How long has it been since you compared lower-priced Ford Escape insurance in Rochester? Being forced to pay for high-priced insurance premiums can drain your savings and force you to make sacrifices. Comparison shopping is recommended to reduce premiums and put more money in your pocket.
A study showed that over 70% of Minnesota drivers kept their coverage with the same insurance company for well over three years, and 38% of customers have never shopped around. American consumers can cut their rates by up to 46.5% a year, but they just don't understand the benefits if they moved their coverage to a different company.
There is such a variety of auto insurance companies to choose from, and though it is a good thing to be able to choose, more choices can make it harder to find a good deal for Ford Escape insurance in Rochester.
How to get free Ford Escape insurance quotes online
Many insurance companies like Allstate, GEICO and Progressive provide insurance quotes online. Getting quotes for Ford Escape insurance in Rochester is pretty painless because you just enter the coverages you want as detailed in the form. When the form is submitted, the quote system will obtain your credit score and driving record and returns pricing information based on these and other factors. Using the web to get quotes for Ford Escape insurance in Rochester simplifies rate comparisons, and it's absolutely necessary to compare as many rates as possible if you are searching for the lowest car insurance rates.
If you want to compare pricing, consider comparing rates from the companies shown below. To compare your current rates, we recommend you type in the insurance coverages identical to your current policy. Doing this assures you will be getting rate comparison quotes using the same coverage and limits.
The car insurance companies shown below have been selected to offer comparison quotes in Minnesota. If the list has multiple companies, we recommend you visit several of them to find the cheapest car insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Escape XLS 2WD||$228||$458||$350||$20||$104||$1,160||$97|
|Escape XLS 4WD||$132||$214||$270||$16||$80||$712||$59|
|Escape XLT 2WD||$126||$242||$350||$20||$104||$842||$70|
|Escape Limited 2WD||$302||$498||$364||$22||$108||$1,294||$108|
|Escape XLT 4WD||$240||$390||$326||$20||$98||$1,074||$90|
|Escape Limited 4WD||$146||$254||$274||$16||$82||$772||$64|
|Get Your Own Custom Quote Go|
Table data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Minnesota minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Premium costs do not factor in zip code location which can change price quotes significantly.
An analysis of deductible level
The illustration below demonstrates how deductible levels and can change Ford Escape insurance premiums for different age groups. The rates are based on a married female driver, comp and collision included, and no discounts are applied.
Males versus Females
The example below compares Ford Escape car insurance rates for male and female drivers. The prices are based on no claims or driving violations, comprehensive and collision coverage, $500 deductibles, marital status is single, and no policy discounts are applied.
Cost of full coverage
The example below examines Ford Escape auto insurance costs when comparing full coverage to liability only. The premium estimates are based on no claims or driving violations, $1,000 deductibles, married male driver, and no discounts are applied.
Should you be buying full coverage?
There isn't a written rule of when to exclude physical damage insurance, but there is a broad guideline. If the annual cost of having full coverage is about 10% or more of the vehicle's replacement cost less your deductible, then it's probably a good time to buy liability coverage only.
For example, let's assume your Ford Escape settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company will settle for is $3,000 after the policy deductible has been paid. If premium cost is more than $300 annually for your policy with full coverage, then you may want to consider only buying liability coverage.
There are some situations where dropping physical damage coverage is not advised. If you haven't paid off your loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you don't have enough money to buy a different vehicle in the even your car is totaled, you should not opt for liability only.
Why you need insurance
Even though it can be expensive, paying for insurance serves a purpose in several ways.
- The majority of states have minimum liability requirements which means state laws require a specific minimum amount of liability insurance coverage in order to drive the car legally. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your Ford Escape has a loan, most lenders will require you to buy insurance to guarantee payment of the loan. If you do not keep the policy in force, the bank or lender will purchase a policy for your Ford at a significantly higher premium and force you to pay much more than you were paying before.
- Insurance preserves not only your Ford but also your financial assets. Insurance will pay for many types of medical costs that are the result of an accident. Liability coverage will also pay for a defense attorney if you are sued as the result of your driving. If your Ford gets damaged, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.
The benefits of buying enough insurance more than offset the price you pay, specifically if you ever have a liability claim. In a recent study of 1,000 drivers, the average customer is overpaying more than $855 a year so smart consumers compare quotes at every policy renewal to be sure current rates are still competitive.
Eight factors that affect insurance rates
Multiple criteria are used in the calculation when you quote your car insurance policy. Some of the criteria are obvious such as your driving record, but some are less obvious such as your credit history or your financial responsibility.
Lower rates with a multi-policy discount - Lots of insurers allow discounts to clients who carry more than one policy such as combining an auto and homeowners policy. The discount can add up to as much as ten percent or more If you currently are using one company, you may still want to compare Ford Escape rates in Rochester to help guarantee you have the best rates.There is a good possibility that you can save money by buying insurance from more than one company.
Bad credit will cost you - Having a bad credit score is a large factor in your rate calculation. So if your credit is lower than you'd like, you could save money insuring your Ford Escape by improving your credit score. Drivers who have high credit ratings tend to be less risk to insure than drivers with lower credit scores.
Your liability limits - Your auto insurance policy's liability coverage provides coverage when you are found liable for damages caused by your negligence. It will provide legal defense coverage to defend your case. Liability is cheap compared to insuring for physical damage coverage, so drivers should make sure they buy enough to cover all assets.
More stress means more cost - Jobs such as military generals, executives and miners usually pay higher premiums than the average policyholder in part from stressful work requirements and lots of time spent at work. On the flip side, careers like scientists, athletes and the unemployed receive lower rates.
Raise comp and collision deductibles and save - The deductibles tell how much you are willing to pay out-of-pocket before a claim is paid by your company. Protection for physical damage, also called 'full coverage', covers damage that occurs to your car. Some examples of covered claims would be collision with another vehicle, hail damage, and damage from wind. The more money you are required to pay out-of-pocket, the less your company will charge you for insurance.
Save by driving safer cars - Vehicles with good safety scores cost less to insure. Vehicles built for safety result in less severe injuries and better occupant protection means less money paid by your insurance company and more competitive rates for policyholders. If your Ford Escape is rated at least four stars on Safercar.gov or an "acceptable" rating on iihs.org it is probably cheaper to insure.
City traffic equals higher rates - Having an address in less populated areas can save you money when shopping for auto insurance. Fewer drivers on the road corresponds to lower accident rates as well as less vandalism and auto theft. Drivers in populated Minnesota areas tend to have much more traffic and longer commutes to work. More time on the road means higher likelihood of an accident.
Keep insurance claims to a minimum - Insurance companies in Minnesota provide cheaper rates to people who file claims infrequently. If you're an insured who likes to file claims you can definitely plan on increased rates or even have your policy non-renewed. Insurance coverage is intended to be relied upon for larger claims.
Insurance loss probability for a Ford Escape - Insurance companies use past insurance losses to help calculate a profitable premium price. Vehicles that the data shows to have a trend towards higher claims will have a higher premium rate.
The next table shows the historical insurance loss data for Ford Escape vehicles. For each type of coverage, the claim amount for all vehicles as a whole is equal to 100. Values that are below 100 indicate better than average losses, while values over 100 indicate more frequent losses or tendency to have larger claims.
Car Insurance Loss Data for Ford Escape Models
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Ford Escape 4dr 2WD||80||91||83||94||94||92|
|Ford Escape 4dr 4WD||81||84||94||85||90||77|
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Affordable Rochester insurance rates with discounts
Insurance is neither fun to buy or cheap, but you can get discounts that can help lower your rates. A few discounts will be applied when you quote, but a few need to be asked about before you will receive the discount.
- No Claim Discounts - Insureds who avoid accidents and claims can earn big discounts in comparison with bad drivers.
- Multiple Cars - Buying a policy with several vehicles with one company may reduce the rate for each vehicle.
- Bundle and Save - If you have multiple policies with the same insurance company you could earn a discount of over 10 percent off each policy depending on the company.
- Include Life Insurance and Save - Larger insurance carriers have a discount if you purchase some life insurance in addition to your auto policy.
- Discounts for Government Workers - Federal government employees can save as much as 8% depending on your insurance provider.
As is typical with insurance, many deductions do not apply to your bottom line cost. Some only reduce the cost of specific coverages such as liability and collision coverage. So when the math indicates adding up those discounts means a free policy, it doesn't quite work that way. Any amount of discount should help reduce your insurance premiums.
For a list of insurance companies who offer free Ford Escape insurance quotes in Rochester, click this link.
Which is the best auto insurance?
Always remember that when buying the right insurance coverage for your personal vehicles, there isn't really a single plan that fits everyone. Coverage needs to be tailored to your specific needs and a cookie cutter policy won't apply. Here are some questions about coverages that might help in determining if your insurance needs might need an agent's assistance.
- When can my company non-renew my policy?
- What if a claim settlement is too low?
- Do I need rental car coverage?
- Does rental coverage apply when I am renting a car?
- Am I insured when driving a different vehicle?
- Is other people's property covered if stolen from my vehicle?
- Does coverage extend to my business vehicle?
- Do I need to call my car insurance company before buying a new car?
If it's difficult to answer those questions, you might consider talking to an agent. To find lower rates from a local agent, complete this form or click here for a list of auto insurance companies in your area.
Car insurance agents are trained to help
Some people still like to visit with an insurance agent and doing that can be a smart decision A nice benefit of comparing rates online is the fact that drivers can get lower prices and still buy from a local agent.
To find an agent, once you fill out this quick form, the coverage information is transmitted to insurance agents in Rochester who will give competitive quotes to get your business. It makes it easy because there is no need to visit any agencies since price quotes are sent to you. You can most likely find cheaper rates AND a local agent. If you wish to compare rates for a specific company, don't hesitate to find their quoting web page to submit a rate quote request.
Choosing the best company needs to be determined by more than just the quoted price. The questions below may impact your decision as well.
- Do they specialize in personal lines auto insurance in Rochester?
- Do you qualify for any additional discounts?
- Does the company have a local claim office in Rochester?
- What companies can they write with?
- Is the agent CPCU or CIC certified?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Is vehicle damage repaired with OEM or aftermarket parts?
Types of auto insurance agents
If you want a local Rochester insurance agency, you must know there are a couple different types of agents that you can select. Agents in Rochester can either be independent or exclusive.
Agents in the exclusive channel generally can only insure with one company and examples are State Farm, Allstate, and Farm Bureau. Exclusive agents cannot give you multiple price quotes so always compare other rates. Exclusive agents are highly trained on their products and sales techniques which helps them sell on service rather than price.
Below are exclusive insurance agencies in Rochester that can give you comparison quotes.
Independent Insurance Agents
Independent agents often have affiliation with several companies and that is an advantage because they can write policies with multiple insurance companies depending on which coverage is best. If they quote lower rates, they can switch companies in-house which makes it simple for you.
When comparing rates, you will want to compare quotes from multiple independent agents to have the best price comparison.
Listed below is a list of independent agents in Rochester that can give you rate quotes.
Don't give up on affordable rates
As you go through the steps to switch your coverage, do not buy lower coverage limits just to save a few bucks. Too many times, an accident victim reduced liability limits or collision coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your objective should be to buy enough coverage at the best price and still be able to protect your assets.
We just covered a lot of ways to find cheap Ford Escape insurance in Rochester. The key concept to understand is the more price quotes you have, the higher the chance of saving money. Drivers may even discover the lowest prices come from the smaller companies. Regional companies can often insure niche markets at a lower cost compared to the large companies like Allstate or State Farm.
Much more information about auto insurance in Minnesota can be read at the links below
- Teen Driving Statistics (iihs.org)
- How Much is Auto Insurance for 19 Year Olds in Minnesota? (FAQ)
- What Auto Insurance is Cheapest in Minnetonka, Minnesota? (FAQ)
- Who Has Cheap Auto Insurance for Good Drivers in Minnesota? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Teenagers in Minnesota? (FAQ)
- Who Has Affordable Car Insurance Quotes for a Toyota RAV4 in Minnesota? (FAQ)
- Liability Insurance Coverage (Nationwide)
- How Much Auto Coverage do I Need? (Insurance Information Institute)