1998 Ford Taurus Insurance Rates

Purchasing the cheapest insurance online can be impossible for consumers not familiar with shopping for insurance online. With so many online companies, how can you have a chance to compare the different rates to find the best available price?

You should make it a habit to compare prices once or twice a year since insurance rates tend to go up over time. Even if you got the lowest rates on Taurus coverage on your last policy you can probably find a lower rate today. Block out anything you think you know about insurance because you’re about to find out one of the easiest ways to get good coverage at a lower rate.

If you currently have car insurance, you will be able to lower your premiums substantially using these tips. The purpose of this article is to tell you how car insurance quotes work. But vehicle owners should learn how insurance companies price insurance differently and apply this information to your search.

These discounts can slash car insurance rates

Companies offering auto insurance do not list every available discount very clearly, so here is a list some of the best known and the more hidden discounts you could be receiving.

  • Theft Prevention System – Cars that have factory anti-theft systems help deter theft and will save you 10% or more.
  • Military Rewards – Being deployed with a military unit can result in better rates.
  • Defensive Driver – Successfully completing a defensive driving course can save you 5% or more if you qualify.
  • Use Seat Belts – Buckling up and requiring all passengers to use a seat belt could cut 10% or more on the medical payments or PIP coverage costs.
  • Discount for New Cars – Insuring a new car can be considerably cheaper compared to insuring an older model.
  • Save over 55 – If you’re over the age of 55, you may be able to get reduced rates on Taurus coverage.

Consumers should know that most of the big mark downs will not be given to your bottom line cost. Some only apply to individual premiums such as liability, collision or medical payments. So when the math indicates you would end up receiving a 100% discount, it doesn’t quite work that way.

For a list of companies with the best car insurance discounts, click here to view.

How to Get Insurance Coverage Comparison Quotes

There are multiple methods you can shop for 1998 Ford Taurus insurance coverage but one way is less time-consuming than others. You can spend countless hours talking about coverages with insurance companies in your area, or you could save time and use online quoting to maximize your effort.

Many companies participate in an industry program that enables customers to complete one form, and each company then returns a price quote. This system prevents you from having to do quote requests to each company. To compare pricing click here to open in new window.

The single downside to pricing coverage this way is you cannot specify the companies you want pricing from. If you prefer to choose specific providers to compare rates, we have a listing of low cost insurance coverage companies in your area. View list of insurance companies.

Which method you use is up to you, but compare exactly the same information for each price quote. If the quotes have unequal deductibles or liability limits it’s not possible to determine the lowest rate for your Ford Taurus. Having just a slight variation in insurance coverages can result in a big premium difference. It’s important to know that comparing more company’s prices will improve the odds of getting a better price.

Elements that influence Ford Taurus insurance rates

An important part of buying insurance is that you know the different types of things that go into determining the price you pay for insurance. When you know what positively or negatively influences your rates helps enable you to make changes that will entitle you to much lower annual insurance costs.

Listed below are a partial list of the pieces that factor into prices.

  • Don’t get talked into coverage you don’t need – There are a lot of add-on coverages that can waste your money on your Taurus policy. Coverages like vanishing deductibles, accident forgiveness and term life insurance may be wasting your money. These may sound like a good investment at first, but if they’re wasting money get rid of them and save.
  • Older drivers pay less – Teenage drivers are known to be careless and easily distracted behind the wheel so insurance rates are higher. Parents adding a teenage driver to your policy can be very expensive. Older drivers are more cautious drivers, statistically cause fewer accidents and tend to be better behind the wheel.
  • Do you qualify for a multi-policy discount? – Some companies provide better rates to people who carry more than one policy such as combining an auto and homeowners policy. Discounts can amount to anywhere from five to ten percent in most cases. Even though this discount sounds good, it’s still a good idea to compare other company rates to confirm you are receiving the best rates possible.
  • Never let your coverage lapse – Driving with no insurance can get your license suspended and your next policy will cost more because you let your insurance expire. And not only will your rates increase, but not being able to provide proof of insurance may earn you a revoked license or a big fine.
  • Protect yourself with liability coverage – Liability insurance is the coverage that protects you if ever a jury decides you are liable for personal injury or accident damage. It will provide legal defense coverage starting from day one. This coverage is very inexpensive compared to physical damage coverage, so do not cut corners here.
  • Your credit rating is important – Your credit score is a huge factor in your rate calculation. If your credit score is lower than you’d like, you could save money insuring your 1998 Ford Taurus by spending a little time repairing your credit. Consumers who have high credit ratings tend to be less risk to insure than drivers with poor credit.

When might I need the advice of an agent?

When it comes to buying proper insurance coverage for your vehicles, there really is not a “best” method to buy coverage. Each situation is unique.

These are some specific questions can aid in determining whether or not you might need an agent’s assistance.

  • Am I covered when pulling a rental trailer?
  • Can I still get insurance after a DUI?
  • Will I be non-renewed for getting a DUI or other conviction?
  • What is covered by UM/UIM coverage?
  • What if I owe more than I can insure my car for?
  • Does medical payments coverage apply to all occupants?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form.

Do drivers who switch really save?

Companies like State Farm and Allstate continually stream ads on television and other media. All the ads say the same thing that you can save after switching your coverage to them. How does each company claim to save you money? This is how they do it.

Insurance companies can use profiling for the right customer that earns them a profit. A good example of a desirable insured might be profiled as over the age of 50, a clean driving record, and has excellent credit. A customer that hits that “sweet spot” will get very good rates and therefore will cut their rates substantially.

Drivers who don’t meet this ideal profile will be quoted higher prices and ends up with the driver buying from a lower-cost company. The ads say “people who switch” not “everyone that quotes” save that kind of money. That’s the way insurance companies can claim big savings. This emphasizes why it is so important to get as many comparisons as possible. Because you never know the company that will fit your personal profile best.

Car insurance coverages for a Ford Taurus

Understanding the coverages of your insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording.

Collision coverage – This coverage covers damage to your Taurus from colliding with an object or car. A deductible applies then your collision coverage will kick in.

Collision can pay for claims like colliding with a tree, crashing into a ditch, hitting a parking meter, hitting a mailbox and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. It’s also possible to increase the deductible to bring the cost down.

Comprehensive coverages – Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like hail damage, damage from getting keyed, damage from a tornado or hurricane and hitting a deer. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage kick in for bills such as dental work, funeral costs and hospital visits. They are used to fill the gap from your health insurance program or if you lack health insurance entirely. It covers all vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Coverage for liability – Liability insurance can cover injuries or damage you cause to other people or property in an accident. This coverage protects you from claims by other people, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability can pay for claims such as repair bills for other people’s vehicles, legal defense fees and emergency aid. How much liability should you purchase? That is your choice, but buy as high a limit as you can afford.

Uninsured and underinsured coverage – Your UM/UIM coverage provides protection when the “other guys” do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your 1998 Ford Taurus.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.

More comparisons equals lower rates

Insureds change insurance companies for many reasons like extreme rates for teen drivers, denial of a claim, policy cancellation or high rates after DUI convictions. It doesn’t matter what your reason, switching car insurance companies can be easier than you think.

When shopping online for car insurance, it’s a bad idea to sacrifice coverage to reduce premiums. Too many times, an accident victim reduced full coverage only to discover later that they should have had better coverage. The proper strategy is to purchase a proper amount of coverage for the lowest price.

In this article, we covered many tips how you can compare 1998 Ford Taurus insurance prices online. The key thing to remember is the more providers you compare, the better likelihood of reducing your rate. Consumers could even find that the lowest premiums are with the smaller companies.

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