Best Insurance for a Ford Expedition in Detroit

It’s amazing but a large majority of drivers have purchased from the same company for over three years, and practically 40% of car insurance customers have never shopped around. Drivers in Michigan could save themselves roughly $3,800 a year by just comparing rate quotes, but they don’t understand how simple it is to compare rates and save money.

The recommended way to get more affordable Ford Expedition insurance in Detroit is to start comparing prices yearly from companies in Michigan.

• First, take a few minutes and learn about individual coverages and the things you can change to keep rates in check. Many rating factors that drive up the price such as tickets, at-fault accidents, and a not-so-good credit score can be remedied by making lifestyle changes or driving safer.
• Second, quote rates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can provide rates from one company like GEICO or Farmers Insurance, while independent agencies can provide rate quotes for a wide range of companies.
• Third, compare the new rate quotes to your existing rates and see if there is a cheaper rate in Detroit. If you can save some money, make sure the effective date of the new policy is the same as the expiration date of the old one.
• Fourth, provide written notification to your current company of your intent to cancel the current policy and submit the signed application along with the required initial payment for the new policy. As soon as you receive it, place your new certificate of insurance above your visor, in the console, or in the glove compartment.

A valuable tip to remember is to make sure you’re comparing identical limits and deductibles on every quote request and and to get rates from every company you can. Doing this ensures an apples-to-apples comparison and the best price selection.

Ford Expedition insurance rate analysis

The coverage information shown next showcases estimates of coverage costs for Ford Expedition models. Having a better idea how auto insurance policy rates are determined helps drivers make smart choices when comparing insurance quotes.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Rate information does not factor in specific location information which can influence prices considerably.

Can higher deductibles save money?

One of the more difficult decisions when buying auto insurance is the level to set your comp and collision deductibles. The figures shown below lay out how much more you’ll pay between high and low coverage deductibles. The first data table uses a $100 comprehensive and collision deductible and the second pricing table uses a $500 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Rate quotes do not factor in specific Detroit garaging location which can impact coverage prices considerably.

Based on the data above, we can derive that using a $100 deductible could cost the average driver approximately $49 more each month or $588 annually across all Ford Expedition models than choosing the higher $500 deductible. Since you would have to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you average at least 8 months between claims, you would come out ahead if you choose the higher deductible.

An important thing to remember is that raising deductibles to save money means you will have to cover more of the damage yourself when you have a claim. That will require some extra savings in the event you have to pay the higher deductible.

Impact of speeding/accidents on Detroit auto insurance rates

The diagram below demonstrates how speeding tickets and at-fault collisions impact Ford Expedition annual premium costs for different ages of insureds. The rates are based on a married male driver, comp and collision included, $100 deductibles, and no additional discounts are factored in.

Car insurance 101

Understanding the coverages of car insurance can be of help when determining the right coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Shown next are typical coverage types found on most car insurance policies.

Collision coverage protection

This coverage pays for damage to your Expedition caused by collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like hitting a mailbox, crashing into a ditch, colliding with a tree and crashing into a building. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. It’s also possible to choose a higher deductible on your Expedition to bring the cost down.

Coverage for medical payments

Med pay and PIP coverage reimburse you for bills for things like dental work, X-ray expenses, nursing services, ambulance fees and surgery. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Comprehensive coverages

This coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as hail damage, a tree branch falling on your vehicle, hitting a deer and damage from flooding. The highest amount your car insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured and underinsured coverage

Your UM/UIM coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as damage to your Ford Expedition.

Since many Michigan drivers have only the minimum liability required by law (20/40/10 in Michigan), it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Usually the UM/UIM limits do not exceed the liability coverage limits.

Auto liability insurance

This coverage provides protection from injuries or damage you cause to other people or property that is your fault. It protects YOU against claims from other people. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 20/40/10 that means you have $20,000 bodily injury coverage, a per accident bodily injury limit of $40,000, and property damage coverage for $10,000. Occasionally you may see a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability insurance covers claims like medical expenses, bail bonds, loss of income and court costs. How much liability should you purchase? That is up to you, but buy as much as you can afford. Michigan requires drivers to carry at least 20/40/10 but you should think about purchasing more liability than the minimum.

The illustration below demonstrates why the minimum limit may not provide you with enough coverage.

Shop smart and save

Budget-conscious Ford Expedition insurance can be sourced on the web as well as from insurance agents, and you need to price shop both to have the best chance of lowering rates. Some insurance companies may not have the ability to get quotes online and many times these smaller companies only sell coverage through local independent agencies.

When shopping online for auto insurance, don’t be tempted to buy lower coverage limits just to save a few bucks. There are too many instances where an insured dropped comprehensive coverage or liability limits and discovered at claim time that it was a big mistake. Your aim should be to purchase a proper amount of coverage at a price you can afford and still be able to protect your assets.

Throughout this article, we presented some good ideas how you can get a better price on Ford Expedition insurance in Detroit. It’s most important to understand that the more rate comparisons you have, the more likely it is that you will get a better rate. Drivers may even discover the lowest premium rates come from some of the smallest insurance companies. Some small companies may only write in your state and offer lower prices than the large multi-state companies such as Progressive and GEICO.

Additional articles

• Learn About Car Insurance (GEICO)
• Who Has the Cheapest Detroit Car Insurance Quotes for Government Employees? (FAQ)
• What Car Insurance is Cheapest for Safe Drivers in Detroit? (FAQ)
• How Much are Auto Insurance Quotes for a Company Car in Detroit? (FAQ)
• State Laws for Cellphones and Texting (iihs.org)
• Safe Vehicles for Teens (iihs.org)
• Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
• Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)