Cheapest Quotes for Ford Escape Insurance in Indianapolis

Insurance rates Ford Escape in IndianapolisIt’s a fact that insurance companies don’t want their customers to go rate shopping. Consumers who shop around for cheaper prices will probably move their business because there is a good chance of finding a cheaper policy. Surprisingly, a recent survey revealed that consumers who regularly shopped around saved $3,500 over four years compared to other drivers who never compared other company’s rates.

If finding the cheapest rates on Ford Escape insurance is your ultimate target, then having some insight into how to get price quotes and compare coverages can make the process more efficient.

The recommended way to get the cheapest auto insurance rates is to start comparing prices yearly from companies in Indianapolis. Rates can be compared by completing these steps.

A good piece of advice is to use identical coverage information on each price quote and and to get rate quotes from every company you can. This helps ensure an apples-to-apples comparison and the best rate selection.

Buying the cheapest insurance in Indianapolis seems hard but is not really that difficult. In a nutshell, every vehicle owner who needs lower cost insurance will probably find a lower-cost company. But Indiana vehicle owners should learn how insurance companies determine how much to charge because rates fluctuate considerably.

It’s important to know that comparing all the rates in your area helps improve the odds of finding the best rates. Not every company provides online price quotes, so you need to compare prices on coverage from those companies, too.

The companies in the list below are ready to provide free quotes in Indianapolis, IN. If multiple companies are shown, it’s a good idea that you compare several of them to get the cheapest price.

Ford Escape insurance analysis

The rate table shown next highlights a range of insurance rates for Ford Escape models. Being aware of how premiums are calculated can help you make decisions when choosing a new policy provider.

Ford Escape Insurance Rates in Indianapolis, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $116 $188 $238 $14 $72 $628 $52
Escape XLS 4WD $116 $188 $238 $14 $72 $628 $52
Escape XLT 2WD $116 $188 $238 $14 $72 $628 $52
Escape Limited 2WD $134 $188 $238 $14 $72 $646 $54
Escape XLT 4WD $134 $188 $238 $14 $72 $646 $54
Escape Limited 4WD $134 $230 $238 $14 $72 $688 $57
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Rate information does not factor in Indianapolis location which can lower or raise auto insurance rates greatly.

An analysis of deductible level

When shopping for car insurance, a common question is how high should the deductibles for physical damage be. The comparison tables below highlight the cost difference when you choose different coverage deductibles. The first table uses a $100 comprehensive and collision deductible and the second pricing table uses a $500 deductible.

Ford Escape insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $210 $358 $238 $14 $72 $917 $76
Escape XLS 4WD $210 $358 $238 $14 $72 $917 $76
Escape XLT 2WD $210 $358 $238 $14 $72 $917 $76
Escape Limited 2WD $242 $358 $238 $14 $72 $949 $79
Escape XLT 4WD $242 $358 $238 $14 $72 $949 $79
Escape Limited 4WD $242 $436 $238 $14 $72 $1,027 $86
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Ford Escape insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $154 $242 $238 $14 $72 $720 $60
Escape XLS 4WD $154 $242 $238 $14 $72 $720 $60
Escape XLT 2WD $154 $242 $238 $14 $72 $720 $60
Escape Limited 2WD $176 $242 $238 $14 $72 $742 $62
Escape XLT 4WD $176 $242 $238 $14 $72 $742 $62
Escape Limited 4WD $176 $294 $238 $14 $72 $794 $66
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Rate quotes do not factor in zip code location which can impact rates noticeably.

We can derive from the above data that using a $100 deductible will cost in the ballpark of $17 more each month or $204 each year than requesting the higher $500 deductible. Because you would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you average at least 24 months between claim filings, you would probably be better off if you choose a higher deductible.

The example below highlights how deductible selection and can change Ford Escape insurance costs for each age group. The prices are based on a single male driver, comp and collision included, and no discounts are applied to the premium.

Ford Escape full coverage rates compared to liability only

The information below shows the difference between Ford Escape insurance costs when comparing full coverage to liability only. The price estimates are based on no claims or driving violations, $1,000 deductibles, single status, and no discounts are applied to the premium.

When to drop comprehensive and collision

There isn’t a steadfast formula of when to drop physical damage insurance, but there is a general guideline. If the yearly cost of full coverage is more than around 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let’s say your Ford Escape replacement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $4,000 after paying the physical damage deductible. If premium cost is more than $400 a year for full coverage, then it may be the right time to buy liability only.

There are some cases where removing full coverage is not recommended. If you have an outstanding loan on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should keep full coverage on your policy.

Lower rates by qualifying for discounts

Some insurers don’t list every discount in an easy-to-find place, so we researched some of the best known and also the more inconspicuous ways to save on car insurance.Save money with discounts

Keep in mind that some of the credits will not apply to your bottom line cost. Most only reduce individual premiums such as liability, collision or medical payments. If you do the math and it seems like adding up those discounts means a free policy, you won’t be that lucky. Any amount of discount should definitely cut the cost of your policy.

The information below visualizes the comparison of Ford Escape insurance premiums with and without discounts applied to the rates. The rates are based on a female driver, a clean driving record, no claims, Indiana state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, claim-free, multi-policy, safe-driver, and multi-car discounts applied.

A few companies that may offer most of the discounts above include:

If you are trying to find cheaper Indianapolis auto insurance quotes, ask each company or agent which discounts they offer. All car insurance discounts may not apply in every state. To see a list of car insurance companies that offer discounts in Indianapolis, click here.

Why insurance is not optional

Despite the high cost, maintaining insurance is required for several reasons.

The benefits of having insurance definitely exceed the cost, particularly if you ever have a claim. But the average driver in Indiana is currently overpaying as much as $825 a year so compare rates once a year at a minimum to ensure rates are inline.

You are unique and your insurance should be too

When choosing adequate coverage, there really isn’t a cookie cutter policy. Each situation is unique so your insurance should reflect thatSafe vehicles cost less to insure
Here are some questions about coverages that can help discover if you would benefit from professional advice.

If you don’t know the answers to these questions, you might consider talking to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier

Exclusive versus independent insurance agencies

A lot of people would prefer to sit down and talk to an agent and that is a personal choice. The best thing about comparing rate quotes online is the fact that drivers can get the lowest rates and still have an agent to talk to.

Insurance agency in IndianapolisOnce you complete this form (opens in new window), your insurance data is submitted to local insurance agents in Indianapolis who can give free rate quotes for your insurance coverage. You never need to contact any agents as quotes are delivered to you directly. You’ll get the best rates and a licensed agent to work with. If you have a need to compare prices from a particular provider, you would need to jump over to their website and fill out the quote form the provide.

Deciding on an insurer requires more thought than just the bottom line cost. Here are some questions you might want to ask.

If you want a reputable insurance agent or broker, it’s important to understand the different types of agents that you can select. Agencies in Indianapolis can be categorized as either exclusive or independent agents depending on their company appointments.

Exclusive Insurance Agents

These type of agents have only one company to place business with and examples are Farmers Insurance, State Farm, Allstate, and AAA. Exclusive agents cannot compare rates from other companies so you might not find the best rates. Exclusive insurance agents receive a lot of sales training on the products they sell which helps them sell on service rather than price.

Below are exclusive agents in Indianapolis that are able to give price quotes.

6120 E Thompson Rd Ste BIndianapolis, IN 46237(317) 802-1550View Map

1398 Shadeland Ave Ste 2233Indianapolis, IN 46219(317) 353-6225View Map

9423 Pendleton PikeIndianapolis, IN 46236(317) 897-6129View Map

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Independent Insurance Agencies

Agents of this type are not limited to a single company and that gives them the ability to insure amongst many companies and help determine which has the cheapest rates. If prices rise, an independent agent can move your coverage and you don’t have to switch agencies. If you need cheaper insurance rates, we recommend you check rates from several independent agencies to get the most accurate price comparison.

Shown below are independent insurance agents in Indianapolis that are able to give comparison quotes.

8604 Allisonville Rd #210Indianapolis, IN 46250(317) 841-6004View Map

7364 E Washington StIndianapolis, IN 46219(317) 353-8000View Map

1402 N Capitol Ave #400Indianapolis, IN 46202(317) 634-7491View Map

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