Ford Escape Insurance Rates in Madison

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The best way to get affordable Ford Escape insurance in Madison is to compare quotes annually from providers who provide car insurance in Wisconsin.

  1. Spend a few minutes and learn about how auto insurance works and the things you can change to prevent rate increases. Many factors that increase rates such as at-fault accidents, careless driving, and an imperfect credit rating can be rectified by making minor driving habit or lifestyle changes. Keep reading for information to prevent expensive rate increases and find additional discounts.
  2. Compare prices from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give rate quotes from one company like Progressive or State Farm, while agents who are independent can provide prices from multiple sources. Click to view companies
  3. Compare the quotes to your current policy to determine if you can save on Escape insurance. If you find better rates and change companies, ensure coverage does not lapse between policies.

The critical component of shopping around is to try to compare identical coverage information on every quote and and to get rate quotes from as many companies as you can. Doing this provides the most accurate price comparison and the best price selection.

Insurance quote for Ford Escape in MadisonEveryone knows that auto insurance companies want to keep you from comparing rates. Insureds who shop around for the cheapest price will presumably switch companies because there is a good probability of finding a lower-priced policy. A recent insurance study discovered that consumers who made a habit of comparing rate quotes saved about $860 a year compared to drivers who never shopped around for lower prices.

If finding the best rates on insurance in Madison is your ultimate goal, then learning a little about how to find companies and compare cheaper coverage can make it easier for you to save money.

If you are paying for car insurance now, you will definitely be able to get lower rates using these methods. This article will tell you how car insurance works. But Wisconsin drivers must know the methods companies use to determine premium rates and use it to find better rates.

Madison insurance discounts for a Ford Escape

Car insurance is easily one of your largest bills, but you may find discounts to cut the cost considerably. Certain discounts will be applied at the time of quoting, but less common discounts must be inquired about before being credited.

  • Passive Restraints and Air Bags - Vehicles equipped with air bags and/or automatic seat belt systems could see savings of 20% or more.
  • ABS and Traction Control Discounts - Vehicles with ABS and/or traction control can stop better under adverse conditions so you can save 10 percent or more.
  • Low Mileage Discounts - Driving less may enable drivers to earn lower prices due to less chance of an accident.
  • Resident Student - Youth drivers living away from Madison attending college and won't have access to an insured vehicle can be insured at a reduced rate.
  • Save over 55 - Seniors may be able to get better car insurance rates.
  • Multi-policy Discount - If you have multiple policies with the same insurance company you could save at least 10% off all policies.
  • Anti-theft Discount - Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems have a lower chance of being stolen so companies will give you a small discount.
  • First Accident Forgiveness - This isn't a discount exactly, but some insurance companies will forgive one accident before your rates go up with the catch being you have to be claim-free before the accident.
  • Cautious Driver Discounts - Drivers without accidents can get discounts for up to 45% lower rates than drivers with accident claims.

As is typical with insurance, most discount credits are not given to the entire cost. Most only reduce the cost of specific coverages such as medical payments or collision. Even though the math looks like all those discounts means the company will pay you, companies wouldn't make money that way.

The chart below shows the comparison of Ford Escape insurance premiums with and without discounts applied to the rates. The price estimates are based on a male driver, no violations or claims, Wisconsin state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, claim-free, multi-policy, homeowner, and safe-driver discounts applied.

To find providers who offer free Ford Escape insurance quotes in Wisconsin, follow this link.

To find cheaper quotes, there are a couple of ways to compare quotes from all the different companies. The best way to find cheaper rates is to use the internet to compare rates.

When price shopping your coverage, having more price comparisons gives you a better chance of getting better pricing.

The companies in the list below have been selected to offer comparison quotes in Wisconsin. To find cheap auto insurance in Madison, we recommend you click on several of them in order to find the most competitive rates.

Ford Escape insurance rate analysis

The rate table below covers different prices for Ford Escape models. Having a good understanding how policy premiums are formulated can assist in making informed decisions when comparing rates.

Ford Escape Insurance Rates in Madison, WI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $154 $246 $196 $12 $58 $666 $56
Escape XLS 4WD $154 $246 $196 $12 $58 $666 $56
Escape XLT 2WD $154 $246 $196 $12 $58 $666 $56
Escape Limited 2WD $178 $246 $196 $12 $58 $690 $58
Escape XLT 4WD $178 $246 $196 $12 $58 $690 $58
Escape Limited 4WD $178 $300 $196 $12 $58 $744 $62
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Wisconsin minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Information does not factor in vehicle location which can influence premium rates greatly.

Deductible comparison

One of the most common insurance questions is which deductible level should you buy. The figures shown below may help you to understand the differences in price between high and low comp and collision deductibles. The first rate table uses a $250 comprehensive and collision deductible and the second rate table uses a $500 deductible.

Ford Escape insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $154 $246 $196 $12 $58 $691 $58
Escape XLS 4WD $154 $246 $196 $12 $58 $691 $58
Escape XLT 2WD $154 $246 $196 $12 $58 $691 $58
Escape Limited 2WD $178 $246 $196 $12 $58 $715 $60
Escape XLT 4WD $178 $246 $196 $12 $58 $715 $60
Escape Limited 4WD $178 $300 $196 $12 $58 $769 $64
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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 $126 $198 $196 $12 $58 $590 $49
Escape XLS 4WD $126 $198 $196 $12 $58 $590 $49
Escape XLT 2WD $126 $198 $196 $12 $58 $590 $49
Escape Limited 2WD $144 $198 $196 $12 $58 $608 $51
Escape XLT 4WD $144 $198 $196 $12 $58 $608 $51
Escape Limited 4WD $144 $242 $196 $12 $58 $652 $54
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Rate quotes do not factor in vehicle location which can raise or lower prices substantially.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you approximately $9 more each month or $108 each year than requesting the higher $500 deductible. Because you would be required to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you average at a minimum 28 months between claims, you would probably save some money if you elect the higher deductible.

How to calculate deductible break even point

Average monthly premium for $250 deductibles: $60
Average monthly premium for $500 deductibles (subtract): - $51
Monthly savings from raising deductible: $9
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $9
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 28 months

One important issue to know is that raising deductibles to get cheaper rates results in more money out-of-pocket if you have a claim. It will be required that you have some extra funds in the event you have to pay more for the deductible.

Rate difference between full and liability-only coverage

The chart below illustrates the difference between Ford Escape insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premium estimates are based on no claims or driving violations, $250 deductibles, drivers are not married, and no additional discounts are factored in.

Are you wasting money on full coverage?

There is no definitive guideline to delete comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is more than about 10% of the vehicle's replacement cost less your deductible, then it may be the right time to buy liability only.

For example, let's pretend your Ford Escape replacement cost is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $4,000 after paying your deductible. If it's costing you more than $400 annually to have full coverage, then you may want to consider only buying liability coverage.

There are some cases where buying only liability insurance is not financially feasible. If you still owe money on your vehicle, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not remove full coverage.

Ford Escape Insurance Cost Factors

An important part of buying insurance is that you know the factors that come into play when calculating the rates you pay for car insurance. If you understand what impacts premium levels, this empowers consumers to make smart changes that can help you get much lower annual insurance costs.

The items below are some of the things used by companies to determine your rates.

  • Small claims can cost you - If you file a lot of claims you shouldn't be surprised to get either a policy non-renewal or much higher rates. Insurance companies in Wisconsin award the best rates to insureds who file claims infrequently. Your car insurance is meant to be used in the event of the bigger claims that can't be paid out-of-pocket.
  • Proper usage rating affects rates - Driving more miles each year the higher your rates will be. Most insurance companies rate vehicles based upon how you use the vehicle. Cars and trucks that sit idle most of the time get more affordable rates compared to those used for work or business. An incorrectly rated Escape is just wasting money. Ask your agent if your declarations sheet correctly shows the correct driver usage.
  • Eliminate add-on coverages - Insurance companies have many extra add-on coverages that can waste your money on your Escape policy. Coverages like coverage for rental cars, towing coverage, and Farm Bureau memberships may be costing you every month. These may sound like a good investment when discussing your needs, but now you might not need them so get rid of them and save.
  • Insure car and home with the same company - Most insurance companies will award discounts to buyers who consolidate policies with them in the form of a multi-policy discount. The discount can add up to anywhere from five to ten percent in most cases. If you currently are using one company, you may still want to shop around to help guarantee you have the best rates.
  • Protect yourself with liability protection - A critical coverage on your policy, liability insurance will protect you in the event that you are responsible for damages from an accident. Your policy's liability insurance provides for a legal defense which can cost a lot. Carrying liability coverage is mandatory and cheap compared to comp and collision, so insureds should have plenty of protection for their assets.
  • Deter vehicle theft - Purchasing a vehicle with a theft deterrent system can save you a little every year. Anti-theft devices such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack can help prevent your car from being stolen.
  • Ford Escape insurance loss data - Insurance companies analyze claim trends for every vehicle to calculate a price that offsets possible losses. Models that the data determines to have increased claim numbers or amounts will have increased rates.

    The table shown below demonstrates the actual insurance loss data for Ford Escape vehicles. For each insurance policy coverage type, the statistical loss for all vehicles, regardless of make, model or trim level, is equal to 100. Numbers under 100 suggest a positive loss record, while percentages above 100 point to more losses or a tendency for losses to be larger than average.

    Ford Escape Insurance Claim Statistics
    Specific Ford 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

    Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Car insurance quotes from local Madison insurance agents

Many drivers just want to have an agent's advice and that is recommended in a lot of cases An additional benefit of comparing rate quotes online is that drivers can save money and get the best rates and also buy local.

By using this quick form, the coverage information is transmitted to insurance agents in Madison that give free quotes for your business. You won't even need to contact an agency as quotes are delivered to you. You'll get the best rates and a licensed agent to work with. If you want to get a comparison quote from one company in particular, you would need to go to their quote page and fill out their quote form.

Choosing an company needs to be determined by more than just a cheap price quote. These are valid questions to ask:

  • Do they prorate repair cost based on vehicle mileage?
  • Is coverage determined by price?
  • Is every driver in your family covered?
  • Can they help ensure a fair claim settlement?
  • Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?

Pick the best auto insurance agent in Madison for you

When looking for a reputable insurance agent or broker, there are a couple of different types of agents and how they operate. Insurance agencies in Madison can be categorized as either independent or exclusive.

Exclusive Agencies

Agents in the exclusive channel work for only one company like Farmers Insurance and State Farm. They generally cannot provide prices from multiple companies so you might not find the best rates. They are highly trained on sales techniques which helps them compete with independent agents. Consumers frequently buy insurance from these agents primarily because of the brand name rather than having the cheapest rates.

Shown below is a list of exclusive insurance agents in Madison who may provide you with rate quotes.

More Madison agents

Independent Agents (or Brokers)

These agents are not limited to a single company and that allows them to write policies with multiple insurance companies depending on which coverage is best. To move your coverage to a new company, your agent can just switch to a different company and you won't have to switch agencies. If you are comparing rate quotes, you absolutely need to check rates from multiple independent agents to get the most accurate price comparison. Most independent agents also contract with companies that do not advertise much that may have much lower rates than larger companies.

The following is a list of independent insurance agencies in Madison willing to provide comparison quotes.

More Madison agents

After getting good answers to all your questions as well as inexpensive Ford Escape insurance in Madison quotes, most likely you have located an insurance agent that can be trusted to properly service your car insurance policy.

Three reasons to insure your Ford Escape

Even though it can be expensive, insuring your vehicle is most likely required but also gives you several important benefits.

  • Most states have mandatory insurance requirements which means it is punishable by state law to not carry a specific level of liability insurance coverage in order to get the vehicle licensed. In Wisconsin these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If your vehicle has a lienholder, more than likely the lender will stipulate that you buy full coverage to ensure loan repayment if the vehicle is totaled. If you let the policy lapse, the lender may have to buy a policy to insure your Ford at a more expensive rate and require you to reimburse them a much higher amount than you were paying before.
  • Insurance protects not only your Ford but also your financial assets. Insurance will pay for most medical and hospital costs that are the result of an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if you cause an accident and are sued. If you have damage to your Ford as the result of the weather or an accident, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.

The benefits of buying auto insurance more than offset the price you pay, especially when you need to use it. The average driver in America overpays more than $810 a year so shop around each time the policy renews to help ensure money is not being wasted.

Don't give up on affordable rates

Lower-priced Ford Escape insurance in Madison is attainable from both online companies and from local agencies, and you should compare rates from both to have the best rate selection. A few companies don't offer the ability to get quotes online and most of the time these small insurance companies provide coverage only through independent agents.

Consumers switch companies for many reasons like lack of trust in their agent, denial of a claim, being labeled a high risk driver or high rates after DUI convictions. Regardless of your reason, finding a new auto insurance company can be easy and end up saving you some money.

We covered a lot of information how to get a better price on Ford Escape insurance in Madison. It's most important to understand that the more companies you get premium rates for, the better chance you'll have of finding cheaper Madison car insurance quotes. Consumers could even find that the biggest savings come from the smaller companies.

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