If saving the most money is your goal, then the best way to get the cheapest Ford Taurus insurance is to annually compare prices from insurers that sell auto insurance in Albuquerque. Drivers can shop around by completing these steps.
First, gain an understanding of what is in your policy and the modifications you can make to prevent expensive coverage. Many rating factors that cause high rates such as getting speeding tickets and an unacceptable credit rating can be rectified by being financially responsible and driving safely.
Second, obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give rate quotes from one company like GEICO or State Farm, while agents who are independent can quote rates from multiple companies.
Third, compare the new quotes to your current policy premium and see if there is a cheaper rate in Albuquerque. If you find a better price, make sure coverage is continuous and does not lapse.
Fourth, provide notification to your current agent or company to cancel your current car insurance policy and submit a completed policy application and payment for the new policy. When you receive it, keep the new proof of insurance certificate along with your vehicle registration.
One key aspect of rate comparisons is to make sure you’re comparing identical limits and deductibles on every quote request and and to get price estimates from as many carriers as you can. Doing this helps ensure a fair price comparison and a complete price analysis.
It’s safe to assume that auto insurance companies don’t want you to look for cheaper rates. Drivers who shop around for cheaper rates are inclined to switch companies because they have a good chance of finding a policy with better rates. A recent survey found that people who shopped around saved approximately $865 a year compared to people who never shopped for cheaper rates.
If saving the most money on car insurance in Albuquerque is the reason you’re reading this, then having a grasp of the best way to compare car insurance can make it simple to find affordable coverage.
If you already have coverage, you will be able to buy cheaper car insurance using the concepts you’re about to learn. This information will help you learn how car insurance works and how you can save the most money. Nevertheless, New Mexico vehicle owners can benefit from knowing how insurance companies charge you for coverage and use it to your advantage.
Get lower-cost Ford Taurus insurance in Albuquerque with discounts
Auto insurance is easily one of your largest bills, but you might already qualify for some discounts that you may not even know about. Certain discounts will be triggered automatically when you get a quote, but occasionally some discounts must be manually applied in order for you to get them.
- Good Student – Performing well in school may save as much as 25% on a Albuquerque car insurance quote. This discount can apply until age 25.
- Safety Course Discount – Taking a safe driver course could cut 5% off your bill if you qualify.
- Employee of Federal Government – Having worked for a branch of the government could provide a small rate reduction but check with your company.
- Home Ownership Discount – Just being a homeowner can earn you a little savings because owning a home means you have a higher level of financial diligence.
- Accident Forgiveness Coverage – This one isn’t a discount, but companies like GEICO, State Farm, and Progressive permit an accident before hitting you with a surcharge so long as you haven’t had any claims for a particular time prior to the accident.
- Theft Deterrent Discount – Vehicles equipped with anti-theft or alarm systems are stolen with less frequency and can earn a small discount on your policy.
- ABS Brakes – Cars and trucks equipped with ABS or steering control can stop better under adverse conditions and will save you 10% or more on Taurus insurance in Albuquerque.
Please keep in mind that some of the credits will not apply to the whole policy. Most only apply to individual premiums such as comp or med pay. So despite the fact that it appears you could get a free auto insurance policy, you aren’t that lucky.
The diagram below illustrates the difference between Ford Taurus car insurance costs with and without discounts applied to the rates. The rate quotes are based on a male driver, no accidents or driving violations, New Mexico state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, homeowner, multi-car, claim-free, and marriage discounts applied.
A list of companies and a summarized list of policyholder discounts can be read below.
- GEICO may include discounts for driver training, anti-theft, defensive driver, multi-policy, multi-vehicle, and seat belt use.
- Travelers offers discounts for early quote, multi-car, driver training, good student, and multi-policy.
- Nationwide includes discounts for good student, business or organization, defensive driving, anti-theft, multi-policy, family plan, and accident-free.
- Farmers Insurance may have discounts that include alternative fuel, mature driver, electronic funds transfer, homeowner, and teen driver.
- Esurance has discounts for emergency road assistance, safety device, renters, online shopper, Pac-12 alumni, good student, and good driver.
- State Farm discounts include defensive driving training, multiple autos, Steer Clear safe driver discount, good driver, accident-free, good student, and multiple policy.
- Progressive has savings for good student, online quote discount, multi-vehicle, homeowner, and continuous coverage.
- Mercury Insurance offers discounts including type of vehicle, good student, anti-theft, accident-free, and location of vehicle.
Before purchasing a policy, check with each insurance company to apply every possible discount. Some discounts listed above may not be available in your area. To view companies who offer cheap Ford Taurus insurance quotes in Albuquerque, click here.
There are several ways to compare rate quotes from all the different companies. The simplest method to compare Ford Taurus insurance prices consists of obtaining rate quotes online.
When comparing car insurance rates, know that comparing more prices increases your odds of finding better pricing.
The companies shown below provide price quotes in New Mexico. To find cheaper car insurance in Albuquerque, NM, we suggest you click on several of them to get the most affordable price.
Ford Taurus insurance coverage information
The price information displayed next highlights a range of policy rates for Ford Taurus models. Having knowledge of how auto insurance prices are figured can aid in making informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Taurus SE | $242 | $412 | $338 | $20 | $102 | $1,114 | $93 |
| Taurus SEL | $270 | $484 | $338 | $20 | $102 | $1,214 | $101 |
| Taurus SEL AWD | $270 | $484 | $338 | $20 | $102 | $1,214 | $101 |
| Taurus Limited | $270 | $484 | $338 | $20 | $102 | $1,214 | $101 |
| Taurus Limited AWD | $270 | $558 | $338 | $20 | $102 | $1,288 | $107 |
| Taurus SHO AWD | $296 | $558 | $338 | $20 | $102 | $1,314 | $110 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and New Mexico minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Estimates do not factor in Albuquerque location which can influence rates noticeably.
Deductible analysis
When buying insurance, a common question is the level to set your comp and collision deductibles. The following insurance rates approximate how much more rates are between high and low policy deductibles. The first set of rates uses a $250 deductible for comp and collision and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Taurus SE | $280 | $420 | $322 | $20 | $96 | $1,163 | $97 |
| Taurus SEL | $314 | $494 | $322 | $20 | $96 | $1,271 | $106 |
| Taurus SEL AWD | $314 | $494 | $322 | $20 | $96 | $1,271 | $106 |
| Taurus Limited | $314 | $494 | $322 | $20 | $96 | $1,271 | $106 |
| Taurus Limited AWD | $314 | $570 | $322 | $20 | $96 | $1,347 | $112 |
| Taurus SHO AWD | $346 | $570 | $322 | $20 | $96 | $1,379 | $115 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Taurus SE | $228 | $338 | $322 | $20 | $96 | $1,004 | $84 |
| Taurus SEL | $254 | $398 | $322 | $20 | $96 | $1,090 | $91 |
| Taurus SEL AWD | $254 | $398 | $322 | $20 | $96 | $1,090 | $91 |
| Taurus Limited | $254 | $398 | $322 | $20 | $96 | $1,090 | $91 |
| Taurus Limited AWD | $254 | $458 | $322 | $20 | $96 | $1,150 | $96 |
| Taurus SHO AWD | $280 | $458 | $322 | $20 | $96 | $1,176 | $98 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Mexico minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Rates do not factor in garaging location in Albuquerque which can alter premium rates substantially.
Based on the data above, we can derive that using a $250 deductible would cost the average driver about $15 more each month or $180 every year than buying the higher $500 deductible. Due to the fact that you would have to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you usually have more than 17 months between claims, you would probably save some money by selecting a higher deductible.
Insurance prices based on gender
The diagram below shows the difference between Ford Taurus insurance costs for male and female drivers. Data assumes no violations or claims, comprehensive and collision coverage, $250 deductibles, single status, and no discounts are taken into consideration.
Informed Consumers Know How to Get Car Insurance at a Discount
Many things are used when pricing auto insurance. Some are obvious like a motor vehicle report, although others are not as apparent such as whether you are married or your commute time. Part of the car insurance buying process is learning some of the things that come into play when calculating the level of your policy premiums. When you know what positively or negatively influences your rates, this helps enable you to make changes that could result in lower rates.
Listed below are some of the things used by companies to determine rates.
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Older drivers save more – More mature drivers are more cautious drivers, are lower risk to insure, and tend to be get fewer driving tickets. Teenage drivers are statistically shown to be easily distracted with other occupants in the car so car insurance rates are higher.
The chart below uses these assumptions: single driver, full coverage with $100 deductibles, and no discounts or violations.
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Tickets cost more than a fine – Your driving record can have a huge impact on auto insurance premiums. Good drivers have lower premiums than bad drivers. Getting just one citation could increase your next policy renewal forty percent or more. Drivers who have multiple violations like reckless driving, hit and run or driving under the influence may find they need to file a SR-22 with the DMV in their state in order to continue driving.
The diagram below demonstrates how speeding tickets and at-fault claims increase Ford Taurus annual premium costs for different age groups. The price estimates are based on a married female driver, comp and collision included, $500 deductibles, and no discounts are factored in.
- Premiums are affected by your credit score – Your credit rating is likely to be a major factor in calculating your car insurance rates. Insureds with very good credit scores tend to be less risk to insure than drivers who have poor credit. Therefore, if your credit history can use some improvement, you could save money insuring your Ford Taurus by spending a little time repairing your credit.
- Adjust physical damage deductibles and save – Deductibles for physical damage are how much you are required to spend if a claim is determined to be covered. Insurance for physical damage, also called ‘full coverage’, covers damage that occurs to your car. Examples of some claims that would be covered would be collision with another vehicle, damage from fire, and damage from wind. The more you are required to pay out-of-pocket, the lower your rates will be.
- Mileage impacts prices – The more miles you rack up on your Ford annually the more you’ll pay to insure it. A lot of insurance companies charge to insure your cars based upon how much you drive. Cars and trucks used primarily for pleasure use receive lower rates than vehicles that have high annual mileage. Double check that your car insurance policy states how each vehicle is driven, because improper ratings can cost you money. Having an incorrect usage rating on your Taurus can cost quite a bit.
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Ford Taurus insurance loss data – Insurance companies use past loss statistics for each vehicle when they set coverage costs for each model. Vehicles that are shown to have higher frequency or amount of claims will have higher premium rates.
The next table illustrates the insurance loss data used by companies for Ford Taurus vehicles. For each type of coverage, the loss probability for all vehicles, as an average, is set at 100. Numbers below 100 suggest losses that are better than average, while numbers above 100 indicate higher probability of having a loss or statistically larger claims.
Ford Taurus Insurance Loss Statistics Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Ford Taurus 2WD 109 88 134 115 115 101 Ford Taurus 4WD 120 78 141 124 Ford Taurus SHO 4WD 143 96 185 84 103 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Don’t assume everyone needs the same car insurance coverage
When quoting and choosing the right insurance coverage, there isn’t really a “best” method to buy coverage. Every insured’s situation is different and your car insurance should unique, too. Here are some questions about coverages that can help discover if your situation might need an agent’s assistance.
- Can I drive in Mexico and have coverage?
- Do I need more liability coverage?
- Which companies are cheaper for teen drivers?
- I have good health insurance, so how much medical payments coverage do I need?
- Are all vehicle passengers covered by medical payments coverage?
- What is medical payments coverage?
- Is my camper covered by my car insurance policy?
If you can’t answer these questions but one or more may apply to you, you may need to chat with an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies.
Insurance quotes from local Albuquerque insurance agents
Some consumers would rather sit down with an agent and doing that can be a smart decision One of the benefits of getting free rate quotes online is you may find the best rates and also buy local. And buying from neighborhood agents is definitely important in Albuquerque.
Once you complete this short form, your insurance coverage information gets sent to agents in your area that provide free Albuquerque car insurance quotes for your business. You won’t even need to even leave your home since rate quotes are delivered to you instantly. You can find the lowest rates and a licensed agent to work with. If you wish to compare rates from one company in particular, you just need to find their quoting web page and fill out the quote form the provide.
If you are wanting to find a reputable agency, it helps to know the two different types of agencies and how they differ in how they quote coverages. Insurance agencies can either be exclusive agents or independent agents.
Independent Insurance Agencies or Brokers
Agents of this type do not write with just one company and that is an advantage because they can write policies through lots of different companies depending on which coverage is best. If premiums increase, they can switch companies in-house and that require little work on your part. When comparing rate quotes, you should always check rates from multiple independent agents for the best price selection. Many can place coverage with additional companies that you may not be familiar with which may provide better rates.
Featured below are Albuquerque independent agencies who may provide free insurance quotes.
- Free Market Insurance Agency
6211 San Mateo Blvd NE #120 – Albuquerque, NM 87109 – (505) 881-2645 – View Map - Menicucci Insurance Llc
2116 Vista Oeste NW Bldg 5 – Albuquerque, NM 87120 – (505) 883-3683 – View Map - Cress Insurance
6101 Moon St NE #1000 – Albuquerque, NM 87111 – (505) 822-8114 – View Map
Exclusive Insurance Agencies
These type of agents are contracted to one company and examples are Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents cannot compare rates from other companies so they are skilled at selling on more than just price. Exclusive insurance agents are trained well on what they offer and that can be a competitive advantage. Consumers often buy from the same agent for years mainly due to loyalty to the company and strong financial ratings.
Shown below is a short list of exclusive agencies in Albuquerque that are able to give price quote information.
- Rick Buckner – State Farm Insurance Agent
9601 Sage Rd SW d – Albuquerque, NM 87121 – (505) 833-9596 – View Map - Bob Jones – State Farm Insurance Agent
3613 NM-528 B – Albuquerque, NM 87114 – (505) 898-9505 – View Map - Allstate Insurance: Valerie Muldez
8101 San Pedro Dr NE, Ste C1 – Albuquerque, NM 87113 – (505) 881-5056 – View Map
Finding the right car insurance agent should include more criteria than just the quoted price. Here are some questions you should ask.
- Has the agent ever had any license suspensions?
- Will you work with the agent or an assistant?
- What kind of financial rating does the company have?
- Do they have 24-hour customer assistance?
- Do they offer rental car reimbursement?
Three good reasons to insure your Ford Taurus
Despite the high cost of buying insurance for a Ford Taurus in Albuquerque, buying auto insurance is a good idea for several reasons.
First, just about all states have compulsory liability insurance requirements which means you are required to buy a minimum amount of liability in order to license the vehicle. In New Mexico these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your Taurus has a loan, almost all lenders will make it mandatory that you carry insurance to guarantee payment of the loan. If the policy lapses, the lender may insure your Ford at a more expensive rate and require you to pay for the much more expensive policy.
Third, auto insurance protects not only your Ford but also your financial assets. Insurance will pay for medical transport and hospital expenses incurred in an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of insuring your car definitely exceed the price paid, especially for larger claims. But the average American driver overpays more than $700 annually so it’s recommended you shop around each time the policy renews to ensure rates are competitive.
One last thing about your coverage
When searching for the cheapest Ford Taurus rate quotes, you should never buy poor coverage just to save money. In many instances, an insured dropped collision coverage only to regret at claim time they didn’t have enough coverage. Your aim should be to find the BEST coverage for the lowest price, but do not sacrifice coverage to save money.
Some insurance companies do not offer online quoting and usually these small insurance companies only sell coverage through independent agencies. More affordable car insurance in Albuquerque can be found from both online companies as well as from insurance agents, so you should compare both in order to have the best price selection to choose from.
More information can be read below:
- Young Drivers: The High Risk Years Video (iihs.org)
- How Much is Car Insurance for a Toyota Highlander in Albuquerque? (FAQ)
- What Insurance is Cheapest for High School Students in Albuquerque? (FAQ)
- Who Has Affordable Auto Insurance for 16 Year Olds in Albuquerque? (FAQ)
- Who Has the Cheapest Albuquerque Auto Insurance for Seniors? (FAQ)
- Who Has Cheap Auto Insurance for Drivers Over Age 70 in Albuquerque? (FAQ)
- Who Has the Cheapest Albuquerque Car Insurance for a Jeep Grand Cherokee? (FAQ)
- Who Has Cheap Car Insurance Rates for Teenagers in Albuquerque? (FAQ)
- Vehicle Insurance (Wikipedia)
- Should I Buy a New or Used Car? (Allstate)