How Much Does 2007 Ford Escape Insurance Cost?

Want lower insurance rates for your Ford Escape? Are you a victim of an underperforming, overpriced insurance policy? It’s quite common and you’re not the only one.

Big companies like GEICO, Progressive and Allstate increase brand awareness with fancy advertisements and it can be hard to not get sucked in by the cute commercials and do the work needed to find the best deal.

You should take the time to compare premium rates as often as possible since insurance prices change quite often. Despite the fact that you may have had the lowest quotes on Escape insurance two years ago you can probably find a lower rate today. You can search a lot of insurance on the web, but in a few minutes you can learn some solid techniques on how to stop overpaying for insurance.

If you are paying for car insurance now, you should be able to lower your premiums substantially using these tips. Buying car insurance is not rocket science. But consumers must comprehend how big insurance companies market on the web because it can help you find the best coverage.

Get lower-cost auto insurance rates with discounts

Car insurance companies don’t list every possible discount in an easy-to-find place, so the below list has both well-publicized as well as the least known discounts that may be available.

  • Anti-lock Brakes – Cars and trucks equipped with ABS or steering control are much safer to drive and the ABS can save up to 10%.
  • Sign Online – Many companies will give you a small discount for buying a policy and signing up over the internet.
  • Active Military Service – Being on active duty in the military could qualify you for better rates.
  • Multiple Cars – Buying coverage for multiple vehicles on a single policy qualifies for this discount.
  • Low Mileage – Driving less can earn lower rates on the low mileage vehicles.
  • Own a Home – Owning your own home or condo may earn you a small savings because it is proof that your finances are in order.
  • Accident Waiver – Not a discount per se, but a handful of insurance companies will allow you to have one accident before they charge you more for coverage if you are claim-free prior to being involved in the accident.

Keep in mind that many deductions do not apply to the entire cost. Some only apply to the cost of specific coverages such as comprehensive or collision. Just because it seems like it’s possible to get free car insurance, it’s just not the way it works.

Larger auto insurance companies and the discounts they provide are:

  • Farm Bureau may offer discounts for youthful driver, safe driver, driver training, good student, 55 and retired, multi-policy, and renewal discount.
  • State Farm may have discounts that include student away at school, defensive driving training, Drive Safe & Save, Steer Clear safe driver discount, and multiple policy.
  • Progressive offers premium reductions for homeowner, online quote discount, continuous coverage, online signing, and good student.
  • Allstate offers discounts for anti-lock brakes, resident student, eSmart discount, new car, premier plus, and 55 and retired.
  • Nationwide offers discounts including good student, Farm Bureau membership, anti-theft, multi-policy, family plan, defensive driving, and easy pay.
  • MetLife has discounts for good driver, multi-policy, defensive driver, claim-free, and accident-free.

If you want cheap auto insurance quotes, ask every prospective company what discounts are available to you. Some of the discounts discussed earlier might not be offered on policies in your area. If you would like to choose from a list of auto insurance companies with discount auto insurance rates, click here.

Why you might pay inflated rates

Multiple criteria are considered when quoting car insurance. Some are pretty understandable such as traffic violations, but some are not quite as obvious such as whether you are married or how financially stable you are.

The itemized list below are just a few of the factors used by insurance companies to determine prices.

  • Cheaper to insure women? – The statistics show women are more cautious behind the wheel. However, this does not mean women are better drivers. Women and men cause auto accidents at a similar rate, but men tend to have higher claims. They also get cited for more serious violations like DUI and reckless driving. Young males are the most expensive to insure and are penalized with high auto insurance rates.
  • Cheaper prices using alarms and GPS tracking – Choosing a vehicle with advanced anti-theft systems can get you a discount on your auto insurance. Anti-theft devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping car theft.
  • How much liability protection – A critical coverage on your policy, liability insurance will provide protection if you are found liable for physical damage or personal injury to other. This coverage provides you with a defense in court starting from day one. It is affordable coverage compared to comp and collision, so drivers should carry high limits.
  • Lower rates come with age – More mature drivers are more responsible, statistically cause fewer accidents , and usually have better credit.Youthful drivers tend to be more careless behind the wheel so they pay higher auto insurance rates.
  • High credit scores equal low prices – Having a bad credit history is a large factor in determining what you pay. If your credit rating is low, you could be paying less to insure your 2007 Ford Escape by improving your credit score. Drivers who have high credit scores tend to be better risks to insure than drivers who have lower ratings.
  • Commute or pleasure use – The more you drive every year the higher your rates will be. Most companies calculate prices partially by how you use the vehicle. Autos that do not get driven very much cost less to insure as compared to vehicles used primarily for driving to work. Improper usage on your Escape is throwing money out the window. It’s a good idea to make sure your vehicle rating is showing the correct usage for each vehicle, because it can save money.

Tailor your car insurance coverage to you

When it comes to choosing the right insurance coverage, there really is no “perfect” insurance plan. Each situation is unique so your insurance needs to address that. For instance, these questions could help you determine whether or not you would benefit from professional advice.

  • What are the financial responsibility laws in my state?
  • Am I covered if I break a side mirror?
  • Am I covered by my spouse’s policy after a separation?
  • Am I insured when driving a different vehicle?
  • When should I not file a claim?
  • Does car insurance cover theft of personal property?

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Car insurance coverages for a Ford Escape

Understanding the coverages of insurance can be of help when determining the right coverages and the correct deductibles and limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Shown next are typical coverage types offered by insurance companies.

Medical expense coverage – Coverage for medical payments and/or PIP kick in for immediate expenses like doctor visits, prosthetic devices, chiropractic care, dental work and X-ray expenses. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Coverage for liability – This will cover injuries or damage you cause to a person or their property by causing an accident. This coverage protects you from claims by other people. It does not 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. Your policy might show values of 25/50/25 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability insurance covers things like bail bonds, court costs and funeral expenses. How much coverage you buy is your choice, but buy as large an amount as possible.

Comprehensive protection – This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as rock chips in glass, vandalism, fire damage and hitting a bird. The most a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured or underinsured coverage – This gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries and damage to your Ford Escape.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Collision coverages – This coverage pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for things such as sideswiping another vehicle, colliding with another moving vehicle, colliding with a tree and damaging your car on a curb. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Drivers also have the option to increase the deductible to bring the cost down.

Get your money’s worth

As you go through the steps to switch your coverage, don’t be tempted to buy lower coverage limits just to save a few bucks. There have been many situations where an accident victim reduced uninsured motorist or liability limits and learned later that it was a big error on their part. Your goal is to purchase plenty of coverage for the lowest cost while not skimping on critical coverages.

We covered some good ideas how to lower your 2007 Ford Escape insurance prices. The key thing to remember is the more rate quotes you have, the better your chances of lowering your rates. You may even find the lowest prices are with an unexpected company. They may only write in your state and offer lower rates compared to the large companies like State Farm, GEICO and Nationwide.

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