Best Ford Escape Insurance in Oklahoma City

Anyone knows that auto insurance companies don’t want you to look for cheaper rates. Drivers who compare price quotes are likely to switch to a new company because they stand a good chance of finding a more affordable policy. A study discovered that consumers who compared rates annually saved an average of $865 a year compared to drivers who never compared other company’s rates.

If finding the most affordable Ford Escape insurance is why you’re reading this, understanding the best ways to find and compare insurance rates can make it easier to shop your coverage around.

To save the most money, the best way to find low-cost Ford Escape insurance is to start doing an annual price comparison from companies who provide auto insurance in Oklahoma City.

• Step 1: Read about how your policy works and the modifications you can make to lower rates. Many factors that cause high rates like traffic tickets, fender benders, and a not-so-good credit history can be improved by making minor driving habit or lifestyle changes. This article gives information to lower rates and find discounts that you may qualify for.
• Step 2: Quote rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like Progressive or State Farm, while independent agencies can quote rates from multiple sources. Select a company
• Step 3: Compare the new rates to the premium of your current policy and see if there is a cheaper rate in Oklahoma City. If you find a better price, make sure there is no coverage gap between policies.
• Step 4: Give notification to your agent or company to cancel your current policy and submit a down payment and signed policy application to your new agent or company. When you receive it, put the certificate of insurance along with your vehicle registration.

The critical component of shopping around is to make sure you’re comparing the same coverage limits and deductibles on each price quote and and to look at all possible companies. Doing this helps ensure an apples-to-apples comparison and and a good selection of different prices.

Our goal in writing this article let you in on the most effective ways to compare rates and some tips to save money. If you are already insured, you will surely be able to shop for the lowest rates using the tips covered below. But Oklahoma drivers must understand how big insurance companies determine what you pay because it varies considerably.

How to get free Ford Escape insurance quotes online

Most of the larger companies such as Progressive, GEICO, Allstate and State Farm allow consumers to get prices for coverage from their websites. This process is possible for anyone as you simply enter your required coverages on the page. Upon sending the form, the quote system automatically orders your driving and credit reports and gives you a price quote based on the information you submitted. Being able to quote online for Ford Escape insurance in Oklahoma City makes it simple to compare prices and it is imperative to perform this step if you want to find the best possible rates on insurance.

To save time and compare rates now, consider comparing rates from the companies shown below. To compare your current rates, we recommend you replicate deductibles and limits exactly as shown on your declarations page. Doing this guarantees you will be getting rate quotes based on similar coverages.

The companies in the list below have been selected to offer comparison quotes in Oklahoma. If the list has multiple companies, it’s a good idea that you visit as many as you can to get the best price comparison.

It may be expensive, but it’s not optional

Despite the high insurance cost for a Ford Escape in Oklahoma City, insurance is required for several reasons.

• Just about all states have compulsory liability insurance requirements which means the state requires a specific minimum amount of liability insurance in order to license the vehicle. In Oklahoma these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you have a loan on your Ford Escape, most lenders will require that you have comprehensive coverage to protect their interest in the vehicle. If you let the policy lapse, the bank may buy a policy for your Ford at a much higher premium rate and require you to pay for the much more expensive policy.
• Auto insurance preserves both your assets and your vehicle. It will also reimburse you for medical bills incurred in an accident. Liability coverage also covers legal expenses in the event you are sued. If your vehicle suffers damage from an accident or hail, your auto insurance policy will cover the damage repairs after a deductible is paid.

The benefits of carrying enough insurance more than cancel out the cost, especially for larger claims. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $700 annually so you should quote and compare rates at least once a year to ensure rates are competitive.

Insurance rate breakdown

The information displayed below outlines estimates of policy rates for Ford Escape models. Having a better understanding of how premiums are established is important for drivers to make smart policy decisions.

Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Premium costs do not factor in vehicle location which can alter insurance rates noticeably.

Where to set your deductibles

One frequently asked question is how low should you set your deductibles. The comparisons below approximate the costs and benefits between high and low policy deductibles. The first price estimate table uses a $100 deductible for comprehensive and collision coverage and the second rate chart uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Price estimates do not factor in the specific area where the vehicle is garaged which can lower or raise coverage prices considerably.

Using the premium rates above, we can conclude that using a $100 deductible costs an average of $39 more each month or $468 every year than selecting the higher $1,000 deductible. Since you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you usually have more than 23 months between claims, you would save more money if you decide on a higher deductible.

One important issue to know is that raising deductibles to save money means you will have to pay more when you have a comprehensive or collision claim. You need to make sure you have enough extra money in the event you have to pay the higher deductible.

The information below highlights how deductible selection and can affect Ford Escape insurance costs for each different age category. The data is based on a married female driver, full coverage, and no discounts are taken into consideration.

Impact of age and gender on car insurance rates

The example below visualizes the comparison of Ford Escape insurance costs for male and female drivers. The information is based on no claims or driving citations, comprehensive and collision coverage, $1,000 deductibles, single marital status, and no discounts are taken into consideration.

Ford Escape liability rates compared to full coverage

The diagram below compares Ford Escape car insurance costs with and without physical damage coverage. The rate quotes are based on no violations or accidents, $100 deductibles, marital status is single, and no discounts are applied to the premium.

Should you be buying full coverage?

There is no set rule to drop comp and collision coverage, but there is a guideline you can use. If the annual cost of coverage is more than about 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.

For example, let’s say your Ford Escape replacement value is $9,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $8,000 after the deductible is paid. If premiums are more than $800 annually to have full coverage, then you may need to consider dropping full coverage.

There are some circumstances where removing full coverage is not advised. If you still have a loan on your vehicle, you are required 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 consider dropping full coverage.

Do you qualify for discounts?

Insurance is not inexpensive, but companies offer discounts that many consumers don’t even know exist. Certain reductions will be credited at the time you complete a quote, but some need to be requested specifically before you get the savings.

• Active Military Service – Having a deployed family member can result in better rates.
• New Car Discount – Buying insurance coverage on a new vehicle is cheaper since newer models are generally safer.
• Professional Memberships – Having an affiliation with qualifying clubs or civic groups is a simple method to lower premiums on your policy.
• Accident Waiver – Not really a discount, but a handful of insurance companies will allow you to have one accident before raising your premiums if you are claim-free for a specific time period.
• Smart Student Discounts – A discount for being a good student could provide a savings of up to 20% or more. The good student discount can last well after school through age 25.
• No Accidents – Good drivers with no accidents pay less compared to bad drivers.

Drivers should understand that most discounts do not apply to the overall cost of the policy. The majority will only reduce specific coverage prices like liability and collision coverage. So when the math indicates it’s possible to get free car insurance, you won’t be that lucky.

The diagram below illustrates the difference between Ford Escape insurance prices with and without discounts being applied to the rates. The premiums are based on a male driver, no claims or driving violations, Oklahoma state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, marriage, multi-car, homeowner, and safe-driver discounts applied.

A few companies that may have these benefits include:

• State Farm
• GEICO
• Progressive
• 21st Century
• American Family
• The Hartford
• AAA

If you want affordable Oklahoma City auto insurance quotes, ask every company to apply every possible discount. Discounts might not be offered in your area. For a list of insurance companies offering insurance discounts in Oklahoma City, follow this link.

Are car insurance agents of importance?

A small number of people would prefer to visit with an insurance agent and that is a personal choice. One of the benefits of getting free rate quotes online is you may find cheap car insurance rates and still have a local agent. Supporting neighborhood insurance agencies is important especially in Oklahoma City.

Once you complete this simple form, your coverage information is sent to agents in your area that can give you free Oklahoma City auto insurance quotes to get your business. You don’t have to contact any agents since rate quotes are delivered immediately to you. You can find better rates AND a local agent. If for some reason you want to get a price quote from a specific car insurance provider, you can always visit that company’s website and submit a quote form there.

The following is a short list of insurers in Oklahoma City that may be willing to give price quote information for Ford Escape insurance in Oklahoma City.

More Oklahoma City agents

Selecting an insurer needs to be determined by more than just the premium amount. These are some questions your agent should answer.

• What company holds the largest book of business for them?
• Do they review policy coverages at every renewal?
• Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
• Is the agent CPCU or CIC certified?
• Is working in the agency their full-time job?
• Will the agent or a CSR service your policy?

Cheaper car insurance rates are available

As you quote Oklahoma City auto insurance, it’s very important that you do not reduce needed coverages to save money. Too many times, consumers will sacrifice collision coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to get the best coverage possible at an affordable rate, not the least amount of coverage.

You just read many tips how you can get a better price on Ford Escape insurance in Oklahoma City. It’s most important to understand that the more price quotes you have, the higher the chance of saving money. You may even be surprised to find that the best price on car insurance is with a company that doesn’t do a lot of advertising. These smaller insurers can often provide lower rates in certain areas than the large multi-state companies such as Allstate or State Farm.

Other articles

• Reducing Your Risks in a Car Crash Video (iihs.org)
• Car Insurance: When not to Skimp (BankRate.com)
• How to Avoid Buying a Flooded Car (Insurance Information Institute)