Who Has the Cheapest Insurance for a Ford Escape in Maine?

We always joke that when we write about auto insurance, the words “affordable” or “cheap” should never appear anywhere in the article to describe car insurance rates. It’s a simple fact that cheap car insurance for a Ford Escape can be hard, if not impossible, to find. But fear not, because we will tell you how you can still get coverage that is easy on your budget.

Whether or not you can find cheaper auto insurance for a Ford Escape in Maine depends on a complicated equation that takes into consideration things like how many years you have been driving, your credit rating, and deductible levels for physical damage coverage. Drivers in Maine will pay around $460 every 12 months to buy insurance for a Ford Escape, but that price is an estimate that uses a 30-year-old married female with full coverage and $500 policy deductibles.

The issue that arises when projecting rates is that it’s very likely that you are not 30 years old and maybe not even female, possibly single instead of married, or maybe your driving record has a blemish or two. Having even a minor difference in the criteria used to calculate rates can cause big differences in the policy rate.

Every policy is rated specifically for the driver, so the way we recommend to find cheap insurance rates for your Ford is to shop around at every renewal for lower rates.

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The trim level of your Escape will have an impact the yearly cost, so the price to insure a Escape XLS 2WD trim level will be $54 cheaper than the cost to insure the more well-appointed Escape Limited 4WD version, as shown by the rates below.

Premium data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Maine minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Estimates do not factor in zip code location which can lower or raise insurance rates significantly.

Finding dependable, cost effective car insurance is challenging, and determining which company has the cheapest insurance rates for a Ford Escape takes even more perseverance. Each insurer has their own process for determining rates in each state, so let’s begin by taking a look at the insurance companies with the most affordable rates in Maine.

Keep in mind that Maine insurance rates are influenced by many factors that control the policy price. This price fluctuation is why it is critical to do a thorough rate comparison when trying to get the lowest auto insurance rates for a Ford Escape. Rates are determined by many risk factors and can increase or decrease at any time, so the cheapest rate the last time you compared rates may now cost much more than other companies.

Best Car Insurance Prices for Your Escape

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Travelers offers some of the lowest car insurance rates in Maine at around $606 per year. USAA, Countryway Insurance, Vermont Mutual, and Patriot also qualify as some of the most economical Maine insurance companies.

As shown in the table above, if you currently buy coverage from Vermont Mutual and switched to USAA, you may realize an annual premium reduction of roughly $99. Maine drivers with Patriot may save as much as $109 a year, and The Hartford insureds might reduce rates by $120 a year.

To see if you’re overpaying, click here to get a free quote or click several companies below for low rates.

These premiums are averaged across all insureds and vehicles and and are not figured with a specific rate value for a Ford Escape. So the car insurance company that is best suited for you may not even be included in the chart above. That’s why you need to get rate quotes using your own driver data and vehicle information.

Difference between liability only and full coverage rates

Finding the cheapest insurance for a Ford Escape in Maine is the goal of the majority of drivers, and one great way to find cheap insurance is to not insure for full coverage. The information below shows the comparison of insurance premiums with full phyical damage coverage and with liability coverage only. The data assumes no claims or driving citations, $100 deductibles, drivers are not married, and no additional discounts are factored in.

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Averaged for all age groups, full coverage costs $1,311 per year over having just liability coverage. A very common question is if buying full coverage is a waste of money. There is no set rule of when to eliminate full coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than about 10% of the settlement you would receive from your company, then it may be the right time to buy liability only.

For example, let’s assume your vehicle’s settlement value is $11,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $10,000 after paying the physical damage deductible. If it’s costing in excess of $1,000 annually for physical damage coverage, then it’s probably a good time to buy liability coverage only.

There are some conditions where eliminating full coverage is not financially feasible. If you still have a lienholder on your title, you have to keep full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.

Violations and accidents raise rates

The common sense way to score the cheapest insurance for a Ford Escape in Maine is to drive safe and not get tickets or have accidents. The diagram below demonstrates how speeding tickets and accident claims impact yearly insurance costs for each age group. The price estimates are based on a married female driver, comp and collision included, $250 deductibles, and no policy discounts are applied.

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In the chart above, the average cost of a car insurance policy per year with no accidents or violations is $837. Get written up for two speeding tickets and the average cost increases to $1,184, an increase of $346 each year. Now add in two accidents along with the two speeding tickets and the annual cost of insurance for a Ford Escape increases to an average of $2,464. That’s an increase of $1,627, or $136 per month, just for not driving responsibly!