Cheap 2003 Ford Taurus Insurance Cost

Trying to find better car insurance rates for your Ford Taurus? Scraping up a payment for overpriced Ford Taurus insurance can overdraw your checking account and put the squeeze on your family’s finances. Doing a price comparison is free, only takes a few minutes, and is a good way to help make ends meet. Many insurance companies vie for your hard-earned dollar, and it can be difficult to compare rates and get the definite lowest cost out there.

Why your Ford Taurus insurance rates may be high

An important part of buying insurance is that you know the rating factors that go into determining insurance coverage rates. Knowing what impacts premium levels empowers consumers to make smart changes that can help you get big savings.

  • Your stress level may be raising your rates – Occupations such as doctors, architects and stock brokers are shown to have the highest rates due to high stress and lengthy work days. On the other hand, occupations like farmers, students and retirees pay the least on Taurus insurance.
  • Clean credit earns discounts – Credit history is a huge factor in your rate calculation. If your credit is not that good, you could be paying less to insure your 2003 Ford Taurus by repairing your credit. People with high credit ratings tend to be more responsible than drivers with lower credit scores.
  • Women pay lower rates – The statistics show that women are safer drivers than men. However, don’t assume that women are BETTER drivers than men. They both are in accidents in similar percentages, but men cause more damage and cost insurance companies more money. Men also get cited for more serious violations like reckless driving and DUI.
  • Where you live is a factor – Choosing to live in less populated areas has it’s advantages when buying insurance coverage. City drivers tend to have congested traffic and longer commutes to work. Lower population means fewer accidents.
  • Proper usage rating affects rates – The more miles you rack up on your Ford in a year’s time the higher your rate. The majority of insurers apply a rate based on how the vehicle is used. Autos used primarily for pleasure use get more affordable rates compared to those used for work or business. Double check that your insurance coverage policy properly reflects how each vehicle is driven. If your policy improperly rates your Taurus may be wasting your money.

Comprehensive Auto Insurance Comparison

Finding a better price on auto insurance is actually quite simple. Consumers just need to invest a few minutes to compare rate quotes online with multiple companies. It is quite easy and can be accomplished in several different ways.

  1. The single most time-saving way to find low rates is a comparison rater form like this one (opens in new window). This easy form prevents you from having to do separate quotation requests for every auto insurance company. Filling out one form gets you coverage quotes from many national carriers.
  2. A more difficult way to shop for auto insurance online requires visiting the website for each individual company to complete a price quote. For example, we’ll pretend you want comparison quotes from Farmers, Allstate and GMAC. You would have to spend time on each company’s site and enter your information, which is why the first method is quicker. To view a list of companies in your area, click here.

Whichever method you choose, be sure to compare identical coverages and limits with each company. If you use different values for each quote you can’t possibly find the best deal for your Ford Taurus.

You probably qualify for some discounts

Car insurance can cost a lot, but there could be available discounts that you may not even be aware of. A few discounts will automatically apply when you purchase, but some must be specially asked for before being credited. If you don’t get every credit you qualify for, you are throwing money away.

  • Student in College – Children who live away from home and do not have a car can receive lower rates.
  • Senior Discount – Mature drivers can possibly qualify for better insurance coverage rates on Taurus insurance.
  • Payment Method – If you pay your bill all at once instead of making monthly payments you could save 5% or more.
  • Life Insurance – Companies who offer life insurance give a break if you buy life insurance from them.
  • Service Members Pay Less – Being on active duty in the military could be rewarded with lower premiums.
  • Safe Driver Discount – Drivers who avoid accidents may save up to 50% more on Taurus insurance than their less cautious counterparts.
  • Low Mileage – Driving fewer miles can qualify you for discounted rates on garaged vehicles.
  • Accident Forgiveness – Certain companies permit an accident before your rates go up if your claims history is clear prior to the accident.

Drivers should understand that most discounts do not apply to the entire policy premium. Some only reduce the price of certain insurance coverages like collision or personal injury protection. So when it seems like you could get a free insurance coverage policy, insurance coverage companies aren’t that generous. Any amount of discount will reduce the cost of coverage.

To see a list of providers offering insurance coverage discounts, follow this link.

There’s no such thing as the perfect policy

When it comes to buying the best auto insurance coverage, there really is not a “perfect” insurance plan. Each situation is unique so your insurance needs to address that. Here are some questions about coverages that can aid in determining if your insurance needs might need professional guidance.

  • What is high-risk coverage and where do I buy it?
  • What is an SR-22 filing?
  • Where can I find DUI or SR-22 insurance?
  • Does liability extend to a camper or trailer?
  • Is business equipment covered while in my vehicle?
  • Which companies will insure high-risk drivers?
  • Can I drive in Mexico and have coverage?
  • Does my 2003 Ford Taurus need full coverage?
  • Is motorclub coverage worth it?

If you don’t know the answers to these questions, you may need to chat with an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It is quick, free and can provide invaluable advice.

What insurance coverages do you need?

Learning about specific coverages of your insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. Insurance terms can be confusing and even agents have difficulty translating policy wording. Shown next are the usual coverages offered by insurance companies.

Uninsured or underinsured coverage – Your UM/UIM coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your 2003 Ford Taurus.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Most of the time your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Auto liability – Liability coverage will cover damages or injuries you inflict on other’s property or people that is your fault. It protects YOU from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Some companies may use one number which is a combined single limit which limits claims to one amount without having the split limit caps.

Liability can pay for things such as attorney fees, emergency aid, pain and suffering, medical services and loss of income. How much liability coverage do you need? That is your choice, but consider buying as large an amount as possible.

Medical expense coverage – Medical payments and Personal Injury Protection insurance provide coverage for bills for dental work, hospital visits, EMT expenses, doctor visits and nursing services. They can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. Coverage applies to both the driver and occupants as well as any family member struck as a pedestrian. PIP is only offered in select states and may carry a deductible

Comprehensive protection – This will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as fire damage, hail damage, a broken windshield, rock chips in glass and damage from a tornado or hurricane. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Collision coverage – Collision coverage pays for damage to your Taurus caused by collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for claims like sideswiping another vehicle, colliding with another moving vehicle and damaging your car on a curb. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to bump up the deductible in order to get cheaper collision rates.

In the end, you save

Low-cost 2003 Ford Taurus insurance can be bought on the web and also from your neighborhood agents, and you need to comparison shop both in order to have the best chance of saving money. Some insurance providers may not provide online price quotes and usually these small, regional companies provide coverage only through local independent agents.

As you go through the steps to switch your coverage, it’s not a good idea to buy poor coverage just to save money. There have been many cases where someone dropped liability limits or collision coverage only to find out that the small savings ended up costing them much more. The proper strategy is to buy the best coverage you can find at an affordable rate while still protecting your assets.

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