Cheap Quotes for Ford Flex Insurance in Corpus Christi

To save the most money, the best way to get more affordable Ford Flex insurance in Corpus Christi is to start doing a yearly price comparison from providers that insure vehicles in Texas.

First, take a little time to learn about how insurance works and the things you can control to keep rates down. Many risk factors that cause high rates such as speeding tickets, accidents and an unacceptable credit score can be controlled by being financially responsible and driving safely.

Second, compare price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from one company like GEICO or State Farm, while agents who are independent can provide prices from multiple insurance companies. View a list of agents

Third, compare the new rate quotes to your existing coverage and see if you can save money. If you find a lower rate and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.

The key thing to know about shopping around is to compare the same amount of coverage on each price quote and and to analyze as many companies as possible. This ensures a fair price comparison and the most accurate and complete price analysis.

Everyone knows that insurance companies don’t want their customers to go rate shopping. Drivers who shop around for the cheapest price will most likely switch companies because there is a good probability of finding a lower-priced company. A recent auto insurance study discovered that consumers who regularly compared rates saved $3,400 over four years compared to those who never compared other company’s rates.

If finding budget-friendly rates on insurance in Corpus Christi is the reason you’re here, then knowing the best ways to find and compare insurance rates can help simplify the task of finding more affordable coverage.

Locating the most cost-effective auto insurance policy in Corpus Christi is not that difficult as long as you know where to start. If you already have coverage or want to find a cheaper company, you can use these tips to cut your premiums without reducing coverage. Smart buyers just have to learn the quickest method to find the lowest price on the web.

Rate information and statistics

The premium information displayed next highlights a range of coverage prices for Ford Flex models. Learning as much as possible about how auto insurance premiums are formulated can benefit drivers when making informed purchases.

Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Prices do not factor in zip code location which can influence rates significantly.

Policy deductible comparison

One common question asked by Corpus Christi drivers is what deductibles to buy. The figures shown below may help to conceptualize the rate fluctuation between low and high deductibles. The first rate comparisons uses a $250 physical damage deductible and the second price grid uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Rate quotes do not factor in specific location information which can increase or decrease prices substantially.

Based on the data above, we can derive that using a $250 deductible will cost you approximately $31 more each month or $372 for a full year than requesting the higher $1,000 deductible. Since you would pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you have at a minimum 24 months between claim filings, you would most likely save money if you elect the higher deductible.

One thing to be aware of is that raising deductibles to save money results in a higher out-of-pocket expense when you have a physical damage claim. That will necessitate enough savings in order to pay the higher deductible in order to repair your vehicle.

Careless driving habits raise car insurance rates

The chart below demonstrates how speeding tickets and at-fault accidents can increase Ford Flex yearly insurance costs for different insured age categories. The prices are based on a married male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied to the premium.

Cost of full coverage

The illustration below illustrates the comparison of Ford Flex insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Texas. The data assumes no violations or accidents, $500 deductibles, drivers are not married, and no discounts are factored in.

Are you wasting money on full coverage?

There is no set rule to stop paying for physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is more than around 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let’s assume your Ford Flex replacement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $4,000 after paying the physical damage deductible. If premium cost is more than $400 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

There are some situations where eliminating full coverage is not recommended. If you still have a lienholder on your title, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not consider dropping full coverage.

How do Insurers Determine Ford Flex Insurance Costs?

Lots of things are taken into consideration when premium rates are determined. Some are pretty understandable such as your driving history, but other factors are not as apparent such as your credit history or how financially stable you are.

Your spouse saves you money – Your spouse may earn you lower rates when buying car insurance. Having a significant other generally demonstrates drivers are more financially stable and it’s statistically proven that drivers who are married file infrequent claims.

Safer cars mean better premiums – Vehicles with good safety scores tend to have lower insurance rates. Safer cars have better occupant injury protection and any reduction in injury severity translates into savings for insurance companies which can result in lower premiums.

Where you call home plays a part – Being located in a rural area has definite advantages when talking about car insurance. Urban drivers have to deal with more aggressive driving styles and a longer drive to work. Lower population translates into fewer accidents and lower theft and vandalism rates.

Gender is a factor – Over the last 30 years, statistics show women tend to be less risk to insure than men. Now that doesn’t mean women are BETTER drivers than men. They both have fender benders in similar percentages, but the males cause more damage. Not only that, but men also receive more major tickets like DUI and reckless driving.

The information below illustrates the comparison of Ford Flex annual premium costs for male and female drivers. The rate quotes are based on no driving violations, no at-fault accidents, comprehensive and collision coverage, $100 deductibles, single status, and no discounts are factored in.

Deter theft and pay less – Choosing a vehicle with a theft deterrent system can save you some money. Anti-theft devices such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help stop auto theft and help lower rates.

Add-on coverages push up premiums – There are a ton of add-on coverages that may not really be needed on your Flex policy. Insurance for things like replacement cost coverage, towing, and motor club memberships could be just wasting money. You may think they are a good idea when deciding what coverages you need, but if you don’t need them consider taking them off your policy.

Bad credit hurts insurance prices – Credit score is likely to be a major factor in calculating your car insurance rates. So if your credit rating is lower than you’d like, you may save money insuring your Ford Flex if you clean up your credit. Insureds that have very high credit ratings tend to be better risks to insure than drivers with lower credit scores.

How do annual miles impact costs? – Driving a lot of miles in a year’s time the higher the price you pay to insure it. A lot of insurance companies charge rates based upon how you use the vehicle. Vehicles that sit idle most of the time qualify for better rates compared to those used for work or business. Make sure your car insurance policy is showing the proper vehicle usage. Having the wrong rating on your Flex may be wasting your money.

Insurance losses for a Ford Flex – Auto insurance companies use claims history to calculate a price that offsets possible losses. Models that the data determines to have a higher amount or frequency of claims will have increased rates. The table below shows the historical loss data for Ford Flex vehicles.

For each type of coverage, the claim probability for all vehicles averaged together is set at 100. Values that are below 100 suggest losses that are better than average, while numbers above 100 point to more claims or a tendency for claims to be larger.

Persistence pays off

We’ve covered a lot of information how to find cheaper Ford Flex insurance in Corpus Christi. The key thing to remember is the more you quote Corpus Christi auto insurance, the better your chances of lowering your premium rates. You may even discover the biggest savings come from some of the lesser-known companies. Regional companies can often insure niche markets at a lower cost as compared to the big name companies such as State Farm or Progressive.

Some insurance companies do not offer online rate quotes and usually these small, regional companies provide coverage only through independent agents. Budget-friendly auto insurance in Corpus Christi is attainable both online and also from your neighborhood Corpus Christi agents, so you need to compare both so you have a total pricing picture.

When searching for inexpensive Corpus Christi auto insurance quotes, never skimp on critical coverages to save a buck or two. There have been many situations where drivers have reduced liability coverage limits only to regret at claim time that it was a big mistake. Your goal should be to get the best coverage possible at the best price while not skimping on critical coverages.

Other learning opportunities

• Child Safety FAQ (iihs.org)
• Who Has Affordable Corpus Christi Auto Insurance for Drivers with a Bad Driving Record? (FAQ)
• How Much are Corpus Christi Auto Insurance Rates for Drivers with Bad Credit? (FAQ)
• Who Has Affordable Corpus Christi Auto Insurance Quotes for Seniors? (FAQ)
• Think You’re a Safe Driver? (State Farm)
• Liability Insurance Coverage (Nationwide)