Car Insurance Quotes for a Ford Expedition in Fort Wayne

We don’t have to point out that fact that car insurance companies don’t want you to compare rates. Insureds who compare other prices will presumably switch to a new company because there is a great chance of finding coverage at a cheaper rate. A recent car insurance study discovered that drivers who shopped around annually saved about $860 a year compared to drivers who don’t regularly compare prices.

If finding budget-friendly rates on insurance is your target objective, understanding how to quote prices and compare insurance rates can make it easier to find better rates.

Truthfully, the best way to find the cheapest price for Ford Expedition insurance is to start comparing rates regularly from insurers that sell auto insurance in Fort Wayne. You can shop around by following these steps.

• First, try to learn a little about how companies price auto insurance and the things you can control to prevent expensive coverage. Many policy risk factors that cause rate increases like inattentive driving and a negative credit history can be rectified by making minor changes in your lifestyle. Keep reading for more ideas to help keep rates affordable and get discounts that may be overlooked.
• Second, request price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can give quotes from a single company like Progressive or State Farm, while agents who are independent can give you price quotes from multiple companies.
• Third, compare the new rates to your existing coverage and determine if there is any savings. If you find a lower rate quote and buy the policy, make sure coverage does not lapse between policies.
• Fourth, give proper notification to your current agent or company of your intent to cancel your current car insurance policy. Submit a down payment along with a signed application for the new policy. When you receive it, store the certificate of insurance in a readily accessible location in your vehicle.

One important bit of advice is that you’ll want to compare the same liability limits and deductibles on each quote request and and to get rate quotes from as many companies as you can. This enables an accurate price comparison and a good representation of prices.

Decisions You Make Can Impact Your Insurance Costs

Multiple criteria are part of the calculation when you get your auto insurance bill. Most are fairly basic like a motor vehicle report, but other factors are less apparent such as your credit history or how financially stable you are.

The factors shown below are some of the most rate-impacting factors utilized by car insurance companies to help set prices.

Vehicle options that cut prices – Buying a car that has a built-in theft deterrent system can save you a little every year. Anti-theft devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help prevent auto theft.

Premiums are affected by your credit score – Having a bad credit score will be a significant factor in determining premium rates. Consumers who have excellent credit scores tend to be better drivers and file fewer claims as compared to drivers with bad credit. Therefore, if your credit can use some improvement, you may save money insuring your Ford Expedition by repairing your credit.

Do you have a demanding vocation? – Did you know your auto insurance rates can be affected by your occupation? Occupations like lawyers, social workers, and financial analysts have higher premium rates in part from job stress and incredibly demanding work hours. On the flip side, careers like farmers, students and retirees pay the least.

Type of vehicle determines base prices – The make and model of the car, truck or SUV you drive makes a significant difference in determining your rates. Lower performance four cylinder passenger cars usually have the lowest premiums, but that’s not the only thing that factors into the final price.

The following chart assumes a married male driver age 40, full coverage with $500 deductibles, and no discounts or violations. It shows Ford Expedition insurance premiums compared to other models that have a range of performance rating factors.

Get better rates after the wedding – Having a significant other can get you a discount compared to being single. Having a significant other demonstrates that you tend to be more mature and responsible it has been statistically shown that drivers who are married are more cautious.

Guys are more aggressive – Over the last 30 years, statistics show women tend to be less risk to insure than men. The data does not necessarily mean that men are worse drivers. Females and males cause at-fault accidents at about the same rate, but the male of the species cause more damage and cost insurance companies more money. Men also statistically receive more major tickets such as DWI and reckless driving. Male teenagers are the most expensive to insure and therefore pay the highest rates.

The diagram below visualizes the comparison of Ford Expedition insurance rates for male and female drivers. The premiums are based on no claims or violations, comprehensive and collision coverage, $500 deductibles, drivers are single, and no discounts are factored in.

Fewer miles means better costs – The more miles you rack up on your Ford every year the more you’ll pay to insure it. The majority of insurers calculate prices based upon how the vehicle is primarily used. Cars and trucks left parked in the garage receive lower rates than vehicles that have high annual mileage. It’s always a good idea to double check that your auto insurance policy states the right rating data, because it can save money. Incorrect rating for your Expedition can cost quite a bit.

Safeguard your assets with liability insurance – The liability coverage on your policy will afford coverage when you are determined to be liable for an accident. Your liability coverage provides you with a defense in court to defend your case. This coverage is relatively inexpensive compared to other policy coverages, so do not skimp.

Ford Expedition insurance loss probability – Companies study historical loss data when they file their rates in each state. Models that the data shows to have high amounts or severity of claims will have higher premium rates. The table below demonstrates the compiled insurance loss statistics for Ford Expedition vehicles.

For each policy coverage type, the claim probability for all vehicles averaged together is a value of 100. Values that are under 100 suggest a positive loss record, while values over 100 point to more frequent losses or statistically larger losses.

Rates and data analysis

The information below highlights different rate quotes for Ford Expedition models. Learning a little about how insurance premiums are formulated helps drivers make smart choices when comparing insurance rates.

Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Rates do not factor in garaging location in Fort Wayne which can modify prices considerably.

Choosing deductibles

When comparing auto insurance rates, the most common question is how high should the deductibles for physical damage be. The tables below can help you visualize the differences in price when you select higher and lower coverage deductibles. The first rate estimation uses a $100 deductible and the second set of prices uses a $500 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Rates do not factor in garaging location in Fort Wayne which can modify insurance rates significantly.

Based on this data, we can arrive at the conclusion that using a $100 deductible could cost the average driver approximately $21 more each month or $252 a year averaged for all Expedition models than quoting the higher $500 deductible. Due to the fact that you would have to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you tend to average more than 19 months between claim filings, you would save money if you choose the higher deductible.

Cost comparison with and without full coverage

The information below shows the difference between Ford Expedition yearly insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The costs are based on a clean driving record, no claims, $500 deductibles, single marital status, and no discounts are factored in.

Should you pay for full coverage or liability only?

There is no set guideline for dropping physical damage insurance, but there is a general guideline you can use. If the annual cost of coverage is about 10% or more of replacement cost minus your deductible, then you may want to consider only buying liability coverage.

For example, let’s pretend your Ford Expedition replacement cost is $5,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would get paid by your company is $4,000 after paying your policy deductible. If you are currently paying more than $400 annually for your policy with full coverage, then you might consider buying liability only.

There are a few cases where eliminating full coverage is not recommended. If you still owe a portion of the original loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should maintain full coverage.

Get cheap Ford Expedition insurance in Fort Wayne with discounts

Auto insurance companies don’t always publicize every policy discount very well, so the next list breaks down some of the best known and the more hidden credits available to you. If you do not check that you are getting every discount you qualify for, you could be paying more than you need to.

• New Vehicle Savings – Buying insurance coverage on a new vehicle can save up to 30% because newer vehicles are generally safer.
• College Student – Any of your kids who are enrolled in higher education away from home and do not take a car to college may qualify for this discount.
• Early Switch Discount – A few companies allow discounts for buying a new policy prior to your current Expedition insurance policy expiration. It can save you around 10%.
• Passive Restraints and Air Bags – Vehicles equipped with air bags can receive discounts of 25 to 30%.
• No Accidents – Fort Wayne drivers who stay claim-free are rewarded with significantly better rates on Fort Wayne car insurance quote compared to bad drivers.
• Government Employee Discount – Employees or retirees of the government may reduce rates when you quote Fort Wayne car insurance with certain companies.
• Full Payment Discount – If paying your policy premium upfront rather than paying monthly you can actually save on your bill.
• Anti-lock Brake Discount – Cars and trucks with ABS and/or traction control prevent accidents so you can save 10 percent or more.
• Military Deployment Discount – Having a deployed family member could qualify you for better insurance rates.
• Professional Organizations – Having an affiliation with qualifying clubs or civic groups is a simple method to lower premiums on your policy.

Remember that most of the big mark downs will not be given to the entire policy premium. A few only apply to individual premiums such as medical payments or collision. Even though the math looks like all the discounts add up to a free policy, you won’t be that lucky. But any discount will lower your policy cost.

The chart below shows the difference between Ford Expedition auto insurance costs with and without discounts applied to the premium. The data assumes a female driver, no tickets, no at-fault accidents, Indiana state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, safe-driver, multi-policy, claim-free, and homeowner discounts applied.

A list of companies and some of the premium reductions they offer are shown below.

• GEICO includes discounts for membership and employees, multi-vehicle, federal employee, air bags, military active duty, and multi-policy.
• MetLife policyholders can earn discounts including claim-free, good driver, defensive driver, good student, and accident-free.
• State Farm may have discounts that include passive restraint, multiple policy, multiple autos, safe vehicle, good student, student away at school, and anti-theft.
• Progressive offers premium reductions for online signing, multi-vehicle, homeowner, continuous coverage, and good student.
• Mercury Insurance may offer discounts for low natural disaster claims, multi-policy, multi-car, professional/association, accident-free, ease of repair, and annual mileage.
• 21st Century has discounts for good student, automatic seat belts, student driver, air bags, homeowners, driver training, and anti-lock brakes.
• Allstate discounts include EZ pay plan discount, defensive driver, good student, safe driver, good payer, and teenSMART discount.

It’s a good idea to ask each company to apply every possible discount. Some credits might not be offered everywhere. If you would like to see a list of insurers with significant discounts in Indiana, click this link.

Indiana auto insurance companies

Choosing the highest-rated auto insurance provider is difficult considering how many companies sell insurance in Fort Wayne. The company information listed below can help you select which coverage providers to look at when looking for cheaper rates.

Top 10 Fort Wayne Car Insurance Companies Overall

1. USAA
2. 21st Century
3. GEICO
4. Nationwide
5. AAA Insurance
6. Liberty Mutual
7. Safeco Insurance
8. State Farm
9. Travelers
10. American Family

A little work can save a LOT of money

Throughout this article, we presented a lot of techniques to find cheap Ford Expedition insurance in Fort Wayne. The key thing to remember is the more price quotes you have, the higher your chance of finding low cost Fort Wayne car insurance quotes. You may even be surprised to find that the best price on car insurance is with a lesser-known regional company.

Insureds switch companies for many reasons like unfair underwriting practices, lack of trust in their agent, policy non-renewal or even an unsatisfactory settlement offer. It doesn’t matter why you want to switch finding the right car insurance provider is actually quite simple.

When getting Fort Wayne car insurance quotes online, never buy poor coverage just to save money. In too many instances, drivers have reduced full coverage to discover at claim time they didn’t have enough coverage. The proper strategy is to buy enough coverage for the lowest cost and still be able to protect your assets.

More learning opportunities

• Teen Driving and Texting (State Farm)
• How Much are Car Insurance Quotes for Real Estate Agents in Fort Wayne? (FAQ)
• Who Has Affordable Car Insurance Rates for Business Use in Fort Wayne? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for High Risk Drivers in Fort Wayne? (FAQ)
• Who Has Affordable Auto Insurance for a Toyota Highlander in Fort Wayne? (FAQ)
• What is the Cheapest Auto Insurance in Fort Wayne, IN? (FAQ)
• Auto Insurance Learning Center (State Farm)
• Frontal Crash Tests (iihs.org)