Trying to find lower auto insurance rates for your Ford Escape? Are you a victim of an underperforming, overpriced auto insurance policy? Say no more because there are many consumers feeling the pinch from expensive auto insurance. You have multiple car insurance companies to purchase coverage from, and although it’s nice to have a selection, so many choices can make it hard to find a good deal.
It’s a good habit to do price comparisons at least once a year because prices change frequently. Just because you had the best price for Escape insurance six months ago there may be better deals available now. Ignore everything you know about auto insurance because we’re going to show you how to use the internet to save money, get proper coverage and the best rates.
Cutting your auto insurance rates doesn’t have to be difficult. The only requirement is to take the time comparing rate quotes from some recommended companies. Price comparisons can be done in a couple of different ways.
Whichever method you choose, try to keep the same deductibles and coverage limits with every price quote. If you compare unequal deductibles or liability limits you will not be able to determine the best price for your Ford Escape.
When it comes to buying adequate coverage, there really is no perfect coverage plan. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. Here are some questions about coverages that can help discover if you would benefit from an agent’s advice.
If you can’t answer these questions but one or more may apply to you, you may need to chat with an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It is quick, free and may give you better protection.
Having a good grasp of insurance can help you determine the right coverages and proper limits and deductibles. Policy terminology can be confusing and coverage can change by endorsement. Shown next are the usual coverages offered by insurance companies.
Medical payments and PIP coverage – Coverage for medical payments and/or PIP provide coverage for short-term medical expenses such as X-ray expenses, funeral costs, rehabilitation expenses, doctor visits and prosthetic devices. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. Coverage applies to you and your occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage
Comprehensive auto coverage – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things such as fire damage, hitting a bird, damage from a tornado or hurricane and rock chips in glass. The most a insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Collision coverages – This coverage covers damage to your Escape resulting from a collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims like scraping a guard rail, rolling your car, damaging your car on a curb, hitting a parking meter and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. It’s also possible to bump up the deductible to bring the cost down.
Auto liability insurance – This coverage will cover damages or injuries you inflict on a person or their property. This insurance protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.
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 50/100/50 which means a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Another option is one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability coverage protects against claims such as repair costs for stationary objects, loss of income, structural damage and emergency aid. How much liability coverage do you need? That is a personal decision, but buy as high a limit as you can afford.
UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Ford Escape.
Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Frequently these coverages are similar to your liability insurance amounts.