2018 Ford Taurus Insurance Cost – 8 Tricks for Cheaper Prices

Locating budget-priced car insurance on the web may be somewhat difficult for drivers who are beginners to quoting and comparing rates and buying car insurance on the internet. With so many online companies, how are we expected to efficiently compare each option to find cheaper car insurance prices?

Choosing the best insurance company for you is not rocket science. If you are paying for car insurance now, you will be able to cut costs considerably using this strategy. But drivers do need to learn how the larger insurance companies compete online and use this information to your advantage.

How to buy insurance online

There are a lot of ways you can shop for insurance but there is one way that is more efficient than others. You can spend your afternoon talking to insurance companies in your area, or you could use online quotes for quick rates.

All the larger companies enroll in a system that enables customers to enter their policy data once, and each company then returns a price quote based on that data. This system prevents you from having to do quote forms for each company.

To get comparison pricing now click here to open in new window.

The one disadvantage to pricing coverage this way is buyers cannot specifically choose which insurance companies to get quotes from. If you would rather choose from a list of companies for rate comparison, we put together a list of companies who write insurance in your area. Click here for list of insurance companies.

Compare rates however you want, just double check that you are using the same coverage information with every price quote. If you are comparing different deductibles you can’t possibly determine the best price for your Ford Taurus. Slightly different coverage limits can result in a big premium difference. It’s important to know that obtaining a wide range of quotes will enable you to find lower pricing. Not every company does rate quotes online, so it’s necessary to compare price estimates from the smaller companies as well.

Drivers who switch save $437 a year? Really?

Big name companies like 21st Century, Allstate and State Farm consistently run ads in print and on television. All the companies advertise claims that drivers will save a bundle if you move your auto insurance policy to them. That’s great but how can every company give you a lower rate?

Companies can use profiling for the type of driver that earns them a profit. For example, a driver they prefer might be described as over age 30, has never had a claim, and the vehicle is rated for pleasure use. Any person who meets those qualifications receives the best car insurance rates and therefore will save quite a bit of money when switching.

Potential insureds who are not a match for this ideal profile will probably be forced to pay higher premium rates which translates to the prospect going elsewhere. If you listen closely, the ads state “drivers that switch” not “everyone who quotes” can get the lowest rates when switching. That’s why companies can state the savings. This illustrates why you really need to get as many free insurance quotes as possible. You cannot predict which auto insurance company will have the best prices at this point in time.

More affordable rates with these eight insurance coverage discounts

Some companies don’t necessarily list every disount available in an easy-to-find place, so the list below contains a few of the more well known and the more hidden savings tricks you should be using when you buy insurance online. If you are not receiving all the discounts you deserve, you are throwing money away.

  • Air Bags and Passive Restraints – Vehicles with factory air bags and/or automatic seat belt systems may earn rate discounts as much as 30%.
  • Own a Home and Save – Owning a home can earn you a little savings because owning a home demonstrates responsibility.
  • Defensive Driver – Taking time to complete a course teaching driver safety skills could save 5% or more and easily recoup the cost of the course.
  • Telematics Data – Drivers who agree to allow companies to scrutinize when and where they use their vehicle by using a small device installed in their vehicle such as State Farm’s In-Drive could possibly reduce rates if they are good drivers.
  • Active Military Service – Being on active deployment in the military could mean lower premium rates.
  • Theft Deterent System – Cars equipped with tracking devices and advanced anti-theft systems are less likely to be stolen and that can save you a little bit as well.
  • Fewer Miles Equal More Savings – Low annual miles can qualify you for better insurance coveragerates on cars that stay parked.
  • Federal Government Employee – Simply working for the federal government could cut as much as 10% off for Taurus insurance depending on your insurance coverage provider.

Discounts reduce rates, but you should keep in mind that some of the credits will not apply to your bottom line cost. Most only reduce individual premiums such as liability and collision coverage. Just because it seems like you could get a free insurance coverage policy, you’re out of luck.

Companies and some of the premium reductions they offer are outlined below.

  • State Farm may offer discounts for Steer Clear safe driver discount, student away at school, good student, good driver, and defensive driving training.
  • American Family has savings for good student, Steer into Savings, good driver, air bags, mySafetyValet, and defensive driver.
  • AAA policyholders can earn discounts including good student, multi-policy, AAA membership discount, pay-in-full, and education and occupation.
  • GEICO may include discounts for multi-policy, federal employee, seat belt use, air bags, multi-vehicle, driver training, and emergency military deployment.
  • Mercury Insurance offers discounts for ease of repair, multi-car, type of vehicle, age of vehicle, accident-free, and professional/association.
  • Farmers Insurance may have discounts that include switch companies, teen driver, distant student, bundle discounts, and good student.
  • Progressive discounts include multi-policy, online quote discount, online signing, good student, multi-vehicle, and continuous coverage.

When getting a coverage quote, ask each company how you can save money. Depending on the company, some discounts might not be offered in your area.

Insurance coverage can get complicated

When it comes to buying proper insurance coverage for your personal vehicles, there isn’t really a best way to insure your cars. Every situation is different.

For example, these questions may help highlight whether you would benefit from professional advice.

  • Do I need PIP coverage since I have good health insurance?
  • Is motorclub coverage worth it?
  • Should I sign the liability waiver when renting a car?
  • Do I have coverage when pulling a U-Haul trailer?
  • Do I pay less for low miles?
  • Is a blown tire covered by insurance?
  • Am I covered if I wreck a rental car?
  • Do I need replacement cost coverage on my 2018 Ford Taurus?
  • What is covered by UM/UIM coverage?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to an agent. To find an agent in your area, fill out this quick form.

Parts of your car insurance policy

Understanding the coverages of your policy helps when choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring.

Liability insurance

This coverage can cover damage or injury you incur to people or other property in an accident. This insurance protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 50/100/50 which stand for a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage protects against things such as medical expenses, repair costs for stationary objects, court costs, repair bills for other people’s vehicles and attorney fees. The amount of liability coverage you purchase is a personal decision, but you should buy as high a limit as you can afford.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP provide coverage for immediate expenses for dental work, surgery, ambulance fees, nursing services and doctor visits. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers you and your occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and damage to your 2018 Ford Taurus.

Due to the fact that 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 very important.

Auto collision coverage

Collision insurance pays for damage to your Taurus from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like sustaining damage from a pot hole, colliding with a tree, sideswiping another vehicle and hitting a parking meter. Collision is rather expensive coverage, so consider removing coverage from older vehicles. You can also bump up the deductible to get cheaper collision coverage.

Comprehensive insurance

Comprehensive insurance covers damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as a broken windshield, damage from a tornado or hurricane, hail damage and theft. The maximum amount your car insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Quote often and quote early

People leave their current company for a number of reasons such as lack of trust in their agent, extreme rates for teen drivers, questionable increases in premium or not issuing a premium refund. It doesn’t matter why you want to switch finding a new company is easier than you think.

When trying to cut insurance costs, do not buy lower coverage limits just to save a few bucks. There have been many cases where someone sacrificed liability limits or collision coverage only to discover later they didn’t have enough coverage. Your goal is to find the BEST coverage at the lowest possible cost, but do not skimp to save money.

Throughout this article, we presented a lot of tips how to get a better price on 2018 Ford Taurus insurance. It’s most important to understand that the more price quotes you have, the higher the chance of saving money. You may even discover the biggest savings come from some of the smallest insurance companies.

Additional detailed information is located in these articles: