Trying to find more competitive Ford Escape insurance in Memphis? Searching for the cheapest insurance for your Ford Escape in Tennessee could be a painful process, but you can follow a few tricks to make it easier. There is a right way and a wrong way to shop for car insurance so we're going to tell you the best way to price shop coverage for a new or used Ford and find the best price possible.

Insurance rates Ford Escape in MemphisRemarkably, a study showed that almost 70% of drivers in Tennessee kept their policy with the same company for four years or more, and about 40% of consumers have never compared car insurance rates at all. With the average car insurance premium being $1,847, American drivers could save an average of $859 each year by just comparing rate quotes, but they just don't understand how much they could save if they just switched companies.

It's important to do rate comparisons every six months because car insurance rates tend to go up over time. Just because you found the lowest premium rates on Ford Escape insurance in Memphis on your last policy you can probably find a lower rate today. There are a lot of ways to save on Escape insurance out there, but in this article, you're going to get a lot of great tips on how to put money back in your pocket.

Affordable companies for Ford Escape insurance in Tennessee

The companies shown below offer free quotes in Tennessee. If the list has multiple companies, we recommend you visit two to three different companies to find the lowest auto insurance rates.

Ford Escape Insurance Estimates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $222 $310 $322 $20 $96 $970 $81
Escape XLS 4WD $134 $240 $332 $20 $100 $826 $69
Escape XLT 2WD $154 $286 $298 $18 $88 $844 $70
Escape Limited 2WD $218 $356 $298 $18 $88 $978 $82
Escape XLT 4WD $202 $306 $332 $20 $100 $960 $80
Escape Limited 4WD $118 $232 $278 $16 $84 $728 $61
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Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Premium amounts do not factor in vehicle location which can revise rates greatly.

Physical damage deductibles

When comparing auto insurance rates, the most common question is how high should the physical damage coverage deductibles be. The figures shown below may help to conceptualize the difference in cost between low and high insurance deductibles. The first data set uses a $250 comprehensive and collision deductible and the second rate chart uses a $1,000 deductible.

Ford Escape insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $194 $310 $246 $14 $74 $863 $72
Escape XLS 4WD $194 $310 $246 $14 $74 $863 $72
Escape XLT 2WD $194 $310 $246 $14 $74 $863 $72
Escape Limited 2WD $224 $310 $246 $14 $74 $893 $74
Escape XLT 4WD $224 $310 $246 $14 $74 $893 $74
Escape Limited 4WD $224 $376 $246 $14 $74 $959 $80
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Ford Escape insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $120 $194 $246 $14 $74 $648 $54
Escape XLS 4WD $120 $194 $246 $14 $74 $648 $54
Escape XLT 2WD $120 $194 $246 $14 $74 $648 $54
Escape Limited 2WD $138 $194 $246 $14 $74 $666 $56
Escape XLT 4WD $138 $194 $246 $14 $74 $666 $56
Escape Limited 4WD $138 $236 $246 $14 $74 $708 $59
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Estimates do not factor in specific Memphis garaging location which can lower or raise rates considerably.

Based on this data, we can arrive at the conclusion that using a $250 deductible would cost the average driver about $18 more each month or $216 a year than opting for the higher $1,000 deductible. Because you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you have at least 42 months between claim filings, you would save money going with the higher deductible. The table below shows the way this determination is made.

Average monthly premium for $250 deductibles: $74
Average monthly premium for $1,000 deductibles (subtract): - $56
Monthly savings from raising deductible: $18
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $18
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 42 months

Careless driving habits raise auto insurance rates

The information below demonstrates how traffic citations and at-fault fender-benders can raise Ford Escape insurance costs for different age groups. The prices are based on a married male driver, full physical damage coverage, $500 deductibles, and no discounts are taken into consideration.

Get Cheaper Insurance with These Tips

Consumers need to have an understanding of some of the things that go into determining the level of your policy premiums. If you have a feel for what positively or negatively impacts your premiums, this allows you to make educated decisions that could result in lower premium levels.

The higher your credit history the lower your rates - Having a bad credit history is a big factor in determining premium rates. If your credit rating is low, you could save money insuring your Ford Escape by repairing your credit. Drivers with excellent credit tend to be more responsible than drivers who have lower ratings.

Be proud to be claim-free - Companies in Tennessee give most affordable rates to drivers who only file infrequent claims. If you file claims often, you can definitely plan on either a policy non-renewal or much higher rates. Insurance coverage is designed for the bigger claims that can't be paid out-of-pocket.

High comp and collision deductibles lower premiums - Physical damage deductibles are the amount of money the insured will be required to pay before a claim is paid by your company. Physical damage protection, also known as collision and other-than-collision, is used to repair damage to your car. Some examples of claims that would be covered could be collision with another vehicle, vandalism, or theft of your vehicle. The larger the amount you have to pay, the less your company will charge you for insurance.

Do you need those incidental coverages? - There are quite a few additional extra coverages that can waste your money if you aren't diligent. Things like rental car coverage, better glass coverage, and term life insurance may not be needed and are just wasting money. These may sound like a good investment when you first buy your policy, but if they're wasting money think about removing them and cutting costs.

Insurance rates for married couples - Your spouse helps lower the price when buying insurance. Marriage generally demonstrates drivers are less irresponsible and insurance companies like that drivers who are married file infrequent claims.

Reduce rates by driving vehicles with better crash test results - Safe vehicles can get you lower premiums. Vehicles built for safety reduce injuries and lower rates of occupant injuries translates into savings for insurance companies which can result in lower premiums. If your Ford scored better than an "acceptable" rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.

Men drivers tend to cost more - Statistics demonstrate that women are safer drivers than men. That doesn't necessarily mean that men are WORSE drivers than women. Females and males are in auto accidents at a similar rate, but the male of the species tend to have higher claims. They also get cited for more serious violations like DWI (DUI) or reckless driving. Young men ages 16 to 20 have the highest risk to insure and therefore pay the highest rates.

Insurance rates and your employer - Did you know your job can affect your rates? Jobs like fire fighters, police officers, and accountants tend to pay the highest rates because of intense work-related stress and lots of time spent away from family. On the flip side, professions such as professors, students and performers get better rates.

Claims statistics for a Ford Escape - Insurance companies include the past claim trends for vehicles in order to profitably underwrite each model. Models that historically have a trend towards higher claims will have higher premium rates.

The table below shows the insurance loss data for Ford Escape vehicles. For each policy coverage type, the claim amount for all vehicles, without regard to make or model, is represented as 100. Numbers shown that are under 100 suggest a positive loss record, while numbers shown that are more than 100 indicate a higher chance of having a claim or tendancy to have larger claims.

Ford Escape Insurance Claim Statistics

Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Ford Escape 4dr 2WD 80 91 83 94 94 92
Ford Escape 4dr 4WD 81 84 94 85 90 77
BETTER
AVERAGE
WORSE

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Insurance discounts are available to cut your rates

Insuring your vehicles can cost a lot, but you might be missing out on some discounts that can dramatically reduce your bill. Larger premium reductions will be automatically applied at quote time, but a few need to be asked for before you get the savings. If you're not getting every credit you qualify for, you are not getting the best rate possible.Cheaper insurance with discounts

Drivers should understand that some credits don't apply to your bottom line cost. Some only apply to the cost of specific coverages such as collision or personal injury protection. So even though they make it sound like having all the discounts means you get insurance for free, companies wouldn't make money that way.

Companies and a partial list of their discounts can be found below.

Before you buy a policy, ask all companies you are considering which discounts you may be entitled to. Some credits might not be offered on policies in Memphis. To choose providers who offer discounts in Tennessee, click here.

Neighborhood Memphis auto insurance agents

Certain consumers still prefer to talk to an insurance agent and that can be a smart move Professional insurance agents can help you choose the best coverages and will help you if you have claims. One of the best bonuses of getting free rate quotes online is the fact that you can find cheap auto insurance quotes and also buy local.

Find insurance agent in MemphisTo make it easy to find an agent, after completing this form (opens in new window), your coverage information is submitted to local insurance agents in Memphis who want to provide quotes to get your business. You won't need to contact any agents because prices are sent directly to your email. If you want to quote rates from a specific company, just find their quoting web page to submit a rate quote request.

Picking the best insurance company should depend on more than just a cheap price quote. Here are some questions to ask:

The following is a short list of car insurance companies in Memphis willing to provide price quote information for Ford Escape insurance in Memphis.

More Memphis agents

Well known brands might not be cheapest

Consumers in Tennessee can't escape the ads for the lowest price car insurance by companies like State Farm and Allstate. All the companies have a common claim that you can save if you just switch your coverage.

How does every car insurance company make the same claim? It's all in how they say it.

Companies look for specific characteristics for the type of driver they prefer to insure. An example of a driver they prefer may be over the age of 40, has had continuous coverage, and does not commute to work. Any driver that hits that "sweet spot" gets the lowest premium rates and will probably pay quite a bit less when switching companies.

Consumers who don't qualify for the ideal profile will probably have to pay higher premiums which translates to the customer buying from a different company. If you listen to the ad wording, they say "drivers that switch" not "all people who quote" save that much. That's the way companies can truthfully claim big savings. This illustrates why you need to do a quote comparison often. It is impossible to predict which insurance companies will provide you with the cheapest Ford Escape insurance in Memphis.

Insurance agents can help

Keep in mind that when it comes to choosing insurance from an agent or online, there isn't really a single plan that fits everyone. Everyone's situation is unique.Auto insurance savings

For instance, these questions may help you determine whether your personal situation could use an agent's help.

If you're not sure about those questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form. It's fast, doesn't cost anything and can help protect your family.

Find cheap rates by being thorough

People who switch companies do it for a number of reasons such as high rates after DUI convictions, an unsatisfactory settlement offer, delays in responding to claim requests or even poor customer service. No matter why you want to switch, finding a new insurance company is actually quite simple.

We just showed you many ways to get a better price on Ford Escape insurance in Memphis. The key concept to understand is the more rate comparisons you have, the better chance you'll have of finding affordable Ford Escape insurance quotes. You may even discover the most savings is with the smaller companies.

Affordable Ford Escape insurance in Memphis can be found on the web and from local agencies, and you need to comparison shop both to have the best rate selection. Some insurance companies don't offer online rate quotes and most of the time these small, regional companies only sell coverage through independent insurance agents.

Even more information is located at these sites: