Lower Your 2001 Ford Escape Car Insurance Rates

Trying to find cheaper insurance coverage rates for your Ford Escape? I doubt anyone fancies paying their premiums for insurance coverage, especially when they know they could find better rates elsewhere.

Popular companies such as Allstate, Progressive and Geico increase brand awareness with TV and radio ads and it is difficult to ignore the flashy ads and find the best price available.

Consumers should take time to check insurance coverage prices before your policy renews because rates are usually higher with each renewal. Despite the fact that you may have had the best premium rates on Escape insurance at your last renewal there may be better deals available now. Block out anything you think you know about insurance coverage because we’re going to show you how to use online quotes to find lower rates on insurance coverage.

If you currently have car insurance, you will be able to cut costs considerably using these techniques. Choosing the best insurance company for you is easy if you know what you’re doing. Nevertheless, consumers do need to know how the larger insurance companies sell insurance online and use this information to your advantage.

Insurance coverage companies offer lots of discounts

Some insurers do not list all possible discounts in an easy-to-find place, so the list below details some of the best known and the harder-to-find discounts you could be receiving when you buy insurance coverage online.

  • Low Mileage Discounts – Low mileage vehicles can qualify you for lower premium rates on the low mileage vehicles.
  • Discounts for Safe Drivers – Insureds without accidents may receive a discount up to 45% on Escape insurance than less cautious drivers.
  • Buy New and Save – Insuring a vehicle that is new can save up to 30% since new vehicles have better safety ratings.
  • Sign Early and Save – A few insurance companies offer discounts for renewing your policy prior to your current policy expiration. You can save around 10% with this discount.
  • Military Deployment Discount – Having a deployed family member could qualify you for better insurance coverage rates.
  • Anti-lock Brake System – Cars and trucks with ABS braking systems or traction control can avoid accidents so you can save 10 percent or more.
  • 55 and Retired – Seniors may qualify for a discount up to 10% on Escape insurance.
  • Pay Now and Pay Less – If paying your policy premium upfront rather than spreading payments over time you could save up to 5%.
  • E-sign – Many insurance companies may give you up to $50 get insurance coverage digitally online.

As a disclaimer on discounts, many deductions do not apply the the whole policy. Some only apply to the price of certain insurance coverages like medical payments or collision. Even though the math looks like all those discounts means the company will pay you, it just doesn’t work that way. But all discounts will help lower your overall premium however.

Large insurance coverage companies and a selection of discounts can be read below.

  • State Farm offers discounts for driver’s education, safe vehicle, passive restraint, multiple policy, accident-free, Drive Safe & Save, and good driver.
  • Geico may offer discounts for driver training, seat belt use, five-year accident-free, military active duty, multi-policy, and multi-vehicle.
  • Progressive offers discounts including continuous coverage, homeowner, good student, online quote discount, and multi-policy.
  • 21st Century policyholders can earn discounts including student driver, early bird, air bags, driver training, theft prevention, and anti-lock brakes.
  • American Family has savings for mySafetyValet, air bags, Steer into Savings, bundled insurance, good student, TimeAway discount, and good driver.
  • The Hartford has discounts for driver training, good student, defensive driver, anti-theft, and vehicle fuel type.
  • AAA offers premium reductions for education and occupation, good student, multi-policy, multi-car, anti-theft, good driver, and pay-in-full.

When comparing rates, check with all the companies which discounts you may be entitled to. Savings might not be available to policyholders in every state. If you would like to choose from a list of insurers that provide some of the discounts listed above, follow this link.

How car insurance companies determine Ford Escape insurance premiums

A large part of saving on insurance coverage is knowing the rating factors that help calculate your policy premiums. If you have a feel for what determines premiums, this allows you to make good choices that can help you get lower insurance coverage prices.

The list below includes just a few of the factors that factor into prices.

  • Low deductibles cost more – Physical damage deductibles define how much you are willing to pay in the event of a claim. Coverage for physical damage, also known as collision and other-than-collision, covers damage that occurs to your car. Some examples of claims that would be covered could be colliding with a stationary object, damage from fire, and damage from wind. The more the insured is willing to pay, the less your insurance coverage will be on Escape insurance.
  • Premiums are high for teenagers – Older insureds are more responsible, tend to file fewer claims .Inexperience drivers are known to be careless and easily distracted when driving with friends so insurance coverage rates are higher.
  • The higher your credit rating the lower your premiums – A driver’s credit rating is a big factor in calculating your insurance coverage rates. If your credit could use some work, you could potentially save money when insuring your 2001 Ford Escape by spending a little time repairing your credit. Insureds with excellent credit scores tend to be more responsible and file fewer claims than those with lower credit scores.
  • More traffic means higher claims – Having an address in a rural area has definite advantages if you are looking for the lowest rates. Less people living in that area means a lower chance of having an accident in addition to fewer liability claims. Urban drivers have more aggressive driving styles and longer commute times. Longer commute distances means more chance of being in an accident.

Do I just need basic coverages?

When buying proper insurance coverage, there really is not a cookie cutter policy. Everyone’s needs are different and a cookie cutter policy won’t apply. Here are some questions about coverages that can help discover whether you might need an agent’s assistance.

  • Do I pay less for low miles?
  • What are the best liability limits?
  • Is business property covered if stolen from my car?
  • If my pet gets injured in an accident are they covered?
  • Does my policy pay for OEM or aftermarket parts?
  • Are split liability limits better than a combined single limit?

If you’re not sure about those questions but a few of them apply, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies.

Insurance coverage breakdown

Understanding the coverages of your policy can be of help when determining which coverages you need for your vehicles. Insurance terms can be ambiguous and reading a policy is terribly boring. These are the usual coverages offered by insurance companies.

Uninsured and underinsured coverage

This coverage provides protection when other motorists do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Ford Escape.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Liability coverage

Liability coverage can cover damages or injuries you inflict on people or other property by causing an accident. This insurance protects YOU from legal claims by others. It does not cover your injuries or vehicle damage.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 50/100/50 which stand for a $50,000 limit per person for injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Occasionally you may see one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability can pay for claims like structural damage, funeral expenses, bail bonds, attorney fees and emergency aid. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Collision coverage

Collision coverage pays for damage to your Escape resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like rolling your car, sustaining damage from a pot hole and colliding with another moving vehicle. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Comprehensive coverages

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for claims like vandalism, hitting a deer and theft. The most you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for bills like doctor visits, X-ray expenses, chiropractic care and rehabilitation expenses. The coverages can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. It covers you and your occupants and will also cover getting struck while a pedestrian. PIP is not an option in every state and may carry a deductible

A fool and his money are soon parted

As you restructure your insurance plan, it’s very important that you do not buy lower coverage limits just to save a few bucks. Too many times, an insured cut liability coverage limits and learned later that the small savings ended up costing them much more. Your objective should be to purchase plenty of coverage at an affordable rate while not skimping on critical coverages.

We just showed you a lot of techniques to reduce 2001 Ford Escape insurance car insurance rates online. The key thing to remember is the more rate quotes you have, the higher your chance of finding cheaper insurance coverage. Consumers could even find that the lowest car insurance rates come from the smaller companies. These smaller insurers often have lower premium rates on specific markets than their larger competitors like Geico and State Farm.

Even more information is available at these sites: