Smart shoppers know that car insurance companies don’t want you to look for cheaper rates. People who get price quotes annually will most likely buy a different policy because there is a great chance of finding a more affordable policy premium. A survey found that drivers who faithfully checked for cheaper rates saved about $3,400 over four years compared to policyholders who never compared other company’s rates.
If finding the lowest price on Ford Taurus insurance in Louisville is the reason you’re here, then having some knowledge of how to quote and compare car insurance can save money and time.
The most effective way to get more affordable Ford Taurus insurance is to regularly compare price quotes from companies who provide auto insurance in Louisville. Drivers can shop around by completing these steps.
- Spend a few minutes and learn about how car insurance works and the measures you can control to lower rates. Many rating criteria that result in higher rates such as distracted driving and a bad credit rating can be amended by paying attention to minor details. This article gives the details to get lower rates and get additional discounts that may be available.
- Request price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from one company like Progressive and State Farm, while agents who are independent can give you price quotes from multiple companies.
- Compare the quotes to your existing rates to see if switching to a new carrier will save money. If you find a lower rate and decide to switch, ensure there is no coverage lapse between policies.
An important bit of advice to remember is that you’ll want to make sure you compare the same liability limits and deductibles on each price quote and and to get prices from as many different insurance providers as possible. This ensures a level playing field and a better comparison of the market.
Most companies give insurance quotes on the web. Obtaining pricing for Ford Taurus insurance in Louisville can be done by anyone as you just type in your coverage preferences as requested by the quote form. When the form is submitted, their quoting system automatically orders credit information and your driving record and returns a price quote.
Getting online rates for Ford Taurus insurance in Louisville makes it simple to compare prices and it’s also necessary to perform this step in order to get cheap auto insurance pricing.
To save time and fill out one form to compare multiple rates now, compare rate quotes from the providers shown below. If you have coverage now, it’s recommended you duplicate coverages and limits exactly as shown on your declarations page. This makes sure you’re receiving rate comparison quotes using the exact same coverages.
The providers in the list below provide free rate quotes in Louisville, KY. If you want to find cheap auto insurance in Kentucky, we suggest you click on several of them to get the most affordable price.
Insurance coverage details
The data table shown next outlines different policy rates for Ford Taurus models. Being more informed about how insurance policy premiums are calculated can help you make decisions on the best policy to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Taurus SE | $248 | $432 | $314 | $18 | $94 | $1,106 | $92 |
| Taurus SEL | $276 | $508 | $314 | $18 | $94 | $1,210 | $101 |
| Taurus SEL AWD | $276 | $508 | $314 | $18 | $94 | $1,210 | $101 |
| Taurus Limited | $276 | $508 | $314 | $18 | $94 | $1,210 | $101 |
| Taurus Limited AWD | $276 | $586 | $314 | $18 | $94 | $1,288 | $107 |
| Taurus SHO AWD | $304 | $586 | $314 | $18 | $94 | $1,316 | $110 |
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Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Rate quotes do not factor in the specific area where the vehicle is garaged which can raise or lower premium rates noticeably.
Rate comparison for different deductibles
The hardest decision when buying coverage is at what level do you set your deductibles. The data tables below lay out the rate fluctuation between high and low insurance deductibles. The first price estimate table uses a $250 deductible for comprehensive and collision coverage and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Taurus SE | $284 | $426 | $326 | $20 | $98 | $1,179 | $98 |
| Taurus SEL | $318 | $500 | $326 | $20 | $98 | $1,287 | $107 |
| Taurus SEL AWD | $318 | $500 | $326 | $20 | $98 | $1,287 | $107 |
| Taurus Limited | $318 | $500 | $326 | $20 | $98 | $1,287 | $107 |
| Taurus Limited AWD | $318 | $576 | $326 | $20 | $98 | $1,363 | $114 |
| Taurus SHO AWD | $350 | $576 | $326 | $20 | $98 | $1,395 | $116 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Taurus SE | $232 | $342 | $326 | $20 | $98 | $1,018 | $85 |
| Taurus SEL | $258 | $404 | $326 | $20 | $98 | $1,106 | $92 |
| Taurus SEL AWD | $258 | $404 | $326 | $20 | $98 | $1,106 | $92 |
| Taurus Limited | $258 | $404 | $326 | $20 | $98 | $1,106 | $92 |
| Taurus Limited AWD | $258 | $466 | $326 | $20 | $98 | $1,168 | $97 |
| Taurus SHO AWD | $284 | $466 | $326 | $20 | $98 | $1,194 | $100 |
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Rates do not factor in the specific area where the vehicle is garaged which can increase or decrease rates greatly.
Using the premium rates above, we can conclude that using a $250 deductible will cost you approximately $15 more each month or $180 each year across all Ford Taurus models than quoting the higher $500 deductible. Because you would be required to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you normally go at least 17 months between claim filings, you would probably save some money if you elect the higher deductible.
The information below demonstrates how deductible levels and can impact Ford Taurus insurance rates for different ages of insureds. The rate quotes are based on a single male driver, full coverage, and no other discounts are factored in.
Insurance rate increases from tickets or accidents
The information below shows how traffic citations and at-fault collisions can increase Ford Taurus car insurance rates for each age group. The data is based on a married male driver, full coverage, $500 deductibles, and no discounts are taken into consideration.
Impact of age and gender on car insurance rates
The information below shows the difference between Ford Taurus insurance prices for male and female drivers. The price estimates are based on no violations or claims, full coverage, $250 deductibles, single status, and no discounts are applied.
Full coverage versus liability only rates
The diagram below shows the difference between Ford Taurus annual premium costs when comparing full coverage to state minimum liability only. The rates are based on no claims or driving citations, $500 deductibles, drivers are not married, and no other discounts are factored in.
When to switch to liability coverage only
There is no set guideline to drop full coverage, but there is a broad guideline. If the annual cost of having full coverage is more than about 10% of replacement cost minus your deductible, then it may be the right time to buy liability only.
For example, let’s assume your Ford Taurus book value is $7,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $6,000 after paying your deductible. If you are paying over $600 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.
There are some scenarios where only buying liability is not recommended. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not drop full coverage.
Insurance is not optional but you don’t have to overpay
Despite the fact that insurance is not cheap in Louisville, insuring your vehicle serves several important purposes.
- Almost all states have compulsory liability insurance requirements which means it is punishable by state law to not carry specific limits of liability protection if you don’t want to risk a ticket. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your vehicle has a loan, it’s guaranteed your bank will require you to carry insurance to ensure loan repayment if the vehicle is totaled. If the policy lapses, the bank may buy a policy for your Ford for a much higher rate and make you pay a much higher amount than you were paying before.
- Insurance safeguards not only your Ford but also your assets. Insurance will pay for most medical and hospital costs for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance will also pay for a defense attorney if you are sued as the result of an accident. If your Ford gets damaged, comprehensive and collision coverage will pay to have it repaired.
The benefits of insuring your car more than offset the price you pay, particularly for liability claims. The average driver in America is wasting up to $825 a year so smart consumers compare quotes every year to ensure rates are inline.
How Car Insurance Companies Calculate Ford Taurus Insurance Premiums
Multiple criteria are considered when you get a price on insurance. Some of the criteria are obvious such as your driving record, although others are more obscure like your vehicle usage or how financially stable you are. It’s important that you understand some of the factors that go into determining the price you pay for auto insurance. When you understand what influences your rates, this enables informed choices that may result in lower rates.
The list below includes most of the major factors companies use to determine premiums.
Don’t skimp on liability – Liability coverage kicks in in the event that you are ruled to be at fault for physical damage or personal injury to other. Your policy’s liability insurance provides for a legal defense which can cost thousands of dollars. This coverage is relatively inexpensive compared to other policy coverages, so do not cut corners here.
Combine policies to earn discounts – Many auto insurance companies will award better rates for people who carry more than one policy. It’s known as a multi-policy discount. Even if you already get this discount, you still need to get quotes from other companies to guarantee you are still saving the most. Drivers may still save even more by splitting coverages up.
Policy add-ons add up – Insurance policies have a lot of additional extra coverages that may not really be needed on your auto insurance policy. Insurance for things like replacement cost coverage, towing coverage, and extra equipment coverage are some examples. They may seem like a good idea when you first buy your policy, but now you might not need them so eliminate the coverages to reduce your premium.
Mature drivers pay less – More experienced drivers are more responsible, are lower risk to insure, and are safer drivers. Teenage drivers are statistically proven to be careless and easily distracted when behind the wheel and because of this, their auto insurance rates are much higher.
The chart below uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.
Do you have a demanding employer? – Jobs such as real estate brokers, air traffic controllers, and accountants have the highest average rates due to stressful work requirements and lengthy work days. On the other hand, jobs like farmers, students and retirees have lower than average premiums.
Be proud to be claim-free – Companies in Kentucky provide lower rates to policyholders who only file infrequent claims. If you file a lot of claims you can look forward to higher premiums or even policy non-renewal. Auto insurance is designed for larger claims.
Cheaper rates using theft deterrents – Choosing a vehicle with a theft deterrent system can get you a discount on your auto insurance. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help prevent your vehicle from being stolen.
Premiums impacted by vehicle usage – The more you drive annually the more you’ll pay to insure your vehicle. Many insurance companies charge to insure your cars based upon how the vehicle is primarily used. Autos not used for work or commuting can be on a lower rate level than vehicles that have high annual mileage. It’s always a good idea to double check that your vehicle rating correctly shows how each vehicle is driven, because it can save money. Having an incorrect usage rating on your Taurus may be costing you.
Ford Taurus historical loss data – Insurers include the past claim trends for vehicles to determine a price that will be profitable for them. Vehicles that are shown to have a trend towards higher claim severity or frequency will be charged more to insure. The next table shows the insurance loss data for Ford Taurus vehicles.
For each type of coverage, the claim amount for all vehicles combined as an average is equal to 100. Values below 100 indicate better than average losses, while values over 100 show a trend for more claims or larger claims.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Ford Taurus 2WD | 109 | 88 | 134 | 115 | 115 | 101 |
| Ford Taurus 4WD | 120 | 78 | 141 | 124 | ||
| Ford Taurus SHO 4WD | 143 | 96 | 185 | 84 | 103 |
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Lower rates by qualifying for discounts
Some insurers do not list every discount very well, so we took the time to find both well-publicized as well as the least known savings tricks you should be using when you buy Louisville auto insurance online.
- Memberships – Being a member of a qualifying organization could earn you a nice discount on insurance.
- Discount for Swiching Early – Some companies give discounts for renewing your policy before your current Taurus insurance policy expires. It could save around 10% when you buy Louisville auto insurance online.
- Resident Student – College-age children who are enrolled in higher education away from home and do not have access to a covered vehicle may be insured at a cheaper rate.
- Policy Bundle Discount – If you can combine your auto and homeowners policy and place coverage with the same company you may earn nearly 15% which can help you find inexpensive Ford Taurus insurance in Louisville.
- Defensive Driver – Taking a defensive driver course could earn you a small percentage discount if you qualify.
- Discount for Home Ownership – Just owning your own home can help you save on insurance because maintaining a house requires personal responsibility.
- Senior Citizen Discount – Drivers over the age of 55 may be able to get a discount up to 10%.
You can save money using discounts, but some of the credits will not apply to your bottom line cost. Most only reduce the cost of specific coverages such as medical payments or collision. If you do the math and it seems like having all the discounts means you get insurance for free, that’s just not realistic. Any amount of discount will help lower your policy cost.
The chart below illustrates the comparison of Ford Taurus insurance prices with and without discounts applied to the policy premium. The data is based on a male driver, no accidents or driving violations, Kentucky state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, multi-car, claim-free, marriage, and safe-driver discounts applied.
Insurance companies who might offer some of the above discounts are:
When getting free Louisville auto insurance quotes, it’s a good idea to all the companies what discounts are available to you. Depending on the company, some discounts might not apply in your state. For a list of companies who offer free Ford Taurus insurance quotes in Kentucky, click here to view.
Can’t I compare rates from local Louisville auto insurance agents?
Many people would prefer to sit down and talk to an agent and doing that can be a smart decision Good agents are very good at helping people manage risk and will help you if you have claims. The biggest benefit of comparing insurance online is that drivers can save money and get cheap rate quotes and also buy local. Buying from local insurance agents is especially important in Louisville.
To find an agent, once you fill out this simple form, the quote information is sent to participating agents in Louisville who will return price quotes for your insurance coverage. You never need to search for any insurance agencies because quoted prices will be sent directly to your email. If you need to compare rates from a specific company, you would need to search and find their rate quote page and complete a quote there.
If you are wanting to purchase insurance from a local insurance agency, there are two types of insurance agents to choose from. Agents are considered either exclusive agents or independent agents. Either can insure your vehicles, but it’s important to know the subtle differences since it could factor into the type of agent you choose.
Independent Insurance Agents
Agents in the independent channel are not locked into one company so they can quote policies with any number of different companies and potentially find a lower price. If they quote lower rates, your policy is moved internally without you having to go to a different agency. If you are comparing rate quotes, it’s recommended you get insurance quotes from at least one independent agent to get the best comparison. A lot of them also have access to small regional insurance companies that many times have cheaper rates.
Shown below is a list of independent agencies in Louisville who may provide price quote information.
- Braden Insurance Agency Inc.
3069 Breckenridge Ln – Louisville, KY 40220 – (502) 437-3926 – View Map - Epic Insurance Solutions
9700 Ormsby Station Rd #200 – Louisville, KY 40223 – (502) 805-3742 – View Map - Dolack Insurance Agency Inc.
4050 Westport Rd – Louisville, KY 40207 – (502) 333-0577 – View Map
Exclusive Insurance Agencies
Agents of this type generally can only insure with one company such as State Farm, AAA, Farmers Insurance or Allstate. Exclusive agents are unable to provide rate quotes from other companies so if the price isn’t competitive there isn’t much they can do. Exclusive agents receive a lot of sales training in insurance sales which helps them sell insurance even at higher premiums. Consumers sometimes buy insurance from these agents primarily because of the prominent brand name and strong financial ratings.
The following are Louisville exclusive agencies willing to provide price quotes.
- Justin Roper – State Farm Insurance Agent
8800 Dixie Hwy b – Louisville, KY 40258 – (502) 271-3211 – View Map - Bob Dotson – State Farm Insurance Agent
9800 Shelbyville Rd – Louisville, KY 40223 – (502) 339-8086 – View Map - Clay Robinson – State Farm Insurance Agent
8145 New La Grange Rd – Louisville, KY 40222 – (502) 426-1511 – View Map
Selecting an insurance agent should depend on more than just the quoted price. The following questions are important to ask.
- Does the company have a solid financial rating?
- Do they carry Errors and Omissions coverage?
- Which members of your family are coverage by the policy?
- Can you contact them at any time?
- By raising physical damage deductibles, how much would you save?
- Are they paid to recommend certain coverages?
- How many years have they been established?
- Does the company have a local claim office in Louisville?
Get the best coverage at the lowest price
When getting Louisville auto insurance quotes online, don’t be tempted to buy lower coverage limits just to save a few bucks. In many instances, an insured cut collision coverage only to regret that a couple dollars of savings turned into a financial nightmare. Your objective should be to buy enough coverage at the lowest possible cost and still be able to protect your assets.
You just read many tips how you can save on Ford Taurus insurance in Louisville. The key thing to remember is the more times you quote, the more likely it is that you will get a better rate. Drivers may even discover the biggest savings come from some of the smallest insurance companies.
Lower-priced auto insurance in Louisville can be bought on the web and from local insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance companies don’t offer online quoting and usually these smaller companies provide coverage only through independent insurance agents.
Helpful information
- Auto Insurance Basics (Insurance Information Institute)
- How Much is Auto Insurance for Felons in Louisville? (FAQ)
- Who Has Cheap Auto Insurance Quotes for a GMC Sierra in Louisville? (FAQ)
- What Auto Insurance is Cheapest for a Toyota RAV4 in Louisville? (FAQ)
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- Insurance losses by make and model (Insurance Institute for Highway Safety)
- Red Light Cameras (State Farm)