1993 Ford Probe Insurance Rates

Did a good deal turn out to be an overpriced insurance policy? Don’t feel bad because there are a lot of people just like you who feel imprisoned by their insurance policy. Big-name insurance companies like State Farm and Geico increase brand awareness with advertising and it is challenging if not impossible to see past the corporate glitz and do the work needed to find the best deal.

Insurance policy discounts

Insuring your fleet can be pricey, but you might already qualify for some discounts to help offset the cost. Most are applied at the time of purchase, but a few must be manually applied before they will apply.

• Telematics Discount – Drivers who agree to allow driving data collection to monitor where and when they drive by using a telematics device in their vehicle such as Drivewise from Allstate or Snapshot from Progressive could see a rate decrease if they show good driving skills.
• Club Memberships – Joining qualifying employment or professional organizations is a simple method to lower premiums when getting a auto insurance quote.
• Discounts for New Vehicles – Buying a new car instead of a used car can cost up to 25% less because newer models have to meet stringent safety requirements.
• Driver Education Discount – It’s a good idea to have your young drivers enroll in driver’s education as it will make them better drivers and lower rates.
• Low Miles Discount – Driving less may allow you to get discounted prices on garaged vehicles.
• Federal Government Employee – Active or retired federal employment can earn a discount up to 10% on Probe insurance with select insurance companies.
• Early Renewal Discounts – A few larger companies give discounts for switching companies before your current coverage expires. It’s a savings of about 10%.
• Discount for Life Insurance – Some insurance companies give better rates if you take out a life insurance policy as well.
• Military Rewards – Being deployed in the military could trigger a small discount.

Discounts lower rates, but most credits do not apply to the entire policy premium. A few only apply to specific coverage prices like liability and collision coverage. Just because it seems like you can get free auto insurance, you’re out of luck.

A list of companies and the discounts they provide are:

• Progressive policyholders can earn discounts including online quote discount, online signing, multi-policy, homeowner, and good student.
• Farmers Insurance has discounts for multi-car, mature driver, youthful driver, bundle discounts, good student, and alternative fuel.
• Farm Bureau may have discounts that include 55 and retired, renewal discount, multi-policy, safe driver, and good student.
• State Farm may offer discounts for good student, anti-theft, multiple autos, driver’s education, and passive restraint.
• Geico discounts include defensive driver, emergency military deployment, air bags, anti-lock brakes, federal employee, good student, and multi-policy.
• SAFECO may include discounts for bundle discounts, anti-theft, accident prevention training, homeowner, and teen safety rewards.
• Liberty Mutual offers discounts including preferred payment discount, new graduate, good student, multi-policy, safety features, and exclusive group savings.

When quoting, ask each company or agent which discounts can lower your rates. All car insurance discounts may not apply to policies in your state.

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Low cost auto insurance prices

Getting a cheap price on 1993 Ford Probe insurance is a fairly straight forward process. You just need to spend a few minutes on the computer to get quotes to find out which insurance company has the cheapest auto insurance quotes. It’s really simple and can be done in a couple of different ways.

• The fastest way to get quotes for comparison is a comparison rater form like this one (opens in new window). This method eliminates the need for a different quote for every company. Just one form will get you rate comparisons from multiple companies.
• A more time consuming way to analyze rates is to manually visit the website for every company you want to comare and repeat the quote process again and again. For example, let’s say you want rates from Auto-Owners, Progressive and American Family. You would be required to navigate to each company’s site and repeatedly enter your information, which can get old fast.

  For a list of companies in your area, click here.

Which method you use is up to you, but ensure you’re using exactly the same coverage limits and deductibles for each comparison quote. If you use different coverage information you will not be able to determine which rate is truly the best.

Insurance costs are influenced by these factors

A large part of saving on car insurance is knowing a few of the rating criteria that help calculate your premiums. When consumers understand what positively or negatively impacts your premiums, this enables informed choices that can help you get lower car insurance prices.

The itemized list below are some of the most common factors used by your company to calculate prices.

• Single drivers take more risk – Being married may save some money compared to being single. Having a spouse is viewed as being more stable financially it has been statistically shown that married couples file fewer claims.
• High credit saves on car insurance – An insured’s credit history is a large factor in determining your rates. If your credit history leaves room for improvement, you may save money insuring your 1993 Ford Probe by improving your credit score. Insureds with high credit ratings tend to be more responsible and file fewer claims than those with worse credit.
• Save money by eliminating extra coverages – Insurance policies have a lot of extra bells and whistles that can waste your money but may not be useful. Coverages like coverage for rental cars, accident forgiveness, and Farm Bureau memberships are some examples. They may sound like good ideas when talking to your agent, but if they’re wasting money consider taking them off your policy.
• What are your coverage deductibles? – The deductibles define how much you are willing to pay if the claim is covered. Physical damage insurance, also called ‘full coverage’, covers damage that occurs to your car. Examples of covered claims would be colliding with a stationary object, damage from fire, and damage from wind. The more damage repair cost you are required to pay out-of-pocket, the lower your rates will be on Probe insurance.
• Decrease premiums by maintaining coverage – Having a gap between insurance policy dates is a fast way to increase your rates. Not only will you pay more, failure to provide proof of insurance can result in a revoked license or a big fine. You will then be forced to prove you have insurance by filing a SR-22 with your state motor vehicle department.
• Bundle policies with the same company – The majority of insurers allow a discount to customers that buy multiple policies. It’s known as a multi-policy discount. Even with this discount, you may still want to comparison shop to help ensure you have the lowest rates. You may still find lower rates by buying car insurance from a different company.

How do I know if I need professional advice?

When it comes to choosing proper insurance coverage for your vehicles, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s so this has to be addressed. These are some specific questions may help you determine if your situation may require specific advice.

• Why am I required to get a high-risk car insurance policy?
• Will filing a claim cost me more?
• Do I have coverage when using my vehicle for my home business?
• If my 1993 Ford Probe is totaled, can I afford another vehicle?
• Am I covered when driving a rental car?
• Can my teen driver be rated on a liability-only vehicle?

If you don’t know the answers to these questions, you might consider talking to an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies. It is quick, free and can help protect your family.

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Don’t listen to company ads

Consumers can’t get away from all the ads that claim the cheapest prices by companies like State Farm and Allstate. They all seem to seem to make the promise that drivers will save a bundle if you just switch to their company.

How do they all charge you a lower premium? Just pay attention to how they say it.

All companies have a certain “appetite” for the type of insured that is profitable for them. For instance, this type of insured could be over age 30, has no claims, and the vehicle is rated for pleasure use. Any driver who matches those parameters will get low rates and most likely will pay quite a bit less when switching companies.

Consumers who are not a match for the “perfect” profile will get more expensive rates and business going elsewhere. If you listen closely, the ads state “drivers who switch” but not “all drivers who get quotes” can save as much as they claim. This is how insurance companies can confidently make those statements. This emphasizes why you need to get auto insurance quotes from several different companies. It is impossible to guess which company will be your best fit.

Car insurance coverage information

Understanding the coverages of a car insurance policy aids in choosing the right coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. These are the normal coverages found on most car insurance policies.

Collision coverages – Collision insurance will pay to fix damage to your Probe caused by collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims like sustaining damage from a pot hole, crashing into a building and colliding with a tree. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.

Comprehensive coverage – This coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like hail damage, damage from getting keyed, hitting a bird, rock chips in glass and hitting a deer. The maximum amount your car insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Uninsured/Underinsured Motorist coverage – This coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as damage to your Ford Probe.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for dental work, nursing services, ambulance fees and prosthetic devices. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability car insurance – This coverage will cover damage that occurs to a person or their property that is your fault. It protects YOU against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 50/100/50 that means you have a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability can pay for things like medical services, legal defense fees and funeral expenses. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as high a limit as you can afford.

Quote more, save more

When you buy auto insurance online, never buy lower coverage limits just to save a few bucks. Too many times, an accident victim reduced full coverage and discovered at claim time they didn’t have enough coverage. Your strategy should be to purchase a proper amount of coverage for the lowest cost, but do not skimp to save money.

Budget-friendly car insurance can be purchased online as well as from independent agents, so you should be comparing quotes from both in order to have the best price selection to choose from. There are still a few companies who do not offer rate quotes online and these smaller providers only sell coverage through independent agents.

Other resources

• Neck Injury FAQ (iihs.org)
• Credit and Insurance Scores (Insurance Information Insitute)
• Distracted Driving Statistics (Insurance Information Insitute)
• What if I Can’t Find Coverage? (Insurance Information Insitute)
• What does Personal Injury Protection (PIP) Cover? (Allstate)

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