Ford Taurus insurance image courtesy of QuoteInspector.com
It's well known that insurance companies don't want customers comparing rates. Consumers who get comparison quotes at least once a year are likely to switch companies because the odds are good of finding a lower-cost company. Remarkably, a study showed that consumers who compared price quotes annually saved about $860 a year compared to those who don't make a habit of comparing rates.
If finding budget-friendly Ford Taurus insurance in Jacksonville is your ultimate objective, then having some knowledge of the best ways to find and compare coverage rates can help you succeed in saving money.
If you want to find the absolute lowest rates, then the best way to find the cheapest price for Ford Taurus insurance is to compare prices regularly from providers who sell insurance in Jacksonville. This can be done by following these steps.
Step 1: Learn about policy coverages and the measures you can take to prevent expensive coverage. Many factors that result in higher prices such as traffic citations, accidents, and a less-than-favorable credit history can be rectified by making minor changes in your lifestyle. Keep reading for instructions to keep prices down and find discounts that you may qualify for.
Step 2: Request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give prices from a single company like GEICO or Farmers Insurance, while independent agencies can quote prices for a wide range of insurance providers. Compare rates
Step 3: Compare the quotes to your existing rates to determine if you can save on Taurus insurance in Jacksonville. If you find a better price and decide to switch, make sure coverage does not lapse between policies.
Step 4: Tell your current company of your intention to cancel your existing policy. Submit a completed policy application and payment for your new coverage. Don't forget to put the certificate verifying coverage in your glove compartment.
A good piece of advice is to make sure you're comparing identical coverages on every quote and and to compare as many different insurance providers as possible. This provides the most accurate price comparison and a complete rate analysis.
Quoting and buying the best car insurance policy in Jacksonville can be fairly easy. In essence, every driver who quotes car insurance stands a good chance to be able to find better rates. But Florida consumers must comprehend the methods companies use to determine what you pay because it can help you find the best coverage.
Just remember that comparing all the rates in your area helps increase your odds of locating more affordable rates. Some companies don't provide Jacksonville Taurus insurance quotes over the internet, so it's necessary to compare price quotes from the smaller companies as well.
The car insurance companies shown below provide price comparisons in Florida. If the list has multiple companies, we recommend you compare several of them in order to get a fair rate comparison.
Coverage statistics and figures
The premium information displayed next outlines estimates of prices for Ford Taurus models. Having a good understanding how insurance prices are established can be of help when making smart buying decisions.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Taurus SEL AWD||$242||$394||$426||$26||$128||$1,216||$101|
|Taurus Limited AWD||$242||$454||$426||$26||$128||$1,276||$106|
|Taurus SHO AWD||$268||$454||$426||$26||$128||$1,302||$109|
|Get Your Own Custom Quote Go|
Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Premium costs do not factor in vehicle garaging location which can affect price quotes substantially.
The chart below shows how choosing a deductible and can raise or lower Ford Taurus insurance premiums for each age group. The premiums are based on a married male driver, comp and collision included, and no additional discounts are factored in.
Full coverage versus liability only rates
The diagram below visualizes the comparison of Ford Taurus insurance rates when comparing full coverage to liability only. The costs are based on no accidents or driving violations, $500 deductibles, drivers are not married, and no discounts are applied to the premium.
When to drop comprehensive and collision coverage
There is no clear-cut formula for phasing out full coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then it might be time to buy liability only.
For example, let's pretend your Ford Taurus settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $7,000 after paying your policy deductible. If you are paying over $700 a year for your policy with full coverage, then it might be time to buy liability only.
There are some cases where dropping physical damage coverage is not in your best interest. If you still have a loan on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should maintain full coverage.
Best reasons to buy auto insurance in Florida
Even though Jacksonville Taurus insurance rates can get expensive, paying for auto insurance is required by state law in Florida and it also provides benefits you may not be aware of.
First, most states have compulsory liability insurance requirements which means you are required to carry a minimum amount of liability in order to get the vehicle licensed. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you have a lien on your Taurus, almost all lenders will require that you buy insurance to guarantee their interest in the vehicle. If coverage lapses or is canceled, the lender will be forced to insure your Ford at a significantly higher premium and require you to reimburse them the higher price.
Third, insurance safeguards both your vehicle and your personal assets. Insurance will also pay for all forms of medical expenses for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, will also pay to defend you if someone files suit against you as the result of an accident. If your Ford gets damaged, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of buying auto insurance are definitely more than the cost, especially for larger claims. On average, a vehicle owner in Jacksonville overpays more than $865 each year so it's important to compare rates once a year at a minimum to ensure rates are inline.
Lower Your Jacksonville Insurance Premiums
Smart consumers have a good feel for the different types of things that help determine your car insurance rates. When you know what positively or negatively positively or negatively impacts your premiums, this empowers consumers to make smart changes that could result in cheaper rates.
The itemized list below are a few of the things car insurance companies consider when setting prices.
Bump up coverage deductibles to lower rates - Physical damage deductibles define the amount you are willing to pay before your car insurance pays a claim. Physical damage insurance, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Some examples of claims that would be covered are collision with another vehicle, hail damage, or theft of your vehicle. The more expense the insured is willing to pay, the better rate you will receive.
Liability insurance risk factors - A critical coverage on your policy, liability insurance kicks in when you are responsible for damages caused by your negligence. Liability insurance provides you with a defense in court which can cost thousands of dollars. Liability insurance is quite affordable compared to insuring for physical damage coverage, so insureds should have plenty of protection for their assets.
Safer cars cost less to insure - Cars with five star safety ratings tend to have lower insurance rates. Vehicles built for safety help reduce the chance of injuries in an accident and reduced instances of injuries translates into fewer and smaller insurance claims which can result in lower premiums.
Careless driving leads to higher rates - Even a single speeding ticket can bump up the cost by as much as twenty percent. Drivers with clean records pay lower auto insurance prices than their less careful counterparts. Drivers unfortunate enough to have license-revoking violations such as DUI, reckless driving or excessive speeding may need to maintain a SR-22 with their state motor vehicle department in order to prevent their license from being revoked.
The example below illustrates how traffic citations and fender-benders can drive up Ford Taurus insurance premiums for each age group. The prices are based on a single male driver, comp and collision included, $500 deductibles, and no other discounts are factored in.
Ford Taurus historical loss data - Insurance companies use data from past claims as a tool for profitable underwriting. Models that are shown to have increased claim numbers or amounts will have increased rates. The next table shows the historical loss data for Ford Taurus vehicles.
For each policy coverage type, the claim amount for all vehicles, regardless of make, model or trim level, is represented as 100. Percentage values below 100 suggest a better than average loss history, while values that are above 100 show a trend for more claims or larger claims.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Ford Taurus 2WD||109||88||134||115||115||101|
|Ford Taurus 4WD||120||78||141||124|
|Ford Taurus SHO 4WD||143||96||185||84||103|
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Save money by taking advantage of discounts
Companies offering auto insurance do not advertise all available discounts in an easy-to-find place, so the next list breaks down some of the more common and also the lesser-known discounts that you may qualify for. If you do not double check each discount you qualify for, you are paying more than you should be.
- E-sign Discounts - A handful of insurance companies will give you a small discount simply for signing on their website.
- Theft Prevention System - Vehicles that have factory alarm systems and tracking devices are stolen less frequently and therefore earn up to a 10% discount.
- Seat Belts Save - Drivers who always wear seat belts and also require passengers to fasten their seat belts could cut 10% or more off the PIP or medical payment premium.
- Claim-Free Discount - Drivers with accident-free driving histories are rewarded with significantly better rates on Jacksonville auto insurance quote when compared to insureds who have frequent claims or accidents.
- ABS and Traction Control Discounts - Cars, trucks, and SUVs with anti-lock braking systems prevent accidents and therefore earn up to a 10% discount.
- Waiver for an Accident - Not really a discount, but companies like Liberty Mutual, GEICO and Allstate permit an accident without the usual rate increase as long as you don't have any claims before the accident.
- Discounts for Multiple Vehicles - Buying coverage for multiple cars on one policy can get a discount on all vehicles.
- Policy Bundle Discount - When you combine your auto and homeowners insurance and place coverage with the same company you may earn approximately 10% to 15%.
Don't be shocked that most discounts do not apply to your bottom line cost. Some only apply to specific coverage prices like collision or personal injury protection. If you do the math and it seems like all those discounts means the company will pay you, that's just not realistic.
The information below shows the comparison of Ford Taurus car insurance costs with and without discounts applied to the rates. The prices are based on a female driver, no claims or 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 multi-car, marriage, safe-driver, multi-policy, claim-free, and homeowner discounts applied.
To choose companies who offer insurance discounts in Jacksonville, click here to view.
Car insurance agents near you
Many people would rather buy from a local agent and that is a smart decision The biggest benefit of comparing insurance prices online is you can get the best rates and also buy local. And providing support for neighborhood agents is still important in Jacksonville.
Upon completion of this form (opens in new window), your information is immediately sent to insurance agents in Jacksonville that give free quotes for your coverage. It makes it easy because there is no need to find an agent on your own since price quotes are sent to you. It's the lowest rates without requiring a lot of work. If you want to quote rates for a specific company, you just need to go to their quote page and fill out the quote form the provide.
Best car insurance agent in Jacksonville
If you want to use a reputable agency, it can be helpful to understand the types of insurance agents and how they can write your policy. Insurance policy providers are either exclusive or independent agents depending on their company appointments.
Independent Insurance Agents
These type of agents often have many company appointments so they can insure your vehicles through lots of different companies and find the cheapest rate. If they find a cheaper price, the business is moved internally and you can keep the same agent.
If you are comparing insurance prices, you absolutely need to compare quotes from several independent agencies in order to compare the most rates. Most have the option of insuring with smaller regional carriers that can offer cheaper rates than bigger companies.
Listed below is a partial list of independent agencies in Jacksonville who can help you get comparison quotes.
- Rumlin Insurance Agency
5600 New Kings Rd #4 - Jacksonville, FL 32209 - (904) 770-4456 - View Map
- Jim White Insurance Agency
1840 Dunn Ave #6 - Jacksonville, FL 32218 - (904) 751-2222 - View Map
- Erwin Insurance, LLC
841 Prudential Drive, 12th Floor - Jacksonville, FL 32207 - (904) 764-7531 - View Map
Exclusive agencies can only place business with one company and some examples include Allstate, State Farm and Farmers Insurance. These agents are unable to give you multiple price quotes so if the price isn't competitive there isn't much they can do. Exclusive agents receive a lot of sales training on their products and sales techniques and that enables them to sell even at higher rates. Some consumers prefer to purchase coverage from exclusives primarily because of the prominent brand name and the convenience of having a single billing for all their coverages.
The following are Jacksonville exclusive insurance agencies who can help you get rate quotes.
- Bill Doyle - State Farm Insurance Agent
11555 Central Pkwy #904 - Jacksonville, FL 32224 - (904) 642-4000 - View Map
- Allstate Insurance, John Crowell Agency
9700 Philips Hwy #109 - Jacksonville, FL 32256 - (904) 538-9440 - View Map
- Parvez Sahotra - State Farm Insurance Agent
3267 Hodges Blvd #14 - Jacksonville, FL 32224 - (904) 221-1161 - View Map
Picking a auto insurance agent requires more thought than just the quoted price. The answers to these questions are important, too.
- In the event of vehicle damage, can you pick the collision repair facility?
- Are claims handled at the agent's location?
- Are there any discounts for paying up front?
- Can glass repairs be made at your home?
- Will you work with the agent or an assistant?
Find cheap rates by comparing often
You just read a lot of techniques to lower your Ford Taurus insurance rates in Jacksonville. The key concept to understand is the more companies you get auto insurance rates for, the better your chances of lowering your auto insurance rates. You may even be surprised to find that the biggest savings come from the least-expected company.
While you're price shopping online, make sure you don't sacrifice coverage to reduce premiums. There are many occasions where consumers will sacrifice full coverage only to find out that a couple dollars of savings turned into a financial nightmare. Your goal is to purchase plenty of coverage at the lowest possible cost but still have enough coverage for asset protection.
Drivers who switch companies do it for any number of reasons including lack of trust in their agent, policy non-renewal, high prices and questionable increases in premium. It doesn't matter what your reason, finding a new car insurance company is actually quite simple.
Even more information can be read in the articles below:
- Parking Tips to Reduce Door Dings (State Farm)
- What Insurance is Cheapest for a Honda Civic in Jacksonville? (FAQ)
- Who Has the Cheapest Jacksonville Car Insurance Quotes for a Honda Accord? (FAQ)
- How Much is Jacksonville Auto Insurance for a 20 Year Old Female? (FAQ)
- How Much is Auto Insurance for a Ford Fusion in Jacksonville? (FAQ)
- How Much are Auto Insurance Rates for Low Mileage Drivers in Jacksonville? (FAQ)
- What Car Insurance is Cheapest for a Nissan Altima in Jacksonville? (FAQ)
- Tread Depth and Tire Safety (State Farm)
- How Much Auto Coverage do I Need? (Insurance Information Institute)