Finding cheaper insurance for a Ford Escape in Texas is pretty simple for most people to do, but it depends on an enormous amount of factors such as whether you are married, your occupation, and physical damage deductibles. Drivers in Texas pay on average $1,127 each year to insure their Escape, but that is an estimate using a 30-year-old single male driver with full physical damage coverage and $250 deductibles.
It’s highly likely you are not 30 years old and maybe not even male, possibly married instead of single, and maybe your Escape just needs liability-only coverage. Auto insurance is unique to each driver, so the only real way to find cheap auto insurance rates for your Ford is to put in the effort to do a thorough rate comparison.
The trim level of your vehicle will most likely have an effect on price, so the rate you will pay to insure a Escape XLS 2WD model will be $132 less expensive the price to insure the more well-appointed Escape Limited 4WD version, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Escape XLS 2WD||$292||$408||$424||$26||$128||$1,278||$107|
|Escape XLS 4WD||$292||$408||$424||$26||$128||$1,278||$107|
|Escape XLT 2WD||$292||$408||$424||$26||$128||$1,278||$107|
|Escape Limited 2WD||$336||$408||$424||$26||$128||$1,322||$110|
|Escape XLT 4WD||$336||$408||$424||$26||$128||$1,322||$110|
|Escape Limited 4WD||$336||$496||$424||$26||$128||$1,410||$118|
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Premium amounts do not factor in Fort Worth location which can affect auto insurance rates greatly.
Locating cheap insurance is easier said than done, and finding out which companies offer the best car insurance rates for a Ford Escape involves a bit more work.
Every car insurance company uses a slightly different approach to set premium rates, so let’s take a look at the car insurance companies that tend to be cheaper in Fort Worth. It’s important to know that Fort Worth car insurance rates are influenced by many factors that control the price you pay for coverage. Simply improving your credit score, buying a home, or getting caught speeding can cause premium changes resulting in some companies being more expensive than before.
Compare Cheap Insurance Quotes for Your Escape
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,211|
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Travelers may offer some of the cheapest car insurance rates in Fort Worth at around $1,041 annually. This is $863 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also be considered some of the most economical Fort Worth, TX car insurance companies.
As shown above, if you are a policyholder with Germania Mutual and switched to Travelers, you could see an annual savings of upwards of $253. Policyholders with Esurance could save as much as $324 a year, and California Casualty customers might lower prices by up to $383 a year.
Be aware that those estimates are averaged across all drivers and vehicles and do not take into consideration an exact zip code location for a Ford Escape. So the insurer that has the cheapest rates for you may not even be in the list above. That underscores the importance of why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.
Full coverage versus liability-only in Fort Worth
Paying less for car insurance is important to the majority of drivers, and a great way to buy cheap insurance for a Ford Escape is to not pay for full coverage. The chart below illustrates the difference between insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The price estimates are based on a clean driving record, no claims, $1,000 deductibles, drivers are not married, and no other discounts are factored in.
As an average for all age groups, full coverage costs an extra $1,627 per year more than just buying liability insurance. That is a large expense which might make you wonder if buying full coverage is worth the money. There is no specific rule to stop paying for physical damage coverage, but there is a general guideline you can use. If the annual cost of coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.
Why you are probably overpaying for Escape insurance
Fort Worth, TX car insurance rates are determined by lots of factors that control the cost of a policy. Improving your credit score, buying a different home, or getting into an accident may generate price changes that may make certain companies cheaper than before.
Not only may your situation change, but companies change rates multiple times each year in order to offset underwriting gains or losses. Higher than usual claims may result in more expensive premiums, while less frequent claims can produce lower-cost Escape insurance rates.
For example, the bar chart below shows rates for the cheapest car insurance in Fort Worth, TX for a 30-year-old female driver with no prior accidents, a clean driving record, and a good credit history. When quoting prices based on her personal profile, Travelers quotes the best car insurance rates in Fort Worth at $1,134 each year. This is $770 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the remainder of the best Fort Worth, TX auto insurance companies.
Now let’s give the driver from above a claim, slightly worse credit, and a traffic citation. Since every car insurance company has their own guidelines to set policy rates, comparing rates may result in a different list of the cheapest car insurance companies in Fort Worth as shown below.
State Farm now has the cheapest auto insurance in Fort Worth, TX with Mercury, USAA, Nationwide, and Safe Auto also being competitive. This shows why consumers need to take the time to perform a complete rate comparison to get the most economical insurance rates for a Ford Escape. Rates can be determined by many different factors and change substantially, so the most economical option a year ago may now be costing you a lot of money.
How to find cheaper insurance for a Ford Escape
Lowering your rates is not difficult, and here are some money-saving suggestions that can help Texas drivers get lower-cost coverage.
- Higher credit scores can equal lower rates
- Raise comprehensive and collision coverage deductibles
- Safer vehicles generally have cheaper insurance rates
- Do not get tickets
- At-fault accidents will increase rates
- Compare rates regularly to ensure the best deal
That last tip is notably important, as was emphasized in this write-up. Prices in Fort Worth can be changed at any time, so don’t hesitate to buy a policy from a new company if a cheaper price is available. Having a favorite company is great, but it’s not a great idea if that inflexibility results in costing you potentially thousands of dollars a year. It takes less than five minutes to compare rates to find cheaper insurance for a Ford Escape.