Cheapest Rates for Ford Taurus Insurance in Plano

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Ford Taurus insurance rates
Ford Taurus insurance rates image courtesy of QuoteInspector.com

Insurance for Ford TaurusDid you fall for a flashy sales pitch and buy an overpriced car insurance policy? Don't feel bad because there are lots of Plano residents who feel the same.

It's safe to conclude that auto insurance companies don't want their policyholders to compare prices. Consumers who shop around annually will presumably switch to a new company because there is a good chance of finding a lower rate. A recent survey revealed that people who faithfully checked for cheaper rates saved approximately $70 a month as compared to drivers who don't make a habit of comparing rates.

If finding discount rates on auto insurance is your objective, learning the best way to quote and compare insurance rates can help you succeed in finding affordable rates.

Steps to buying cheaper Ford Taurus insurance in Plano

If you want to find the absolute lowest rates, then the best way to find lower priced car insurance rates in Plano is to regularly compare quotes from providers who can sell car insurance in Texas.

  • Step 1: Spend some time learning about car insurance and the measures you can take to prevent rate increases. Many risk factors that cause rate increases like at-fault accidents and a poor credit score can be improved by making minor changes to your lifestyle. Continue reading for additional ideas to find cheap rates and find missing discounts.
  • Step 2: Compare rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like Progressive or State Farm, while independent agencies can provide prices from multiple companies.
  • Step 3: Compare the quotes to your existing policy to see if you can save by switching companies. If you find a lower rate, make sure there is no lapse between the expiration of your current policy and the new one.
  • Step 4: Provide written notification to your current company of your intent to cancel the current policy. Submit the application along with any required down payment for the new coverage. Once the paperwork is finalized, safely store the proof of insurance paperwork in an easily accessible location in your vehicle.

A good piece of advice is that you'll want to compare the same physical damage deductibles and liability limits on every quote request and and to get rates from as many different companies as possible. This enables an accurate price comparison and the best rate selection.

Drivers have multiple car insurance companies to buy insurance from, and although it's a good thing to have a selection, more options can take longer to compare rates for Ford Taurus insurance in Plano.

Buying the cheapest auto insurance in Plano can really be easy if you know what you're doing. If you have a policy now or are just looking to switch companies, you can use these techniques to reduce premiums while maximizing coverage. Smart buyers only have to learn the proper way to get comparison rates from multiple carriers.

The fastest way that we advise to compare insurance rates from multiple companies is to understand most insurance companies pay for the opportunity to give you rate quotes. To start a quote, the only thing you need to do is provide details including what you do for a living, how you use your vehicles, level of coverage desired, and your credit rating estimate. The rating information is sent automatically to multiple different insurance companies and they return cost estimate very quickly.

To compare multiple company cheaper Ford Taurus insurance rates now, click here and see if a lower rate is available in Plano.

The auto insurance companies shown below are ready to provide comparison quotes in Texas. To buy the best cheap car insurance in TX, we suggest you click on several of them in order to get a fair rate comparison.

Car insurance discounts help lower rates for Ford Taurus insurance in Plano

Properly insuring your vehicles can get expensive, but there could be available discounts that could drop your premiums quite a bit. A few discounts will be applied at the time of quoting, but a few need to be manually applied before they will apply. If you're not getting every credit you qualify for, you are paying more than you should be.Save money with discounts

  • Onboard Data Collection - Insureds that choose to allow driving data collection to look at driving manner by using a telematics device in their vehicle such as Progressive's Snapshot and State Farm's In-Drive could possibly reduce rates as long as the data is positive.
  • Federal Government Employee - Active or former government employment can earn a discount up to 10% depending on your company.
  • Life Insurance - Select car insurance companies reward you with a discount if you purchase a life policy as well.
  • Early Signing - Some car insurance companies give discounts for switching policies before your current coverage expires. You may see this discount when you get Plano auto insurance quotes online.
  • Good Grades Discount - This discount may save you up to 25%. You can use this discount normally up to age 25.
  • Discounts for Responsible Drivers - Drivers who avoid accidents can save as much as half off their rates than drivers with accident claims.
  • Safety Restraint Discount - Requiring all passengers to buckle up may be able to save a few bucks off the personal injury premium cost.
  • Homeowners Savings - Just owning your own home can save a few bucks because it demonstrates responsibility.
  • Passive Restraint Discount - Vehicles with factory air bags and/or automatic seat belt systems may earn rate discounts of up to 25% or more.

We need to note that most credits do not apply to the whole policy. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. If you do the math and it seems like you can get free auto insurance, nobody gets a free ride.

The diagram below shows the difference between Ford Taurus annual premium costs with and without discounts applied. Data assumes a female driver, no violations or claims, Texas state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, marriage, claim-free, multi-policy, and multi-car discounts applied.

To see car insurance companies that have a full spectrum of discounts in Texas, click here.

Insurance data for a Ford Taurus

The coverage information below outlines different rate quotes for Ford Taurus models. Learning a little about how insurance premiums are calculated is important for you to make informed decisions when shopping around for a new policy.

Ford Taurus Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Taurus SE $260 $422 $366 $22 $110 $1,180 $98
Taurus SEL $288 $496 $366 $22 $110 $1,282 $107
Taurus SEL AWD $288 $496 $366 $22 $110 $1,282 $107
Taurus Limited $288 $496 $366 $22 $110 $1,282 $107
Taurus Limited AWD $288 $572 $366 $22 $110 $1,358 $113
Taurus SHO AWD $318 $572 $366 $22 $110 $1,388 $116
Get Your Own Custom Quote Go

Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Price estimates do not factor in vehicle location which can lower or raise premiums noticeably.

Higher deductibles lower rates

One of the more difficult decisions when buying insurance is how low should you set your deductibles. The following insurance rates may help you to understand the cost difference when you choose different coverage deductibles. The first set of rates uses a $100 deductible for physical damage and the second price grid uses a $1,000 deductible.

Ford Taurus insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Taurus SE $370 $592 $382 $22 $114 $1,505 $125
Taurus SEL $412 $698 $382 $22 $114 $1,653 $138
Taurus SEL AWD $412 $698 $382 $22 $114 $1,653 $138
Taurus Limited $412 $698 $382 $22 $114 $1,653 $138
Taurus Limited AWD $412 $804 $382 $22 $114 $1,759 $147
Taurus SHO AWD $454 $804 $382 $22 $114 $1,801 $150
Get Your Own Custom Quote Go
Ford Taurus insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Taurus SE $206 $312 $382 $22 $114 $1,036 $86
Taurus SEL $228 $368 $382 $22 $114 $1,114 $93
Taurus SEL AWD $228 $368 $382 $22 $114 $1,114 $93
Taurus Limited $228 $368 $382 $22 $114 $1,114 $93
Taurus Limited AWD $228 $424 $382 $22 $114 $1,170 $98
Taurus SHO AWD $252 $424 $382 $22 $114 $1,194 $100
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Prices do not factor in vehicle garaging location which can impact prices significantly.

We can derive from the above data that using a $100 deductible will cost in the ballpark of $45 more each month or $540 every year than requesting the higher $1,000 deductible. Since you would have to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you go more than 20 months between claim filings, you would save more money going with the higher deductible. The illustration below shows an example of how this calculation is made.

Average monthly premium for $100 deductibles: $139
Average monthly premium for $1,000 deductibles (subtract): - $94
Monthly savings from raising deductible: $45
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $45
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

An important sidenote is that increasing deductibles to lower your rates means you will have to pay more of your own money when you file a claim. That will necessitate access to more funds in order to pay more to get your vehicle repaired.

Impact of age and gender on insurance rates

The information below compares Ford Taurus annual premium costs for male and female drivers. The rate quotes are based on no driving violations, no at-fault accidents, comp and collision included, $1,000 deductibles, drivers are single, and no policy discounts are applied.

Full coverage versus liability-only

The diagram below shows the comparison of Ford Taurus insurance costs with and without full coverage. The rate quotes are based on no violations or accidents, $100 deductibles, drivers are not married, and no discounts are applied to the premium.

When to drop full coverage

There is no exact rule for dropping full coverage on your policy, but there is a guideline you can use. If the yearly cost of full coverage is more than 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.

For example, let's assume your Ford Taurus settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $6,000 after paying the physical damage deductible. If it's costing in excess of $600 annually for your policy with full coverage, then it could be time to drop full coverage.

There are some conditions where dropping full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.

Ford Taurus Insurance Premiums Can Be Reduced

Many factors are part of the calculation when you get a price on insurance. A few of the factors are predictable like a motor vehicle report, but some are less apparent such as your credit history or how financially stable you are.

Pay lower costs after the wedding - Having a significant other actually saves money on your policy. It means you're more mature and responsible and statistics prove married drivers tend to file fewer claims.

Insurance companies don't like frequent policy claims - If you're an insured who likes to file claims don't be surprised to see much higher rates or policy non-renewal. Auto insurance companies in Texas provide the best rates to policyholders who do not file claims often. Your insurance policy is intended to be relied upon for claims that pose a financial burden.

Drivers with good credit save on insurance - Having a bad credit rating is likely to be a major factor in determining premium rates. So if your credit rating is lower than you'd like, you may save money insuring your Ford Taurus by improving your credit score. Insureds that have high credit scores tend to file fewer claims and have better driving records than drivers with lower credit ratings.

Pay more out-of-pocket - Deductibles for physical damage tell how much you are willing to pay out-of-pocket if a covered claim is submitted. Physical damage coverage, termed comprehensive and collision coverage on your policy, protects your car from damage. Some coverage claims are a windshield broken by a bird, damage caused by hail, and damage caused by road hazards. The larger the amount the insured has to pay upfront, the lower your rates will be.

Prices and your address - Being located in a rural area is a good thing when insuring your vehicles. People who live in big cities tend to have congested traffic and more time behind the wheel. Fewer people translates into fewer accident claims.

Responsible drivers pay the best premiums - Getting just one ticket can increase the cost of insurance by as much as twenty percent. Attentive drivers tend to pay less for car insurance compared to drivers with tickets. Drivers who have received flagrant citations such as reckless driving or DUI may find that they have to to complete a SR-22 with their state's department of motor vehicles in order to continue driving.

The illustration below highlights how traffic violations and accidents can impact Ford Taurus annual premium costs for different categories of driver ages. The prices are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.

Vehicles with better crash test results cost less to insure - Vehicles that have high safety ratings cost less to insure. These vehicles result in less severe injuries and lower injury rates translates into savings for insurance companies and more competitive rates for policyholders.

Insurance loss data for a Ford Taurus - Insurance companies use statistical claims data to calculate a price that will offset losses. Models that tend to have a higher amount or frequency of claims will have higher rates.

The data below shows the collected loss data for Ford Taurus vehicles. For each insurance policy coverage type, the statistical loss for all vehicles, regardless of manufacturer or model, is considered to be 100. Numbers that are below 100 are indicative of better than average losses, while values over 100 point to more losses or tendency to have larger claims.

Ford Taurus Insurance Loss Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Ford Taurus 2WD 109 88 134 115 115 101
Ford Taurus 4WD 120 78 141 124
Ford Taurus SHO 4WD 143 96 185 84 103
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years