Save Money on Ford Flex Insurance in Miami

Insurance for Ford FlexThe most effective way to get budget car insurance rates is to do an annual price comparison from insurers in Miami.

Step 1: Take a little time to learn about how companies set rates and the factors you can control to prevent expensive coverage. Many rating criteria that cause rate increases such as accidents, careless driving, and an unacceptable credit score can be rectified by paying attention to minor details.

Step 2: Request rate estimates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from one company like GEICO or State Farm, while independent agents can give you price quotes for a wide range of insurance providers. Compare rates now

Step 3: Compare the new rates to your current policy to determine if you can save on Flex insurance in Miami. If you find better rates and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.

One piece of advice is that you’ll want to make sure you compare identical deductibles and limits on each price quote and and to look at as many different insurance providers as possible. Doing this helps ensure an accurate price comparison and a complete price analysis.

Statistics show that the vast majority of Florida car insurance customers renewed their policy with the same company for at least the last four years, and almost 40% of drivers have never taken the time to shop around. U.S. consumers can cut their rates by 46.5% a year just by getting comparison quotes, but they don’t know how much money they would save if they just switched companies.

Locating the most cost-effective car insurance policy in Miami is actually not that difficult if you follow our advice. If you are insured now, you will surely be able to reduce premiums using these techniques. Consumers just need to learn the quickest method to shop for car insurance online.

Cheapest auto insurance in Miami, FL

The providers in the list below are ready to provide price quotes in Miami, FL. To get cheap auto insurance in Miami, FL, we recommend you visit several of them in order to find the cheapest rates.

Ford Flex insurance statistics and information

The coverage table displayed below showcases different insurance coverage prices for Ford Flex models. Having a better understanding of how rates are figured helps drivers make decisions on the best policy to buy.

Ford Flex Insurance Rates in Miami, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Flex SE 2WD $364 $544 $418 $24 $124 $1,474 $123
Flex SEL 2WD $364 $640 $418 $24 $124 $1,570 $131
Flex SEL AWD $406 $640 $418 $24 $124 $1,612 $134
Flex Limited 2WD $406 $640 $418 $24 $124 $1,612 $134
Flex Limited AWD $406 $640 $418 $24 $124 $1,612 $134
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Price information does not factor in specific zip code location which can change prices noticeably.

Physical damage deductibles: Should you raise them?

When buying auto insurance, a common question is how high or low should comp and collision deductibles be. The figures shown below determine the differences in price when you buy lower versus higher comp and collision deductibles. The first set of prices uses a $100 physical damage coverage deductible and the second set of rates uses a $1,000 deductible.

Ford Flex insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Flex SE 2WD $406 $648 $418 $24 $124 $1,645 $137
Flex SEL 2WD $406 $764 $418 $24 $124 $1,761 $147
Flex SEL AWD $452 $764 $418 $24 $124 $1,807 $151
Flex Limited 2WD $452 $764 $418 $24 $124 $1,807 $151
Flex Limited AWD $452 $764 $418 $24 $124 $1,807 $151
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Ford Flex insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Flex SE 2WD $224 $342 $418 $24 $124 $1,132 $94
Flex SEL 2WD $224 $402 $418 $24 $124 $1,192 $99
Flex SEL AWD $250 $402 $418 $24 $124 $1,218 $102
Flex Limited 2WD $250 $402 $418 $24 $124 $1,218 $102
Flex Limited AWD $250 $402 $418 $24 $124 $1,218 $102
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Prices do not factor in Miami location which can decrease or increase rates noticeably.

We can derive from the above data that using a $100 deductible will cost you roughly $47 more each month or $564 each year than quoting the higher $1,000 deductible. Since you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you normally go more than 19 months between claims, you would probably come out ahead if you decide on a higher deductible.

The illustration below illustrates how choosing a deductible and can change Ford Flex annual premium costs for different ages of insureds. The data is based on a married male driver, full physical damage coverage, and no additional discounts are factored in.

Drive safe and save

The chart below demonstrates how traffic citations and at-fault claims increase Ford Flex auto insurance costs for different age categories. Data assumes a single female driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.

Liability only or full coverage

The diagram below compares Ford Flex insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Florida. The data assumes no violations or claims, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.

Are you wasting money on full coverage?

There is no clear-cut rule for dropping physical damage coverage on your policy, but there is a general convention. If the annual cost of comprehensive and collision coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.

For example, let’s pretend your Ford Flex replacement cost is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $6,000 after paying your policy deductible. If it’s costing you more than $600 annually for physical damage coverage, then it may be the right time to buy liability only.

There are some cases where buying only liability insurance is not in your best interest. If you still have a loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not remove full coverage.

Get discounts to get affordable Miami car insurance quotes

Car insurance can be pricey, but you may qualify for discounts that could drop your premiums quite a bit. Some discounts will apply when you purchase, but a few must be asked for before you will receive the discount. If you do not check that you are getting every discount you deserve, you may be paying too high a price.Save money with discounts

As a sidenote, most of the big mark downs will not be given to your bottom line cost. Most cut the cost of specific coverages such as comp or med pay. Even though it appears having all the discounts means you get insurance for free, that’s just not realistic.

The example below illustrates the comparison of Ford Flex auto insurance costs with and without discounts applied. The costs are based on a female driver, no driving violations, no at-fault accidents, Florida state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, multi-car, multi-policy, marriage, and safe-driver discounts applied.

A few companies that have some of the discounts shown above may include but are not limited to:

When getting a coverage quote, ask every prospective company how many discounts you can get. All car insurance discounts may not apply in every state. If you would like to see a list of car insurance companies offering car insurance discounts in Miami, click this link.

Why You Might Pay Higher Rates in Miami

Many different elements are part of the calculation when premium rates are determined. Some are obvious like your driving record, but others are more transparent like your continuous coverage or how safe your car is.

How to know if you need help

When selecting the right insurance coverage for your vehicles, there really is no cookie cutter policy. Everyone’s situation is a little different and your insurance should be unique as well.Drive safe and save
These are some specific questions could help you determine whether or not you would benefit from an agent’s advice.

If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.

Do I need an insurance agent?

Some consumers just want to buy from a local agent and doing so can bring peace of mind Experienced insurance agents are highly skilled in risk management and help you file claims. The biggest benefit of comparing insurance prices online is that drivers can save money and get lower prices but also keep your business local.

Miami insurance agentsTo help locate an agent, after submitting this simple form, your information gets sent to companies in Miami who want to provide quotes and help you find cheaper coverage. You never need to leave your house since price quotes are sent directly to you. If you wish to get a comparison quote from a specific insurance company, feel free to visit that company’s website and submit a quote form there.

Finding the right company needs to be determined by more than just a low price. These are some questions you should get answers to.

If you want a local Miami insurance agency, there are two different agency structures to choose from. Agents in Miami can be classified as either independent agents or exclusive agents. Either one can insure your vehicles properly, but it’s worth mentioning the difference between them because it may have an impact on the kind of agent you use.

Exclusive Agencies

Agents of this type can only place business with one company and examples are State Farm, AAA, Farmers Insurance or Allstate. Exclusive agents cannot provide prices from multiple companies so you need to shop around if the rates are high. Exclusive insurance agents are well schooled on their company’s products and that can be a competitive advantage. Some people will only use the same exclusive agent partially due to the brand rather than low price.

Below is a list of exclusive agencies in Miami who may provide you with comparison quotes.

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Independent Agents

Agents that choose to be independent are normally appointed by many insurers and that enables them to quote your coverage with a variety of different insurance companies and possibly get better coverage at lower prices. If your premiums go up, your policy is moved internally and you don’t have to do anything.

If you are comparing rate quotes, you need to get several quotes from multiple independent agents for maximum quote selection. A lot of them also have access to mutual insurance companies which may have better rates.

Shown below are independent insurance agencies in Miami who can help you get comparison quotes.

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If you feel you receive reasonable responses for all questions you ask as well as a affordable price, you may have just found an auto insurance agent that can be relied on to provide insurance coverage.

Keep this in mind when shopping around

As you quote Miami car insurance, it’s not a good idea to buy less coverage just to save a little money. There are too many instances where drivers have reduced uninsured motorist or liability limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your goal is to buy enough coverage at the best cost.

You just read a lot of ways to shop for Ford Flex insurance online. It’s most important to understand that the more times you quote, the better your chances of lowering your car insurance rates. You may even be surprised to find that the lowest rates come from the least-expected company. Regional companies can often insure niche markets at a lower cost than the large multi-state companies such as State Farm, GEICO and Nationwide.

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