2007 Ford Expedition Insurance Rates – 8 Ways to Save

Trying to come up with a payment for overpriced auto insurance can consume your budget, especially in this economy. Doing a rate analysis can be a smart way to lower your bills every month.

There are many car insurance companies to buy insurance from, and although it’s a good thing to be able to choose, lots of choices makes it harder to compare rates and find the lowest cost auto insurance.

More affordable rates by applying these eight discounts

Auto insurance companies don’t always publicize all available discounts very well, so below is a list both well-publicized as well as the least known discounts that you can inquire about if you buy insurance coverage online. If you don’t get every credit you qualify for, you could be paying more than you need to.

• Low Mileage Discounts – Low annual miles could earn cheaper prices.
• Driver Training Discounts – Passing a class that teaches safe driver techniques could save 5% or more depending on where you live.
• Paperwork-free – Some of the larger companies will provide an incentive for buying a policy and signing up on their website.
• Safe Drivers – Insureds without accidents may save up to 50% more on Expedition coverage compared to rates paid by drivers with frequent claims.
• Drivers Education – Have your child take driver’s ed class in school.
• Full Payment Discount – By paying your entire bill at once instead of making monthly payments you may have a lower total premium amount.
• Distant College Student Discount – who attend college more than 100 miles from home and won’t have access to an insured vehicle can receive lower rates.
• No Charge for an Accident – This one isn’t a discount, but companies like Liberty Mutual and Geico will forgive one accident before hitting you with a surcharge as long as you don’t have any claims for a particular time prior to the accident.

Discounts lower rates, but most discount credits are not given to your bottom line cost. Most only apply to individual premiums such as liability, collision or medical payments. Even though the math looks like you would end up receiving a 100% discount, it just doesn’t work that way. But all discounts will definitely lower your policy premium.

Large insurance companies and a partial list of their discounts are:

• American Family may offer discounts for accident-free, TimeAway discount, multi-vehicle, Steer into Savings, and defensive driver.
• State Farm includes discounts for good student, good driver, multiple autos, multiple policy, and student away at school.
• 21st Century offers premium reductions for automatic seat belts, good student, defensive driver, air bags, and homeowners.
• Travelers offers discounts including good student, continuous insurance, IntelliDrive, driver training, and save driver.
• Geico discounts include good student, anti-lock brakes, membership and employees, seat belt use, multi-vehicle, defensive driver, and driver training.

Double check with each company which credits you are entitled to. Some of the earlier mentioned discounts might not be offered on policies in your area. To view insurance companies that offer multiple discounts, click here to view.

Your car insurance coverage should be tailored to you

When choosing coverage, there isn’t really a cookie cutter policy. Everyone’s situation is a little different so your insurance needs to address that. Here are some questions about coverages that can help discover if your insurance needs might need an agent’s assistance.

• Am I covered if hit by an uninsured driver?
• How much liability coverage do I need in my state?
• Why does it cost so much to insure a teen driver?
• Are there companies who specialize in insuring high-risk drivers?
• Should I waive the damage coverage when renting a car?
• Will filing a claim cost me more?
• If my 2007 Ford Expedition is totaled, can I afford another vehicle?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of car insurance companies in your area. It’s fast, free and you can get the answers you need.

Auto insurance coverages

Learning about specific coverages of a car insurance policy can be of help when determining appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. These are typical coverages found on the average car insurance policy.

Coverage for liability – Liability insurance provides protection from damages or injuries you inflict on other people or property that is your fault. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Another option is a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for things like funeral expenses, court costs and medical expenses. How much liability should you purchase? That is up to you, but consider buying as high a limit as you can afford.

Collision coverage – This coverage will pay to fix damage to your Expedition caused by collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision can pay for things like scraping a guard rail, hitting a mailbox and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP reimburse you for bills for things like X-ray expenses, funeral costs and chiropractic care. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Comprehensive coverage – Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like damage from flooding, a tree branch falling on your vehicle, a broken windshield and theft. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Keep this in mind

More affordable insurance can be sourced from both online companies and from local insurance agents, so get free insurance coverage quotes from both of them to have the best chance of lowering rates. A few companies may not have rate quotes online and most of the time these small, regional companies prefer to sell through independent insurance agencies.

As you quote insurance coverage, do not skimp on coverage in order to save money. In many instances, someone dropped full coverage and found out when filing a claim that the savings was not a smart move. The proper strategy is to buy a smart amount of coverage for the lowest cost, but don’t skip important coverages to save money.

Additional information can be read below:

• What are my Rights when Filing a Claim? (Insurance Information Insitute)
• How to Avoid Staged Accidents (State Farm)
• Side Impact Crash Tests (iihs.org)
• Information for Teen Drivers (Geico)
• Understanding Rental Car Insurance (Insurance Information Insitute)
• What if I Can’t Find Coverage? (Insurance Information Insitute)