Compare Ford Escape Insurance Quotes in Lubbock

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It's a known fact that car insurance companies don't want you quoting rates from other companies. Drivers who get price quotes annually will, in all likelihood, switch auto insurance companies because the odds are good of finding coverage at a more affordable price. Remarkably, a study showed that people who routinely shopped for cheaper coverage saved about $70 a month as compared to drivers who never compared prices.

If finding discount rates on car insurance in Lubbock is why you're here, then understanding how to shop and compare cheaper coverage can make it easier to find better rates.

Insurance for Ford EscapeThe preferred way to find affordable quotes for Ford Escape insurance is to make a habit of regularly comparing prices from providers that insure vehicles in Lubbock. Rates can be compared by following these steps.

  • Step 1: Try to learn about what coverages are included in your policy and the things you can control to keep rates in check. Many factors that result in higher prices like speeding tickets, careless driving and poor credit can be rectified by making minor changes to your lifestyle.
  • Step 2: Get rate quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from a single company like GEICO and State Farm, while agents who are independent can provide prices for a wide range of insurance providers.
  • Step 3: Compare the new rates to the premium of your current policy to see if a cheaper rate is available in Lubbock. If you find a lower rate and switch companies, ensure there is no coverage lapse between policies.

An essential thing to point out is to use identical coverage information on each quote request and and to get prices from as many different companies as possible. Doing this helps ensure a level playing field and a complete selection of prices.

If you currently have a car insurance policy, you will most likely be able to shop for the lowest rates using the techniques presented in this article. Our objective in writing this article is to familiarize you with the best methods to compare rates. But Texas car owners do need to understand how insurance companies determine how much to charge because it varies considerably.

When comparing car insurance rates, know that comparing more rates from different companies will enable you to find a lower rate than you're paying now. Some smaller insurers do not give Lubbock Escape insurance quotes online, so it's necessary to compare price estimates from the smaller companies as well.

The following companies provide free rate quotes in Texas. If you want the cheapest car insurance in Lubbock, we recommend you compare several of them to get a more complete price comparison.

Ford Escape coverage statistics

The premium table displayed next outlines different coverage costs for Ford Escape models. Being aware of how insurance policy premiums are established is important for you to make decisions on which coverage to buy.

Ford Escape Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $200 $346 $310 $18 $94 $968 $81
Escape XLS 4WD $200 $346 $310 $18 $94 $968 $81
Escape XLT 2WD $200 $346 $310 $18 $94 $968 $81
Escape Limited 2WD $230 $346 $310 $18 $94 $998 $83
Escape XLT 4WD $230 $346 $310 $18 $94 $998 $83
Escape Limited 4WD $230 $422 $310 $18 $94 $1,074 $90
Get Your Own Custom Quote Go

Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Rate quotes do not factor in specific location information which can alter prices considerably.

Analysis of deductible levels

One common question asked by Lubbock drivers is which deductibles should you choose. The following tables determine the rate difference between high and low deductibles. The first set of prices uses a $250 deductible and the second set of rates uses a $500 deductible.

Ford Escape insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $256 $408 $324 $20 $96 $1,129 $94
Escape XLS 4WD $256 $408 $324 $20 $96 $1,129 $94
Escape XLT 2WD $256 $408 $324 $20 $96 $1,129 $94
Escape Limited 2WD $294 $408 $324 $20 $96 $1,167 $97
Escape XLT 4WD $294 $408 $324 $20 $96 $1,167 $97
Escape Limited 4WD $294 $496 $324 $20 $96 $1,255 $105
Get Your Own Custom Quote Go
Ford Escape insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $208 $328 $324 $20 $96 $976 $81
Escape XLS 4WD $208 $328 $324 $20 $96 $976 $81
Escape XLT 2WD $208 $328 $324 $20 $96 $976 $81
Escape Limited 2WD $240 $328 $324 $20 $96 $1,008 $84
Escape XLT 4WD $240 $328 $324 $20 $96 $1,008 $84
Escape Limited 4WD $240 $400 $324 $20 $96 $1,080 $90
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Table data does not factor in specific Lubbock garaging location which can modify rates substantially.

Based on the figures above, using a $250 deductible costs about $13 more each month or $156 for a full year averaged for all Escape models than opting for the higher $500 deductible. Due to the fact that you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you tend to average more than 19 months between claim filings, you would save money if you choose the higher deductible. The numbers below show how this calculation is made.

Average monthly premium for $250 deductibles: $97
Average monthly premium for $500 deductibles (subtract): - $84
Monthly savings from raising deductible: $13
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $13
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

An important sidenote is that raising deductibles means you will have to pay more of your own money when you have a physical damage claim. That will necessitate some savings in the bank in order to pay the deductible.

Men versus women drivers and insurance cost

The information below illustrates the difference between Ford Escape insurance premiums for male and female drivers. The rates are based on no violations or accidents, comprehensive and collision coverage, $250 deductibles, marital status is single, and no other discounts are factored in.

Full coverage versus liability-only

The information below compares Ford Escape auto insurance costs with full physical damage coverage and with liability coverage only. The price estimates are based on a clean driving record, no claims, $100 deductibles, drivers are single, and no discounts are applied.

Guidelines for dropping full coverage

There is no exact formula to eliminate full coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than around 10% of the vehicle's replacement cost less your deductible, then you might want to consider buying only liability coverage.

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

There are a few situations where dropping physical damage coverage is not advised. If you haven't satisfied your loan, you must maintain physical damage coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not drop full coverage.

Insurance Premium Influencing Factors

Lots of things are considered when premium rates are determined. Most are fairly basic like a motor vehicle report, although some other factors are not as apparent such as whether you are married or how safe your car is.

The items below are some of the factors that factor into rates.

  • Occupation and insurance rates - Do you have a high-stress occupation? Jobs such as lawyers, social workers, and accountants tend to pay higher rates than the rest of us in part from intense work situations and lots of time spent at work. Other jobs like professors, historians and the unemployed generally pay rates lower than average.
  • Never let your insurance policy lapse - Going without insurance will be a fast way to pay more for insurance. In addition to paying higher premiums, getting caught without coverage can result in a fine, jail time, or a revoked license. You may then be required to file a SR-22 with the Texas motor vehicle department to get your license reinstated.
  • Pay more for higher performance vehicles - The performance level of the car you own makes a huge difference in your auto insurance rates. The lowest performance passenger models normally have pretty low rates, but the cost you end up paying is determined by many additional factors.

    The data below assumes a married female driver age 30, full coverage with $1000 deductibles, and no discounts or violations. It shows Ford Escape car insurance rates compared to other vehicles that have different risk factors.

  • Better insurance rates on cars with good safety ratings - Cars with five star safety ratings can get you lower premiums. Vehicles built for safety result in less severe injuries and fewer injuries means your insurance company pays less and cheaper rates on your policy.
  • Insurance loss data for a Ford Escape - Insurance companies analyze past claim statistics to help set a rate to offset losses. Models that the statistics show to have higher losses will cost more for specific coverages.

    The table below outlines the actual insurance loss data for Ford Escape vehicles. For each coverage category, the statistical loss for all vehicles, without regard to make or model, is represented as 100. Percentage values below 100 represent a good loss history, while values that are 100 or greater indicate more frequent losses or statistically larger claims.

    Ford Escape Insurance Loss Statistics
    Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Ford Escape 4dr 2WD 80 91 83 94 94 92
    Ford Escape 4dr 4WD 81 84 94 85 90 77
    BETTER
    AVERAGE
    WORSE

    Statistics from IIHS.org for 2013-2015 Model Years

Why you need insurance for your Ford Escape

Even though it can be expensive, insuring your vehicle is required for several reasons.

  • The majority of states have mandatory liability insurance requirements which means you are required to carry specific limits of liability coverage in order to drive the car. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If your Escape has a loan, almost every bank will make it a condition of the loan that you buy full coverage to protect their interest in the vehicle. If the policy lapses, the bank will be required to insure your Ford for a much higher rate and force you to pay much more than you were paying before.
  • Insurance protects both your assets and your car. It will also provide coverage for many types of medical costs for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance also pays for attorney fees and expenses if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive and/or collision insurance will pay to repair the damage.

The benefits of buying enough insurance are without a doubt worth the cost, especially with large liability claims. Despite what companies tell you, the average driver overpays more than $855 a year so we recommend shopping around at least once a year to help ensure money is not being wasted.