Locating low-cost insurance for a new or used Ford Taurus can be a painful process, but you can learn a few tricks to save time.
There are more efficient ways to compare insurance coverage rates so you’re going to learn the quickest way to compare rates for a new or used Ford and locate the best price possible from both online companies and local agents.
It’s a good idea to do price comparisons once or twice a year because rates are constantly changing. Even if you got the lowest premium rates for Taurus insurance a few years ago you may be paying too much now. Forget anything you know (or think you know) about insurance coverage because you’re about to learn the quickest way to reduce your cost while improving coverage.
Insurance can cost an arm and a leg, but you may find discounts to cut the cost considerably. Many of these discounts will be applied automatically when you get a quote, but a few must be asked about prior to receiving the credit.
As a footnote on discounts, most discounts do not apply to the entire policy premium. Most only apply to specific coverage prices like comprehensive or collision. So even though you would think you would end up receiving a 100% discount, it doesn’t quite work that way.
If you would like to choose from a list of insurance coverage companies with the best discounts, click this link.
Reducing your 2002 Ford Taurus insurance rates is not rocket science. Drivers just need to invest a few minutes comparing price quotes online with multiple companies. Comparing prices online can be done in a couple of different ways.
You can choose any of those ways to find more affodable coverage, but ensure you’re using equivalent coverages on every quote. If each company quotes differing limits it will be impossible to find the best deal for your Ford Taurus.
When choosing coverage, there is no single plan that fits everyone. Everyone’s situation is unique.
Here are some questions about coverages that could help you determine if your insurance needs might need professional guidance.
If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to a licensed agent. If you want to speak to an agent in your area, simply complete this short form. It only takes a few minutes and may give you better protection.
Consumers can’t get away from ads that claim the cheapest rates by companies like Allstate, Geico and Progressive. They all advertise claims that people will save just by moving your auto insurance policy to them.
How does every company charge you a lower premium? You have to listen carefully.
All the different companies have a certain “appetite” for the driver that earns them a profit. One example of a preferred risk might be described as over the age of 35, has a low-risk occupation, and has a short commute. Any customer who matches those parameters receives the best car insurance rates and will probably save a lot if they switch.
Potential insureds who may not quite match the “perfect” profile will see higher prices and this results in business not being written. If you pay close attention to the ads, they say “drivers who switch” but not “everyone who gets a quote” can get the lowest rates when switching. That is how companies can truthfully make claims like that.
This emphasizes why you really should do a quote comparison often. It’s not possible to predict which insurance companies will have the lowest car insurance rates for your situation.
Learning about specific coverages of your car insurance policy can help you determine the best coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and reading a policy is terribly boring.
Liability – This protects you from damages or injuries you inflict on a person or their property that is your fault. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 50/100/50 which means a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.
Liability coverage protects against things such as repair bills for other people’s vehicles, loss of income and medical services. How much coverage you buy is your choice, but consider buying higher limits if possible.
Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses such as X-ray expenses, pain medications, hospital visits, dental work and rehabilitation expenses. They can be used in conjunction with a health insurance plan or if you lack health insurance entirely. They cover all vehicle occupants and also covers being hit by a car walking across the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage
Collision coverages – This pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for things such as sustaining damage from a pot hole, crashing into a building, sideswiping another vehicle, rolling your car and backing into a parked car. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.
Uninsured and underinsured coverage – Your UM/UIM coverage gives you protection when other motorists either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your 2002 Ford Taurus.
Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important. Normally these limits are identical to your policy’s liability coverage.
Comprehensive coverages – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims like rock chips in glass, hitting a deer, damage from flooding, damage from a tornado or hurricane and vandalism. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.
We just presented some good ideas how you can compare 2002 Ford Taurus insurance premium rates online. The most important thing to understand is the more price quotes you have, the better chance you’ll have of finding inexpensive insurance coverage. You may be surprised to find that the biggest savings come from an unexpected company.
As you quote insurance coverage, never skimp on critical coverages to save a buck or two. In many cases, someone dropped full coverage to discover at claim time that it was a big mistake. Your strategy should be to purchase plenty of coverage at the best possible price while still protecting your assets.
Drivers who switch companies do it for any number of reasons including being labeled a high risk driver, high rates after DUI convictions, not issuing a premium refund or even an unsatisfactory settlement offer. It doesn’t matter what your reason, finding a great new company can be easy and end up saving you some money.