Do you want to save money by buying lower-priced Ford Fiesta insurance in Chicago? Have you finally had enough of not being able to scrape enough together to pay high car insurance rates every month? You are in the same boat as the majority of other consumers in Illinois.
Unbelievable but true, nearly 70% of drivers have stayed with the same insurance company for well over three years, and almost half have never taken the time to shop around. Illinois insurance shoppers could save an average of roughly $600 each year, but they don’t want to take the time to shop their coverage around. Numerous auto insurance companies battle to insure your vehicles, so it can be very hard to choose a insurer and get the best coverage at the lowest price on Ford Fiesta insurance in Chicago.
You should take the time to check car insurance prices once or twice a year because rates change frequently. Even if you think you had the lowest premium rates on Ford Fiesta insurance in Chicago last year the chances are good that you can find a lower price today. Block out anything you think you know about car insurance because it’s time to teach you the fastest and easiest way to lower your annual insurance bill.
If you have a current car insurance policy or just want a better rate, you can use these techniques to lower your rates without having to cut coverage. Buying the cheapest car insurance in Chicago is quite easy if you know the best way to do it. Drivers just have to use the proper methods to get comparison quotes from many different companies online.
How You Can Control Ford Fiesta Insurance Costs
Many factors are used in the calculation when you get your auto insurance bill. Some of the criteria are obvious such as your driving record, but other factors are less obvious like your vehicle usage and annual miles driven. It’s important that you understand the factors that are used to determine your policy premiums. If you have some idea of what controls the rates you pay, this allows you to make good choices that will entitle you to lower premium levels.
Where you call home is a factor – Being located in smaller towns and rural areas of the country can be a good thing if you are looking for the lowest rates. Lower population means a lower chance of having an accident in addition to fewer liability claims. City drivers have more aggressive driving styles and longer commute times. More time on the road means a statistically higher chance of an accident.
Performance influences insurance premiums – The performance level of the car you own makes a big difference in determining your rates. The cheapest rates are usually for economy passenger vehicles, but many other things help determine your insurance rates. Since the Ford Fiesta is a passenger car, rates will be similar in price or lower as compared to the average rate in Chicago.
Younger drivers pay high prices – Older insureds are more cautious drivers, statistically cause fewer accidents, and get fewer tickets.Youthful drivers are statistically shown to be inattentive and easily distracted when driving with friends therefore insurance rates are much higher.
No claims equals lower premiums – Car insurance companies in Illinois generally give most affordable rates to drivers who file claims infrequently. If you are a frequent claim filer, you can look forward to higher premiums or even policy non-renewal. Your car insurance is designed for major claims that would cause financial hardship.
High credit score translates to low costs – An insured’s credit rating factor in calculating your premium rate. People that have high credit scores tend to be more responsible and file fewer claims than those with worse credit. So if your credit is not that good, you could save money insuring your Ford Fiesta by improving your rating.
Traffic violations mean higher rates – Careful drivers have lower premiums than bad drivers. Getting just one speeding ticket or other violation can increase the cost of insurance by twenty percent. Drivers who have license-revoking citations such as DUI, reckless driving or excessive speeding may face state-mandated requirements to submit a SR-22 or proof of financial responsibility with their state’s licensing department in order to legally drive.
Safeguard your assets with liability coverage – Your policy’s liability coverage kicks in when you are responsible for causing personal injury or damage in an accident. This coverage provides you with a defense in court starting from day one. This coverage is relatively inexpensive when compared to the cost of physical damage coverage, so drivers should make sure they buy enough to cover all assets.
Loss statistics for a Ford Fiesta – Insurers take into consideration historical loss data for every vehicle to help determine the rate you pay. Vehicles that the data shows to have a trend towards higher claim severity or frequency will cost more for specific coverages.
The data below shows the collected loss data for Ford Fiesta vehicles. For each insurance policy coverage type, the claim amount for all vehicles, regardless of make, model or trim level, is a value of 100. Values that are under 100 suggest losses that are better than average, while values that are 100 or greater point to more frequent losses or an increased probability of a larger loss.
Auto Insurance Loss Data for Ford Fiesta Models
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
The companies shown below are our best choices to provide free rate quotes in Chicago, IL. If the list has multiple companies, we suggest you get price quotes from several of them to get a more complete price comparison.
Car insurance is not optional but you don’t have to overpay
Even though it can be expensive, insurance serves a purpose in several ways.
- Most states have mandatory liability insurance requirements which means you are required to carry specific minimum amounts of liability protection in order to license the vehicle. 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.
- If you have a loan on your Ford Fiesta, more than likely the lender will have a requirement that you have physical damage coverage to ensure loan repayment if the vehicle is totalled. If you do not keep the policy in force, the bank or lender will purchase a policy for your Ford at an extremely high rate and require you to fork over for the expensive policy.
- Car insurance protects both your car and your assets. It also can pay for many types of medical costs for yourself as well as anyone injured by you. As part of your policy, liability insurance also pays for attorney fees and expenses if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of insuring your car greatly outweigh the cost, especially with large liability claims. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $810 a year so you should quote rates at every policy renewal to help ensure money is not being wasted.
Slash rates with these discounts
Car insurance can cost a lot, but you may find discounts that can dramatically reduce your bill. Many of these discounts will be applied automatically at the time of purchase, but once in a while a discount must be manually applied prior to receiving the credit.
- Pay Now and Pay Less – If paying your policy premium upfront rather than spreading payments over time you may have a lower total premium amount.
- Telematics Data Discounts – People who choose to allow data collection to analyze when and where they use their vehicle by installing a telematics device like Drivewise from Allstate or In-Drive from State Farm could save a few bucks if their driving habits are good.
- Multiple Policy Discount – When you have multiple policies with one company you may earn at least 10% off all policies.
- Senior Discount – Older drivers may receive better car insurance rates.
- Paperless Signup – A few insurance companies will give you a small discount for buying your policy on their website.
- Homeowners Savings – Just owning your own home can get you a discount because of the fact that having a home requires personal responsibility.
Just know that most discount credits are not given to the whole policy. Some only apply to individual premiums such as physical damage coverage or medical payments. So when it seems like all the discounts add up to a free policy, companies wouldn’t make money that way. But any discount will definitely reduce the premium cost.
The best car insurance companies and some of the premium reductions they offer include:
- State Farm has savings for driver’s education, accident-free, Drive Safe & Save, good driver, safe vehicle, multiple policy, and defensive driving training.
- American Family discounts include Steer into Savings, accident-free, defensive driver, good driver, and good student.
- GEICO may have discounts that include five-year accident-free, good student, federal employee, daytime running lights, anti-lock brakes, driver training, and multi-vehicle.
- 21st Century includes discounts for defensive driver, anti-lock brakes, student driver, early bird, air bags, and theft prevention.
- Progressive has discounts for continuous coverage, good student, multi-vehicle, multi-policy, online quote discount, online signing, and homeowner.
If you need low cost Chicago car insurance quotes, ask all the companies which discounts you may be entitled to. All car insurance discounts may not be offered in Chicago.
Car insurance quotes from local Chicago insurance agents
Some consumers still like to visit with an insurance agent and that is a smart decision Licensed agents can answer important questions and give you someone to call. A nice benefit of comparing car insurance online is that drivers can save money and get the best rates and still buy from a local agent.
Upon completion of this short form, the coverage information is immediately sent to agents in your area who will gladly provide quotes for your car insurance coverage. You don’t have to contact any insurance agencies because prices are sent to you directly. If you have a need to quote rates from a specific insurance company, feel free to navigate to their website and complete a quote there.
Deciding on an provider shouldn’t rely on just a cheap quote. Before buying a policy in Chicago, get answers to these questions.
- When do they do policy reviews?
- How much can you save by raising your physical damage deductibles?
- Do they have cheaper tiers of coverage?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Are all drivers listed on the coverage quote?
- Are they in the agency full-time?
- Which insurance company do they prefer to write with?
Pick the best car insurance agent in Chicago for you
If you want to use local Chicago agents, it’s important to understand the different types of agencies to choose from. Car insurance policy providers are considered either exclusive agents or independent agents. Either one can sell car insurance policies, but it’s important to know the difference in the companies they write for since it could factor into which agent you choose.
Exclusive Car Insurance Agencies
Exclusive insurance agents have only one company to place business with such as AAA, Allstate, and State Farm. They usually cannot provide rate quotes from other companies so they are skilled at selling on more than just price. Exclusive agencies are well trained on what they offer and that allows them to sell at a higher price point.
Below is a short list of exclusive insurance agencies in Chicago who may provide you with comparison quotes.
Greg King – State Farm Insurance Agent
5508 S Lake Park Ave – Chicago, IL 60637 – (773) 643-6200 – View Map
Independent Agents (or Brokers)
These type of agents are not locked into one company and that is an advantage because they can write policies with multiple insurance companies and get the cheapest rates. If they find a cheaper price, an independent agent can move your coverage and you stay with the same agent. If you are comparing rate quotes, it’s a good idea to get several quotes from several independent insurance agents to have the best price comparison.
The following are Chicago independent agents willing to provide rate quotes.
You can find cheaper coverage
When trying to cut insurance costs, it’s very important that you do not buy lower coverage limits just to save a few bucks. In too many instances, an insured cut full coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your focus should be to find the BEST coverage at the lowest possible cost, but don’t skip important coverages to save money.
Lower-priced Ford Fiesta insurance in Chicago can be bought online as well as from independent agents in Chicago, so you need to quote Chicago car insurance with both to have the best rate selection. Some insurance companies do not provide internet price quotes and usually these smaller providers only sell coverage through independent agencies.
To read more, link through to the resources below:
- Choosing an Insurance Company (Insurance Information Institute)
- Who Has the Cheapest Auto Insurance Rates for Safe Drivers in Chicago? (FAQ)
- Who Has Cheap Car Insurance Rates for Low Income Drivers in Chicago? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Felons in Chicago? (FAQ)
- Who Has Affordable Chicago Auto Insurance Rates for a Learners Permit? (FAQ)
- Who Has Cheap Chicago Car Insurance Quotes for Low Mileage Drivers? (FAQ)
- Who Has Affordable Chicago Car Insurance Rates for Good Students? (FAQ)
- Older Driver Statistics (Insurance Information Institute)
- Vehicle Size and Weight FAQ (iihs.org)
- Driving in Bad Weather (Insurance Information Institute)