Cheaper 2007 Ford Taurus Insurance Cost

Searching for better insurance coverage rates for your Ford Taurus? Having to pay for expensive insurance coverage can draw down your budget and require stricter spending habits. Drivers have so many insurance companies to choose from, and though it is a good thing to have a selection, it can be more challenging to locate the cheapest rates.

Insurance rate influencing factors

Consumers need to have an understanding of a few of the rating criteria that go into determining your policy premiums. If you understand what influences your rates, this allows you to make good choices that could result in big savings.

The following are some of the factors utilized by car insurance companies to help set rates.

• Additional coverages that may be costing you – There are a lot of add-on coverages that you can get tricked into buying but may not be useful. Coverage for things like personal injury protection, accident forgiveness, and membership fees may be wasting your money. These coverages may sound good when talking to your agent, but if you’ve never needed them in the past eliminate them to save money.
• Compare rates if you combine your policies – Many insurers will give lower prices for people that have more than one policy. It’s known as a multi-policy discount. Even with this discount, consumers should still compare other company rates to verify if the discount is saving money. You may still save even more than the discount by buying car insurance from a different company.
• Better premiums for no policy lapses – Not maintaining insurance is not a good idea and companies may charge more for letting your coverage lapse. And not only will your rates increase, failure to provide proof of insurance can result in a hefty fine and possibly a revoked license.
• Better drivers pay less – Being a careful driver has a lot to do with how much you pay for insurance. Good drivers get better rates compared to bad drivers. Even one driving citation can increase rates to the point where it’s not affordable. Drivers who get dangerous citations like reckless driving, hit and run or driving under the influence may need to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to legally drive a vehicle.
• Marriage can lower costs – Getting married actually saves money on your policy. Marriage means you’re more mature and responsible and statistics prove married drivers tend to file fewer claims.
• Lower deductibles cost more – Your deductibles define how much you are required to spend in the event of a claim. Protection for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Some coverage claims are rearending another vehicle, vandalism, and damage caused by road hazards. The more of the claim the insured has to pay upfront, the lower your rates will be on Taurus coverage.
• Older drivers are lower risk – Young drivers are statistically shown to get distracted easily when driving with friends and because of this, their car insurance rates are much higher. Older insureds have been proven to be more responsible, cost insurance companies less in claims .
• Male premiums may be higher – Over the last 30 years, statistics show women are more cautious behind the wheel. The data does not necessarily mean that females are better at driving than males. Females and males get in accidents at a similar rate, but guys cause more damage and cost insurance companies more money. In addition to higher claims, males also get ticketed for serious violations such as DWI and reckless driving. Young males cause the most accidents and are penalized with high car insurance rates.

Insurance quotes comparison

Most companies such as Allstate, Geico and Progressive give prices on the web. Getting online rates is quite easy because you just enter as detailed in the form. After the form is submitted, the system pulls reports for credit and driving violations and returns a price. Quoting online helps simplify price comparisons, but the process of having to visit each company’s website and repetitively enter the same data into a form is repetitive and time-consuming. But it’s absolutely necessary to get many rate quotes if you are searching for the lowest insurance rates.

There is an easier way to compare rates

The preferred way to lower your rates is to use a quote form to obtain quotes from multiple companies. This type of form saves time, reduces the work, and makes price shopping online much simpler. After your information is entered, it is rated and you can select any one of the quote results.

If the quotes result in lower rates, it’s easy to complete the application and buy the policy. The whole process takes less than 15 minutes and you will find out if you’re overpaying now.

If you want to use this form to compare rates, click here and enter your vehicle and coverage information. If you have coverage now, it’s recommended you copy the insurance coverages as shown on your current policy. This guarantees you’re receiving a price comparison for the exact same coverage.

Save $490 a year! What?

Consumers get pounded daily by advertisements for insurance coverage savings by Allstate, Geico and Progressive. All the ads try to convey promises that people will save if you change your insurance coverage policy to them.

But how can every company sell you cheaper insurance coverage?

Insurance companies have specific guidelines for the right customer that is profitable for them. One example of a preferred risk may be married and over the age of 30, has a clear driving record, and insures a new vehicle. A propective insured that fits those parameters will get very good premium rates and will pay quite a bit less when switching companies.

Consumers who may not quite match these stringent criteria will probably be forced to pay higher premium rates and this results in the driver buying from a lower-cost company. The trick is to say “people who switch” but not “everyone who gets a quote” save that much. This is how insurance companies can make it sound like they have such great rates.

This really illustrates why you need to quote coverage with many companies. It is impossible to predict which insurance companies will give you lower prices than your current company.

Lower-cost car insurance rates with discounts

Some companies don’t always publicize all possible discounts in a way that’s easy to find, so the list below gives a summary of a few of the more well known and also the more inconspicuous ways to save on car insurance.

• Low Mileage Discounts – Driving fewer miles may allow you to get lower car insurancerates due to less chance of an accident.
• Onboard Data Collection – People who choose to allow their company to look at driving patterns by installing a telematics device such as Progressive’s Snapshot and State Farm’s In-Drive could possibly reduce rates if they exhibit good driving behavior.
• Student Discounts – This discount can be rewarded with saving of up to 25%. Most companies allow this discount up to age 25.
• Theft Prevention Discount – Vehicles that have factory alarm systems and tracking devices help deter theft and will save you 10% or more.
• Safety Restraint Discount – Requiring all passengers to use their safety belts could cut 10% or more on the medical payments or PIP coverage costs.
• Distant Student Discount – Kids who live away from home at college and won’t have access to an insured vehicle may be able to be covered for less.
• 55 and Retired – If you qualify as a senior citizen, you may receive lower premium rates on Taurus coverage.
• E-sign Discounts
• Discounts for New Vehicles – Insuring a new car can save up to 30% because new model year vehicles are generally safer.
• Payment Discounts – By making one initial payment rather than paying monthly you may have a lower total premium amount.

It’s important to note that most of the big mark downs will not be given to the entire policy premium. Some only apply to the cost of specific coverages such as liability, collision or medical payments. So even though you would think all those discounts means the company will pay you, companies wouldn’t make money that way.

A few popular companies and a summarized list of policyholder discounts are detailed below.

• AAA has savings for AAA membership discount, multi-car, good student, multi-policy, anti-theft, and education and occupation.
• Progressive has discounts for multi-policy, multi-vehicle, online signing, continuous coverage, good student, and homeowner.
• State Farm policyholders can earn discounts including defensive driving training, multiple autos, good driver, driver’s education, multiple policy, and passive restraint.
• Esurance may offer discounts for anti-theft, good driver, emergency road assistance, defensive driver, and Switch & Save.
• Nationwide offers discounts for business or organization, accident-free, defensive driving, family plan, multi-policy, easy pay, and good student.

Before you buy a policy, ask all companies you are considering to give you their best rates. Some credits might not be offered in your area.

Tailor your auto insurance coverage to you

When it comes to buying the right insurance coverage for your vehicles, there really is not a one size fits all plan. Everyone’s needs are different and your policy should reflect that. These are some specific questions could help you determine whether or not you would benefit from professional advice.

• Am I covered if hit by an uninsured driver?
• Can I afford to pay high deductible claims out of pocket?
• Is a fancy paint job covered?
• What is high-risk coverage and where do I buy it?
• Are all vehicle passengers covered by medical payments coverage?
• Is my camper covered by my car insurance policy?
• Is my state a no-fault state?
• What is the rate difference between pleasure use and commuting?
• Are my friends covered when driving my car?

If you can’t answer these questions but you know they apply to you, you might consider talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies. It only takes a few minutes and can provide invaluable advice.

The coverage is in the details

Having a good grasp of a insurance policy can help you determine the best coverages for your vehicles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Listed below are typical coverage types found on the average insurance policy.

Medical expense coverage – Med pay and PIP coverage kick in for bills for things like prosthetic devices, funeral costs and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and may carry a deductible

Liability car insurance – This will cover damage or injury you incur to people or other property by causing an accident. This coverage protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for things like funeral expenses, repair costs for stationary objects, attorney fees, bail bonds and repair bills for other people’s vehicles. How much coverage you buy is up to you, but consider buying as high a limit as you can afford.

Comprehensive protection – Comprehensive insurance pays for damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as hitting a deer, fire damage, hail damage, theft and hitting a bird. The maximum amount your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Uninsured or underinsured coverage – This gives you protection from other drivers when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Ford Taurus.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Frequently these limits are set the same as your liablity limits.

Collision – Collision coverage will pay to fix damage to your Taurus from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like sideswiping another vehicle, colliding with another moving vehicle, colliding with a tree and crashing into a building. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to increase the deductible to bring the cost down.

Shop smart and save

You just learned some good ideas how you can lower your 2007 Ford Taurus insurance rates. It’s most important to understand that the more times you quote, the higher your chance of finding the cheapest auto insurance. Drivers may discover the lowest rates come from a smaller regional carrier. They can often provide lower car insurance rates in certain areas than the large multi-state companies such as Allstate and Progressive.

As you quote auto insurance, don’t be tempted to buy lower coverage limits just to save a few bucks. In too many instances, consumers will sacrifice full coverage and found out when filing a claim that the savings was not a smart move. Your aim should be to purchase plenty of coverage for the lowest price, not the least amount of coverage.

Affordable 2007 Ford Taurus insurance can be bought on the web as well as from insurance agents, so you need to quote auto insurance with both to have the best rate selection. A few companies may not have internet price quotes and these regional insurance providers only sell through independent agents.

Helpful learning opportunities

• Understanding Car Crashes Video (iihs.org)
• Auto Crash Statistics (Insurance Information Insitute)
• Protecting Teens from Drunk Driving (Insurance Information Insitute)
• Vehicle Insurance in the U.S. (Wikipedia)