How Much Does 2005 Ford Taurus Insurance Cost?

Looking for cheaper auto insurance rates for your Ford Taurus? I can’t think of a single person who cherishes buying auto insurance, in particular when the price is too high.

Many insurers compete for your insurance dollar, so it’s not easy to compare every provider to get the lowest rate

If you have car insurance now, you should be able to save some money using these techniques. Buying car insurance is not rocket science. But car owners need to have an understanding of the methods companies use to price online insurance and apply this information to your search.

Why your Ford Taurus insurance rates may be high

An important part of buying insurance is that you know the different types of things that play a part in calculating insurance coverage rates. Having a good understanding of what determines base rates enables informed choices that may reward you with big savings.

Shown below are a few of the “ingredients” insurance coverage companies consider when setting rates.

  • Do you need the policy add-ons? – There are many add-on coverages that you can buy if you aren’t careful. Coverages for rental car reimbursement, towing coverage and additional equipment coverage are examples of these. These coverages may sound good initially, but now you might not need them so eliminate them to save money.
  • High crash test scores lower rates – Cars with high safety ratings can get you lower premiums. Safe vehicles result in less severe injuries and any reduction in injury severity means less money paid by your insurance company and lower rates for you. If your Ford Taurus is rated at least four stars on Safercar.gov it may be receiving lower rates.
  • Having a spouse can save you money – Having a wife or husband can actually save you money on insurance coverage. Having a spouse means you’re more responsible and it’s proven that drivers who are married are more cautious.
  • Liability coverage protects you – Your policy’s liability coverage is the protection if ever a court rules you are at fault for damages caused by your negligence. Liability provides legal defense coverage starting from day one. This coverage is very inexpensive as compared to coverage for physical damage, so buy as much as you can afford.

Which Auto Insurance is Cheapest?

The are a couple different ways to compare rate quotes from local auto insurance companies. One of the best ways to find the lowest 2005 Ford Taurus rates involves getting comparison quotes online. This can be done using a couple different methods.

Probably the best way to find the lowest comparison rates would be an industry-wide quote request form (click to open form in new window). This form keeps you from doing separate forms for each company you want a rate for. A single, simple form gets you coverage quotes from multiple low-cost companies.

A less efficient way to compare prices is spending the time to visit the website of each company and fill out their own quote form. For example, we’ll pretend you want to compare rates from Liberty Mutual, Progressive and Allstate. You would have to visit each site to enter your coverage information, which is why the first method is quicker.

For a list of links to insurance companies in your area, click here.

However you get your quotes, ensure you’re using exactly the same coverage limits and deductibles with each company. If your comparisons have differing limits you will not be able to make an equal comparison. Quoting even small variations in coverages may result in large price differences. And when quoting auto insurance, remember that comparing a large number of companies will increase your chances of finding lower pricing.

Do drivers who switch really save?

Car insurance providers like Allstate, Geico and Progressive continually stream ads on TV and radio. They all make the same claim of big savings after switching to them. How does each company make almost identical claims? This is how they do it.

Different companies have a certain “appetite” for the type of driver that is profitable for them. For instance, a driver they prefer could possibly be a mature driver, is a homeowner, and chooses high deductibles. A customer that hits that “sweet spot” will qualify for the lowest rates and as a result will probably save when they switch companies.

Potential customers who don’t qualify for the requirements will have to pay a more expensive rate and ends up with business not being written. The ads state “drivers who switch” not “everyone that quotes” save that much. This is how insurance companies can confidently advertise the way they do. Because of the profiling, you should get a wide range of price quotes. It is impossible to predict which insurance companies will provide you with the cheapest Ford Taurus insurance rates.

More discounts equal less premium

Companies offering auto insurance do not list all available discounts very clearly, so we researched some of the more common and the harder-to-find insurance savings.

  • Multiple Cars – Buying insurance for all your vehicles on one policy qualifies for this discount.
  • Paperless Signup – Some insurance companies will discount your bill up to fifty bucks just for signing your application online.
  • Passive Restraints and Air Bags – Vehicles equipped with air bags may earn rate discounts up to 30%.
  • Accident Waiver – A handful of insurance companies will allow you to have one accident before raising your premiums as long as you don’t have any claims for a particular time prior to the accident.
  • Federal Government Employee – Simply working for the federal government can earn a discount up to 10% for Taurus insurance with certain companies.

A little note about advertised discounts, most credits do not apply to your bottom line cost. Most cut the cost of specific coverages such as liability, collision or medical payments. Just because it seems like you would end up receiving a 100% discount, companies don’t profit that way.

Car insurance companies that may offer these benefits include:

It’s a good idea to ask all companies you are considering which discounts they offer. Discounts may not be available in your area.

It’s not one size fits all

When choosing coverage for your personal vehicles, there really is not a cookie cutter policy. Everyone’s needs are different and a cookie cutter policy won’t apply. For example, these questions could help you determine if your situation will benefit from professional help.

  • Can I rate high risk drivers on liability-only vehicles?
  • Do I need rental car coverage?
  • How can I force my company to pay a claim?
  • Can I afford to buy a different vehicle if my 2005 Ford Taurus is totaled?
  • When can my company non-renew my policy?
  • Exactly who is provided coverage by my policy?
  • Should I buy full coverage?
  • Can I get a multi-policy discount?
  • What is UM/UIM insurance?

If you can’t answer these questions but one or more may apply to you then you might want to talk to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area.

Educate yourself about insurance coverages

Knowing the specifics of your policy aids in choosing appropriate coverage and proper limits and deductibles. Insurance terms can be confusing and reading a policy is terribly boring. Listed below are typical coverages offered by insurance companies.

Auto liability

This can cover injuries or damage you cause to other’s property or people that is your fault. This insurance protects YOU against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 100/300/100 which means a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.

Liability insurance covers claims such as repair bills for other people’s vehicles, bail bonds and pain and suffering. How much coverage you buy is a decision to put some thought into, but buy as large an amount as possible.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” 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.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for bills for things like hospital visits, chiropractic care, rehabilitation expenses, doctor visits and EMT expenses. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is only offered in select states and may carry a deductible

Comprehensive (Other than Collision)

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

Comprehensive insurance covers things like a tree branch falling on your vehicle, hitting a deer and hitting a bird. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision coverage protection

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 and then insurance will cover the remainder.

Collision can pay for things such as sustaining damage from a pot hole, crashing into a ditch and scraping a guard rail. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to increase the deductible in order to get cheaper collision rates.

Shop Smart and Save

When shopping online for insurance coverage, never buy lower coverage limits just to save a few bucks. There are a lot of situations where someone sacrificed comprehensive coverage or liability limits and found out when filing a claim they didn’t have enough coverage. Your aim should be to purchase a proper amount of coverage at a price you can afford while not skimping on critical coverages.

Cheaper 2005 Ford Taurus insurance can be sourced online in addition to many insurance agents, and you should be comparing both so you have a total pricing picture. Some insurance companies do not provide online price quotes and usually these smaller companies provide coverage only through local independent agents.

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