Ford Escape Insurance Rate Quotes in Anchorage

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Would you like to buy low-cost auto insurance rates in Anchorage, AK? Anchorage drivers have options when trying to find the lowest priced Ford Escape insurance. They can either spend hours struggling with agents trying to get quotes or leverage the internet to find the lowest rates.

There is a better way to buy auto insurance and you need to know the best way to get price quotes for your Ford and get the lowest price from Anchorage insurance agents and online providers.

Insurance quote for Ford Escape in AnchorageIt's easy to assume that auto insurance companies don't want you comparing rates. Consumers who get comparison quotes at least once a year are likely to switch auto insurance companies because the odds are good of finding coverage at a more affordable price. A recent survey discovered that people who made a habit of comparing rates saved as much as $3,400 over four years as compared to drivers who never compared prices.

If finding budget-friendly rates on Ford Escape insurance is the reason you're reading this, then having a grasp of the best ways to find and compare coverage rates can help make the process easier and more efficient.

Consumers should take time to do price comparisons on a regular basis due to the fact that insurance prices change regularly. Just because you found the lowest rates on Ford Escape insurance in Anchorage a year ago other companies may now be cheaper. Forget anything you know (or think you know) about auto insurance because we're going to demonstrate the only way to properly buy coverages while reducing your premium.

This article's goal is to help educate you on the best methods to compare rates and how to save the most money. If you have insurance now, you will definitely be able to buy cheaper insurance using this information. Smart buyers just have to understand the fastest way to shop online.

Auto insurance discounts are available to lower rates

Car insurance companies don't always advertise all available discounts very clearly, so we break down a few of the more common and also the more inconspicuous credits available to you.

  • Air Bag Discount - Vehicles equipped with air bags and/or automatic seat belt systems may qualify for discounts as much as 30%.
  • Low Mileage Discounts - Fewer annual miles on your Ford could be rewarded with discounted rates on garaged vehicles.
  • Renewal Discounts - A few companies offer discounts for buying a new policy before your current coverage expires. It can save you around 10%.
  • Anchorage Homeowners Discount - Being a homeowner can help you save on auto insurance because owning a home is proof of financial responsibility.
  • ABS and Traction Control Discounts - Cars, trucks, and SUVs with anti-lock braking systems can reduce accidents and earn discounts up to 10%.
  • Discounts for Multiple Vehicles - Buying a policy with all your vehicles with the same company can reduce rates for all insured vehicles.

While discounts sound great, it's important to understand that some of the credits will not apply to all coverage premiums. A few only apply to individual premiums such as comprehensive or collision. Just because you may think all the discounts add up to a free policy, it just doesn't work that way. Any qualifying discounts will cut the amount you have to pay.

The chart below shows the comparison of Ford Escape car insurance costs with and without discounts applied to the policy premium. The premiums assume a female driver, no claims or driving citations, Alaska state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-policy, multi-car, safe-driver, and homeowner discounts applied.

To see insurers who offer free Ford Escape insurance quotes in Alaska, follow this link.

The easiest way to compare rates for Ford Escape insurance in Anchorage utilizes the fact most of the larger companies have advanced systems to provide you with free rate quotes. All consumers are required to do is provide information such as whether or not you need a SR-22, deductibles desired, an estimate of your credit level, and the year, make and model of vehicles. Your insurance information is submitted instantly to multiple top-rated companies and they return rate quotes within a short period of time.

If you would like to start a quote now, click here and enter your coverage details.

The car insurance companies shown below offer comparison quotes in Anchorage, AK. If multiple companies are listed, we suggest you compare several of them to get the cheapest price.

Coverage analysis

The rate information displayed below outlines a range of insurance policy prices for Ford Escape models. Being able to understand how prices are established helps drivers make decisions when choosing a new policy provider.

Ford Escape Insurance Rates in Anchorage, AK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $116 $200 $222 $14 $66 $618 $52
Escape XLS 4WD $116 $200 $222 $14 $66 $618 $52
Escape XLT 2WD $116 $200 $222 $14 $66 $618 $52
Escape Limited 2WD $134 $200 $222 $14 $66 $636 $53
Escape XLT 4WD $134 $200 $222 $14 $66 $636 $53
Escape Limited 4WD $134 $242 $222 $14 $66 $678 $57
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Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Rate information does not factor in specific zip code location which can lower or raise coverage rates noticeably.

Physical damage deductibles

One of the hardest decisions when shopping for insurance is the level to set your comp and collision deductibles. The data tables below can help show the rate difference between high and low coverage deductibles. The first price estimate table uses a $100 physical damage deductible and the second set of rates uses a $1,000 deductible.

Ford Escape insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $204 $348 $232 $14 $70 $893 $74
Escape XLS 4WD $204 $348 $232 $14 $70 $893 $74
Escape XLT 2WD $204 $348 $232 $14 $70 $893 $74
Escape Limited 2WD $234 $348 $232 $14 $70 $923 $77
Escape XLT 4WD $234 $348 $232 $14 $70 $923 $77
Escape Limited 4WD $234 $422 $232 $14 $70 $997 $83
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Ford Escape insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $114 $184 $232 $14 $70 $614 $51
Escape XLS 4WD $114 $184 $232 $14 $70 $614 $51
Escape XLT 2WD $114 $184 $232 $14 $70 $614 $51
Escape Limited 2WD $130 $184 $232 $14 $70 $630 $53
Escape XLT 4WD $130 $184 $232 $14 $70 $630 $53
Escape Limited 4WD $130 $222 $232 $14 $70 $668 $56
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Rate information does not factor in specific zip code location which can raise or lower auto insurance rates significantly.

We can derive from the above data that using a $100 deductible costs an average of $24 more each month or $288 every year than selecting the higher $1,000 deductible. Since you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average at a minimum 38 months between claims, you would most likely save money by selecting a higher deductible. Here's an example of how you can come to your own conclusion.

Average monthly premium for $100 deductibles: $77
Average monthly premium for $1,000 deductibles (subtract): - $53
Monthly savings from raising deductible: $24
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $24
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 38 months

One thing to note is that a higher deductible means you will have to pay more out-of-pocket if you have a claim. You need to make sure you have enough extra savings in the event you need to pay the higher deductible in order to repair your vehicle.

Ford Escape liability rates compared to full coverage

The example below illustrates the comparison of Ford Escape premium costs with full coverage and liability only. The rate quotes are based on no tickets, no at-fault accidents, $100 deductibles, single status, and no discounts are applied.

When to drop comprehensive and collision coverage

There is no definitive guideline for eliminating physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.

For example, let's pretend your Ford Escape settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $5,000 after the policy deductible has been paid. If it's costing in excess of $500 annually to have full coverage, then it could be time to drop full coverage.

There are some situations where eliminating full coverage is not financially feasible. If you still have a lienholder on your title, you must maintain physical damage coverage to protect the lienholder's interest. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not opt for liability only.

Good Decisions Result in Lower Insurance Prices

An important part of buying insurance is that you know some of the elements that play a part in calculating the level of your policy premiums. If you know what controls the rates you pay, this helps enable you to make changes that could result in lower rates.

  • You might want pay the minor auto insurance claims yourself - Auto insurance companies in Alaska provide lower rates to people who are not frequent claim filers. If you file a lot of claims you can expect much higher rates or policy non-renewal. Insurance coverage is designed for more catastrophic claims.
  • Raise comp and collision deductibles and save - The deductibles you choose are how much you are willing to pay before your auto insurance pays a claim. Coverage for physical damage, also called 'full coverage', covers damage that occurs to your car. Examples of some claims that would be covered are rear-ending another vehicle, animal collisions, and damage caused by road hazards. The more expense you choose to pay out-of-pocket, the lower your rates will be.
  • Is insurance cheaper for men or women? - Statistics demonstrate that females take fewer risks when driving. However, don't assume that men are WORSE drivers than women. They both are responsible for at-fault accidents at a similar rate, but the men cause more damage. Men also get ticketed for serious violations like DUI and reckless driving.

    The information below illustrates the difference between Ford Escape premium costs for male and female drivers. The price estimates are based on no accidents, no driving violations, full physical damage coverage, $100 deductibles, single status, and no discounts are applied.

  • If you don't need it don't buy it - Insurance policies have a lot of extra add-on coverages that can add up on your Escape policy. Coverages for vanishing deductibles, accident forgiveness, and Farm Bureau memberships are examples of these. The coverages may be enticing when deciding what coverages you need, but if they're wasting money remove them and pocket the money.
  • What are good liability limits? - The liability section of your policy is the coverage that protects you if ever you are determined to be liable for an accident. It will provide legal defense which can cost a lot. This coverage is relatively inexpensive compared to other policy coverages, so do not cut corners here.
  • Drive less and pay lower prices - Driving a lot of miles in a year the higher your rate. A lot of companies price each vehicle's coverage based on how the vehicle is used. Cars that sit idle most of the time receive lower rates as compared to vehicles used primarily for driving to work. Having an incorrect usage rating on your Escape is just wasting money. Double check that your vehicle rating shows the correct driver usage.
  • Cars with good safety ratings cost less to insure - Vehicles that have high safety ratings tend to be cheaper to insure. Vehicles engineered for safety reduce the chance of injuries and lower rates of occupant injuries translates into savings for insurance companies and more competitive rates for policyholders. If your Ford Escape scored at minimum an "acceptable" rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
  • Loss probability for a Ford Escape - Insurers factor in historical loss data when setting rates for each model. Vehicles that tend to have a trend towards higher claims will cost more to insure. The table shown below demonstrates the historical loss data for Ford Escape vehicles.

    For each insurance policy coverage type, the loss probability for all vehicles averaged together is considered to be 100. Percentage numbers below 100 suggest a better than average loss history, while values that are above 100 indicate frequent claims or statistically larger claims.

    Insurance Loss Ratings for Ford Escape Vehicles
    Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Ford Escape 4dr 2WD 80 91 83 94 94 92
    Ford Escape 4dr 4WD 81 84 94 85 90 77

    Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Insurance agent or online?

Some people still like to buy from a licensed agent and that is OK! Experienced insurance agents can help you choose the best coverages and will help you if you have claims. One of the great benefits of getting online price quotes is that drivers can save money and get cheap rate quotes and still have an agent to talk to. Putting coverage with local insurance agents is important particularly in Anchorage.

Anchorage insurance agentsAfter completing this short form, your coverage information gets sent to agents in your area who will gladly provide quotes to get your business. You won't need to search for an agent because quoted prices will be sent to you. If you wish to compare prices from a specific car insurance provider, don't hesitate to search and find their rate quote page and fill out their quote form.

If you need to find a local Anchorage insurance agency, you need to know there are two types of insurance agents and how they can service your needs differently. Car insurance agencies are classified as either independent agents or exclusive agents. Either one can handle car insurance, but we need to point out how they are different because it can factor into your selection of an agent.

Independent Car Insurance Agencies

Agents in the independent channel do not work for one specific company so they can insure your vehicles with lots of companies and get you the best rates possible. If you are not satisfied with one company, they simply move the coverage in-house and the insured can keep the same agent. If you are comparing car insurance prices, we recommend you compare prices from several independent insurance agents to have the best price comparison. Most can insure with mutual insurance companies which may have better rates.

Below is a small list of independent insurance agencies in Anchorage that may be able to give you comparison quotes.

More insurance agents

Exclusive Insurance Agencies

Exclusive insurance agents write business for a single company such as Farmers Insurance, State Farm, or Allstate. They are unable to provide rate quotes from other companies so it's a take it or leave it situation. Exclusive insurance agents are well trained on their products and sales techniques which helps them compete with independent agents. Some consumers prefer to buy from the same agent for years primarily because of the prominence of the brand instead of buying on price only.

The following is a list of exclusive insurance agencies in Anchorage that are able to give rate quotes.

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Selecting an insurance agency requires you to look at more than just a cheap price quote. You should also get answers to these questions.

  • If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
  • Do they reduce claim amounts on high mileage vehicles?
  • Is the agent and/or agency licensed to do business in Alaska?
  • When do they do policy reviews?
  • Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
  • Do they have cheaper tiers of coverage?
  • Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
  • Do they offer claims assistance after hours?

Why you need to buy insurance

Even though it's not necessarily cheap to insure a Ford in Anchorage, insuring your vehicle is required by state law in Alaska and it also provides benefits you may not be aware of.

  • The majority of states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability coverage in order to license the vehicle. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you bought your Ford Escape with a loan, more than likely the lender will make it a condition of the loan that you buy insurance to guarantee their interest in the vehicle. If you default on your policy, the bank will be required to insure your Ford at an extremely high rate and force you to pay for the expensive policy.
  • Insurance safeguards your Ford Escape and your assets. It will also cover medical expenses for both you and anyone you injure as the result of an accident. Liability insurance also covers all legal expenses up to the policy limit if anyone sues you for causing an accident. If you have damage to your Ford as the result of the weather or an accident, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.

The benefits of buying insurance more than offset the price you pay, especially for larger claims. The average driver in Alaska is overpaying over $865 each year so compare rate quotes once a year at a minimum to make sure the price is not too high.

Persistence will pay off

As you prepare to switch companies, you should never buy less coverage just to save a little money. There have been many situations where drivers have reduced liability limits or collision coverage and discovered at claim time that it was a big error on their part. Your strategy should be to buy a smart amount of coverage at the best possible price, not the least amount of coverage.

People change insurance companies for a number of reasons such as delays in paying claims, unfair underwriting practices, not issuing a premium refund or high prices. Whatever your reason, switching companies is easier than you think.

Cost effective Ford Escape insurance can be sourced from both online companies as well as from independent agents in Anchorage, and you should compare rates from both in order to have the best chance of saving money. Some companies do not offer rate quotes online and usually these regional carriers work with local independent agents.

Steps to finding discount Ford Escape insurance in Anchorage

To save the most money, the best way to get cheaper Ford Escape insurance is to regularly compare prices from insurers who sell auto insurance in Anchorage.

  • First, spend some time learning about what coverages are included in your policy and the measures you can take to keep rates in check. Many policy risk factors that result in higher rates such as traffic violations and a substandard credit score can be improved by making small lifestyle or driving habit changes.
  • Second, compare prices from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive or State Farm, while agents who are independent can provide rate quotes from multiple insurance companies.
  • Third, compare the new rate quotes to your current policy premium to see if you can save by switching companies. If you find a lower rate, make sure there is no lapse between the expiration of your current policy and the new one.

One bit of advice is to try to use the same liability limits and deductibles on every quote request and and to get rate quotes from as many companies as possible. Doing this helps ensure an apples-to-apples comparison and a thorough price selection.

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