Compare 2007 Ford Taurus Insurance Cost

Paying for pricey Ford Taurus insurance can take a big chunk out of your bank account and make it hard to pay other bills. Getting a rate comparison can be a smart way to slash your bill and have more diposable income.

Online insurance companies like Allstate, Progressive and GEICO continually hit you with ads and it is difficult to ignore the propoganda and take the time to shop coverage around.

It’s smart to compare rates as often as possible because insurance prices are rarely the same from one policy term to another. If you had the lowest rate on Taurus insurance six months ago there is a good chance you can find better premium rates now. Ignore everything you know about auto insurance because you’re about to find out how to use the internet to reduce your cost while improving coverage.

If you currently have a car insurance policy, you stand a good chance to be able to cut costs considerably using these techniques. Finding the best rates is easy if you know what you’re doing. But car owners must learn how companies market insurance on the web because it can help you find the best coverage.

How much is auto insurance?

To find the best auto insurance prices, there are several ways to get quotes from different insurance companies. By far the easiest way to find cheaper Ford Taurus rates involves getting comparison quotes online. This is quite simple and can be completed in a couple minutes as outlined below.

  • Hands down the most simple method consumers can make multiple comparisons is to use a rate comparison form click here to open form in new window. This style of form eliminates the need for separate quote forms for each company. One simple form compares rates instantly.
  • A slightly less efficient method to find lower rates is to take the time to go to the website for each individual company and repeat the quote process again and again. For example, let’s say you want to compare Liberty Mutual, Esurance and State Farm. You would have to go to every website and type in your information over and over, which is not fast way to get rate quotes. For a list of links to companies insuring cars in your area, click here.

The method you choose is up to you, but ensure you are comparing the same coverage limits for every company. If each company quotes differing limits you will not be able to find the best deal for your Ford Taurus. Having just a slight variation in insurance coverages or limits could skew the results. It’s important to know that comparing a large number of companies increases the change that you will find a lower rate than you’re paying now.

Can switching companies really save?

Big name companies like State Farm and Allstate constantly bombard you with ads on television and other media. They all advertise claims that you can save if you switch your policy. How does every company have lower policy pricing? Here is the trick they use.

Companies have a certain “appetite” for the type of insured that earns them the most money. A good example of a profitable risk profile could be between the ages of 40 and 55, has a clear driving record, and does not commute to work. Any customer who matches that profile will get the preferred prices and will also save when switching.

Potential insureds who are not a match for the requirements must pay a higher premium which usually ends up with the prospect going elsewhere. The trick is to say “customers that switch” but not “all drivers who get quotes” save money. That’s why insurance companies can confidently claim big savings.

Because of the profiling, it is so important to get price quotes at each policy renewal. Because you cannot predict which insurance companies will provide the lowest car insurance rates.

You may qualify for discounts

Companies offering auto insurance don’t always advertise every possible discount very well, so the below list has both the well known as well as some of the hidden ways to save on car insurance. If you’re not getting every credit you qualify for, you are not getting the best rate possible.

  • Sign Online – Some of the larger companies give back up to $50 shop insurance coverage online.
  • First Accident Forgiveness – This one is not really a discount per se, but some insurance companies will allow you to have one accident without the usual rate increase so long as you haven’t had any claims for a specific time period.
  • Seat Belt Discounts – Drivers who always wear seat belts and also require passengers to use their safety belts can save up to 15% off the PIP or medical payment premium.
  • Discount for Swiching Early – Some car insurance companies provide a discount for switching companies before your current policy expires. The savings is around 10%.
  • Smart Student Discounts – Maintaining excellent grades can earn a discount of 20% or more. The discount lasts until age 25.
  • Defensive Driving Course – Completing a course in driver safety can save you 5% or more depending on where you live.
  • Government Employees – Employees or retirees of the government may qualify for a discount when you quote insurance coverage on Taurus insurance depending on your company.
  • Auto/Home Discount – If you combine your auto and homeowners policies and place coverage with the same company you could earn a discount of up to 20% and get you low cost insurance coverage.
  • Telematics Discount – Insureds that choose to allow their company to monitor driving manner through the use of a telematics system like In-Drive from State Farm and Progressive’s Snapshot could save a few bucks if they have good driving habits.

You should keep in mind that most of the big mark downs will not be given to all coverage premiums. Some only reduce individual premiums such as comp or med pay. If you do the math and it seems like it’s possible to get free car insurance, nobody gets a free ride.

To find car insurance companies that offer the discounts shown above, click here.

There’s no such thing as the perfect auto insurance policy

When buying proper insurance coverage for your personal vehicles, there isn’t really a one size fits all plan. Every insured’s situation is different so your insurance needs to address that. For example, these questions may help highlight if you would benefit from professional advice.

  • Does insurance cover damages from a DUI accident?
  • Does my medical payments coverage pay my health insurance deductible?
  • Is my Ford Taurus covered if I use it for business?
  • I don’t drive much so do I pay less?
  • Is my state a no-fault state?
  • At what point should I drop full coverage?
  • Is my ex-spouse still covered by my policy?
  • Am I getting all the discounts available?
  • Does coverage extend to a rental car in a foreign country?
  • Is my vehicle covered by my employer’s policy when using it for work?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies.

Parts of your insurance policy

Knowing the specifics of a insurance policy helps when choosing the right coverages for your vehicles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverages found on most insurance policies.

Auto collision coverage

Collision coverage will pay to fix damage to your Taurus from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for claims like damaging your car on a curb, hitting a mailbox, crashing into a ditch, hitting a parking meter and sideswiping another vehicle. This coverage can be expensive, so consider removing coverage from older vehicles. Another option is to raise the deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage provide coverage for short-term medical expenses for things like dental work, EMT expenses, ambulance fees and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Liability insurance

Liability coverage will cover damages or injuries you inflict on other’s property or people. It protects you from claims by other people, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Occasionally you may see one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for claims like attorney fees, medical expenses and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but buy as large an amount as possible.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection when other motorists are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently these coverages do not exceed the liability coverage limits.

Comprehensive insurance

This covers damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like hitting a bird, vandalism, damage from flooding and damage from a tornado or hurricane. The most a insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Quote often and quote early

We just presented many ways to shop for 2007 Ford Taurus insurance online. The most important thing to understand is the more times you quote, the better chance you’ll have of finding low cost insurance coverage. Consumers may even find the biggest savings come from a company that doesn’t do a lot of advertising. Regional companies may often insure only within specific states and give getter rates than the large multi-state companies such as Progressive or GEICO.

As you quote insurance coverage, you should never buy less coverage just to save a little money. There are a lot of situations where someone sacrificed uninsured motorist or liability limits only to regret at claim time that it was a big mistake. The proper strategy is to find the BEST coverage for the lowest cost, but do not sacrifice coverage to save money.

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