2002 Ford Expedition Car Insurance Cost

Are you at wits end from scraping nickels together to pay car insurance each month? You are in the same boat as many other consumers.

You have multiple car insurance companies to purchase coverage from, and even though it’s nice to have a choice, too many choices makes it more difficult to compare rates and cut insurance costs.

Consumers should take time to get comparison quotes occasionally due to the fact that insurance prices change quite often. Just because you had the lowest rates for Expedition coverage at your last renewal you will most likely find a better rate quote today. Forget all the misinformation about car insurance because you’re about to learn one of the best ways to save money, get proper coverage and the best rates.

Shopping for affordable insurance coverage is simple if you know the tricks. Essentially every driver who has to buy insurance will be able to find lower rates. Nevertheless, vehicle owners need to have an understanding of the way insurance companies market on the web.

Ways to get insurance coverage quotes

When comparison shopping, there are several ways to obtain and compare prices from many different insurance companies. The recommended way to do a complete rate comparison is to perform an online rate comparison. It’s really quite simple and can be done in a couple minutes as outlined below.

  1. The most recommended method to find low rates is a comparison rater form click here to open form in new window. This easy form prevents you from having to do separate quotes for each company you want a rate for. Filling out one form will get you rate comparisons from all major companies.
  2. A more difficult way to get comparison quotes is to take the time to go to each company’s website and go through the quote process again. For examples sake, let’s say you want comparison quotes from Farmers, Esurance and Progressive. You would need to spend time going to each site individually to input your insurance information, and that explains why we recommend the first method. For a list of links to insurance companies in your area, click here.

How you compare quotes is your choice, just be sure to compare equivalent coverage data for every quote you compare. If you compare different deductibles it will be impossible to make an equal comparison. Having just a slight variation in insurance coverages may result in a large different in cost. It’s important to know that more quotes provides better odds of finding a lower rate than you’re paying now. Some companies don’t provide quotes online, so you should also compare rates from them as well.

Can you really save that much by switching?

Big name companies like Allstate, Geico and Progressive endlessly run television and radio advertisements. All the companies seem to make the promise that people will save just by switching to them. It sounds good, but how can they all cost less than your current company?

Many companies have specific characteristics for the type of insured that earns them the most money. One example of a profitable customer could be over the age of 45, owns their home, and has a short commute. A customer that fits those parameters will get very good premium rates and as a result will probably save when switching.

Potential insureds who don’t meet those criteria will get a higher premium which leads to the customer buying from someone else. Company advertisements say “customers that switch” not “everybody who quotes” save that much money. That is how companies can truthfully make claims that they all have the best premium rates.

This really illustrates why you absolutely need to do a rate comparison at every renewal. It’s not possible to predict which company will have the lowest rates.

Components of your Ford Expedition insurance costs

An important part of buying insurance is that you know some of the things that aid in calculating auto insurance rates. If you have some idea of what positively or negatively impacts your premiums, this enables you to make decisions that could result in lower premium levels.

Listed below are some of the most common factors used by insurance companies to determine prices.

  • How your age affects costs – Mature drivers are more cautious drivers, cost insurance companies less in claims , and usually have better credit.Inexperience drivers have a tendency to be more careless when behind the wheel and because of this, their auto insurance rates are much higher.
  • Cheaper rates by bundling – Most larger insurance companies will award lower prices to clients that purchase more than one policy, otherwise known as a multi-policy discount. Discounts can amount to five, ten or even twenty percent. Even with this discount applied, you still need to comparison shop to verify if the discount is saving money. You may still find a better deal even if you insure with multiple companies
  • Too many insurance claims will drive auto insurance rates up – If you tend to file frequent claims, you should expect higher rates. Auto insurance companies award the lowest premiums to drivers who are not frequent claim filers. Your car insurance is designed for claims that you cannot pay yourself.
  • Buy as much liability as you can afford – Your policy’s liability coverage will protect you if a court rules you are at fault for causing personal injury or damage in an accident. Your policy’s liability insurance provides legal defense to attempt to prove you were not liable. Liability insurance is quite affordable compared to comp and collision, so drivers should buy more than the minimum limits required by law.

Get affordable auto insurance with discounts

Auto insurance is not an enjoyable expense, but you may find discounts to reduce the price significantly. Many of these discounts will be applied automatically when you get a quote, but some discounts are required to be manually applied before being credited.

  • Homeowners Discount – Simply owning a home can save a few bucks because it demonstrates responsibility.
  • Life Insurance – Some auto insurance companies give a discounted auto insurance rate on car insurance if you buy a life policy as well.
  • Safety Course Discount – Completing a defensive driving course is a good idea and can lower rates if you qualify.
  • Bundled Policy Discount – If you combine your auto and home policies with the same company you could save nearly 15% which can help you find affordable auto insurance.
  • Pay Upfront and Save – If you pay your entire premium ahead of time instead of making monthly payments you could save 5% or more.
  • Organization Discounts – Participating in a professional or civic organization could trigger savings when getting a auto insurance quote.
  • Good Students Pay Less – Excelling in school can earn a discount of 20% or more. Most companies allow this discount until age 25.
  • Use Seat Belts – Drivers who require all vehicle occupants to buckle their seat belts could cut 10% or more off the personal injury premium cost.
  • Braking Control Discount – Cars and trucks with ABS and/or traction control can stop better under adverse conditions and the ABS can save up to 10%.
  • College Student – Older children who live away from home at college and won’t have access to an insured vehicle could qualify for this discount.

A little note about advertised discounts, most discounts do not apply to the entire policy premium. Some only apply to specific coverage prices like comprehensive or collision. So when the math indicates you can get free auto insurance, that’s just not realistic.

A few popular companies and a summarized list of policyholder discounts can be read below.

  • State Farm offers premium reductions for Drive Safe & Save, multiple policy, anti-theft, accident-free, Steer Clear safe driver discount, and student away at school.
  • Progressive policyholders can earn discounts including homeowner, good student, online signing, multi-policy, and multi-vehicle.
  • Travelers offers discounts for student away at school, IntelliDrive, multi-car, hybrid/electric vehicle, continuous insurance, and new car.
  • American Family has savings for Steer into Savings, mySafetyValet, good student, defensive driver, air bags, and multi-vehicle.
  • Liberty Mutual may offer discounts for new vehicle discount, exclusive group savings, safety features, hybrid vehicle, and good student.

Check with every company which discounts you may be entitled to. Discounts may not apply in your area.

Tailor your insurance coverage coverage to you

When it comes to buying coverage, there isn’t really a cookie cutter policy. Everyone’s needs are different and your policy should reflect that. For instance, these questions might help in determining whether or not you might need professional guidance.

  • Can I get a multi-policy discount?
  • Is my nanny covered when driving my vehicle?
  • How much liability do I need to cover my assets?
  • Is a new car covered when I drive it off the dealer lot?
  • Do I need added coverage for expensive stereo equipment?
  • Is my custom paint covered by insurance?

If you can’t answer these questions, you might consider 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.

Specific coverages for a Ford Expedition

Understanding the coverages of a auto insurance policy can be of help when determining the best coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Below you’ll find the usual coverages found on the average auto insurance policy.

Comprehensive protection – Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as hitting a deer, vandalism and fire damage. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Ford Expedition.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Frequently these coverages do not exceed the liability coverage limits.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses such as pain medications, surgery and X-ray expenses. The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants in addition to getting struck while a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Collision – This coverage pays for damage to your Expedition resulting from a collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like hitting a mailbox, driving through your garage door and crashing into a building. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. You can also bump up the deductible to get cheaper collision coverage.

Liability coverage – Liability coverage will cover injuries or damage you cause to other people or property that is your fault. It protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 25/50/25 that translate to a limit of $25,000 per injured person, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers things like emergency aid, bail bonds and medical services. How much coverage you buy is your choice, but you should buy as large an amount as possible.

Buy online or local, you save

Affordable 2002 Ford Expedition insurance can be sourced both online and from local agencies, and you need to price shop both to have the best rate selection. Some insurance companies may not provide the ability to get quotes online and many times these regional insurance providers only sell coverage through independent agents.

We covered a lot of information how to get a better price on 2002 Ford Expedition insurance. The most important thing to understand is the more rate comparisons you have, the higher your chance of finding affordable auto insurance. Drivers may discover the best premium rates are with a small local company. These companies may often insure only within specific states and give getter rates than the large multi-state companies such as State Farm and Allstate.

Additional insurance information can be read on the following sites: