Who Has the Cheapest Insurance Quotes for a Ford Escape in Florida?

Your chances of finding cheap car insurance for a Ford Escape in Florida depends on a very complex rating algorithm that uses multiple factors such as your marital status, whether or not you have filed claims in the past, and driving violations and tickets. Florida drivers on average pay around $1,140 annually for Escape insurance, but that amount is a valuation that uses a 40-year-old married female driver with full coverage and $100 physical damage deductibles.

There is a high likelihood that you may not be 40 years old (or even female), single instead of married, or you need different deductibles. Just a very minor change in rating variables may result in significant differences in the policy cost.

Auto insurance is unique to every driver, so the only way to find cheap insurance rates for your Ford is to make a habit of comparing rates at every renewal. It’s really quite easy you can get rates from top-rated car insurance companies in Florida.

Find Cheaper Ford Escape Insurance

Your vehicle’s trim level has an effect on the annual cost of coverage, so the price you will be charged to insure a Escape XLS 2WD will be $154 less than the price to insure the more well-appointed Escape Limited 4WD version, as shown in the chart below.

Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Premium amounts do not factor in specific garaging location which can modify insurance rates substantially.

Finding reliable, low-priced insurance is confusing at best, and figuring out which company quotes the cheapest auto insurance rates for a Ford Escape may require even more perseverance. Every car insurance company has a unique formula for setting prices, so let’s take a look at the auto insurance companies that tend to have lower prices in Florida.

It’s important that you understand Florida auto insurance rates are influenced by many factors which can significantly increase or decrease the price of your policy. Simply turning a year older, buying a safer car, or having an accident can trigger price changes resulting in some companies being more expensive than competitors.

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USAA has some of the lowest car insurance rates in Florida at around $948 a year. Electric, Amica, Progressive, and Mercury also qualify as some of the more affordable Florida car insurance companies.

As depicted above, if you currently buy coverage from Progressive and switched to USAA, you might realize annual savings of in the neighborhood of $845. Policyholders with Mercury could save as much as $966 a year, and Travelers customers might see rate reductions of $978 a year.

Be aware that those premiums are averaged for all drivers and vehicles and do not take into consideration a specific rating modification for a Ford Escape. So the auto insurance company that is most affordable for your situation may not even be featured in the company chart above. That points out the importance of why you need to get rate quotes from many companies using your own specific driver and vehicle information.

Difference between full coverage and liability only rates

Finding the cheapest insurance for a Ford Escape in Florida should be important to most drivers, and one of the easiest ways to lower the cost of insurance is to only buy liability coverage. The illustration below illustrates the comparison of premium costs with full coverage compared to only the Florida minimum liability coverage. The premiums assume no violations or accidents, $1,000 deductibles, single marital status, and no discounts are taken into consideration.

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If averaged for all ages, full coverage costs an additional $1,747 per year over and above liability coverage. That is a large expense and it proposes the question if it’s a good idea to buy full coverage. There is no set guideline to stop paying for comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.

For example, let’s say your vehicle’s settlement value is $10,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $9,000 after paying the physical damage deductible. If premium cost is more than $900 a year for full coverage, the it may be a good time to stop paying for full coverage.

Geico, State Farm, Allstate, and Progressive compared

If you are shopping around for insurance for an Escape, four good companies to start with are Geico, State Farm, Allstate, and Progressive. All of them offer physical damage and liability coverage, but each has different features and discounts that may influence which company you choose. The table below points out ratings for price and service, as well as some optional coverages shoppers can find with each company.