Finding cheaper car insurance for a Ford Escape relies on many rating factors such as how you use your vehicle, if you have prior claims, and any past driving violations you may have had. Drivers in New Jersey pay approximately $1,529 each year for Escape insurance, but that price is an approximation calculated based on a 40-year-old single male driver with full comprehensive and collision coverage and $100 deductibles.
The issue with using an average estimated rate is the likelihood you are not 40 and maybe not even a male, possibly married instead of single, and maybe you have sub-par credit that needs to be factored in. Just a slight change in the factors used in pricing a policy could end up in a significant change in how much coverage for a Ford Escape costs.
Insurance is an individual thing, so the best method for finding cheap insurance rates for your Ford is to just compare rates yourself.
The trim level of your vehicle tends to have a direct impact on the yearly cost, so the price to insure a Escape XLS 2WD will be $206 cheaper than the price to insure the higher-end Escape Limited 4WD trim level, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Escape XLS 2WD||$354||$706||$494||$30||$148||$1,732||$144|
|Escape XLS 4WD||$354||$706||$494||$30||$148||$1,732||$144|
|Escape XLT 2WD||$354||$706||$494||$30||$148||$1,732||$144|
|Escape Limited 2WD||$406||$706||$494||$30||$148||$1,784||$149|
|Escape XLT 4WD||$406||$706||$494||$30||$148||$1,784||$149|
|Escape Limited 4WD||$406||$860||$494||$30||$148||$1,938||$162|
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Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Estimates do not factor in the specific area where the vehicle is garaged which can increase or decrease rates noticeably.
Comparing rates for low-priced auto insurance is tough enough, and determining which companies offer the cheapest auto insurance rates for a Ford Escape will take a little more work. Every insurance provider has a different formula to establish rates, so we'll take a look at the auto insurance companies that tend to have lower prices in New Jersey.
Best Auto Insurance Prices for Your Escape
|Rank||Company||Cost Per Year|
|3||New Jersey Manufacturers||$1,310|
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21st Century may offer some of the most affordable car insurance rates in Jersey City at around $1,078 a year. Travelers, New Jersey Manufacturers, Palisades, and Penn National also qualify as some of the best Jersey City, NJ car insurance companies.
As the rates illustrate above, if you are a policyholder with Palisades and switched to 21st Century, you may realize an annual savings of in the vicinity of $263. New Jersey drivers with Penn National might save as much as $288 a year, and California Casualty customers might lower prices by $373 a year.
Understand that those prices are averaged for all drivers and vehicles in New Jersey and and are not figured with an exact zip code location for a Ford Escape. So the insurer that fits your situation best may not even be in the list above. That point stresses why you need to get car insurance quotes using your own specific driver and vehicle information.
Discounts on Jersey City car insurance
Insurance providers that provide coverage for a Ford Escape could also offer policy discounts that could potentially reduce rates by 40% or more if you are eligible to receive them. Large auto insurance companies and some of the discounts are outlined below.
- Mercury Insurance has savings for annual mileage, age of vehicle, ease of repair, location of vehicle, professional/association, and low natural disaster claims.
- Farmers Insurance offers premium reductions for youthful driver, alternative fuel, multi-car, homeowner, and mature driver.
- Farm Bureau may have discounts that include 55 and retired, safe driver, good student, multi-vehicle, youthful driver, driver training, and multi-policy.
- State Farm may offer discounts for multiple policy, good driver, safe vehicle, driver's education, good student, anti-theft, and Drive Safe & Save.
- Allstate offers discounts including teenSMART discount, premier discount, resident student, passive restraint, safe driver, and EZ pay plan discount.
- GEICO discounts include air bags, emergency military deployment, anti-theft, anti-lock brakes, seat belt use, and daytime running lights.
The illustration below compares premium costs with and without discounts applied to the rates. The premium estimates are based on a male driver, no claims or violations, New Jersey state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with passive restraint, anti-theft, multiple policy, multiple vehicle, vehicle safety, and marriage discounts applied. When discounts are factored in, theamount saved on auto insurance for a Ford Escape is 28% or $628.
Comparison of full coverage and liability-only policies
Reducing the cost of auto insurance should be important to most people, and one way to pay lower rates for insurance for a Ford Escape is to not buy full coverage. The example below shows the comparison of premium costs with full physical damage coverage and with liability coverage only. The premiums are based on no claims or driving citations, $500 deductibles, single marital status, and no discounts are applied to the premium.
If averaged for all ages, physical damage insurance costs an extra $2,304 per year over liability only. That brings up the question when is the right time to remove full coverage. There is no definitive formula of when to exclude full coverage on your policy, but there is a broad guideline. If the annual cost of coverage is more than around 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.
Why you are probably overpaying for Escape insurance
New Jersey auto insurance rates are influenced by many factors which can substantially decrease or increase the price you pay for coverage. Simply getting older, buying a home instead of renting, or getting a few speeding tickets can produce rate changes that can make some companies affordable when they were higher priced. Not only may things change on your end, but insurers modify rates at least once a year to help ensure profitability. Higher than normal claims can result in high rates, while lower claim expenses can produce cheaper Escape insurance rates.
For example, the graph below shows a variety of companies that have the cheapest car insurance in Jersey City, NJ for a 30-year-old female driver with a good driving record, no prior claims, and solid credit. When comparing rates based on her current risk profile, 21st Century may offer the most affordable car insurance rates in Jersey City at $1,437 per year. This is $415 less than the average rate paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Palisades, and Penn National are also included in the most affordable Jersey City, NJ auto insurance companies.
Now let's give the driver in the first example an accident claim, a lower credit rating, and a traffic citation. Because each insurer has a unique approach for establishing rates, comparing insurance quotes could result in a significantly different list of the cheapest companies as shown below.
California Casualty now has the cheapest rate in Jersey City, NJ with Allstate, USAA, Mercury, and Travelers now rounding out the top five. This illustrates why it is critical to do a thorough rate comparison when trying to get cheap auto insurance quotes for a Ford Escape.
Auto insurance prices are determined by many different factors and can change without notice, so the cheapest company the last time you compared rates may now be quite expensive.
How to find more affordable insurance for a Ford Escape
Below you'll find a few penny-pinching suggestions that can help Jersey City drivers buy cheap car insurance.
- Serious violations like DUI or careless driving can make car insurance unaffordable
- At-fault accidents can raise rates significantly
- If possible, do not file small claims
- Safer vehicles generally have cheaper insurance rates
- Save money by bundling your home and auto policies
- On older vehicles, drop full coverage
- Keep rates low by comparing prices once a year
That last tip is incredibly important, as we stressed in this piece. Rates can be modified anytime, so don't be afraid to buy a different policy if a lower-cost policy is available.
Many drivers tend to have loyalty to a certain company, but it isn't a good idea if that dedication is costing a fortune every year. It only takes a couple minutes to compare rates and find cheaper auto insurance for a Ford Escape in Jersey City.
The auto insurance agents in Jersey City shown below are a good start to help you determine which auto insurance policy would work best for you, as many consumers aren't sure which coverage to buy and prefer to get some help when comparing insurance rates for an Escape. It's not always simple to find the cheapest auto insurance company, and getting advice from a licensed New Jersey insurance agent can give you peace of mind knowing your policy gives you suitable coverage if you have an accident. To find a Jersey City insurance agent by location nearest to you, click the button below the list.
ABL Insurance Services
910 Bergen Ave # 307 - Jersey City, NJ 07306 - (201) 222-1314
Tawanda Jackson - State Farm Insurance Agent
688 NJ-440 - Jersey City, NJ 07305 - (201) 209-0290
Farmers Insurance - Mofalc Meinga
447 Central Ave - Jersey City, NJ 07307 - (201) 435-1616
Lou Schloss Agency Inc
31 River Ct - Jersey City, NJ 07310 - (201) 626-7589
Royale Insurance Agency
2184 John F. Kennedy Blvd - Jersey City, NJ 07305 - (201) 656-1800