Ford Escape Insurance Rates in Madison

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.

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.

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:

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.

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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