How Much Does 2005 Ford Expedition Insurance Cost?

Did you fall for a flashy sales pitch and buy an overpriced insurance coverage policy? Believe me, many consumers are feeling buyer’s remorse and feel like there’s no way out.

With so many insurance providers from which to choose, it’s nearly impossible to locate the most cost effective company.

Save on Ford Expedition insurance

Insurance can be prohibitively expensive, but discounts can save money and there are some available to help offset the cost. Certain discounts will be applied when you get a quote, but a few need to be asked about prior to receiving the credit.

  • Fewer Miles Equal More Savings – Keeping the miles down on your Ford could qualify for lower rates on the low mileage vehicles.
  • Passive Restraints and Air Bags – Factory air bags and/or automatic seat belt systems may earn rate discounts up to 30%.
  • Auto/Life Discount – Companies who offer life insurance give a discount if you purchase auto and life insurance together.
  • Student in College – Kids in college who live away from home without a vehicle on campus can receive lower rates.
  • Homeowners Pay Less – Owning a home may earn you a small savings because maintaining a house demonstrates responsibility.
  • Multiple Vehicles – Having multiple vehicles with the same company may reduce the rate for each vehicle.
  • Organization Discounts – Being a member of a professional or civic organization could qualify you for a break on insurance coverage on Expedition insurance.
  • Employee of Federal Government – Employees or retirees of the government could cut as much as 10% off on Expedition insurance with certain companies.

Consumers should know that most discounts do not apply to all coverage premiums. Most only cut individual premiums such as medical payments or collision. Just because you may think all those discounts means the company will pay you, you won’t be that lucky. But all discounts will help reduce your overall premium however.

Companies that may offer these discounts may include but are not limited to:

Check with each insurance company what discounts are available to you. Discounts might not apply in every state.

Tailor your coverage to you

When it comes to buying coverage for your vehicles, there really is no “best” method to buy coverage. Everyone’s situation is a little different so this has to be addressed. These are some specific questions can help discover whether your personal situation would benefit from an agent’s advice.

  • How high should deductibles be on a 2005 Ford Expedition?
  • Do I need special endorsements for business use of my vehicle?
  • Am I better off with higher deductibles on my 2005 Ford Expedition?
  • What is the rate difference between pleasure use and commuting?
  • Do I need motorclub coverage?
  • Is my teen driver covered when they drive my company car?
  • Can I get a multi-policy discount?

If you’re not sure about those questions, you might consider talking to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies.

Car insurance 101

Having a good grasp of your insurance policy aids in choosing the right coverages and proper limits and deductibles. Policy terminology can be confusing and even agents have difficulty translating policy wording. Below you’ll find typical coverage types offered by insurance companies.

Liability auto insurance – Liability coverage can cover damage that occurs to a person or their property in an accident. It protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Some companies may use a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage protects against things like repair bills for other people’s vehicles, pain and suffering and structural damage. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as high a limit as you can afford.

Collision coverages – This coverage pays for damage to your Expedition from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things like driving through your garage door, scraping a guard rail, crashing into a building, backing into a parked car and sideswiping another vehicle. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Another option is to raise the deductible to save money on collision insurance.

Comprehensive coverage – Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as damage from getting keyed, damage from flooding and a tree branch falling on your vehicle. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage provides protection when the “other guys” do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Ford Expedition.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time these limits are set the same as your liablity limits.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP kick in for short-term medical expenses like pain medications, rehabilitation expenses, surgery and doctor visits. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. They cover all vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

What is YOUR best insurance company?

Cheap 2005 Ford Expedition insurance is attainable online as well as from independent agents, and you should compare price quotes from both to get a complete price analysis. Some insurance companies don’t offer you the ability to get quotes online and many times these regional insurance providers only sell through independent insurance agents.

When shopping online for insurance coverage, make sure you don’t buy less coverage just to save a little money. In many instances, drivers have reduced full coverage only to discover later that the savings was not a smart move. Your strategy should be to purchase plenty of coverage at a price you can afford while still protecting your assets.

Additional articles