Compare Ford Taurus Insurance Rates in Raleigh

If saving money is your primary concern, then the best way to quote cheaper auto insurance rates is to start comparing rates regularly from insurers who provide auto insurance in Raleigh. Price quotes can be compared by completing these steps.

First, it will benefit you to learn about how companies price auto insurance and the steps you can take to prevent expensive coverage. Many policy risk factors that cause rate increases like speeding tickets, accidents and poor credit can be controlled by making minor changes to your lifestyle. Keep reading for additional tips to help prevent costly coverage and find possible discounts that are available.

Second, compare rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only quote rates from a single company like Progressive or Allstate, while agents who are independent can provide rate quotes for a wide range of insurance providers. Compare rates

Third, compare the price quotes to your existing coverage to see if a cheaper rate is available. If you can save some money, make sure there is no lapse in coverage.

Fourth, notify your agent or company of your intent to cancel your existing policy and submit the signed application along with the required initial payment for the new coverage. Once the application is submitted, place the new certificate verifying coverage with the vehicle registration.

One thing to point out is to try to use identical coverage information on every quote and and to analyze as many auto insurance providers as possible. This provides a level playing field and the best price quote selection.

It’s hard to believe, but almost 70% of insureds kept their coverage with the same auto insurance company for well over three years, and just under half have never compared quotes from other companies. Drivers in North Carolina could cut their rates by approximately $100 a year, but most undervalue the rate savings if they switched to a more affordable policy.

Companies offering Ford Taurus insurance in North Carolina

The auto insurance companies shown below can provide price comparisons in Raleigh, NC. To locate the best cheap car insurance in Raleigh, we recommend you visit several of them to get the best price comparison.

Statistics and details

The premium table below outlines detailed analysis of coverage costs for Ford Taurus models. Being aware of how insurance policy premiums are figured is important to be able to make informed purchases.

Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Premium amounts do not factor in your specific Raleigh location which can influence insurance rates substantially.

An analysis of deductible level

When buying car insurance, a common question is which deductible level should you buy. The comparison tables below determine the rate difference when you buy lower versus higher deductibles. The first rate comparisons uses a $100 deductible for physical damage and the second rate chart uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Information does not factor in your specific Raleigh location which can increase or decrease premium rates greatly.

Based on this data, using a $100 deductible costs approximately $21 more each month or $252 a year than choosing the higher $500 deductible. Since the policyholder would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you have at least 19 months between claims, you would more than likely save some money by going with a higher deductible. The numbers below show the way you can perform this determination yourself.

The illustration below demonstrates how choosing different deductibles and can raise or lower Ford Taurus insurance costs for different categories of driver ages. The price estimates are based on a single female driver, full coverage, and no discounts are taken into consideration.

Full coverage rates compared to liability-only

The illustration below shows the comparison of Ford Taurus insurance prices with and without full coverage. The prices are based on no accidents, no driving violations, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.

Are you wasting money paying for full coverage?

There is no written rule to stop buying comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is 10% or more of the settlement you would receive from your company, then you might consider buying liability only.

For example, let’s say your Ford Taurus replacement cost is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $5,000 after the deductible is paid. If you are paying in excess of $500 a year for full coverage, then it’s probably a good time to buy liability coverage only.

There are a few cases where only buying liability is not a good plan. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.

Don’t overlook these Ford Taurus insurance discounts

Some providers do not list all their discounts in an easy-to-find place, so we researched some of the best known as well as some of the hidden car insurance savings.

• Discounts for Responsible Drivers – Safe drivers can pay as much as 50% less compared to rates paid by drivers with frequent claims.
• Distant College Student Discount – Any of your kids who live away from home at college and do not take a car to college can receive lower rates.
• Waiver for an Accident – Not necessarily a discount, but a few companies such as Liberty Mutual, Allstate and State Farm will forgive one accident without raising rates if you have no claims for a certain period of time.
• Federal Government Employee – Being employed by or retired from a federal job may qualify for a discount when you quote Raleigh auto insurance depending on your car insurance provider.
• Life Insurance Discount – Not every insurance company offers life insurance, but if they do you may earn a lower price if you buy a life policy as well.
• Safety Course Discount – Completing a defensive driving class could earn you a small percentage discount and easily recoup the cost of the course.

It’s important to understand that most discount credits are not given to your bottom line cost. Some only apply to individual premiums such as liability and collision coverage. Despite the fact that it seems like all those discounts means the company will pay you, company stockholders wouldn’t be very happy.

The chart below visualizes the comparison of Ford Taurus insurance premiums with and without discounts. The data is based on a female driver, no violations or accidents, North Carolina state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, marriage, multi-policy, safe-driver, and claim-free discounts applied.

A list of car insurance companies and a partial list of their discounts are:

• State Farm discounts include anti-theft, Steer Clear safe driver discount, driver’s education, good student, student away at school, and good driver.
• GEICO may offer discounts for driver training, federal employee, good student, emergency military deployment, air bags, daytime running lights, and seat belt use.
• Allstate policyholders can earn discounts including resident student, good payer, good student, safe driver, premier discount, FullPay discount, and auto/life discount.
• SAFECO has discounts for safe driver, teen safe driver, anti-theft, anti-lock brakes, accident prevention training, multi-car, and teen safety rewards.
• Farm Bureau has savings for multi-policy, 55 and retired, safe driver, renewal discount, youthful driver, and good student.
• Progressive offers discounts including homeowner, online quote discount, online signing, continuous coverage, multi-vehicle, and multi-policy.
• AAA offers premium reductions for multi-car, good driver, AAA membership discount, anti-theft, multi-policy, education and occupation, and good student.

Before you buy a policy, ask all companies you are considering what discounts are available to you. Discounts might not be offered in Raleigh.

Why Your Insurance Premiums might be higher

Lots of things are part of the equation when you get a price on insurance. Some are pretty understandable such as your driving history, although others are not quite as obvious like where you live or your financial responsibility. An important part of buying insurance is that you know some of the things that help calculate insurance rates. If you have some idea of what positively or negatively impacts your premiums, this empowers consumers to make smart changes that may reward you with lower premium levels.

• Liability insurance is important – Your policy’s liability coverage will provide protection if ever a court rules you are at fault for causing damage or personal injury in an accident. Your policy’s liability insurance provides you with a defense in court to defend your case. Liability is cheap compared to physical damage coverage, so drivers should make sure they buy enough to cover all assets.
• Put fewer miles on your vehicle – Driving more miles in a year the more you will pay for insurance. Most companies charge to insure your cars based upon how you use the vehicle. Autos used primarily for pleasure use qualify for better rates than vehicles that are driven to work every day. Double check that your insurance policy shows the proper vehicle usage, because it can save money. An improperly rated Taurus is just wasting money.
• Pay less with a high IIHS safety rating – Cars with high safety ratings tend to have better insurance rates. Safer cars protect occupants better and lower injury rates means less claims paid and thus lower rates. If your Ford is rated at a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
• Lower rates by increasing coverage deductibles – Coverage for physical damage, termed comprehensive and collision coverage on your policy, covers your vehicle from damage. Examples of some claims that would be covered are a broken windshield, hitting a deer, and burglary. Your deductibles state the amount of money you are required to spend out-of-pocket if the claim is covered. The more expense you are required to pay out-of-pocket, the better rate you will receive.
• Big cities mean more claims – Residing in a rural area may provide you with better prices when shopping for auto insurance. Fewer drivers and short commutes translates into fewer accident claims in addition to fewer liability claims. People in densely populated areas tend to have much more traffic and higher rates of accident claims. More time behind the wheel statistically corresponds to a higher accident and claim rate.

• Ford Taurus claim statistics – Companies use claims history to calculate a price that will offset losses. Vehicles that have a trend towards higher claim severity or frequency will have a higher premium rate. The table below illustrates the historical loss data for Ford Taurus vehicles.

  For each type of coverage, the claim amount for all vehicles combined as an average equals 100. Values under 100 indicate better than average losses, while values that are above 100 indicate more frequent claims or statistically larger losses.

  
  

  Ford Taurus Insurance Claim Statistics

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Ford Taurus 2WD	109	88	134	115	115	101
  Ford Taurus 4WD	120	78	141	124
  Ford Taurus SHO 4WD	143	96	185	84	103

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Buying insurance from Raleigh auto insurance agents

Many drivers prefer to sit down and talk to an agent and that is just fine! Professional insurance agents can answer important questions and help file insurance claims. One of the best bonuses of comparing rates online is you may find cheap rate quotes but also keep your business local. Supporting neighborhood agents is especially important in Raleigh.

Upon completion of this simple form, your insurance coverage information is sent to agents in your area who will give you quotes for your insurance coverage. It’s much easier because you don’t need to even leave your home since price quotes are sent to you. If you need to get a price quote from a specific company, you can always visit that company’s website and fill out their quote form.

When searching for a reputable agency, there are two different types of agencies and how they are slightly different. Insurance agents in Raleigh are either independent or exclusive. Both types can properly insure your vehicles, but it is important to understand the difference between them since it can affect the type of agent you choose.

Independent Insurance Agencies or Brokers

Independent agents do not work for one specific company and that enables them to quote your coverage with an assortment of companies and find the cheapest insurance rates. If you want to switch companies, the agent simply finds a different carrier and the insured can keep the same agent.

When comparing rate quotes, we recommend you compare quotes from at a minimum one independent agency for maximum quote selection.

Shown below is a partial list of independent agents in Raleigh that may be able to give free insurance rate quotes.

View more Raleigh agents

Exclusive Insurance Agents

Agents that choose to be exclusive can only provide pricing for a single company like American Family, State Farm, and Allstate. They generally cannot provide other company’s prices so if the price isn’t competitive there isn’t much they can do. Exclusive agencies are well trained on their company’s products which helps offset the inability to provide other markets.

The following is a short list of exclusive insurance agents in Raleigh that are able to give rate quotes.

View more Raleigh agents

Choosing an auto insurance agent should include more criteria than just the price. These are some questions you should get answers to.

• Do they receive special compensation for putting your coverage with one company over another?
• Is vehicle damage repaired with OEM or aftermarket parts?
• Is their price quote a firm figure or are their hidden costs?
• How much can you save by raising your physical damage deductibles?
• Which insurance companies are they affiliated with?
• Will your rates increase after a single accident?
• Which company do they place the most coverage with?
• Does the agency have a current Errors and Omissions policy?

After receiving good responses to any questions you may have as well as a affordable price, it’s a good possibility that you have found an insurance agent that is professional and can adequately provide insurance.

Cheaper auto insurance rates are available

Low-cost Ford Taurus insurance in Raleigh is available on the web in addition to local insurance agencies, so you should be comparing quotes from both in order to have the best chance of saving money. A few companies do not offer rates over the internet and usually these smaller providers prefer to sell through independent agents.

When getting Raleigh auto insurance quotes online, do not sacrifice coverage to reduce premiums. In many cases, drivers have reduced uninsured motorist or liability limits and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to buy the best coverage you can find at an affordable rate and still be able to protect your assets.

Additional detailed information can be read in the articles below:

• Avoiding Deer Collisions (Insurance Information Institute)
• Who Has Affordable Raleigh Car Insurance Rates for Drivers with a Bad Driving Record? (FAQ)
• Who Has Cheap Auto Insurance Rates for Handicapped Drivers in Raleigh? (FAQ)
• Auto Insurance Learning Center (State Farm)
• Understanding Car Crashes Video (iihs.org)