Finding affordable car insurance for a Ford Escape in Maryland depends on a complicated formula that considers factors such as your marital status, what you do for a living, and any driving offenses on your record. Drivers pay approximately $1,095 annually for Escape insurance, but that is a valuation calculated using a 40-year-old married male driver with full physical damage coverage and $100 deductibles.
When making auto insurance estimates, the issue arises that you’re not a 40-year-old male, possibly single instead of married, or maybe you want different physical damage deductibles. Having the smallest difference in the factors used in pricing a policy can result in a massive change in the policy rate.
There is no perfect policy for every driver, so the only way to find cheap car insurance rates for your Ford is to compare as many rates as possible.
Your vehicle’s trim level tends to impact the yearly cost, so the price you will pay to insure a Escape XLS 2WD model will cost $142 less than the insurance cost for the higher-priced Escape Limited 4WD trim level, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Escape XLS 2WD||$278||$478||$356||$22||$106||$1,240||$103|
|Escape XLS 4WD||$278||$478||$356||$22||$106||$1,240||$103|
|Escape XLT 2WD||$278||$478||$356||$22||$106||$1,240||$103|
|Escape Limited 2WD||$318||$478||$356||$22||$106||$1,280||$107|
|Escape XLT 4WD||$318||$478||$356||$22||$106||$1,280||$107|
|Escape Limited 4WD||$318||$580||$356||$22||$106||$1,382||$115|
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Table data represents married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Prices do not factor in your specific Baltimore location which can raise or lower auto insurance rates noticeably.
Deciphering which companies have the most affordable car insurance rates for a Ford Escape requires a bit more work in order to find the best price. Every auto insurer uses their own method for determining rates in each state, so let’s take a look at the car insurance companies with the overall best prices in Maryland.
Find the Cheapest Auto Insurance for Your Escape
|Rank||Company||Cost Per Year|
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USAA may offer some of the most affordable car insurance rates in Baltimore at around $920 per year. Erie, Liberty Mutual, Penn National, and State Auto also qualify as some of the best Baltimore, MD auto insurance companies.
As shown in the table above, if you currently buy coverage from Erie and switched to USAA, you might achieve savings of approximately $195. Maryland drivers with Liberty Mutual may save as much as $205 a year, and Penn National policyholders might realize rate reductions of up to $217 a year.
Bear in mind that those policy prices are averages across all types of insureds and vehicles and do not factor in a specific location for a Ford Escape. So the auto insurance company that has the cheapest rates for you may not even be in the list above. That affirms the importance of why you need to get rate quotes from many companies using your own individual information.
The chart below illustrates how your deductible choice can change insurance costs when researching cheap insurance for a Ford Escape. The premiums assume a married female driver, comprehensive and collision coverage, and no other discounts are factored in.
As shown above, a 30-year-old driver could pocket $334 a year by switching from a $100 deductible up to a $500 deductible, or save $508 by switching to a $1,000 deductible. Youthful drivers, like the 20-year-old example, could roll back prices $722 or even more by choosing a higher deductible.
When using a larger deductible, it will be important to have enough in a savings account to enable you to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.
What aren’t you shopping around?
Baltimore car insurance rates are impacted by many things that will increase or decrease the cost of a policy. Improving your credit score, buying a different home, or getting into an accident can produce rate changes resulting in some companies being cheaper in comparison to the competition.
Not only may your risk profile change, but car insurance companies change premium rates at least once a year to help ensure profitability. Higher than usual claims may result in increased rates, while a better loss history may produce cheaper Escape insurance rates.
The chart below shows which companies have the cheapest car insurance in Baltimore, MD for a 30-year-old male driver with no accidents or violations, and a decent credit rating. If we compare prices based on his personal profile, USAA may offer the cheapest car insurance rates in Baltimore at $1,636 each year. This is $77 more than the average premium paid by Maryland drivers of $1,559. Liberty Mutual, Erie, Penn National, and State Auto are the rest of the best Baltimore, MD auto insurance companies.
The next chart shows rates after we give the driver from the first rate comparison a claim or two, slightly worse credit, and a traffic ticket or two. Since each company uses their own formula to set their prices, comparing prices may now result in a new list of the cheapest car insurance companies in Baltimore as shown below.
MetLife now has the lowest car insurance rate in Baltimore, MD with Travelers, Nationwide, GEICO, and Erie also having competitive pricing. This example shows why consumers need to compare lots of rates to get the most affordable insurance rates for a Ford Escape.
Rates are determined by many risk factors and can change without notice, so the cheapest option a year ago may now be one of the higher cost companies.
How to find the cheapest auto insurance for a Ford Escape
Here are some of the better money-saving suggestions that can help you quote low-cost coverage.
- Earn a discount by not filing claims
- Staying accident-free helps keep rates low
- Buying car and homeowners insurance together can save money
- Do not get tickets
- Vehicles with good safety ratings are usually cheaper to insure
- Assess whether full coverage is needed
- Compare rates regularly to ensure the best deal
The last idea is notably vital, as we hit on in this piece. Prices charged by auto insurers change constantly, so don’t be unwilling to switch companies if a more affordable rate is found.
Many drivers prefer to stick with one company, but it’s not a great idea if that stubbornness costs you lots of money. Take a few minutes and compare rates and find cheaper auto insurance for a Ford Escape in Baltimore.
The Baltimore, MD, insurance agents below can most likely answer your questions and help you decide which coverage fits your budget, as many people would rather have some professional guidance when comparing insurance rates for an Escape. It can be time-consuming to find the best coverage yourself, and getting advice from a licensed agent can add satisfaction knowing your coverage gives you adequate protection in case of an accident or claim.
To find a Baltimore insurance agency close to you, click the button below the list or click here to compare price quotes.
- Kirby Insurance Agency, Inc.
14 W Saratoga St #100 – Baltimore, MD 21201 – (410) 837-2320
- Mason and Carter Inc
23 South St – Baltimore, MD 21202 – (410) 539-6767
- Paul Funk – State Farm Insurance Agent
307 Frederick Rd – Baltimore, MD 21228 – (410) 744-0077
- Baltimore Insurance Network
11 E Lexington St – Baltimore, MD 21202 – (443) 869-6424
- Valerie Cherry – State Farm Insurance Agent
6800 York Road – Baltimore, MD 21212 – (410) 435-6600