Looking for cheaper car insurance rates for your Ford Taurus? No one in their right mind looks forward to paying for car insurance, in particular when their premiums are through the roof.
There are many insurance companies to buy insurance from, and even though it’s nice to have a choice, it makes it harder to compare rates and find the lowest cost car insurance.
The cost of insuring your cars can be expensive, but there could be available discounts to reduce the price significantly. Some trigger automatically when you complete an application, but lesser-known reductions have to be specially asked for prior to receiving the credit.
As a disclaimer on discounts, most of the big mark downs will not be given to your bottom line cost. A few only apply to individual premiums such as physical damage coverage or medical payments. So despite the fact that it appears you would end up receiving a 100% discount, auto insurance companies aren’t that generous. But all discounts will cut your premiums.
To see a list of insurance companies who offer auto insurance discounts, click this link.
When it comes to buying proper insurance coverage, there is no “best” method to buy coverage. Your needs are not the same as everyone else’s so your insurance should reflect that Here are some questions about coverages that could help you determine whether or not you would benefit from professional advice.
If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.
Having a good grasp of auto insurance can be of help when determining the best coverages for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Shown next are typical coverage types found on the average auto insurance policy.
Liability auto insurance
This will cover damages or injuries you inflict on a person or their property that is your fault. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 25/50/25 which means a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.
Liability coverage pays for things such as repair bills for other people’s vehicles, emergency aid and bail bonds. How much liability coverage do you need? That is your choice, but buy as large an amount as possible.
Collision coverage protection
Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage pays for claims such as hitting a parking meter, colliding with another moving vehicle and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Another option is to bump up the deductible to save money on collision insurance.
Medical expense insurance
Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses like prosthetic devices, surgery, ambulance fees and EMT expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage
Protection from uninsured/underinsured drivers
Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your 2012 Ford Taurus.
Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Most of the time the UM/UIM limits are set the same as your liablity limits.
Comprehensive (Other than Collision)
This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against claims such as rock chips in glass, hail damage, damage from getting keyed and a tree branch falling on your vehicle. The maximum amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.
We’ve covered some good ideas how you can compare 2012 Ford Taurus insurance prices online. The key thing to remember is the more companies you get rates for, the higher the chance of saving money. Consumers may even find the biggest savings come from a small mutual company. These companies may cover specific market segments cheaper than the large multi-state companies such as Allstate, GEICO and Progressive.
As you prepare to switch companies, you should never sacrifice coverage to reduce premiums. There are a lot of situations where an accident victim reduced physical damage coverage and discovered at claim time that their decision to reduce coverage ended up costing them more. Your focus should be to buy a smart amount of coverage at an affordable rate.