The best way to get low-cost Ford Expedition insurance is to start doing a yearly price comparison from providers who sell insurance in Columbus.
Step 1: Get a basic knowledge of what is in your policy and the things you can control to keep rates down. Many things that are responsible for high rates like your driving record and a not-so-good credit rating can be remedied by making minor changes in your lifestyle.
Step 2: Compare prices from direct, independent, and exclusive agents. Exclusive and direct companies can give quotes from a single company like Progressive or Farmers Insurance, while independent agencies can quote prices from multiple insurance companies. View rates
Step 3: Compare the price quotes to your existing coverage to determine if you can save on Expedition insurance. If you find a lower rate, make sure coverage does not lapse between policies.
Step 4: Provide proper notification to your current company to cancel your current coverage. Submit a down payment along with a signed application to your new carrier. Be sure to put the new certificate verifying proof of insurance in a readily accessible location in your vehicle.
A tip to remember is to make sure you enter the same deductibles and limits on every quote and and to get price estimates from as many different insurance providers as possible. Doing this provides an accurate price comparison and a thorough selection of prices.
It's hard to fathom, but a large majority of car insurance policyholders in Ohio have stayed with the same insurance company for at least four years, and practically 40% of car insurance customers have never even compared quotes to find affordable rates. Consumers in America could save $850 every year by just shopping around, but they think it's difficult to compare rates and save money.
If you have coverage now, you will definitely be able to cut your premiums using the tips covered below. Locating the best rates in Columbus is actually quite simple. Nevertheless, Ohio car owners benefit from understanding the way insurance companies calculate their prices and use this information to your advantage.
How do Car Insurance Companies Determine Ford Expedition Insurance Prices?
Smart consumers have a good feel for a few of the rating criteria that come into play when calculating your insurance rates. If you know what determines premiums, this allows you to make good choices that could result in much lower annual insurance costs.
The list below includes some of the items utilized by car insurance companies to help set your rate level.
Never let your insurance policy lapse - Not having insurance is illegal and your next policy will cost more because you let your coverage cancel without a new policy in place. Not only will you pay more, the inability to provide proof of insurance could result in fines or a revoked license. You could then be forced to file a SR-22 with the Ohio motor vehicle department.
Tickets inflate premiums - Drivers who don't get tickets pay lower auto insurance prices compared to bad drivers. Having just one moving violation can boost insurance rates forty percent or more. Drivers unfortunate enough to have severe violations like DWI, reckless driving or hit and run convictions may face state-mandated requirements to submit a SR-22 or proof of financial responsibility with their state's department of motor vehicles in order to prevent a license revocation.
The diagram below illustrates how violations and at-fault claims can raise Ford Expedition insurance rates for different age groups of insureds. The data assumes a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no additional discounts are factored in.
Poor credit rating equals high rates - Credit history is likely to be a major factor in determining premium rates. People that have high credit ratings tend to be more responsible and file fewer claims than those with poor credit scores. If your credit leaves room for improvement, you could pay less to insure your Ford Expedition by repairing your credit.
More miles equals more premium - The higher the miles on your Ford each year the higher your rate. Most insurance companies price each vehicle's coverage based on how the vehicle is used. Cars that do not get driven very much can get a lower rate than vehicles that have high annual mileage. Verify your insurance declarations sheet is rated on the correct driver usage. Having an incorrect usage rating on your Expedition may be costing you higher rates.
Bundle home and auto and save - Most insurance companies allow better rates to policyholders who have multiple policies with them in the form of a multi-policy discount. Discounts can add up to ten or even fifteen percent. Even if you qualify for this discount already, consumers should still shop around to verify if the discount is saving money. Drivers may still save more without the discount by buying insurance from a different company.
Prices go up with performance - The type of car you need insurance for makes a significant difference in how high your rates are. The best insurance prices are usually for smaller low performance passenger cars, but that's not the only thing that factors into the final price.
The data below is based on a single male driver age 20, full coverage with $100 deductibles, and no discounts or violations. The data compares Ford Expedition rates compared to other models of vehicles that have a range of performance risks.
Your address can influence price - Being located in smaller towns and rural areas of the country may provide you with better prices when talking about insurance. Fewer drivers means a lower chance of having an accident. Drivers in populated Ohio areas tend to have congested traffic and longer commute times. More time on the road statistically corresponds to a higher accident and claim rate.
Claims statistics for a Ford Expedition - Companies use data from past claims when setting premium rates. Vehicles that the data determines to have a higher amount or frequency of claims will have higher rates.
The table shown below demonstrates the insurance loss data for Ford Expedition vehicles. For each coverage category, the statistical loss for all vehicles, regardless of manufacturer or model, is represented as 100. Percentage values below 100 imply a favorable loss record, while numbers above 100 indicate frequent claims or statistically larger claims.
|Specific Ford Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Ford Expedition 4dr 2WD||67||88||82||55||45||70|
|Ford Expedition 4dr 4WD||70||98||90||54||62||56|
|Ford Expedition EL 4dr 2WD||74||104||97||52|
|Ford Expedition EL 4dr 4WD||88||96||110||63||60||96|
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
When comparing car insurance rates, know that obtaining a wide range of quotes increases the chance that you will find more affordable insurance. Not every company does Columbus Expedition insurance quotes online, so it's recommended that you also compare quotes from those companies as well.
The auto insurance companies shown below can provide free rate quotes in Ohio. If multiple companies are listed, we recommend you compare several of them to get a more complete price comparison.
Statistics and details
The price information shown below showcases different insurance policy prices for Ford Expedition models. Learning as much as possible about how premiums are formulated can assist in making informed decisions.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Expedition SSV 2WD||$150||$250||$218||$12||$66||$696||$58|
|Expedition XLT 2WD||$170||$304||$218||$12||$66||$770||$64|
|Expedition SSV 4WD||$170||$304||$218||$12||$66||$770||$64|
|Expedition XLT 4WD||$170||$304||$218||$12||$66||$770||$64|
|Expedition Eddie Bauer 2WD||$170||$358||$218||$12||$66||$824||$69|
|Expedition Limited 2WD||$170||$358||$218||$12||$66||$824||$69|
|Expedition Eddie Bauer 4WD||$170||$358||$218||$12||$66||$824||$69|
|Expedition King Ranch 4WD||$190||$358||$218||$12||$66||$844||$70|
|Expedition King Ranch 2WD||$190||$358||$218||$12||$66||$844||$70|
|Expedition Limited 4WD||$190||$358||$218||$12||$66||$844||$70|
|Get Your Own Custom Quote Go|
Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Premium costs do not factor in specific location which can alter premiums substantially.
How high should deductibles be?
One of the most common car insurance questions is how high should the physical damage coverage deductibles be. The comparison tables below help summarize how much more you'll pay of buying low and high policy deductibles. The first rate quote example uses a $100 physical damage deductible and the second set of rates uses a $1,000 deductible.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Expedition SSV 2WD||$196||$290||$192||$12||$58||$773||$64|
|Expedition XLT 2WD||$220||$352||$192||$12||$58||$859||$72|
|Expedition SSV 4WD||$220||$352||$192||$12||$58||$859||$72|
|Expedition XLT 4WD||$220||$352||$192||$12||$58||$859||$72|
|Expedition Eddie Bauer 2WD||$220||$416||$192||$12||$58||$923||$77|
|Expedition Limited 2WD||$220||$416||$192||$12||$58||$923||$77|
|Expedition Eddie Bauer 4WD||$220||$416||$192||$12||$58||$923||$77|
|Expedition King Ranch 4WD||$246||$416||$192||$12||$58||$949||$79|
|Expedition King Ranch 2WD||$246||$416||$192||$12||$58||$949||$79|
|Expedition Limited 4WD||$246||$416||$192||$12||$58||$949||$79|
|Get Your Own Custom Quote Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Expedition SSV 2WD||$108||$152||$192||$12||$58||$522||$44|
|Expedition XLT 2WD||$122||$186||$192||$12||$58||$570||$48|
|Expedition SSV 4WD||$122||$186||$192||$12||$58||$570||$48|
|Expedition XLT 4WD||$122||$186||$192||$12||$58||$570||$48|
|Expedition Eddie Bauer 2WD||$122||$220||$192||$12||$58||$604||$50|
|Expedition Limited 2WD||$122||$220||$192||$12||$58||$604||$50|
|Expedition Eddie Bauer 4WD||$122||$220||$192||$12||$58||$604||$50|
|Expedition King Ranch 4WD||$136||$220||$192||$12||$58||$618||$52|
|Expedition King Ranch 2WD||$136||$220||$192||$12||$58||$618||$52|
|Expedition Limited 4WD||$136||$220||$192||$12||$58||$618||$52|
|Get Your Own Custom Quote Go|
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Estimates do not factor in specific Columbus garaging location which can influence prices considerably.
We can derive from the above data that using a $100 deductible costs an average of $26 more each month or $312 annually across all Ford Expedition models than choosing the higher $1,000 deductible. Since you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you average more than 35 months between claims, you would come out ahead if you decide on a higher deductible. The numbers below show a better example of how you can make this decision for your own policy.
|Average monthly premium for $100 deductibles:||$75|
|Average monthly premium for $1,000 deductibles (subtract):||- $49|
|Monthly savings from raising deductible:||$26|
|Difference between deductibles ($1,000 - $100):||$900|
|Divide difference by monthly savings:||$900 / $26|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||35 months|
One important issue to know is that a higher deductible means you will have to pay more out-of-pocket when you file a claim. It will be required that you have enough disposable savings in the event you have to pay the deductible for vehicle repair.
Rate comparison of male drivers versus female drivers
The information below shows the comparison of Ford Expedition insurance costs for male and female drivers. The premiums are based on no tickets, no at-fault accidents, comprehensive and collision coverage, $500 deductibles, drivers are not married, and no policy discounts are applied.
Price comparison of only insuring for liability
The example below compares Ford Expedition yearly insurance costs with and without physical damage coverage. The data assumes no tickets, no at-fault accidents, $100 deductibles, marital status is single, and no discounts are taken into consideration.
When to drop comprehensive and collision
There is no clear-cut formula of when to exclude physical damage coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is more than about 10% of replacement cost minus your deductible, then it could be time to drop full coverage.
For example, let's assume your Ford Expedition replacement cost is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $6,000 after the policy deductible has been paid. If premiums are more than $600 a year for your policy with full coverage, then it's probably a good time to buy liability coverage only.
There are some scenarios where dropping physical damage coverage is not advised. If you still owe a portion of the original loan, you have to keep full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage.
Insurance just makes sense
Even though it's not necessarily cheap to insure a Ford in Columbus, buying insurance may be mandatory for several reasons.
- Most states have mandatory insurance requirements which means you are required to carry a specific minimum amount of liability insurance if you don't want to risk a ticket. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a lien on your Ford, it's guaranteed your bank will force you to have comprehensive coverage to ensure they get paid if you total the vehicle. If you let the policy lapse, the bank may buy a policy for your Ford at a much higher premium rate and force you to pay the higher price.
- Insurance protects both your assets and your vehicle. It will also cover medical transport and hospital expenses for yourself as well as anyone injured by you. Liability coverage also pays for attorney fees and expenses if someone files suit against you as the result of an accident. If damage is caused by hail or an accident, your policy will cover the damage repairs after a deductible is paid.
The benefits of carrying adequate insurance definitely exceed the price paid, especially when you need to use it. An average driver in America is currently overpaying as much as $800 each year so you should quote rates at every policy renewal to ensure rates are competitive.
Save money by taking advantage of discounts
Insurance can be pricey, but you might find some hidden discounts that you may not even know about. Certain discounts will be triggered automatically when you purchase, but lesser-known reductions have to be specially asked for before you will receive the discount.
- Buy New and Save - Buying insurance on a new vehicle can be considerably cheaper because new vehicles have to meet stringent safety requirements.
- Discount for Life Insurance - Some companies give a break if you buy life insurance.
- Professional Memberships - Being a member of certain professional organizations is a good way to get lower rates on your policy.
- Discounts for Multiple Vehicles - Purchasing coverage when you have more than one vehicle on the same insurance policy can get a discount for every vehicle.
- Renewal Discounts - Some companies provide a discount for buying a new policy before your current expiration date. You could save around 10% when you buy Columbus car insurance online.
It's important to understand that many deductions do not apply to the whole policy. Most only reduce the cost of specific coverages such as liability and collision coverage. So when the math indicates you could get a free insurance policy, insurance companies wouldn't stay in business.
The chart below illustrates the comparison of Ford Expedition auto insurance costs with and without discounts. The price estimates are based on a male driver, no claims or driving violations, Ohio 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 homeowner, multi-car, marriage, claim-free, safe-driver, and multi-policy discounts applied.
A list of insurance companies and a partial list of their discounts are shown below.
- 21st Century has savings for defensive driver, anti-lock brakes, teen driver, student driver, and driver training.
- State Farm policyholders can earn discounts including accident-free, Steer Clear safe driver discount, driver's education, good student, safe vehicle, and good driver.
- AAA offers discounts including good student, multi-policy, AAA membership discount, multi-car, and anti-theft.
- Liberty Mutual may include discounts for newly retired, good student, new graduate, newly married, new vehicle discount, teen driver discount, and multi-car.
- Progressive has discounts for good student, online quote discount, homeowner, online signing, continuous coverage, and multi-policy.
Before buying, ask all the companies how many discounts you can get. All car insurance discounts may not apply to policies in your state. To see insurance companies that can offer you the previously mentioned discounts in Ohio, follow this link.
Insurance is available from local agents
A small number of people just want to talk to an insurance agent and that is not a bad decision One of the best bonuses of comparing insurance online is the fact that you can find cheap insurance rates and also buy local. Supporting local agents is important particularly in Columbus.
To help locate an agent, after submitting this form (opens in new window), your insurance coverage information is submitted to insurance agents in Columbus who will give competitive quotes for your coverage. There is no reason to contact an agency since rate quotes are delivered directly to you. You can find the lowest rates without requiring a lot of work. In the event you want to get a price quote from a specific company, feel free to visit that company's website and give them your coverage information.
If you would like to find a reliable agent, you need to know there are two different types of agencies and how they can write your policy. Agents can be described as either exclusive or independent (non-exclusive).
Independent Agencies or Brokers
Independent agencies are not employed by one company and that allows them to write policies through many companies and find you the best rates. If you are not satisfied with one company, your agent can just switch to a different company and you don't have to do anything.
When comparing rate quotes, you absolutely need to contact a few independent agents in order to have the best price comparison.
The following is a short list of independent agents in Columbus that may be able to provide free price quotes.
Nationwide Insurance: Sylvia A Garrett Insurance Agency Llc
1 W Nationwide Blvd - Columbus, OH 43215 - (614) 249-2141 - View Map
Exclusive Insurance Agencies
These agents can only provide one company's prices like Allstate, State Farm and Farmers Insurance. These agents are not able to place coverage with different providers so it's a take it or leave it situation. Exclusive agencies receive a lot of sales training on the products they sell which aids in selling service over price.
The following are exclusive insurance agents in Columbus that can give you price quotes.
Picking the best auto insurance agent is decision based upon more than just the price. These questions are important to ask:
- Are you getting all the discounts the company offers?
- Can you contact them at any time?
- Do they reduce claim amounts on high mileage vehicles?
- Are aftermarket or OEM parts used to repair vehicles?
- Does the company allow you to choose your own collision repair facility?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Is coverage determined by price?
Auto insurance can be complex
When selecting the right insurance coverage, there really isn't a "best" method to buy coverage. Your needs are unique to you so your insurance should reflect that For example, these questions can aid in determining if your insurance needs will benefit from professional help.
- Is my cargo covered for damage or theft?
- Do I need roadside assistance coverage?
- Why am I be forced to buy a membership to get insurance from some companies?
- What states are considered no-fault?
- What is high-risk coverage and where do I buy it?
- Do I pay less for low miles?
- Can I still get insurance after a DUI?
- Am I covered when using my vehicle for business?
- Are combined or split liability limits better?
- How does medical payments coverage work?
Be persistent to save money
Lower-priced car insurance in Columbus is available on the web and from local agencies, so get free Columbus car insurance quotes from both of them in order to have the best price selection to choose from. A few companies do not offer online rate quotes and many times these regional carriers sell through independent agents.
In this article, we presented a lot of ways to lower your Ford Expedition insurance premium rates in Columbus. It's most important to understand that the more rate comparisons you have, the higher the chance of saving money. You may even be surprised to find that the best premium rates are with the least-expected company. These companies often have lower prices on specific markets than the large multi-state companies such as State Farm and Allstate.
As you go through the steps to switch your coverage, it's very important that you do not skimp on critical coverages to save a buck or two. In many cases, an insured cut uninsured motorist or liability limits only to regret at claim time that it was a big error on their part. Your goal is to purchase a proper amount of coverage at the best cost, but do not skimp to save money.
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