Compare 2002 Ford Taurus Insurance Rates

Looking for cheaper auto insurance rates for your Ford Taurus? I can’t think of a single person who cherishes buying auto insurance, particularly when they are paying too much.

Insurance companies such as State Farm, Progressive and Geico all claim big savings, bombarding you with fancy advertisements and consumers find it hard to avoid their marketing magic and take the time to shop coverage around.

Consumers need to compare rates at least once a year because prices are rarely the same from one policy term to another. Just because you had the best price on Taurus insurance six months ago a different company probably has better rates today. There is too much inaccurate information about auto insurance online but we’re going to give you some tested techniques to stop overpaying for insurance.

If you currently have car insurance, you will most likely be able to reduce your rates substantially using this information. Finding the best rates is quite easy. But car owners should learn how the larger insurance companies compete online and apply this information to your search.

Ford Taurus insurance premiums are calculated by many factors

Consumers need to have an understanding of the factors that come into play when calculating the rates you pay for insurance. Understanding what determines base rates enables informed choices that will entitle you to much lower annual insurance costs.

The list below includes some of the factors insurance companies consider when setting prices.

  • Safer cars are cheaper to insure – Vehicles with high crash test scores are cheaper to insure. The safest vehicles result in less severe injuries and better occupant protection translates into fewer and smaller insurance claims passed on to you as lower rates. If your Ford earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
  • Pay less after the wedding – Getting married helps lower the price on your insurance policy. Having a significant other means you’re more mature than a single person it has been statistically shown that being married results in fewer claims.
  • Low deductibles can be expensive – Coverage for physical damage, also known as collision and other-than-collision, protects your Ford from damage. Some examples of claims that would be covered are running into the backend of another car, damage caused by hail, and windstorm damage. Physical damage deductibles are the amount of money you are willing to pay if you file a covered claim. The more expense the insured has to pay upfront, the lower your rates will be on Taurus insurance.
  • Don’t cancel a policy without a new one in place – Allowing your insurance policy to lapse is a sure-fire way to trigger a rate increase. Not only will you pay more, but not being able to provide proof of insurance may earn you a steep fine or even jail time.You may then be required to file a SR-22 with your state motor vehicle department.

Discounts mean cheaper Ford Taurus insurance rates

Insurance can cost an arm and a leg, but there could be available discounts to reduce the price significantly. Certain discounts will be applied when you quote, but lesser-known reductions have to be specifically requested before you get the savings.

  • Club Memberships – Participating in a professional or civic organization is a good way to get lower rates on car insurance on Taurus insurance.
  • Seat Belt Usage – Requiring all passengers to wear their seat belts could cut 10% or more off your PIP or medical payments premium.
  • Multiple Vehicles – Buying coverage for multiple vehicles with the same company could earn a price break for each car.
  • Homeowners Pay Less – Owning a home can save you money because maintaining a house shows financial diligence.
  • Sign Online – Some insurance companies give back up to $50 for buying a policy and signing up online.
  • Safety Course Discount – Successfully completing a course teaching defensive driving skills can save you 5% or more and easily recoup the cost of the course.
  • One Accident Forgiven – Some insurance companies allow you one accident without raising rates if your claims history is clear for a set time period.

It’s important to note that most discount credits are not given the the whole policy. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. Just because you may think all those discounts means the company will pay you, it doesn’t quite work that way. Any amount of discount will cut the amount you have to pay.

A partial list of companies that may have these discounts may include but are not limited to:

Before buying, ask every prospective company how you can save money. Discounts might not be offered in your area.

Tailor your coverage to you

When it comes to choosing coverage, there isn’t really a single plan that fits everyone. Everyone’s situation is unique and a cookie cutter policy won’t apply. For instance, these questions may help highlight if your situation could use an agent’s help.

  • What if I total my 2002 Ford Taurus and owe more than it’s worth?
  • How can I get my company to pay me more for my totalled car?
  • Am I covered when driving on a suspended license?
  • What is medical payments coverage?
  • When should I not file a claim?
  • Is a blown tire covered by insurance?
  • Why do I only qualify for high-risk insurance?

If it’s difficult to answer those questions, you might consider talking to an agent. To find lower rates from a local agent, complete this form or click here for a list of auto insurance companies in your area.

Auto insurance policy specifics

Having a good grasp of your policy helps when choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. These are typical coverage types found on most auto insurance policies.

Auto liability insurance

This coverage provides protection from damages or injuries you inflict on other people or property by causing an accident. It protects you from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL which limits claims to one amount without having the split limit caps.

Liability insurance covers things such as emergency aid, repair bills for other people’s vehicles, attorney fees and funeral expenses. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

UM/UIM Coverage

This protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Comprehensive or Other Than Collision

This coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like hitting a bird, theft, fire damage and damage from getting keyed. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses such as prosthetic devices, nursing services, funeral costs, doctor visits and ambulance fees. They can be utilized in addition to your health insurance plan or if there is no health insurance coverage. It covers you and your occupants and will also cover being hit by a car walking across the street. PIP is not an option in every state and may carry a deductible

Auto collision coverage

This coverage will pay to fix damage to your Taurus caused by collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage protects against things like sustaining damage from a pot hole, crashing into a building and hitting a mailbox. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. Drivers also have the option to increase the deductible to get cheaper collision coverage.

You can do this!

Discount 2002 Ford Taurus insurance can be bought both online and with local insurance agents, and you should compare price quotes from both to have the best selection. Some companies do not offer online price quotes and these regional insurance providers work with independent agents.

As you prepare to switch companies, don’t be tempted to sacrifice coverage to reduce premiums. There have been many cases where an insured dropped full coverage and learned later they didn’t purchase enough coverage. The ultimate goal is to get the best coverage possible for the lowest price, not the least amount of coverage.

Additional detailed information can be found by following these links: