Ford Escape Car Insurance
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Ford Escape Car Insurance Cost
The cost of insurance for a Ford Escape is approximately $1,484 per year, which is $741 less than the national average for other popular SUV models. Our study looks at a scenario involving a 40-year-old responsible driver with good credit, full coverage, and an annual mileage of around 13,000 miles. The comparison is based on a single-car policy for a new vehicle, excluding any multi-car discounts.
It’s important to note that insurance premiums can vary based on factors such as age, location, insurance company, and mileage. Recent accidents, traffic violations, and credit history also play a role in determining these rates.
Additionally, different insurance providers may offer varying rates for the same coverage on a Ford Escape. If you’ve been with your current insurance company for a while, it’s advisable to obtain new quotes to ensure you’re not paying more than necessary.
Average Cost and Cheapest Companies for Insuring a Ford Escape
| Company | Average Annual Premium |
|---|---|
| State Farm | $1,028 |
| GEICO | $1,065 |
| Nationwide | $1,257 |
| Travelers | $1,275 |
| Allstate | $1,374 |
| Progressive | $1,421 |
| Farmers | $1,437 |
Is It Costly to Insure a Ford Escape?
When it comes to figuring out how much it costs to insure a Ford Escape, a few things come into play. First off, the Ford Escape has a reasonable price tag, sitting at $29,755 in 2022. This is good news because it means that if something happens to this SUV, replacing it won’t break the bank. Insurance companies take this into account when setting the price for your insurance policy. Additionally, the Ford Escape has a low rate of theft, which is another positive factor that helps keep insurance costs down.
Cost of Insuring a Ford Escape for 16- to 25-Year-Olds
Generally, insurance companies tend to charge higher rates for drivers who are in their teens and early 20s compared to those who are 30 years old or older.
To give you an idea, let’s look at the average annual cost of full coverage car insurance for a Ford Escape based on different age groups. For a 16-year-old driver, the average cost is around $5,737 per year. However, as the driver gets older, the cost tends to decrease. For example, a 40-year-old driver might only pay about $1,252 per year for the same coverage.
Here’s a breakdown of the average annual premium for each age group:
| Driver Age | Average Annual Premium |
|---|---|
| 16 | $5,737 |
| 17 | $4,665 |
| 18 | $4,087 |
| 19 | $2,834 |
| 20 | $2,564 |
| 21 | $1,973 |
| 22 | $1,824 |
| 23 | $1,695 |
| 24 | $1,609 |
| 25 | $1,453 |
For those with teens, the most affordable way to insure them is by adding them to a parent’s policy. Keep in mind that teens under 18 usually need a parent or guardian to co-sign the policy for them to legally get car insurance.
If you’re specifically looking for the best deal on insurance for a 16-year-old with a 2022 Ford Escape, MoneyGeek found that State Farm offers the most affordable full coverage at around $3,782 annually. On the other hand, Farmers charges the highest rate, averaging $8,348 per year.
When it comes to finding the best car insurance for a teen driver, it’s a good idea to shop around and compare quotes from different insurance companies.
How Your Location Affects Ford Escape Insurance Costs
State | Cheapest Company | Annual Premium | Monthly Premium |
Alabama | Nationwide | $709 | $59 |
Alaska | State Farm | $699 | $58 |
Arizona | Root Insurance Company | $682 | $57 |
Arkansas | State Farm | $629 | $52 |
California | AAA California | $1,001 | $83 |
Colorado | American National P&C | $541 | $45 |
Connecticut | GEICO | $693 | $58 |
Delaware | State Farm | $881 | $73 |
District of Columbia | GEICO | $662 | $55 |
Florida | State Farm | $1,058 | $88 |
Georgia | Country Financial | $665 | $55 |
Hawaii | GEICO | $565 | $47 |
Idaho | American National P&C | $299 | $25 |
Illinois | Country Financial | $663 | $55 |
Indiana | American Family | $555 | $46 |
Iowa | State Farm | $509 | $42 |
Kansas | Nationwide | $670 | $56 |
Kentucky | Nationwide | $790 | $66 |
Louisiana | Louisiana Farm Bureau | $1,048 | $87 |
Maine | Concord Group | $521 | $43 |
Maryland | Progressive | $938 | $78 |
Massachusetts | State Farm | $483 | $40 |
Michigan | GEICO | $898 | $75 |
Minnesota | State Farm | $797 | $66 |
Mississippi | Direct General Insurance | $723 | $60 |
Missouri | Nationwide | $909 | $76 |
Montana | Progressive | $437 | $36 |
Nebraska | American National P&C | $405 | $34 |
Nevada | CSAA | $940 | $78 |
New Hampshire | State Farm | $540 | $45 |
New Jersey | Plymouth Rock Assurance | $895 | $75 |
New Mexico | State Farm | $644 | $54 |
New York | Kemper | $781 | $65 |
North Carolina | Erie | $630 | $52 |
North Dakota | American Family | $616 | $51 |
Ohio | Nationwide | $485 | $40 |
Oklahoma | State Farm | $662 | $55 |
Oregon | State Farm | $706 | $59 |
Pennsylvania | Nationwide | $580 | $48 |
Rhode Island | State Farm | $700 | $58 |
South Carolina | American National P&C | $463 | $39 |
South Dakota | Allstate | $746 | $62 |
Tennessee | State Farm | $579 | $48 |
Texas | State Farm | $699 | $58 |
Utah | Nationwide | $725 | $60 |
Vermont | State Farm | $493 | $41 |
Virginia | American Family | $601 | $50 |
Washington | PEMCO | $534 | $44 |
West Virginia | Erie | $784 | $65 |
Wisconsin | GEICO | $556 | $46 |
Wyoming | State Farm | $745 | $62 |
Ford Escape Car Insurance Discounts
No matter what car you drive, how old you are, or where you live, it’s a wise choice to make the most of car insurance discounts when you’re on the lookout for a new policy.
Different insurance companies may offer various discounts, but there are some common ones you’ll likely come across:
- Pay-in-Full Discount: Pay your entire policy price at once, instead of in monthly payments.
- Multi-Policy Discount: Get both your home and auto policies from the same insurance provider.
- Multi-Car Discount: Save by adding more than one vehicle to your auto policy.
- Defensive Driving Discount: Take a defensive driving class from an accredited school or institution.
While these discounts are great for cutting down on your car insurance costs, sometimes, it’s your positive insurance history and driving record that really score you the best rates.
Even though you can’t control every detail of your auto insurance profile, like some of the things we talked about earlier, you do have some control over it. Making smart choices can help you get the best rates and save money in the long run.
Frequently Asked Questions (FAQs)
If you’re looking for budget-friendly car insurance for your Ford Escape, you’ll be glad to know that, on average, it costs around $1,287 per year for full coverage. State Farm stands out as the most economical choice, offering the cheapest car insurance for this SUV. With an annual average premium of $1,028 for full coverage, State Farm takes the lead in affordability.
About the Author
Alex Huber is a content writer for Atoz Insurances and he is a very experienced and well-rounded freelance content writer who specializes in the insurance and finance niches. His writing is engaging and informative, and he has a strong understanding of the industries he writes about.