Ford Expedition Insurance Rate Quotes in Miami

Really, the only way to quote cheaper Ford Expedition insurance is to regularly compare quotes from different companies who sell auto insurance in Miami.

Step 1: Take a few minutes and learn about how car insurance works and the factors you can control to drop your rates. Many risk factors that result in higher rates such as traffic violations, accidents, and an unacceptable credit history can be eliminated by improving your driving habits or financial responsibility. This article gives additional ideas to find cheap prices and find missing discounts.

Step 2: Request price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from a single company like GEICO and Allstate, while independent agents can provide prices for a wide range of companies.

Step 3: Compare the quotes to your current policy and see if you can save money. If you can save money and make a switch, ensure there is no coverage lapse between policies.

Step 4: Give proper notification to your current agent or company to cancel your current auto insurance policy. Submit the application along with any required down payment for your new policy. Be sure to place the new certificate verifying proof of insurance with the vehicle registration.

A good tip to remember is to use identical limits and deductibles on each quote request and and to get rate quotes from as many different companies as possible. This guarantees the most accurate price comparison and plenty of rates choose from.

It’s hard to fathom, but a large majority of drivers have bought auto insurance from the same company for at least four years, and almost 40% of drivers have never even compared quotes to find cheap rates. Many consumers in Miami could save almost 55% a year just by comparing rates, but they just don’t understand how easy it is to find cheap auto insurance rates.

Learn How to Get Auto Insurance More Affordably

Many different elements are used when you quote your car insurance policy. Some of the criteria are obvious such as your driving record, but others are not as apparent like your vehicle usage or your vehicle rating.

The factors shown below are some of the items utilized by car insurance companies to help set your rate level.

• Age of drivers impacts rates – Youthful drivers in Florida are proven to be more careless behind the wheel so they pay higher auto insurance rates. Parents adding a first-time driver to your auto insurance policy can be very expensive. More experienced drivers are viewed as being more responsible, tend to file fewer claims, and usually have better credit.

  The chart below assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.

• Lower performance equals lower insurance prices – The type of vehicle you need insurance for makes a significant difference in your rates. The lowest performance passenger vehicles generally have the cheapest insurance rates, but other factors influence the final cost greatly.

  The following data assumes a married male driver age 50, full coverage with $1000 deductibles, and no discounts or violations. The chart compares Ford Expedition car insurance rates compared to other makes and models that have different risk factors.

• Vehicle theft costs us all – Driving a car that has a built-in theft deterrent system can help lower your premiums. Anti-theft devices like OnStar, LoJack tracking, and tamper alarms all hinder auto theft and help lower rates.
• Marriage discount – Having a wife or husband may save some money on your auto insurance policy. Having a significant other translates into being less irresponsible and insurance companies reward insureds because drivers who are married file infrequent claims.

• Females pay lower costs – Statistics show that females tend to be a little less risky than males. However, don’t assume that females are better drivers. They both are in accidents in similar numbers, but males have costlier accidents. Not only that, but men also get higher numbers of serious violations such as DWI and reckless driving. Young men ages 16 to 20 are several times more likely to be in an accident and thus pay the highest rates.

  The chart below shows the comparison of Ford Expedition insurance rates for male and female drivers. The rates are based on no driving violations, no at-fault accidents, comprehensive and collision coverage, $250 deductibles, drivers are not married, and no discounts are factored in.

• Too many auto insurance claims drive up prices – Auto insurance companies in Florida provide most affordable rates to policyholders who do not rely on their insurance for small claims. If you are a frequent claim filer, you can look forward to either higher rates or even cancellation. Insurance coverage is meant to be used in the event of claims that you cannot pay yourself.
• Liability protection is important – Your auto insurance policy’s liability coverage will provide protection in the event that you are found liable for damages caused by your negligence. It provides you with a defense in court to defend your case. Liability insurance is pretty cheap compared to comp and collision, so drivers should make sure they buy enough to cover all assets.
• Pay more out-of-pocket – Insurance for physical damage to your car, also known as collision and other-than-collision, protects your Ford from damage. Some examples of covered claims could be collision with another vehicle, flood damage, and damage caused by flying debris. Deductibles for physical damage represent how much money you are required to spend if a claim is determined to be covered. The more the insured has to pay upfront, the lower your rates will be.

• Ford Expedition statistical loss data – Insurance companies analyze the history of losses in order to profitably underwrite each model. Vehicles that have a higher amount or frequency of claims will have increased rates. The table below shows the collected loss data for Ford Expedition vehicles.

  For each coverage category, the statistical loss for all vehicles, as an average, is a value of 100. Numbers shown that are under 100 indicate a favorable loss history, while numbers above 100 point to more claims or an increased likelihood of larger losses.

  
  

  Auto Insurance Loss Data for Ford Expedition Models

  Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Ford Expedition 4dr 2WD	67	88	82	55	45	70
  Ford Expedition 4dr 4WD	70	98	90	54	62	56
  Ford Expedition EL 4dr 2WD	74	104	97	52
  Ford Expedition EL 4dr 4WD	88	96	110	63	60	96

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Analysis of coverages

The information shown next outlines a range of insurance coverage prices for Ford Expedition models. Learning how premiums are figured can help drivers make smart policy decisions.

Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Prices do not factor in specific Miami garaging location which can modify auto insurance rates substantially.

Deductible comparison

One common question asked by Miami drivers is how high should the deductibles for physical damage be. The following tables can help illustrate how much more rates are when you select higher and lower insurance deductibles. The first rate table uses a $100 deductible for comp and collision and the second price table uses a $500 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Premium costs do not factor in specific zip code location which can revise rates substantially.

Using the data above, we can ascertain that using a $100 deductible would cost the average driver about $31 more each month or $372 for a full year than requesting the higher $500 deductible. Since you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you average at a minimum 13 months between claim filings, you would probably save some money if you choose the higher deductible.

Ford Expedition liability rates compared to full coverage

The illustration below illustrates the comparison of Ford Expedition annual premium costs with full coverage and liability only. The information is based on no accidents, no driving violations, $250 deductibles, drivers are not married, and no other discounts are factored in.

Should you pay for full coverage or liability only?

There is no clear-cut rule to eliminate physical damage insurance, but there is a general convention. If the annual cost of coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s say your Ford Expedition claim settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company would pay you is $5,000 after the deductible is paid. If you are paying in excess of $500 a year for full coverage, then it could be time to drop full coverage.

There are some circumstances where only buying liability is not financially feasible. If you still have a lienholder on your title, you have to carry full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not drop full coverage.

Cheaper rates by applying discounts

Companies that sell car insurance don’t list all possible discounts in an easy-to-find place, so below is a list a few of the more well known as well as the least known credits available to you.

• Anti-lock Brake Discount – Cars, trucks, and SUVs with ABS braking systems or traction control can stop better under adverse conditions so companies give up to a 10% discount.
• Senior Discount – Seniors can get reduced rates.
• Employee of Federal Government – Active or retired federal employment may qualify for a discount when you quote Miami auto insurance but check with your company.
• Save with a New Car – Buying coverage on a new vehicle can save up to 30% compared to insuring an older model.
• Home Ownership Discount – Just owning your own home can save you money because of the fact that having a home requires personal responsibility.
• Memberships – Belonging to a professional or civic organization is a good way to get lower rates on auto insurance.
• Theft Deterrent System – Cars equipped with anti-theft or alarm systems prevent vehicle theft and that can save you a little bit as well.
• Telematics Devices – People who choose to allow their company to track where and when they drive remotely like Allstate’s Drivewise might get better premium rates as long as the data is positive.
• Passive Restraint Discount – Vehicles equipped with air bags or motorized seat belts can receive discounts of 20 to 30 percent.

Keep in mind that some credits don’t apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like liability and collision coverage. So when the math indicates all the discounts add up to a free policy, auto insurance companies aren’t that generous.

The diagram below shows the difference between Ford Expedition auto insurance costs with and without discounts being applied to the rates. Data assumes a female driver, no accidents, no driving violations, Florida state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-car, multi-policy, marriage, and claim-free discounts applied.

To see a list of companies that offer some of these discounts in Florida, click here.

Auto insurance savings summarized

When trying to cut insurance costs, do not buy less coverage just to save a little money. In many instances, consumers will sacrifice liability coverage limits only to regret at claim time they didn’t purchase enough coverage. Your goal is to find the BEST coverage at the lowest possible cost and still be able to protect your assets.

Some insurance companies may not have rates over the internet and many times these regional carriers work with independent insurance agents. Budget-conscious Ford Expedition insurance can be purchased from both online companies in addition to local insurance agencies, so compare prices from both in order to have the best price selection to choose from.

Additional auto insurance information can be found on the following sites:

• Understanding Limits and Deductibles (Allstate)
• Who Has the Cheapest Miami Auto Insurance Rates for a Jeep Grand Cherokee? (FAQ)
• What Car Insurance is Cheapest for Lyft Drivers in Miami? (FAQ)
• Who Has the Cheapest Miami Car Insurance Rates for a Honda CR-V? (FAQ)
• Who Has Affordable Auto Insurance for a Nissan Versa in Miami? (FAQ)
• What Auto Insurance is Cheapest for Teenage Females in Miami? (FAQ)
• What Insurance is Cheapest for a Hyundai Elantra in Miami? (FAQ)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)
• All About Airbag Safety (State Farm)
• Rollover Crash FAQ (iihs.org)
• Where can I buy Insurance? (Insurance Information Institute)