Buying cheap car insurance for a Ford Escape relies on a whole bunch of factors such as whether you use your Escape for business use, the likelihood of your vehicle being stolen, and any prior driving offenses you have. New Jersey drivers will pay on average $920 a year for Escape insurance, but that is an approximation based upon a 40-year-old married male driver with full coverage and $1,000 deductibles.
But there is a good chance that you are not 40 years old and maybe not even male, maybe you are single instead of married, and maybe you have sub-par credit that needs to be factored in. Each driver’s needs are different, and that demonstrates why the only way to find the cheapest insurance price for your Ford is to do the rate comparisons yourself.
Compare Ford Escape Insurance Rates
Your Ford’s trim level will influence the annual cost of coverage, so the price to insure a Escape XLS 2WD will be $90 less expensive the cost to insure the more expensive Escape Limited 4WD trim level, as shown in the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Escape XLS 2WD | $182 | $298 | $420 | $24 | $126 | $1,050 | $88 |
| Escape XLS 4WD | $182 | $298 | $420 | $24 | $126 | $1,050 | $88 |
| Escape XLT 2WD | $182 | $298 | $420 | $24 | $126 | $1,050 | $88 |
| Escape Limited 2WD | $208 | $298 | $420 | $24 | $126 | $1,076 | $90 |
| Escape XLT 4WD | $208 | $298 | $420 | $24 | $126 | $1,076 | $90 |
| Escape Limited 4WD | $208 | $362 | $420 | $24 | $126 | $1,140 | $95 |
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Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Price estimates do not factor in specific zip code location which can modify rates noticeably.
Ending up with the highest-rated car insurance provider is difficult considering how many different companies there are to choose from in Newark. The information displayed below can help you choose which car insurance providers to look at putting your business with.
The ratings below include large, nationwide insurance companies, so smaller companies are not taken into consideration for the list. To compare price quotes from these companies and more, click this link.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Mercury Insurance | 87 | 96 | 100 | 87% | A+ | 93.4 |
| The Hartford | 88 | 96 | 91 | 93% | A+ | 92.6 |
| Progressive | 84 | 94 | 99 | 90% | A+ | 92.4 |
| Travelers | 84 | 93 | 100 | 87% | A++ | 92.3 |
| State Farm | 84 | 93 | 95 | 87% | A++ | 91 |
| Farmers Insurance | 87 | 92 | 90 | 85% | A | 90.6 |
| Safeco Insurance | 85 | 91 | 87 | 86% | A | 88.4 |
| USAA | 71 | 93 | 98 | 87% | A++ | 88 |
| GEICO | 73 | 93 | 95 | 85% | A++ | 87.1 |
| 21st Century | 85 | 85 | 91 | 89% | A | 86.9 |
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Data Source: Insure.com Best Car Insurance Companies
How accidents and tickets impact rates
One of the best ways to receive cheap auto insurance premiums in Newark for an Escape is to pay attention while driving and not have accidents or get tickets. The example below highlights how traffic violations and at-fault accidents drive up insurance rates for each different age category. The costs are based on a married female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are factored in.
In the previous example, the average cost of auto insurance per year with no violations or accidents is $2,146. Get written up for two speeding tickets and the average cost hikes up to $3,059, an increase of $913 each year. Next add one accident along with the two speeding tickets and the annual cost of auto insurance for a Ford Escape increases to an average of $3,972. That’s an increase of $1,826, or $152 per month, just for not paying attention while driving!
The chart below highlights how deductible choice can influence premium costs when researching cheap insurance for a Ford Escape. The information is based on a married male driver, full coverage, and no discounts are applied to the premium.
The data above shows that a 40-year-old driver could pocket $350 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $530 by using a $1,000 deductible. Even younger insureds, like the Age 20 chart data, could reduce their rates $1,154 annually just by using higher deductibles.
When insureds make the decision to increase the deductibles on their policy, it will be important to have plenty of money set aside to satisfy the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Full coverage versus liability only rates
Saving money on auto insurance is important to most drivers, and one of the best ways to pay less for insurance for a Ford Escape is to only pay for liability coverage. The example below visualizes the comparison of car insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premium estimates are based on no violations or claims, $500 deductibles, drivers are not married, and no discounts are applied.
Averaged out for all age groups, physical damage coverage on your policy costs an additional $2,471 per year more than just buying liability insurance. That proposes the question if paying for full coverage is a waste of money. There is no definitive formula of when to eliminate full coverage, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.
The agents listed below can most likely help you decide which coverages and limits you need, as lots of people like to get some help when buying car insurance for a Ford Escape. It’s not always easy to find the best coverage yourself, so professional agents can give you comfort knowing you have decent coverage if you have a claim.
To locate a Newark car insurance agency by location nearest to you, click the button at the bottom or click here to compare rates now.
- Farmers Insurance: Anthony Pugliese
217 Chestnut St – Newark, NJ 07105 – (973) 536-2060 - Acosta Agency
568 Broadway # B – Newark, NJ 07104 – (973) 482-5898 - Farmers Insurance – Anthony Pugliese
41 Wilson Ave – Newark, NJ 07105 – (973) 732-2105 - Express Insurance
775 Newark Ave – Jersey City, NJ 07306 – (201) 217-1780