Save Money on Ford Taurus Insurance in El Paso

Finding more affordable prices on Ford Taurus insurance in El Paso is always a challenge for drivers who are new to quoting coverage rates online. People have so many options available that it can quickly become a real hassle to find cheaper prices on Ford Taurus insurance.

How to find better rates for Ford Taurus insurance in El Paso

Truthfully, the best way to find affordable quotes for Ford Taurus insurance in El Paso is to start doing a yearly price comparison from providers in Texas. Rate comparisons can be done by following these steps.

• First, gain an understanding of auto insurance and the changes you can make to prevent expensive coverage. Many risk factors that result in higher rates like distracted driving and your credit history can be remedied by paying attention to minor details.
• Second, compare rates from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from a single company like GEICO and State Farm, while independent agents can give you price quotes from multiple sources. Start a quote
• Third, compare the new rate quotes to the price on your current policy and see if there is a cheaper rate in El Paso. If you find a better price and make a switch, make sure there is no lapse in coverage.

The most important part of this process is to try to compare the same liability limits and deductibles on every price quote and and to get rate quotes from as many auto insurance providers as possible. Doing this ensures a fair rate comparison and and a good selection of different prices.

Anyone knows that car insurance companies want to prevent you from shopping around. Consumers who get price comparisons are inclined to buy a different policy because there is a significant possibility of getting low-cost coverage. A recent survey revealed that people who compared rates annually saved on average $3,500 over four years compared to drivers who never shopped for cheaper rates.

If finding low prices for Ford Taurus insurance in El Paso is your objective, knowing the best way to compare insurance rates can help simplify the task of finding more affordable coverage.

Ford Taurus coverage statistics

The information shown next outlines estimates of insurance costs for Ford Taurus models. Being more informed about how car insurance premiums are established can benefit drivers when making smart choices when buying a policy.

Prices above based on married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Rate information does not factor in vehicle location which can influence auto insurance rates greatly.

Where to set your deductibles

When comparing auto insurance rates, the most common question is where to set your physical damage deductibles. The data tables below may aid in understanding the price difference between high and low comp and collision deductibles. The first rate comparisons uses a $250 physical damage coverage deductible and the second data table uses a $1,000 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Rates do not factor in specific El Paso garaging location which can change premium rates substantially.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you about $32 more each month or $384 annually than choosing the higher $1,000 deductible. Because you would be required to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you average at least 23 months between claim filings, you would come out ahead if you elect the higher deductible. The numbers below show the way we made this calculation.

Males versus Females

The diagram below shows the comparison of Ford Taurus car insurance rates for male and female drivers. The price estimates are based on no tickets, no at-fault accidents, full coverage, $100 deductibles, single marital status, and no discounts are applied.

Do you need full coverage?

The illustration below compares Ford Taurus premium costs with and without full coverage. The data is based on a clean driving record, no at-fault accidents, $250 deductibles, marital status is single, and no other discounts are factored in.

Should you be buying full coverage?

There isn't a steadfast formula of when to stop paying for full coverage, but there is a guideline you can consider. If the yearly cost of full coverage is more than 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 pretend your Ford Taurus settlement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $2,000 after paying your policy deductible. If it's costing in excess of $200 a year for your policy with full coverage, then you may need to consider dropping full coverage.

There are some circumstances where dropping physical damage coverage is not a good idea. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you don't have enough money to buy a different vehicle in case of an accident, you should not buy liability only.

Information about specific coverages

Having a good grasp of your auto insurance policy aids in choosing the best coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and reading a policy is terribly boring. Below you'll find the usual coverages available from auto insurance companies.

Collision - Collision coverage pays for damage to your Taurus from colliding with another car or object. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things like crashing into a ditch, colliding with a tree, sustaining damage from a pot hole and sideswiping another vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. It's also possible to choose a higher deductible on your Taurus in order to get cheaper collision rates.

Comprehensive coverage (or Other than Collision) - Comprehensive insurance will pay to fix damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like a broken windshield, damage from getting keyed, falling objects and hail damage. The highest amount your auto insurance company will pay is the ACV or actual cash value, so if the vehicle's value is low it's probably time to drop comprehensive insurance.

Insurance for medical payments - Med pay and PIP coverage provide coverage for immediate expenses for things like doctor visits, EMT expenses and surgery. The coverages can be utilized in addition to your health insurance plan or if there is no health insurance coverage. They cover both the driver and occupants in addition to getting struck while a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance - Uninsured or Underinsured Motorist coverage gives you protection when the "other guys" do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as your vehicle's damage.

Since a lot of drivers carry very low liability coverage limits (30/60/25), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Liability - Liability coverage protects you from damages or injuries you inflict on people or other property by causing an accident. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 30/60/25 which stand for a limit of $30,000 per injured person, $60,000 for the entire accident, and a limit of $25,000 paid for damaged property. Another option is a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage protects against claims such as repair costs for stationary objects, structural damage, repair bills for other people's vehicles, attorney fees and medical expenses. How much liability should you purchase? That is your choice, but it's cheap coverage so purchase as much as you can afford. Texas requires drivers to carry at least 30/60/25 but you should consider buying more liability than the minimum.

The illustration below shows why low liability limits may not provide adequate coverage.

In conclusion

We just showed you many ideas to find cheap Ford Taurus insurance in El Paso. The key concept to understand is the more rate quotes you have, the higher your chance of finding affordable Ford Taurus insurance quotes. You may even discover the biggest savings come from a company that doesn't do a lot of advertising. These companies may often insure only within specific states and give better rates than their larger competitors like State Farm, GEICO and Nationwide.

Some insurance companies do not offer the ability to get a quote online and most of the time these smaller providers only sell through local independent agencies. The cheapest Ford Taurus insurance in El Paso is possible both online as well as from independent agents in El Paso, and you need to price shop both to have the best selection.

Steps to finding affordable quotes for Ford Taurus insurance in El Paso

If you want to save the most money, the best way to get low-cost Ford Taurus insurance is to do an annual price comparison from insurance carriers who provide car insurance in El Paso.

• Step 1: Try to comprehend how insurance works and the measures you can take to keep rates low. Many factors that are responsible for high rates such as at-fault accidents, speeding tickets, and a poor credit rating can be controlled by making minor changes in your lifestyle.
• Step 2: Compare price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like Progressive or Allstate, while independent agents can quote rates from many different companies. Select a company
• Step 3: Compare the new rate quotes to your current policy premium to see if a cheaper rate is available. If you find a lower rate quote and buy the policy, make sure the effective date of the new policy is the same as the expiration date of the old one.
• Step 4: Tell your current company of your intent to cancel your current car insurance policy and submit a down payment along with a completed application to your new company or agent. Immediately store the certificate verifying coverage in your vehicle's glove compartment or console.

A tip to remember is to make sure you enter the same amount of coverage on every quote request and and to analyze as many companies as you can. This enables an apples-to-apples comparison and a better comparison of the market.

More information is available at the links below

• Young Drivers: The High Risk Years Video (iihs.org)
• How to Avoid Common Accidents (State Farm)
• Uninsured Motorists: Threats on the Road (Insurance Information Institute)
• New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
• When is the Right Time to Switch Car Insurance Companies? (Allstate)