Cheapest Insurance Quotes for a Ford Escape in Colorado

We always joke that when we write about auto insurance, the word “cheap” really shouldn’t be used anywhere to describe car insurance rates. It’s a simple fact that cheap car insurance for a Ford Escape is almost non-existent. Don’t get your dauber down, because we can show you some ways you can still find insurance that won’t break the bank.

Whether or not you can find the cheapest auto insurance for a Ford Escape in Colorado is dependent upon a whole bunch of factors such as if you have purchased a home, if you have ever let your coverage lapse, and any prior driving citations you have received. Drivers in Colorado pay on average $1,230 every 12 months to buy insurance for a Ford Escape, but that price is a valuation based upon a 30-year-old single female who requires full coverage and $100 policy deductibles.

Chances are that you aren’t exactly 30 years old or even a female, possibly married instead of single, or maybe you live in a different part of Colorado than the example. What seems to be a minor change in rating criteria may result in significant differences in the cost of insurance.

Insurance is an individual thing, so the way we recommend to find the cheapest rates for your Ford is to just take the time to compare rates yourself. Quotes are free and easy and you will receive prices from some of the cheapest companies available.

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Your Ford’s trim level has an effect on the coverage cost, so the cost to insure a Escape XLS 2WD model will cost $164 less than the insurance cost for the more expensive Escape Limited 4WD version, as shown in the table below.

Premium data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Rate quotes do not factor in vehicle garaging location which can decrease or increase auto insurance rates considerably.

Selecting a highly-rated insurance provider is difficult considering how many choices you have in Colorado. The rank data listed below could help you choose which car insurance providers to look at buying from. The ratings below include the largest companies in the United States, so companies with more of a regional focus are not taken into consideration for this list.

Full coverage rates vs. liability-only

Finding the cheapest insurance for a Ford Escape in Colorado is the goal of the majority of drivers, and one way to find cheap insurance is to only pay for liability coverage. The diagram below compares auto insurance costs when comparing full coverage to liability only. The prices are based on no violations or claims, $100 deductibles, drivers are single, and no other discounts are factored in.

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As an overall average, comprehensive and collision coverage on your policy costs an extra $2,061 per year more than carrying just liability coverage. That amount may make you wonder when is the right time to remove full coverage. There is no set rule to drop physical damage coverage on your policy, but there is a general convention. If the yearly cost of comp and collision coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.

The illustration below shows how choosing a deductible can impact insurance prices when trying to find cheap insurance for a Ford Escape. The premium estimates are based on a married female driver, comprehensive and collision coverage, and no discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2215,2033,1823,1621],[‘Age 30’, 1555,1421,1267,1117],[‘Age 40’, 1537,1407,1257,1115],[‘Age 50’, 1347,1237,1107,985],[‘Age 60’, 1283,1177,1053,933],[‘Age 70’, 1377,1263,1135,1015]]);var options = {title: ‘Impact of Deductibles on Ford Escape Insurance Rates in Colorado’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Ford Escape’,minValue: 0,format: ‘$###,###’},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 $240 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $362 by choosing a $1,000 deductible. Young drivers, such as the 20-year-old chart data, have the ability to save $594 every year by using higher deductibles when buying full coverage. When raising deductibles, it is necessary to have enough savings set aside to be able to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

Find the cheapest insurance for a Ford Escape in Colorado

It is possible to find better rates, and here are some of the better money-saving ideas that can help drivers buy cheaper car insurance.

• Prevent rate increases by staying accident-free
• Pay for small claims rather than turning them in to your insurance company
• Serious violations like DUI or reckless driving can increase rates dramatically
• Bundle home and auto and earn a discount
• Lower rates by purchasing a safer vehicle
• Shop around and save

The last suggestion is highly critical, as was stressed in the article above. Insurance rates go up and down frequently, so you should be ready to buy a different policy if you find a better deal. Staying with the same car insurance company is fine, but is isn’t recommended if it’s costing you potentially thousands of dollars a year. If you have a few minutes, compare prices and find cheaper car insurance for a Ford Escape.

Who has the cheapest Ford Escape insurance quotes?

Thanks to the internet, there are a lot of ways to shop for and buy auto insurance in Colorado, but the most common are either through an exclusive agency like State Farm or Liberty Mutual, an independent insurance agent, or direct from companies such as Progressive or Geico.

All three ways can provide auto insurance quotes, but buyers should know the differences in how they price policies.

Independent insurance agents write business for many companies and can do rate comparisons with each one. They do not work for one specific company and can get prices from more than one company, which can help you get better odds of saving money. If they find a cheaper price, the business is moved internally without you having to go to a different agency.

Exclusive agents are able to place business with a single company, two popular examples being Liberty Mutual and Allstate agents. They usually cannot shop your coverage around, so if the price isn’t competitive there isn’t much they can do.

Consumers who buy auto insurance direct forego the middleman (the agent) and instead buy direct from companies such as Progressive or Esurance. Buying auto insurance direct may be a decent choice drivers who have little risk and know what is covered and what is not.

What is the best way to buy the cheapest insurance for a Ford Escape in Colorado? It would be obvious to point out buying direct yields the cheapest rates because there is no agent involved, but in reality, that argument does not hold true. A valid argument could also be made that buying from an independent agent is the best way since they can provide multiple quotes, but that is not accurate either. In some circumstances, the exclusive agents have really good rates well below independent agents AND direct companies.

Since auto insurance prices vary so much, the best method to get rock-bottom rates is to do a thorough rate comparison. Industry experts recommend getting price quotes all three ways to give yourself plenty of rates to compare. We compiled a list of companies with some of the cheapest online rates that you can click here to view.