The most effective way to get discount auto insurance rates is to start doing a yearly price comparison from insurers in Nashville.
- Get a basic knowledge of the coverage provided by your policy and the steps you can take to keep rates in check. Many rating criteria that cause rate increases such as traffic citations, accidents, and a bad credit score can be controlled by making minor changes in your lifestyle.
- Compare prices from direct, independent, and exclusive agents. Direct and exclusive agents can only give rate quotes from a single company like GEICO or Farmers Insurance, while independent agents can provide price quotes from many different companies.
- Compare the new rate quotes to the premium of your current policy to see if a cheaper rate is available in Nashville. If you can save some money and switch companies, make sure coverage does not lapse between policies.
An essential thing to point out is to try to use the same deductibles and limits on every quote and and to analyze as many companies as feasibly possible. This provides a level playing field and a complete price analysis.
Unimaginable but true, 70% of consumers have stayed with the same insurance company for over three years, and roughly 40% of drivers have never even compared rates from other companies. Drivers in Tennessee could save themselves nearly $500 a year by just shopping around, but they mistakenly think it’s difficult to find cheaper car insurance rates.
If you have a current insurance policy or need a new policy, you can use these tips to reduce premiums without having to cut coverage. Comparing rates for affordable insurance in Nashville is not as confusing as people think. Drivers only need an understanding of the least time-consuming way to compare rates from many companies at once.
Lowering your auto insurance rates is not a difficult process. Drivers just need to take the time comparing rate quotes online with multiple companies.
The auto insurance companies shown below offer comparison quotes in Nashville, TN. If your goal is to find the best car insurance in Nashville, we recommend you click on several of them in order to get a fair rate comparison.
Facts and figures for Ford Expedition insurance
The premium table below showcases estimates of insurance costs for Ford Expedition models. Being able to understand how insurance premiums are figured can aid in making smart choices when selecting a policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Expedition SSV 2WD||$138||$194||$246||$14||$74||$666||$56|
|Expedition XLT 2WD||$156||$236||$246||$14||$74||$726||$61|
|Expedition SSV 4WD||$156||$236||$246||$14||$74||$726||$61|
|Expedition XLT 4WD||$156||$236||$246||$14||$74||$726||$61|
|Expedition Eddie Bauer 2WD||$156||$278||$246||$14||$74||$768||$64|
|Expedition Limited 2WD||$156||$278||$246||$14||$74||$768||$64|
|Expedition Eddie Bauer 4WD||$156||$278||$246||$14||$74||$768||$64|
|Expedition King Ranch 4WD||$174||$278||$246||$14||$74||$786||$66|
|Expedition King Ranch 2WD||$174||$278||$246||$14||$74||$786||$66|
|Expedition Limited 4WD||$174||$278||$246||$14||$74||$786||$66|
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Table data does not factor in Nashville location which can lower or raise rates significantly.
The diagram below highlights how deductible selection and can influence Ford Expedition insurance prices for different ages of insureds. The price estimates are based on a married male driver, comp and collision included, and no discounts are applied.
Car insurance rates based on gender in Nashville
The diagram below shows the comparison of Ford Expedition insurance premiums for male and female drivers. The costs are based on a clean driving record, no claims, full coverage, $500 deductibles, marital status is single, and no discounts are factored in.
Does full coverage make sense?
The example below illustrates the difference between Ford Expedition insurance costs when comparing full coverage to state minimum liability only. The premium estimates are based on no claims, a clean driving record, $1,000 deductibles, marital status is single, and no policy discounts are applied.
When to stop paying for full coverage
There is no set rule that works best for making the decision to drop physical damage coverage, but there is a general school of thought. If the annual cost of coverage is about 10% or more of the settlement you would receive from your company, then it could be time to drop full coverage.
For example, let’s say your Ford Expedition claim settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $2,000 after paying your policy deductible. If premium cost is more than $200 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.
There are some scenarios where buying only liability insurance is not a good idea. If you still owe money on your vehicle, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not remove full coverage.
How Car Insurance Companies Determine Ford Expedition Insurance Prices
Smart consumers have a good feel for some of the factors that aid in calculating the rates you pay for insurance. If you understand what impacts premium levels, this allows you to make good choices that may reward you with much lower annual insurance costs.
Listed below are just a few of the factors insurance companies consider when setting premiums.
Bundle policies with the same company – Lots of insurance companies allow discounts to customers that have more than one policy in the form of a multi-policy discount. This can amount to five, ten or even twenty percent. Even if you’re getting this discount drivers will still want to compare other company rates to verify if the discount is saving money. Drivers may still save more without the discount even if you insure with multiple companies
Credit score impact insurance premiums – Having a bad credit score can be an important factor in determining premium rates. If your credit rating is low, you could potentially save money when insuring your Ford Expedition by improving your rating. Insureds that have high credit ratings tend to be more responsible as compared to drivers with lower credit scores.
Alarm systems save money – Driving a car with an alarm system can help bring down rates. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar help track and prevent auto theft and help lower rates.
Do you save by driving less? – Driving more miles every year the more you’ll pay to insure it. Almost all companies charge to insure your cars determined by how the vehicle is used. Autos that do not get driven very much qualify for better rates than vehicles that have high annual mileage. An improperly rated Expedition may be costing you higher rates. Verify your insurance policy reflects the correct driver usage, because improper ratings can cost you money.
Your address can affect price – Living in less populated areas has it’s advantages when buying insurance. Drivers who live in large cities have to deal with more traffic problems and more time behind the wheel. Less people living in that area translates into fewer accident claims and a lower car theft rate.
If you don’t need it don’t buy it – There are quite a few extra coverages that can add up if you don’t pay attention. Coverage for things like coverage for rental cars, accident forgiveness, and Farm Bureau memberships are probably not needed. The coverages may be enticing when deciding what coverages you need, but if you’ve never needed them in the past think about removing them and cutting costs.
Choose high IIHS safety ratings and save – Safe vehicles tend to be cheaper to insure. These vehicles result in less severe injuries and fewer injuries means less claims paid and cheaper rates on your policy. If your Ford Expedition is rated at a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
Driving citations drive up costs – Having a single speeding ticket can bump up the cost substantially. Drivers who don’t get tickets have lower premiums than their less careful counterparts. Drivers with dangerous violations like DWI, reckless driving or hit and run convictions may find that they have to to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to prevent their license from being revoked.
The diagram below demonstrates how citations and accident claims increase Ford Expedition insurance rates for different age groups. The price estimates are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no policy discounts are applied.
Loss statistics for a Ford Expedition – Auto insurance companies factor in insurance loss information to help determine the rate you pay. Models that are shown to have a trend towards higher claim severity or frequency will be charged more to insure.
The table below shows the actual insurance loss data for Ford Expedition vehicles. For each coverage type, the claim amount for all vehicles, as a total average, is considered to be 100. Values below 100 indicate better than average losses, while percentages above 100 indicate higher probability of having a loss or an increased chance of a larger loss.
|Vehicle Make and 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
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Insurance protects more than just your car
Even though Nashville Expedition insurance rates can get expensive, insuring your vehicle is a good idea for several reasons.
- Most states have compulsory liability insurance requirements which means it is punishable by state law to not carry a minimum amount of liability insurance coverage if you don’t want to risk a ticket. In Tennessee these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If you have a lien on your Ford Expedition, most banks will stipulate that you have full coverage to guarantee loan repayment. If the policy lapses, the bank will be required to insure your Ford at an extremely high rate and require you to fork over the higher premium.
- Insurance protects not only your Ford Expedition but also your assets. It also can pay for medical expenses for yourself as well as anyone injured by you. Liability insurance also pays expenses related to your legal defense if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of insuring your Expedition more than offset the price you pay, especially if you ever need it. Today the average American driver is wasting up to $810 a year so it’s very important to do a rate comparison at least once a year to make sure the price is not too high.