Think you have high-priced Ford Escape insurance in Indianapolis? Believe me, there are a lot of people in Indianapolis just like you who feel imprisoned by their car insurance policy.
Shocking but true, a large majority of car insurance policyholders in Indiana kept their coverage with the same car insurance company for at least four years, and nearly 40% of drivers have never shopped around. American drivers can cut their rates by roughly $850 a year by just shopping around, but they just don't want to find cheap rates by getting comparison quotes. Companies like GEICO, Farmers Insurance and State Farm continually hit you with ad campaigns and it is difficult to sift through the bull and do the work needed to find the best deal.
Ford Escape insurance discounts in Indianapolis
Auto insurance companies do not list every discount very well, so the below list has some of the best known in addition to some of the lesser obvious discounts you could be receiving when you buy Indianapolis auto insurance online.
- Senior Citizen Discount - Drivers that qualify as senior citizens may qualify for better insurance rates.
- Early Signing - Some insurance companies reward drivers for switching policies before your current expiration date. You can save around 10% with this discount.
- Theft Deterrent - Cars, trucks, and SUVs with anti-theft systems are stolen with less frequency and that can save you a little bit as well.
- Discounts for Government Workers - Being employed by or retired from a federal job can earn a discount up to 10% with certain companies.
- Accident Waiver - This isn't a discount exactly, but certain companies will turn a blind eye to one accident without getting socked with a rate hike so long as you are claim-free for a specific time period.
Remember that most discounts do not apply to the entire cost. Some only reduce individual premiums such as comprehensive or collision. Just because it seems like you can get free auto insurance, nobody gets a free ride.
A partial list of companies that may have some of the above discounts include:
Before purchasing a policy, check with each insurance company which discounts can lower your rates. Some of the earlier mentioned discounts might not apply everywhere.
The car insurance companies shown below are our best choices to provide price quotes in Indiana. If several companies are displayed, we suggest you click on several of them in order to find the most affordable rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Escape XLS 2WD||$162||$310||$270||$16||$80||$838||$70|
|Escape XLS 4WD||$114||$186||$244||$14||$72||$630||$53|
|Escape XLT 2WD||$192||$330||$246||$14||$74||$856||$71|
|Escape Limited 2WD||$152||$250||$270||$16||$80||$768||$64|
|Escape XLT 4WD||$152||$188||$312||$18||$94||$764||$64|
|Escape Limited 4WD||$136||$244||$224||$14||$68||$686||$57|
|Get Your Own Custom Quote Go|
Prices above based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Prices do not factor in vehicle garaging location which can influence rates substantially.
Premiums by gender and age
The illustration below shows the comparison of Ford Escape auto insurance costs for male and female drivers. The premium estimates are based on no claims or violations, comprehensive and collision coverage, $250 deductibles, marital status is single, and no discounts are applied.
How much more does full coverage cost?
The chart below illustrates the comparison of Ford Escape car insurance rates with full coverage and liability only. The data is based on a clean driving record, no claims, $500 deductibles, married male driver, and no discounts are taken into consideration.
Should you pay for full coverage?
There is no clear-cut rule for eliminating physical damage coverage, but there is a general guideline you can use. If the yearly cost of full coverage is about 10% or more 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 assume your Ford Escape replacement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $7,000 after paying the physical damage deductible. If you are paying more than $700 a year for full coverage, then it may be the right time to buy liability only.
There are a few cases where only buying liability is not financially feasible. If you haven't satisfied your loan, you have to carry full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not opt for liability only.
Higher deductibles save money
The chart below shows how different deductible levels and can change Ford Escape premium costs for different categories of driver ages. The price estimates are based on a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
Should I contact an insurance agency?
Many drivers still like to talk to a local agent and doing that can be a smart decision Most agents can point out coverage gaps and help file insurance claims. One of the benefits of comparing rates online is the fact that you can find cheap rate quotes and still have an agent to talk to.
Once you complete this quick form, your information is immediately sent to insurance agents in Indianapolis who will give competitive quotes to get your business. It's much easier because you don't need to drive around since rate quotes are delivered to you. If you wish to compare rates from one company in particular, you just need to search and find their rate quote page and give them your coverage information.
Finding the right insurance company requires more thought than just a cheap price. Before buying a policy in Indianapolis, get answers to these questions.
- Is every driver in your family covered?
- Will the company cover a rental car if your car is getting fixed?
- Do you work with a CSR or direct with the agent?
- Is the agent and/or agency licensed to do business in Indiana?
- What is the financial rating for the quoted company?
- Can they give you a list of client referrals?
When finding a reliable agent, you should know the different agency structures and how they differ in how they quote coverages. Agents are either exclusive or independent. Both do a good job, but it's important to point out the difference in how they write coverage since it can impact the type of agent you choose.
Exclusive Insurance Agencies
These agents are contracted to one company like Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents cannot provide other company's prices so if the price isn't competitive there isn't much they can do. Exclusive agents are highly trained on their company's products which helps offset the inability to provide other markets.
Listed below is a short list of exclusive insurance agents in Indianapolis that can give you comparison quotes.
Independent Insurance Agents
Agents that choose to be independent can quote rates with many companies so they have the ability to put coverage with lots of companies and get you the best rates possible. If they find a lower price, your policy is moved internally and you can keep the same agent.
When shopping rates, it's recommended you compare quotes from a few independent agents to get the best comparison.
Shown below is a list of independent agencies in Indianapolis who can help you get price quotes.
After receiving positive feedback to any questions you have and a good coverage price, chances are good that you have found an insurance agent that can insure your vehicles.
Persistent drivers can save
In this article, we presented many tips how you can get a better price on Ford Escape insurance in Indianapolis. The most important thing to understand is the more times you quote, the better your chances of lowering your prices. Consumers could even find that the best premium rates are with the smaller companies. They may often insure only within specific states and give getter rates as compared to the big name companies such as Progressive and GEICO.
Cheaper car insurance in Indianapolis is definitely available both online as well as from insurance agents, and you need to price shop both in order to have the best chance of saving money. Some car insurance companies do not provide the ability to get a quote online and usually these small, regional companies prefer to sell through independent agents.
For more information, feel free to browse the following helpful articles:
- Where can I buy Insurance? (Insurance Information Institute)
- Who Has Cheap Auto Insurance for a Kia Forte in Indiana? (FAQ)
- Who Has Affordable Auto Insurance for a 20 Year Old Female in Indiana? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Uninsured Drivers in Indiana? (FAQ)
- Who Has Cheap Indiana Auto Insurance Quotes for Electric Cars? (FAQ)
- What is the Best Cheap Car Insurance in New Albany, Indiana? (FAQ)
- Front crash protection reduces rear-end crashes (Insurance Institute for Highway Safety)
- Tools for Teen Driving Safety (State Farm)
- Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)