2001 Ford Taurus Insurance Cost – 8 Ways to Save

Trying to find lower car insurance rates for your Ford Taurus? If you’re shopping for lower-priced insurance online, are you overwhelmed by the number of car insurance sources that you can choose from? There are so many sources available that it can really be a difficult challenge to find better rates.

If you have car insurance now, you stand a good chance to be able to reduce your rates substantially using this information. Finding the best protection is simple if you know the tricks. But vehicle owners must learn how big insurance companies sell insurance online and apply this information to your search.

Cheaper insurance rates with discounts

Some companies do not list every discount they offer very clearly, so we took the time to find a few of the more common in addition to some of the lesser obvious credits that you can use to lower your rates.

  • Responsible Driver Discounts – Drivers without accidents can save as much as half off their rates for Taurus insurance compared to accident prone drivers.
  • Driver Training Discounts – Taking time to complete a course teaching driver safety skills could cut 5% off your bill and easily recoup the cost of the course.
  • Seat Belt Discounts – Buckling up and requiring all passengers to use their safety belts may be able to save a few bucks off the personal injury premium cost.
  • No Accidents – Drivers with accident-free driving histories pay less as compared to insureds who have frequent claims or accidents.
  • Federal Government Employee – Being employed by or retired from a federal job could cut as much as 10% off for Taurus insurance but check with your company.
  • Student Discount for Driver Training – Require your teen driver to take driver’s ed class if it’s offered in school.
  • Policy Bundle Discount – When you have multiple policies and place coverage with the same company they may give you a discount of as much as 10 to 15 percent.
  • Discount for Low Mileage – Low mileage vehicles can qualify you for discounted premium rates on garaged vehicles.

It’s important to understand that most credits do not apply to the entire cost. The majority will only reduce the cost of specific coverages such as comp or med pay. Just because it seems like all those discounts means the company will pay you, company stockholders wouldn’t be very happy. Any amount of discount will help lower the amount you have to pay.

To view companies with the best insurance discounts, follow this link.

Ways to get insurance rate quotes

All the larger insurance companies such as State Farm, GEICO and Progressive provide prices direct online. The process doesn’t take much effort as all you need to do is type in on the page. Upon sending the form, the quote system pulls information on your driving record and credit history and generates a price based on these and other factors.

This makes it a lot easier to compare rates but the work required to visit a lot of sites and fill out multiple forms can get tiresome after awhile. But it’s very important to get many rate quotes if you want to find lower prices.

Quote rates the easy way

The smarter way to lower your insurance bill makes use of a single form that analyzes rates from several different companies. This type of form saves time, reduces the work, and makes rate comparisons much simpler. Immediately after you send the form, your coverage is rated and you can select any or none of the quotes that you receive.

If one or more price quotes are lower than your current rates, it’s easy to complete the application and buy the new coverage. The whole process only takes a few minutes and could lower your rates considerably.

To compare rates now, click here to open in new window and submit the form. To compare your current rates, we recommend you duplicate the insurance coverages identical to your current policy. This helps ensure you will be getting a rate comparison using the exact same coverages.

Tailor your auto insurance coverage to you

When choosing proper insurance coverage for your vehicles, there isn’t really a best way to insure your cars. Coverage needs to be tailored to your specific needs.

These are some specific questions might point out whether your personal situation could use an agent’s help.

  • Does my insurance cover my expensive audio equipment?
  • Should I put collision coverage on all my vehicles?
  • Do I need medical payments coverage since I have good health insurance?
  • What exactly is covered by my policy?
  • Are my friends covered when driving my 2001 Ford Taurus?
  • Should I buy additional glass protection?
  • How much liability coverage do I need in my state?
  • Does my liability insurance cover pulling a trailer or camper?
  • Do I need replacement cost coverage on my 2001 Ford Taurus?
  • Why do I need rental car insurance?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to a licensed agent. If you don’t have a local agent, simply complete this short form.

Why you might not save $400 a year

Insurance coverage companies such as State Farm, GEICO and Progressive constantly bombard you with ads on television and other media. All the companies convey the message of big savings if you move your coverage to them. How can each company charge you a lower premium? It’s all in the numbers.

Different companies have specific characteristics for the type of driver that earns them the most money. One example of this type of insured might be described as between the ages of 30 and 50, owns their home, and drives a safe vehicle. A customer that meets those criteria receive the lowest rate quotes and have a good chance to save when they switch companies.

Potential insureds who are not a match for this ideal profile may receive more expensive rates and this can result in business not being written. The trick is to say “drivers who switch” not “everyone who quotes” can get the lowest rates when switching. That’s the way companies can truthfully make claims like that.

This really emphasizes why it’s extremely important to get price quotes at each policy renewal. Because you cannot predict which insurance coverage company will have the lowest rate quotes.

Detailed coverages of your insurance policy

Knowing the specifics of your policy aids in choosing appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement.

Comprehensive protection – This coverage covers damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like rock chips in glass, vandalism, hail damage and damage from getting keyed. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured or underinsured coverage – This provides protection from other drivers when they do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is very important. Most of the time these limits are set the same as your liablity limits.

Collision coverage – Collision coverage pays for damage to your Taurus resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as driving through your garage door, sideswiping another vehicle and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.

Auto liability – Liability insurance will cover damage or injury you incur to people or other property in an accident. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 100/300/100 which means $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Another option is a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for things like emergency aid, attorney fees, structural damage, loss of income and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as large an amount as possible.

Medical expense coverage – Med pay and PIP coverage pay for expenses for prosthetic devices, chiropractic care, X-ray expenses and nursing services. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and may carry a deductible

Keep this in mind

As you go through the steps to switch your coverage, it’s not a good idea to sacrifice coverage to reduce premiums. There are many occasions where someone sacrificed uninsured motorist or liability limits to discover at claim time that the small savings ended up costing them much more. Your goal is to buy a smart amount of coverage for the lowest price but still have enough coverage for asset protection.

Cheaper car insurance can be found on the web as well as from insurance agents, and you should be comparing both to have the best chance of lowering rates. There are still a few companies who may not have online price quotes and usually these smaller providers only sell through local independent agencies.

We just showed you some good ideas how you can shop for 2001 Ford Taurus insurance online. It’s most important to understand that the more you quote insurance coverage, the better your chances of lowering your prices. You may be surprised to find that the most savings is with the least-expected company.

Additional detailed information is located in these articles:

Comments About 2001 Ford Taurus Insurance

  1. Miguel Lara

    Cheaper car insurance is a myth. I live north of Bellevue, NE. I got free prices from 21st Century, Auto-Owners, Encompass, and The General for my Taurus and I’m now saving $22 a month.

  2. Vennie Keith

    What does medical payments cover?

  3. Clair Gates

    Is Allstate cheap in Augusta, Georgia?

  4. Oswaldo Buckner

    Enjoyed the article. Found cheapest coverage with Encompass for my Taurus and saved around $100 a year. Even increased my liability limits.

  5. Kendal Nguyen

    I compared a lot of rate quotes for a 2001 Ford Taurus in Fort Smith, Arkansas. Ended up at right around $80 every six months with AIG Insurance. Thankfully I’m not a high risk driver. Just waiting to see how claims go. Full coverage costs too much.

  6. Marceline Salinas

    I live just to the north of Rockford, IL. Quoted with Allstate, Auto-Owners, and Encompass for my Taurus and I think I saved about $20 each month. Insured with Liberty Mutual before. My new agent seems to be really good. I’m thinking about dropping full coverage though.

  7. Berenice Montoya

    What is Underinsured Motorist coverage?

  8. Sheldon Shaffer

    I live just outside New Haven, CT. Got quotes with The General, AAA, Sentry, and a couple others for my Ford and I’m now saving $25 a month. Insured with American Family before. Thankfully I’m not a high risk driver. :) Only insure liability on my Ford.

  9. Lottie Lancaster

    Thanks for putting this site together. I’m in the suburbs of Bellevue, NE. Quoted quotes from 21st Century, Amica, Erie, and GMAC for my Ford and saved just over $60 a year. Insured with GMAC before. Have a couple speeding tickets too. LOL Not worth enough to pay for comprehensive and collision.