Just one moving violation may increase your cost by twenty percent. If you have flagrant violations such as hit and run, DWI or reckless driving convictions may find they need to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to keep their license.
  • Occupation reflects on rates – Jobs such as real estate brokers, architects and stock brokers tend to have the highest rates attributed to high stress levels and long work hours. On the other hand, occupations such as farmers, students and the unemployed receive lower rates for Escape coverage.
  • More than one policy can earn a discount – The majority of insurance companies will award you with lower prices to policyholders who carry more than one policy. It’s known as a multi-policy discount. Discounts can amount to 10 percent or more. Even with this discount, it’s still a good idea to shop around to make sure you are getting the best deal. Consumers may find a better deal by splitting coverages up.
  • More miles equals more premium – The more miles you rack up on your Ford in a year’s time the higher your rate. Most insurance companies rate vehicles based on how the vehicle is used. Cars that are left in the garage can get a lower rate than vehicles that are driven to work every day. Verify your insurance policy properly reflects how each vehicle is driven, because it can save money. If your policy improperly rates your Escape can cost quite a bit.
  • High numbers of claims are not good – Car insurance companies give better rates to drivers who do not file claims often. If you frequently file small claims, you can definitely plan on either a policy non-renewal or much higher rates. Car insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.

Save money by taking advantage of these discounts

Car insurance can cost a lot, buy you may qualify for discounts that many people don’t even know exist. Some trigger automatically when you get a quote, but lesser-known reductions have to be inquired about before being credited.

  • Save over 55 – If you qualify as a senior citizen, you can possibly qualify for a discount up to 10% for Escape coverage.
  • Auto/Life Discount – Larger companies have a break if you buy life insurance.
  • Military Rewards – Having a deployed family member may qualify for rate reductions.
  • Homeowners Discount – Owning a home may earn you a small savings because of the fact that having a home demonstrates responsibility.
  • Use Seat Belts – Buckling up and requiring all passengers to buckle their seat belts can save 10% or more off your medical payments premium.
  • Drive Safe and Save – Drivers who don’t get into accidents can get discounts for up to 45% lower rates for Escape coverage than drivers with accidents.
  • Resident Student – Youth drivers who attend school more than 100 miles from home and don’t have a car may qualify for this discount.
  • Air Bag Discount – Vehicles equipped with air bags or motorized seat belts can receive discounts of up to 25% or more.

Drivers should understand that most discount credits are not given the the whole policy. Some only apply to the cost of specific coverages such as medical payments or collision. Even though it may seem like you would end up receiving a 100% discount, it just doesn’t work that way. Any amount of discount will reduce the amount you have to pay.

To see a list of companies offering insurance coverage discounts, click this link.

When should I use an insurance agent?

When it comes to buying adequate coverage for your vehicles, there really is not a “best” method to buy coverage. Coverage needs to be tailored to your specific needs.

These are some specific questions may help highlight if you may require specific advice.

  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Are rock chip repairs covered?
  • What vehicles should carry emergency assistance coverage?
  • How does medical payments coverage work?
  • What discounts do I qualify for?
  • Can I afford to buy a different vehicle if my 2016 Ford Escape is totaled?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Can I get a multi-policy discount?
  • What is the minimum liability in my state?

If you’re not sure about those questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form.

Insurance coverage basics

Having a good grasp of your insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Auto liability insurance

Liability insurance can cover damages or injuries you inflict on people or other property. This insurance protects YOU from claims by other people, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three 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 translate to $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Another option is a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against things such as legal defense fees, attorney fees, court costs, bail bonds and medical services. How much coverage you buy is your choice, but consider buying as high a limit as you can afford.

Collision coverage

This pays for damage to your Escape from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision can pay for things such as rolling your car, scraping a guard rail, hitting a mailbox, sideswiping another vehicle and crashing into a building. This coverage can be expensive, so you might think about dropping it from vehicles that are older. It’s also possible to increase the deductible to get cheaper collision coverage.

Comprehensive protection

This will pay to fix damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like rock chips in glass, falling objects and a tree branch falling on your vehicle. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Medical expense coverage

Medical payments and Personal Injury Protection insurance pay for expenses for things like doctor visits, pain medications and dental work. The coverages can be used in conjunction with a health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Uninsured or underinsured coverage

This provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your Ford Escape.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Frequently these limits are similar to your liability insurance amounts.

One last thing about your coverage

People who switch companies do it for a variety of reasons including unfair underwriting practices, denial of a claim, high prices or even poor customer service. Regardless of your reason for switching companies, choosing a new company can be less work than you think.

We just covered a lot of information how to save on 2016 Ford Escape insurance. The key thing to remember is the more quotes you get, the better likelihood of reducing your rate. You may be surprised to find that the biggest savings come from a small mutual company.

As you go through the steps to switch your coverage, make sure you don’t buy less coverage just to save a little money. In many instances, someone sacrificed collision coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The proper strategy is to purchase a proper amount of coverage at a price you can afford, not the least amount of coverage.

Even more information can be read by following these links: