Trying to come up with a payment for overpriced insurance can sap your checking account and make it impossible to make ends meet. Shopping your coverage around can help to cut your insurance bill.
We don’t have to tell you that insurance companies want to keep you from shopping around. Drivers who shop around for cheaper price quotes will presumably switch insurance companies because there is a good chance of finding discount prices. A recent insurance study discovered that consumers who compared price quotes annually saved over $3,500 over four years compared to people who didn’t regularly shop around.
If finding discount rates on car insurance is your ultimate objective, then understanding how to find and compare insurance rates can save time, money, and frustration. Many car insurance companies vie for your hard-earned dollar, and it can be difficult to compare rates and get the definite lowest rate possible on Ford Taurus insurance in Scottsdale.
The companies shown below have been selected to offer free quotes in Arizona. If you wish to find the best auto insurance in Scottsdale, we suggest you click on several of them in order to get a fair rate comparison.
Premium rates and analysis
The information below covers different insurance policy prices for Ford Taurus models. Being aware of how rate quotes are determined is important for you to make smart choices when buying a car insurance policy.
|Taurus SEL AWD
|Taurus Limited AWD
|Taurus SHO AWD
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Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Estimates do not factor in specific Scottsdale garaging location which can decrease or increase premiums greatly.
The illustration below demonstrates how deductibles and can impact Ford Taurus insurance premiums for different age categories. The information is based on a married female driver, comp and collision included, and no discounts are taken into consideration.
Tickets and at-fault accidents raise rates
The illustration below demonstrates how speeding tickets and accidents can influence Ford Taurus insurance premiums for each age group. The premium estimates are based on a married male driver, full coverage, $1,000 deductibles, and no discounts are taken into consideration.
Does full coverage make sense?
The illustration below illustrates the difference between Ford Taurus yearly insurance costs with full physical damage coverage compared to only buying liability only. Data assumes no driving violations, no at-fault accidents, $500 deductibles, single status, and no additional discounts are factored in.
When to buy liability coverage only
There isn’t a written rule for dropping full coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than around 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
For example, let’s assume your Ford Taurus settlement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company would pay you is $6,000 after you pay the deductible. If you are currently paying more than $600 a year for full coverage, then you might want to think about dropping full coverage.
There are some cases where buying only liability insurance is not recommended. If you still have a lienholder on your title, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not opt for liability only.
Protect more than your Taurus
Even though it’s not necessarily cheap to insure a Ford in Scottsdale, maintaining insurance is required in Arizona but it also protects you in many ways.
First, most states have minimum liability requirements which means the state requires a specific minimum amount of liability coverage in order to be legal. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you took out a loan on your Ford Taurus, most lenders will require that you buy insurance to protect their interest in the vehicle. If you let the policy lapse, the bank may insure your Ford for a lot more money and require you to fork over for the much more expensive policy.
Third, insurance protects not only your Ford but also your financial assets. Insurance will also pay for most medical and hospital costs for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, will also pay for a defense attorney if you are named as a defendant in an auto accident. If you have damage to your Ford as the result of the weather or an accident, comprehensive and/or collision insurance will cover the repair costs.
The benefits of insuring your car definitely exceed the price paid, especially with large liability claims. The average driver in America overpays as much as $865 each year so it’s very important to do a rate comparison at least once a year to ensure rates are inline.
Your situation helps dictate your coverage
When choosing proper insurance coverage for your personal vehicles, there really isn’t a single plan that fits everyone. Everyone’s needs are different and your auto insurance should be unique as well.
For example, these questions might help in determining whether you would benefit from an agent’s advice.
- Will my insurance pay for OEM parts?
- Should I buy additional glass protection?
- What does UM/UIM cover?
- I have a DUI can I still get coverage?
- At what point should I drop full coverage?
- Does my Ford Taurus qualify for pleasure use?
- Does my Ford Taurus need full coverage?
- Do I need PIP coverage since I have good health insurance?
- Is my ex-spouse still covered by my policy?
If you can’t answer these questions but you know they apply to you, you might consider talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of auto insurance companies in your area. It’s fast, free and you can get the answers you need.
Auto insurance coverage specifics
Knowing the specifics of your policy can help you determine the best coverages and proper limits and deductibles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverage types found on most auto insurance policies.
This protects you from damages or injuries you inflict on other’s property or people by causing an accident. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 15/30/10 that translate to $15,000 bodily injury coverage, $30,000 for the entire accident, and a total limit of $10,000 for damage to vehicles and property.
Liability can pay for things such as structural damage, loss of income and court costs. How much coverage you buy is a personal decision, but buy as large an amount as possible. Arizona requires minimum liability limits of 15/30/10 but drivers should carry more coverage.
The next chart shows why buying the state minimum limits may not provide adequate coverage.
Comprehensive (Other than Collision)
Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things like rock chips in glass, theft, damage from flooding, hitting a bird and a broken windshield. The highest amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Collision coverage protection
Collision insurance pays to fix your vehicle from damage resulting from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage protects against things like colliding with another moving vehicle, backing into a parked car, hitting a mailbox, crashing into a building and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Another option is to bump up the deductible on your Taurus to save money on collision insurance.
Medical expense insurance
Med pay and PIP coverage reimburse you for immediate expenses for things like funeral costs, prosthetic devices and doctor visits. They are often used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. It covers both the driver and occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states and may carry a deductible
Protection from uninsured/underinsured drivers
This coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family and damage to your Ford Taurus.
Because many people only purchase the least amount of liability that is required (Arizona limits are 15/30/10), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.
Don’t give up on cheaper rates
When trying to cut insurance costs, it’s a bad idea to reduce coverage to reduce premium. There are too many instances where an insured dropped liability limits or collision coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. The goal is to buy a smart amount of coverage at an affordable rate, not the least amount of coverage.
You just learned a lot of tips how to save on Ford Taurus insurance in Scottsdale. The key thing to remember is the more price quotes you have, the higher your chance of finding low cost Scottsdale car insurance quotes. You may even be surprised to find that the most savings is with a company that doesn’t do a lot of advertising. These smaller insurers can often insure niche markets at a lower cost than their larger competitors like Allstate and Progressive.
How to find low-cost rates for Ford Taurus insurance in Scottsdale
The most effective way to get discount Ford Taurus insurance in Scottsdale is to make a habit of regularly comparing prices from providers that sell auto insurance in Arizona. You can compare prices by following these steps.
First, it will benefit you to learn about the coverage provided by your policy and the things you can control to prevent expensive coverage. Many risk factors that increase rates like careless driving and an unacceptable credit rating can be remedied by making small lifestyle or driving habit changes.
Second, request rate estimates from direct, independent, and exclusive agents. Direct and exclusive agents can only give rate quotes from a single company like Progressive or Allstate, while agents who are independent can provide rate quotes from multiple sources.
Third, compare the new quotes to your current policy premium to see if a cheaper rate is available. If you find a better price and buy the policy, verify that coverage does not lapse between policies.
The critical component of shopping around is to try to use the same physical damage deductibles and liability limits on every price quote and and to get prices from as many companies as feasibly possible. This guarantees a level playing field and the best rate selection.
For more information, take a look at the articles below:
- Uninsured Motorist Statistics (Insurance Information Institute)
- What Auto Insurance is Cheapest for First-time Drivers in Scottsdale? (FAQ)
- How to Avoid Common Accidents (State Farm)
- Speed and Speed Limit FAQ (iihs.org)
- When is the Right Time to Switch Car Insurance Companies? (Allstate)
- Preventing Carjacking and Theft (Insurance Information Institute)