Cheap Rates for Ford Expedition Insurance in Cleveland

If saving money is your primary concern, then the best way to get budget car insurance rates in Cleveland is to regularly compare prices from providers who sell auto insurance in Ohio.

1. It will benefit you to learn about how companies set rates and the modifications you can make to prevent rate increases. Many rating factors that cause rate increases like at-fault accidents, careless driving, and a low credit score can be improved by being financially responsible and driving safely.
2. Request rate estimates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO and Allstate, while agents who are independent can provide rate quotes from multiple companies.
3. Compare the new rates to your existing rates to see if switching to a new carrier will save money. If you find a lower rate, ensure there is no coverage lapse between policies.
4. Give notification to your current company to cancel your existing policy and submit the application along with any required down payment to the new insurer. As soon as you receive it, keep your new proof of insurance certificate in your glove compartment.

A good piece of advice is that you’ll want to make sure you compare the same deductibles and limits on each price quote and and to get quotes from as many auto insurance providers as possible. This enables a fair price comparison and a thorough selection of prices.

It’s hard to believe, but a large majority of consumers kept their policy with the same company for well over three years, and nearly 40% of drivers have never compared auto insurance rates at all. With the average premium in Ohio being $1,340, drivers could save an average of about 55% each year just by getting comparison quotes, but they feel it’s too difficult to compare rates online.

If you already have coverage or are just looking to switch companies, take advantage of these tips to cut your premiums while maximizing coverage. Buying the cheapest insurance in Cleveland can be much easier if you know how to start. Smart buyers just need to know the least time-consuming way to get comparison rates online.

Ford Expedition detailed coverage information

The coverage table below covers a range of insurance costs for Ford Expedition models. Understanding more about how insurance prices are determined can benefit drivers when making decisions on which insurance to purchase.

Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Rate information does not factor in specific location information which can alter coverage prices considerably.

Insurance deductibles

A question often asked by Cleveland drivers is which deductibles should you choose. The following tables may aid in understanding the price difference when you buy lower versus higher deductibles. The first price estimate table uses a $100 deductible for physical damage and the second rate table uses a $500 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Table data does not factor in your specific Cleveland location which can impact price quotes significantly.

Based on the above data, using a $100 deductible costs about $18 more each month or $216 each year averaged for all Expedition models than opting for the higher $500 deductible. Because you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you have more than 22 months between claims, you would probably come out ahead by going with a higher deductible.

The illustration below demonstrates how deductibles and can influence Ford Expedition insurance costs for different ages of insureds. Data assumes a married female driver, comp and collision included, and no other discounts are factored in.

Should you buy full coverage?

The illustration below shows the comparison of Ford Expedition car insurance rates when comparing full coverage to state minimum liability only. The costs are based on no driving violations, no at-fault accidents, $250 deductibles, drivers are single, and no additional discounts are factored in.

Should you pay for full coverage?

There is no set rule of when to stop paying for comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is about 10% or more of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

For example, let’s assume your Ford Expedition settlement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $6,000 after paying your deductible. If you are paying in excess of $600 a year for full coverage, then it may be the right time to buy liability only.

There are some scenarios where dropping physical damage coverage is not a good plan. If you still have a lienholder on your title, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should keep full coverage.

Buy Ford Expedition Insurance for Less

Lots of factors are considered when pricing auto insurance. Some of the criteria are obvious such as your driving history, but some are more obscure such as your credit history or your financial responsibility.

The following are a few of the “ingredients” companies use to determine your rate level.

Lower rates for cars with good safety ratings – Vehicles with high crash test scores can get you lower premiums. The safest vehicles reduce injuries and any reduction in injury severity translates into fewer and smaller insurance claims which can mean better rates for you. If your Ford Expedition scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may cost less to insure.

Physical damage deductibles – Coverage for physical damage, also called ‘full coverage’, covers your vehicle from damage. Some coverage claims are colliding with a building, hitting a deer, and damage caused by flying debris. Deductibles for physical damage are the amount of money you are required to spend out-of-pocket in the event of a claim. The more damage repair cost you pay before a claim is paid (deductible), the better rate you will receive.

What type of car do you drive? – The performance level of the car or truck you need insurance for makes a significant difference in your rates. Economy passenger models generally have the cheapest insurance rates, but other factors influence the final cost greatly.

The chart below uses these assumptions: single female driver age 30, full coverage with $1000 deductibles, and no discounts or violations. It compares Ford Expedition car insurance rates compared to other models of vehicles that have a range of performances.

Liability insurance safeguards assets – A critical coverage on your policy, liability insurance provides coverage in the event that you are found liable for personal injury or accident damage. Liability provides legal defense coverage to attempt to prove you were not liable. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so buy as much as you can afford.

Loss statistics for a Ford Expedition – Companies analyze claim trends for every vehicle when they calculate premium rates for each model. Vehicles that are shown to have higher frequency or amount of claims will cost more for specific coverages.

The table shown below demonstrates the historical insurance loss data for Ford Expedition vehicles. For each type of coverage, the statistical loss for all vehicles, regardless of make, model or trim level, is a value of 100. Values that are under 100 represent a good loss history, while values over 100 point to more claims or a tendency for losses to be larger than average.

What is the best auto insurance company in Ohio?

Insuring your vehicle with the right insurance provider can be rather challenging considering how many companies there are in Cleveland. The information displayed below can help you analyze which insurers to look at putting your business with.

Top 10 Cleveland Car Insurance Companies Overall

1. USAA
2. 21st Century
3. GEICO
4. Nationwide
5. AAA Insurance
6. Liberty Mutual
7. Safeco Insurance
8. State Farm
9. Travelers
10. American Family

Top 10 Cleveland Car Insurance Companies Ranked by Value

1. USAA
2. GEICO
3. AAA Insurance
4. Erie Insurance
5. State Farm
6. Liberty Mutual
7. Safeco Insurance
8. Allstate
9. 21st Century
10. Travelers

Quote more to save more

You just learned some good ideas how you can compare Ford Expedition insurance premium rates in Cleveland. The key concept to understand is the more times you quote, the better likelihood of getting cheaper Cleveland auto insurance quotes. You may even be surprised to find that the lowest priced car insurance comes from a smaller regional carrier. Some small companies often have lower prices on specific markets compared to the large companies like Allstate or State Farm.

Budget-friendly car insurance in Cleveland can be bought from both online companies in addition to local insurance agencies, so you should be comparing quotes from both to have the best rate selection. There are still a few companies who may not provide online rate quotes and most of the time these small insurance companies provide coverage only through independent agencies.

To read more, feel free to visit the resources below:

• Vehicle Insurance in the U.S. (Wikipedia)
• Who Has Affordable Cleveland Car Insurance for a Toyota Highlander? (FAQ)
• Who Has the Cheapest Auto Insurance Quotes for Drivers Over Age 50 in Cleveland? (FAQ)
• Who Has the Cheapest Auto Insurance Quotes for Unemployed Drivers in Cleveland? (FAQ)
• Who Has Cheap Car Insurance Rates for 17 Year Olds in Cleveland? (FAQ)
• Teen Driving Statistics (iihs.org)
• Rental Car Insurance Tips (Insurance Information Institute)
• Auto Insurance Learning Center (State Farm)
• Event Data Recorders FAQ (iihs.org)