Buying competitive auto insurance for a Ford Escape relies on lots of different factors such as annual miles driven, where your vehicle is garaged, and citations or violations on your driving record. Drivers will pay around $1,047 per year to insure their Escape, but that is an estimation based upon a 40-year-old single female driver with both comprehensive and collision coverage and $1,000 deductibles.
But there is a high likelihood that you aren’t exactly 40 years old or even a female, possibly married instead of single, and you don’t want the same coverages and limits as the example. Even a minor difference in the factors used in pricing a policy could result in a significant change in the cost of insuring your Escape.
There is no one cookie-cutter policy that works for everyone, so the only real way to find cheap car insurance rates for your Ford is to put in the effort to do a thorough rate comparison.
Your vehicle’s trim level tends to have a direct impact on the annual cost of coverage, so the price to insure a Escape XLS 2WD trim level will be $100 less expensive the cost to insure the more well-appointed Escape Limited 4WD version, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Escape XLS 2WD||$180||$342||$496||$30||$148||$1,196||$100|
|Escape XLS 4WD||$180||$342||$496||$30||$148||$1,196||$100|
|Escape XLT 2WD||$180||$342||$496||$30||$148||$1,196||$100|
|Escape Limited 2WD||$206||$342||$496||$30||$148||$1,222||$102|
|Escape XLT 4WD||$206||$342||$496||$30||$148||$1,222||$102|
|Escape Limited 4WD||$206||$416||$496||$30||$148||$1,296||$108|
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Table data represents single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Estimates do not factor in specific location information which can alter price quotes substantially.
Auto insurance company ratings
Choosing the best insurer can be difficult considering how many different companies there are to choose from in Oklahoma City. The rank data shown next may help you analyze which car insurance providers to look at shopping prices with.
The ratings below include the largest auto insurers in America, so companies that focus mainly on Oklahoma business will not be included in these rankings. To check rates from many more Oklahoma auto insurance companies, click this link.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Impact of citations and accidents on insurance rates
The easiest way to get the cheapest auto insurance rates in Oklahoma City for an Escape is to drive carefully and avoid getting tickets or having accidents. The example below demonstrates how speeding tickets and at-fault collisions impact yearly insurance costs for each age group. The rates are based on a single female driver, full physical damage coverage, $500 deductibles, and no other discounts are factored in.
The chart shows that the average cost of a car insurance policy in Oklahoma per year with no accidents or violations is $2,008. Get one speeding ticket and the average cost surges to $2,277, an increase of $270 each year. Now add in one accident along with the one speeding ticket and the yearly cost of auto insurance for a Ford Escape goes up to an average of $3,023. That’s an increase of $1,015, or $85 per month, just for not driving attentively!
Compare quotes and save
Oklahoma auto insurance rates are influenced by many factors which can significantly increase or decrease the policy premium. Improving your credit score, buying a different home, or having a fender bender can cause premium changes that can make some companies more affordable than others.
Not only that, but insurance companies modify rates as often as every quarter in order to be able to pay unexpected claims. Heavy losses may result in more expensive prices, while a better claims history can produce more affordable Escape insurance rates.
For instance, the graph below demonstrates which company has the cheapest car insurance in Oklahoma City, OK for a 40-year-old female driver with no accidents, a clean driving record, and a good credit rating. When comparing rates based on her current risk factors, USAA may offer the lowest car insurance rates in Oklahoma City at $1,308 per year. This is $659 less than the average premium paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, GEICO, and Safe Auto round out the rest of the most affordable Oklahoma City, OK auto insurance companies.
The next chart shows rates after we give the driver in the first example a couple of claims, a lower credit rating, and an imperfect driving record. Because every insurance company has their own formula for determining prices, analyzing rate quotes could now result in a different ranking of the cheapest companies as shown below.
State Farm now has the best car insurance rate in Oklahoma City, OK with Oklahoma Farmers Union, Liberty Mutual, The Hartford, and Travelers completing the list. This example illustrates why it is crucial to compare lots of rates when trying to find the most affordable car insurance quotes for a Ford Escape. Prices are calculated by many different factors and change substantially, so the best price six months ago may now be quite expensive.