Best Ford Escape Insurance in Newark

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Ford Escape insurance cost
Ford Escape insurance cost image courtesy of QuoteInspector.com

Insurance for Ford EscapeTo save the most money, the best way to get the cheapest Ford Escape insurance is to start doing a yearly price comparison from providers in Newark.

  1. Spend some time learning about the different coverages in a policy and the things you can control to keep rates low. Many risk factors that are responsible for high rates like getting speeding tickets and an unacceptable credit rating can be remedied by paying attention to minor details. Later in this article we will cover additional ideas to help prevent high rates and get additional discounts that may be available.
  2. Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can provide rates from one company like GEICO or Farmers Insurance, while independent agents can quote prices for a wide range of companies.
  3. Compare the quotes to your existing policy and determine if cheaper Escape coverage is available in Newark. If you find a lower rate and decide to switch, ensure there is no coverage lapse between policies.

One bit of advice is to try to compare the same coverage limits and deductibles on each quote request and and to get rate quotes from as many car insurance companies as possible. This ensures the most accurate price comparison and a thorough selection of prices.

Sadly, the vast majority of consumers kept their policy with the same company for more than four years, and 38% of customers have never even shopped around for affordable coverage. New Jersey drivers could pocket about $720 a year, but they just don't want to compare other rate quotes.

Finding a lower price on insurance is not a difficult process. The only thing you need to do is spend a few minutes on the computer getting comparison quotes to see which company has affordable Ford Escape insurance quotes.

The companies in the list below can provide free rate quotes in New Jersey. If your goal is to find cheap auto insurance in Newark, we suggest you visit two to three different companies in order to get a fair rate comparison.

Car insurance is not optional in New Jersey

Even though it can be expensive, paying for car insurance is mandatory in New Jersey but it also protects more than you think.

  • The majority of states have compulsory liability insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability in order to get the vehicle licensed. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
  • If you bought your Ford Escape with a loan, almost all lenders will make it a condition of the loan that you have physical damage coverage to guarantee their interest in the vehicle. If you default on your policy, the bank will be required to insure your Ford at a more expensive rate and force you to pay the higher price.
  • Insurance protects both your assets and your vehicle. It will also provide coverage for medical bills for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, will also pay to defend you if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, your car insurance policy will pay all costs to repair after the deductible has been paid.

The benefits of having insurance more than cancel out the cost, especially for larger claims. But the average American driver is currently overpaying as much as $830 a year so it's very important to do a rate comparison at every renewal to help ensure money is not being wasted.

Coverage statistics and figures

The rate information shown below highlights different insurance prices for Ford Escape models. Having a good understanding how auto insurance premiums are determined can benefit drivers when making smart choices when selecting a policy.

Ford Escape Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $172 $334 $462 $28 $138 $1,134 $95
Escape XLS 4WD $172 $334 $462 $28 $138 $1,134 $95
Escape XLT 2WD $172 $334 $462 $28 $138 $1,134 $95
Escape Limited 2WD $198 $334 $462 $28 $138 $1,160 $97
Escape XLT 4WD $198 $334 $462 $28 $138 $1,160 $97
Escape Limited 4WD $198 $406 $462 $28 $138 $1,232 $103
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Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Premium amounts do not factor in garaging location in Newark which can lower or raise prices substantially.

Deductible comparison

When shopping for auto insurance, a common question is where should you set your physical damage deductibles. The premium rates below approximate how much more rates are of buying low and high policy deductibles. The first rate comparisons uses a $250 comprehensive and collision deductible and the second price table uses a $1,000 deductible.

Ford Escape insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $324 $514 $408 $24 $122 $1,417 $118
Escape XLS 4WD $324 $514 $408 $24 $122 $1,417 $118
Escape XLT 2WD $324 $514 $408 $24 $122 $1,417 $118
Escape Limited 2WD $372 $514 $408 $24 $122 $1,465 $122
Escape XLT 4WD $372 $514 $408 $24 $122 $1,465 $122
Escape Limited 4WD $372 $626 $408 $24 $122 $1,577 $131
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Ford Escape insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $200 $324 $408 $24 $122 $1,078 $90
Escape XLS 4WD $200 $324 $408 $24 $122 $1,078 $90
Escape XLT 2WD $200 $324 $408 $24 $122 $1,078 $90
Escape Limited 2WD $230 $324 $408 $24 $122 $1,108 $92
Escape XLT 4WD $230 $324 $408 $24 $122 $1,108 $92
Escape Limited 4WD $230 $394 $408 $24 $122 $1,178 $98
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Estimates do not factor in the specific area where the vehicle is garaged which can impact insurance rates considerably.

Based on these figures, using a $250 deductible costs about $30 more each month or $360 a year averaged for all Escape models than opting for the higher $1,000 deductible. Because you would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go at least 25 months between claims, you would save more money if you choose the higher deductible.

Calculate deductible break even point

Average monthly premium for $250 deductibles: $122
Average monthly premium for $1,000 deductibles (subtract): - $92
Monthly savings from raising deductible: $30
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $30
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 25 months

How accidents and violations affect rates

The chart below shows how speeding tickets and accident claims can raise Ford Escape auto insurance costs for different age categories. The premiums are based on a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no additional discounts are factored in.

Score discounts on Newark car insurance

Some insurers don't always publicize all their discounts very clearly, so the below list has some of the best known and also the more inconspicuous discounts you could be receiving when you buy Newark auto insurance online.Car insurance discounts

  • Seat Belt Discounts - Using a seat belt and requiring all passengers to buckle their seat belts could save 15% on the medical payments or PIP coverage costs.
  • Sign Online - Some of the larger companies provide a small discount for completing your application on the web.
  • Early Signing - Some insurance companies reward drivers for switching to them prior to your current Escape insurance policy expiration. The savings is around 10%.
  • Good Students Pay Less - Getting good grades may save you up to 25%. You can use this discount normally well after school through age 25.
  • ABS Brakes - Cars, trucks, and SUVs equipped with ABS or steering control have fewer accidents and qualify for as much as a 10% discount.
  • Active Service Discounts - Being on active duty in the military may lower your car insurance rates slightly.
  • Organization Discounts - Affiliation with a civic or occupational organization in Newark is a good way to get lower rates on your bill.
  • Discounts for Multiple Vehicles - Buying insurance for more than one vehicle with the same company can get a discount for every vehicle.

Don't be shocked that most of the big mark downs will not be given to the overall cost of the policy. Some only apply to individual premiums such as comp or med pay. If you do the math and it seems like you could get a free car insurance policy, you aren't that lucky.

The example below visualizes the comparison of Ford Escape yearly insurance costs with and without discounts applied to the policy rates. The costs are based on a female driver, no claims, a clean driving record, New Jersey state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, safe-driver, multi-policy, claim-free, and marriage discounts applied.

A few of the larger companies and their offered discounts are shown below.

  • AAA has discounts for anti-theft, good driver, pay-in-full, good student, education and occupation, and AAA membership discount.
  • Progressive offers discounts including homeowner, online quote discount, continuous coverage, online signing, multi-policy, and good student.
  • State Farm offers discounts for multiple policy, anti-theft, safe vehicle, student away at school, and Steer Clear safe driver discount.
  • Esurance discounts include Switch & Save, claim free, safety device, multi-policy, multi-car, and homeowner.
  • Nationwide includes discounts for family plan, good student, easy pay, anti-theft, defensive driving, and accident-free.

Before buying, ask every company which discounts you may be entitled to. Some of the discounts discussed earlier may not be available in Newark. To see insurers that offer multiple discounts in New Jersey, click here.

Car insurance agents can help

Many people would rather get professional advice from a licensed agent and there is nothing wrong with that. Good agents are highly skilled in risk management and give you someone to call. One of the great benefits of comparing car insurance online is the fact that you can find cheap car insurance rates and still have an agent to talk to.

To make it easy to find an agent, after completing this form (opens in new window), the quote information is instantly submitted to local insurance agents in Newark that can give you free Newark auto insurance quotes and help you find cheaper coverage. You won't need to contact any agents because prices are sent directly to you. If you want to quote rates for a specific company, you can always navigate to their website and give them your coverage information.

Selecting an provider should depend on more than just a low price. Ask your prospective agent these questions:

  • Are they primarily personal or commercial lines agents in Newark?
  • Where are claims handled?
  • How many years have they been established?
  • Is their price quote a firm figure or are their hidden costs?
  • What are the financial ratings for the companies they represent?
  • How experienced are they in personal risk management?
  • Will one accident increase rates?
  • Are they properly licensed to sell insurance in New Jersey?

Which policy gives me the best coverage?

When buying your policy, there isn't really a best way to insure your cars. Your financial needs are unique.Auto insurance savings

These are some specific questions could help you determine if your situation will benefit from professional help.

  • Can I afford to buy a different vehicle if my Ford Escape is totaled?
  • How can I get high-risk coverage after a DUI?
  • Are rock-chip repairs free?
  • Do I need more liability coverage?
  • What does roadside assistance cover?
  • Does my Ford Escape need full coverage?

If you can't answer these questions but a few of them apply then you might want to talk to an agent. To find lower rates from a local agent, simply complete this short form. It is quick, free and can help protect your family.

Best auto insurance company in Newark

Finding the highest-rated auto insurance company is difficult considering how many companies sell coverage in New Jersey. The company information displayed below could help you analyze which car insurance companies to look at purchasing from.

Top 10 Newark Car Insurance Companies Overall

  1. Mercury Insurance
  2. The Hartford
  3. Progressive
  4. Travelers
  5. State Farm
  6. Farmers Insurance
  7. Safeco Insurance
  8. USAA
  9. GEICO
  10. 21st Century

Coverages available on your policy

Having a good grasp of a car insurance policy helps when choosing which coverages you need for your vehicles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording.

Uninsured or underinsured coverage - Your UM/UIM coverage provides protection when other motorists are uninsured or don't have enough coverage. Covered claims include injuries sustained by your vehicle's occupants and also any damage incurred to your Ford Escape.

Because many people carry very low liability coverage limits (New Jersey limits are 15/30/5), their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Medical expense coverage - Med pay and PIP coverage reimburse you for bills like dental work, rehabilitation expenses, pain medications, prosthetic devices and X-ray expenses. They are used to fill the gap from your health insurance plan or if there is no health insurance coverage. It covers both the driver and occupants as well as if you are hit as a while walking down the street. PIP is not an option in every state and gives slightly broader coverage than med pay

Liability auto insurance - Liability coverage provides protection from damages or injuries you inflict on people or other property by causing an accident. This coverage protects you from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 15/30/5 that translate to a $15,000 limit per person for injuries, a limit of $30,000 in injury protection per accident, and $5,000 of coverage for damaged property.

Liability can pay for things like medical expenses, pain and suffering, emergency aid, court costs and bail bonds. How much liability coverage do you need? That is your choice, but you should buy as large an amount as possible. New Jersey state law requires minimum liability limits of 15/30/5 but it's recommended drivers buy higher limits.

The next chart shows why the minimum limit may not be enough coverage.

Collision coverage - This will pay to fix damage to your Escape resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as sustaining damage from a pot hole, colliding with another moving vehicle, crashing into a ditch, damaging your car on a curb and crashing into a building. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. You can also bump up the deductible on your Escape to get cheaper collision coverage.

Comprehensive protection - This pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like a tree branch falling on your vehicle, damage from a tornado or hurricane and rock chips in glass. The maximum amount your car insurance company will pay is the actual cash value, so if the vehicle's value is low it's not worth carrying full coverage.

Cheaper car insurance rates are out there

Throughout this article, we presented a lot of tips how to save on Ford Escape insurance in Newark. It's most important to understand that the more times you quote, the higher the chance of saving money. You may even find the best auto insurance rates are with a company that doesn't do a lot of advertising.

Drivers leave their current company for many reasons like denial of a claim, being labeled a high risk driver, policy cancellation or even high rates after DUI convictions. Regardless of your reason, switching companies is not as hard as you think.

The cheapest Ford Escape insurance in Newark is definitely available both online and also from your neighborhood Newark agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some car insurance companies don't offer online price quotes and these regional carriers sell through independent insurance agents.

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