No sane person rejoices having to buy insurance, especially when the cost is too high.
Regrettably, nearly 70% of drivers have remained with the same insurance company for more than four years, and just under half have never even compared rates from other companies. Fort Wayne drivers could pocket as much as 55% a year just by comparing rates, but they won't spend time to find affordable insurance rates.
Multiple insurers compete for your insurance dollar, so it can be very hard to choose a company and get the definite best price available on Ford Expedition insurance in Fort Wayne.
Affordable companies for Ford Expedition insurance
The companies in the list below can provide free quotes in Indiana. If multiple providers are shown, we suggest you click on several of them to get the lowest price.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Expedition SSV 2WD||$132||$218||$288||$18||$86||$742||$62|
|Expedition XLT 2WD||$220||$362||$322||$20||$96||$1,020||$85|
|Expedition SSV 4WD||$146||$260||$310||$18||$92||$826||$69|
|Expedition XLT 4WD||$200||$294||$238||$14||$72||$818||$68|
|Expedition Eddie Bauer 2WD||$212||$436||$230||$14||$68||$960||$80|
|Expedition Limited 2WD||$272||$514||$238||$14||$72||$1,110||$93|
|Expedition Eddie Bauer 4WD||$210||$426||$224||$14||$68||$942||$79|
|Expedition King Ranch 4WD||$310||$430||$312||$18||$94||$1,164||$97|
|Expedition King Ranch 2WD||$302||$530||$322||$20||$96||$1,270||$106|
|Expedition Limited 4WD||$168||$270||$238||$14||$72||$762||$64|
|Get Your Own Custom Quote Go|
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Prices do not factor in Fort Wayne location which can change rates noticeably.
Difference between full coverage and liability only rates
The diagram below visualizes the comparison of Ford Expedition annual premium costs with full physical damage coverage compared to only buying liability only. The costs are based on no accidents, no driving violations, $250 deductibles, married female driver, and no discounts are factored in.
When to stop buying physical damage coverage
There is no definitive guideline of when to drop physical damage coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is more than 10% of any settlement you would receive from your insurance company, then it's probably a good time to buy liability coverage only.
For example, let's pretend your Ford Expedition book value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company will settle for is $4,000 after the deductible is paid. If it's costing you more than $400 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are a few cases where only buying liability is not a good plan. If you still have a lienholder on your title, you have to keep full coverage to protect the lienholder's interest. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should maintain full coverage.
Auto insurance policy discounts you can't miss
Insurance can cost an arm and a leg, but there may be some discounts that could drop your premiums quite a bit. Some discounts will apply when you purchase, but less common discounts must be specifically requested before they will apply. If you are not receiving all the discounts available, you are throwing money away.
- Fewer Miles Equal More Savings - Fewer annual miles on your Ford could earn lower auto insurance rates on the low mileage vehicles.
- Good Students Pay Less - A discount for being a good student can earn a discount of 20% or more. Most companies allow this discount until age 25.
- Lower Rates for Military - Being on active deployment in the military could mean lower rates.
- Claim Free - Insureds with no claims or accidents pay much less in comparison with drivers who are more careless.
- Drivers Ed for Students - Cut your cost by having your teen driver enroll in driver's education in school or through a local driver safety program.
- Memberships - Being in qualifying employment or professional organizations is a good way to get lower rates on your next renewal.
- Online Discount - A few larger online companies will provide an incentive for buying your policy on the web.
- Safe Driver Discount - Safe drivers can pay as much as 50% less compared to rates paid by drivers with frequent claims.
- Theft Prevention Discount - Cars and trucks equipped with tracking devices and advanced anti-theft systems prevent vehicle theft and will save you 10% or more on Expedition insurance in Fort Wayne.
It's important to note that most discounts do not apply to the entire policy premium. A few only apply to the cost of specific coverages such as liability, collision or medical payments. If you do the math and it seems like all the discounts add up to a free policy, you won't be that lucky.
Car insurance companies who might offer these money-saving discounts possibly include:
If you want cheaper Fort Wayne car insurance quotes, ask every insurance company to apply every possible discount. Some of the discounts discussed earlier may not be offered in your state. To view auto insurance companies with significant discounts in Indiana, click here.
Eight Things That Affect Your Insurance Rates
Lots of things are used when you get your auto insurance bill. A few of the factors are predictable like a motor vehicle report, although others are less apparent like your continuous coverage or your vehicle rating.
Stay claim-free and lower rates - Insurance companies in Indiana award the lowest premiums to drivers who file claims infrequently. If you are the type of insured that files lots of claims you can pretty much guarantee either higher rates or even cancellation. Your insurance policy is intended to be relied upon for larger claims.
Save money by eliminating extra policy coverages - There are many additional extra coverages you can purchase if you don't pay attention. Add-on coverages like rental car reimbursement, towing coverage, and motor club memberships may not be needed and are just wasting money. You may think they are a good idea at first, but your money might be better spent on other coverage so eliminate them to save money.
Higher deductibles lower prices - Comp and collision deductibles are the amount of money you are willing to pay if a claim is determined to be covered. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Examples of covered claims could be rearending another vehicle, hail damage, and damage caused by road hazards. The higher the amount you choose to pay out-of-pocket, the better rate you will receive.
High premiums for teenage drivers - Drivers with little experience are statistically proven to be inattentive and easily distracted in a vehicle so they pay higher auto insurance rates. Older, more experienced drivers are shown to be more cautious, cost insurance companies less in claims, and get fewer tickets.
Save money by having multiple policies - Most major auto insurance companies give a discount to insureds that purchase more than one policy, otherwise known as a multi-policy discount. The discount can add up to as much as ten percent or more Even if you're getting this discount consumers should still shop around to guarantee you are still saving the most.
What's your car's crash test rating? - Vehicles with good safety scores tend to have better insurance rates. Vehicles engineered for safety have better occupant injury protection and better occupant protection means less money paid by your insurance company and cheaper rates on your policy. If your Ford scored better than an "acceptable" rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
Marriage can save you money - Walking down the aisle may save some money when shopping for auto insurance. Having a significant other demonstrates that you tend to be less irresponsible and it's statistically proven that married drivers get in fewer accidents.
Vehicle options that cut prices - Purchasing a vehicle that has an advanced theft prevention system can help lower your rates. Anti-theft features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder auto theft.
Ford Expedition claim statistics - Car insurance companies analyze past claim statistics to calculate a price that will offset losses. Vehicles that the statistics show to have higher prevalence or dollar amount of losses will have higher rates. The table below demonstrates the historical loss data for Ford Expedition vehicles.
For each coverage category, the claim probability for all vehicles averaged together equals 100. Values that are below 100 represent a good loss history, while percentage values above 100 indicate more frequent claims or statistically larger claims.
Ford Expedition Insurance Claim Statistics
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Ford Expedition 4dr 2WD||67||88||82||55||45||70|
|Ford Expedition 4dr 4WD||70||98||90||54||62||56|
|Ford Expedition EL 4dr 2WD||74||104||97||52|
|Ford Expedition EL 4dr 4WD||88||96||110||63||60||96|
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Are insurance agents used anymore?
Some consumers still prefer to visit with an insurance agent and that can be a smart move The best thing about getting free rate quotes online is you may find cheap rate quotes and also buy local. Buying from and supporting local insurance agencies is important especially in Fort Wayne.
After completing this form (opens in new window), your insurance coverage information is submitted to local insurance agents who will gladly provide quotes for your auto insurance coverage. It's much easier because you don't need to drive around because quoted prices will be sent to the email address you provide. You'll get the best rates without the usual hassles of price shopping. If for some reason you want to get a rate quote from a particular provider, you just need to jump over to their website and submit a quote form there.
Selecting an company needs to be determined by more than just a cheap quote. Ask your prospective agent these questions:
- How often do they review policy coverages?
- Does the agency have a current Errors and Omissions policy?
- How much experience to they have in personal lines coverages?
- If you are a high risk driver, do they have special markets for your coverage?
- Can you use your own choice of collision repair facility?
- How many companies do they write for?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Do they feel the quoted coverages are adequate?
Do the work, save more money
We covered a lot of information how to get a better price on Ford Expedition insurance in Fort Wayne. The most important thing to understand is the more providers you compare, the better likelihood of getting low cost Fort Wayne car insurance quotes. You may even find the best prices are with a small mutual company. Smaller companies may have significantly lower rates on certain market segments compared to the large companies like Allstate, GEICO and Progressive.
When trying to cut insurance costs, never reduce coverage to reduce premium. In many instances, an insured cut liability coverage limits and discovered at claim time that their decision to reduce coverage ended up costing them more. The ultimate goal is to get the best coverage possible at the best price while still protecting your assets.
To learn more, take a look at these articles:
- Choosing a Car for Your Teen (State Farm)
- What is the Best Auto Insurance in Fishers, IN? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Teenagers in Indiana? (FAQ)
- How Much is Auto Insurance for Infrequent Drivers in Indiana? (FAQ)
- Who Has the Cheapest Car Insurance Rates for a Toyota Camry in Indiana? (FAQ)
- Who Has Affordable Auto Insurance Rates for Uber Drivers in Indiana? (FAQ)
- Who Has Affordable Auto Insurance Rates for a Toyota Tundra in Indiana? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Business Use in Indiana? (FAQ)
- What Insurance is Cheapest for a Jeep Grand Cherokee in Indiana? (FAQ)
- Should I Buy a New or Used Car? (Allstate)
- Uninsured Motorist Statistics (Insurance Information Institute)
- Can I Drive Legally without Insurance? (Insurance Information Institute)