You have probably seen the commercials from insurers like GEICO and Farmers that promise dirt cheap rates, so you just need to select the one with the best jingle, right?
It’s just not that simple, as there are a whole bunch of unknown factors like if you want the added protection of full coverage, if you have any driving citations, and if you have maintained coverage continuously, that all have an effect on the price. This article goes into detail about these factors and others that can influence the price of auto insurance and will hopefully give you a good start to your coverage search.
The car, truck, or SUV to be insured is a large factor when shopping around for low-cost insurance for a Ford Escape. Vehicles with higher performance, poor safety ratings, or a high likelihood of having liability claims will cost quite a bit more to insure than safer, lower-performance models.
The list below features coverage costs for the most budget-friendly vehicles to buy coverage for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $1,183 |
| Hyundai Elantra SE Touring Station Wagon | $1,284 |
| Honda Odyssey LX | $1,301 |
| Chevrolet Silverado LS Regular Cab 4WD | $1,306 |
| Toyota Prius | $1,311 |
| Honda Accord EX 4-Dr Sedan | $1,452 |
| Toyota Corolla S | $1,474 |
| Ford Edge Sport 2WD | $1,484 |
| Nissan Rogue S AWD | $1,504 |
| Dodge Ram Crew Cab SLT 2WD | $1,531 |
| Toyota Tacoma 2WD | $1,573 |
| Chevrolet Impala LS | $1,581 |
| GMC Sierra 2500HD SLT Extended Cab 4WD | $1,575 |
| Ford Escape Limited 4WD | $1,578 |
| Volkswagen Jetta SE 2.5 Station Wagon | $1,583 |
| GMC Sierra SLT Crew Cab 4WD | $1,600 |
| Toyota Camry Hybrid | $1,602 |
| Start Your Quote Go | |
Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Table data does not factor in specific location information which can impact premium rates substantially.
Based upon these rates, models like the Honda CR-V, Hyundai Elantra, and Honda Odyssey will definitely be the cheapest vehicles to insure for an Escape.
Deciding which companies have the most affordable insurance rates for a Ford Escape takes a bit more effort than just getting one or two price quotes.
Every car insurance company used slightly different criteria to determine premium rates, so we’ll take a look at the insurance companies with the most affordable rates in Charlotte.
Compare Cheap Insurance Quotes for Your Escape
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Progressive | $632 |
| 2 | Utica National | $643 |
| 3 | NC Farm Bureau | $716 |
| 4 | Penn National | $717 |
| 5 | GEICO | $720 |
| 6 | Liberty Mutual | $721 |
| 7 | Titan | $729 |
| 8 | State Farm | $749 |
| 9 | Auto-Owners | $844 |
| 10 | National General | $881 |
| 11 | Allied | $919 |
| 12 | Erie | $922 |
| 13 | Travelers | $927 |
| 14 | Peerless | $962 |
| 15 | Unitrin | $1,002 |
| 16 | MetLife | $1,007 |
| 17 | Nationwide | $1,011 |
| 18 | Safeco | $1,066 |
| 19 | Encompass | $1,073 |
| 20 | Allstate | $1,097 |
| Find Your Rate Go | ||
Progressive generally has some of the lowest car insurance rates in Charlotte at around $632 each year. Utica National, NC Farm Bureau, Penn National, and GEICO also rank well as some of the cheaper Charlotte, NC auto insurance companies.
As shown in the rates above, if you are a policyholder with Penn National and switched to Utica National, you could see a yearly price reduction of in the neighborhood of $74. Insureds with GEICO might save as much as $77 a year, and Liberty Mutual customers might lower prices by $78 a year.
These rates are averages for all insureds and vehicles and and are not figured with a specific location for a Ford Escape. So the insurer that has the lowest price for you may not even be in the top 20 companies shown above. That helps illustrate why you need to get rate quotes using your own specific driver and vehicle information.
One of the many considerations that are used to help calculate insurance cost is your zip code. Larger areas will most likely pay more, whereas areas with less congestion can boast about having cheaper rates.
The information below lists the most costly cities in North Carolina for a Ford Escape to buy auto insurance in. Charlotte ranks #4 with a yearly premium of $808 for the average policy, which is about $67 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Fayetteville | $932 |
| 2 | Jacksonville | $900 |
| 3 | Gastonia | $811 |
| 4 | Charlotte | $808 |
| 5 | Durham | $789 |
| 6 | Wilmington | $781 |
| 7 | Cary | $772 |
| 8 | Raleigh | $767 |
| 9 | Greensboro | $763 |
| 10 | Greenville | $752 |
| 11 | Wilson | $746 |
| 12 | High Point | $745 |
| 13 | Indian Trail | $745 |
| 14 | Goldsboro | $743 |
| 15 | Huntersville | $734 |
| 16 | Rocky Mount | $726 |
| 17 | Apex | $717 |
| 18 | Salisbury | $712 |
| 19 | Hickory | $711 |
| 20 | Winston Salem | $709 |
| 21 | Chapel Hill | $696 |
| 22 | Kannapolis | $690 |
| 23 | Burlington | $678 |
| 24 | Concord | $676 |
| 25 | Asheville | $661 |
| Get a Custom Quote Go | ||
Price information shown is approximated as the garaging address in Charlotte can revise premium rates significantly.
Types of discounts on Charlotte auto insurance
Auto insurance companies that provide coverage for a Ford Escape may also offer price discounts that can lower rates by 35% or more if you are eligible to receive them. Large insurance companies and some of the premium reductions they offer are outlined below.
- 21st Century offers discounts for defensive driver, student driver, homeowners, driver training, anti-lock brakes, and teen driver.
- State Farm offers discounts including multiple policy, accident-free, anti-theft, good student, and student away at school.
- AAA offers premium reductions for pay-in-full, multi-car, good student, multi-policy, anti-theft, AAA membership discount, and good driver.
- Liberty Mutual may include discounts for new move discount, multi-car, hybrid vehicle, multi-policy, newly married, new vehicle discount, and good student.
- Progressive has savings for multi-vehicle, homeowner, online quote discount, continuous coverage, online signing, good student, and multi-policy.
The information below illustrates the difference between car insurance costs with and without policy discounts. The rate quotes are based on a female driver, no tickets, no at-fault accidents, North Carolina state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with vehicle safety, homeowner, safe-driver, defensive driving course, accident-free, and claim-free discounts applied. When drivers take advantage of discounts, the average savings per year on insurance for a Ford Escape is 28% or $468.
Bad driving habits will cost you more
The obvious way to earn good insurance rates in Charlotte for an Escape is to be a good driver and maintain a clean driving record. The diagram below demonstrates how speeding tickets and at-fault accidents increase auto insurance rates for different ages of insureds. The information is based on a married male driver, full coverage, $100 deductibles, and no policy discounts are applied.
The data in the chart shows the average cost of an auto insurance policy in North Carolina per year with no violations or accidents is $1,668. Factor in one speeding ticket and the average cost rises to $1,912, an increase of $244 each year. Then include two accidents along with the one speeding ticket and the annual cost of insurance for a Ford Escape goes up to an average of $3,967. That’s an increase of $2,299, or $192 per month, just for being a careless driver!
Can you find cheaper Charlotte car insurance?
North Carolina insurance rates are influenced by many factors that control your annual premium. Simply having a birthday, moving to a different location, or having a fender bender can cause premium changes that can make some companies affordable when they were higher priced.
Not only may your risk profile change, but insurers amend pricing every year to help ensure profitability. Heavier than normal losses may result in rate increases, while long-term profits may cause cheaper Charlotte car insurance rates.
The graph below shows the cheapest car insurance in Charlotte, NC for a 45-year-old male driver with no prior claims, no tickets, and a good credit history. If we estimate prices based on his personal risk profile, Utica National quotes the most affordable car insurance rates in Charlotte at $785 per year. This is $87 less than the average rate paid by North Carolina drivers of $872. Progressive, NC Farm Bureau, Liberty Mutual, and Penn National are the rest of the best Charlotte, NC auto insurance companies.
The example below compares rates after we give the driver from the first rate comparison a claim or two, a little lower credit rating, and an imperfect driving record. Since every insurance provider has a proprietary formula to set policy rates, analyzing rates may now result in a different list of the cheapest companies as shown below.
Titan now has the best price in Charlotte with State Farm, Auto-Owners, Progressive, and National General now being in the top five. This shows why drivers need to do a thorough rate comparison when trying to get the most affordable insurance quotes for a Ford Escape. Prices consist of many risk factors and can increase or decrease at any time, so the most economical company the last time you compared rates may now be quite expensive.
The agents listed below are a good start to help you make a decision which coverages are best, since lots of people like to get help from a professional when buying car insurance for an Escape. It can be complicated to find coverage yourself, and professional agents can add peace of mind knowing your policy gives you sufficient coverage for your assets. To locate a Charlotte car insurance agency closest to you, click the button at the bottom of the list or click here to get price quotes now.
- Lawing – Elvington Insurance Agency
6132 Brookshire Blvd b – Charlotte, NC 28216 – (704) 391-8483 - Sarah Highfill – State Farm Insurance Agent
7845 Colony Rd – Charlotte, NC 28226 – (704) 541-9999 - Brian McCaw – State Farm Insurance Agent
5950 Fairview Rd #220 – Charlotte, NC 28210 – (704) 554-0144
View map of Charlotte, NC insurance agents
How to find the cheapest car insurance for a Ford Escape
Here are some of the better penny-pinching ideas that can help Charlotte drivers quote cheaper auto insurance.
- Drive attentively and avoid accidents
- Increase your physical damage deductibles
- Do not get tickets
- Safe vehicles generally have lower rates
- Drivers with good credit ratings often pay less
- Compare rates often to find the best deal
The last tip in the list is extremely vital, as we noted in the prior article. Coverage rates can change in a short period of time, so drivers shouldn’t be resistant to change to a new company if a better deal can be had. We understand brand loyalty, but it’s not a good idea if that inflexibility results in costing you a small fortune. In just a few minutes you could compare prices and find cheaper insurance for a Ford Escape in Charlotte.