What Insurance is Cheapest for a Ford Escape in Charlotte?

Buying cheaper insurance for a Ford Escape in North Carolina depends on many rating criteria such as age of the driver, your credit history, and any prior driving offenses. Drivers in North Carolina pay around $737 annually for Escape insurance, but that price is a projection calculated based on a 30-year-old single male driver with both comprehensive and collision coverage and $250 deductibles.

Most likely you aren’t exactly 30 years old or even a male, you might be married instead of single, or maybe your Escape doesn’t need full coverage. Have just a small change in rating variables or coverage information can result in a large change in the price of coverage.

Auto insurance requires individual risk assessment, so the only real way to find affordable rates for your Ford is to just compare rates yourself.

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The specific trim level tends to have a direct impact on the cost of coverage, so the rate you pay to insure a Escape XLS 2WD model will cost $86 less than the insurance cost for the more well-appointed Escape Limited 4WD model, as shown in the chart below.

Ford Escape Insurance Rates in Charlotte, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $192 $266 $278 $16 $84 $836 $70
Escape XLS 4WD $192 $266 $278 $16 $84 $836 $70
Escape XLT 2WD $192 $266 $278 $16 $84 $836 $70
Escape Limited 2WD $220 $266 $278 $16 $84 $864 $72
Escape XLT 4WD $220 $266 $278 $16 $84 $864 $72
Escape Limited 4WD $220 $324 $278 $16 $84 $922 $77
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Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Premium amounts do not factor in vehicle location which can revise auto insurance rates significantly.

Ending up with the best company can be rather challenging considering how many companies sell coverage in North Carolina. The company ratings shown below may help you choose which companies to look at shopping prices with.

The ratings below are only made up of the largest companies in the United States, so companies that only write business in North Carolina or surrounding areas are not included in this list. To check prices from these and other companies in North Carolina, simply click here.

Top 10 Large Car Insurance Companies in Charlotte Ranked by A.M. Best Rating

  1. Travelers – A++
  2. USAA – A++
  3. GEICO – A++
  4. State Farm – A++
  5. Titan Insurance – A+
  6. Esurance – A+
  7. Progressive – A+
  8. Nationwide – A+
  9. The Hartford – A+
  10. Allstate – A+

Top 10 Large Car Insurance Companies in Charlotte Ranked by Customer Service

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

Rate increases following a ticket or accident

The easiest method to find good insurance premiums in Charlotte for an Escape is to be a good driver and avoid getting tickets or having accidents. The example below shows how speeding tickets and at-fault collisions can drive up auto insurance rates for each different age category. The data assumes a single male driver, full physical damage coverage, $250 deductibles, and no discounts are taken into consideration.

In the prior example, the average cost of a car insurance policy in Charlotte per year with no accidents and a clean driving record is $1,346. Factor in one speeding ticket and the average cost jumps to $1,514, an increase of $169 each year. Then add in two accidents along with the one speeding ticket and the 12-month cost of insurance for a Ford Escape increases to an average of $2,951. That’s an increase of $1,605, or $134 per month, just for not driving responsibly!

Why are you paying too much to insure your Escape?

Charlotte, NC insurance rates are impacted by many things which can substantially decrease or increase the cost of your policy. Improving your credit rating, marrying your spouse, or getting a reckless driving citation may cause policy rate changes that can make some companies cheaper than before. In addition to those changes, car insurance companies modify pricing every year in order to be able to pay unexpected claims. A period of higher than normal claims can cause higher prices, while lower claims may produce more affordable Escape insurance rates.

For example, the graph below analyzes the cheapest car insurance in Charlotte, NC for a 35-year-old male driver with no prior claims, no tickets, and a good credit rating. Based on his personal risk profile, Progressive has the cheapest car insurance rates in Charlotte at $795 per year. This is $77 less than the average price paid by North Carolina drivers of $872. Utica National, Liberty Mutual, NC Farm Bureau, and GEICO are the rest of the cheapest Charlotte, NC auto insurance companies.

The next chart shows rates after we give the driver in the first chart a chargeable claim, slightly worse credit, and a traffic ticket or two. Due to the fact that every auto insurer uses a different method for filing rates in each state, getting updated rate quotes may now show a substantially altered list of companies as shown below.

Penn National now has the best insurance rate in Charlotte with State Farm, Auto-Owners, National General, and Allied also being competitive. This example illustrates why consumers need to shop around to find the cheapest car insurance rates for a Ford Escape. Insurance rates are influenced by many things and can decrease or increase without notice, so the cheapest rate when you bought your policy may now be an over-priced policy.