Compare Ford Transit Connect Insurance Quotes in Aurora

A recent study showed that nearly 70% of drivers have purchased from the same company for at least the last four years, and almost half have never taken the time to shop around. Colorado insurance shoppers could save an average of nearly 35% each year, but they don’t understand how simple it is to go online and compare rates.

Insurance for Ford Transit ConnectTruthfully, the best way to get affordable Ford Transit Connect insurance is to do an annual price comparison from providers who sell auto insurance in Aurora. Price quotes can be compared by following these guidelines.

The most important part of this process is to make sure you’re comparing similar limits and deductibles on each quote request and to quote with as many car insurance companies as possible. This guarantees the most accurate price comparison and the most accurate and complete price analysis.

Ford Transit Connect insurance coverage information

The coverage table below covers a range of insurance prices for Ford Transit Connect models. Having knowledge of how rate quotes are determined can assist in making smart choices when purchasing an insurance policy.

Ford Transit Connect Insurance Rates in Aurora, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Transit Connect XL 2WD $146 $288 $352 $20 $106 $912 $76
Transit Connect XLT 2WD $146 $288 $352 $20 $106 $912 $76
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Premium costs do not factor in garaging location in Aurora which can influence premium rates substantially.

Choosing deductibles

When buying auto insurance, a common question is where should you set your physical damage deductibles. The following tables illustrate the price difference of buying low and high insurance deductibles. The first rate comparisons uses a $100 deductible for physical damage and the second rate table uses a $500 deductible.

Ford Transit Connect insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Transit Connect XL 2WD $264 $546 $352 $20 $106 $1,313 $109
Transit Connect XLT 2WD $264 $546 $352 $20 $106 $1,313 $109
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Ford Transit Connect insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Transit Connect XL 2WD $192 $368 $352 $20 $106 $1,038 $87
Transit Connect XLT 2WD $192 $368 $352 $20 $106 $1,038 $87
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Rates do not factor in your specific Aurora location which can lower or raise prices noticeably.

Based on the data above, we can derive that using a $100 deductible costs about $22 more each month or $264 a year averaged for all Transit Connect models than quoting the higher $500 deductible. Because you would be required to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you normally go more than 18 months between claim filings, you would most likely save money if you opt for a higher deductible.

How to calculate when to raise deductibles

Average monthly premium for $100 deductibles: $109
Average monthly premium for $500 deductibles (subtract): – $87
Monthly savings from raising deductible: $22
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $22
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

An important thing to remember is that higher deductibles means you will have to pay more when you have to file a claim. You need to make sure you have enough money stashed away in the event you need to pay the higher deductible in order to repair your vehicle.

Rate comparison of full coverage and liability-only

The chart below shows the difference between Ford Transit Connect auto insurance rates with full coverage compared to only the Colorado minimum liability coverage. The premium estimates are based on no claims or driving violations, $100 deductibles, drivers are single, and no discounts are factored in.

When to drop comprehensive and collision coverage

There is no exact formula to drop full coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.

For example, let’s say your Ford Transit Connect settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, you would only receive $8,000 after the deductible is paid. If you are currently paying more than $800 a year for your policy with full coverage, then you may want to consider only buying liability coverage.

There are a few situations where removing full coverage is not a good plan. If you still have a lienholder on your title, you have to maintain full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should keep full coverage in place.

Good Decisions Result in Lower Insurance Prices

Multiple criteria are part of the equation when pricing auto insurance. Some of the criteria are obvious like a motor vehicle report, but others are less apparent like your continuous coverage or your financial responsibility.

The list below includes some of the things that factor into rates.

Car insurance rates and age – Youthful drivers in Colorado have been known to be careless and easily distracted when driving so they pay higher car insurance rates. Mature drivers are more responsible, statistically cause fewer accidents, and receive fewer citations.

The next chart uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.

Stay claim-free and reduce prices – If you are the type of insured that files lots of claims you shouldn’t be surprised to get either a policy non-renewal or much higher rates. Auto insurance companies in Colorado provide lower rates to people who are not frequent claim filers. Your car insurance is intended for claims that pose a financial burden.

Liability insurance – A critical coverage on your policy, liability insurance provides coverage if ever a jury decides you are liable for damages caused by your negligence. Liability insurance provides legal defense coverage which can cost thousands of dollars. Liability insurance is quite affordable compared to insuring for physical damage coverage, so insureds should have plenty of protection for their assets.

Are you male or female? – The statistics show women are more cautious behind the wheel. This data doesn’t prove that females are better at driving than males. Both sexes get in fender benders at about the same rate, but the males cause more damage. They also get ticketed for serious violations such as DWI and reckless driving.

The chart below shows the comparison of Ford Transit Connect premium costs for male and female drivers. The information is based on a clean driving record, no at-fault accidents, full physical damage coverage, $1,000 deductibles, marital status is single, and no policy discounts are applied.

Continuous car insurance coverage lowers prices – Allowing your coverage to lapse is a sure-fire way to increase your rates. And not only will insurance be more expensive, not being able to provide proof of insurance could earn you fines and jail time.

Having a spouse brings a discount – Being married helps lower the price when buying car insurance. Having a significant other usually means you are less irresponsible and it’s statistically proven that married drivers get in fewer accidents.

Aurora car insurance companies ranked

Picking a good quality auto insurance provider can be difficult considering how many different companies sell coverage in Colorado. The information shown below could help you pick which car insurance providers to look at purchasing a policy from.

Top 10 Aurora Car Insurance Companies Ranked by Value

  1. USAA
  2. American Family
  3. The Hartford
  4. Titan Insurance
  5. The General
  6. AAA Insurance
  7. State Farm
  8. Nationwide
  9. Safeco
  10. Esurance

Top 10 Aurora Car Insurance Companies Overall

  1. USAA
  2. American Family
  3. State Farm
  4. The Hartford
  5. AAA Insurance
  6. GEICO
  7. The General
  8. Titan Insurance
  9. Progressive
  10. Allstate

Don’t give up on affordable premiums

When getting Aurora auto insurance quotes online, make sure you don’t buy lower coverage limits just to save a few bucks. There are a lot of situations where an insured dropped collision coverage only to regret they didn’t have enough coverage. Your aim should be to buy enough coverage at an affordable rate while not skimping on critical coverages.

You just learned quite a bit of information on how to find cheap Ford Transit Connect insurance in Aurora. The key thing to remember is the more rate quotes you have, the more likely it is that you will get a better rate. Consumers may even find the most savings is with a lesser-known regional company.

Drivers switch companies for a variety of reasons including high rates after DUI convictions, policy non-renewal, being labeled a high risk driver or questionable increases in premium. It doesn’t matter what your reason, choosing a new company is pretty easy and you might even save some money in the process.

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