Buying cheap insurance for a Ford Escape can be pretty simple, but it relies on lots of different factors such as how long your commute is, the likelihood of your vehicle being stolen, and any driving offenses on your record. Drivers in Nebraska pay approximately $791 annually to insure their Escape, but that price is calculated based on a 30-year-old single male driver with full comprehensive and collision coverage and $500 deductibles.
There’s a high likelihood you may not be 30 years old (or even male), you might be married instead of single, or maybe you need higher liability limits than the state minimum. Even a minor difference in rating criteria or coverage limits can make a large difference in the cost of insuring your Escape.
Not everyone needs the same coverages, so the best way to find affordable rates for your Ford is to just compare rates yourself. Comparing quotes is easy and you will receive price comparisons from some of the best companies that insure Ford vehicles in Nebraska.
The trim level of your Ford will be a contributing factor to the insurance rate, so the price to insure a Escape XLS 2WD trim level will cost $82 less than the price to insure the more expensive Escape Limited 4WD trim level, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Escape XLS 2WD||$188||$258||$334||$20||$100||$900||$75|
|Escape XLS 4WD||$188||$258||$334||$20||$100||$900||$75|
|Escape XLT 2WD||$188||$258||$334||$20||$100||$900||$75|
|Escape Limited 2WD||$214||$258||$334||$20||$100||$926||$77|
|Escape XLT 4WD||$214||$258||$334||$20||$100||$926||$77|
|Escape Limited 4WD||$214||$314||$334||$20||$100||$982||$82|
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Nebraska minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Prices do not factor in vehicle garaging location which can modify premiums substantially.
Figuring out which company has the cheapest insurance rates for a Ford Escape will require more time in order to find the most economical policy. Each auto insurer has their own guidelines to set their prices, so let’s look at the rankings for the insurance companies that tend to be cheaper in Lincoln, NE.
Best Cheap Insurance Rates for Your Escape
|Rank||Company||Cost Per Year|
|5||Farm Bureau Mutual||$990|
|7||Farmers Mutual of Nebraska||$1,009|
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Safeco quotes some of the best car insurance rates in Lincoln at around $780 each year. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual would also make the list of some of the more affordable Lincoln, NE car insurance companies.
As illustrated above, if you are insured with Allied and switched to The Hartford, you could see savings of upwards of $102. Policyholders with Farm Bureau Mutual could save as much as $143 a year, and Nationwide insureds might realize rate reductions of up to $160 a year.
To find out how much you can save, click here to get quotes or quote prices from the following companies.
These prices are averages across all types of drivers and the different vehicles they drive and do not take into consideration a vehicle location for a Ford Escape. So the auto insurance company that is best suited for you may not even be in the top 24 companies shown above. That is why you need to compare prices as often as possible using your own driver information and specific vehicle type.
Liability rates compared to full coverage
Finding the cheapest insurance should be important to the majority of vehicle owners, and an easy way to buy cheaper insurance for a Ford Escape is to not insure for full coverage. The chart below compares yearly insurance costs with full physical damage coverage compared to only buying liability only. The premiums assume no claims or violations, $1,000 deductibles, drivers are not married, and no discounts are applied.
If averaged out across all ages, physical damage insurance costs an additional $1,366 per year more than just buying liability insurance. A very common question is if paying for full coverage is a waste of money. There is no definitive guideline to delete physical damage insurance, but there is a general convention. If the yearly cost of comp and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.
There are some conditions where eliminating full coverage is not a good plan. If you still owe a portion of the original loan, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not drop full coverage.
How to get discounts on Lincoln car insurance
Insurance companies that offer coverage for a Ford Escape could also offer discounts that could lower prices by 35% or more if you can meet the requirements. A list of insurance companies and a selection of discounts include:
- State Farm includes discounts for Drive Safe & Save, safe vehicle, accident-free, driver’s education, multiple policy, student away at school, and anti-theft.
- Liberty Mutual discounts include preferred payment discount, new move discount, teen driver discount, multi-car, and new vehicle discount.
- American Family may have discounts that include air bags, defensive driver, early bird, mySafetyValet, TimeAway discount, and multi-vehicle.
- Progressive has savings for online signing, online quote discount, homeowner, good student, multi-policy, and multi-vehicle.
- Farmers Insurance offers discounts for mature driver, early shopping, electronic funds transfer, homeowner, and alternative fuel.
- Auto-Owners Insurance offers premium reductions for multi-policy, good student, mature driver, group or association, safe driver, paid in full, and paperless.
- SAFECO may include discounts for bundle discounts, anti-lock brakes, anti-theft, safe driver, teen safe driver, and multi-car.
The chart below compares car insurance costs with and without discounts applied to the premium. The premiums are based on a female driver, no claims or violations, Nebraska state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with anti-theft, multiple policy, defensive driving course, safe-driver, accident-free, and vehicle safety discounts applied. When taking advantage of discounts, the average savings per year on insurance for a Ford Escape is 28% or $413.
Here’s why you should shop around
Lincoln insurance rates are impacted by many factors that may substantially change the cost of coverage. Simply improving your credit, buying a different vehicle, or getting into an accident may prompt premium changes that can make some companies more affordable than competitors.
Not only may your situation change, but auto insurance companies file new Nebraska car insurance rates as needed in order to protect their financial rating. An extended period of higher than normal claims may cause increased policy costs, while a better claims history may result in lower-cost Escape insurance rates.
For example, the graph below demonstrates which company has the cheapest car insurance in Lincoln, NE for a 40-year-old female driver with a clean driving record, no accidents, and good financial standing. When comparing rates based on her personal risk profile, Safeco has the most affordable car insurance rates in Lincoln at $812 annually. This is $504 less than the average price paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska round out the rest of the top five cheapest Lincoln, NE auto insurance companies.
The next chart shows rates after we give the driver from the first rate comparison a claim surcharge, a lower credit rating, and a speeding citation. Because every insurance company has a proprietary method for determining rates in each state, analyzing rate quotes may result in a new list of the cheapest companies as shown below.
Nationwide now has the cheapest car insurance in Lincoln with State Farm, American National, General Casualty, and The Hartford completing the list. This illustrates why it is critical to compare as many rates as possible to find the most affordable car insurance rates for a Ford Escape. Insurance rates consist of many things and can decrease or increase without notice, so the cheapest company the last time you checked may now cost much more than other companies.
How to find economical auto insurance for a Ford Escape
Here are a few money-saving ideas that can help Nebraska drivers find low-cost auto insurance.
- Better credit scores save money
- Drive safe vehicles
- Higher physical damage deductibles lower rates
- Do not get traffic tickets
- Drop full coverage on older vehicles
- Accidents can significantly increase rates
- Shop around for lower rates once a year
The last idea is extremely valuable, as we discussed in this article. Insurance prices fluctuate constantly, so don’t be hesitant to buy from a different company if a cheaper price is available. Staying with the same company for years is fine, but it isn’t a good idea if that loyalty ends up costing a considerable chunk of change every month. Take a few minutes and compare rates and find cheaper auto insurance for a Ford Escape in Lincoln.
If you prefer to have some professional guidance when buying car insurance for an Escape, the agents listed below are a good start to answer your questions and help you decide which auto insurance policy fits you best.
To locate a Lincoln car insurance agency near you, click the button link following the list.
Roger McGinnis – State Farm Insurance Agent
6900 O St #105 – Lincoln, NE 68510 – (402) 466-6300
Allstate Insurance: Mitchell Happ
6100 S 58th St e – Lincoln, NE 68516 – (402) 420-5590
John Eshleman – State Farm Insurance Agent
7501 O St #103 – Lincoln, NE 68510 – (402) 483-7578
7800 O St #103 – Lincoln, NE 68510 – (402) 483-1350