Jessica Sautter is a Content Writer for CarInsuranceCompanies.com with a Bachelor’s Degree from Eastern Michigan University in Elementary Education with a Major in Reading and a Minor in Mathematics.

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Chris Harrigan has an economic degree from Limestone College and an MBA from Clemson University. He previously managed auto insurance claims for Enterprise Rent-A-Car. Currently, he is using his business and insurance expertise to provide insurance data analysis and visualizations to enhance the user experience.

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Reviewed by Chris Harrigan
Former Auto Insurance Claims Manager

UPDATED: Oct 16, 2020

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Here's what you need to know...

  • One of the best ways to compare car insurance quotes is online
  • Car insurance companies routinely check a prospective customer’s credit score when calculating premiums
  • Insurance premiums are largely tied to the number of services they cover, as well as the level of the deductible they provide

In tough economic times, many consumers are looking for ways to scale back their budget in order to spend less and save more.

One of the best and easiest ways to scale back is to take a look at Ford car insurance costs whether for an existing Ford vehicle or for one that you are considering purchasing.

Compare car insurance for FREE by entering your zip code into our free tool above!

Table of Contents

Pay Your Insurance in Quarterly or Six-Month Payments

Many insurance shoppers are drawn to the low start-up cost of initiating a monthly premium because it means they have to pay less money up front and it results in less of an immediate, direct hit on their finances.

However, monthly payment plans offer immediate savings in favor of greater long-term expenses.

First and foremost, insurance companies are playing a game of risk. Each customer who only pays their insurance premiums one month ahead of time is a potential financial risk.

Should they fail to pay, even for one month, they immediately lose insurance coverage.

This costs companies money and can cost motorists in the event of an accident.

Secondly, to discourage customers from enrolling in a monthly premium payment plan, insurance companies tack on payment processing fees that can be as high as ten dollars per month.

By paying up front, customers get to escape these lofty payment processing fees as well as reassure their insurance provider that their coverage is not going to lapse in the event of non-payment in a mere thirty days.

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2. Know Your Credit Score and Keep it High

Car insurance companies routinely check a prospective customer’s credit score when calculating the amount of their insurance premium.

This is because customers with higher credit scores are considered less of a financial risk to the company, and studies have even shown them to be less of a risk on the roads themselves.

Customers will have their credit checked at the beginning of a policy when comparing plans and searching for quotes, but their score will not be rechecked as long as their policy remains continuous.

Registering a new vehicle will initiate a credit check for that policy, however, and customers are free to call their insurance representative and ask that their credit score is reexamined at any time.

If your credit score has gone up, the price of your Ford car insurance may very well go down.

It’s important to be mindful of your credit score and be sure to have the insurance provider of your choice reexamine it from time to time.

3. Bundle for Savings

One of the easiest ways to save on Ford car insurance is by bundling multiple policies with the same provider.

This includes not only multiple car insurance policies, but other types of insurance such as homeowner’s insurance, renter’s insurance, and others.

Many companies offer discounts for bundling all of your services with them.

When comparing online, many will advertise these savings and explicitly ask if you have other policies that you would like to combine under their service umbrella.

4. Check Insurance Rates Before Buying Your Vehicle

The common wisdom about Ford car insurance is that a two-door coupe or four-door sedan is much cheaper to insure than a larger SUV or minivan.

But that may not always be the case, depending on features specific to each model of vehicle, its mileage, and other considerations.

If you’re in the market for a new vehicle, do a hypothetical comparison shop with the providers in your state before purchasing a vehicle.

The savings or, conversely, the expenses, of each model of Ford automobile may surprise you and help you make a more budget-friendly decision on the dealer’s lot.

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5. Consider a Higher Deductible and Fewer Services

Insurance premiums are largely tied to the number of services they cover, as well as the level of the deductible they provide.

A lower deductible means that you’ll pay less in the event of an accident, but you’ll pay more each month for that peace of mind.

Many insurance companies also offer roadside assistance services like towing, which can add a good amount to the cost of premiums.

Many drivers may opt to remove this service in favor of an AAA membership.

And that’s a good thing to keep in mind when comparison shopping and selecting a premium: a little extra care and maintenance will go a long way toward keeping your car in good shape.

Always compare the savings options between multiple providers and contact a customer service representative or an agent if you have any unique concerns, situations, or needs.

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References:

  1. https://www.experian.com/blogs/ask-experian/credit-education/score-basics/what-is-a-good-credit-score/
  2. https://www.statefarm.com/insurance/auto/discounts
  3. https://www.ford.com/
  4. https://www.progressive.com/vehicle-resources/rcti/
  5. https://www.nationwide.com/roadside-assistance.jsp
  6. https://www.autoclubmo.aaa.com/