Ford Escape Insurance Rates in Greensboro

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Insurance rates Ford Escape in GreensboroThe preferred way to find discount Ford Escape insurance in Greensboro is to compare quotes annually from companies who provide auto insurance in North Carolina.

  1. Try to learn about how car insurance works and the changes you can make to prevent expensive coverage. Many rating criteria that cause rate increases such as at-fault accidents, speeding tickets, and a low credit score can be improved by making minor changes in your lifestyle.
  2. Request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like GEICO or Farmers Insurance, while independent agents can provide prices for a wide range of companies. Compare rates now
  3. Compare the quotes to your existing policy to determine if switching companies saves money. If you find a better price and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
  4. Provide notification to your current company of your intention to cancel your existing policy. Submit a completed policy application and payment to the newly selected company. Once the paperwork is finalized, store the certificate of insurance along with your vehicle registration.

One bit of advice is to use similar limits and deductibles on every quote and and to get quotes from as many different companies as possible. This helps ensure a level playing field and the best rate selection.

A recent insurance study revealed that the majority of drivers kept their coverage with the same insurance company for well over three years, and approximately 40% of consumers have never even compared rates from other companies. U.S. insurance shoppers could save up to $860 each year by just shopping around, but they just feel it's too hard to compare rates online.

If you are already insured, you stand a good chance to be able to find better prices using the techniques presented in this article. Our goal in writing this article help you learn the most effective way to quote insurance and how to save the most money. But North Carolina vehicle owners must know how insurance companies calculate your auto insurance rates.

Lower rates by qualifying for discounts

Car insurance can be pricey, but you can get discounts that many people don't even know exist. Most are applied when you get a quote, but a few must be manually applied before you will receive the discount.Cheaper car insurance with discounts

  • ABS Braking Discount - Cars and trucks that have anti-lock braking systems prevent accidents so companies give up to a 10% discount.
  • Senior Citizen Rates - Mature drivers can possibly qualify for a small discount on rates.
  • Pay Upfront and Save - By paying your policy upfront rather than paying in monthly installments you could save 5% or more.
  • Multi-car Discount - Having several vehicles with the same company can reduce the rates for all insured vehicles.
  • Responsible Drivers - Drivers without accidents may receive a discount up to 45% as compared to drivers with claims.
  • Online Discount - Some companies will discount your bill up to fifty bucks for signing up on your computer.
  • Safety Course Discount - Completing a course in safe driver can save you 5% or more if your company offers it.
  • Student Discount for Driver Training - Teen drivers should enroll and complete driver's education in school.
  • Passive Restraints and Air Bags - Options like air bags or automatic seat belts can receive discounts up to 30%.

Don't be shocked that some credits don't apply to the entire policy premium. A few only apply to the cost of specific coverages such as comp or med pay. Despite the fact that it seems like all those discounts means the company will pay you, it's just not the way it works.

The illustration below compares Ford Escape premium costs with and without discounts being applied to the rates. The premium estimates are based on a male driver, a clean driving record, no at-fault accidents, North Carolina state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, claim-free, multi-policy, safe-driver, and multi-car discounts applied.

A list of companies and the discounts they provide are shown below.

  • GEICO policyholders can earn discounts including daytime running lights, emergency military deployment, air bags, seat belt use, multi-policy, and multi-vehicle.
  • USAA offers premium reductions for safe driver, loyalty savings, defensive driver, family discount, military installation, and new vehicle.
  • Progressive offers discounts including good student, multi-policy, online signing, homeowner, and online quote discount.
  • American Family may include discounts for mySafetyValet, Steer into Savings, defensive driver, multi-vehicle, good driver, and air bags.
  • Esurance has savings for good student, Pac-12 alumni, Switch & Save, anti-theft, and renters.
  • Farmers Insurance may have discounts that include business and professional, bundle discounts, early shopping, homeowner, alternative fuel, pay in full, and multi-car.
  • State Farm may offer discounts for multiple policy, defensive driving training, multiple autos, anti-theft, student away at school, accident-free, and passive restraint.

Before purchasing a policy, check with each company which discounts you may be entitled to. Discounts may not be offered in Greensboro. For a list of insurance companies that offer the discounts shown above in Greensboro, click here.

To find the cheapest Ford Escape rate quotes, there are several ways to get quotes from companies that offer car insurance in North Carolina. The simplest method to compare rates is to use the internet to compare rates. It's important to know that comparing a wide range of rates will improve the odds of getting a lower rate than you're paying now.

The following companies have been selected to offer price comparisons in North Carolina. If multiple companies are listed, we suggest you compare several of them in order to find the most affordable rates.

Insurance coverage analysis

The table displayed next outlines estimates of insurance costs for Ford Escape models. Knowing how rate quotes are figured is important for drivers to make smart choices when selecting a coverage provider.

Ford Escape Insurance Rates in Greensboro, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $100 $190 $276 $16 $82 $664 $55
Escape XLS 4WD $100 $190 $276 $16 $82 $664 $55
Escape XLT 2WD $100 $190 $276 $16 $82 $664 $55
Escape Limited 2WD $114 $190 $276 $16 $82 $678 $57
Escape XLT 4WD $114 $190 $276 $16 $82 $678 $57
Escape Limited 4WD $114 $230 $276 $16 $82 $718 $60
Get Your Own Custom Quote Go

Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Prices do not factor in specific Greensboro garaging location which can revise rates considerably.

Physical damage deductibles: Should you raise them?

The hardest decision when buying coverage is how high or low should comp and collision deductibles be. The following insurance rates determine the price difference when you select higher and lower physical damage coverage deductibles. The first set of prices uses a $250 comprehensive and collision deductible and the second rate chart uses a $1,000 deductible.

Ford Escape insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $168 $266 $212 $12 $64 $747 $62
Escape XLS 4WD $168 $266 $212 $12 $64 $747 $62
Escape XLT 2WD $168 $266 $212 $12 $64 $747 $62
Escape Limited 2WD $192 $266 $212 $12 $64 $771 $64
Escape XLT 4WD $192 $266 $212 $12 $64 $771 $64
Escape Limited 4WD $192 $324 $212 $12 $64 $829 $69
Get Your Own Custom Quote Go
Ford Escape insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $104 $168 $212 $12 $64 $560 $47
Escape XLS 4WD $104 $168 $212 $12 $64 $560 $47
Escape XLT 2WD $104 $168 $212 $12 $64 $560 $47
Escape Limited 2WD $118 $168 $212 $12 $64 $574 $48
Escape XLT 4WD $118 $168 $212 $12 $64 $574 $48
Escape Limited 4WD $118 $204 $212 $12 $64 $610 $51
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Rate quotes do not factor in zip code location which can lower or raise premium rates greatly.

Using the premium rates above, we can conclude that using a $250 deductible will cost you approximately $16 more each month or $192 a year than selecting the higher $1,000 deductible. Because you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you go more than 47 months between claim filings, you would probably save some money if you choose a higher deductible.

How to determine when to raise deductibles

Average monthly premium for $250 deductibles: $64
Average monthly premium for $1,000 deductibles (subtract): - $48
Monthly savings from raising deductible: $16
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $16
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 47 months

One big caveat is that raising deductibles to save money means you will have to pay more of your own money when you have a claim. That will require some non-essential savings in order to pay more to get your vehicle repaired.

The example below highlights how deductible choice and can impact Ford Escape yearly insurance costs for different age groups. The price estimates are based on a married female driver, full physical damage coverage, and no discounts are taken into consideration.

Gender-based car insurance rates by age

The diagram below visualizes the comparison of Ford Escape annual premium costs for male and female drivers. Data assumes a clean driving record, no at-fault accidents, comprehensive and collision coverage, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.

Rate difference between full and liability-only coverage

The chart below illustrates the comparison of Ford Escape insurance prices with full physical damage coverage and with liability coverage only. The costs are based on no accidents, no driving violations, $250 deductibles, drivers are single, and no discounts are taken into consideration.

When to stop buying comprehensive and collision coverage

There is no written rule that is best for determining when to drop physical damage coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.

For example, let's assume your Ford Escape settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $5,000 after you pay the deductible. If you are paying more than $500 annually to have full coverage, then it might be time to consider dropping full coverage.

There are some situations where buying only liability insurance is not financially feasible. If you still owe money on your vehicle, you are required to maintain full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.

Are insurance agents obsolete?

Some consumers would prefer to have an agent's advice and that can be a smart move One of the best bonuses of comparing rates online is that you can find the lowest rates and still have a local agent.

Greensboro insurance agentsBy using this simple form, your information is emailed to companies in Greensboro who will give you quotes for your business. It makes it easy because there is no need to drive around because quoted prices will be sent directly to your email. It's the lowest rates and a licensed agent to talk to. If for some reason you want to get a rate quote from one company in particular, feel free to navigate to their website and fill out their quote form.

Choosing the best provider needs to be determined by more than just a cheap quote. The following questions are important to ask.

  • Are aftermarket or OEM parts used to repair vehicles?
  • By raising physical damage deductibles, how much would you save?
  • Do they carry Errors and Omissions coverage?
  • Are they properly licensed to sell insurance in North Carolina?
  • Is there a local claims center in Greensboro?
  • What will you get paid if your car is a total loss? How is that amount determined?
  • Can you choose the body shop in case repairs are needed?
  • Does the agent recommend any additional coverage?

Shown below are Greensboro insurers that can give you rate quotes for Ford Escape insurance in Greensboro.

More insurance agents

Once you have received good responses to these questions and a good coverage price, you may have found a company that will properly service your insurance policy.

How to find a good Greensboro car insurance company

Insuring your vehicle with a good quality insurer can be challenging considering how many companies there are to choose from in Greensboro. The company information displayed below can help you choose which auto insurers you want to consider comparing rates from.

Top 10 Greensboro Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. AAA Insurance
  4. Nationwide
  5. Allstate
  6. State Farm
  7. The Hartford
  8. Safeco Insurance
  9. Progressive
  10. American Family

Top 10 Greensboro Car Insurance Companies Ranked by Customer Satisfaction

  1. USAA - 91%
  2. AAA Insurance - 90%
  3. Esurance - 90%
  4. Nationwide - 89%
  5. Travelers - 88%
  6. Progressive - 88%
  7. Safeco Insurance - 88%
  8. State Farm - 88%
  9. Allstate - 88%
  10. The Hartford - 87%

You can find affordable coverage

Consumers who switch companies do it for a variety of reasons including extreme rates for teen drivers, high prices, policy non-renewal and high rates after DUI convictions. It doesn't matter why you want to switch finding a new company is less work than it seems.

As you prepare to switch companies, it's very important that you do not sacrifice coverage to reduce premiums. In many cases, an insured dropped liability coverage limits to discover at claim time they didn't purchase enough coverage. The ultimate goal is to buy the best coverage you can find at an affordable rate but still have enough coverage for asset protection.

Low-cost Ford Escape insurance in Greensboro is definitely available both online and with local Greensboro insurance agents, so get free Greensboro car insurance quotes from both of them to get a complete price analysis. There are still a few companies who may not have rate quotes online and many times these small insurance companies work with independent insurance agents.

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