Compare Ford Taurus Insurance Quotes in Philadelphia

Insurance rates Ford Taurus in PhiladelphiaAre you trying to find low-cost Ford Taurus insurance in Philadelphia? When trying to find lower-priced insurance, are you intimidated by the dozens of car insurance companies that you can choose from? Vehicle owners have such a large number of options that it is a big hassle to find a more affordable company. Everyone knows that Philadelphia is a great place to live, but expensive car insurance premiums can make it hard for many drivers to afford enough coverage.

It’s a known fact that car insurance companies want to keep your business as long as possible. People who compare other rates will probably switch companies because there are good odds of finding more affordable rates. A recent survey found that people who make a habit of shopping around saved about $850 each year compared to policyholders who never compared prices.

If finding budget-friendly auto insurance is why you’re reading this, then having an understanding of how to get rate quotes and compare car insurance can help you be more efficient.

Quoting and comparing the best-priced insurance in Philadelphia is quite easy. In essence, every driver who is required to buy insurance will probably be able to save money. Nevertheless, Pennsylvania vehicle owners must comprehend how companies calculate your insurance rates because it varies considerably.

To find the best car insurance quotes, there are several ways to compare rate quotes from car insurance companies in your area. The best way to find affordable Ford Taurus insurance rates is to use the internet to compare rates. When comparison shopping, having more price comparisons increases the chance that you will find a better price.

The companies shown below provide comparison quotes in Philadelphia, PA. If multiple companies are shown, we suggest you visit as many as you can to find the cheapest auto insurance rates.

Car insurance statistics and figures

The data table shown below showcases different policy rates for Ford Taurus models. Having a good understanding how insurance quotes are formulated helps drivers make smart choices when buying a policy.

Ford Taurus Insurance Rates in Philadelphia, PA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Taurus SE $200 $356 $372 $22 $112 $1,062 $89
Taurus SEL $224 $420 $372 $22 $112 $1,150 $96
Taurus SEL AWD $224 $420 $372 $22 $112 $1,150 $96
Taurus Limited $224 $420 $372 $22 $112 $1,150 $96
Taurus Limited AWD $224 $484 $372 $22 $112 $1,214 $101
Taurus SHO AWD $246 $484 $372 $22 $112 $1,236 $103
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Prices based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Pennsylvania minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Rate information does not factor in garaging location in Philadelphia which can modify coverage rates greatly.

Deductible analysis

When comparing car insurance rates, the most common question is where should you set your physical damage deductibles. The following insurance rates outline the rate differences between low and high physical damage deductibles. The first price estimate table uses a $250 physical damage deductible and the second data table uses a $500 deductible.

Ford Taurus insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Taurus SE $288 $428 $330 $20 $98 $1,189 $99
Taurus SEL $320 $506 $330 $20 $98 $1,299 $108
Taurus SEL AWD $320 $506 $330 $20 $98 $1,299 $108
Taurus Limited $320 $506 $330 $20 $98 $1,299 $108
Taurus Limited AWD $320 $582 $330 $20 $98 $1,375 $115
Taurus SHO AWD $352 $582 $330 $20 $98 $1,407 $117
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Ford Taurus insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Taurus SE $234 $346 $330 $20 $98 $1,028 $86
Taurus SEL $260 $408 $330 $20 $98 $1,116 $93
Taurus SEL AWD $260 $408 $330 $20 $98 $1,116 $93
Taurus Limited $260 $408 $330 $20 $98 $1,116 $93
Taurus Limited AWD $260 $468 $330 $20 $98 $1,176 $98
Taurus SHO AWD $286 $468 $330 $20 $98 $1,202 $100
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Premium costs do not factor in your specific Philadelphia location which can affect prices greatly.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs about $15 more each month or $180 a year across all Ford Taurus models than opting for the higher $500 deductible. Because you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you normally go at least 17 months between claim filings, you would most likely save money going with the higher deductible. Below is how you can do this calculation yourself.

Average monthly premium for $250 deductibles: $109
Average monthly premium for $500 deductibles (subtract): – $94
Monthly savings from raising deductible: $15
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $15
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

The chart below shows how different deductible levels and can increase or decrease Ford Taurus insurance premiums for different categories of driver ages. Data assumes a married male driver, comp and collision included, and no policy discounts are applied.

Yearly car insurance costs for men versus women

The example below shows the comparison of Ford Taurus premium costs for male and female drivers. The costs are based on no accidents or driving violations, comp and collision included, $1,000 deductibles, single status, and no other discounts are factored in.

Do you need full coverage?

The example below illustrates the comparison of Ford Taurus insurance rates with full coverage and liability only. The premiums assume no claims or violations, $1,000 deductibles, marital status is single, and no additional discounts are factored in.

When to eliminate full coverage

There isn’t a steadfast formula for phasing out full coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.

For example, let’s pretend your Ford Taurus book value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $8,000 after the policy deductible has been paid. If you are paying in excess of $800 a year to have full coverage, then you may want to consider only buying liability coverage.

There are some cases where only buying liability is not advised. If you still have a lienholder on your title, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not buy liability only.

Auto insurance is not optional but you don’t have to overpay

Even though it’s not necessarily cheap to insure a Ford in Philadelphia, auto insurance is required in Pennsylvania but also provides important benefits.

The benefits of buying enough insurance definitely exceed the price paid, especially if you ever need it. An average driver in America is overpaying more than $850 per year so shop around at least once a year to save money.

You may qualify for discounts for Ford Taurus insurance in Philadelphia

Auto insurance is not an enjoyable expense, but companies offer discounts that could drop your premiums quite a bit. Larger premium reductions will be automatically applied when you purchase, but a few need to be specifically requested before you get the savings.Cheaper auto insurance with discounts

It’s important to understand that many deductions do not apply to the overall cost of the policy. Some only reduce specific coverage prices like medical payments or collision. Even though it appears all those discounts means the company will pay you, that’s just not realistic.

The example below illustrates the difference between Ford Taurus insurance premiums with and without discounts. The costs are based on a female driver, no accidents, no driving violations, Pennsylvania state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, claim-free, marriage, multi-policy, and multi-car discounts applied.

A few of the larger companies and a partial list of their discounts include:

If you need lower rates, check with every insurance company which discounts you qualify for. Depending on the company, some discounts might not apply everywhere. For a list of providers offering auto insurance discounts in Pennsylvania, click this link.

When to talk to a local insurance agent

Some people would rather go talk to an agent and that is not a bad decision One of the benefits of getting free rate quotes online is you can get lower rates and still have a local agent. Buying insurance from neighborhood insurance agencies is definitely important in Philadelphia.

Philadelphia insurance agentsFor easy comparison, once you complete this short form, your information gets sent to participating agents in Philadelphia who will give you bids for your insurance coverage. You never need to contact any agents because prices are sent to you. You can find better rates and a licensed agent to work with. If for some reason you want to compare rates from one company in particular, don’t hesitate to go to their quote page and fill out their quote form.

The following are Philadelphia auto insurance companies that are able to give rate quotes for Ford Taurus insurance in Philadelphia.

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Selecting an provider requires more thought than just a low price. Get answers to these questions too.

If you get good feedback for all questions you ask and a low price estimate, you may have found an insurer that is reputable and can properly service your auto insurance policy. But keep in mind it’s your policy and you can cancel your policy for any reason so don’t think that you are obligated to a specific company indefinitely.

Insurance coverages 101

Knowing the specifics of insurance can help you determine the right coverages and the correct deductibles and limits. Insurance terms can be impossible to understand and nobody wants to actually read their policy.

Collision coverage protection

Collision coverage covers damage to your Taurus resulting from colliding with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as sustaining damage from a pot hole, rolling your car, driving through your garage door and backing into a parked car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Drivers also have the option to bump up the deductible on your Taurus in order to get cheaper collision rates.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses like dental work, EMT expenses, funeral costs and pain medications. The coverages can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. Coverage applies to you and your occupants as well as if you are hit as a while walking down the street. PIP is only offered in select states and may carry a deductible

Auto liability

This protects you from damage or injury you incur to a person or their property in an accident. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 15/30/5 that means you have a $15,000 limit per person for injuries, a limit of $30,000 in injury protection per accident, and a total limit of $5,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for things like attorney fees, funeral expenses, loss of income, pain and suffering and medical services. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford. Pennsylvania requires drivers to carry at least 15/30/5 but drivers should carry higher limits.

The next chart shows why buying the state minimum limits may not be adequate coverage.

Comprehensive coverage

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, hitting a deer, theft, rock chips in glass and hitting a bird. The highest amount a insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist coverage

This coverage provides protection when other motorists do not carry enough liability coverage. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Since many Pennsylvania drivers only purchase the least amount of liability that is required (15/30/5 in Pennsylvania), it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.

Compare car insurance prices regularly to save

When searching for cheaper Philadelphia auto insurance quotes, you should never sacrifice coverage to reduce premiums. There are many occasions where someone dropped physical damage coverage and learned later that it was a big error on their part. Your goal is to buy the best coverage you can find at a price you can afford but still have enough coverage for asset protection.

People who switch companies do it for a variety of reasons including policy non-renewal, lack of trust in their agent, delays in responding to claim requests and extreme rates for teen drivers. It doesn’t matter what your reason, finding a new car insurance company can be pretty painless.

In this article, we covered a lot of ways to get a better price on Ford Taurus insurance in Philadelphia. The key concept to understand is the more times you quote, the better your chances of lowering your rates. Consumers may even find the biggest savings come from some of the smallest insurance companies.

Additional car insurance information is available at the links below