How Much Does 2003 Ford Taurus Car Insurance Cost?

Looking for better car insurance rates for your Ford Taurus? Paying for high-priced Ford Taurus insurance can overdraw your savings account and force you to prioritize other expenses. Doing a price comparison is a smart way to tighten up your finances.

You have so many insurance companies to pick from, and although it’s nice to have a choice, it makes it harder to compare rates.

Pricing cheaper insurance is simple if you know the tricks. Essentially anyone who shops for insurance should be able to cut their insurance bill. Nevertheless, car owners can benefit from knowing how big insurance companies determine prices and take advantage of how the system works.

Companies offer discounts so take them!

Car insurance can cost a lot, but companies offer discounts to help offset the cost. Some discounts apply automatically at quote time, but a few must be asked about prior to receiving the credit.

  • Military Rewards – Being deployed with a military unit can result in better rates.
  • Early Signing – A few companies offer discounts for signing up prior to your current policy expiring. This can save 10% or more.
  • 55 and Retired – If you qualify as a senior citizen, you may receive a small decrease in premiums for Taurus insurance.
  • Paperwork-free – A few companies give back up to $50 for buying your policy over the internet.
  • Organization Discounts – Belonging to a professional or civic organization could qualify you for a break on your policy for Taurus insurance.
  • No Accidents – Drivers who don’t have accidents pay less as compared to drivers who are more careless.
  • More Vehicles More Savings – Insuring multiple cars or trucks on one policy can get a discount on all vehicles.
  • Braking Control Discount – Vehicles equipped with ABS or steering control can reduce accidents and will save you 10% or more.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Ford can earn better rates on cars that stay parked.

As a disclaimer on discounts, most discount credits are not given to the entire policy premium. Most cut specific coverage prices like comp or med pay. So despite the fact that it appears you could get a free insurance policy, it just doesn’t work that way. Any amount of discount will reduce your premiums.

For a list of providers with discount insurance rates, click here to view.

Factors determining your Ford Taurus insurance premium

An important part of buying insurance is that you know some of the elements that go into determining the rates you pay for car insurance. Knowing what impacts premium levels helps enable you to make changes that will entitle you to better car insurance rates.

  • How many coverages with the same company – The majority of car insurance companies give discounts to insureds who consolidate policies with them, otherwise known as a multi-policy discount. Even if you’re getting this discount you may still want to shop around to verify if the discount is saving money.
  • Your occupation can affect rates – Careers like real estate brokers, business owners and dentists tend to have the highest average rates because of job stress and lots of time spent at work. Other occupations such as scientists, historians and retirees receive lower rates for Taurus insurance.
  • Protect your assets with liability insurance – Liability coverage provides coverage in the event that a jury decides you are liable for personal injury or accident damage. It provides legal defense coverage which can cost thousands of dollars. Liability is cheap when compared with rates for comp and collision, so do not cut corners here.
  • High deductibles save money – The deductibles define the amount you are required to spend in the event of a claim. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Examples of covered claims could be running into the backend of another car, damage caused by hail, and burglary. The more expense you’re willing to pay, the bigger discount you will receive for Taurus insurance.

Do I just need basic coverages?

When it comes to choosing coverage for your vehicles, there is no cookie cutter policy. Everyone’s situation is unique and a cookie cutter policy won’t apply. These are some specific questions can aid in determining whether your personal situation may require specific advice.

  • Can I rent a car in Mexico?
  • Do I need motorclub coverage?
  • Why do I only qualify for high-risk insurance?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Why am I required to get a high-risk car insurance policy?
  • Is my babysitter covered when using my vehicle?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Am I covered when driving a rental car?
  • Should I carry comprehensive and collision coverage?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of insurance companies in your area.

Insurance coverages and their meanings

Understanding the coverages of insurance aids in choosing appropriate coverage and the correct deductibles and limits. Insurance terms can be ambiguous and even agents have difficulty translating policy wording. Listed below are the normal coverages found on most insurance policies.

Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for surgery, nursing services, chiropractic care and dental work. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Comprehensive insurance – 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 can pay for things such as damage from a tornado or hurricane, falling objects, hitting a deer and damage from getting keyed. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Liability coverage – Liability insurance protects you from injuries or damage you cause to a person or their property that is your fault. This insurance protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 100/300/100 which stand for a $100,000 limit per person for injuries, $300,000 for the entire accident, and property damage coverage for $100,000. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for claims such as structural damage, bail bonds, medical services, legal defense fees and repair bills for other people’s vehicles. How much coverage you buy is a personal decision, but buy higher limits if possible.

Collision coverages – This covers damage to your Taurus caused by collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as driving through your garage door, rolling your car and sustaining damage from a pot hole. This coverage can be expensive, so consider dropping it from lower value vehicles. Another option is to choose a higher deductible to bring the cost down.

Coverage for uninsured or underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Final considerations

As you restructure your insurance plan, don’t be tempted to skimp on critical coverages to save a buck or two. Too many times, drivers have reduced liability coverage limits and found out when filing a claim that the small savings ended up costing them much more. Your strategy should be to purchase a proper amount of coverage at the best price while not skimping on critical coverages.

Discount 2003 Ford Taurus insurance is definitely available from both online companies and also from your neighborhood agents, and you should be comparing both to have the best selection. There are still a few companies who may not provide the ability to get a quote online and most of the time these smaller companies sell through independent agents.

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