Cheap Insurance for a Ford Escape in Alaska

The likelihood of finding the cheapest car insurance for a Ford Escape in Alaska is dependent upon a large number of factors like how far you commute, your credit score, and your choice of deductibles. Drivers pay an average of $470 per year for Escape insurance, but that amount is a ballpark figure based upon a 50-year-old married female who requires comprehensive and collision coverage and $1,000 physical damage deductibles.

There is a high probability that you are not 50 and maybe not even a female, possibly single instead of married, or maybe your Escape is an older model. Using even a minor difference in policy rating data can produce large changes in how much coverage for a Ford Escape costs.

Auto insurance is unique to each driver, so the best way to find affordable rates for your Ford is to just take the time to compare rates yourself.

Compare Ford Escape Insurance Rates

Your Ford’s trim level will most likely have an effect on price, so the rate you pay to insure a Escape XLS 2WD trim level will be $44 less expensive the cost to insure the higher-priced Escape Limited 4WD model, as shown below.

Data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Premium costs do not factor in vehicle garaging location which can impact rates considerably.

Finding low-cost insurance is not easy, and determining which company offers the cheapest insurance rates for a Ford Escape will take even more perseverance.

Each auto insurance company uses their own method to determine rates, so let’s begin by taking a look at the overall cheapest insurance companies in Alaska. It’s important that you understand Alaska insurance rates are impacted by many factors that will increase or decrease the cost of your policy. Price variation is why consumers need to do a thorough rate comparison to get affordable insurance rates for a Ford Escape. Rates are made up of many different factors and can increase or decrease at any time, so the lowest-price company the last time you compared rates may now be quite expensive.

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Umialik may offer some of the cheapest car insurance rates in Alaska at around $865 each year. USAA, State Farm, Progressive, and GEICO would also make the list of some of the best Alaska auto insurance companies.

In the rate table above, if you are a customer of State Farm and switched to Umialik, you could see a yearly price reduction of roughly $100. Insureds with Progressive might save as much as $345 a year, and GEICO policyholders might see rate reductions of $1,078 a year.

To find cheap insurance for a Ford Escape in Alaska for your vehicle, click here to begin a quote or quote prices from the following companies.

It’s important to note that these premium estimates are averages for all insureds and vehicles and and are not figured with a specific rate value for a Ford Escape. So the company that fits your situation best may not even be in the company chart above. That emphasizes why you need to compare rates from multiple companies using your own specific driver information and vehicle.

Comparison of full coverage and liability-only policies

Finding cheap insurance for a Ford Escape in Alaska should be important to the majority of drivers, and one of the easiest ways to find cheaper insurance is to only buy liability insurance. The diagram below illustrates the comparison of annual premium costs with liability coverage only compared to full coverage. The rates are based on no driving violations, no at-fault accidents, $250 deductibles, single status, and no policy discounts are applied.

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If the expense is averaged for all age categories, physical damage coverage costs $1,468 per year more than just buying liability only. Many of you may wonder if you should buy full coverage at all. There is no definitive formula to stop paying for physical damage coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.

For example, let’s assume your vehicle’s settlement value is $9,500 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $8,500 after paying your deductible. If you are paying in excess of $850 annually for full coverage, then it’s probably a good time to buy liability coverage only.

Who has the cheapest Ford Escape insurance quotes?

Consumers have many ways to compare insurance prices in Alaska, but the most common are through an independent agent, a captive (or exclusive) agent like Allstate or State Farm, or direct from companies such as Geico or Progressive.

Each way has the same basic process, but insurance shoppers should know the differences in how they provide rate quotes.

Independent agencies write for multiple companies and can get rate quotes from all of them. These types of agents do not write with just one company and can provide multiple price quotes, which can help you get more bang for your buck. If cheaper coverage is found, your policy is moved internally which is easy for the insured.

Exclusive agents are restricted to quoting rates for a single company, a couple examples are a State Farm or Farmers agent. These agents normally cannot quote rates from more than one company, so if rates are high, they cannot give you alternative choices.

The third way to buy insurance is direct which means you skip either of the other two types of agents and instead buy direct either online or via phone. This insurance option may be the best choice drivers who do not have complex finances and know what insurance covers.

So which of those three methods works best to find cheap insurance for a Ford Escape in Alaska? It would be easy to say buying from a direct car insurance company results in the best prices because there is no agent involved, but in reality, that is not the case. We’d also like to say an independent agency guarantees the best prices because they can quote many companies, but that assumption is also not accurate. In some circumstances, the exclusive agents have coverage prices that independents and direct companies can’t touch.

Because it’s impossible to say who has the best insurance rates, the one way to get the lowest rate is to get rate quotes and compare. We highly recommend getting prices from all three in order to have enough rates to compare. To see some of the cheapest online companies available, click here to view.

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

Below you’ll find many thrifty suggestions that can help Alaska drivers locate low-cost coverage.

• Save money by only buying liability coverage for older vehicles
• Avoid speeding and other traffic citations and pay less
• Safer vehicles generally have cheaper insurance rates
• Do not get into accidents
• Increase your physical damage deductibles
• Higher credit ratings may save you money
• Compare prices as often as possible

That last idea is highly necessary, as was stressed in this piece. Rates in Alaska fluctuate constantly, so don’t be unwilling to switch carriers if a more affordable price is available.

Many consumers stick with the same company and that’s fine, but it’s not recommended if it’s costing you lots of money. It only take a few minutes to compare rates and find cheaper car insurance for a Ford Escape.