Cheapest Quotes for Ford Escape Insurance in New Orleans

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Discount Ford Escape insuranceIt's amazing but nearly 70% of consumers have bought auto insurance from the same company for well over three years, and nearly 40% of drivers have never compared rate quotes at all. New Orleans drivers can save roughly 35% each year just by shopping around, but they just don't understand how much money they would save if they switched to a more affordable policy.

The preferred way to find cheaper quotes for Ford Escape insurance in New Orleans is to make a habit of comparing prices annually from providers who sell insurance in Louisiana.

  1. It will benefit you to learn about the different coverages in a policy and the things you can change to drop your rates. Many risk factors that result in higher prices such as tickets, at-fault accidents, and a bad credit rating can be controlled by paying attention to minor details. Continue reading for tips to lower rates and get discounts that may be overlooked.
  2. Compare rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only quote rates from a single company like Progressive or State Farm, while independent agents can provide prices for a wide range of insurance providers.
  3. Compare the new quotes to the price on your current policy to determine if you can save on Escape insurance in New Orleans. If you find a better price, verify that coverage does not lapse between policies.
  4. Notify your company or agent of your decision to cancel your current policy and submit a down payment and signed policy application to the new company. Once the paperwork is finalized, safely store the certificate verifying coverage with the vehicle registration.

An important bit of advice to remember is to try to compare similar deductibles and liability limits on each quote request and and to get rates from as many different companies as possible. This guarantees an accurate price comparison and a complete price analysis.

The best way we recommend to compare insurance rates from multiple companies takes advantage of the fact car insurance companies participate in a system to compare rate quotes. To start a quote, the only thing you need to do is spend a couple of minutes providing details such as how many miles driven, the make and model of your vehicles, what you do for a living, and whether your vehicle is owned or leased. Your details is instantly sent to all major companies and they return rate quotes very quickly.

If you would like to compare rates now, click here and find out if lower rates are available in New Orleans.

The auto insurance companies shown below provide quotes in Louisiana. To locate the best car insurance in New Orleans, we recommend you visit as many as you can to get the cheapest price.

Get cheaper Ford Escape insurance rates in New Orleans

Properly insuring your vehicles can get expensive, but you may qualify for discounts to cut the cost considerably. A few discounts will automatically apply at the time of purchase, but lesser-known reductions have to be requested specifically in order for you to get them.Discount auto insurance

  • Online Discount - Certain auto insurance companies may give you up to $50 for buying your policy over the internet.
  • Save with More Vehicles Insured - Buying insurance for primary and secondary vehicles on a single policy can get a discount on all vehicles.
  • Save with a New Car - Buying a new car instead of a used Escape can get you a discount because newer vehicles keep occupants safer.
  • Accident Waiver - Not a discount per se, but some insurance companies will forgive one accident before hitting you with a surcharge as long as you don't have any claims prior to the accident.
  • Government Employee Discount - Employees or retirees of the government may reduce rates when you quote New Orleans auto insurance with some auto insurance companies.
  • Include Life Insurance and Save - Select insurance carriers reward you with a lower auto insurance rate if you buy auto and life insurance together.

Don't be shocked that many deductions do not apply to all coverage premiums. Some only reduce the cost of specific coverages such as collision or personal injury protection. So even though you would think you can get free auto insurance, it's just not the way it works.

The diagram below shows the difference between Ford Escape premium costs with and without discounts being applied to the rates. The data assumes a female driver, no driving violations, no at-fault accidents, Louisiana state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, multi-car, homeowner, safe-driver, and claim-free discounts applied.

If you would like to view auto insurance companies that offer many of these discounts in New Orleans, click this link.

Rates and statistics

The premium table shown next highlights estimates of insurance coverage prices for Ford Escape models. Learning how auto insurance prices are formulated can help customers make informed decisions when comparing rates.

Ford Escape Insurance Rates in New Orleans, LA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $268 $488 $446 $26 $134 $1,362 $114
Escape XLS 4WD $268 $488 $446 $26 $134 $1,362 $114
Escape XLT 2WD $268 $488 $446 $26 $134 $1,362 $114
Escape Limited 2WD $308 $488 $446 $26 $134 $1,402 $117
Escape XLT 4WD $308 $488 $446 $26 $134 $1,402 $117
Escape Limited 4WD $308 $592 $446 $26 $134 $1,506 $126
Get Your Own Custom Quote Go

Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Louisiana minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Price information does not factor in specific zip code location which can alter coverage prices greatly.

Higher deductibles save money

One common question asked by New Orleans drivers is where should you set your physical damage deductibles. The data tables below lay out the price difference when you buy lower versus higher insurance deductibles. The first data table 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 $312 $498 $394 $24 $118 $1,371 $114
Escape XLS 4WD $312 $498 $394 $24 $118 $1,371 $114
Escape XLT 2WD $312 $498 $394 $24 $118 $1,371 $114
Escape Limited 2WD $358 $498 $394 $24 $118 $1,417 $118
Escape XLT 4WD $358 $498 $394 $24 $118 $1,417 $118
Escape Limited 4WD $358 $604 $394 $24 $118 $1,523 $127
Get Your Own Custom Quote Go
Ford Escape insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $194 $312 $394 $24 $118 $1,042 $87
Escape XLS 4WD $194 $312 $394 $24 $118 $1,042 $87
Escape XLT 2WD $194 $312 $394 $24 $118 $1,042 $87
Escape Limited 2WD $222 $312 $394 $24 $118 $1,070 $89
Escape XLT 4WD $222 $312 $394 $24 $118 $1,070 $89
Escape Limited 4WD $222 $380 $394 $24 $118 $1,138 $95
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Rate quotes do not factor in vehicle location which can revise coverage prices significantly.

Based on the data above, we can derive that using a $250 deductible costs approximately $29 more each month or $348 a year than requesting the higher $1,000 deductible. Because you would be required to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you average more than 26 months between claim filings, you would more than likely save some money if you elect the higher deductible.

The example below illustrates how your choice of deductibles and can change Ford Escape annual premium costs for each different age category. The information is based on a married female driver, comprehensive and collision coverage, and no discounts are factored in.

Safe drivers pay less for car insurance

The example below shows how speeding tickets and at-fault fender-benders impact Ford Escape yearly insurance costs for different age categories. Data assumes a married male driver, full physical damage coverage, $500 deductibles, and no other discounts are factored in.

Do you need full coverage?

The information below illustrates the difference between Ford Escape auto insurance rates when comparing full coverage to liability only. The price estimates are based on no accidents or driving violations, $250 deductibles, marital status is single, and no discounts are applied.

When to stop buying physical damage coverage

There is no exact rule that is best for determining when to drop comp and collision coverage, but there is a general convention. If the yearly cost of comp and collision coverage is about 10% or more of the vehicle's replacement cost less your deductible, the it may be a good time to stop paying for full coverage.

For example, let's assume your Ford Escape book value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, you would only receive $5,000 after paying your policy deductible. If it's costing you more than $500 annually for physical damage coverage, then it could be time to drop full coverage.

There are some circumstances where buying only liability insurance is not advised. If you still owe money on your vehicle, you have to keep full coverage to protect the lienholder's interest. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not drop full coverage.

Components of Your Ford Escape Insurance Costs

Many factors are used in the calculation when you get your auto insurance bill. Some factors are common sense like an MVR report, but others are more obscure such as your credit history or your vehicle rating. It's important that you understand a few of the rating criteria that are used to determine the price you pay for insurance. If you know what determines premiums, this empowers consumers to make smart changes that may result in better insurance rates.

  • Liability insurance limits are a factor - The liability coverage on your policy is the coverage that protects you in the event that you are responsible for causing personal injury or damage in an accident. Liability insurance provides you with a defense in court which can cost thousands of dollars. This coverage is relatively inexpensive as compared to coverage for physical damage, so buy as much as you can afford.
  • High performance vehicles cost more to insure - The type of car you are trying to find cheaper insurance for makes a huge difference in determining your rates. The lowest premiums are usually for lower performance four cylinder passenger models, but your final cost has many other factors.

    The next chart is based on a married male driver age 50, full coverage with $1000 deductibles, and no discounts or violations. It compares Ford Escape car insurance rates compared to other makes and models that have different performance risks.

  • Your address can affect price - Having an address in areas with lower population is a good thing when talking about insurance. Fewer drivers on the road means fewer accidents and lower theft and vandalism rates. Drivers who live in large Louisiana cities have to deal with much more traffic and a longer drive to work. The longer drive time means more chances of being involved in an auto accident.
  • High premiums for youthful drivers - Teen drivers in Louisiana are statistically shown to get distracted easily with other occupants in the car so they pay higher insurance rates. Older insureds are proven to be safer behind the wheel, cost insurance companies less in claims, and are safer drivers.

    The following data uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.

  • Ford Escape claim statistics - Insurance companies use claims history to help calculate premium rates. Models that tend to have a trend towards higher claim severity or frequency will be charged more to insure. The data below shows the historical loss data for Ford Escape vehicles.

    For each insurance policy coverage type, the claim amount for all vehicles, regardless of make, model or trim level, is considered to be 100. Values below 100 suggest losses that are better than average, while numbers above 100 point to more losses or statistically larger claims.

    Insurance Loss Ratings for Ford Escape Vehicles
    Specific Ford 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

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

Insurance agents near you

Certain consumers just prefer to sit down with an agent and that is OK! The best thing about comparing rates online is you can get better rates and still have an agent to talk to. Putting coverage with local insurance agents is especially important in New Orleans.

Insurance agency in New OrleansTo make it easy to find an agent, after completing this form (opens in new window), your insurance coverage information is immediately sent to companies in New Orleans that can provide free New Orleans auto insurance quotes for your auto insurance coverage. It simplifies rate comparisons since you won't have to search for an agent due to the fact that quote results will go instantly to you. You'll get the best rates AND a local agent. If for some reason you want to get a price quote from a specific company, you would need to navigate to their website and give them your coverage information.

If you need to find a local insurance agency, it helps to know the two types of agencies from which to choose. Agents are categorized either independent agents or exclusive agents.

Independent Auto Insurance Agencies or Brokers

Independent insurance agents can sell policies from many different companies so they can insure your vehicles through many different auto insurance companies and potentially find a lower price. If your agent finds better pricing, your agent can switch companies which requires no work on your part.

If you need cheaper auto insurance rates, we highly recommend that you contact independent agents to have the best price comparison. They also have the ability to place coverage with lesser-known insurance companies which can be an advantage.

Listed below are independent agents in New Orleans who can help you get price quotes.

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Exclusive Auto Insurance Agencies

Agents that choose to be exclusive are contracted to one company and some examples include Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents cannot place coverage with different providers so they have no alternatives for high prices. These agents receive a lot of sales training on what they offer which aids in selling service over price. Consumers sometimes use the same exclusive agent mainly due to the brand rather than low rates.

The following is a list of exclusive insurance agents in New Orleans that are able to give price quotes.

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Deciding on a insurance agency should depend on more than just a cheap price. The following questions are important to ask.

  • Do they offer rental car reimbursement?
  • Does the company allow you to choose your own collision repair facility?
  • Will the agent help in case of a claim?
  • How many years of experience in personal auto insurance do they have?
  • How often do they review policy coverages?

Upon getting good answers and an acceptable price quote, it's possible that you found an insurance agent that can be relied on to properly insure your vehicles.

Ratings for New Orleans auto insurance companies

Selecting the right insurance company can be challenging considering how many choices you have in Louisiana. The company ratings shown next can help you select which car insurance companies to look at purchasing coverage from.

Top 10 New Orleans 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

Top 10 New Orleans 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+

Cheap car insurance rates are available

More affordable car insurance in New Orleans is attainable on the web and also from your neighborhood New Orleans agents, and you need to price shop both so you have a total pricing picture. Some insurance providers may not provide online rate quotes and usually these small insurance companies work with independent agents.

When shopping online for car insurance, never sacrifice coverage to reduce premiums. Too many times, an insured dropped comprehensive coverage or liability limits and discovered at claim time that it was a big mistake. Your goal should be to buy the best coverage you can find for the lowest cost but still have enough coverage for asset protection.

In this article, we covered quite a bit of information on how to find lower-cost Ford Escape insurance in New Orleans. The key thing to remember is the more rate comparisons you have, the better your comparison will be. Consumers could even find that the most savings is with the smaller companies.

Even more information is available in the articles below: