How Much Does 2008 Ford Taurus Car Insurance Cost?

Are you kicking yourself for buying high-priced auto insurance? You’re preaching to the choir because you’re not the only one.

Many insurance companies vie for your business, and it can be difficult to compare rates to discover the definitive lowest cost out there.

It’s a great practice to get comparison quotes yearly since insurance prices tend to go up over time. Even if you think you had the lowest rate on Taurus coverage a few years ago you will most likely find a better premium rate today. Forget all the misinformation about auto insurance because I’m going to teach you the right way to lower your annual insurance bill.

Auto insurance policy discounts

Auto insurance companies do not list every possible discount in a way that’s easy to find, so the below list has both well-publicized and the harder-to-find credits that you can use to lower your rates. If you don’t get every credit possible, you could be getting lower rates.

• Paperwork-free – Some of the larger companies will give you a small discount for completing your application on their website.
• Theft Deterent – Cars and trucks equipped with anti-theft or alarm systems prevent vehicle theft and will qualify for a discount on a car insurance quote.
• Own a Home and Save – Being a homeowner can save a few bucks because of the fact that having a home demonstrates responsibility.
• Discounts for Multiple Vehicles – Buying coverage for primary and secondary vehicles with one company can get a discount for every vehicle.
• Good Student Discount – Being a good student can be rewarded with saving of up to 25%. This discount can apply well after school through age 25.
• Claim-Free Discount – Insureds who avoid accidents and claims have much lower rates as compared to frequent claim filers.
• Seat Belts Save – Using a seat belt and requiring all passengers to buckle up can save up to 10 percent (depending on the company) off the PIP or medical payment premium.

Discounts save money, but please remember that some of the credits will not apply the the whole policy. Most only reduce the price of certain insurance coverages like comprehensive or collision. So despite the fact that it appears having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy.

A list of auto insurance companies and some of their more popular discounts are shown below.

• State Farm may offer discounts for Steer Clear safe driver discount, driver’s education, passive restraint, good driver, multiple autos, accident-free, and student away at school.
• Liberty Mutual offers discounts for new move discount, new graduate, newly married, safety features, multi-car, teen driver discount, and new vehicle discount.
• American Family policyholders can earn discounts including good driver, defensive driver, good student, mySafetyValet, TimeAway discount, and bundled insurance.
• Progressive discounts include multi-vehicle, continuous coverage, multi-policy, good student, online quote discount, homeowner, and online signing.
• Farmers Insurance may have discounts that include business and professional, alternative fuel, teen driver, multi-car, electronic funds transfer, switch companies, and early shopping.
• Auto-Owners Insurance may include discounts for teen driver, safe vehicle, student away at school, multiple vehicles, air bags, and paperless.
• SAFECO offers premium reductions for teen safe driver, anti-lock brakes, safe driver, anti-theft, multi-car, and teen safety rewards.

If you need lower rates, check with every insurance company which discounts they offer. Depending on the company, some discounts might not be offered in your area. For a list of insurance companies who offer auto insurance discounts, click this link.

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Get lower-cost insurance costs by understanding these factors

Lots of factors are considered when premium rates are determined. Some of the criteria are obvious such as your driving history, although others are more obscure like your continuous coverage or how safe your car is.A large part of saving on insurance is knowing the factors that are used to determine the level of your policy premiums. If you have a feel for what impacts premium levels, this allows you to make educated decisions that could help you find much lower annual insurance costs.

Shown below are a few of the “ingredients” used by insurance companies to determine your rates.

• Premiums increase with driving tickets – Having just one speeding ticket may increase your cost forty percent or more. Drivers with clean records get better prices than their less careful counterparts. Drivers with careless violations like DUI or reckless driving may need to complete a SR-22 with the DMV in their state in order to prevent a license revocation.
• Premiums are affected by your credit score – Having a bad credit history factor in determining what you pay. People that have high credit ratings tend to be better drivers and file fewer claims than drivers who have lower credit ratings. If your credit history can use some improvement, you could pay less to insure your 2008 Ford Taurus by improving your rating.
• Only buy coverage you need – There are a ton of extra add-on coverages that you can buy on your insurance policy. Insurance for things like vanishing deductibles, better glass coverage, and extra life insurance coverage are some examples. These coverages may sound good when discussing your needs, but if they’re wasting money get rid of them and save.
• Females tend to cost less – Over the last 50 years, statistics have shown women are more cautious behind the wheel. However, this does not mean females are better at driving than males. Men and women have at-fault accidents at about the same rate, but guys cause more damage and cost insurance companies more money. Men also statistically receive more major tickets like reckless driving and DUI.
• Always keep your insurance in force – Having an insurance coverage lapse can be a fast way to increase your renewal premiums. In addition to paying higher rates, not being able to provide proof of insurance may result in a hefty fine and possibly a revoked license. You may have to prove you have insurance by filing a SR-22 with your state department of motor vehicles.
• Teenagers are high risk – Youthful drivers are known to be careless and easily distracted when behind the wheel and because of this, their insurance rates are much higher. Parents adding a young driver onto your insurance can increase premiums substantially. Older, more experienced drivers are shown to be more cautious, are lower risk to insure , and are generally more financially stable.
• Stay claim-free and save – Insurance companies give the best rates to insureds who file claims infrequently. If you tend to file frequent claims, you can look forward to much higher rates or policy non-renewal. Your insurance policy is intended for claims that you cannot pay yourself.

How do I know if I need professional advice?

When choosing the right insurance coverage, there is no perfect coverage plan. Coverage needs to be tailored to your specific needs so this has to be addressed. Here are some questions about coverages that can aid in determining whether your personal situation might need professional guidance.

• How high should my medical payments coverage be?
• Does my 2008 Ford Taurus qualify for pleasure use?
• What if I don’t agree with a claim settlement offer?
• Am I covered if I drive in a foreign country?
• Can I pay claims out-of-pocket if I buy high deductibles?
• Who is covered when they drive my 2008 Ford Taurus?
• Do I have coverage for damage caused while driving under the influence?
• Should I carry comprehensive and collision coverage?
• How high should deductibles be on a 2008 Ford Taurus?
• Why am I required to buy high-risk coverage?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with an agent. To find lower rates from a local agent, complete this form or click here for a list of insurance companies in your area.

Do insurance coverage companies bend the truth?

Insurance coverage providers like State Farm and Allstate continually stream ads in print and on television. All the ads make an identical promise about saving some big amount if you get a free car insurance quote and switch your insurance coverage coverage to their company. How is it possible that every company can make the same claim? This is how they do it.

Different companies quote their best rates for a prospective insured that earns them the highest profit. For instance, a driver they prefer may be a female over age 40, carries full coverage, and drives less than 10,000 miles a year. A customer that hits that “sweet spot” will get the preferred premium rates and will also pay quite a bit less when switching companies.

People who are not a match for the requirements will be charged higher prices and ends up with business not being written. The ads say “customers that switch” but not “all drivers who get quotes” can save as much as they claim. That’s why companies can make the claims of big savings. This illustrates why you really need to do a price quote comparison at every renewal. Because without a comparison, you cannot know with any certainty which company will give you the biggest savings.

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Specifics of your insurance policy

Knowing the specifics of your insurance policy helps when choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy. These are typical coverages found on the average insurance policy.

Comprehensive insurance

This pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims like rock chips in glass, fire damage, theft and falling objects. The highest amount your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability

Liability coverage protects you from damage or injury you incur to other people or property by causing an accident. This coverage protects you against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability can pay for claims like loss of income, medical expenses, medical services and legal defense fees. How much liability coverage do you need? That is your choice, but consider buying as much as you can afford.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills like nursing services, doctor visits, rehabilitation expenses and chiropractic care. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants as well as any family member struck as a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Coverage for collisions

Collision coverage will pay to fix damage to your Taurus resulting from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things such as colliding with another moving vehicle, backing into a parked car, hitting a parking meter, sustaining damage from a pot hole and crashing into a building. This coverage can be expensive, so consider dropping it from lower value vehicles. You can also raise the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries and damage to your Ford Taurus.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Compare but don’t skimp

We just covered some good ideas how you can reduce 2008 Ford Taurus insurance prices online. The key concept to understand is the more rate quotes you have, the better chance you’ll have of finding cheaper car insurance. You may be surprised to find that the lowest priced insurance comes from the least-expected company. Some small companies may have significantly lower rates on certain market segments as compared to the big name companies such as State Farm or Progressive.

As you shop your coverage around, make sure you don’t skimp on coverage in order to save money. There have been many cases where someone dropped collision coverage and found out when filing a claim that the few dollars in savings costed them thousands. Your strategy should be to buy the best coverage you can find at the best price but still have enough coverage for asset protection.

Additional insurance information is located at these links:

• Vehicle Insurance in the U.S. (Wikipedia)
• Event Data Recorders FAQ (iihs.org)
• Liability Insurance Coverage (Nationwide)
• Teen Driving Statistics (iihs.org)
• What is a Telematics Device? (Allstate)
• Auto Crash Statistics (Insurance Information Insitute)

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