Ford Flex Insurance Rates in Cincinnati

Anyone knows that car insurance companies don’t want customers comparing rates. People who compare rates at least once a year will presumably buy a new policy because there are good odds of finding a lower-priced policy. A recent survey revealed that people who shopped around saved as much as $850 each year compared to other drivers who never shopped around.

If finding the cheapest price on car insurance in Cincinnati is your target objective, then learning about how to find companies and compare insurance can help simplify the process.

Discount Ford Flex insuranceThe best way to find the cheapest price for Ford Flex insurance is to regularly compare price quotes from different companies that sell auto insurance in Cincinnati. Prices can be compared by following these steps.

Step 1: Read and learn about car insurance and the things you can control to lower rates. Many things that result in higher prices like traffic violations, accidents, and an unacceptable credit history can be improved by making small lifestyle or driving habit changes. This article provides information to help keep prices low and get additional discounts that may be available.

Step 2: Compare rates from direct, independent, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like Progressive or Farmers Insurance, while independent agencies can provide price quotes for a wide range of companies.

Step 3: Compare the new rate quotes to your current policy to see if a cheaper price is available in Cincinnati. If you can save some money and make a switch, ensure coverage does not lapse between policies.

Step 4: Provide notification to your current company to cancel your current policy. Submit a down payment along with a completed application for your new coverage. As soon as you have the new policy, store the certificate of insurance in an accessible location in your vehicle.

The most important part of shopping around is to make sure you enter identical coverage information on every price quote and and to get price estimates from as many carriers as you can. Doing this helps ensure a fair price comparison and maximum price selection.

Most major insurance companies like Allstate and Progressive give insurance quotes online. Obtaining pricing for Ford Flex insurance in Cincinnati can be done by anyone as you just type in your required coverages into the quote form. When complete, the system automatically retrieves your credit score and driving record and provides a quote determined by many factors.

Getting online rates for Ford Flex insurance in Cincinnati makes it easy to compare insurance prices and it is imperative to get many rate quotes in order to find the cheapest auto insurance rates.

To compare pricing, consider comparing rates from the companies shown below. If you currently have coverage, we recommend that you enter the coverage information identical to your current policy. This way, you will get a price comparison for similar insurance coverage.

The companies shown below provide price quotes in Cincinnati, OH. If multiple companies are listed, it’s highly recommended you visit as many as you can to get a more complete price comparison.

Rates and detailed analysis

The rate information displayed next highlights a range of coverage prices for Ford Flex models. Learning a little about how auto insurance premiums are figured can help you make smart policy decisions.

Ford Flex Insurance Rates in Cincinnati, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Flex SE 2WD $138 $234 $256 $16 $76 $720 $60
Flex SEL 2WD $138 $276 $256 $16 $76 $762 $64
Flex SEL AWD $154 $276 $256 $16 $76 $778 $65
Flex Limited 2WD $154 $276 $256 $16 $76 $778 $65
Flex Limited AWD $154 $276 $256 $16 $76 $778 $65
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Information does not factor in garaging location in Cincinnati which can influence price quotes substantially.

Physical damage deductible comparison

When buying auto insurance, a common question is the level to set your comp and collision deductibles. The following insurance rates determine the rate fluctuation when you select higher and lower coverage deductibles. The first data set uses a $250 deductible for comp and collision and the second price table uses a $500 deductible.

Ford Flex insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Flex SE 2WD $198 $296 $226 $14 $68 $827 $69
Flex SEL 2WD $198 $348 $226 $14 $68 $879 $73
Flex SEL AWD $220 $348 $226 $14 $68 $901 $75
Flex Limited 2WD $220 $348 $226 $14 $68 $901 $75
Flex Limited AWD $220 $348 $226 $14 $68 $901 $75
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Ford Flex insurance policy 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
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Premium costs do not factor in specific location information which can affect premiums considerably.

Using the premium rates above, we can conclude that using a $250 deductible will cost you roughly $10 more each month or $120 annually than buying the higher $500 deductible. Since the policyholder would be required to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you normally go more than 25 months between claim filings, you would probably save some money if you opt for a higher deductible.

How to determine if a higher deductible is a good idea

Average monthly premium for $250 deductibles: $73
Average monthly premium for $500 deductibles (subtract): – $63
Monthly savings from raising deductible: $10
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $10
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 25 months

The diagram below demonstrates how choosing different deductibles and can affect Ford Flex annual premium costs for each different age group. The premiums assume a married male driver, comp and collision included, and no discounts are factored in.

Best reasons to buy auto insurance in Ohio

Despite the high cost of buying insurance for a Ford Flex in Cincinnati, buying auto insurance is a good idea for several reasons.

First, the majority of states have compulsory liability insurance requirements which means you are required to buy specific minimum amounts of liability insurance if you want to drive legally. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if your Flex has a loan, most banks will require you to have physical damage coverage to protect their interest in the vehicle. If you default on your policy, the lender will be forced to insure your Ford at a much higher rate and force you to pay a much higher amount than you were paying before.

Third, auto insurance preserves both your car and your personal assets. Insurance will also pay for many types of medical costs that are the result of an accident. Liability coverage, the one required by state law, will also pay attorney fees if anyone sues you for causing an accident. If damage is caused by hail or an accident, your auto insurance policy will cover the repair costs.

The benefits of carrying enough insurance are definitely more than the cost, particularly for liability claims. An average driver in America overpays more than $865 each year so you should quote and compare rates every year to ensure rates are competitive.

Buy Cheap Auto Insurance with These Tips

Many different elements are part of the equation when premium rates are determined. Some of the criteria are obvious such as traffic violations, although others are less obvious such as your marital status or how financially stable you are. It’s important that you understand the factors that come into play when calculating the level of your policy premiums. If you know what controls the rates you pay, this helps enable you to make changes that may result in cheaper rates.

The itemized list below are a few of the things utilized by car insurance companies to help set your rate level.

Pay more by driving carelessly – Having a clean driving record influences premium rates substantially. Just one speeding ticket or other violation can bump up the cost by as much as thirty percent. Drivers with clean records get better prices than people who have multiple driving citations. Drivers with careless tickets like DUI, reckless driving or excessive speeding may be required to prove financial responsibility with their state motor vehicle department in order to drive a vehicle legally.

The example below demonstrates how speeding tickets and at-fault accidents can affect Ford Flex insurance costs for each age group. The premiums are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied to the premium.

Liability is critical – The liability section of your policy is the protection if ever you are found to be at fault for damages from an accident. Your liability coverage provides legal defense coverage up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so drivers should carry high limits.

Safer vehicles save money – Vehicles that have high safety ratings get lower rates. Safe vehicles reduce the chance of injuries and any reduction in injury severity means lower claim amounts which can mean better rates for you.

Save money with responsible credit – Your credit score can be a huge factor in determining premium rates. Drivers who have excellent credit scores tend to be less risk to insure than drivers who have poor credit. Therefore, if your credit is not that good, you could potentially save money when insuring your Ford Flex by spending a little time repairing your credit.

Your gender affects rates – Statistics demonstrate women are more cautious behind the wheel. That doesn’t necessarily mean that females are better at driving than males. They both cause auto accidents at a similar rate, but the men cause more damage. Not only that, but men also receive more major tickets like DWI (DUI) or reckless driving.

The example below illustrates the comparison of Ford Flex yearly insurance costs for male and female drivers. The rate quotes are based on no claims or violations, comprehensive and collision coverage, $250 deductibles, drivers are not married, and no discounts are factored in.

Multiple policies with one company – Lots of auto insurance companies provide a discount to customers who have multiple policies with them. It’s known as a multi-policy discount. Even if you qualify for this discount already, it’s in your best interest to comparison shop to ensure the best deal.

Never let your auto insurance policy lapse – Having a gap between insurance policy dates will be a fast way to drive up your policy premiums. And not only will your rates increase, the inability to provide proof of insurance will get you a steep fine or even jail time. You may have to prove you have insurance by filing a SR-22 with the Ohio motor vehicle department.

Deductibles are a factor – Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your Ford. Examples of some claims that would be covered could be a dented fender, damage from fire, and burglary. Deductibles for physical damage state the amount of money you are required to spend out-of-pocket before your auto insurance pays a claim. The more of the claim you are required to pay out-of-pocket, the less money you will pay for auto insurance.

Ford Flex insurance claim data – Auto insurance companies analyze past claim statistics when determining insurance prices. Vehicles that the statistics show to have a trend towards higher claims will have higher rates. The table shown below demonstrates the compiled insurance loss statistics for Ford Flex vehicles.

For each coverage category, the loss probability for all vehicles combined as an average equals 100. Percentage values below 100 suggest a better than average loss history, while percentages above 100 indicate more frequent losses or statistically larger losses.

Ford Flex Insurance Claim Statistics
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

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

Cincinnati auto insurance companies ranked

Ending up with a high-quality car insurance company is difficult considering how many companies there are to choose from in Ohio. The ranking information displayed below could help you pick which auto insurers you want to consider comparing prices from.

Cincinnati, Ohio Auto Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
Titan Insurance 89 91 83 86% A+ 89.3
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
Erie Insurance 92 90 82 88% A+ 88.5
The Hartford 87 89 84 87% A+ 88
Esurance 84 88 85 83% A+ 86
Farmers Insurance 79 88 84 87% A 84.7
The General 88 80 85 80% A- 84.5
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Data Source: Best Car Insurance Companies

Smart shoppers get results

Cheap Ford Flex insurance in Cincinnati is possible from both online companies and with local Cincinnati insurance agents, so you should be comparing quotes from both so you have a total pricing picture. There are still a few companies who do not offer rate quotes online and usually these regional carriers only sell coverage through local independent agencies.

We just covered a lot of information how to get a better price on Ford Flex insurance in Cincinnati. The most important thing to understand is the more rate comparisons you have, the better likelihood of getting inexpensive Cincinnati car insurance quotes. You may even find the biggest savings come from a company that doesn’t do a lot of advertising.

As you shop your coverage around, don’t be tempted to sacrifice coverage to reduce premiums. In too many instances, drivers have reduced uninsured motorist or liability limits and found out when filing a claim that they should have had better coverage. Your goal is to find the BEST coverage at a price you can afford, but do not sacrifice coverage to save money.

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