Searching for cheaper Fort Wayne Ford Escape insurance quotes can appear to be somewhat intimidating for drivers who are beginners to quoting and comparing rates on the internet. Because there are so many online companies available, how can you possibly compare every auto insurance company to find the lowest price available?

Discount Ford Escape insuranceUnthinkable but true, the vast majority of consumers renewed their policy with the same company for over three years, and about 40% of consumers have never compared rates from other carriers. American drivers could save themselves as much as 46.5% a year just by getting comparison quotes, but they don't believe how much savings they would realize if they replace their high priced policy.

Smart consumers take time to get comparison quotes occasionally because prices are variable and change quite frequently. Just because you had the lowest price on Ford Escape insurance in Fort Wayne a few years ago a different company probably has better rate quotes today. Forget anything you know (or think you know) about auto insurance because you're about to learn the best methods to lower your annual insurance bill.

The majority of larger companies provide pricing on their websites. Getting Ford Escape insurance prices online is pretty easy because it's just a matter of typing in your coverage preferences into a form. When the form is submitted, the system pulls reports for credit and driving violations and generates pricing information determined by many factors.

Quoting online for Ford Escape insurance in Fort Wayne makes it a lot easier to compare rates and it is important to perform this step if you are searching for the lowest payment on auto insurance.

To find out if lower rates are available, consider comparing rates from the companies shown below. If you have a policy now, it's recommended that you enter deductibles and limits identical to your current policy. This helps ensure you are getting a fair comparison using the same coverage and limits.

The auto insurance companies shown below offer price comparisons in Fort Wayne, IN. If multiple companies are listed, it's highly recommended you get rates from several of them to get a more complete price comparison.

Ford Escape Insurance Rates in Fort Wayne, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $90 $156 $224 $14 $68 $552 $46
Escape XLS 4WD $92 $160 $230 $14 $68 $564 $47
Escape XLT 2WD $184 $294 $244 $14 $72 $808 $67
Escape Limited 2WD $276 $358 $312 $18 $94 $1,058 $88
Escape XLT 4WD $236 $412 $288 $18 $86 $1,040 $87
Escape Limited 4WD $212 $420 $288 $18 $86 $1,024 $85
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Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Price estimates do not factor in specific zip code location which can decrease or increase prices noticeably.

Policy deductibles

The illustration below shows how choosing a deductible and can raise or lower Ford Escape insurance prices for different ages of insureds. The rates are based on a married male driver, full physical damage coverage, and no additional discounts are factored in.

Ford Escape annual premiums for males versus females

The illustration below visualizes the comparison of Ford Escape insurance rates for male and female drivers. The premium estimates are based on no tickets, no at-fault accidents, comp and collision included, $1,000 deductibles, drivers are single, and no other discounts are factored in.

Physical damage deductible comparison

One of the more difficult decisions when buying car insurance is where should you set your physical damage deductibles. The figures shown below illustrate how much more you'll pay when you choose different policy deductibles. The first rate estimation uses a $100 physical damage deductible and the second price chart uses a $500 deductible.

Ford Escape insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $210 $358 $238 $14 $72 $917 $76
Escape XLS 4WD $210 $358 $238 $14 $72 $917 $76
Escape XLT 2WD $210 $358 $238 $14 $72 $917 $76
Escape Limited 2WD $242 $358 $238 $14 $72 $949 $79
Escape XLT 4WD $242 $358 $238 $14 $72 $949 $79
Escape Limited 4WD $242 $436 $238 $14 $72 $1,027 $86
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Ford Escape insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $154 $242 $238 $14 $72 $720 $60
Escape XLS 4WD $154 $242 $238 $14 $72 $720 $60
Escape XLT 2WD $154 $242 $238 $14 $72 $720 $60
Escape Limited 2WD $176 $242 $238 $14 $72 $742 $62
Escape XLT 4WD $176 $242 $238 $14 $72 $742 $62
Escape Limited 4WD $176 $294 $238 $14 $72 $794 $66
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Premium amounts do not factor in the specific area where the vehicle is garaged which can raise or lower auto insurance rates considerably.

We can derive from the above data that using a $100 deductible could cost the average driver approximately $17 more each month or $204 every year than opting for the higher $500 deductible. Since you would pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you have at a minimum 24 months between claim filings, you would save money if you opt for a higher deductible. Below is a better example of how this determination is made.

Average monthly premium for $100 deductibles: $79
Average monthly premium for $500 deductibles (subtract): - $62
Monthly savings from raising deductible: $17
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $17
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 24 months

One important issue to know is that raising deductibles results in more money out-of-pocket when you have a claim. It will be required that you have some extra funds in order to pay more for the deductible.

Why you need to buy auto insurance

Even though it's not necessarily cheap to insure a Ford in Fort Wayne, buying auto insurance serves several important purposes.

First, the majority of states have mandatory insurance requirements which means state laws require a specific level of liability protection in order to be legal. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you have a loan on your car, almost all lenders will stipulate that you have physical damage coverage to guarantee their interest in the vehicle. If you default on your policy, the lender may insure your Ford at a significantly higher premium and make you pay much more than you were paying before.

Third, insurance protects both your assets and your Ford. Insurance will pay for medical bills for both you and anyone you injure as the result of an accident. Liability coverage will also pay attorney fees if you cause an accident and are sued. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.

The benefits of carrying enough insurance definitely exceed the price paid, especially with large liability claims. According to a recent study, the average American driver is overpaying over $869 every year so you should quote your policy with other companies once a year at a minimum to help ensure money is not being wasted.

Auto insurance discounts help lower rates for Ford Escape insurance in Fort Wayne

Some insurance providers don't always advertise the entire discount list very well, so below is a list a few of the more well known as well as some of the hidden credits that you can use to lower your rates.Save money with discounts

It's important to note that many deductions do not apply to all coverage premiums. Most only apply to individual premiums such as physical damage coverage or medical payments. Despite the appearance that all the discounts add up to a free policy, you aren't that lucky.

A list of auto insurance companies and the discounts they provide can be found below.

Check with all the companies which discounts can lower your rates. Some of the discounts discussed earlier might not be available to policyholders in Fort Wayne.

Buying from insurance agents

Many drivers still like to sit down with an agent and that is a smart decision The biggest benefit of getting free rate quotes online is that you can obtain cheaper prices and still buy from a local agent. And buying from neighborhood agents is still important in Fort Wayne.

Upon completion of this form (opens in new window), your insurance coverage information is emailed to insurance agents in Fort Wayne that give free quotes for your auto insurance coverage. There is no reason to drive around due to the fact that quote results will go to your email. You can get cheaper auto insurance rates and work with a local agent. If you want to get a price quote from a specific company, feel free to navigate to their website to submit a rate quote request.

Two different types of auto insurance agents

If you are wanting to find a good insurance agency, you should know the types of insurance agents and how they operate. Fort Wayne agents can be described as either independent or exclusive depending on the company they work for.

Independent Agencies or Brokers

These agents can quote rates with many companies so they have the ability to put coverage with lots of companies and potentially find a lower price. If you are not satisfied with one company, your agent can switch companies and you don't have to switch agencies.

When comparing rate quotes, we recommend you include independent agents to ensure the widest selection of prices. A lot of them also have access to smaller mutual companies which may have better rates.

Below is a list of independent agencies in Fort Wayne who may be able to give you cheap rate quotes.

More insurance agents

Exclusive Agents

These agents can usually just insure with one company and examples are Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agents cannot provide other company's prices so they have no alternatives for high prices. Exclusive insurance agents are highly trained on sales techniques which helps them compete with independent agents. Consumers sometimes choose to use an exclusive agent primarily because of high brand loyalty rather than having the cheapest rates.

The following is a list of exclusive agencies in Fort Wayne who can help you get rate quotes.

More insurance agents

Picking the best car insurance agent should depend on more than just the quoted price. These are some questions you should get answers to.

Do the work, save more money

Low-cost Ford Escape insurance in Fort Wayne is attainable online and from local insurance agents, so you should compare both so you have a total pricing picture. A few companies don't offer the ability to get quotes online and usually these small, regional companies only sell coverage through local independent agencies.

When trying to cut insurance costs, you should never buy less coverage just to save a little money. There are many occasions where an insured dropped full coverage and discovered at claim time they didn't have enough coverage. Your goal is to buy a smart amount of coverage for the lowest cost while not skimping on critical coverages.

In this article, we covered many ideas to compare Ford Escape insurance prices in Fort Wayne. The most important thing to understand is the more rate comparisons you have, the higher your chance of finding cheaper Fort Wayne car insurance quotes. Consumers could even find that the best prices are with a company that doesn't do a lot of advertising.

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