Save on 2007 Ford Escape Hybrid Car Insurance Rates

Finding the cheapest car insurance on the web is difficult for people who are new to shopping for insurance online. Because there are so many insurers to choose from, how can consumers effectively compare them all to find the best pricing?

How to save on Ford Escape Hybrid insurance

Insuring your fleet can be pricey, buy you may qualify for discounts that you may not even be aware of. Certain discounts will be applied at the time of purchase, but some must be asked for before you get the savings.

  • Early Switch Discount – Select companies give a discount for switching policies prior to your current policy expiring. It’s a savings of about 10%.
  • Homeowners Pay Less – Simply owning a home may earn you a small savings because of the fact that having a home demonstrates responsibility.
  • Accident Waiver – Certain companies permit an accident before hitting you with a surcharge so long as you haven’t had any claims prior to the accident.
  • Military Discounts – Being on active duty in the military could be rewarded with lower premiums.
  • Discount for Life Insurance – Companies who offer life insurance give a break if you buy a life insurance policy as well.

It’s important to note that most of the big mark downs will not be given to the entire policy premium. Some only reduce specific coverage prices like collision or personal injury protection. Even though it may seem like you would end up receiving a 100% discount, it doesn’t quite work that way. But all discounts will bring down your premiums.

To see a list of providers with the best insurance discounts, follow this link.

Parts of the Ford Escape Hybrid rate equation

Smart consumers have a good feel for the different types of things that play a part in calculating insurance coverage rates. When you know what positively or negatively determines base rates enables informed choices that could result in lower insurance coverage prices.

Shown below are some of the factors insurance coverage companies consider when setting premiums.

  • Your spouse saves you money – Having a wife or husband actually saves money on your insurance coverage policy. It translates into being more mature and responsible and it’s statistically proven that being married results in fewer claims.
  • Lower rates come with age – More mature drivers are more responsible, file fewer claims and receive fewer citations. Young drivers have a tendency to be less responsible when driving and because of this, their insurance coverage rates are much higher.
  • Pleasure use or commuting – The more miles you rack up on your Ford each year the more you will pay for insurance coverage. Almost all companies charge to insure your cars based upon how you use the vehicle. Autos used primarily for pleasure use qualify for better rates as compared to vehicles used primarily for driving to work. An improperly rated Escape Hybrid may be wasting your money. Double check that your insurance coverage policy is rated on how each vehicle is driven.
  • Policy add-ons can waste money – There are many add-on coverages that you can buy if you aren’t careful. Things like personal injury protection, towing coverage and motor club memberships may be wasting your money. These may sound like a good investment when you first buy your policy, but if you don’t need them remove them from your policy.
  • Where you reside plays a part – Living in less populated areas is a positive aspect when it comes to insurance coverage. Urban drivers have to deal with more traffic problems and a longer drive to work. Lower population translates into fewer accidents.

Tailor your coverage to you

When it comes to buying coverage, there really is not a perfect coverage plan. Every situation is different.

Here are some questions about coverages that could help you determine whether or not you could use an agent’s help.

  • Do I have any recourse if my insurance company denies a claim?
  • Can my babysitter drive my car?
  • Will my insurance pay for OEM parts?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Am I covered when pulling a rental trailer?
  • What is roadside assistance coverage?
  • How can I find cheaper teen driver insurance?

If you’re not sure about those questions then you might want to talk to a licensed insurance agent. If you don’t have a local agent, fill out this quick form.

Can you really save $416 a year?

State Farm and Allstate constantly bombard you with ads on TV and radio. All the companies say the same thing about savings if you switch your policy. How can each company say the same thing? This is how they do it.

All companies have a preferred profile for the type of customer that makes them money. A good example of a profitable customer could possibly be over the age of 40, insures multiple vehicles, and drives less than 10,000 miles a year. A driver that hits that “sweet spot” gets the lowest rates and most likely will save when switching.

Potential insureds who do not match this ideal profile must pay a more expensive rate and ends up with business not being written. The ads state “drivers who switch” not “everybody who quotes” save that much. That’s why insurance companies can confidently make the claims of big savings.

This illustrates why it is so important to get quotes from several different companies. It’s just too difficult to predict which insurance companies will provide you with the cheapest Ford Escape Hybrid insurance rates.

Specific coverages for a 2007 Ford Escape Hybrid

Learning about specific coverages of a insurance policy can be of help when determining which coverages you need at the best deductibles and correct limits. Policy terminology can be ambiguous and reading a policy is terribly boring.

Coverage for collisions

Collision insurance pays for damage to your Escape Hybrid resulting from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as crashing into a ditch, hitting a parking meter, hitting a mailbox, colliding with a tree and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Uninsured and underinsured coverage

This gives you protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your Ford Escape Hybrid.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently these coverages are similar to your liability insurance amounts.

Comprehensive coverages

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like damage from getting keyed, rock chips in glass, vandalism, a tree branch falling on your vehicle and fire damage. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for medical payments

Coverage for medical payments and/or PIP pay for short-term medical expenses for dental work, pain medications, funeral costs and surgery. They can be used in conjunction with a health insurance plan or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible

Liability

This protects you from damage that occurs to other’s property or people by causing an accident. This coverage protects you against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 25/50/25 that means you have a limit of $25,000 per injured person, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers things like repair bills for other people’s vehicles, repair costs for stationary objects and emergency aid. How much liability should you purchase? That is a personal decision, but buy as large an amount as possible.

Be a Smart Shopper

Consumers who switch companies do it for any number of reasons including policy non-renewal, questionable increases in premium, high rates after DUI convictions and unfair underwriting practices. It doesn’t matter what your reason, choosing a new company is pretty easy and you might even save some money in the process.

We just showed you a lot of techniques to lower your 2007 Ford Escape Hybrid insurance rates. It’s most important to understand that the more companies you get rates for, the higher the chance of saving money. Consumers could even find that the lowest premiums are with a lesser-known regional company.

Cheaper insurance can be purchased on the web as well as from independent agentsinsurance , so you should be comparing quotes from both to have the best rate selection. Some companies don’t offer online price quotes and usually these small, regional companies provide coverage only through local independent agents.

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