Compare Ford Escape Insurance Rates in Raleigh

To save the most money, the best way to get cheaper car insurance rates is to annually compare prices from different companies in Raleigh.

First, get a basic knowledge of how companies set rates and the things you can change to lower rates. Many factors that are responsible for high rates such as traffic tickets, fender benders, and a not-so-good credit score can be amended by paying attention to minor details.

Second, quote rates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only quote rates from one company like Progressive or Farmers Insurance, while independent agencies can give you price quotes from multiple insurance companies.

Third, compare the price quotes to your existing policy to determine if you can save on Escape insurance. If you find a lower rate and decide to switch, make sure there is no lapse in coverage.

Fourth, notify your company or agent to cancel your current coverage and submit the signed application along with the required initial payment to the new company. When you receive it, keep the new certificate verifying coverage above your visor, in the console, or in the glove compartment.

One thing to remember is to use similar deductibles and liability limits on every price quote and and to get rate quotes from every company you can. This enables the most accurate price comparison and a good representation of prices.

Inconceivable but true, the vast majority of consumers have been with the same company for four years or more, and almost 40% of drivers have never compared rates with other companies. Consumers in North Carolina can save as much as $94 each year by just shopping around, but they don’t want to spend time to do a rate comparison.

Car insurance policy discounts for Ford Escape insurance in Raleigh

Car insurance is easily one of your largest bills, but you may find discounts that you may not know about. A few discounts will be applied when you quote, but some may not be applied and must be manually applied prior to getting the savings.

• Payment Method – By paying your policy upfront instead of making monthly payments you can avoid the installment charge.
• Multi-policy Discount – When you have multiple policies with the same company you could save at least 10 to 15 percent or more.
• College Student – Kids living away from Raleigh attending college and don’t have a car could qualify for this discount.
• Raleigh Homeowners Discount – Owning your own home or condo may earn you a small savings since home ownership is proof of financial responsibility.
• No Claims – Insureds with no claims or accidents have much lower rates when compared to frequent claim filers.
• Discounts for Seat Belt Usage – Requiring all passengers to buckle up can save up to 10 percent (depending on the company) off PIP or medical payments premium.

A little note about advertised discounts, some of the credits will not apply to the whole policy. Some only apply to individual premiums such as comp or med pay. So when it seems like adding up those discounts means a free policy, companies wouldn’t make money that way. But any discount should help lower your overall bill.

The chart below illustrates the difference between Ford Escape insurance premiums with and without discounts applied to the premium. The premiums are based on a female driver, no claims or driving violations, North Carolina state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-car, marriage, multi-policy, and claim-free discounts applied.

Some companies that may offer policyholders these discounts are:

• The Hartford
• American Family
• Progressive
• Travelers
• Farmers Insurance
• USAA
• Liberty Mutual

If you need lower rates, check with every prospective company which discounts can lower your rates. Discounts might not be available to policyholders in every state. If you would like to view insurance companies that provide some of the discounts listed above in North Carolina, click here.

The method we recommend to compare car insurance rates for Ford Escape insurance in Raleigh takes advantage of the fact all the major auto insurance companies participate in online systems to give you rate quotes. The only thing you need to do is provide information like if you lease or own, whether you are single or married, driver ages, and if you require a SR-22. Your information is instantly provided to many different companies and they return cost estimate with very little delay.

To check rates for your Ford Escape now, click here and complete the quick form.

The providers in the list below can provide price comparisons in North Carolina. To buy the best cheap car insurance in Raleigh, we suggest you get rates from several of them to get a more complete price comparison.

Ford Escape coverage statistics

The coverage information shown below outlines detailed analysis of coverage prices for Ford Escape models. Having knowledge of how rate quotes are established can assist in making informed decisions when comparing rates.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Prices do not factor in the specific area where the vehicle is garaged which can modify price quotes greatly.

Rate comparison for different deductibles

When shopping for insurance, a common question is which comprehensive and collision deductibles to buy. The tables below may help to illustrate the rate difference between high and low insurance deductibles. The first rate estimation uses a $100 deductible and the second data table uses a $500 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Price information does not factor in specific location which can increase or decrease insurance rates greatly.

Based on this data, using a $100 deductible will cost in the ballpark of $15 more each month or $180 for a full year averaged for all Escape models than selecting the higher $500 deductible. Since the policyholder would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you tend to go more than 27 months between claims, you would most likely save money if you choose a higher deductible. The table below shows how this decision is made.

Cost difference between full coverage and liability

The example below visualizes the comparison of Ford Escape car insurance costs with liability coverage only compared to full coverage. The premiums are based on no accidents or driving violations, $100 deductibles, marital status is single, and no discounts are factored in.

When to stop paying for full coverage

There isn’t a steadfast formula of when to phase out physical damage coverage, but there is a general guideline. If the annual cost of having full coverage is about 10% or more of replacement cost minus your deductible, then it could be time to drop full coverage.

For example, let’s say your Ford Escape replacement cost is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $2,000 after the deductible is paid. If it’s costing in excess of $200 a year for full coverage, the it may be a good time to stop paying for full coverage.

There are some conditions where eliminating full coverage is not financially feasible. If you still have a loan on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not remove full coverage.

Informed Drivers Can Reduce Their Insurance Rates

When buying insurance it’s important to understand some of the factors that help calculate your premiums. When you know what positively or negatively determines premiums, this allows you to make educated decisions that can help you get lower insurance prices. Many different elements are considered when pricing auto insurance. Most are fairly basic like an MVR report, although others are not quite as obvious such as your marital status or your financial responsibility.

The list below includes a few of the things companies use to determine your prices.

• More performance means higher prices – The make and model of the car or truck you are trying to find cheaper insurance for makes a big difference in your auto insurance rates. The best insurance prices tend to be for small economy passenger vehicles, but there are many factors that impact the final cost.

  The following chart is based on a married male driver age 30, full coverage with $500 deductibles, and no discounts or violations. It shows Ford Escape policy rates compared to other models of vehicles that have a range of risk factors.

• Prices can be impacted by your employer – Did you know your job can affect your rates? Careers like lawyers, social workers, and miners tend to have higher average rates due to high stress levels and incredibly demanding work hours. On the flip side, occupations like professors, students and retirees generally pay rates lower than average.
• Lower premiums with no policy lapses – Not maintaining insurance is not a good idea and any future policy may cost more because you let your insurance coverage expire. In addition to paying higher rates, the inability to provide proof of insurance could result in fines and jail time.
• Too many insurance claims and you’ll pay more – Insurance companies in North Carolina generally give most affordable rates to insureds who only file infrequent claims. If you’re an insured who likes to file claims you can look forward to either a policy non-renewal or much higher rates. Your car insurance is designed for the large, substantial claims.

• Gender is a factor – The statistics show females are less aggressive when driving. It does not mean women are better drivers. Women and men are responsible for auto accidents at about the same rate, but men cause more damage. In addition to higher claims, males also get cited for more serious violations like DUI and reckless driving. Young males are the most expensive to insure and are penalized with high insurance rates.

  The chart below visualizes the comparison of Ford Escape insurance premiums for male and female drivers. The price estimates are based on no accidents or driving violations, full physical damage coverage, $1,000 deductibles, single status, and no discounts are factored in.

• Bundle policies and save money – Most insurers will give better rates for people who consolidate policies with them such as combining an auto and homeowners policy. The discount can add up to as much as ten percent or more Even though this discount sounds good, it’s still a good idea to compare other company rates to verify if the discount is saving money. Drivers may still save even more than the discount by buying insurance from a different company.

• Insurance loss data for a Ford Escape – Insurance companies study historical loss data to determine a rate that will be profitable for them. Models that tend to have increased losses will cost more to insure.

  The information below illustrates the insurance loss data for Ford Escape vehicles. For each coverage category, the loss probability for all vehicles combined as an average is a value of 100. Numbers shown that are under 100 represent a good loss history, while numbers that are greater than 100 indicate frequent claims or a tendency for losses to be larger than average.

  
  

  Insurance Loss Ratings for Ford Escape Vehicles

  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

  BETTER

  AVERAGE

  WORSE

  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Local Raleigh insurance agencies

Many drivers still like to get advice from a local agent and often times that is recommended One of the benefits of comparing rates online is that you can obtain better rates and still have a local agent.

To help locate an agent, after submitting this form (opens in new window), the coverage information is emailed to participating agents in Raleigh who will give you quotes for your business. It’s much easier because you don’t need to leave your computer because prices are sent to your email. You can find better rates without requiring a lot of work. If you have a need to compare rates from a specific company, you would need to search and find their rate quote page and give them your coverage information.

Finding a good company should depend on more than just a cheap price. Here are some questions to ask:

• Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
• Is assistance available after office hours?
• Do they specialize in personal lines coverage in Raleigh?
• Does the company allow you to choose your own collision repair facility?
• What kind of financial rating does the company have?
• Will the agent help in case of a claim?

Insurance agent types

When looking for a reliable insurance agency, it’s important to understand the types of insurance agents and how they can service your needs differently. Auto insurance agencies are categorized either exclusive agents or independent agents.

Exclusive Insurance Agents

These type of agents work for only one company and some examples include American Family, State Farm, and Allstate. Exclusive agents cannot compare other company’s rates so they have no alternatives for high prices. Exclusive agencies are well schooled on their company’s products which can be an advantage.

Listed below are Raleigh exclusive insurance agents who may provide you with comparison quotes.

More insurance agents

Independent Agents

Agents that choose to be independent often have many company appointments and that allows them to write policies with a variety of different insurance companies and get the cheapest rates. If they find a cheaper price, your agent can just switch to a different company and the insured can keep the same agent. If you need cheaper auto insurance rates, it’s a good idea to include at a minimum one independent agency for the best price selection.

Below is a short list of independent agents in Raleigh willing to provide price quotes.

More insurance agents

Why you need quality insurance for your Ford Escape

Even though Raleigh Escape insurance rates can get expensive, maintaining insurance may be required for several reasons.

• The majority of states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a specific minimum amount of liability insurance in order to get the vehicle licensed. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you took out a loan on your Ford, most banks will have a requirement that you carry insurance to ensure loan repayment if the vehicle is totaled. If you cancel or allow the policy to lapse, the bank will be required to insure your Ford for a lot more money and require you to reimburse them much more than you were paying before.
• Insurance protects not only your Ford Escape but also your financial assets. It will also provide coverage for medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage will also pay attorney fees in the event you are sued. If you have damage to your Ford as the result of the weather or an accident, comprehensive and/or collision insurance will pay to have it repaired.

The benefits of buying insurance more than offset the price you pay, especially with large liability claims. According to a 2015 survey, the average American driver is overpaying more than $855 a year so you should quote rates once a year at a minimum to help ensure money is not being wasted.

Best car insurance in North Carolina

Selecting a highly-rated insurer is hard considering how many choices drivers have in Raleigh. The ranking information shown next can help you decide which insurers to look at when looking for cheaper rates.

Top 10 Raleigh Car Insurance Companies Ranked by Claims Service

1. Travelers
2. Nationwide
3. Allstate
4. State Farm
5. Liberty Mutual
6. GEICO
7. American Family
8. Esurance
9. Titan Insurance
10. AAA Insurance

You can find affordable coverage

We just showed you a lot of tips how to shop for Ford Escape insurance online. The key concept to understand is the more you quote Raleigh car insurance, the better likelihood of getting the cheapest Ford Escape rate quotes. Consumers may even find the lowest priced auto insurance comes from some of the smallest insurance companies. They can often provide lower premium rates in certain areas than their larger competitors like State Farm and Allstate.

Cheaper auto insurance in Raleigh is available both online and also from your neighborhood Raleigh agents, so you need to quote Raleigh car insurance with both to get a complete price analysis. There are still a few companies who may not have online price quotes and usually these small, regional companies provide coverage only through independent insurance agencies.

When trying to cut insurance costs, do not buy less coverage just to save a little money. Too many times, consumers will sacrifice comprehensive coverage or liability limits to discover at claim time that the small savings ended up costing them much more. Your goal is to purchase a proper amount of coverage at the lowest possible cost, but do not skimp to save money.

To learn more, link through to the resources below:

• Older Driver Statistics (Insurance Information Institute)
• What Car Insurance is Cheapest for a Toyota 4Runner in Raleigh? (FAQ)
• Who Has Cheap Auto Insurance Rates for Handicapped Drivers in Raleigh? (FAQ)
• Who Has Cheap Raleigh Auto Insurance Quotes for a 20 Year Old Male? (FAQ)
• How Much are Auto Insurance Quotes for a Subaru Outback in Raleigh? (FAQ)
• Who Has Affordable Raleigh Car Insurance for a Ford F-150? (FAQ)
• Who Has the Cheapest Car Insurance Rates for a Learners Permit in Raleigh? (FAQ)
• Who Has Cheap Auto Insurance for Single Moms in Raleigh? (FAQ)
• Who Has Cheap Auto Insurance for a Dodge Ram in Raleigh? (FAQ)
• What does Personal Injury Protection (PIP) Cover? (Allstate)
• Information for Teen Drivers (GEICO)