Ford Escape insurance image courtesy of QuoteInspector.com
Buying economical coverage for a Ford Escape in New York is normally pretty easy, but it relies on many factors such as whether you are married or single, the size of your vehicle, and the level of deductible you choose. Drivers in New York will pay around $673 a year for Escape insurance, but that price is an estimate using a 30-year-old married female driver with both comprehensive and collision coverage and $250 deductibles.
When estimating a car insurance rate like we just did, the issue is that you are not 30 years old and maybe not even female, you might be single instead of married, and maybe your Escape just needs liability-only coverage. This illustrates why the only way to find the most affordable coverage for your Ford is to compare rates from as many companies as possible. Quotes only take a couple of minutes and you will receive price comparisons from some of the best insurers that insure vehicles in New York.
The trim level of your Ford will most likely have an effect on price, so the rate you will pay to insure a Escape XLS 2WD will be $86 cheaper than the cost to insure the high end Escape Limited 4WD version, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Escape XLS 2WD||$172||$278||$230||$14||$68||$762||$64|
|Escape XLS 4WD||$172||$278||$230||$14||$68||$762||$64|
|Escape XLT 2WD||$172||$278||$230||$14||$68||$762||$64|
|Escape Limited 2WD||$198||$278||$230||$14||$68||$788||$66|
|Escape XLT 4WD||$198||$278||$230||$14||$68||$788||$66|
|Escape Limited 4WD||$198||$338||$230||$14||$68||$848||$71|
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Table data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and New York minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Estimates do not factor in specific zip code location which can affect insurance rates noticeably.
Figuring out which companies have the cheapest auto insurance rates for a Ford Escape will involve a bit more work in order to find the lowest price. Every car insurance company has their own unique process for establishing rates, so let's take a look at the lowest cost auto insurance companies in Buffalo, NY.
Cheap Insurance Rates for Your Escape
|Rank||Company||Cost Per Year|
|10||New York Central Mutual||$1,836|
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USAA quotes some of the best car insurance rates in Buffalo at around $1,199 per year. This is $876 less than the average rate paid by New York drivers of $2,075. Erie, Utica National, Progressive, and Travelers also rank well as some of the cheaper Buffalo, NY car insurance companies.
As shown above, if you are insured with Travelers and switched to Erie, you could earn a yearly price reduction of about $354. Customers with MetLife could save as much as $367 a year, and Allstate customers might realize rate reductions of up to $398 a year.
To see if your current coverage is too expensive, click here to get a free quote or feel free to get quotes from the companies below.
Be aware that those premium estimates are averaged for all insureds and vehicles and and are not figured with an exact location for a Ford Escape. So the company that fits you best may not even be in the top 20 companies in the list above. That helps illustrate why you need to compare prices as often as possible using your own specific driver and vehicle information.
Discounts on Buffalo car insurance rates
Auto insurance companies that provide coverage for a Ford Escape may also provide special discounts that may potentially lower prices by 30% or more if you are eligible for them. The best auto insurance companies and their possible discounts are outlined below.
- State Farm offers discounts including accident-free, student away at school, driver's education, Drive Safe & Save, Steer Clear safe driver discount, and multiple policy.
- Farmers Insurance has discounts for homeowner, multi-car, business and professional, good student, and youthful driver.
- GEICO offers discounts for five-year accident-free, good student, membership and employees, air bags, driver training, and anti-lock brakes.
- American Family offers premium reductions for mySafetyValet, defensive driver, bundled insurance, Steer into Savings, TimeAway discount, accident-free, and good student.
- Nationwide has savings for business or organization, family plan, anti-theft, defensive driving, and accident-free.
- Progressive policyholders can earn discounts including multi-vehicle, multi-policy, good student, online signing, and homeowner.
The chart below shows the comparison of insurance premiums with and without discounts. The premiums are based on a female driver, no violations or accidents, New York state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with marriage, claim-free, defensive driving course, multiple policy, accident-free, and homeowner discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on auto insurance for a Ford Escape is 27% or $336.
Does it make sense to buy full coverage?
Lowering the price of auto insurance should be important to the majority of people, and one way to pay lower rates for insurance for a Ford Escape is to not buy full coverage. The example below visualizes the comparison of insurance costs when comparing full coverage to liability only. The data is based on no claims or driving violations, $500 deductibles, marital status is single, and no discounts are factored in.
On average, physical damage insurance costs an additional $1,253 per year over liability only. That is a significant amount which raises the question if you should buy full coverage. There is no exact formula for eliminating physical damage coverage, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.
For example, let's assume your vehicle's replacement cost is $9,500 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would receive is $8,500 after paying your policy deductible. If premium cost is more than $850 a year for comprehensive and collision coverage, then you might want to consider buying only liability coverage.
There are some scenarios where eliminating full coverage is not a good idea. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not consider dropping full coverage.
Your low-price policy may be costing you money
Buffalo, NY auto insurance rates are determined by lots of factors that can increase the cost of your policy. Improving your credit rating, becoming a homeowner, or getting caught speeding may cause policy rate changes resulting in some companies being cheaper than others.
In addition, car insurance companies file new New York car insurance rates as often as every three months in order to be able to pay unexpected claims. Significantly higher claims can cause more expensive premiums, while a better claims history may produce cheaper Escape insurance rates.
As an example, the data below shows rates for the cheapest car insurance in Buffalo, NY for a 45-year-old male driver with no prior claims, no tickets, and excellent credit. If we estimate prices based on his current risk profile, USAA may offer the cheapest car insurance rates in Buffalo at $1,935 a year. This is $140 less than the average price paid by New York drivers of $2,075. Erie, Travelers, Utica National, and Progressive are also included in the best Buffalo, NY auto insurance companies.
In this next rate comparison, we will give the driver from above a couple of claims, less-than-perfect credit, and a few traffic violations. Due to the fact that every auto insurer has a proprietary method for determining rates, getting updated rate quotes may now show a significantly different list of the cheapest car insurance companies in Buffalo as shown below.
MetLife now has the best price on car insurance in Buffalo with Amica, Erie, Preferred Mutual, and GEICO also being competitive. This demonstrates why it is so important to compare rates to find the lowest car insurance quotes for a Ford Escape.
Insurance prices are influenced by many different factors and can change substantially, so the cheapest company two years ago may now be quite expensive.
Tips for finding economical insurance for a Ford Escape
It is possible to find better rates, and here are a few penny-pinching solutions that can help Buffalo drivers find cheap car insurance.
- Try paying for small claims out-of-pocket
- Drive safe vehicles
- Buying your home and auto policies from the same company can earn a discount
- Avoid getting citations and tickets
- Do not get into accidents
- Shop around once a year for cheaper rates
That last tip is incredibly necessary, as was discussed in this write-up. Auto insurance rates in Buffalo can be modified anytime, so you should be ready to buy from a different company if a lower price can be found. Sticking with a specific company is fine, but it isn't a good idea if that faithfulness ends up costing you money that could be used for better things. In just a couple of minutes you could shop around and find cheaper car insurance for a Ford Escape.
If you aren't sure which coverage to buy and prefer to have the advice of a professional agent when trying to find the best insurance rates for an Escape, the agents listed below are willing to help you make a decision which coverages you need.
To locate a Buffalo insurance agent nearest to you, click the button after the list or click here to compare prices now.
- United Insurance Agency, Inc.
90 Bryant Woods S - Buffalo, NY 14228 - (716) 632-6118
- P.A.G. Agency Inc
1660 Kensington Ave - Buffalo, NY 14215 - (716) 835-3221
- Dan Schmidt - State Farm Insurance Agent
615 Elmwood Ave - Buffalo, NY 14222 - (716) 783-9460