Cheapest 2001 Ford Taurus Insurance Rates in 2024
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UPDATED: Jun 2, 2023
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Scraping up a payment for overpriced Ford Taurus insurance can take a big chunk out of your savings account and force you to make sacrifices. Comparing price quotes is free, only takes a few minutes, and is a good way to make sure you’re not throwing money away.
Drivers have multiple insurers to insure vehicles with, and even though it’s nice to have a choice, having more insurance companies makes it harder to locate the cheapest rates.
The purpose of this post is to tell you the most effective way to quote insurance and some money-saving tips. If you currently have a car insurance policy, you will be able to lower your premiums substantially using these tips. Nevertheless, car owners need to have an understanding of the way insurance companies sell online and apply this information to your search.
How to Compare Auto Insurance Costs
There are multiple methods to compare 2001 Ford Taurus auto insurance prices but one way is less time-consuming than others. You can waste a lot of time discussing policy coverages with insurance agencies in your area, or you can utilize online quoting to quickly compare rates.
Most major companies belong to an insurance system where prospective buyers send in one quote, and each participating company can provide price quotes based on that data. This prevents consumers from doing repetitive form submissions for each company. To get comparison pricing now click here (opens in new window).
The only drawback to using this type of system is you cannot specify which insurance companies to get quotes from. If you wish to select specific insurance companies to compare prices, we have a page of low cost auto insurance companies in your area. Click here to view list.
It doesn’t matter which method you choose, just ensure you’re using apples-to-apples deductibles and coverage limits on every quote. If each company quotes mixed coverages you can’t possibly determine which rate is truly the best. Having just a slight variation in coverages could mean much higher rates. Just keep in mind that quoting more gives you a better chance of getting a better price.
Drivers who switch save $394 a year? Really?
GEICO, State Farm and Progressive constantly bombard you with ads in print and on television. All the companies have a common claim that you can save if you switch your policy. How does each company make the same claim? This is how they do it.
All companies have a preferred profile for the driver that is profitable for them. For example, a preferred risk might be profiled as a mature driver, insures multiple vehicles, and has a short commute. A propective insured who fits that profile will get very good rates and most likely will cut their rates substantially.
Potential insureds who are not a match for these standards will be charged higher prices which leads to business going elsewhere. The ads say “customers that switch” not “people who quote” save that much money. That’s why insurance companies can confidently advertise the savings.
That is why drivers should get as many quotes as possible. It is impossible to predict which insurance company will give you the biggest savings on Ford Taurus insurance.
Cut prices on 2001 Ford Taurus insurance
The cost of insuring your cars can be expensive, but there are discounts available that many people don’t even know exist. A few discounts will automatically apply at the time of purchase, but a few must be specifically requested in order for you to get them.
- One Accident Forgiven – Certain companies will allow you to have one accident before hitting you with a surcharge if your claims history is clear for a set time period.
- Multiple Cars – Buying insurance for all your vehicles on the same car insurance policy qualifies for this discount.
- Homeowners Discount – Being a homeowner can save you money because owning a home demonstrates responsibility.
- Safe Drivers – Drivers who don’t get into accidents can pay as much as 50% less for Taurus insurance than their less cautious counterparts.
- Discount for Life Insurance – Some companies give a discount if you purchase life insurance from them.
- Sign Early and Save – Some insurance companies reward drivers for switching to them before your current expiration date. It can save you around 10%.
- Military Discounts – Having a family member in the military may qualify for rate reductions.
A little note about advertised discounts, some credits don’t apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like comp or med pay. So despite the fact that it appears it’s possible to get free car insurance, you’re out of luck. But all discounts will help reduce the cost of coverage.
Car insurance companies that may have some of the above discounts are:
Before buying, ask each company what discounts are available to you. Some discounts may not apply in your state.
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Tailor your coverage to you
When choosing proper insurance coverage, there isn’t really a perfect coverage plan. Everyone’s situation is unique and your policy should reflect that. Here are some questions about coverages that may help you determine if you would benefit from an agent’s advice.
- At what point should I drop full coverage?
- When should I buy a commercial auto policy?
- Does insurance cover damages from a DUI accident?
- When should I not file a claim?
- How does medical payments coverage work?
- Do I need an umbrella policy?
- Does my policy cover me when driving someone else’s vehicle?
If it’s difficult to answer those questions, you might consider talking to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies.
Car insurance coverage breakdown
Knowing the specifics of your car insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring. These are typical coverages found on the average car insurance policy.
Medical payments coverage and PIP – Med pay and PIP coverage pay for short-term medical expenses for funeral costs, nursing services and prosthetic devices. They can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. Coverage applies to you and your occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and may carry a deductible
Comprehensive coverage – This pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims like damage from getting keyed, hail damage, fire damage, hitting a bird and rock chips in glass. The highest amount your car insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Liability car insurance – This provides protection from injuries or damage you cause to other’s property or people. This coverage protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see a combined single limit or 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 loss of income, attorney fees and repair bills for other people’s vehicles. How much liability should you purchase? That is a personal decision, but buy higher limits if possible.
Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Ford Taurus.
Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Most of the time your uninsured/underinsured motorist coverages are set the same as your liablity limits.
Collision – 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 insurance covers things such as scraping a guard rail, rolling your car, colliding with a tree, crashing into a ditch and driving through your garage door. This coverage can be expensive, so consider removing coverage from lower value vehicles. You can also choose a higher deductible to save money on collision insurance.
More comparisons equals lower rates
Discount 2001 Ford Taurus insurance can be bought from both online companies and with local insurance agents, and you need to comparison shop both to get a complete price analysis. Some insurance providers do not offer online price quotes and these small insurance companies work with independent agents.
In this article, we presented a lot of information how to shop for insurance online. The most important thing to understand is the more you quote, the higher your chance of finding lower rates. You may be surprised to find that the best price on car insurance is with a lesser-known regional company. Smaller companies may often insure only within specific states and give getter rates than their larger competitors like Allstate, GEICO and Progressive.
Much more information about car insurance can be read at the links below
- Comprehensive Coverage (Liberty Mutual)
- Auto Insurance 101 (About.com)
- Things to Know Before you Cancel Insurance (Allstate)
- Keeping Children Safe in Crashes Video (iihs.org)
- Distracted Driving Extends Beyond Texting (State Farm)
- Insuring a Leased Car (Insurance Information Insitute)
Frequently Asked Questions
How can I find the cheapest insurance rates for a 2001 Ford Taurus?
To find the most affordable insurance rates for a 2001 Ford Taurus, it’s recommended to obtain quotes from multiple insurance companies. Comparing these quotes will help you identify the most competitive rates available to you. Additionally, inquire about any discounts that may be available for safety features, good driving records, or bundling policies.
Should I opt for minimum coverage to reduce insurance costs?
While minimum coverage might seem like an attractive option to save on insurance costs, it’s important to consider your personal needs and financial situation. Minimum coverage may not provide sufficient protection in the event of an accident or damage to your vehicle. It’s advisable to choose coverage that adequately protects your assets and meets your specific requirements.
Can I qualify for any discounts to lower my insurance rates?
Yes, insurance companies often provide various discounts that can help lower insurance rates. Some potential discounts for a 2001 Ford Taurus may include safe driver discounts, multi-policy discounts, anti-theft device discounts, or discounts for completing defensive driving courses. Contact insurance providers to inquire about available discounts.
What factors affect the insurance rates for a 2001 Ford Taurus?
Several factors can influence the insurance rates for a 2001 Ford Taurus, including the driver’s age, driving record, location, coverage options, deductible amount, and the insurance company’s policies. Additionally, the market value, safety features, and repair costs of the Ford Taurus may impact insurance rates.
Are there any specific features of the 2001 Ford Taurus that may affect insurance rates?
The presence of safety features in the 2001 Ford Taurus, such as anti-lock brakes, airbags, and security systems, may positively impact insurance rates. Insurance companies often provide discounts for vehicles equipped with these safety features. Additionally, the vehicle’s market value and repair costs can influence rates.
Does the location where I live affect insurance rates for a 2001 Ford Taurus?
Yes, your location can impact insurance rates. Areas with higher rates of accidents, theft, or vandalism tend to have higher insurance premiums. Additionally, urban areas often have higher rates compared to rural areas due to increased traffic and higher risks.
Can I change my insurance policy if I find cheaper rates later on?
Yes, you can typically change your insurance policy at any time if you find cheaper rates. However, it’s important to consider any potential cancellation fees or consequences and ensure that the new policy provides adequate coverage for your needs.
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