2005 Ford Taurus Insurance Cost – 6 Policy Discounts

Trying to find better insurance rates? Buyers have many options when searching for affordable Ford Taurus insurance. You can either spend your time calling around getting price quotes or utilize the internet to find the lowest rates.

There is a better way to compare insurance rates so we’re going to tell you the proper way to get price quotes for your Ford and obtain the lowest possible price from local insurance agents and online providers.

Smart consumers take time to get comparison quotes at least once a year because insurance prices go up and down regularly. Even if you got the lowest price on Taurus insurance a year ago other companies may now be cheaper. Ignore everything you know about insurance because I’m going to teach you the things you must know in order to find better rates and still maintain coverage.

Are you earning every discount?

The cost of insuring your cars can be expensive, but you may qualify for discounts that can drop the cost substantially. Some discounts apply automatically when you complete an application, but some must be manually applied before you get the savings. If you aren’t receiving every discount you qualify for, you are not getting the best rate possible.

• Discount for Multiple Policies – If you have multiple policies and place coverage with the same company you could save approximately 10% to 15%.
• Early Renewal Discounts – A few insurance companies give discounts for signing up before your current coverage expires. You could save around 10% when you buy insurance coverage online.
• Discounts for Responsible Drivers – Insureds without accidents can save up to 40% or more on their insurance coverage quote on Taurus insurance compared to accident prone drivers.
• Braking Control Discount – Cars and trucks that have steering control and anti-lock brakes have fewer accidents so you can save 10 percent or more.
• Accident Forgiveness Coverage – but companies like Allstate and State Farm permit an accident before raising your premiums as long as you don’t have any claims before the accident.
• Organization Discounts – Affiliation with certain professional organizations could earn you a nice discount on your next renewal.

You should keep in mind that some of the credits will not apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like physical damage coverage or medical payments. If you do the math and it seems like you would end up receiving a 100% discount, company stockholders wouldn’t be very happy. But all discounts will definitely reduce the amount you have to pay.

Some of the insurance companies that may include some of the discounts shown above possibly include:

• Progressive
• MetLife
• Mercury Insurance
• Nationwide
• Geico
• AAA

If you need lower rates, check with all the companies to give you their best rates. All car insurance discounts might not be offered in your area. If you would like to view insurers with the best discounts, follow this link.

The most recommended method to compare car insurance rates is to take advantage of the fact most insurance companies provide online access to give free rates quotes. All consumers are required to do is provide information including whether or not you need a SR-22, marital status, how you use your vehicles, and types of safety features. Your rating data gets sent immediately to many highly-rated insurers and they return cost estimate quickly.

When in doubt talk to an agent

When choosing proper insurance coverage for your personal vehicles, there is no “perfect” insurance plan. Your needs are not the same as everyone else’s.

For example, these questions might point out if your situation would benefit from an agent’s advice.

• How high should my uninsured/underinsured coverage be in my state?
• Should I buy additional glass protection?
• When should I remove comp and collision on my 2005 Ford Taurus?
• Why am I required to buy high-risk coverage?
• Do I need medical payments coverage since I have good health insurance?
• Does my 2005 Ford Taurus need full coverage?
• Where can I find DUI or SR-22 insurance?
• Am I covered if hit by an uninsured driver?
• Can my teen drive my company car?

If you can’t answer these questions, you might consider talking to a licensed agent. To find an agent in your area, simply complete this short form. It only takes a few minutes and you can get the answers you need.

Car insurance ads bend the truth

Consumers can’t get away from ads for cheaper car insurance by companies like Progressive, Allstate and Geico. They all advertise the message about how much you will save if you get a free insurance coverage quote and switch your car insurance coverage to their company.

How do they all say the same thing? Here is the trick they use.

Different companies have specific guidelines for the type of driver that makes them money. An example of this type of risk profile might have to be between the ages of 30 and 50, has never had a claim, and drives less than 7,500 miles a year. Anybody who matches those parameters may get the lowest rates and is almost guaranteed to cut their rates substantially.

Consumers who don’t qualify for this stringent profile may receive a higher rate which leads to business going elsewhere. If you pay close attention to the ads, they say “customers that switch” not “all people who quote” save that kind of money. That is how companies can advertise the savings.

Because each company has a different risk profile, you really need to compare price quotes frequently. It’s impossible to know which company will provide you with the cheapest prices.

Insurance coverages 101

Understanding the coverages of a insurance policy can help you determine the right coverages at the best deductibles and correct limits. Insurance terms can be confusing and coverage can change by endorsement.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage kick in for bills such as funeral costs, EMT expenses, dental work, ambulance fees and nursing services. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Auto liability – Liability coverage provides protection from damage or injury you incur to a person or their property that is your fault. This coverage protects you from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

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. As an example, you may have values of 100/300/100 that translate to a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.

Liability can pay for things such as attorney fees, loss of income, structural damage, repair bills for other people’s vehicles and repair costs for stationary objects. How much coverage you buy is a decision to put some thought into, but you should buy as high a limit as you can afford.

Comprehensive insurance – Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as falling objects, damage from a tornado or hurricane and vandalism. The maximum amount a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Collision – This pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as rolling your car, colliding with another moving vehicle, crashing into a ditch, damaging your car on a curb and colliding with a tree. This coverage can be expensive, so you might think about dropping it from older vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage gives you protection from other motorists when they do not carry enough liability coverage. This coverage pays for injuries to you and your family and damage to your Ford Taurus.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is a good idea. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Be Smart and Buy Smart

As you restructure your insurance plan, do not skimp on coverage in order to save money. There are a lot of situations where consumers will sacrifice liability coverage limits only to find out they didn’t have enough coverage. Your aim should be to purchase plenty of coverage for the lowest cost and still be able to protect your assets.

Insureds leave their current company for many reasons like high rates after DUI convictions, being labeled a high risk driver, policy cancellation and extreme rates for teen drivers. Regardless of your reason, choosing a new company can be easy and end up saving you some money.

Discount 2005 Ford Taurus insurance can be found both online as well as from independent agents, so you should compare both to have the best selection. Some insurance providers may not offer online rate quotes and many times these smaller providers only sell through independent insurance agents.

To learn more, take a look at these articles:

• How do I File a Claim? (Insurance Information Insitute)
• Should I Buy a New or Used Car? (Allstate)
• Can I Drive Legally without Insurance? (Insurance Information Insitute)
• What Determines the Price of My Auto Insurance Policy? (Insurance Information Insitute)