Finding the cheapest car insurance for a Ford Escape in Florida relies on many factors such as how old the vehicle is, your residence address, and driving citations. Drivers in Florida will pay on average $1,165 a year to insure their Escape, but that amount is an estimation calculated using a 30-year-old married female driver with full physical damage coverage and $100 deductibles.
It’s more than likely you’re not a 30-year-old female, single instead of married, or maybe you live in a different area as the quoted rates. The different assumptions illustrate why the only real way to find the most affordable coverage for your Ford is to do your own rate comparisons. Price quotes are quick and you can get rates from top-rated companies that sell coverage in Florida.
Vehicle trim level will be a contributing factor to the cost of coverage, so the rate you will pay to insure a Escape XLS 2WD model will cost $158 less than the cost to insure the higher-priced Escape Limited 4WD trim level, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Escape XLS 2WD||$304||$522||$362||$22||$108||$1,318||$110|
|Escape XLS 4WD||$304||$522||$362||$22||$108||$1,318||$110|
|Escape XLT 2WD||$304||$522||$362||$22||$108||$1,318||$110|
|Escape Limited 2WD||$348||$522||$362||$22||$108||$1,362||$114|
|Escape XLT 4WD||$348||$522||$362||$22||$108||$1,362||$114|
|Escape Limited 4WD||$348||$636||$362||$22||$108||$1,476||$123|
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Data variables include married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Premium costs do not factor in zip code location which can lower or raise auto insurance rates substantially.
Finding a good quality car insurance company can be rather challenging considering how many companies provide coverage in Florida. The information in the lists below can help you select which auto insurance companies you want to consider when comparing rate quotes. These ratings are for companies with a nationwide focus, so companies that only write business in Florida or surrounding areas will not be included in the list.
Top 10 Large Auto Insurance Companies in Orlando Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Top 10 Large Auto Insurance Companies in Orlando Ranked by Value
- Mercury Insurance
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century
The chart below shows how different deductible levels can impact insurance costs when researching cheap insurance for a Ford Escape. The information is based on a single male driver, comp and collision included, and no other discounts are factored in.
As shown above, a 30-year-old driver could lower their car insurance rates by $460 a year by switching from a $100 deductible to a $500 deductible, or save $696 by choosing a $1,000 deductible. Even younger insureds, like the Age 20 chart data, can cut as much as $1,354 every year just by choosing larger deductibles.
If you make the decision to raise deductibles, it’s a good idea to have plenty of money set aside to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Don’t make the mistake of not shopping around
Florida auto insurance rates are impacted by many things that can increase the cost of having a policy. Simply having another birthday, buying a different vehicle, or getting a couple of tickets may generate price changes resulting in some rates now being more affordable than the competition.
Also, insurance companies amend pricing at least once a year as an adjustment for underwriting gains or losses. An extended period of higher than normal claims can result in increased policy costs, while profitable underwriting may produce more affordable Escape insurance rates.
The graph below shows a variety of companies that have the cheapest car insurance in Orlando, FL for a 45-year-old female driver with a clean driving record, no accidents, and a high credit rating. If we estimate rates based on her personal profile, USAA may offer the best car insurance rates in Orlando at $1,156 each year. This is $1,292 less than the average price paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Mercury round out the rest of the top five cheapest Orlando, FL auto insurance companies.
Now let’s give the driver in the first example a couple of claims, a lower credit rating, and a blemish on her driving record. Because each insurer uses their own method for filing rates in each state, getting updated rate quotes may now show a different ranking of the cheapest companies as shown below.
USAA now has the best price on car insurance in Orlando with Allied, Esurance, State Farm, and Auto-Owners now being in the top five. This illustrates why it is important to compare lots of rates to find the most budget-friendly auto insurance rates for a Ford Escape.
Rates are influenced by many risk factors and can change without notice, so the most economical option the last time you checked may now be quite expensive.