Pretty sure you bought an overpriced auto insurance policy? Believe me, many Laredo consumers feel financially strained by their auto insurance policy.
It’s safe to assume that auto insurance companies want to keep you from comparing rates. Drivers who compare rates once a year are very likely to switch auto insurance companies because of the good chance of finding a more affordable policy. A recent study showed that consumers who did price comparisons regularly saved on average $860 a year compared to drivers who never compared prices.
If finding budget-friendly Ford Escape insurance is your target objective, learning the best way to quote and compare car insurance can save time and money.
How to buy low-cost Ford Escape insurance in Laredo
It takes a few minutes, but the best way to find discount Ford Escape insurance in Laredo is to begin comparing prices regularly from different companies who sell insurance in Texas.
Step 1: Get an understanding of the different coverages in a policy and the changes you can make to lower rates. Many rating criteria that cause rate increases like traffic tickets, fender benders, and your credit history can be controlled by being financially responsible and driving safely.
Step 2: Compare prices from direct, independent, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like Progressive or Farmers Insurance, while agents who are independent can quote rates for many different companies. View rates
Step 3: Compare the new quotes to the premium of your current policy to see if a cheaper price is available. If you can save some money, make sure there is no lapse between the expiration of your current policy and the new one.
The critical component of shopping around is to try to use the same physical damage deductibles and liability limits on every quote and and to get prices from as many companies as feasibly possible. This helps ensure a fair rate comparison and a better comparison of the market.
With so many insurance providers from which to choose, it can be hard to find the cheapest insurance company.
It is always a good idea to get comparison quotes once or twice a year because insurance rates are adjusted regularly by insurance companies. Even if you think you had the lowest premium rates on Ford Escape insurance in Laredo two years ago there may be better deals available now. There is lot of inaccurate information about Escape insurance on the web, but we’re going to give you some great ideas on how to find affordable auto insurance in Laredo.
Choosing the best rates in Laredo is quite easy if you know the best way to do it. If you already have coverage or need a new policy, take advantage of these tips to reduce the price you pay without sacrificing coverage. Smart buyers just have to use the quickest way to shop for insurance from multiple carriers.
Ford Escape insurance statistics and information
The data table displayed next outlines a range of insurance prices for Ford Escape models. Being able to understand how insurance prices are calculated can help you make smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Escape XLS 2WD | $220 | $420 | $366 | $22 | $110 | $1,138 | $95 |
| Escape XLS 4WD | $220 | $420 | $366 | $22 | $110 | $1,138 | $95 |
| Escape XLT 2WD | $220 | $420 | $366 | $22 | $110 | $1,138 | $95 |
| Escape Limited 2WD | $254 | $420 | $366 | $22 | $110 | $1,172 | $98 |
| Escape XLT 4WD | $254 | $420 | $366 | $22 | $110 | $1,172 | $98 |
| Escape Limited 4WD | $254 | $512 | $366 | $22 | $110 | $1,264 | $105 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Rates do not factor in Laredo location which can impact prices noticeably.
The illustration below demonstrates how choosing different deductibles and can increase or decrease Ford Escape annual premium costs for each different age category. The data assumes a single female driver, full physical damage coverage, and no discounts are applied.
Male drivers versus female drivers
The example below compares Ford Escape auto insurance rates for male and female drivers. Data assumes no violations or accidents, full physical damage coverage, $250 deductibles, drivers are single, and no discounts are factored in.
Price comparison of only insuring for liability
The example below shows the comparison of Ford Escape insurance rates when comparing full coverage to liability only. Data assumes no violations or claims, $1,000 deductibles, single status, and no discounts are applied to the premium.
When to stop buying comprehensive and collision coverage
There is no definitive guideline for dropping full coverage, but there is a general convention. If the annual cost of coverage is more than about 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.
For example, let’s say your Ford Escape book value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $7,000 after paying your policy deductible. If it’s costing in excess of $700 annually for your policy with full coverage, then it could be time to drop full coverage.
There are a few situations where dropping physical damage coverage is not recommended. If you still have a lienholder on your title, you have to maintain full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.
Good Decisions Result in Lower Insurance Prices
One of the most helpful ways to save on car insurance is to to have a grasp of the rating factors that play a part in calculating the price you pay for car insurance. If you have a feel for what positively or negatively impacts your premiums, this allows you to make educated decisions that can help you get big savings.
Rate your vehicle for proper use – The higher the miles on your Ford in a year’s time the more it will cost to insure it. A lot of companies calculate rates based upon how the vehicle is primarily used. Vehicles left parked in the garage receive better premium rates than those used for commuting. A policy that improperly rates your Escape may be costing you higher rates. Double check that your car insurance policy properly reflects how each vehicle is driven, because improper ratings can cost you money.
When should you file car insurance claims? – Insurance companies in Texas provide cheaper rates to policyholders that do not abuse their auto insurance. If you file claims often, you can definitely plan on higher premiums or even policy non-renewal. Insurance coverage is intended for claims that you cannot pay yourself.
Prevent theft and save money – Owning a car with advanced anti-theft systems can get you a discount on your car insurance. Systems that thwart thieves like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart car theft and help bring rates down.
Your spouse saves you money – Your spouse may cut your premiums on your car insurance bill. Having a significant other usually means you are more responsible and statistics prove drivers who are married are more cautious.
Insurance loss data for Ford Escape vehicles – Insurers analyze past claim statistics to determine a price that will be profitable for them. Vehicles that the statistics show to have higher loss trends will cost more for specific coverages. The information below illustrates the insurance loss data used by companies for Ford Escape vehicles.
For each insurance policy coverage type, the loss probability for all vehicles, as an average, equals 100. Values under 100 suggest a positive loss record, while values that are above 100 indicate more frequent losses or a tendency for claims to be larger.
| Specific Ford Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Ford Escape 4dr 2WD | 80 | 91 | 83 | 94 | 94 | 92 |
| Ford Escape 4dr 4WD | 81 | 84 | 94 | 85 | 90 | 77 |
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Compare. Compare. Compare.
We covered quite a bit of information on how to compare Ford Escape insurance prices in Laredo. The key thing to remember is the more rate comparisons you have, the better chance you’ll have of finding cheaper Laredo car insurance quotes. Drivers may even discover the biggest savings come from a small mutual company. They may often insure only within specific states and give better rates than the large multi-state companies such as Progressive and GEICO.
When getting Laredo car insurance quotes online, it’s not a good idea to reduce needed coverages to save money. There have been many cases where someone dropped physical damage coverage only to find out that they should have had better coverage. Your focus should be to purchase a proper amount of coverage at an affordable rate, but do not sacrifice coverage to save money.
Steps to quoting cheaper Ford Escape insurance in Laredo
If you want to save the most money, the best way to get more affordable Ford Escape insurance is to compare prices once a year from insurance carriers that insure vehicles in Laredo.
- Read about how companies set rates and the steps you can take to drop your rates. Many factors that drive up the price like inattentive driving and a lousy credit rating can be improved by making minor driving habit or lifestyle changes.
- Request price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only provide price estimates from a single company like Progressive or Farmers Insurance, while agents who are independent can give you price quotes for a wide range of insurance providers.
- Compare the new rate quotes to your existing policy and determine if there is any savings. If you find a lower rate quote and switch companies, make sure coverage does not lapse between policies.
- Provide notification to your current agent or company of your intent to cancel your current coverage. Submit a completed policy application and payment to your new carrier. Once the paperwork is finalized, keep the new certificate verifying proof of insurance with your registration paperwork.
One tip to remember is to compare identical deductibles and limits on every quote and and to get price quotes from as many car insurance companies as possible. This ensures the most accurate price comparison and the best rate selection.
Additional detailed information is available in the articles below:
- Anti-Lock Brake FAQ (iihs.org)
- What Insurance is Cheapest for a Subaru Impreza in Laredo? (FAQ)
- What Car Insurance is Cheapest for Retired Military in Laredo? (FAQ)
- Vehicle Insurance (Wikipedia)
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
- How to Avoid Common Accidents (State Farm)
- When is the Right Time to Switch Car Insurance Companies? (Allstate)