View 2001 Ford Expedition Insurance Cost

Trying to find better insurance rates for your Ford Expedition? Trying to come up with a payment for expensive insurance can sap your savings account and possibly require postponing other expenditures. Shopping your coverage around is recommended to slash your bill and have more diposable income.

You have multiple car insurance companies to purchase coverage from, and although it’s a good thing to have multiple companies, so many choices can make it hard to compare company pricing.

The method we recommend to compare rates takes advantage of the fact most insurance companies allow for online access to give rate comparisons. The only thing you need to do is provide a small amount of information such as if your license is active, the make and model of your vehicles, if you require a SR-22, and whether your vehicle is owned or leased. That rating data is instantly sent to multiple different insurance companies and they return cost estimate immediately.

How car insurance companies determine Ford Expedition insurance costs

Lots of factors are part of the equation when you get your auto insurance bill. Some of the criteria are obvious like your driving record, but other criteria are more obscure like where you live or how safe your car is.Consumers need to have an understanding of some of the things that help determine your policy premiums. When you understand what controls the rates you pay, this enables informed choices that will entitle you to cheaper rates.

Listed below are some of the most common factors used by your company to calculate your rate level.

  • Discounts for auto and home policies – Most larger car insurance companies apply a discount to customers who consolidate policies with them in the form of a multi-policy discount. Even with this discount applied, it’s always a smart idea to compare other company rates to verify if the discount is saving money. Consumers may save more without the discount even if you have your coverage with different companies
  • Safety ratings are a factor – Safe vehicles cost less to insure. Safe vehicles have better occupant injury protection and better occupant protection means lower claim amounts which can result in lower premiums. If your Ford earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may pay a lower rate.
  • Filing insurance claims can cost you – If you’re an insured who likes to file claims you can definitely plan on much higher rates or policy non-renewal. Car insurance companies award lower rates to insureds who are not frequent claim filers. Auto insurance is designed for the bigger claims that can’t be paid out-of-pocket.
  • Experienced drivers pay less – Mature drivers have been proven to be more responsible, cause fewer claims and accidents and are safer drivers.Inexperience drivers have a tendency to be careless and easily distracted when behind the wheel therefore car insurance rates are much higher.
  • Women tend to take less risk – Over the last 50 years, statistics have shown that women are safer drivers than men. However, don’t assume that males are worse at driving than females. Both genders get in auto accidents at a similar rate, but men have costlier accidents. Men also get higher numbers of serious violations like DUI and reckless driving. Youthful male drivers cause the most accidents and thus pay the highest rates.

These discounts can lower your insurance coverage rates

Companies that sell car insurance don’t list all possible discounts in an easy-to-find place, so we took the time to find some of the more common as well as the least known insurance coverage savings.

  • Discount for Good Grades – Maintaining excellent grades can save 20 to 25%. You can use this discount normally up to age 25.
  • Low Mileage Discounts – Driving less may enable drivers to earn lower insurance coveragerates on the low mileage vehicles.
  • ABS and Traction Control Discounts – Vehicles that have anti-lock braking systems can avoid accidents and earn discounts up to 10%.
  • Drive Safe and Save – Drivers without accidents may receive a discount up to 45% on Expedition insurance compared to accident prone drivers.
  • Full Payment Discount – By paying your policy upfront rather than paying monthly you could save up to 5%.
  • Distant Student – Children who are enrolled in higher education away from home and do not take a car to college may be able to be covered for less.
  • Discount for Home Ownership – Owning your own home or condo may earn you a small savings because owning a home is proof of financial responsibility.

As a sidenote, some credits don’t apply to your bottom line cost. The majority will only reduce individual premiums such as physical damage coverage or medical payments. So when the math indicates you could get a free insurance coverage policy, insurance companies wouldn’t stay in business.

A few of the larger companies and their possible discounts are detailed below.

  • State Farm offers discounts for Steer Clear safe driver discount, multiple autos, driver’s education, safe vehicle, and good student.
  • GEICO has discounts for multi-vehicle, military active duty, anti-lock brakes, air bags, seat belt use, good student, and federal employee.
  • Liberty Mutual has savings for new vehicle discount, teen driver discount, new graduate, multi-policy, preferred payment discount, and safety features.
  • The Hartford offers premium reductions for good student, anti-theft, vehicle fuel type, bundle, driver training, and defensive driver.
  • MetLife offers discounts including claim-free, multi-policy, accident-free, good student, and good driver.
  • Progressive may have discounts that include multi-policy, multi-vehicle, continuous coverage, online signing, good student, online quote discount, and homeowner.

Before you buy a policy, ask all the companies what discounts are available to you. Discounts may not be offered in your area. To choose insurers that provide some of the discounts listed above, follow this link.

Different people need different insurance coverages

When it comes to choosing adequate coverage for your personal vehicles, there really is no cookie cutter policy. Everyone’s needs are different and your policy should reflect that. For example, these questions could help you determine whether you will benefit from professional help.

  • How much underlying liability do I need for an umbrella policy?
  • Why am I required to get a high-risk car insurance policy?
  • Why do I only qualify for high-risk insurance?
  • Where can I find high-risk insurance?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Will my rates increase for filing one claim?
  • What is UM/UIM insurance?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area. It’s fast, free and can provide invaluable advice.

Information about specific coverages

Learning about specific coverages of a insurance policy can be of help when determining which coverages you need and proper limits and deductibles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverages offered by insurance companies.

Medical expense coverage

Med pay and PIP coverage reimburse you for bills for doctor visits, X-ray expenses and surgery. They can be used in conjunction with a health insurance policy or if you do not have health coverage. They cover you and your occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Collision coverage protection

Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things like crashing into a building, scraping a guard rail and sideswiping another vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible to get cheaper collision coverage.

Liability car insurance

This protects you from damage or injury you incur to a person or their property in an accident. It protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 50/100/50 which stand for a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability can pay for claims such as repair costs for stationary objects, bail bonds, repair bills for other people’s vehicles, emergency aid and legal defense fees. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive protection

Comprehensive insurance will pay to fix damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like rock chips in glass, hitting a bird, vandalism and fire damage. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Uninsured or underinsured coverage

This provides protection when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as damage to your Ford Expedition.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

And the best car insurance company is…

You just learned many tips how you can save on 2001 Ford Expedition insurance. The key concept to understand is the more times you quote, the higher your chance of finding cheap insurance coverage. You may even discover the best rates are with a smaller regional carrier. Regional companies can often provide lower car insurance rates in certain areas as compared to the big name companies such as Progressive or GEICO.

As you restructure your insurance plan, don’t be tempted to reduce needed coverages to save money. There have been many cases where drivers have reduced collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. Your objective should be to purchase plenty of coverage at the best cost.

Helpful information