Cheapest Quotes for Ford Taurus Insurance in Detroit

We don’t have to tell you that car insurance companies want to keep you from comparing prices. People who get price comparisons are very likely to switch companies because they have good chances of finding a more affordable policy. A survey found that people who compared rates regularly saved approximately $865 annually as compared to drivers who never compared rates.

If finding discount rates on car insurance in Detroit is the reason you’re reading this, learning the best way to quote and compare insurance premiums can make it easier for you to save money.

It takes a little time, but the best way to get low-cost auto insurance rates in Detroit is to begin comparing prices regularly from providers in Michigan. Drivers can shop around by following these steps.

First, read and learn about the coverage provided by your policy and the factors you can control to prevent expensive coverage. Many factors that cause rate increases like your driving record and an unacceptable credit rating can be improved by making minor driving habit or lifestyle changes.

Second, request rate estimates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like GEICO and Allstate, while independent agencies can provide price quotes for a wide range of insurance providers.

Third, compare the new rate quotes to your existing policy to see if switching to a new carrier will save money. If you find better rates, ensure there is no coverage lapse between policies.

A good piece of advice is to use the same liability limits and deductibles on every price quote and and to get prices from as many different companies as possible. Doing this enables a fair rate comparison and and a good selection of different prices.

Locating the lowest-priced policy in Detroit is not that difficult. In a nutshell, every driver who buys auto insurance stands a good chance to be able to reduce their rates. But Michigan drivers do need to understand the methods companies use to determine how much to charge and use it to your advantage.

How to lower your Ford Taurus insurance cost in Detroit

To find low cost prices, there are a couple of ways to compare rate quotes from companies that offer auto insurance in Michigan. The easiest way to do a complete rate comparison is to get quotes online. When price shopping your coverage, comparing all the rates in your area will improve the odds of getting a better price.

The providers in the list below are ready to provide free rate quotes in Michigan. To find the best car insurance in Detroit, it’s a good idea that you compare several of them to get the best price comparison.

Lower-cost Detroit insurance rates with discounts

Some insurance providers don’t necessarily list every discount available in a way that’s easy to find, so we researched a few of the more common and the more hidden credits that may apply to you.

• Cautious Driver Discounts – Drivers without accidents may save up to 50% more compared to rates paid by drivers with frequent claims.
• Student in College – Kids who are enrolled in a college that is more than 100 miles from Detroit without a vehicle on campus may be insured at a cheaper rate.
• Telematics Discount – Insureds that choose to allow their insurance company to analyze driving patterns through the use of a telematics system such as Drivewise from Allstate or Snapshot from Progressive could see a rate decrease as long as the data is positive.
• Good Student Discount – Being a good student may save as much as 25% on a Detroit auto insurance quote. The good student discount can last up until you turn 25.
• Waiver for an Accident – This one is not really a discount per se, but some companies like Progressive and Allstate will let one accident slide before they charge you more for coverage if you are claim-free prior to being involved in the accident.
• Seat Belts Save more than Lives – Requiring all passengers to use a seat belt can save up to 10 percent (depending on the company) off the personal injury premium cost.
• New Vehicle Savings – Adding a new car to your policy is cheaper because new vehicles have to meet stringent safety requirements.

While discounts sound great, it’s important to understand that most credits do not apply to the overall cost of the policy. Most only reduce individual premiums such as collision or personal injury protection. Just because you may think you can get free auto insurance, companies wouldn’t make money that way.

The example below compares Ford Taurus insurance premiums with and without discounts applied to the policy rates. The premium estimates are based on a male driver, a clean driving record, no claims, Michigan state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, claim-free, safe-driver, multi-car, and multi-policy discounts applied.

Some companies that possibly offer some of the above discounts may include but are not limited to:

• State Farm
• American Family
• GEICO
• 21st Century
• Progressive

Before buying, ask every prospective company the best way to save money. All car insurance discounts might not be available to policyholders in Detroit. To locate insurance companies that offer the discounts shown above in Detroit, click here to view.

Rates and other information

The premium table shown next highlights a range of rate quotes for Ford Taurus models. Knowing how auto insurance prices are calculated can be useful when making smart choices when buying a policy.

Premium data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Michigan minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Premium amounts do not factor in garaging location in Detroit which can alter price quotes considerably.

Where to set your deductibles

When buying car insurance, a common question is which deductible level should you buy. The following insurance rates sum up the costs and benefits of buying low and high physical damage deductibles. The first table uses a $100 deductible and the second data table uses a $500 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Price information does not factor in garaging location in Detroit which can alter insurance rates considerably.

Based on this data, using a $100 deductible will cost in the ballpark of $54 more each month or $648 annually than opting for the higher $500 deductible. Because you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to go more than 7 months between claims, you would probably come out ahead if you choose the higher deductible. Here’s the way you can do this calculation yourself.

The diagram below highlights how deductible selection and can increase or decrease Ford Taurus annual premium costs for different age categories. The data assumes a single male driver, comp and collision included, and no policy discounts are applied.

Car insurance cost for men versus women in Detroit

The illustration below illustrates the comparison of Ford Taurus premium costs for male and female drivers. The information is based on no claims or driving violations, full coverage, $500 deductibles, drivers are not married, and no discounts are taken into consideration.

Full coverage versus liability only rates

The diagram below visualizes the comparison of Ford Taurus insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The information is based on no claims or driving citations, $1,000 deductibles, single marital status, and no policy discounts are applied.

Guidelines for eliminating full coverage

There is no definitive guideline that works best for making the decision to drop comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is more than 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.

For example, let’s assume your Ford Taurus replacement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $4,000 after you pay the deductible. If you are paying in excess of $400 annually for physical damage coverage, then it’s probably a good time to buy liability coverage only.

There are some situations where eliminating full coverage is not a good idea. If you still owe money on your vehicle, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not buy liability only.

How Insurers Calculate Ford Taurus Insurance Prices

Consumers need to have an understanding of the rating factors that play a part in calculating your premiums. If you know what determines premiums, this enables informed choices that may reward you with cheaper rates.

More traffic means higher claims – Residing in less populated areas of the country is a good thing when shopping for auto insurance. People who live in big cities tend to have more aggressive driving styles and longer commutes to work. Less people means reduced accidents as well as less vandalism and auto theft.

Know your vehicle’s safety rating – Vehicles that have high safety ratings cost less to insure. Safer cars reduce occupant injuries and lower rates of occupant injuries means lower claim amounts and more competitive rates for policyholders.

Deter vehicle theft – Driving a car that has an advanced theft prevention system can help bring down rates. Anti-theft features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers help track and prevent auto theft.

Don’t buy extra policy coverages you don’t use – There are quite a few add-on coverages that you can buy if you aren’t diligent. Coverages for rental car reimbursement, high-cost glass coverage, and additional equipment coverage are probably not needed. They may seem like a good idea initially, but now you might not need them so eliminate them to save money.

Younger driver insurance rates – Older, more experienced drivers are proven to be safer behind the wheel, cause fewer claims and accidents, and get fewer tickets. Youthful drivers have a tendency to get distracted easily in a vehicle therefore auto insurance rates are much higher.

The following chart uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.

Loss statistics for a Ford Taurus – Companies include the past claim history for a vehicle as a way to help calculate a profitable premium rate. Vehicles that historically have increased claim numbers or amounts will cost more to insure.

The next table shows the historical insurance loss data for Ford Taurus vehicles. For each type of coverage, the loss probability for all vehicles, without regard to make or model, is represented as 100. Values that are 100 or less imply a favorable loss record, while numbers above 100 indicate higher probability of having a loss or tendency to have higher losses.