Cheapest Insurance for a Ford Escape in Arkansas

Your chances of finding cheap coverage for a Ford Escape in Arkansas relies on a lot of things like the number of years of driving experience you have, whether or not you have filed claims in the past, and if you have tickets or violations. Arkansas drivers on average will pay $890 each year to buy insurance for a Ford Escape, but that price is an estimate based on cost data for a 30-year-old single male that wants full coverage including both comprehensive and collision and $500 policy deductibles.

There is a really good chance that you are not a 30-year-old male, married instead of single, and maybe your Escape is older and does not require full coverage. What seems to be a small difference in rating variables or coverage information can result in a large change in quoted rates.

Everyone has different rating factors, so your best chance at finding the most affordable coverage for your Ford is to comparison shop your policy at each renewal. Compare rate quotes now and you can get prices from top-rated car insurance companies in Arkansas.

Save Now on Escape Insurance

The trim level of your Ford will have an impact price, so the rate you pay to insure a Escape XLS 2WD model will be $94 less than the cost to insure the more costly Escape Limited 4WD trim level, as shown below.

Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Arkansas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Table data does not factor in specific zip code location which can affect rates significantly.

Finding out which company quotes the cheapest auto insurance rates for a Ford Escape requires a little more effort in order to find a policy that fits your budget.

Each insurer uses their own calculation to set policy rates, so we’ll take a look at the auto insurance companies that tend to be cheaper in Arkansas. It’s important that readers know that Arkansas auto insurance rates are impacted by many factors that control the price you pay for coverage. Simply improving your credit, becoming a homeowner, or having an at-fault accident may prompt premium changes that can now make some companies cheaper than others.

Cheap Insurance Rates for Your Escape

Start Your Free Quote

USAA has some of the lowest car insurance rates in Arkansas at around $1,011 per year. Auto Club, Travelers, Southern Farm Bureau, and State Farm are also some of the more affordable Arkansas insurance companies.

As the example above demonstrates, if you are currently insured with Auto Club and switched to USAA, you may see an annual premium reduction of roughly $24. Arkansas drivers with Travelers could save as much as $93 a year, and Southern Farm Bureau customers might see rate reductions of $178 a year.

If you want to see how much you could save, click here or visit any of the low-priced companies below.

These policy prices are averaged for all drivers and vehicles and do not factor in a specific rate factor for a Ford Escape. So the insurer that has the cheapest rates for you may not even be featured in the list above. That points out the importance of why you need to get quotes using your own driver data and vehicle information.

Should you buy full coverage?

Finding the cheapest insurance for a Ford Escape in Arkansas is the goal of the majority of people, and a great way to pay lower rates for insurance is to not buy comprehensive and collision coverage. The diagram below shows the comparison of insurance rates with full coverage compared to only the Arkansas minimum liability coverage. The information is based on no accidents or driving violations, $100 deductibles, marital status is single, and no discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 3331,1029],[‘Age 30’, 1733,567],[‘Age 40’, 1713,525],[‘Age 50’, 1563,493],[‘Age 60’, 1505,483],[‘Age 70’, 1825,645]]);var options = {title: ‘Full Coverage Compared to Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Ford Escape in Arkansas’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

On average, full coverage on your policy costs $1,945 per year more than just buying liability only. That touches on the question when is the right time to remove full coverage. There is no written rule for dropping physical damage coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

For example, let’s say your vehicle’s claim settlement value is $9,500 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $8,500 after the policy deductible has been paid. If premiums are more than $850 a year for full coverage, then it might be time to buy liability only.

The diagram below highlights how deductible choice can influence insurance costs when getting quotes for cheap insurance for a Ford Escape. The costs are based on a married male driver, full coverage, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2939,2685,2397,2123],[‘Age 30’, 1565,1427,1265,1109],[‘Age 40’, 1497,1371,1225,1081],[‘Age 50’, 1365,1251,1119,991],[‘Age 60’, 1339,1227,1095,971],[‘Age 70’, 1529,1407,1269,1139]]);var options = {title: ‘Comparison of Deductible Levels and Ford Escape Insurance Rates in Arkansas’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Ford Escape’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The data above shows that a 40-year-old driver could cut expenses by $246 a year by changing from a $100 deductible to a $500 deductible, or save $374 by using a $1,000 deductible. Younger drivers, like the age 20 example, could save $816 annually by choosing a larger deductible amount. If you do raise deductibles, it is important to have additional funds in a savings account to allow you to cover the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

How to find budget-friendly auto insurance for a Ford Escape

Lowering your rates is not difficult, and here are some money-saving ideas that can help you quote cheap coverage.

• Don’t have frequent claims
• Ensure your driving record is clean
• At-fault accidents can raise rates significantly
• Bundle home or renters insurance to earn a discount on car insurance
• Raise your deductibles
• Maintaining good credit helps earn cheaper rates
• Shop around for cheaper prices

The last suggestion is highly necessary, as was emphasized in the article above. Insurance rates go up and down frequently, so don’t be unwilling to buy from a new company if a more affordable rate is found.

Brand loyalty is great, but it isn’t a good idea if that dedication is costing money that could be going to better use. Spend a few minutes and shop around to find cheaper auto insurance for a Ford Escape.