How Much Does Insurance Cost for a Ford Escape in Rhode Island?

Finding cheaper car insurance for a Ford Escape in Rhode Island hinges on a whole bunch of rating criteria such as how you use your Escape, if you have maintained coverage continuously, and the level of deductible you choose. Drivers will pay on average $920 annually to insure an Escape, but that price is an estimation using rating data for a 30-year-old married male that has full physical damage coverage and $500 physical damage deductibles.

The issue with using an average estimated rate is the likelihood you are not 30 years old and maybe not even male, single instead of married, or maybe your Escape is a different trim level than the example. This example demonstrates why the way we recommend to find cheap auto insurance rates for your Ford is to do your own rate comparisons.

Compare Ford Escape Insurance Rates

Your Ford’s trim level will influence the cost of insurance, so the price to insure a Escape XLS 2WD will be $108 lower than the cost to insure the more expensive Escape Limited 4WD model, as shown below.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Rhode Island minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Prices do not factor in specific Rhode Island garaging location which can raise or lower premium rates significantly.

Shopping around for cost effective insurance is not easy, and deciding which insurers offer the cheapest auto insurance rates for a Ford Escape will involve even more diligence. Each auto insurance company has their own guidelines for establishing rates, so first let’s look at the rankings for the lowest cost auto insurance companies in Rhode Island.

Keep in mind that Rhode Island auto insurance rates are determined by lots of factors that control the price of coverage. Price variation is why it is critical to shop around when trying to find the most economical auto insurance quotes for a Ford Escape. Car insurance prices are calculated by many different factors and change frequently, so the best price when you bought your policy may now cost much more than other companies.

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USAA may have some of the most affordable car insurance rates in Rhode Island at around $705 per year. State Farm, Travelers, Amica, and Progressive also rank well as some of the most economical Rhode Island insurance companies.

In this example, if you currently have a policy with State Farm and switched to USAA, you might achieve an annual savings of upwards of $401. Rhode Island drivers with Travelers may save as much as $554 a year, and Amica customers might realize rate reductions of up to $792 a year.

Be aware that those estimates are averages for all drivers and vehicles in Rhode Island and and are not figured with a specific rate factor for a Ford Escape. So the car insurance company that fits your needs best may not even be featured in the list of companies shown earlier. That points out the importance of why you need to compare prices as often as possible using your own personalized driver profile and vehicle information.

Difference between liability only and full coverage rates

Finding cheap insurance for a Ford Escape in Rhode Island should be important to most vehicle owners, and one good way to pay less for insurance is to not pay for full coverage. The illustration below shows the difference between insurance rates when comparing full coverage to liability only. The premiums are based on no accidents, no driving violations, $250 deductibles, marital status is single, and no discounts are applied to the premium.

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Averaged for all age groups, physical damage insurance costs an additional $2,177 per year over and above liability coverage. At some point, about every driver wonders if you should buy full coverage. There is no specific rule for excluding physical damage coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is more than around 10% of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

There are some conditions where only buying liability is not a good plan. If you still have a lienholder on your title, you have to carry full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not remove full coverage.

How to find budget-friendly auto insurance for a Ford Escape

Lowering your rates is not difficult, and here are a few money-saving solutions that can help Rhode Island drivers quote low-cost coverage.

• Pay lower rates with good credit
• Do not get into accidents
• Do not pay for full coverage on older vehicles
• Save money by obeying traffic laws and keeping a clean driving record
• Drive safe vehicles
• Raise your deductibles
• Compare prices as often as possible

That last piece of advice is particularly critical, as we pointed out in this piece. Insurance rates can be changed at any time, so don’t be afraid to switch companies if you can find a cheaper rate. Having a favorite company is fine, but it’s not recommended if that dedication is costing a fortune every year. In just a couple of minutes you could shop around to find cheaper car insurance for a Ford Escape.