Trying to find cheaper insurance for a new or used Ford Taurus in Illinois can turn out to be a painful process, but you can learn a few tricks to find lower rates. There are more efficient ways to compare insurance rates and you need to know the absolute fastest way to quote coverages for a new or used Ford and locate the lowest price from both online companies and Chicago agents.
Consumers need to check insurance prices on a regular basis because prices trend upward over time. Just because you found the best price on Ford Taurus insurance in Chicago two years ago you may be paying too much now. You can find a lot of misleading information regarding Taurus insurance on the internet, but I'm going to show you some good information on how to lower your insurance premiums.
If you're already insured or just want cheaper coverage, use these cost-cutting techniques to lower your rates and still get good coverage. Shopping around for the best-priced insurance coverage in Chicago is not that difficult. Consumers only need to know the most efficient way to get comparison quotes from many companies at once.
Most companies such as State Farm, Allstate and GEICO make it easy to get insurance quotes online. Doing online price comparisons for Ford Taurus insurance in Chicago is possible for anyone as you just enter the coverages you want on the page. After the form is submitted, the quote system automatically retrieves reports for credit and driving violations and gives you a price quote based on these and other factors.
This makes it a lot easier to compare rates and it's also necessary to do this if you want to get a lower rate.
To quickly find out how much you're overpaying now, visit the companies below or click here to submit a quote request to multiple companies at once. If you have your current policy handy, we recommend that you enter the coverages exactly as they are listed on your policy. This ensures you will get a price comparison using the same coverage and limits.
The providers in the list below provide price quotes in Illinois. If more than one company is shown, we recommend you compare several of them to get the best price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Taurus SEL AWD||$282||$492||$352||$20||$106||$1,252||$104|
|Taurus Limited AWD||$274||$540||$266||$16||$80||$1,176||$98|
|Taurus SHO AWD||$170||$334||$316||$18||$94||$932||$78|
|Get Your Own Custom Quote Go|
Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Illinois minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Rate information does not factor in specific location information which can increase or decrease coverage rates noticeably.
Impact of violations and accidents on rates in Chicago
The illustration below demonstrates how speeding tickets and at-fault claims can affect Ford Taurus car insurance rates for each age group. The premium estimates are based on a single male driver, full coverage, $500 deductibles, and no policy discounts are applied.
Comparison of full coverage and liability-only policies
The information below shows the difference between Ford Taurus auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums assume a clean driving record, no at-fault accidents, $1,000 deductibles, married female driver, and no policy discounts are applied.
When to buy liability coverage only
There is no clear-cut formula that is best for determining when to drop physical damage coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of the vehicle's replacement cost less your deductible, then you might consider buying liability only.
For example, let's assume your Ford Taurus claim settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company would pay you is $7,000 after you pay the deductible. If premium cost is more than $700 a year for your policy with full coverage, then you might want to consider buying only liability coverage.
There are a few situations where dropping physical damage coverage is not financially feasible. If you still owe money on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.
Discounts for cheap auto insurance quotes
Auto insurance can be pricey, but you may qualify for discounts that can drop the cost substantially. Many discounts should be triggered at the time you complete a quote, but some discounts are required to be specifically requested prior to getting the savings. If you are not receiving all the discounts available, you're just leaving money on the table.
- Payment Method - If paying your policy premium upfront as opposed to paying monthly you could save up to 5%.
- Claim-Free Discount - Claim-free drivers can earn big discounts when compared with frequent claim filers.
- Discount for Life Insurance - Not all insurance companies offer life insurance, but some may give you a lower premium rate if you buy life insurance.
- Drive Less and Save - Driving less could earn discounted premium rates on garaged vehicles.
- Membership in Organizations - Participating in specific professional or occupational memberships or organizations may earn a discount when getting a Chicago auto insurance quote.
- Smart Student Discounts - This discount can save 20 to 25%. You can use this discount normally until age 25.
- Savings for New Vehicles - Adding a new car to your policy can cost up to 25% less since new vehicles have better safety ratings.
It's important to note that many deductions do not apply to the entire cost. Most only reduce individual premiums such as comprehensive or collision. Even though it may seem like it's possible to get free car insurance, you won't be that lucky.
A few popular companies and some of the discounts are included below.
- State Farm policyholders can earn discounts including safe vehicle, multiple autos, defensive driving training, driver's education, student away at school, and anti-theft.
- Nationwide offers discounts for anti-theft, Farm Bureau membership, easy pay, good student, multi-policy, accident-free, and defensive driving.
- GEICO has discounts for good student, membership and employees, driver training, military active duty, and daytime running lights.
- AAA may include discounts for multi-car, good student, anti-theft, education and occupation, and pay-in-full.
- 21st Century has savings for early bird, anti-lock brakes, teen driver, air bags, and theft prevention.
- The Hartford may have discounts that include good student, anti-theft, defensive driver, bundle, driver training, and vehicle fuel type.
When getting a coverage quote, ask each company to apply every possible discount. Some of the discounts discussed earlier might not be offered in your state. To choose insurance companies with the best discounts in Illinois, follow this link.
Why you need Ford Taurus insurance in Illinois
Even though Chicago Taurus insurance rates can get expensive, auto insurance is required for several reasons.
First, just about all states have mandatory insurance requirements which means the state requires a specific level of liability insurance in order to be legal. In Illinois these limits are 20/40/15 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
Second, if your Taurus has a lien holder, almost all lenders will require that you have comprehensive coverage to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the lender may insure your Ford for a lot more money and require you to fork over for the much more expensive policy.
Third, insurance protects your vehicle and your assets. It also can pay for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if you are named as a defendant in an auto accident. If you have damage to your Ford as the result of the weather or an accident, your auto insurance policy will pay all costs to repair after the deductible has been paid.
The benefits of having insurance definitely exceed the price paid, specifically if you ever have a liability claim. Unknowingly, the average driver is overpaying over $825 a year so compare rates once a year at a minimum to ensure rates are inline.
When quoting and choosing coverage, there really is not a "best" method to buy coverage. Your needs are not the same as everyone else's so this has to be addressed. For instance, these questions can aid in determining if your insurance needs may require specific advice.
- Can I insure my car for more than it's worth?
- Where can I get insurance after a DUI in Illinois?
- I have good health insurance, so how much medical payments coverage do I need?
- Can my teen driver be rated on a liability-only vehicle?
- How high should deductibles be on a Ford Taurus?
- Does my policy cover me if I wreck while driving under the influence?
- Should I have a commercial auto policy?
- Is my trailer covered?
If you don't know the answers to these questions then you might want to talk to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies. It's fast, doesn't cost anything and you can get the answers you need.
When should I talk to a local insurance agent?
Many drivers would prefer to get advice from a local agent and that is just fine! Professional agents can help you choose the best coverages and help in the event of a claim. An additional benefit of price shopping on the web is you may find the best rates and still have an agent to talk to.
After completing this short form, the quote information is submitted to agents in your area that give free quotes for your insurance coverage. It simplifies rate comparisons since you won't have to leave your computer since price quotes are sent directly to you. If you have a need to get a comparison quote for a specific company, feel free to go to their quote page and submit a quote form there.
Choosing the best insurance company should include more criteria than just the bottom line cost. Before buying a policy in Chicago, get answers to these questions.
- How much experience to they have in personal lines coverages?
- Where would your vehicle be repaired?
- Does the agent help file claims?
- What insurance companies do they work with in Chicago?
- What is their Better Business Bureau rating?
When searching for a reliable insurance agency, there are a couple of different agency structures from which to choose. Agencies in Chicago are classified as either exclusive or independent agents depending on their company appointments. Both types can insure your vehicles, but it is a good idea to know how they are different because it can influence your selection of an agent.
Exclusive Insurance Agencies
Exclusive agents can only place business with one company like Farmers Insurance, Allstate, or State Farm. They generally cannot provide rate quotes from other companies so keep that in mind. Exclusive insurance agents are usually well trained on sales techniques and that can be a competitive advantage. Many people purchase coverage from exclusives partially due to the prominence of the brand and the convenience of having all coverages with one company.
Listed below are exclusive insurance agencies in Chicago who can help you get price quote information.
- Judith Gleason - State Farm Insurance Agent
2643 N Harlem Ave - Chicago, IL 60707 - (773) 637-8547 - View Map
- Neal Gallo - State Farm Insurance Agent
6666 N Western Ave - Chicago, IL 60645 - (773) 743-6565 - View Map
- Jim Tom - State Farm Insurance Agent
4317 N Lincoln Ave - Chicago, IL 60618 - (773) 477-3300 - View Map
Independent Insurance Agents
Agents in the independent channel are not restricted to one company so they can write business with a variety of different insurance companies and find you cheaper rates. If your premiums go up, your agent can switch companies and you don't have to find a new agent. If you are trying to find cheaper rates, it's a good idea to compare quotes from at least one independent agent in order to compare the most rates. They often place coverage with smaller regional carriers which could offer lower prices.
Shown below are Chicago independent insurance agencies that can give you price quotes.
- Lakeview Insurance Agency, Ltd.
3438 N Southport Ave - Chicago, IL 60657 - (773) 871-8000 - View Map
- Skyline Insurance Agency, Inc.
2302 W Belmont Ave - Chicago, IL 60618 - (773) 525-7500 - View Map
- Illinois Vehicle Auto Insurance
100 W. Randolph, Suite C14 - Chicago, IL 60601 - (312) 201-9111 - View Map
If you get positive feedback and the cheapest Ford Taurus insurance in Chicago quotes, you may have found an insurance agency that meets your needs to properly service your car insurance policy. Just be aware that you are able to terminate coverage any time you want so never assume you're contractually obligated to a specific agent for the entire policy term.