It’s an obvious conclusion that auto insurance companies don’t want customers comparing rates. Insureds who compare rates annually will probably buy a new policy because there is a significant possibility of getting low-cost coverage. A recent car insurance study revealed that people who shopped around annually saved an average of $3,500 over four years compared to policyholders who didn’t regularly shop around.
If finding the lowest price on Ford Fiesta insurance is your ultimate target, then learning about how to compare cheaper coverage can make it easier to shop your coverage around.
If saving money is your primary concern, then the best way to find cheaper quotes for Ford Fiesta insurance in Detroit is to start comparing rates regularly from insurers who provide auto insurance in Michigan. Prices can be compared by completing these steps.
- Gain an understanding of how auto insurance works and the measures you can take to prevent rate increases. Many things that increase rates such as inattentive driving and an unacceptable credit history can be eliminated by making lifestyle changes or driving safer. This article provides more details to prevent high prices and get bigger discounts that may have been overlooked.
- Quote rates from direct, independent, and exclusive agents. Exclusive and direct companies can provide rates from one company like Progressive or Allstate, while independent agents can provide rate quotes from multiple insurance companies.
- Compare the new rate quotes to your existing policy and determine if cheaper Fiesta coverage is available. If you can save some money and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.
- Notify your company or agent of your decision to cancel your current auto insurance policy. Submit a down payment along with a signed application to the new company. Immediately upon receiving it, place your new proof of insurance certificate in a readily accessible location in your vehicle.
The key thing to know about shopping around is to try to compare similar deductibles and liability limits on each price quote and and to get prices from as many companies as feasibly possible. Doing this ensures the most accurate price comparison and a complete rate analysis.
How to get Detroit Ford Fiesta insurance rate quotes
To get affordable Ford Fiesta insurance quotes, there a variety of ways to compare rate quotes from many different Michigan insurance companies. The easiest way to compare rates consists of shopping online.
Getting rates online is very simple and it makes it a waste of time to drive to insurance agents’ offices. Comparing Ford Fiesta insurance rates online eliminates the middleman unless your situation requires the trained advice that can only be provided by a licensed insurance agent. However, consumers can get the lowest quotes online and have a local agent actually service the policy.
When comparing car insurance rates, know that getting more free quotes helps improve the odds of finding a lower rate.
The companies shown below are ready to provide quotes in Detroit, MI. To locate the best auto insurance in Detroit, we recommend you click on several of them in order to get a fair rate comparison.
Auto insurance is an important decision
Even though it’s not necessarily cheap to insure a Ford in Detroit, insurance may be required and benefits you in several ways.
- Just about all states have compulsory liability insurance requirements which means state laws require a specific level of liability coverage in order to be legal. In Michigan these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you bought your Ford with a loan, it’s guaranteed your bank will make it mandatory that you have insurance to ensure the loan is repaid in case of a total loss. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Ford for a much higher rate and force you to pay the higher premium.
- Auto insurance protects your vehicle and your assets. It will also pay for many types of medical costs for both you and anyone you injure as the result of an accident. Liability coverage also pays expenses related to your legal defense if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, collision and comprehensive coverages will pay to repair the damage minus the deductible amount.
The benefits of buying auto insurance outweigh the cost, specifically if you ever have a liability claim. According to a recent study, the average American driver is currently overpaying as much as $850 per year so it’s recommended you shop around at least once a year to save money.
How Insurers Determine Ford Fiesta Insurance Rates
Consumers need to have an understanding of a few of the rating criteria that help calculate your policy premiums. If you have some idea of what influences your rates, this enables informed choices that will entitle you to lower rates. Lots of factors are used when pricing auto insurance. Some of the criteria are obvious like your driving record, although others are more obscure like your vehicle usage or your commute time.
Vehicle risk influences premiums – The make and model of the car you are insuring makes a significant difference in your rates. The lowest premiums will generally be found on lower cost passenger vehicles, but the final cost of insurance is determined by many other factors.
Save money by eliminating extra coverages – There are quite a few extra coverages that can add up if you don’t pay attention. Coverages for roadside assistance, high-cost glass coverage, and extra equipment coverage may be costing you every month. They may seem good when talking to your agent, but your money might be better spent on other coverage so remove them and pocket the money.
Alarms and GPS tracking lower premiums – Owning a car with a theft deterrent system can help lower your premiums. Theft deterrent systems such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop your vehicle from being stolen.
Drive less and save – The more miles you rack up on your Ford each year the higher your rates will be. Almost all companies calculate prices partially by how you use the vehicle. Cars and trucks used primarily for pleasure use receive lower rates than those that get driven frequently. A policy that improperly rates your Fiesta may be costing you higher rates. Double check that your vehicle rating is showing how each vehicle is driven.
Vehicles with better crash test results cost less to insure – Safe vehicles tend to be cheaper to insure. The safest vehicles reduce injuries and fewer injuries means lower claim amounts and thus lower rates.
Does your vocation raise your prices? – Jobs such as fire fighters, social workers, and dentists usually pay higher rates than the rest of us because of intense work requirements and long work hours. On the other hand, professions such as scientists, historians and the unemployed pay lower than average rates.
Ford Fiesta statistical loss data – Insurance companies factor in historical loss data when setting premium prices. Models that are shown to have high amounts or severity of claims will have increased rates. The table below demonstrates the historical loss data for Ford Fiesta vehicles.
For each policy coverage, the loss probability for all vehicles, as an average, is a value of 100. Numbers shown that are under 100 represent a good loss history, while values that are 100 or greater indicate frequent claims or an increased chance of larger losses than average.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Ford Fiesta | 96 | 91 | 73 | 115 | 123 | 113 |
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
There’s no such thing as the perfect car insurance policy
Always keep in mind that when comparing the right insurance coverage, there is no “best” method to buy coverage. Everyone’s situation is a little different.
For example, these questions can help discover if you may require specific advice.
- Are combined or split liability limits better?
- What is the difference between personal and commercial auto insurance policies?
- Do they offer discounts for home and auto coverage?
- Am I covered if I break a side mirror?
- What can I do if my company won’t pay a claim?
- What is covered by UM/UIM coverage?
- Is my son or daughter covered when driving my car?
- Should I carry comprehensive and collision coverage?
- Am I covered while delivering pizza?
- When should I have rental car coverage?
If you’re not sure about those questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form.
In Summary
While you’re price shopping online, make sure you don’t buy poor coverage just to save money. In many cases, an accident victim reduced liability limits or collision coverage to discover at claim time that it was a big error on their part. The goal is to get the best coverage possible at the best possible price, but do not skimp to save money.
We’ve covered many tips how you can reduce Ford Fiesta insurance prices online in Detroit. It’s most important to understand that the more rate quotes you have, the better your comparison will be. You may even discover the best prices are with a small mutual company.
Lower-priced insurance in Detroit can be bought online in addition to many Detroit insurance agents, so you need to quote Detroit auto insurance with both to have the best selection. A few companies don’t offer online quoting and many times these regional insurance providers prefer to sell through independent agents.
Additional articles
- Learn About Car Insurance (GEICO)
- Who Has the Cheapest Detroit Auto Insurance for a Dodge Journey? (FAQ)
- Who Has Affordable Auto Insurance for Drivers with Bad Credit in Detroit? (FAQ)
- Who has the Cheapest Auto Insurance Quotes in Detroit, MI? (DetroitInsure.com)
- What is the Best Car Insurance in Detroit? (DetroitInsure.com)
- Vehicle Safety Ratings (iihs.org)
- Drunk Driving Statistics (Insurance Information Institute)