Cheap 2003 Ford Excursion Car Insurance Quotes

Looking for cheaper insurance coverage rates for your Ford Excursion? There isn’t a single person who likes buying insurance coverage, particularly when their premiums are too high.

Having so many insurance companies to choose from, it can be challenging to choose the most affordable insurance company.

It’s smart to take a look at other company’s rates as often as possible since insurance rates are variable and change quite frequently. Just because you found the best rate on Excursion coverage at your last renewal you can probably find a lower rate today. Block out anything you think you know about insurance coverage because it’s time to teach you the right way to save on insurance coverage.

Auto insurance policy discounts

Auto insurance companies do not list all disounts in an easy-to-find place, so the list below contains a few of the more common and also the more inconspicuous auto insurance savings.

• Good Grades Discount – Maintaining excellent grades can earn a discount of 20% or more. Most companies allow this discount up to age 25.
• Early Renewal Discounts – Some larger companies give discounts for switching companies prior to your current policy expiring. Ten percent is about the average savings.
• Pay Early and Save – By making one initial payment instead of monthly or quarterly installments you may have a lower total premium amount.
• Discount for Life Insurance – Larger insurance companies have a discount if you purchase a life insurance policy as well.
• New Car Discount – Buying coverage on a new vehicle may earn a small discount because new vehicles are generally safer.
• Paperwork-free – Some of the larger companies will give you a small discount for completing your application on the web.

Keep in mind that some of the credits will not apply to all coverage premiums. Most only cut the price of certain insurance coverages like liability and collision coverage. So when it seems like having all the discounts means you get insurance for free, it just doesn’t work that way.

A list of auto insurance companies and a summarized list of policyholder discounts can be read below.

• State Farm has discounts for multiple autos, Drive Safe & Save, driver’s education, good driver, and good student.
• American Family has savings for bundled insurance, multi-vehicle, good driver, accident-free, Steer into Savings, and good student.
• Geico offers discounts for membership and employees, federal employee, emergency military deployment, driver training, seat belt use, and military active duty.
• 21st Century may have discounts that include driver training, theft prevention, student driver, early bird, homeowners, and anti-lock brakes.
• Progressive may offer discounts for online quote discount, good student, homeowner, online signing, multi-policy, and continuous coverage.

It’s a good idea to ask every company how you can save money. Discounts might not be available to policyholders everywhere.

How do insurers determine Ford Excursion insurance costs?

Many factors are part of the equation when premium rates are determined. Some are obvious like your driving record, but other factors are more transparent like your continuous coverage or how financially stable you are.It’s important that you understand a few of the rating criteria that go into determining your insurance rates. When consumers understand what positively or negatively impacts your premiums, this helps enable you to make changes that can earn you much lower annual insurance costs.

The list below includes a few of the “ingredients” insurance companies consider when setting premiums.

• Credit history impacts premium rates – Credit score factor in determining your rates. If your credit is not that good, you could pay less to insure your 2003 Ford Excursion by improving your rating. Insureds with excellent credit scores tend to be better risks to insure than those with lower credit scores.
• Teenagers are high risk – Teenage drivers tend to be more careless when at the wheel of a vehicle therefore insurance rates are much higher. If you’ve ever had to add a first-time driver to your policy can cause a big jump in price. Older, more experienced drivers are shown to be more cautious, tend to cause fewer accidents and get fewer tickets.
• Good drivers pay the best costs – Careful drivers receive lower rates as compared to careless drivers. Even one chargable violation could increase your next policy renewal substantially. Drivers with flagrant violations like DUI or reckless driving may be required to file a SR-22 with the DMV in their state in order to legally drive a vehicle.
• Low stress employer equals lower premiums – Occupations like military personnelpolice officers and medical professionals tend to pay the highest rates due to high stress and lots of time spent away from family. On the flip side, jobs like farmers, athletes and the unemployed have the lowest average rates on Excursion coverage.
• Extra policy coverages that aren’t used – Insurance policies have a lot of additional coverages you can purchase if you aren’t careful. Coverage for things like rental car reimbursement, better glass coverage, and term life insurance are some examples. They may seem like a good idea when deciding what coverages you need, but your needs may have changed so eliminate the coverages to reduce your premium.

How do I know if I need professional advice?

When it comes to choosing proper insurance coverage for your vehicles, there really is no one size fits all plan. Each situation is unique so your insurance should reflect that These are some specific questions can help discover whether your personal situation could use an agent’s help.

• Should I carry comprehensive and collision coverage?
• Can I afford to buy a different vehicle if my 2003 Ford Excursion is totaled?
• What discounts do I qualify for?
• Is a new car covered when I drive it off the dealer lot?
• Should I buy full coverage?
• Are all vehicle passengers covered by medical payments coverage?
• Does my 2003 Ford Excursion need full coverage?
• Do I get a pro-rated refund if I cancel my policy early?
• How much liability insurance is required?

If you don’t know the answers to these questions, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.

But the ad said I’d save 15% in 15 minutes!

Auto insurance providers like State Farm and Allstate regularly use ads on television and other media. All the companies tend to make the same promise that you’ll save big if you move to their company. But how can every company have lower policy pricing? It’s all in the words they use.

Insurance companies have underwriting criteria for the type of customer that will add to their bottom line. For example, this type of risk profile may be between 25 and 40, owns a home, and drives less than 7,500 miles a year. A propective insured who meets those qualifications receives the best premium rates and as a result will probably pay quite a bit less when switching companies.

Insureds who cannot meet these criteria will be charged higher premium rates and this can result in the customer not purchasing. If you pay close attention to the ads, they say “customers that switch” not “everyone who quotes” will save that much if they switch. That is how companies can claim big savings. This illustrates why drivers should compare price quotes frequently. You cannot predict with any certainty which company will have the best prices.

Insurance coverage specifics

Having a good grasp of a insurance policy aids in choosing the right coverages and proper limits and deductibles. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages offered by insurance companies.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants and damage to your Ford Excursion.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for expenses for things like hospital visits, dental work, X-ray expenses and EMT expenses. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants as well as getting struck while a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay

Comprehensive coverage (or Other than Collision)

This covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as rock chips in glass, hail damage, theft and hitting a bird. 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 probably time to drop comprehensive insurance.

Liability

Liability insurance can cover injuries or damage you cause to a person or their property that is your fault. This coverage protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 25/50/25 that means you have a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability coverage protects against things such as bail bonds, structural damage and medical expenses. How much liability should you purchase? That is a personal decision, but buy higher limits if possible.

Auto collision coverage

Collision insurance pays for damage to your Excursion 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 can pay for things such as rolling your car, sustaining damage from a pot hole, hitting a mailbox and sideswiping another vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to bump up the deductible to save money on collision insurance.

A penny saved is a penny earned

In this article, we covered a lot of ways to get a better price on 2003 Ford Excursion insurance. The key concept to understand is the more providers you compare, the higher your chance of finding cheap auto insurance. Drivers may discover the lowest car insurance rates are with a lesser-known regional company. They can often insure niche markets at a lower cost than their larger competitors like Progressive and Geico.

While you’re price shopping online, do not buy lower coverage limits just to save a few bucks. There have been many cases where drivers have reduced full coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The goal is to buy enough coverage at the best possible price while not skimping on critical coverages.

For more information, link through to the resources below:

• Older Driver Statistics (Insurance Information Insitute)
• Senior Drivers (Insurance Information Insitute)
• Five Steps to Filing an Auto Insurance Claim (Insurance Information Insitute)
• Auto Insurance 101 (About.com)
• What are my Rights when Filing a Claim? (Insurance Information Insitute)
• Keeping Children Safe in Crashes Video (iihs.org)