Cheap Ford Flex Insurance in Cleveland

It’s safe to conclude that insurance companies want to keep your business as long as possible. People who shop around once a year will, in all likelihood, move their business because they stand a good chance of finding coverage at a more affordable price. A recent survey discovered that people who compared prices once a year saved over $3,400 over four years compared to those who never shopped around for lower prices.

If finding the lowest price on Ford Flex insurance in Cleveland is your ultimate target, knowing the best ways to shop for car insurance can help simplify the process.

Insurance quote for Ford Flex in ClevelandThe recommended way to find cheaper auto insurance rates is to compare quotes once a year from different companies in Cleveland. Prices can be compared by following these steps.

  1. Learn about policy coverages and the things you can change to lower rates. Many policy risk factors that drive up the price such as traffic violations and a less-than-favorable credit score can be amended by making lifestyle changes or driving safer.
  2. Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like GEICO and State Farm, while independent agencies can quote prices from many different companies.
  3. Compare the price quotes to your existing policy and see if there is a cheaper rate in Cleveland. If you find a lower rate quote and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
  4. Provide proper notification to your current company of your intention to cancel your current car insurance policy. Submit any necessary down payment along with the completed application to the newly selected company. Be sure to keep the new proof of insurance paperwork in a readily accessible location in your vehicle.

The critical component of shopping around is to try to use identical coverage information on each price quote and and to get prices from as many companies as possible. Doing this provides the most accurate price comparison and the best price selection.

Locating the most cost-effective auto insurance policy in Cleveland is really not that difficult. If you have a current auto insurance policy or just want to reduce your rates, use these tips to lower your rates while maintaining coverages. You just have to learn the most efficient way to shop over the internet.

All the larger car insurance companies provide price estimates directly from their websites. This process is possible for anyone as you just type in your required coverages on the page. After you complete the form, their rating system sends out for your credit score and driving record and returns a price quote based on these factors.

Being able to quote online for Ford Flex insurance in Cleveland makes it simple to compare prices and it’s necessary to get many rate quotes in order to find the most affordable premium possible.

To save time and compare rates now, compare quotes from the companies shown below. If you have your current policy handy, we recommend you enter the coverages exactly as shown on your declarations page. Using the same limits helps guarantee you are getting rate quotes for the exact same coverage.

The auto insurance companies shown below are our best choices to provide price quotes in Cleveland, OH. If you wish to find the best cheap auto insurance in Cleveland, OH, we recommend you click on several of them to get the cheapest price.

Facts and figures for Ford Flex insurance

The data table displayed below showcases different insurance rates for Ford Flex models. Understanding more about how insurance quotes are calculated is important to be able to make smart choices when buying a policy.

Ford Flex Insurance Rates in Cleveland, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Flex SE 2WD $216 $406 $274 $16 $82 $994 $83
Flex SEL 2WD $216 $478 $274 $16 $82 $1,066 $89
Flex SEL AWD $240 $478 $274 $16 $82 $1,090 $91
Flex Limited 2WD $240 $478 $274 $16 $82 $1,090 $91
Flex Limited AWD $240 $478 $274 $16 $82 $1,090 $91
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Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Premium costs do not factor in Cleveland location which can affect insurance rates significantly.

Physical damage deductibles

When comparing insurance rates, the most common question is where should you set your physical damage deductibles. The figures shown below highlight the rate difference when you buy lower versus higher comp and collision deductibles. The first rate table uses a $100 deductible and the second price table uses a $500 deductible.

Ford Flex insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Flex SE 2WD $220 $352 $226 $14 $68 $905 $75
Flex SEL 2WD $220 $416 $226 $14 $68 $969 $81
Flex SEL AWD $246 $416 $226 $14 $68 $995 $83
Flex Limited 2WD $246 $416 $226 $14 $68 $995 $83
Flex Limited AWD $246 $416 $226 $14 $68 $995 $83
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Ford Flex insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Flex SE 2WD $160 $238 $226 $14 $68 $706 $59
Flex SEL 2WD $160 $280 $226 $14 $68 $748 $62
Flex SEL AWD $180 $280 $226 $14 $68 $768 $64
Flex Limited 2WD $180 $280 $226 $14 $68 $768 $64
Flex Limited AWD $180 $280 $226 $14 $68 $768 $64
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Estimates do not factor in garaging location in Cleveland which can change price quotes significantly.

Based on the figures above, using a $100 deductible will cost you approximately $18 more each month or $216 every year than opting for the higher $500 deductible. Because you would pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you normally go at a minimum 22 months between claim filings, you would probably save some money if you choose the higher deductible.

The diagram below highlights how deductible selection and can raise or lower Ford Flex premium costs for each age group. The data assumes a married male driver, full physical damage coverage, and no policy discounts are applied.

Should you buy full coverage?

The diagram below illustrates the comparison of Ford Flex auto insurance costs with liability coverage only compared to full coverage. The premium estimates are based on no claims or violations, $100 deductibles, drivers are single, and no discounts are applied to the premium.

When to stop buying comprehensive and collision coverage

There is no written rule of when to eliminate comp and collision coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.

For example, let’s pretend your Ford Flex settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company would pay you is $6,000 after the policy deductible has been paid. If you are paying more than $600 a year for your policy with full coverage, then it may be the right time to buy liability only.

There are a few cases where dropping physical damage coverage is not in your best interest. If you still owe money on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage.

Why Your Insurance Prices might be higher

The best way to find cheaper insurance is to take a look at the rating factors that aid in calculating insurance rates. When you know what positively or negatively controls the rates you pay, this enables you to make decisions that may reward you with big savings.

The following are some of the factors companies use to determine your prices.

The type of car you drive affects your costs – The type of car, truck or SUV you drive makes a huge difference in determining your rates. The lowest base rates will generally be found on lower cost passenger cars, but that’s not the only thing that factors into the final price.

The following chart uses these assumptions: single male driver age 40, full coverage with $1000 deductibles, and no discounts or violations. The data compares Ford Flex insurance rates compared to other models of vehicles that have a range of risk factors.

Don’t abuse policy claims – If you file a lot of claims you can pretty much guarantee higher rates. Insurance companies in Ohio give most affordable rates to people who are claim-free. Auto insurance is intended to be relied upon for claims that pose a financial burden.

Liability is peace of mind – A critical coverage on your policy, liability insurance is the coverage that protects you in the event that you are ruled to be at fault for causing damage or personal injury in an accident. Liability provides legal defense coverage which can be incredibly expensive. This coverage is very inexpensive as compared to coverage for physical damage, so drivers should carry high limits.

Never go without insurance – Not maintaining insurance can get you a ticket and companies may charge more for letting your coverage lapse. And not only will your rates increase, the inability to provide proof of insurance will get you a revoked license or a big fine. You may have to submit proof of financial responsibility or a SR-22 with the Ohio DMV.

Premiums increase with driving tickets – Even one driving citation can bump up the cost forty percent or more. Drivers with clean records pay less for auto insurance compared to bad drivers. Drivers who get severe tickets like DWI, reckless driving or hit and run convictions may face state-mandated requirements to prove financial responsibility with their state in order to keep their license.

The illustration below shows how traffic citations and accident claims drive up Ford Flex insurance premiums for different insured age categories. The costs are based on a single female driver, comp and collision included, $250 deductibles, and no additional discounts are factored in.

Pleasure use or commuting – Driving a lot of miles annually the more it will cost to insure it. A lot of companies charge to insure your cars based on their usage. Vehicles that have low annual miles receive lower rates than vehicles that are driven to work every day. It’s always a good idea to double check that your policy is rated on the correct usage. Improper usage on your Flex may be wasting your money.

Ford Flex historical loss data – Auto insurance companies use past loss statistics for each vehicle as a tool for profitable underwriting. Vehicles that statistically have a higher amount or frequency of claims will cost more to insure. The next table illustrates the loss history for Ford Flex vehicles.

For each policy coverage type, the loss probability for all vehicles, as an average, is represented as 100. Numbers shown that are under 100 suggest a better than average loss history, while values that are above 100 indicate frequent claims or an increased chance of larger losses than average.

Ford Flex Insurance Claim Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Ford Flex 4dr 2WD 89 84 107 91 100 87
Ford Flex 4dr 4WD 105 84 119 77 79 75

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Three reasons car insurance is important

Despite the potentially high cost of Ford Flex insurance, paying for car insurance is most likely required but also gives you several important benefits.

The benefits of carrying adequate insurance more than cancel out the cost, specifically if you ever have a liability claim. In a recent study of 1,000 drivers, the average customer overpays more than $750 every year so it’s very important to do a rate comparison at every renewal to be sure current rates are still competitive.