Cheaper 2001 Ford Taurus Insurance Cost

Insurance shopping is not a procedure people enjoy doing, but it has to be done when you drive.

Consumers should take time to get comparison quotes every six months because insurance rates are adjusted regularly by insurance companies. Even if you think you had the lowest price for Taurus coverage two years ago you will most likely find a better rate today. So just ignore everything you know about insurance because you’re going to learn the best methods to reduce your cost while increasing coverage.

How to save on 2001 Ford Taurus insurance

Car insurance companies don’t list all their discounts very clearly, so we break down some of the best known and the more hidden ways to save on insurance.

  • Pay Now and Pay Less – If paying your policy premium upfront instead of paying each month you may reduce your total bill.
  • Anti-lock Brakes – Cars that have steering control and anti-lock brakes can avoid accidents and will save you 10% or more.
  • Anti-theft System – Cars that have factory anti-theft systems prevent vehicle theft and will save you 10% or more.
  • Senior Citizens – Older drivers may receive better insurance rates for Taurus coverage.
  • Lower Rates for Military – Being on active duty in the military may qualify for rate reductions.
  • Seat Belts Save – Drivers who require all occupants to use their safety belts could cut 10% or more off the personal injury premium cost.
  • Homeowners Savings – Owning a home may earn you a small savings because maintaining a house is proof that your finances are in order.
  • Safety Course Discount – Taking a defensive driving course can save you 5% or more depending on where you live.
  • Multiple Cars – Buying coverage for all your vehicles on one policy could earn a price break for each car.
  • Good Students Pay Less – A discount for being a good student can get you a discount of up to 25%. The discount lasts well after school through age 25.

Drivers should understand that most discounts do not apply to the overall cost of the policy. Most only reduce the cost of specific coverages such as liability and collision coverage. Just because it seems like you can get free auto insurance, companies wouldn’t make money that way.

For a list of insurers with discount insurance rates, click this link.

Tailor your coverage to you

When it comes to choosing the best car insurance coverage, there isn’t really a one size fits all plan. Your needs are not the same as everyone else’s.

For instance, these questions might point out if your insurance needs could use an agent’s help.

  • What is an SR-22 filing?
  • Should I carry comprehensive and collision coverage?
  • Are my friends covered when driving my car?
  • Which companies will insure high-risk drivers?
  • Can I still get insurance after a DUI?
  • Will my insurance pay for OEM parts?
  • Will filing a claim cost me more?

If it’s difficult to answer those questions, you might consider talking to an agent. If you want to speak to an agent in your area, simply complete this short form.

Do drivers who switch really save $470 a year?

Insurance coverage providers like Allstate, Geico and Progressive continually stream television and radio advertisements. They all make the same claim that you’ll save big after switching your policy. But how can every company claim to save you money?

All companies have a certain “appetite” for the type of driver that earns them a profit. An example of a desirable insured could be between 25 and 40, is a homeowner, and drives less than 7,500 miles a year. A customer who fits that profile is entitled to the best price and most likely will save quite a bit of money when switching.

Drivers who fall outside the “perfect” profile will be charged higher prices and this can result in business not being written. Company advertisements say “customers who switch” not “people who quote” save that much money. That’s the way insurance companies can confidently make the claims of big savings. That is why it’s extremely important to get as many comparisons as possible. It is impossible to predict which insurance coverage company will have the lowest Ford Taurus insurance rates.

The coverage is in the details

Learning about specific coverages of a insurance policy helps when choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy.

Comprehensive protection

Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as a tree branch falling on your vehicle, a broken windshield, damage from flooding and vandalism. The maximum payout 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 it’s probably time to drop comprehensive insurance.

Coverage for collisions

Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims like hitting a mailbox, rolling your car and hitting a parking meter. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. You can also bump up the deductible to bring the cost down.

Uninsured or underinsured coverage

This gives you protection from other motorists when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your Ford Taurus.

Because many people 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.

Auto liability

Liability insurance will cover damage or injury you incur to people or other property. This coverage protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability can pay for claims like loss of income, funeral expenses, repair costs for stationary objects, attorney fees and medical expenses. How much liability should you purchase? That is a decision to put some thought into, but you should buy as high a limit as you can afford.

Medical expense coverage

Med pay and PIP coverage kick in for short-term medical expenses like dental work, doctor visits and nursing services. They can be used in conjunction with a health insurance policy or if you do not have health coverage. They cover both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is not available in all states and may carry a deductible

Be Smart and Buy Smart

While you’re price shopping online, never buy less coverage just to save a little money. In too many instances, someone sacrificed uninsured motorist or liability limits only to regret at claim time that the savings was not a smart move. The ultimate goal is to buy the best coverage you can find at the best price, not the least amount of coverage.

We just covered quite a bit of information on how to get a better price on 2001 Ford Taurus insurance. The most important thing to understand is the more quotes you get, the better your chances of lowering your rates. You may even find the lowest rates come from some of the lesser-known companies.

Cheap insurance is available on the web as well as from independent agents, and you need to price shop both to have the best rate selection. A few companies don’t offer online quoting and most of the time these smaller companies sell through independent agents.

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