Do you want cheaper Ford Escape insurance in Phoenix? Expensive insurance in Phoenix can bleed your funds and put a big crunch on your finances. Price shopping at each renewal is recommended to make ends meet.
Unthinkable but true, the vast majority of insurance customers renewed their policy with the same company for well over three years, and almost half have never compared rates to find cheaper insurance. Phoenix drivers can save about $700 each year just by comparing rates, but they don’t invest the time required to save money by comparing rate quotes.
Insurance companies such as State Farm, GEICO and Farmers Insurance promote their brand names with ad campaigns and consumers find it hard to sift through the bull and do the work needed to find the best deal.
If you are insured now, you will most likely be able to find the best rates using these techniques. Choosing the best rates in Phoenix can be easy if you know a few tricks. Nevertheless, Arizona drivers must understand how companies determine premium rates and use it to find better rates.
Discount Phoenix auto insurance quotes
Auto insurance is neither fun to buy or cheap, but you might already qualify for some discounts to reduce the price significantly. Some discounts will apply at quote time, but occasionally some discounts must be specially asked for before being credited.
- No Claims – Drivers who don’t have accidents can save substantially when compared with frequent claim filers.
- Home Ownership Discount – Owning a house in Phoenix can get you a discount because maintaining a house is proof of financial responsibility.
- Memberships – Having an affiliation with certain professional organizations could trigger savings when getting a Phoenix car insurance quote.
- Use Seat Belts – Drivers who always wear seat belts and also require passengers to fasten their seat belts could save 15% off the medical payments premium.
- Theft Deterrent System – Vehicles equipped with anti-theft or alarm systems have a lower chance of being stolen and that can save you a little bit as well.
One thing to note about discounts is that some of the credits will not apply to the whole policy. The majority will only reduce individual premiums such as physical damage coverage or medical payments. Even though it may seem like you can get free auto insurance, companies don’t profit that way.
Some of the insurance companies that may offer policyholders most of these discounts are:
It’s a good idea to ask all companies you are considering the best way to save money. Discounts may not be available in every state. To locate companies with discount auto insurance rates in Arizona, click here.
When looking for inexpensive Phoenix car insurance quotes, there are a couple ways to compare rate quotes from many different Arizona insurance companies. The simplest method to comparison shop is to use the internet to compare rates.
Comparing free rate quotes online is easy and it, makes it obsolete to make phone calls or go to insurance agents’ offices. Comparing online rate quotes has reduced the need for local agents unless you have a complicated situation and need the guidance of a licensed agent. You can, however, compare the best prices online but have a local agent actually write the policy. It’s important to know that comparing all the rates in your area will improve the odds of getting the best rates. Not every company allows you to get online price quotes, so you should also compare price quotes on coverage from those companies, too.
The auto insurance companies shown below offer comparison quotes in Arizona. If the list has multiple companies, it’s a good idea that you visit several of them in order to find the lowest rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Escape XLS 2WD||$160||$298||$308||$18||$92||$876||$73|
|Escape XLS 4WD||$156||$266||$240||$14||$72||$748||$62|
|Escape XLT 2WD||$224||$382||$254||$16||$76||$952||$79|
|Escape Limited 2WD||$210||$318||$344||$20||$102||$994||$83|
|Escape XLT 4WD||$214||$258||$334||$20||$100||$926||$77|
|Escape Limited 4WD||$130||$226||$262||$16||$78||$712||$59|
|Get Your Own Custom Quote Go|
Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Price information does not factor in vehicle garaging location which can impact coverage rates substantially.
Full coverage versus liability-only in Phoenix
The diagram below examines Ford Escape premium costs with liability coverage only compared to full coverage. The data assumes no claims, a clean driving record, $100 deductibles, single male driver, and no discounts are applied.
Should you pay for full coverage or liability only?
There is no set rule that works best for making the decision to drop physical damage insurance, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.
For example, let’s say your Ford Escape claim settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $8,000 after paying your deductible. If you are paying more than $800 a year for physical damage coverage, then it may be the right time to buy liability only.
There are some circumstances where eliminating full coverage is not in your best interest. If you still have a lienholder on your title, you have to maintain full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should keep full coverage in place.
Bad driving habits will cost you more
The illustration below shows how traffic citations and accidents drive up Ford Escape insurance costs for each age group. The price estimates are based on a married female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are factored in.
What Impacts Ford Escape Insurance Prices?
Many factors are taken into consideration when you quote your car insurance policy. Most are fairly basic like your driving record, but other criteria are more transparent such as your credit history or how safe your car is. Smart consumers have a good feel for some of the factors that help calculate insurance rates. When consumers understand what determines premiums, this enables you to make decisions that may result in big savings.
Shown below are some of the most common factors used by companies to determine your rates.
Higher insurance rates for coverage lapses – Allowing your coverage to lapse can be a guaranteed way to drive up your policy premiums. Not only will rates go up, being ticketed for driving with no insurance may result in a revoked license or a big fine. You could then be forced to provide proof of insurance in the form of an SR-22 filing with the Arizona motor vehicle department to get your license reinstated.
Prices are impacted by vehicle performance – The performance of the car, truck or SUV you own makes a huge difference in your premium level. The cheapest insurance rates will normally be found when insuring the lowest performance passenger vehicles, but your final cost has many other factors. Since the Ford Escape is considered a crossover, rates will be slightly more than the average rate where you live in Phoenix.
Vehicle features that cut premiums – Purchasing a vehicle that has an advanced theft prevention system can help lower your premiums. Theft prevention features like OnStar, LoJack tracking, and tamper alarms all help stop car theft.
Females tend to be lower risk – Over the last 30 years, statistics show that females tend to be a little less risky than males. Now that doesn’t mean males are worse at driving than females. Men and women tend to get into accidents at about the same rate, but the male of the species have costlier accidents. In addition to higher claims, males also get more serious tickets like DUI and reckless driving. Males from age 16 to 21 cause the most accidents and therefore pay the highest rates.
Ford Escape claim probability – Insurance companies use claims history when they file their rates in each state. Models that are shown to have a trend towards higher claims will be charged more to insure. The next table shows the insurance loss data for Ford Escape vehicles.
For each coverage type, the statistical loss for all vehicles as a whole is set at 100. Percentages below 100 suggest a better than average loss history, while numbers above 100 indicate frequent claims or an increased likelihood of larger losses.
Insurance Loss Ratings for Ford Escape Vehicles
|Vehicle 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
What is the best insurance coverage?
When it comes to buying proper insurance coverage for your vehicles, there is no single plan that fits everyone. Everyone’s situation is a little different.
These are some specific questions can help discover if your situation would benefit from an agent’s advice.
- Are combined or split liability limits better?
- Am I covered when driving on a suspended license?
- When do I need to add a new car to my policy?
- Can my babysitter drive my car?
- Where can I find DUI or SR-22 insurance?
- What is an adequate liability insurance limit?
If it’s difficult to answer those questions but a few of them apply then you might want to talk to an insurance agent. If you want to speak to an agent in your area, fill out this quick form.
When to have guidance from an insurance agency
Some people would prefer to sit down with an agent and that can be a great decision An additional benefit of comparing insurance prices online is you may find cheaper premium rates but still work with a licensed agent.
Upon completion of this short form, the quote information gets sent to participating agents in Phoenix that can provide free Phoenix car insurance quotes for your business. You never need to leave your house as quotes are delivered immediately to you. You can most likely find cheaper rates AND a local agent. If you need to compare prices from a specific insurance company, just search and find their rate quote page and fill out the quote form the provide.
Deciding on an insurance company is decision based upon more than just the bottom line cost. Some important questions to ask are:
- Is the agency active in community causes in Phoenix?
- By raising physical damage deductibles, how much would you save?
- What will you get paid if your car is a total loss? How is that amount determined?
- Is there a 24/7 contact number?
- Do they offer accident forgiveness?
- Are there any discounts that you might be missing?
- Will the company cover a rental car if your car is getting fixed?
If you want to use a reliable agent, it helps to know the two different agency structures and how they can quote your rates. Agents are either exclusive or independent agents depending on their company appointments.
Agents that choose to be exclusive can only quote rates from one company such as Farmers Insurance, American Family, State Farm and Allstate. These agents are unable to shop your coverage around so you need to shop around if the rates are high. Exclusive agents receive a lot of sales training on their products and sales techniques which helps them sell on service rather than price.
Listed below is a short list of exclusive insurance agents in Phoenix who may provide you with comparison quotes.
Llyrena Sherwood – State Farm Insurance Agent
3415 W Glendale Ave #7 – Phoenix, AZ 85051 – (602) 368-9102 – View Map
Lula Smith – State Farm Insurance Agent
7217 S Central Ave – Phoenix, AZ 85042 – (602) 232-0793 – View Map
These agents do not have single company limitations so they can quote policies through lots of different companies and get you the best rates possible. If they quote lower rates, they simply move the coverage in-house and you don’t have to do anything. When comparison shopping, you will want to compare quotes from several independent agencies for the best price selection.
The following are independent agencies in Phoenix that can give you price quotes.
Why car insurance is not optional
Despite the high cost of buying insurance for a Ford Escape in Phoenix, buying car insurance may be required and benefits you in several ways.
- The majority of states have minimum mandated liability insurance limits which means you are required to carry a minimum amount of liability coverage if you don’t want to risk a ticket. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your Ford has a loan, most banks will have a requirement that you buy full coverage to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the bank or lender will purchase a policy for your Ford for a much higher rate and force you to reimburse them much more than you were paying before.
- Car insurance preserves both your car and your personal assets. It will also cover medical transport and hospital expenses that are the result of an accident. Liability insurance, one of your policy coverages, also pays expenses related to your legal defense if you are sued as the result of your driving. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will cover the repair costs.
The benefits of buying enough insurance definitely exceed the price paid, particularly if you ever have a claim. But the average American driver is overpaying more than $869 every year so you should quote your policy with other companies each time the policy renews to help ensure money is not being wasted.
Smart shoppers get results
In this article, we covered some good ideas how to lower your Ford Escape insurance car insurance rates in Phoenix. The key thing to remember is the more times you quote, the better your chances of lowering your premium rates. You may even find the biggest savings come from a company that doesn’t do a lot of advertising.
Consumers switch companies for a number of reasons such as not issuing a premium refund, lack of trust in their agent, being labeled a high risk driver or an unsatisfactory settlement offer. It doesn’t matter why you want to switch choosing a new company is actually quite simple.
When searching for affordable Phoenix car insurance quotes, it’s very important that you do not sacrifice coverage to reduce premiums. There are many occasions where an insured dropped physical damage coverage only to find out that their decision to reduce coverage ended up costing them more. Your goal should be to find the BEST coverage at a price you can afford, but do not skimp to save money.
To learn more, feel free to visit the resources below:
- Auto Insurance Learning Center (State Farm)
- Who Has the Cheapest Auto Insurance for Business Use in Phoenix? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for High Risk Drivers in Phoenix? (FAQ)
- What Insurance is Cheapest for a Dodge Journey in Phoenix? (FAQ)
- Booster Seat Ratings (iihs.org)
- Steps to Take After an Auto Accident (Insurance Information Institute)