Ford Fiesta insurance cost image courtesy of QuoteInspector.com
To save the most money, the best way to quote cheaper auto insurance rates in Baltimore is to compare prices regularly from companies that sell auto insurance in Maryland. You can compare prices by completing these steps.
- Spend some time learning about coverages and the changes you can make to drop your rates. Many policy risk factors that result in higher prices such as multiple speeding tickets and a less-than-favorable credit score can be amended by improving your driving habits or financial responsibility.
- Request price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only provide price estimates from one company like Progressive or Farmers Insurance, while agents who are independent can provide rate quotes for many different companies.
- Compare the price quotes to the price on your current policy to see if switching to a new carrier will save money. If you find a better price and change companies, make sure there is no lapse between the expiration of your current policy and the new one.
The most important part of shopping around is to make sure you're comparing the same amount of coverage on each price quote and and to look at as many companies as you can. This enables the most accurate price comparison and and a good selection of different prices.
Astonishing but true, over 70% of Maryland drivers renewed their policy with the same company for four years or more, and almost half have never even compared quotes to find cheaper rates. With the average premium in the United States being $1,847, drivers could save roughly $860 a year by just shopping around, but most tend to underestimate the actual amount they would save if they switch to a new company.
The easiest way to compare rates for Ford Fiesta insurance in Baltimore is to understand most of the larger companies provide online access to compare their rates. The only thing you need to do is give them some information such as if it has an anti-theft system, if you lease or own, how much school you completed, and if your license is active. Your details is sent automatically to all major companies and you will receive price estimates instantly to find the best rate.
To compare rates for your Ford Fiesta now, click here and enter your coverage details.
The following companies offer price comparisons in Maryland. If your goal is to find cheap car insurance in Maryland, we suggest you click on several of them in order to get a fair rate comparison.
Why insurance is not optional
Despite the fact that insurance is not cheap in Baltimore, insuring your vehicle is required for several reasons.
- The majority of states have minimum mandated liability insurance limits which means you are required to buy specific limits of liability insurance if you don't want to risk a ticket. In Maryland these limits are 30/60/15 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If your Fiesta has a lienholder, more than likely the lender will make it a condition of the loan that you carry insurance to guarantee their interest in the vehicle. If you do not keep the policy in force, the bank or lender will purchase a policy for your Ford for a lot more money and force you to reimburse them for it.
- Insurance safeguards both your vehicle and your assets. It will also cover hospital and medical expenses for both you and anyone you injure as the result of an accident. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will pay to repair the damage.
The benefits of carrying enough insurance definitely exceed the cost, particularly for liability claims. But the average driver in Maryland overpays as much as $750 every year so it's recommended you shop around at every policy renewal to save money.
Five Things That Determine Your Insurance Premiums
One of the most helpful ways to save on insurance is to to have a grasp of a few of the rating criteria that aid in calculating your policy premiums. If you know what determines premiums, this empowers consumers to make smart changes that can help you get better insurance rates. Lots of things are taken into consideration when you get your auto insurance bill. Some are pretty understandable such as your driving record, but other criteria are more transparent like where you live or your commute time.
The items below are some of the things insurance companies consider when setting prices.
Miles impacts premiums - The more you drive each year the more you'll pay to insure it. Almost all companies price each vehicle's coverage based on how the vehicle is used. Vehicles left parked in the garage receive better premium rates than those used for commuting. Having the wrong rating on your Fiesta is throwing money out the window. Verify your vehicle rating is rated on the proper vehicle usage, because improper ratings can cost you money.
Tickets and citations cost more than a fine - Even a single chargeable violation can increase the cost of insurance to the point where it's not affordable. Attentive drivers receive lower rates than their less careful counterparts. Drivers who have dangerous violations such as hit and run, DWI or reckless driving convictions may need to submit a SR-22 form with their state DMV in order to continue driving.
GPS tracking and theft deterrents systems cut insurance rates - Choosing to buy a car with advanced anti-theft systems can save you some money. Anti-theft devices such as GM's OnStar, tamper alarm systems and vehicle immobilizers all hinder car theft and help bring rates down.
Rates can drop if you have more than one policy - Most insurance companies allow discounts for people that buy multiple policies such as combining an auto and homeowners policy. The discount can add up to 10 percent or more. Even if you're getting this discount it's in your best interest to shop around to verify if the discount is saving money.There is a good possibility that you can save even more by buying from different companies
Higher comp and collision deductibles are cheaper - Insurance for physical damage, aka comp and collision, covers damage that occurs to your Ford. A few examples of covered claims are running into the backend of another car, hitting a deer, and damage caused by flying debris. Comprehensive and collision coverage deductibles are the amount of money the insured will be required to pay before your insurance pays a claim. The more expense the insured has to pay upfront, the bigger discount you will receive.
Insurance loss probability for a Ford Fiesta - Insurers analyze the history of losses in order to profitably underwrite each model. Models that the data determines to have a trend towards higher claim severity or frequency will have a higher cost to insure.
The table below shows the loss history for Ford Fiesta vehicles. For each insurance policy coverage type, the statistical loss for all vehicles, without regard to make or model, equals 100. Values that are below 100 suggest losses that are better than average, while numbers above 100 point to more losses or tendency to have higher losses.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Ford Fiesta | 96 | 91 | 73 | 115 | 123 | 113 |
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Cheap car insurance rates are out there
As you shop your coverage around, it's not a good idea to reduce coverage to reduce premium. There have been many situations where an accident victim reduced uninsured motorist or liability limits to discover at claim time they didn't purchase enough coverage. The ultimate goal is to buy a smart amount of coverage at a price you can afford and still be able to protect your assets.
Some companies may not offer online quoting and most of the time these smaller companies only sell coverage through independent agencies. Cost effective Ford Fiesta insurance is available online in addition to many Baltimore insurance agents, so compare prices from both in order to have the best chance of saving money.
We covered many tips how you can lower your Ford Fiesta insurance prices in Baltimore. The most important thing to understand is the more times you quote, the better your chances of lowering your rates. Consumers may even find the lowest prices come from some of the lesser-known companies.
Additional information is available at these links:
- Cellphones, Texting and Driving (iihs.org)
- Who Has Cheap Car Insurance Rates for Nurses in Baltimore? (FAQ)
- Who Has Cheap Baltimore Auto Insurance Quotes for Inexperienced Drivers? (FAQ)
- What Auto Insurance is Cheapest for a Subaru Outback in Baltimore? (FAQ)
- Top Signs Your Brakes are Giving Out (State Farm)
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
- Distracted Driving Extends Beyond Texting (State Farm)
- Electronic Stability Control FAQ (iihs.org)