Affordable Insurance for a Ford Flex in Nashville

It goes without saying that car insurance companies don’t want you to look for cheaper rates. Consumers who compare price quotes are very likely to switch to a new company because there is a good probability of finding more affordable rates. A recent auto insurance study revealed that people who regularly compared rates saved about $70 a month compared to other drivers who never shopped around for cheaper prices.

If finding the lowest price on insurance is why you’re here, then learning a little about how to choose a company and compare car insurance can help you succeed in saving money.

The best way to get budget Ford Flex insurance in Nashville is to make a habit of comparing prices annually from providers in Tennessee.

Step 1: Learn about what is in your policy and the steps you can take to prevent expensive coverage. Many risk factors that drive up the price like speeding tickets, accidents and a not-so-good credit rating can be rectified by making minor changes in your lifestyle.

Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can provide rates from a single company like Progressive or Allstate, while independent agents can provide rate quotes for a wide range of companies.

Step 3: Compare the new quotes to your current policy premium to see if a cheaper rate is available in Nashville. If you find a lower rate quote and buy the policy, verify that coverage does not lapse between policies.

Step 4: Give notification to your agent or company to cancel your current car insurance policy. Submit the required down payment along with the signed application to your new carrier. Don’t forget to keep the new proof of insurance certificate in an accessible location in your vehicle.

The critical component of shopping around is to use identical deductibles and limits on each quote request and and to get quotes from as many different companies as possible. This enables a fair price comparison and a thorough selection of prices.

Quoting the best-priced policy in Nashville is quite easy. If you’re already insured or are shopping for new coverage, you can use these tips to shop for the lowest rates while maximizing coverage. Drivers just need to know the most effective way to compare rate quotes from multiple carriers.

How You Can Control Ford Flex Insurance Rates

Many factors are part of the calculation when you quote your car insurance policy. Some of the criteria are obvious such as traffic violations, but some are not as apparent such as your credit history or your financial responsibility.

File insurance claims and pay more – If you file a lot of claims you should expect either policy cancellation or increased premiums. Companies in Tennessee provide most affordable rates to people who file claims infrequently. Auto insurance is designed for the bigger claims that can’t be paid out-of-pocket.

Expect high rates for teens – More mature drivers are more responsible, cost insurance companies less in claims, and are safer drivers. Inexperience drivers are known to be careless and easily distracted when behind the wheel and because of this, their auto insurance rates are much higher.

The data below is based on a single driver, full coverage with $1000 deductibles, and no discounts or violations.

No policy gaps is important – Not having insurance is a big no-no and you will pay a penalty because you let your insurance lapse for non-payment. In addition to paying higher rates, failure to provide proof of insurance could earn you a steep fine or even jail time. You may have to file a SR-22 with the Tennessee motor vehicle department.

See if your company offers a multi-policy discount – The majority of companies give a discount to clients who carry more than one policy, otherwise known as a multi-policy discount. Discounts can amount to ten percent or more. If you currently are using one company, it’s still a good idea to check prices from other companies to make sure you are getting the best deal.

Five star IIHS safety rating saves money – Cars with high safety ratings are cheaper to insure. Safe vehicles reduce the chance of injuries and any reduction in injury severity translates into savings for insurance companies and thus lower rates. If the Ford Flex is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may cost less to insure.

Ford Flex statistical loss data – Companies use past loss statistics for each vehicle as a tool for profitable underwriting. Vehicles that historically have a trend towards higher claims will have increased rates. The table shown below demonstrates the historical insurance loss data for Ford Flex vehicles.

For each policy coverage type, the loss probability for all vehicles averaged together is equal to 100. Numbers shown that are under 100 represent a good loss history, while values that are above 100 indicate more frequent claims or statistically larger losses.

Ford Flex insurance analysis

The rate table below outlines a range of coverage costs for Ford Flex models. Having a better understanding of how insurance policy rates are figured can help you make smart buying decisions.

Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Price estimates do not factor in Nashville location which can increase or decrease auto insurance rates considerably.

Analysis of deductible levels

One of the hardest decisions when shopping for insurance is the level to set your comp and collision deductibles. The comparisons below lay out the differences in premium rates of buying low and high physical damage deductibles. The first set of prices uses a $250 deductible for comp and collision and the second rate chart uses a $500 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Table data does not factor in the specific area where the vehicle is garaged which can lower or raise insurance rates greatly.

Based on the figures above, using a $250 deductible will cost in the ballpark of $13 more each month or $156 for a full year than quoting the higher $500 deductible. Since you would have to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to average at least 19 months between claims, you would probably be better off by selecting a higher deductible.

One thing to note is that raising deductibles to save money means you will have to pay more of your own money when you have a claim. You need to make sure you have enough money stashed away in order to pay the deductible for vehicle repair.

The example below highlights how deductible selection and can raise or lower Ford Flex annual premium costs for each different age category. The price estimates are based on a single male driver, comprehensive and collision coverage, and no policy discounts are applied.

Rate increases following a ticket or accident

The information below shows how violations and at-fault collisions can raise Ford Flex auto insurance costs for each different age group. The price estimates are based on a single female driver, full physical damage coverage, $1,000 deductibles, and no discounts are taken into consideration.

Save money by getting discounts

The price of auto insurance can be rather high, but you might already qualify for some discounts that many consumers don’t even know exist. Some discounts will apply when you quote, but a few need to be asked for before you will receive the discount.

• Good Drivers – Accident-free drivers can save up to 40% or more on their Nashville auto insurance quote than drivers with accident claims.
• Theft Deterrent Discount – Vehicles optioned with advanced anti-theft systems can help prevent theft so companies will give you a small discount.
• Telematics Discount – Insureds who allow driving data submission to look at their driving habits remotely such as Snapshot from Progressive or Drivewise from Allstate might get better premium rates as long as they are good drivers.
• Air Bag Discount – Cars that have air bags or motorized seat belts can get savings up to 30%.
• Early Renewal Discounts – Some companies provide a discount for renewing your policy before your current expiration date. Ten percent is about the average savings.
• Senior Citizens – Drivers over the age of 55 could receive a discount up to 10%.

You can save money using discounts, but many deductions do not apply to the entire cost. Most only apply to the price of certain insurance coverages like liability and collision coverage. So when the math indicates all those discounts means the company will pay you, nobody gets a free ride.

The illustration below visualizes the comparison of Ford Flex insurance costs with and without policy discounts. The premiums are based on a female driver, no violations or claims, Tennessee state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, safe-driver, marriage, homeowner, and multi-policy discounts applied.

Companies and a selection of discounts can be found below.

• GEICO includes discounts for defensive driver, military active duty, membership and employees, seat belt use, anti-theft, and daytime running lights.
• Mercury Insurance has savings for good student, annual mileage, low natural disaster claims, multi-car, and age of vehicle.
• Farmers Insurance may have discounts that include multi-car, homeowner, early shopping, alternative fuel, youthful driver, and mature driver.
• Auto-Owners Insurance offers premium reductions for anti-theft, anti-lock brakes, company car, paperless, multiple vehicles, paid in full, and safe vehicle.
• Liberty Mutual policyholders can earn discounts including good student, hybrid vehicle, multi-car, safety features, preferred payment discount, new vehicle discount, and newly married.
• SAFECO may offer discounts for teen safe driver, anti-theft, homeowner, anti-lock brakes, bundle discounts, and drive less.
• Progressive may include discounts for homeowner, continuous coverage, online quote discount, good student, multi-policy, online signing, and multi-vehicle.
• USAA has discounts for annual mileage, good student, military installation, driver training, loyalty savings, and multi-policy.

When quoting, ask all companies you are considering which discounts they offer. Some discounts may not be offered in every state. To find companies that offer discounts in Tennessee, click here to view.

The lowest rates come from being thorough

Insureds leave their current company for many reasons like high prices, lack of trust in their agent, policy non-renewal and even an unsatisfactory settlement offer. No matter why you want to switch, choosing a new insurance company is not as hard as you think.

Discount Ford Flex insurance in Nashville is available on the web and also from your neighborhood Nashville agents, and you need to price shop both in order to have the best price selection to choose from. Some insurance providers do not provide online quoting and these smaller companies only sell through local independent agents.

We just showed you some good ideas how to reduce Ford Flex insurance prices online in Nashville. The key concept to understand is the more quotes you get, the more likely it is that you will get a better rate. You may even be surprised to find that the lowest prices come from a company that doesn’t do a lot of advertising.

Additional information is located below:

• Steps to Take After an Auto Accident (Insurance Information Institute)
• Who Has Cheap Nashville Auto Insurance with Multiple Speeding Tickets? (FAQ)
• Who Has Affordable Nashville Auto Insurance Quotes for a Nissan Rogue? (FAQ)
• What Insurance is Cheapest for 17 Year Olds in Nashville? (FAQ)
• Who Has Affordable Nashville Auto Insurance Quotes for 4×4 Vehicles? (FAQ)
• Who Has Affordable Auto Insurance for Active Military in Nashville? (FAQ)
• Who Has Affordable Nashville Auto Insurance Quotes for a Company Car? (FAQ)
• Avoiding Deer Collisions (Insurance Information Institute)
• Five Tips to Save on Auto Insurance (Insurance Information Institute)