Buying cheap coverage for a Ford Escape in Colorado is pretty straightforward, but it depends on lots of different rating factors such as how safe your vehicle is, the condition of your credit, and physical damage deductibles. Drivers in Colorado pay approximately $782 a year for Escape insurance, but that figure is a projection based upon a 40-year-old married female driver with full physical damage coverage and $500 deductibles.
But there is a high probability that you may not be 40 years old (or even female), maybe you are single instead of married, or maybe your Escape is old enough that it doesn't require full coverage. This example demonstrates why the best method for finding cheap insurance prices for your Ford is to do the rate comparisons yourself. It only takes a few minutes and you will receive prices from the best companies available.
The trim level of your vehicle will influence the insurance rate, so the price to insure a Escape XLS 2WD trim level will cost $88 less than the price to insure the high end Escape Limited 4WD model, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Escape XLS 2WD||$166||$298||$314||$18||$94||$890||$74|
|Escape XLS 4WD||$166||$298||$314||$18||$94||$890||$74|
|Escape XLT 2WD||$166||$298||$314||$18||$94||$890||$74|
|Escape Limited 2WD||$190||$298||$314||$18||$94||$914||$76|
|Escape XLT 4WD||$190||$298||$314||$18||$94||$914||$76|
|Escape Limited 4WD||$190||$362||$314||$18||$94||$978||$82|
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Data rating is based on married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Prices do not factor in zip code location which can increase or decrease premium rates greatly.
Insuring your vehicle with the top auto insurance provider is hard considering how many companies there are in Colorado. The company rank data displayed below can help you select which insurers to look at purchasing coverage from. The ratings below are for the largest companies in America, so smaller regional companies will not be included in these rankings.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Full coverage or liability only
Paying a lower price for car insurance is probably important to the majority of people, and one of the quickest ways to lower the cost of insurance for a Ford Escape in Colorado is to buy only liability coverage. The information below visualizes the comparison of annual premium costs with and without physical damage coverage. The premiums assume no accidents or driving violations, $250 deductibles, marital status is single, and no discounts are factored in.
If averaged out across all ages, full coverage on your policy costs an additional $2,040 per year more than insuring for liability only. At some point, about every driver wonders if buying full coverage is worth the money. There is no definitive guideline that is best for determining when to drop physical damage insurance, but there is a general guideline you can use. If the yearly cost of full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.
For example, let's say your vehicle's book value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company would pay you is $8,000 after paying the physical damage deductible. If premium cost is more than $800 a year to have full coverage, then it's probably a good time to buy liability coverage only.
Types of discounts on Colorado insurance
Insurers that provide policies for a Ford Escape could also offer price discounts that could reduce prices by 30% or more if you meet the requirements. Companies and their possible discounts include:
- State Farm discounts include safe vehicle, good student, driver's education, accident-free, Steer Clear safe driver discount, passive restraint, and multiple policy.
- Liberty Mutual may include discounts for good student, exclusive group savings, newly married, multi-car, multi-policy, and new graduate.
- American Family offers discounts including mySafetyValet, TimeAway discount, accident-free, air bags, defensive driver, and bundled insurance.
- Progressive offers premium reductions for continuous coverage, online signing, good student, homeowner, and online quote discount.
- Farmers Insurance offers discounts for teen driver, bundle discounts, switch companies, distant student, business and professional, homeowner, and electronic funds transfer.
- Auto-Owners Insurance has discounts for paperless, company car, teen driver, safe driver, group or association, and air bags.
- SAFECO may have discounts that include anti-lock brakes, bundle discounts, teen safe driver, accident prevention training, teen safety rewards, and drive less.
The example below shows the comparison of insurance prices with and without discounts applied to the policy rates. The price estimates are based on a male driver, no claims or driving violations, Colorado state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with anti-theft, defensive driving course, marriage, claim-free, accident-free, and vehicle safety discounts applied. When taking advantage of discounts, the the average yearly reduction on car insurance for a Ford Escape is 28% or $555.
How careless driving impacts car insurance rates
One of the best ways to receive good car insurance premiums for an Escape is to be an attentive driver and avoid accidents and traffic violations. The diagram below demonstrates how traffic citations and accident claims can influence yearly insurance costs for different insured age categories. The rates are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no other discounts are factored in.
The chart shows that the average cost of car insurance in Colorado per year with no accidents and a clean driving record is $1,254. Add in two speeding tickets and the average cost jumps to $1,720, an increase of $466 each year. Then throw in one accident along with the two speeding tickets and the yearly cost of car insurance for a Ford Escape in Colorado goes up to an average of $2,193. That's an increase of $939, or $78 per month, just for not being a responsible driver!