Want to know an easy way to compare more affordable Ford Escape insurance in Denver? Saving money on Ford Escape insurance in Denver is nearly impossible for drivers who have little experience online rate comparisons. With such a big selection of agents and companies in the marketplace, it can quickly become a real difficult job to find cheaper prices in Colorado.
It’s amazing but a large majority of drivers have remained with the same auto insurance company for at least four years, and approximately 38% of consumers have never compared rates to find cheaper insurance. Drivers in Denver could pocket 35% a year by just shopping around, but they don’t know the large savings they would see if they switch to a new company.
Locating the most cost-effective car insurance policy in Denver is actually not that difficult if you follow our advice. If you’re already insured, you should be able to lower your rates using these methods. Nevertheless, Colorado vehicle owners can benefit by having an understanding of how the larger insurance companies set your policy premium because it can help you find the best coverage.
Affordable Ford insurance rates in Denver
The providers in the list below provide free rate quotes in Denver, CO. If multiple companies are shown, we recommend you visit as many as you can to get the best price comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Escape XLS 2WD | $192 | $304 | $298 | $18 | $90 | $902 | $75 |
| Escape XLS 4WD | $140 | $268 | $388 | $22 | $116 | $934 | $78 |
| Escape XLT 2WD | $112 | $196 | $280 | $16 | $84 | $688 | $57 |
| Escape Limited 2WD | $186 | $290 | $404 | $24 | $120 | $1,024 | $85 |
| Escape XLT 4WD | $246 | $346 | $308 | $18 | $92 | $1,010 | $84 |
| Escape Limited 4WD | $208 | $380 | $280 | $16 | $84 | $968 | $81 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Estimates do not factor in the specific area where the vehicle is garaged which can raise or lower premium rates noticeably.
Car insurance rates are higher with tickets and accidents
The illustration below shows how traffic citations and fender-benders impact Ford Escape insurance rates for different age categories. The data assumes a single female driver, comp and collision included, $250 deductibles, and no discounts are applied to the premium.
Comparison of full coverage and liability-only policies
The diagram below illustrates the difference between Ford Escape insurance costs with full coverage compared to only the Colorado minimum liability coverage. The rates are based on no claims or driving citations, $250 deductibles, married male driver, and no discounts are taken into consideration.
When to buy liability coverage only
There is no definitive guideline of when to eliminate comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is about 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.
For example, let’s assume your Ford Escape book value is $4,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $3,000 after the policy deductible has been paid. If it’s costing in excess of $300 annually to have full coverage, then it’s probably a good time to buy liability coverage only.
There are a few cases where dropping physical damage coverage is not advised. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should maintain full coverage.
An analysis of deductible level
When comparing car insurance rates, the most common question is at what level do you set your deductibles. The tables below may aid in understanding the rate difference of buying low and high deductibles. The first set of rates uses a $250 physical damage coverage deductible and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Escape XLS 2WD | $236 | $376 | $298 | $18 | $90 | $1,043 | $87 |
| Escape XLS 4WD | $236 | $376 | $298 | $18 | $90 | $1,043 | $87 |
| Escape XLT 2WD | $236 | $376 | $298 | $18 | $90 | $1,043 | $87 |
| Escape Limited 2WD | $272 | $376 | $298 | $18 | $90 | $1,079 | $90 |
| Escape XLT 4WD | $272 | $376 | $298 | $18 | $90 | $1,079 | $90 |
| Escape Limited 4WD | $272 | $458 | $298 | $18 | $90 | $1,161 | $97 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Escape XLS 2WD | $192 | $304 | $298 | $18 | $90 | $902 | $75 |
| Escape XLS 4WD | $192 | $304 | $298 | $18 | $90 | $902 | $75 |
| Escape XLT 2WD | $192 | $304 | $298 | $18 | $90 | $902 | $75 |
| Escape Limited 2WD | $220 | $304 | $298 | $18 | $90 | $930 | $78 |
| Escape XLT 4WD | $220 | $304 | $298 | $18 | $90 | $930 | $78 |
| Escape Limited 4WD | $220 | $368 | $298 | $18 | $90 | $994 | $83 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Rate quotes do not factor in garaging location in Denver which can revise insurance rates considerably.
We can estimate from the data above that using a $250 deductible costs approximately $13 more each month or $156 annually than choosing the higher $500 deductible. Since you would pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you tend to have at a minimum 19 months between claim filings, you would come out ahead if you decide on a higher deductible.
Calculate deductible break even point
| Average monthly premium for $250 deductibles: | $90 |
| Average monthly premium for $500 deductibles (subtract): | – $77 |
| Monthly savings from raising deductible: | $13 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $13 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 19 months |
One important note is that raising deductibles to save money results in having to pay to pay more out-of-pocket when you have a comprehensive or collision claim. It will be required that you have enough extra savings in order to pay more for the deductible.
Get cheaper Ford Escape insurance in Denver with discounts
The price of auto insurance can be rather high, but there may be some discounts to cut the cost considerably. Most are applied when you quote, but a few need to be manually applied before you will receive the discount. If you’re not getting every credit available, you are just wasting money.
- Drive Safe and Save – Insureds who avoid accidents can save up to 40% or more on their Denver auto insurance quote compared to rates paid by drivers with frequent claims.
- Student Driver Training – It’s a good idea to have your young drivers enroll and complete driver’s education in high school.
- Theft Prevention Discount – Cars equipped with tracking devices and advanced anti-theft systems prevent vehicle theft and will qualify for a discount on a Denver auto insurance quote.
- Anti-lock Brakes – Cars with ABS braking systems or traction control can reduce accidents and qualify for as much as a 10% discount.
- Senior Citizen Rates – Seniors can possibly qualify for a small decrease in premiums.
As a footnote on discounts, most discounts do not apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like comp or med pay. So even though they make it sound like having all the discounts means you get insurance for free, nobody gets a free ride. Any amount of discount should definitely cut the cost of your policy.
A list of companies and the discounts they provide are outlined below.
- GEICO offers premium reductions for driver training, daytime running lights, membership and employees, air bags, and anti-theft.
- MetLife includes discounts for good student, claim-free, accident-free, good driver, defensive driver, multi-policy
- Progressive has savings for online signing, multi-vehicle, multi-policy, online quote discount, good student, homeowner, and continuous coverage.
- Travelers offers discounts including payment discounts, driver training, early quote, multi-policy, IntelliDrive, and multi-car.
- SAFECO offers discounts for multi-car, safe driver, drive less, accident prevention training, teen safe driver, bundle discounts, and anti-lock brakes.
- AAA discounts include education and occupation, multi-car, multi-policy, good driver, and good student.
Before buying, ask every company how you can save money. Some of the discounts discussed earlier may not be offered in every state. To see insurers with the best Ford Escape insurance discounts in Denver, click this link.
How Insurance Providers Calculate Ford Escape Insurance Costs
Many factors are used when you get your auto insurance bill. Some of the criteria are obvious such as traffic violations, but other criteria are more obscure like your vehicle usage or how safe your car is. The best way to find cheaper car insurance is to take a look at some of the factors that are used to determine your policy premiums. If you have some idea of what impacts premium levels, this enables you to make decisions that can help you get lower car insurance prices.
The list below includes a few of the “ingredients” used by companies to determine your rates.
- No car insurance gaps is important – Driving without insurance coverage in place can get you a ticket and you may have a hard time finding new coverage because you let your coverage cancel without a new policy in place. And not only will insurance be more expensive, the inability to provide proof of insurance might get you a steep fine or even jail time.
- Buy a safe car and pay less – Cars with five star safety ratings get lower rates. These vehicles reduce occupant injuries and reduced instances of injuries means less money paid by your insurance company which can mean better rates for you. If your Ford Escape scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may pay a lower rate.
- Single drivers take more risk – Having a spouse actually saves money on your car insurance bill. It demonstrates that you tend to be more mature than a single person and statistics prove married drivers tend to have fewer serious accidents.
- Save miles and save money – Driving more miles annually the more you will pay for car insurance. A lot of companies rate vehicles determined by how the vehicle is used. Autos that sit idle most of the time get more affordable rates than those that get driven frequently. Double check that your declarations sheet properly reflects the correct usage for each vehicle. A policy that improperly rates your Escape can result in significantly higher rates.
- Insurance losses for a Ford Escape – Companies factor in insurance loss information to calculate a rate that offsets possible losses. Vehicles that the data determines to have increased claim numbers or amounts will have higher rates for specific coverages. The next table illustrates the actual insurance loss data for Ford Escape vehicles.
For each policy coverage type, the claim probability for all vehicles, as a total average, is a value of 100. Percentage values below 100 indicate a favorable loss history, while values that are 100 or greater indicate more frequent losses or larger claims.
Insurance Loss Ratings for Ford Escape Vehicles
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Ford Escape 4dr 2WD 80 91 83 94 94 92 Ford Escape 4dr 4WD 81 84 94 85 90 77 Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Auto insurance agents near you
Many people just want to get advice from a local agent and that is not a bad decision A good thing about getting free rate quotes online is that you can obtain lower rates and still choose a local agent.
Upon completion of this form (opens in new window), your information is submitted to local insurance agents in Denver who will gladly provide quotes for your insurance coverage. It simplifies rate comparisons since you won’t have to contact an agency because prices are sent to your email. You’ll get the best rates AND an agent nearby. In the event you want to get a comparison quote for a specific company, feel free to search and find their rate quote page to submit a rate quote request.
Choosing an company needs to be determined by more than just the premium amount. Some important questions to ask are:
- How experienced are they in personal risk management?
- Will they give you a referral list?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- Who are their largest clients?
- Will they take your side in the event of a claim?
Pick the best auto insurance agent in Denver for you
When searching for a good insurance agency, it’s helpful to know the different agency structures and how they differ in how they can insure your vehicles. Insurance agencies in Denver can either be independent or exclusive.
Exclusive Agencies
Exclusive agents normally can only provide a single company’s rates and examples are Farmers Insurance, American Family, State Farm and Allstate. These agents are unable to compare rates from other companies so you might not find the best rates. These agents are usually quite knowledgeable on their company’s products which aids in selling service over price. Some consumers prefer to buy from exclusive agents primarily because of the brand and solid financial strength.
Shown below are exclusive agencies in Denver who can help you get rate quotes.
- Rick Emerson Jr. – State Farm Insurance Agent
4800 Happy Canyon Rd #230 – Denver, CO 80237 – (303) 781-1133 – View Map - Stephanie Sponder – State Farm Insurance Agent
671 E 19th Ave – Denver, CO 80203 – (303) 744-0757 – View Map - Blanca Kerschen – State Farm Insurance Agent
4840 Chambers Rd b – Denver, CO 80239 – (303) 595-9000 – View Map
Independent Car Insurance Agencies
Agents in the independent channel are normally appointed by many insurers so they can quote policies with an assortment of companies depending on which coverage is best. If they find a cheaper price, an independent agent can move your coverage and you stay with the same agent. If you are comparing car insurance prices, you definitely need to include price quotes from a couple of independent agencies for the best price selection. Many write coverage with different regional companies which can be an advantage.
The following are Denver independent agencies that are able to give comparison quotes.
- Moschetti Michael – Isu Insurance Svc Of Co
950 17th St #1000 – Denver, CO 80202 – (303) 534-2133 – View Map - Madison Insurance Group
600 S Cherry St #900 – Denver, CO 80246 – (800) 636-6185 – View Map - Sorhage and James Insurance
1660 S Albion St # 1005 – Denver, CO 80222 – (303) 759-4551 – View Map
Brand name doesn’t guarantee savings
Companies like State Farm, GEICO and Progressive endlessly run television, radio, and online ads. They all seem to advertise claims about savings just by moving to them. How is it possible that every company can sell you cheaper insurance coverage? It’s all in the words they use.
Many companies require specific criteria for the type of customer that makes them money. For example, a profitable risk profile should be a married male, has few claims, and has a short commute. Any new insured who matches that profile receives the best premium rates in Denver and as a result will probably save money with a new company.
Consumers who may not quite match these stringent criteria will probably be forced to pay higher prices and ends up with the prospect going elsewhere. The wording the ads use say “drivers that switch” not “everyone that quotes” save that much. That’s the way insurance companies can confidently advertise the savings. This really illustrates why you absolutely need to compare rate quotes every year. It’s just not possible to know which insurance company will have better premium rates than you’re paying now.
You can lower your insurance rates
Throughout this article, we presented a lot of ways to save on Ford Escape insurance in Denver. The key concept to understand is the more companies you get car insurance rates for, the better chance you’ll have of finding inexpensive Denver auto insurance quotes. You may even be surprised to find that the best price on insurance is with the least-expected company.
Drivers who switch companies do it for a number of reasons such as denial of a claim, high rates after DUI convictions, extreme rates for teen drivers or lack of trust in their agent. Whatever your reason, choosing a new company is pretty easy and you might even save some money in the process.
As you restructure your insurance plan, it’s a bad idea to sacrifice coverage to reduce premiums. In many instances, someone sacrificed comprehensive coverage or liability limits only to regret at claim time that the savings was not a smart move. Your objective should be to buy the best coverage you can find at the best cost.
More resources
- Keeping Children Safe in Crashes Video (iihs.org)
- How Much are Car Insurance Quotes for a Kia Optima in Denver? (FAQ)
- Who Has the Cheapest Car Insurance for Uninsured Drivers in Denver? (FAQ)
- Who Has Affordable Auto Insurance for Drivers with a Bad Driving Record in Denver? (FAQ)
- Top Signs Your Brakes are Giving Out (State Farm)
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
- Side Impact Crash Tests (iihs.org)
- Choosing an Insurance Company (Insurance Information Institute)