Insurance rates Ford Escape in CasperWant to know how to find more competitive Ford Escape insurance in Casper? If online insurance comparisons are new to you, by this point your are probably confused thanks to all the different types of insurance providers all claiming to save you money.

Statistics show that most consumers have purchased from the same company for at least four years, and approximately 40% of consumers have never compared quotes from other companies. Casper consumers could cut their rates by nearly 20% a year, but they assume it's a waste of time to compare rates online.

You need to price shop coverage before your next renewal since insurance rates change regularly. Despite the fact that you may have had the best rate on Ford Escape insurance in Casper last year a different company probably has better prices today. Block out anything you think you know about insurance because I'm going to let you in on the secrets to the best way to find better coverage on Ford Escape insurance in Casper at a better price.

If you currently have a car insurance policy, you will definitely be able to find the best rates using these tips. Finding the most affordable auto insurance policy in Casper is not as difficult as people think. But Wyoming car owners need to have an understanding of the way companies determine how much to charge because rates are impacted by many factors.

When shopping for Ford Escape insurance in Casper there are multiple ways to compare rate quotes from insurance companies in your area. The simplest method to find the cheapest Ford Escape insurance rates is to use the internet to compare rates. Keep in mind that more quotes helps improve the odds of finding better pricing. Some insurance companies are not set up to provide online price quotes, so it's necessary to compare quotes from those companies as well.

The companies shown below can provide quotes in Wyoming. If multiple companies are listed, we recommend you visit two to three different companies in order to get a fair rate comparison.

Ford Escape Insurance Estimates in Casper, WY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $260 $448 $310 $18 $92 $1,128 $94
Escape XLS 4WD $220 $352 $314 $18 $94 $998 $83
Escape XLT 2WD $128 $236 $344 $20 $104 $832 $69
Escape Limited 2WD $214 $318 $286 $16 $86 $920 $77
Escape XLT 4WD $240 $388 $292 $18 $88 $1,026 $86
Escape Limited 4WD $256 $376 $398 $24 $120 $1,174 $98
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Wyoming minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Premium costs do not factor in specific location which can affect coverage prices greatly.

Choosing deductibles

When comparing car insurance rates, the most common question is the level to set your comp and collision deductibles. The data tables below can help show the differences in premium rates when you select higher and lower comp and collision deductibles. The first table uses a $250 physical damage deductible and the second price grid uses a $1,000 deductible.

Ford Escape insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $242 $384 $304 $18 $92 $1,065 $89
Escape XLS 4WD $242 $384 $304 $18 $92 $1,065 $89
Escape XLT 2WD $242 $384 $304 $18 $92 $1,065 $89
Escape Limited 2WD $276 $384 $304 $18 $92 $1,099 $92
Escape XLT 4WD $276 $384 $304 $18 $92 $1,099 $92
Escape Limited 4WD $276 $466 $304 $18 $92 $1,181 $98
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Ford Escape insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $150 $242 $304 $18 $92 $806 $67
Escape XLS 4WD $150 $242 $304 $18 $92 $806 $67
Escape XLT 2WD $150 $242 $304 $18 $92 $806 $67
Escape Limited 2WD $172 $242 $304 $18 $92 $828 $69
Escape XLT 4WD $172 $242 $304 $18 $92 $828 $69
Escape Limited 4WD $172 $294 $304 $18 $92 $880 $73
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Wyoming minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Premium costs do not factor in zip code location which can revise rates considerably.

Based on the data above, we can derive that using a $250 deductible will cost in the ballpark of $23 more each month or $276 each year than choosing the higher $1,000 deductible. Since you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average more than 33 months between claim filings, you would probably be better off by going with a higher deductible.

Rate comparison of full coverage and liability-only

The illustration below shows the comparison of Ford Escape premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no claims, a clean driving record, $500 deductibles, married female driver, and no additional discounts are factored in.

When to stop buying physical damage coverage

There is no set rule for excluding physical damage coverage, but there is a guideline you can use. If the annual cost of having full coverage is more than around 10% of the settlement you would receive from your company, then you may need to consider dropping full coverage.

For example, let's pretend your Ford Escape replacement cost is $6,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $5,000 after paying your policy deductible. If it's costing you more than $500 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are some cases where eliminating full coverage is not advised. If you still have a loan on your vehicle, you must maintain physical damage coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should keep full coverage.

Impact of citations and accidents on insurance rates

The chart below demonstrates how citations and accident claims can drive up Ford Escape insurance costs for different age groups of insureds. The rate quotes are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no discounts are taken into consideration.

Save money with these rate reducing discounts

Car insurance is not cheap, but companies offer discounts to cut the cost considerably. Certain reductions will be credited at the time of purchase, but some must be manually applied before you get the savings.Cheaper car insurance with discounts

It's important to understand that most discount credits are not given to the entire cost. Some only apply to the cost of specific coverages such as liability and collision coverage. So when the math indicates adding up those discounts means a free policy, you're out of luck.

To view insurance companies who offer online Ford Escape insurance quotes in Casper, click this link.

How Car Insurance Companies Determine Ford Escape Insurance Costs

Many different elements are part of the equation when premium rates are determined. Some of the criteria are obvious such as traffic violations, although some other factors are not as apparent such as your marital status or your vehicle rating.

Shown below are most of the major factors used by companies to determine rates.

Does insurance cost more for men? - Over the last 50 years, statistics have shown women are more cautious behind the wheel. The data does not necessarily mean that females are better drivers. Men and women are in accidents in similar numbers, but the males get into accidents with more damage. Men also tend to receive more major tickets like DUI and reckless driving. Teenage male drivers are several times more likely to be in an accident and therefore have the most expensive auto insurance rates.

Pay less with a high IIHS safety rating - Cars with high safety ratings are cheaper to insure. The safest vehicles reduce injuries and reduced instances of injuries translates directly to fewer claims which can mean better rates for you. If your Ford Escape scored better than an "acceptable" rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.

Prices are impacted by vehicle performance - The type of car you are insuring makes a substantial difference in your premium level. Because the Ford Escape is considered a crossover, insuring your vehicle will cost slightly more compared to average rates in Casper. Lower cost passenger cars usually have the lowest premiums, but your final cost has many other factors.

Driver age impacts costs - Inexperience drivers have been known to be inattentive behind the wheel so they pay higher auto insurance rates. More experienced drivers are proven to be safer behind the wheel, cause fewer claims and accidents, and are generally more financially stable.

Miles impacts rates - The more you drive your Ford in a year the more you'll pay to insure your vehicle. Most companies price each vehicle's coverage based upon how the vehicle is primarily used. Cars that have low annual miles can get a lower rate compared to those used for work or business. Improper usage on your Escape may be wasting your money. It's always a good idea to double check that your auto insurance policy states the correct usage for each vehicle, because it can save money.

Certain employers raise rates - Did you know your career choice can influence rates? Jobs such as real estate brokers, executives and miners usually pay the highest rates due to intense work requirements and lots of time spent at work. On the flip side, careers like actors, athletes and the unemployed pay lower than average rates.

Discounts for multiple policies - Most larger insurers apply better rates to insureds that have more than one policy, otherwise known as a multi-policy discount. Even though this discount sounds good, you still need to shop around to guarantee you are still saving the most. You may still be able to save even more than the discount even if you insure with multiple companies

Ford Escape insurance loss probability - Insurance companies take into consideration historical loss data for every vehicle to help calculate a profitable premium rate. Models that the data shows to have increased losses will have higher premium rates. The data below shows the loss history for Ford Escape vehicles.

For each type of coverage, the claim amount for all vehicles, without regard to make or model, is considered to be 100. Percentage values below 100 are indicative of better than average losses, while numbers shown that are more than 100 indicate a higher chance of having a claim or a tendency for losses to be larger than average.

Ford Escape Insurance Claim Statistics

Vehicle 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

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

Choosing the best Ford Escape insurance in Wyoming is an important decision

Even though it can be expensive, insurance is required in Wyoming but it also protects you in many ways.

First, the majority of states have mandatory insurance requirements which means the state requires specific minimum amounts of liability insurance coverage if you want to drive legally. In Wyoming these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.

Second, if you have a loan on your Ford Escape, almost all lenders will have a requirement that you have insurance to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the lender may insure your Ford at a significantly higher premium and require you to pay for the expensive policy.

Third, insurance protects both your vehicle and your assets. It will also cover medical expenses for you, any passengers, and anyone injured in an accident. Liability coverage, the one required by state law, will also pay to defend you if someone files suit against you as the result of an accident. If you have damage to your Ford as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.

The benefits of carrying enough insurance more than cancel out the cost, especially for larger claims. The average driver in America overpays more than $810 a year so compare rate quotes each time the policy renews to ensure rates are competitive.

Affordable car insurance rates are available

As you go through the steps to switch your coverage, don't be tempted to skimp on critical coverages to save a buck or two. There have been many cases where an accident victim reduced physical damage coverage only to regret at claim time they didn't have enough coverage. The ultimate goal is to buy a smart amount of coverage at the lowest possible cost, but don't skip important coverages to save money.

Consumers change insurance companies for many reasons like questionable increases in premium, an unsatisfactory settlement offer, delays in responding to claim requests and lack of trust in their agent. Whatever your reason, finding a new company is less work than it seems.

Throughout this article, we presented some good ideas how to find lower-cost Ford Escape insurance in Casper. The key thing to remember is the more rate comparisons you have, the better chance you'll have of finding inexpensive Casper auto insurance quotes. Consumers may even find the lowest rates are with some of the lesser-known companies.

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