Compare Ford Escape Insurance Quotes in Lubbock

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.

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
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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
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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
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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.

Why you need insurance for your Ford Escape

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

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.