Compare 2003 Ford Taurus Insurance Rates

Wish you could get a refund on high-priced car insurance? You’re preaching to the choir because there are many drivers thinking the same thing.

Popular companies such as Geico, 21st Century and Progressive constantly blast consumers with catchy ads and it is challenging if not impossible to see past the geckos and flying pigs and do the work needed to find the best deal.

You should take the time to compare prices occasionally since prices fluctuate regularly. Despite the fact that you may have had the best deal for Taurus insurance on your last policy you can probably find a lower rate today. Forget anything you know (or think you know) about car insurance because I’m going to let you in on the secrets to one of the best ways to find great coverage at a great price.

If you currently have a car insurance policy, you will most likely be able to reduce your rates substantially using these techniques. Finding affordable coverage is quite easy. But car owners do need to understand how big insurance companies market insurance on the web and take advantage of how the system works.

How to compare free insurance rate quotes

When shopping for the cheapest auto insurance quotes, there are a couple of ways of comparing rate quotes from local insurance companies. The recommended way to find competitive Ford Taurus insurance rates is to use the internet to compare rates. This is very easy and can be done in a couple of different ways.

1. The simplest way to get quotes for comparison would be an industry-wide quote request form like this one (opens in new window). This easy form saves time by eliminating separate quotation requests to each individual insurance company. A single form gets insurance cost estimates instantly.
2. A harder way to analyze rates consists of visiting each individual company website and complete a new quote form. For sake of this example, let’s say you want to compare rates from Progressive, Allstate and Travelers. You would need to take the time to go to each site and punch in your information repeatedly, which can get old fast. For a list of companies in your area, click here.

It doesn’t matter which method you choose, just ensure you’re using exactly the same coverage information for each quote you get. If you are comparing different coverage information it will be nearly impossible to make a fair rate comparison. Having just a slight variation in insurance coverages can mean a large discrepancy in price. Just keep in mind that comparing more company’s prices helps you find a better price. Not every company allows you to get price estimates online, so it’s necessary to compare rates from those companies as well.

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Earn discounts to get lower-cost insurance rates

Some companies do not advertise the complete list of policy discounts in a way that’s easy to find, so the below list has both the well known and the more hidden discounts you could be receiving when you buy auto insurance online. If you don’t get every credit available, you could be saving more on your insurance.

• Low Miles Discount – Low mileage vehicles can earn better premium rates on cars that stay parked.
• Smart Student Discounts – Maintaining excellent grades can get you a discount of up to 25%. This discount can apply up until you turn 25.
• Driver Education Discount – Cut your cost by having your teen driver successfully complete driver’s ed class if offered at their school.
• College Student Discount – Youth drivers who live away from home at college and won’t have access to an insured vehicle could qualify for this discount.
• Accident Waiver – Not necessarily a discount, but companies like Geico, State Farm, and Progressive will let one accident slide without the usual rate increase if your claims history is clear for a set time period.

You can save money using discounts, but most discounts do not apply to the entire policy premium. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. If you do the math and it seems like you could get a free insurance policy, it just doesn’t work that way. Any qualifying discounts will reduce your premiums.

If you would like to see a list of companies with discount insurance rates, follow this link.

Tailor your insurance coverage to you

When buying the best insurance coverage, there really is no single plan that fits everyone. Every insured’s situation is different so this has to be addressed. Here are some questions about coverages that may help highlight if your situation might need an agent’s assistance.

• Is my babysitter covered when using my vehicle?
• Does coverage extend to Mexico or Canada?
• Who is covered when they drive my 2003 Ford Taurus?
• If I drive on a suspended license am I covered?
• Should I file a claim if it’s only slightly more than my deductible?
• Do I have coverage when pulling a U-Haul trailer?
• Am I covered when using my vehicle for business?

If you don’t know the answers to these questions but a few of them apply, you may need to chat with a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Smart buyers can cut insurance costs

When buying insurance it’s important to understand some of the factors that aid in calculating your policy premiums. When you know what positively or negatively positively or negatively impacts your premiums, this allows you to make educated decisions that will entitle you to lower premium levels.

Listed below are some of the most rate-impacting factors utilized by car insurance companies to help set your prices.

• Cheaper rates after marriage – Getting married may cut your premiums when shopping for insurance. Having a spouse translates into being more responsible and insurance companies reward insureds because drivers who are married are more cautious.
• Eliminate unneeded add-on coverages – Insurance policies have a lot of extra coverages that can add up but may not be useful. Add-on coverages like rental car coverage, accidental death, and extra equipment coverage are probably not needed. They may seem like a good idea at first, but your money might be better spent on other coverage so consider taking them off your policy.
• The more you drive the more you pay – The more miles you rack up on your Ford every year the more you’ll pay to insure it. Most companies charge to insure your cars based on how the vehicle is used. Cars and trucks that are left in the garage cost less to insure than vehicles that are driven to work every day. It’s always a good idea to double check that your insurance policy is showing the proper vehicle usage. Improper usage on your Taurus can cost quite a bit.
• Consider raising deductibles – Your deductibles are how much you are willing to pay before a claim is paid by your company. Coverage for physical damage, termed comprehensive and collision coverage on your policy, protects your car from damage. Some examples of claims that would be covered are collision with another vehicle, animal collisions, and having a roll-over accident. The more expense the insured has to pay upfront, the better rate you will receive for Taurus insurance.

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Are auto insurance companies telling the truth?

Big name companies like 21st Century, Allstate and State Farm continually stream television, radio, and online ads. They all seem to have a common claim about how much you will save just by moving your auto insurance coverage to their company. How is it plausible that every one can give you a better price? It’s all in how they say it.

All companies quote their best rates for the type of customer that will generate a profit. An example of this type of insured might be between 25 and 40, has never had a claim, and drives newer vehicles. A customer that hits that “sweet spot” will qualify for the lowest rates and will save a lot of money.

Potential insureds who fall short of these stringent criteria will be quoted a higher premium and the customer buying from someone else. The trick is to say “drivers who switch” not “everybody who quotes” save that much when switching. This is how companies can make those claims.

Because of this risk profiling, you should get a wide range of price quotes. It’s just not possible to know the company that will have the best car insurance rates at this point in time.

Detailed coverages of your insurance policy

Learning about specific coverages of your policy can help you determine the best coverages and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. Shown next are the normal coverages found on the average insurance policy.

Comprehensive or Other Than Collision – This pays for damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as hitting a deer, damage from getting keyed and fire damage. The maximum payout a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Liability insurance – This protects you from damage or injury you incur to other’s property or people in an accident. This coverage protects you against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 100/300/100 which stand for $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.

Liability coverage pays for claims such as bail bonds, structural damage and attorney fees. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for doctor visits, X-ray expenses, funeral costs, nursing services and pain medications. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers you and your occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision – Collision insurance covers damage to your Taurus caused by collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things such as crashing into a building, backing into a parked car, hitting a mailbox and colliding with another moving vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to raise the deductible to get cheaper collision coverage.

UM/UIM Coverage – This coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants as well as damage to your Ford Taurus.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Final considerations

In this article, we presented some good ideas how you can get a better price on 2003 Ford Taurus insurance. It’s most important to understand that the more rate comparisons you have, the better likelihood of getting affordable auto insurance. You may be surprised to find that the biggest savings come from an unexpected company. These smaller insurers can often insure niche markets at a lower cost compared to the large companies like State Farm, Geico and Nationwide.

While you’re price shopping online, don’t be tempted to sacrifice coverage to reduce premiums. There have been many situations where an insured dropped comprehensive coverage or liability limits and learned later that it was a big mistake. Your goal is to find the BEST coverage for the lowest price.

Helpful articles

• Auto Insurance Facts and Statistics (Insurance Information Insitute)
• Your Car has been Stolen: Now What? (Allstate)
• Property Damage Coverage (Liberty Mutual)
• Tools for Teen Driving Safety (State Farm)
• Insurance Losses by Make and Model (iihs.org)

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