Compare Ford Taurus Insurance Rates in Newark

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Ford Taurus insurance policy
Ford Taurus insurance policy image courtesy of QuoteInspector.com

Insurance for Ford TaurusReally, the only way to get low-cost Ford Taurus insurance is to do a yearly price comparison from companies that sell auto insurance in Newark. You can shop around by following these steps.

Step 1: Try to understand how auto insurance works and the measures you can take to prevent expensive coverage. Many rating criteria that result in higher prices like speeding tickets, careless driving and an imperfect credit history can be amended by improving your driving habits or financial responsibility.

Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive or State Farm, while agents who are independent can quote prices for many different companies. Compare rates now

Step 3: Compare the new rates to your existing rates and determine if cheaper Taurus coverage is available in Newark. If you can save some money and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.

Step 4: Notify your company or agent to cancel your existing policy and submit a completed application and payment to the new company. Don't forget to put the new certificate of insurance above your visor, in the console, or in the glove compartment.

An important bit of advice to remember is to try to use identical deductibles and limits on every price quote and to quote with as many carriers as you can. This helps ensure an accurate price comparison and the best rate selection.

Unbelievable but true, over 70% of drivers have remained with the same insurance company for at least four years, and approximately 40% of consumers have never quoted rates to find cheap coverage. New Jersey insurance shoppers could save nearly 40% a year just by comparing rates, but they don't know the benefits if they switched.

Locating the most cost-effective insurance policy in Newark is actually not that difficult if you follow our advice. If you are already insured or just want cheaper rates, take advantage of these tips to shop for the lowest rates and still get good coverage. Vehicle owners just have to know the proper methods to compare different rates online from multiple companies.

Most of the larger companies allow you to get coverage prices on the web. The process is fairly straightforward as you simply type in the amount of coverage you want on the page. Behind the scenes, the company's rating system obtains your driving and credit reports and quotes a price based on many factors.

This makes comparing rates easy, and it's necessary to have as many quotes as possible in order to get a better rate.

If you want to compare pricing, compare rate quotes from the providers shown below. To compare your current rates, we recommend you input the insurance coverages as close as possible to your current policy. Doing this assures you will have rate quotes for similar insurance coverage.

The companies shown below offer comparison quotes in Newark, NJ. If multiple companies are listed, we recommend you click on several of them to find the most affordable auto insurance rates.

Affordable Newark auto insurance rates with discounts

Insurance can be prohibitively expensive, but you may find discounts that could drop your premiums quite a bit. Certain discounts will be applied at quote time, but occasionally some discounts must be specially asked for in order for you to get them.Auto insurance discounts

  • Professional Organizations - Participating in certain professional organizations could qualify you for a break when getting a Newark car insurance quote.
  • Paperwork-free - A handful of auto insurance companies will discount your bill up to fifty bucks for signing up on the web.
  • No Claim Discounts - Drivers who don't have accidents have much lower rates in comparison with policyholders that have many claims.
  • Include Life Insurance and Save - Auto insurance companies who offer life insurance give a discounted rate on car insurance if you buy life insurance from them.
  • Low Mileage - Driving fewer miles can qualify you for slightly better rates than normal.

A quick disclaimer, most discounts do not apply to your bottom line cost. Most only cut individual premiums such as collision or personal injury protection. Despite the fact that it seems like you can get free auto insurance, it just doesn't work that way.

The example below illustrates the difference between Ford Taurus annual premium costs with and without discounts being applied to the rates. Data assumes a male driver, no accidents, no driving violations, New Jersey state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, marriage, multi-car, homeowner, and claim-free discounts applied.

A few popular companies and some of the premium reductions they offer are outlined below.

  • Progressive has discounts for multi-vehicle, homeowner, continuous coverage, online quote discount, multi-policy, online signing, and good student.
  • MetLife discounts include good student, multi-policy, good driver, accident-free, defensive driver, and claim-free.
  • Mercury Insurance may have discounts that include good student, age of vehicle, multi-car, type of vehicle, multi-policy, accident-free, and location of vehicle.
  • Nationwide may include discounts for multi-policy, family plan, defensive driving, anti-theft, and accident-free.
  • GEICO may offer discounts for membership and employees, military active duty, driver training, good student, and multi-vehicle.
  • AAA has savings for good student, AAA membership discount, education and occupation, good driver, pay-in-full, and multi-policy.

If you need cheaper Newark car insurance quotes, ask every prospective company which discounts they offer. Some discounts listed above may not apply to policyholders in your area. If you would like to view insurance companies with the best discounts in Newark, click here.

Rates and detailed analysis

The table shown below highlights estimates of coverage costs for Ford Taurus models. Learning a little about how auto insurance policy rates are established can help you make decisions on which insurance to purchase.

Ford Taurus Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Taurus SE $202 $334 $462 $28 $138 $1,164 $97
Taurus SEL $226 $394 $462 $28 $138 $1,248 $104
Taurus SEL AWD $226 $394 $462 $28 $138 $1,248 $104
Taurus Limited $226 $394 $462 $28 $138 $1,248 $104
Taurus Limited AWD $226 $454 $462 $28 $138 $1,308 $109
Taurus SHO AWD $248 $454 $462 $28 $138 $1,330 $111
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Premium data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Information does not factor in specific Newark garaging location which can revise price quotes significantly.

Should you raise deductibles?

One of the most common insurance questions is where to set your physical damage deductibles. The rates shown below show how much more rates are when you select higher and lower physical damage coverage deductibles. The first rate quote example uses a $250 deductible and the second price grid uses a $500 deductible.

Ford Taurus insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Taurus SE $420 $626 $480 $28 $144 $1,723 $144
Taurus SEL $466 $738 $480 $28 $144 $1,881 $157
Taurus SEL AWD $466 $738 $480 $28 $144 $1,881 $157
Taurus Limited $466 $738 $480 $28 $144 $1,881 $157
Taurus Limited AWD $466 $848 $480 $28 $144 $1,991 $166
Taurus SHO AWD $514 $848 $480 $28 $144 $2,039 $170
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Ford Taurus insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Taurus SE $340 $504 $480 $28 $144 $1,496 $125
Taurus SEL $380 $594 $480 $28 $144 $1,626 $136
Taurus SEL AWD $380 $594 $480 $28 $144 $1,626 $136
Taurus Limited $380 $594 $480 $28 $144 $1,626 $136
Taurus Limited AWD $380 $684 $480 $28 $144 $1,716 $143
Taurus SHO AWD $418 $684 $480 $28 $144 $1,754 $146
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Estimates do not factor in specific Newark garaging location which can increase or decrease coverage prices noticeably.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs about $22 more each month or $264 each year across all Ford Taurus models than requesting the higher $500 deductible. Since the policyholder would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you normally average more than 11 months between claims, you would most likely save money if you choose a higher deductible.

How to calculate if higher deductibles make sense

Average monthly premium for $250 deductibles: $159
Average monthly premium for $500 deductibles (subtract): - $137
Monthly savings from raising deductible: $22
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $22
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 11 months

One thing to be aware of is that raising deductibles to save money results in more money out-of-pocket when you have a comprehensive or collision claim. You should have some extra funds in order to pay the higher deductible in order to repair your vehicle.

The example below demonstrates how deductibles and can increase or decrease Ford Taurus insurance premiums for each age group. The costs are based on a married female driver, full physical damage coverage, and no discounts are factored in.

Comparison of insurance rates by gender

The information below shows the difference between Ford Taurus premium costs for male and female drivers. The premiums assume no claims or violations, comprehensive and collision coverage, $250 deductibles, single marital status, and no discounts are taken into consideration.

Ford Taurus liability rates compared to full coverage

The example below illustrates the comparison of Ford Taurus car insurance rates with and without physical damage coverage. The premiums are based on no violations or claims, $500 deductibles, single status, and no discounts are applied to the premium.

Deciding between full coverage and liability only

There is no clear-cut rule to stop buying physical damage coverage, but there is a broad guideline. If the annual cost of coverage is about 10% or more of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

For example, let's pretend your Ford Taurus replacement cost is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $2,000 after the policy deductible has been paid. If you are paying more than $200 a year to have full coverage, then it could be time to drop full coverage.

There are a few cases where only buying liability is not recommended. If you still owe a portion of the original loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you don't have enough money to buy a different vehicle in the even your car is totaled, you should not opt for liability only.

What Determines Ford Taurus Insurance Costs?

Lots of factors are considered when pricing auto insurance. Most are fairly basic like an MVR report, but other factors are more transparent like your continuous coverage or how financially stable you are. Smart consumers have a good feel for some of the factors that are used to determine your insurance rates. If you understand what determines base rates, this empowers consumers to make smart changes that could result in lower rates.

Premiums increase with driving tickets - Your driving citation history has a big impact on rates. Only having one moving violation can increase rates by twenty percent. Attentive drivers have lower premiums than their less careful counterparts. Drivers unfortunate enough to have dangerous violations like DUI, reckless driving or excessive speeding may need to prove financial responsibility with their state's department of motor vehicles in order to keep their license.

The chart below demonstrates how citations and at-fault collisions increase Ford Taurus yearly insurance costs for different insured age categories. The premium estimates are based on a single male driver, full physical damage coverage, $250 deductibles, and no discounts are applied.

Liability preserves assets - Your insurance policy's liability coverage is the protection in the event that you are found to be at fault for physical damage or personal injury to other. It will provide for a legal defense which can cost thousands of dollars. This coverage is very inexpensive as compared to coverage for physical damage, so drivers should buy more than the minimum limits required by law.

Prices can be impacted by your job - Do you work in a high-stress field? Occupations like lawyers, social workers, and stock brokers are shown to have the highest rates in part from high stress levels and long work hours. Other occupations like scientists, engineers and performers pay the least.

Discounts for multiple policies - Most insurers will award better rates to clients who consolidate policies with them in the form of a multi-policy discount. Even if you already get this discount, you still need to check prices from other companies to ensure the best deal. It's possible to still save money by buying from different companies

Raise coverage deductibles and save - Protection for physical damage, aka comp and collision, is used to repair damage to your Ford. Examples of covered claims could be colliding with a building, vandalism, and burglary. The deductibles define the amount you are required to spend out-of-pocket if you file a covered claim. The higher the amount the insured has to pay upfront, the bigger discount you will receive.

Long commutes cost more - The more you drive each year the more you'll pay to insure it. A lot of insurance companies calculate prices based on how the vehicle is used. Autos not used for work or commuting get more affordable rates than those used for commuting. It's always a good idea to double check that your insurance policy is rated on annual mileage. Improper usage on your Taurus may be wasting your money.

Pay lower costs after the wedding - Walking down the aisle can get you a discount on your insurance bill. It may mean you are more responsible it has been statistically shown that drivers who are married file infrequent claims.

Insurance loss probability for a Ford Taurus - Insurers use claims history to help set a rate to offset losses. Models that tend to have higher claim amounts or frequency will have higher rates for specific coverages.

The table below shows the historical insurance loss data for Ford Taurus vehicles. For each policy coverage, the statistical loss for all vehicles, regardless of manufacturer or model, is a value of 100. Numbers that are below 100 suggest a better than average loss history, while numbers above 100 indicate a higher chance of having a claim or larger claims.

Ford Taurus Insurance Loss Statistics
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Ford Taurus 2WD 109 88 134 115 115 101
Ford Taurus 4WD 120 78 141 124
Ford Taurus SHO 4WD 143 96 185 84 103
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years

Insurance agencies near you

Many people would rather go talk to an agent and doing that can be a smart decision Professional agents can point out coverage gaps and give you someone to call. The best thing about comparing rates online is that drivers can save money and get cheap auto insurance rates and still choose a local agent.

Insurance agency in NewarkAfter filling out this quick form, your insurance coverage information is instantly submitted to companies in Newark who will give competitive quotes for your auto insurance coverage. There is no reason to search for any insurance agencies since rate quotes are delivered instantly to you. If you need to quote rates from a specific auto insurance provider, you can always navigate to their website to submit a rate quote request.

Finding the right insurer requires more thought than just the bottom line cost. Here are some questions you should ask.

  • Do they specialize in personal lines auto insurance in Newark?
  • Are they giving you every discount you deserve?
  • Will they give you a referral list?
  • Will the agent or a CSR service your policy?
  • Is the agency covered by Errors and Omissions coverage?
  • Is insurance their full-time profession?

More effort can pay off

Drivers switch companies for a variety of reasons including extreme rates for teen drivers, delays in paying claims, high rates after DUI convictions and policy cancellation. It doesn't matter what your reason, finding the right auto insurance provider can be easy and end up saving you some money.

Lower-priced Ford Taurus insurance in Newark can be bought from both online companies in addition to local insurance agencies, so you should compare both in order to have the best price selection to choose from. Some companies may not have rate quotes online and many times these smaller providers provide coverage only through local independent agents.

When getting Newark car insurance quotes online, you should never sacrifice coverage to reduce premiums. There are many occasions where an insured dropped full coverage only to discover later that the small savings ended up costing them much more. The goal is to get the best coverage possible for the lowest cost while still protecting your assets.

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