2001 Ford Expedition Insurance Cost

Looking for cheaper car insurance rates for your Ford Expedition? I can’t think of anyone who enjoys paying for car insurance, especially knowing their premiums are through the roof. You have multiple auto insurance companies to purchase coverage from, and even though it’s nice to have a choice, so many choices can make it hard to find a good deal.

It’s a good habit to compare rates before your policy renews since rates are adjusted regularly by insurance companies. Just because you had the lowest price for Expedition insurance last year other companies may now be cheaper. Starting now, forget anything you know (or think you know) about car insurance because we’re going to show you the best way to reduce your cost while increasing coverage.

Auto Insurance Comparisons

Lowering your 2001 Ford Expedition auto insurance rates doesn’t have to be difficult. You just need to spend a few minutes comparing price quotes from different insurance companies. This can be accomplished in several different ways.

  1. The easiest and least time consuming way to find low rates is a comparison rater form click here to open form in new window. This method eliminates the need for repetitive form entry for each company. A single, simple form will get you rate comparisons from all major companies.
  2. A slightly less efficient method to find lower rates is to take the time to go to each company website and fill out their own quote form. For sake of this example, we’ll assume you want rates from Allstate, Progressive and GEICO. To get each rate you have to take the time to go to each site and enter your policy data, and that’s why the first method is more popular.

    For a handy list of car insurance company links in your area, click here.

  3. The hardest method of getting rate comparisons is to spend your day driving to local insurance agencies. Shopping for auto insurance online eliminates the need for an insurance agent unless you want the professional guidance of a local agent. Drivers can comparison shop your insurance online and get advice from an agent in your area and you’ll learn how to do that later.

Whichever method you choose, be sure to compare identical information on every quote you get. If your comparisons have higher or lower deductibles it will be impossible to find the best deal for your Ford Expedition.

Can you really save that much by switching?

Consumers constantly see and hear ads for car insurance savings by Progressive, Allstate and GEICO. All the companies have a common claim of big savings after switching to their company.

How does each company make the same claim? This is how they do it.

All companies can use profiling for the right customer that is profitable for them. An example of a desirable insured might be a mature driver, has no tickets, and drives less than 7,500 miles a year. Any driver that hits that “sweet spot” will get very good rates and as a result will probably cut their rates substantially.

Potential insureds who are not a match for these standards will be quoted a more expensive rate which usually ends up with business going elsewhere. Company advertisements say “drivers who switch” not “everyone that quotes” save that much money. That’s why insurance companies can confidently make those claims. This emphasizes why it’s extremely important to get as many comparisons as possible. It is impossible to predict which insurance company will provide you with the cheapest Ford Expedition insurance rates.

Ford Expedition insurance premiums are calculated by many factors

Consumers need to have an understanding of some of the elements that help determine your insurance coverage rates. Knowing what determines base rates empowers consumers to make smart changes that will entitle you to much lower annual insurance costs.

  • Pay less if you’re married – Being married helps lower the price on your policy. It is viewed as being more responsible it has been statistically shown that being married results in fewer claims.
  • Careful drivers pay lower rates – Your driving record impacts your car insurance rates tremendously. Even a single ticket can increase rates by twenty percent. Good drivers tend to pay less for car insurance compared to drivers with tickets. Drivers who get flagrant violations such as DWI, reckless driving or hit and run convictions may be required to file a proof of financial responsibility form (SR-22) with their state DMV in order to keep their license.
  • Your age impacts your rates – Mature drivers tend to be more responsible, tend to file fewer claims and receive fewer citations. Teen drivers are statistically proven to be more careless in a vehicle and because of this, their insurance coverage rates are much higher.
  • More than one policy can earn a discount – Most insurers will award you with lower prices to policyholders who buy several policies from them, otherwise known as a multi-policy discount. Even with this discount, you may still want to comparison shop to ensure the best deal. You may still be able to find a better deal by splitting coverages up.
  • How credit affects insurance coverage rates – A driver’s credit history is a huge factor in calculating your insurance coverage rates. So if your credit is not that good, you could be paying less to insure your 2001 Ford Expedition by spending a little time repairing your credit. Drivers with high credit ratings tend to file fewer claims and have better driving records than drivers who have lower credit scores.
  • Liability coverage protects you – Your policy’s liability coverage is the protection in the event that you are found to be at fault for damages from an accident. Liability insurance provides you with a defense in court up to the limits shown on your policy. Liability is cheap as compared to coverage for physical damage, so do not cut corners here.

More discounts equal less premium

Companies don’t always list all their discounts in an easy-to-find place, so we took the time to find both the well known and also the lesser-known discounts you could be receiving. If they aren’t giving you every credit you deserve, you’re just leaving money on the table.

  • Early Switch Discount – Some insurance companies reward drivers for switching to them prior to your current policy expiring. It’s a savings of about 10%.
  • Organization Discounts – Belonging to a qualifying organization could qualify you for a break when buying insurance for Expedition insurance.
  • Air Bag Discount – Vehicles with factory air bags or motorized seat belts may earn rate discounts of 20% or more.
  • Life Insurance – Some companies give lower rates if you buy auto and life insurance together.
  • Defensive Driver – Taking part in a defensive driving course could save 5% or more if you qualify.
  • Discount for Good Grades – A discount for being a good student can get you a discount of up to 25%. The discount lasts up to age 25.
  • Theft Prevention System – Cars that have factory anti-theft systems help deter theft and will save you 10% or more.
  • Senior Citizens – Older drivers may be able to get better insurance rates for Expedition insurance.

As a disclaimer on discounts, most credits do not apply to the entire policy premium. A few only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So despite the fact that it appears you would end up receiving a 100% discount, you’re out of luck.

For a list of insurers offering insurance discounts, click here.

It’s not one size fits all

When it comes to buying the best car insurance coverage, there is no “perfect” insurance plan. Your needs are not the same as everyone else’s so your insurance should reflect that For instance, these questions might help in determining if you may require specific advice.

  • Do I need special endorsements for business use of my vehicle?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Is my ex-spouse still covered by my policy?
  • When does my teenage driver need to be added to my policy?
  • If my 2001 Ford Expedition is totaled, can I afford another vehicle?
  • Is a new car covered when I drive it off the dealer lot?
  • Do all my vehicles need collision coverage?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies. It only takes a few minutes and you can get the answers you need.

Specific coverages for a 2001 Ford Expedition

Understanding the coverages of car insurance helps when choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. These are the normal coverages found on the average car insurance policy.

Comprehensive insurance – Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims such as rock chips in glass, a broken windshield and a tree branch falling on your vehicle. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP reimburse you for bills such as nursing services, prosthetic devices and dental work. They are often used in conjunction with a health insurance program or if you do not have health coverage. It covers all vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Collision – This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for things such as colliding with a tree, sideswiping another vehicle, colliding with another moving vehicle and driving through your garage door. This coverage can be expensive, so you might think about dropping it from vehicles that are older. It’s also possible to increase the deductible to get cheaper collision coverage.

Auto liability insurance – Liability coverage can cover injuries or damage you cause to a person or their property by causing an accident. It protects you against claims from other people. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability can pay for claims such as attorney fees, bail bonds, medical expenses and court costs. The amount of liability coverage you purchase is your choice, but you should buy as much as you can afford.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.

In Summary

As you prepare to switch companies, do not skimp on coverage in order to save money. There are too many instances where an insured cut physical damage coverage only to discover later that the small savings ended up costing them much more. Your strategy should be to buy enough coverage at a price you can afford.

We’ve covered many ideas to save on 2001 Ford Expedition insurance. The most important thing to understand is the more quotes you get, the more likely it is that you will get a better rate. Drivers may discover the lowest priced insurance coverage comes from a lesser-known regional company. These companies may often insure only within specific states and give getter rates than their larger competitors like State Farm or Progressive.

Lower-priced insurance is possible on the web as well as from independent agents, and you should compare price quotes from both to have the best rate selection. A few companies don’t offer online quoting and these small, regional companies work with independent agents.

For more information, link through to the resources below: