Best Rate Quotes for Ford Flex Insurance in Detroit

Discount Ford Flex insuranceThe recommended way to quote cheaper Ford Flex insurance in Detroit is to compare quotes once a year from providers who provide car insurance in Michigan.

First, try to learn a little about the different coverages in a policy and the things you can change to prevent expensive coverage. Many rating criteria that increase rates such as tickets, at-fault accidents, and a bad credit score can be controlled by being financially responsible and driving safely.

Second, request rate estimates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can provide rates from a single company like GEICO or State Farm, while agents who are independent can quote prices from multiple sources.

Third, compare the new rates to your existing rates to see if a cheaper price is available. If you find better rates and buy the policy, verify that coverage does not lapse between policies.

One piece of advice is to make sure you’re comparing the same physical damage deductibles and liability limits on each quote request and and to get rates from as many car insurance companies as possible. Doing this enables a fair price comparison and a good representation of prices.

We don’t have to tell you that auto insurance companies don’t want you shop around. Drivers who shop around annually will most likely switch to a new company because of the high probability of finding a policy with more affordable rates. A recent survey revealed that drivers who made a habit of comparing rate quotes saved approximately $865 a year compared to drivers who never compared prices.

If finding the cheapest price for Ford Flex insurance in Detroit is your goal, then having a grasp of the best way to shop and compare insurance can make the process less intimidating.

If you currently have a car insurance policy, you will most likely be able to find better prices using these methods. Locating the best rates in Detroit is quite easy. But Michigan consumers should learn how companies price insurance differently because it can help you find the best coverage.

When shopping for low cost Detroit auto insurance quotes, there are a couple of ways of comparing rate quotes from many available car insurance companies in Michigan. The fastest way to lower the rate you pay for Ford Flex insurance involves getting comparison quotes online.

Comparing free rates online is easy and it, takes the place of having to drive to different Detroit agent offices. The ability to quote Ford Flex insurance online eliminates the need for an insurance agent unless you’re the type of person who wants the professional abilities only provided by licensed Detroit agents. It is possible with some companies compare the best prices online but purchase the actual policy in an agency.

Keep in mind that obtaining a wide range of quotes will increase your chances of finding more affordable insurance. Some insurance companies are not set up to provide rate quotes online, so it’s important to also get price quotes from the smaller companies as well.

The companies in the list below are ready to provide free rate quotes in Michigan. If multiple companies are listed, we recommend you get rates from several of them in order to find the cheapest rates.

These discounts can lower your auto insurance rates

Insuring your fleet can be pricey, but there’s a good chance there are discounts that can drop the cost substantially. Many discounts should be triggered when you get a quote, but occasionally some discounts must be requested specifically before they will apply.Cheaper auto insurance with discounts

As a sidenote, some credits don’t apply to the entire policy premium. Most only apply to the cost of specific coverages such as comprehensive or collision. Even though the math looks like all the discounts add up to a free policy, company stockholders wouldn’t be very happy.

The example below shows the difference between Ford Flex auto insurance rates with and without discounts applied to the premium. Data assumes a male driver, no claims or violations, Michigan state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-policy, safe-driver, multi-car, and claim-free discounts applied.

A few popular companies and a summarized list of policyholder discounts are shown below.

Before you buy a policy, ask each company or agent what discounts are available to you. A few discounts may not apply to policies in Detroit.

Rate information and statistics

The rate table below highlights a range of coverage costs for Ford Flex models. Having a better idea how car insurance premiums are formulated can be valuable when making informed decisions when comparing rate quotes.

Ford Flex Insurance Rates in Detroit, MI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Flex SE 2WD $602 $900 $690 $40 $206 $2,438 $203
Flex SEL 2WD $602 $1060 $690 $40 $206 $2,598 $217
Flex SEL AWD $670 $1060 $690 $40 $206 $2,666 $222
Flex Limited 2WD $670 $1060 $690 $40 $206 $2,666 $222
Flex Limited AWD $670 $1060 $690 $40 $206 $2,666 $222
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Michigan minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Price estimates do not factor in specific Detroit garaging location which can decrease or increase price quotes substantially.

An analysis of deductible level

When buying car insurance, a common question is which deductibles should you choose. The following insurance rates may aid in understanding the rate differences between high and low policy deductibles. The first rate table uses a $250 deductible for comprehensive and collision coverage and the second price chart uses a $500 deductible.

Ford Flex insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Flex SE 2WD $602 $900 $690 $40 $206 $2,463 $205
Flex SEL 2WD $602 $1060 $690 $40 $206 $2,623 $219
Flex SEL AWD $670 $1060 $690 $40 $206 $2,691 $224
Flex Limited 2WD $670 $1060 $690 $40 $206 $2,691 $224
Flex Limited AWD $670 $1060 $690 $40 $206 $2,691 $224
Get Your Own Custom Quote Go

Ford Flex insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Flex SE 2WD $490 $726 $690 $40 $206 $2,152 $179
Flex SEL 2WD $490 $854 $690 $40 $206 $2,280 $190
Flex SEL AWD $546 $854 $690 $40 $206 $2,336 $195
Flex Limited 2WD $546 $854 $690 $40 $206 $2,336 $195
Flex Limited AWD $546 $854 $690 $40 $206 $2,336 $195
Get Your Own Custom Quote Go

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Premium costs do not factor in vehicle location which can change auto insurance rates considerably.

We can estimate from the data above that using a $250 deductible costs an average of $28 more each month or $336 each year across all Ford Flex models than choosing the higher $500 deductible. Because you would pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you go at least 9 months between claims, you would probably save some money by going with a higher deductible. The numbers below show a better example of how this determination is made.

Average monthly premium for $250 deductibles: $219
Average monthly premium for $500 deductibles (subtract): – $191
Monthly savings from raising deductible: $28
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $28
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 9 months

Cost of full coverage in Detroit

The diagram below compares Ford Flex auto insurance rates with full coverage compared to only the Michigan minimum liability coverage. The premium estimates are based on a clean driving record, no at-fault accidents, $100 deductibles, single status, and no discounts are taken into consideration.

When to buy liability coverage only

There isn’t a steadfast formula that works best for making the decision to drop comp and collision coverage, but there is a general school of thought. If the yearly cost of full coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let’s pretend your Ford Flex replacement cost is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $8,000 after paying your policy deductible. If it’s costing in excess of $800 annually to have full coverage, then it might be time to consider dropping full coverage.

There are some cases where only buying liability is not in your best interest. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not buy liability only.

What Affects Ford Flex Insurance Premiums?

Smart consumers have a good feel for a few of the rating criteria that come into play when calculating car insurance rates. When you know what positively or negatively impacts premium levels, this enables you to make decisions that can earn you much lower annual insurance costs. Many things are considered when you get a price on insurance. Some are obvious like an MVR report, although others are not as apparent such as your marital status and annual miles driven.

Cautious drivers pay better rates – Your driving citation history has a big impact on rates. Having just one chargeable violation could increase your next policy renewal twenty percent or more. Drivers with clean records receive lower rates compared to drivers with tickets. Drivers who get careless citations like hit and run, DWI or reckless driving convictions may find they need to maintain a SR-22 with their state in order to prevent a license revocation.

The illustration below shows how speeding tickets and accidents influence Ford Flex insurance rates for each age group. Data assumes a single male driver, comp and collision included, $250 deductibles, and no additional discounts are factored in.

Rates can drop if you have more than one policy – Some companies give a discount for people that purchase more than one policy. It’s known as a multi-policy discount. Even with this discount applied, it’s in your best interest to compare Ford Flex rates in Detroit to verify if the discount is saving money.

Performance impacts prices – The type of car you own makes a significant difference in your car insurance bill. Small economy passenger cars usually are quite affordable to insure, but your final cost has many other factors.

The following chart uses these variables: married male driver age 40, full coverage with $100 deductibles, and no discounts or violations. It compares Ford Flex insurance rates compared to other makes and models that have different performance risks.

Avoid coverage lapses – Not having insurance is against the law and you may have a hard time finding new coverage because you let your coverage have a gap. In addition to paying higher premiums, failure to provide proof of insurance will get you a fine, jail time, or a revoked license. You may then have to prove you have insurance by filing a SR-22 with the Michigan DMV.

Drive a safer car and pay less – Cars with five star safety ratings get lower rates. Vehicles built for safety reduce the chance of injuries and lower injury rates means your insurance company pays less and cheaper rates on your policy.

Filing policy claims can increase rates – If you are a frequent claim filer, you can expect higher premiums or even policy non-renewal. Car insurance companies in Michigan generally give better rates to policyholders that do not abuse their auto insurance. Your car insurance is designed for claims that you cannot pay yourself.

Liability coverage is cheap – The liability section of your policy provides coverage if you are found to be at fault for damages caused by your negligence. This coverage provides legal defense which can cost thousands of dollars. This coverage is relatively inexpensive compared to physical damage coverage, so buy as much as you can afford.

Rate your vehicle for proper use – The higher the mileage driven each year the more it will cost to insure it. The majority of insurers charge to insure your cars based upon how the vehicle is primarily used. Vehicles that are left in the garage get more affordable rates than vehicles that have high annual mileage. It’s always a good idea to double check that your car insurance declarations sheet is rated on the correct driver usage. A policy that improperly rates your Flex may be wasting your money.

Insurance loss statistics a Ford Flex – Insurers use claims history to help determine prices. Vehicles that are shown to have higher number or severity of losses will cost more for specific coverages.

The information below illustrates the compiled insurance loss statistics for Ford Flex vehicles. For each policy coverage type, the statistical loss for all vehicles, as an average, is equal to 100. Values that are 100 or less are indicative of better than average losses, while values that are above 100 point to more claims or a tendency for claims to be larger.

Insurance Loss Ratings for Ford Flex Vehicles
Specific Ford 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

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