How to Compare Plano Ford Flex Insurance

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Insurance rates Ford Flex in PlanoIf you want to save money, the best way to find more affordable Ford Flex insurance is to compare prices once a year from insurers who can sell car insurance in Plano.

  • First, learn about how car insurance works and the modifications you can make to keep rates down. Many things that drive up the price like getting speeding tickets and a not-so-good credit score can be controlled by making minor changes in your lifestyle.
  • Second, compare prices from direct, independent, and exclusive agents. Direct and exclusive agents can only give rate quotes from a single company like GEICO and State Farm, while independent agents can give you price quotes for a wide range of insurance providers.
  • Third, compare the price quotes to your existing coverage to see if switching to a new carrier will save money. If you find a lower rate and buy the policy, ensure coverage does not lapse between policies.
  • Fourth, give notification to your current company of your decision to cancel your current auto insurance policy and submit payment along with a signed and completed policy application to your new company or agent. Once the paperwork is finalized, place the new certificate verifying proof of insurance along with your vehicle registration.

The most important part of this process is to make sure you enter similar coverage information on each price quote and and to get price quotes from as many different insurance providers as possible. Doing this ensures a fair price comparison and the best price selection.

Amazingly, the vast majority of insurance customers have purchased from the same company for a minimum of four years, and virtually 40% of consumers have never compared insurance rates at all. Plano drivers can save hundreds of dollars each year just by shopping around, but they underestimate the rate savings if they just switched companies.

Choosing the best rates in Plano is not that difficult. Essentially every driver who shops around for car insurance will find a lower price. Nevertheless, Texas drivers do need to understand the way insurance companies determine what you pay and use it to your advantage.

Save money on Ford Flex insurance in Plano with these auto insurance discounts

Companies offering auto insurance don't necessarily list every discount very well, so the list below contains both the well known as well as the least known credits available to bring down your rates.

  • Smart Student Discounts - Excelling in school could provide a savings of up to 20% or more. The good student discount can last until age 25.
  • Data Collection Discounts - People who choose to allow their insurance company to spy on where and when they drive by installing a telematics device such as In-Drive from State Farm or Allstate's Drivewise system could see a rate decrease if they show good driving skills.
  • Senior Discount - Seniors may receive lower premium rates.
  • Early Renewal Discounts - Some insurance companies provide a discount for switching to them prior to your current Flex insurance policy expiring. It's a savings of about 10%.
  • Drivers Ed for Students - Have your child successfully take a driver's education course in school or through a local driver safety program.
  • More Vehicles More Savings - Insuring multiple vehicles on one policy can get a discount on all vehicles.
  • E-sign Discounts - Many larger companies may give you up to $50 for buying your policy digitally online.
  • Seat Belts Save more than Lives - Using a seat belt and requiring all passengers to buckle up can save up to 15% off the personal injury premium cost.
  • Passive Restraint Discount - Vehicles equipped with air bags could see savings as much as 30%.
  • Payment Discounts - By paying your policy upfront rather than spreading payments over time you could save 5% or more.

As a disclaimer on discounts, most of the big mark downs will not be given to your bottom line cost. Most cut the cost of specific coverages such as collision or personal injury protection. Just because you may think you can get free auto insurance, companies wouldn't make money that way.

The chart below shows the difference between Ford Flex annual premium costs with and without discounts applied to the policy rates. The premium estimates are based on a female driver, no driving violations, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, claim-free, marriage, safe-driver, and homeowner discounts applied.

A few of the larger companies and some of the discounts are outlined below.

  • GEICO has savings for anti-theft, emergency military deployment, air bags, multi-vehicle, seat belt use, multi-policy, and military active duty.
  • MetLife may include discounts for accident-free, multi-policy, good student, good driver, defensive driver, and claim-free.
  • Progressive offers premium reductions for homeowner, multi-vehicle, continuous coverage, online quote discount, and online signing.
  • Travelers has discounts for early quote, good student, hybrid/electric vehicle, student away at school, multi-car, and new car.
  • SAFECO may have discounts that include safe driver, anti-theft, multi-car, drive less, anti-lock brakes, homeowner, and teen safe driver.
  • AAA offers discounts for anti-theft, good driver, multi-car, pay-in-full, education and occupation, AAA membership discount, and good student.

If you want cheaper Plano auto insurance quotes, ask every prospective company the best way to save money. A few discounts may not apply to policyholders in your state.

When quoting insurance, remember that comparing more quotes will improve the odds of getting a lower rate.

The companies shown below have been selected to offer price comparisons in Plano, TX. To get the best auto insurance in Plano, TX, we suggest you compare several of them in order to get a fair rate comparison.

Ford Flex insurance rate analysis

The rate information displayed next highlights a range of rate quotes for Ford Flex models. Being more informed about how prices are established is important to be able to make decisions on which coverage to buy.

Ford Flex Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Flex SE 2WD $158 $260 $358 $22 $108 $906 $76
Flex SEL 2WD $158 $306 $358 $22 $108 $952 $79
Flex SEL AWD $176 $306 $358 $22 $108 $970 $81
Flex Limited 2WD $176 $306 $358 $22 $108 $970 $81
Flex Limited AWD $176 $306 $358 $22 $108 $970 $81
Get Your Own Custom Quote Go

Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Estimates do not factor in specific location which can revise prices substantially.

Choosing deductibles

When buying insurance, a common question is how high should the physical damage deductibles be. The tables below illustrate how much more you'll pay when you buy lower versus higher policy deductibles. The first data table uses a $100 comprehensive and collision deductible and the second set of prices uses a $1,000 deductible.

Ford Flex insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Flex SE 2WD $370 $592 $382 $22 $114 $1,505 $125
Flex SEL 2WD $370 $698 $382 $22 $114 $1,611 $134
Flex SEL AWD $412 $698 $382 $22 $114 $1,653 $138
Flex Limited 2WD $412 $698 $382 $22 $114 $1,653 $138
Flex Limited AWD $412 $698 $382 $22 $114 $1,653 $138
Get Your Own Custom Quote Go
Ford Flex insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Flex SE 2WD $206 $312 $382 $22 $114 $1,036 $86
Flex SEL 2WD $206 $368 $382 $22 $114 $1,092 $91
Flex SEL AWD $228 $368 $382 $22 $114 $1,114 $93
Flex Limited 2WD $228 $368 $382 $22 $114 $1,114 $93
Flex Limited AWD $228 $368 $382 $22 $114 $1,114 $93
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 homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Information does not factor in the specific area where the vehicle is garaged which can revise auto insurance rates considerably.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs roughly $44 more each month or $528 annually across all Ford Flex models than buying the higher $1,000 deductible. Because you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you usually have at a minimum 20 months between claim filings, you would probably be better off if you choose the higher deductible.

Calculate savings of higher deductibles

Average monthly premium for $100 deductibles: $135
Average monthly premium for $1,000 deductibles (subtract): - $91
Monthly savings from raising deductible: $44
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $44
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

An important thing to remember is that raising deductibles means you will have to pay more of your own money at claim time. You need to make sure you have some funds available in the event you have to pay the deductible.

The example below highlights how deductible selection and can change Ford Flex insurance rates for different age groups. The information is based on a married female driver, full coverage, and no discounts are taken into consideration.

What Determines Ford Flex Insurance Prices?

An important part of buying insurance is that you know the factors that aid in calculating your premiums. If you have some idea of what determines base rates, this empowers consumers to make smart changes that could result in better auto insurance rates. Many different elements are used in the calculation when pricing auto insurance. Some factors are common sense such as your driving record, although others are more obscure like where you live and annual miles driven.

The items below are a partial list of the pieces utilized by car insurance companies to help set your premiums.

Raise your comp and collision deductibles for better costs - Deductibles for physical damage define the amount you are required to pay if the claim is covered. Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Examples of covered claims would be a windshield broken by a bird, damage caused by hail, and damage from wind. The more money the insured has to pay upfront, the better rate you will receive.

Bundle and save - Most major auto insurance companies will award lower prices to policyholders who have multiple policies with them. It's known as a multi-policy discount. This can amount to anywhere from five to ten percent in most cases. Even though this discount sounds good, you still need to compare other Plano Flex insurance rates to confirm you are receiving the best rates possible.

What are good liability coverage limits? - Liability coverage will provide protection if a jury decides you are liable for personal injury or accident damage. Liability insurance provides you with a defense in court starting from day one. This coverage is very inexpensive compared to physical damage coverage, so do not skimp.

Rates may be higher where you live - Choosing to live in a rural area can save you money when buying auto insurance. Drivers in populated areas tend to have congested traffic and a longer drive to work. Fewer drivers and short commutes means fewer accidents in addition to lower liability claims.

Good drivers pay lower costs - A bad driving record can have a huge impact on auto insurance premiums. Attentive drivers have lower premiums than bad drivers. Having just one moving violation may increase your cost substantially. Drivers who have serious violations such as reckless driving or DUI may find that they have to to complete a SR-22 with their state's licensing department in order to prevent a license revocation.

The example below shows how traffic citations and at-fault accidents can impact Ford Flex auto insurance rates for different age groups of insureds. The information is based on a married female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied.

Lower performance equals lower insurance rates - The make and model of the car or truck you are trying to find cheaper insurance for makes a significant difference in how high your rates are. The lowest premiums are for small economy passenger cars, but the cost you end up paying is determined by many additional factors.

The following chart uses these variables: single female driver age 40, full coverage with $1000 deductibles, and no discounts or violations. It shows Ford Flex rates compared to other models that have different performance risks.

Are you male or female? - Over the last 30 years, statistics show females are less aggressive when driving. The data does not necessarily mean that females are better at driving than males. Males and females tend to get into at-fault accidents in similar percentages, but guys cause more damage. Men also statistically get ticketed for serious violations such as DWI and reckless driving.

The information below illustrates the comparison of Ford Flex yearly insurance costs for male and female drivers. The premiums are based on no claims or violations, comp and collision included, $250 deductibles, drivers are single, and no discounts are taken into consideration.

Loss statistics for a Ford Flex - Insurers analyze the history of losses to help determine the price you pay. Models that are shown to have a higher amount or frequency of claims will cost more for specific coverages.

The table below demonstrates the insurance loss data used by companies for Ford Flex vehicles. For each policy coverage, the claim amount for all vehicles averaged together is represented as 100. Values that are under 100 indicate a favorable loss history, while values over 100 point to more frequent losses or a tendency for losses to be larger than average.

Ford Flex Insurance Loss Statistics
Specific Ford Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Ford Flex 4dr 2WD 89 84 107 91 100 87
Ford Flex 4dr 4WD 105 84 119 77 79 75
BETTER
AVERAGE
WORSE

Statistics from IIHS.org for 2013-2015 Model Years

Special considerations

When buying coverage for your vehicles, there is no "perfect" insurance plan. Each situation is unique.

Here are some questions about coverages that can aid in determining whether or not you would benefit from an agent's advice.

  • Do I need special endorsements for business use of my vehicle?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Am I covered when pulling a rental trailer?
  • Does every company file a SR-22 automatically?
  • Am I covered when delivering products for my home-based business?
  • What is glass protection for?
  • How high should my uninsured/underinsured coverage be in Texas?
  • What is motorclub and do I need it?

If you can't answer these questions but you know they apply to you, you may need to chat with an insurance agent. If you don't have a local agent, simply complete this short form.

When should I have guidance from an insurance agent?

Some people still prefer to have an agent's advice and that is a personal choice. One of the great benefits of getting free rate quotes online is the fact that drivers can get lower prices but still work with a licensed agent.

Plano insurance agentsAfter completing this quick form, the quote information is instantly submitted to agents in your area that give free quotes for your insurance coverage. It's much easier because you don't need to visit any agencies because prices are sent directly to your email. You can find lower rates without the usual hassles of price shopping. In the event you want to compare prices for a specific company, you would need to search and find their rate quote page and fill out the quote form the provide.

Choosing a provider needs to be determined by more than just the bottom line cost. Any agent in Plano should be willing to answer these questions.

  • Where would glass claims be handled in Plano?
  • What insurance companies do they work with in Plano?
  • Do they see any coverage gaps in your plan?
  • Are there any discounts for paying up front?
  • Do they make recommendations based only on price?
  • Are you getting all the discounts the company offers?
  • Is the agency involved in supporting local community causes?
  • Do they prorate repair cost based on vehicle mileage?

When researching a local Plano insurance agency, there are two types of insurance agents and how they are slightly different. Plano agents are either exclusive agents or independent agents.

Exclusive Car Insurance Agents

Exclusive agencies normally can only provide a single company's rates like AAA, Allstate, and State Farm. Exclusive agencies are unable to compare other company's rates so you need to shop around if the rates are high. Exclusive agents receive extensive training on their company's products and that allows them to sell at a higher price point.

Below are exclusive insurance agents in Plano that are able to give price quotes.


5016 Tennyson Pkwy - Plano, TX 75024 - (972) 781-0808 - View Map


3020 Legacy Dr #190 - Plano, TX 75023 - (972) 208-3705 - View Map


7965 Custer Rd #122 - Plano, TX 75025 - (972) 517-9175 - View Map

More insurance agents

Independent Agents (or Brokers)

Agents that elect to be independent are not limited to a single company and that gives them the ability to insure with many different companies and find you the best rates. If they find a lower price, they can switch companies in-house without you having to go to a different agency.

If you need lower rates, we highly recommend that you get rate quotes from multiple independent agents so that you can do a thorough price comparison.

Below is a list of independent insurance agents in Plano that can give you comparison quotes.


5048 Tennyson Pkwy #250 - Plano, TX 75024 - (972) 801-9188 - View Map


2504 K Ave #400 - Plano, TX 75074 - (972) 423-4348 - View Map


542 Haggard St #502 - Plano, TX 75074 - (972) 335-4115 - View Map

More insurance agents

Car insurance is not optional but you don't have to overpay

Even though it can be expensive, paying for car insurance serves a purpose in several ways.

  • Most states have mandatory liability insurance requirements which means you are required to buy specific minimum amounts of liability insurance coverage in order to drive the car legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you have a lien on your Flex, more than likely the lender will require you to carry insurance to guarantee their interest in the vehicle. If you default on your policy, the bank or lender will purchase a policy for your Ford for a lot more money and require you to fork over a much higher amount than you were paying before.
  • Insurance protects your Ford Flex and your assets. It will also reimburse you for hospital and medical expenses for yourself as well as anyone injured by you. One policy coverage, liability insurance, also covers legal expenses if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.

The benefits of having car insurance are definitely more than the cost, specifically if you ever have a liability claim. According to a 2015 survey, the average American driver overpays more than $750 every year so you should quote your policy with other companies at least once a year to ensure rates are inline.

Auto insurance company ratings

Ending up with the highest-rated car insurance provider is difficult considering how many choices you have in Texas. The company ratings displayed below can help you pick which auto insurers you want to consider purchasing a policy from.

Top 10 Plano Car Insurance Companies by A.M. Best Rank

  1. Travelers - A++
  2. USAA - A++
  3. GEICO - A++
  4. State Farm - A++
  5. Titan Insurance - A+
  6. Esurance - A+
  7. Progressive - A+
  8. The Hartford - A+
  9. Allstate - A+
  10. Nationwide - A+

Top 10 Plano Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

Keep this in mind when shopping around

Low-cost Ford Flex insurance in Plano can be purchased online and with local Plano insurance agents, so get free Plano auto insurance quotes from both of them to have the best selection. Some insurance providers may not offer rates over the internet and many times these regional insurance providers work with local independent agents.

As you shop your coverage around, you should never skimp on coverage in order to save money. In too many instances, drivers have reduced collision coverage to discover at claim time that it was a big mistake. Your goal is to find the BEST coverage at the best possible price, but don't skip important coverages to save money.

We just showed you many tips how you can get a better price on Ford Flex insurance in Plano. The most important thing to understand is the more times you quote, the more likely it is that you will get a better rate. You may even find the lowest priced insurance comes from the least-expected company.

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