If you drive a Ford Escape, car insurance is probably a significant part of your budget. SUVs generally cost more to insure than smaller vehicles and, as a result, Ford Escape owners may be paying an arm and a leg for insurance.
Wouldnít it be nice to reduce your Escapeís premium by 20 or 30 percent? You canóand itís easier than you think.
1. Shop Around, Find Low-Cost Coverage
Shopping for a new policy is the best way to save on car insurance. In fact, drivers who compare quotes and switch carriers with InsWeb.com save an average of $301* on a six month policy. If you donít compare quotes, youíll never know if youíre missing out on a more affordable policy.
2. Donít Overpay for Tickets or Accidents
Insurers donít look at violations and accidents in the same way. One company may charge you more for a single ticket or accident while another company may ignore a single infraction. If you have a blemish on your record, shopping around could land you significant savings.
3. Raise Your Deductible
The higher your deductible, the lower your premium. Raising your deductible from $250 to $1,000 could reduce your comprehensive and collision rate by up to 40 percent. **
4. Pay in a Lump Sum
Some insurers charge fees to pay premiums in monthly installments. They may seem small, but these fees can add up over the long runóeven a monthly fee of $5 can cost $60 over the course of a year.
5. Eliminate Unnecessary Coverage
Donít pay for coverage you donít need. For example, you may be a member of a car club that provides roadside assistance yet also pay for towing on your car insurance policy. Slash the excess coverage and lower your rate.
6. Low-Mileage Discount
Has your commute changed? Are you driving your Ford Escape less often? Many car insurance companies will offer discounts to drivers who keep their annual mileage low. Contact your insurer to see if you qualify.
7. Multi-Line Discounts
If you purchase both your car and home/renters insurance from a single insurer, you may be able to save up to 15 percent on both premiums.
8. Safe Vehicle Discount
Many insurers offer discounts for vehicles equipped with safety features, including air bags, security alarms, anti-lock brakes and more. Fortunately for you, the Ford Escape is one of the safest vehicles on the road. Get a safe vehicle discount and save big.
9. Good Student and Senior Discounts
Students currently enrolled in school may be eligible for a discount if they earn good grades. Similarly, insurers are also known to value the wisdom of an experienced driver, offering discounts to drivers over 50.
10. Good Driver Discount
Most companies offer discounts to drivers with clean driving records. If you havenít had any accidents or tickets in the last three to five years, youíre probably eligible.
To put these money-saving tips to good use and reduce your Ford Escapeís insurance premium today, use InsWeb.com to compare car insurance quotes for free.
*National average savings information based on InsWeb 6-month policyholder survey data from 4/27/05 to 7/4/05.
**Insurance Information Institute
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