Is Ford Taurus expensive to insure?
The Ford Taurus is not inherently expensive to insure; because it’s an older model with a lower replacement value, many standard full-coverage premiums are typically lower than those for newer or luxury cars. Still, the exact price depends on your age, location, driving history, and the year/trim of the Taurus you own.
The Ford Taurus was discontinued after the 2019 model year. For buyers and current owners of used Tauruses, insurers price premiums based on the car’s value, repair costs, safety features, and the owner’s profile. Because Taurus models vary widely in age and trim, insurance costs can swing from relatively affordable to more moderately priced compared with other mid-size sedans.
What affects Taurus insurance costs
Insurance pricing for a Ford Taurus is shaped by several factors. Here are the most influential ones:
- Vehicle value and repair costs: Older Tauruses have lower replacement costs, which can lower premiums, but some parts may be harder to source for very old models, potentially affecting price.
- Safety features and crash ratings: Models with more airbags, stability control, anti-lock brakes, and higher crash-test ratings can help reduce premiums.
- Theft risk and security: Alarm systems, immobilizers, and tracking devices can lower your rate.
- Driver profile: Age, driving history, annual mileage, and claimed history.
- Location and usage: Urban versus rural settings, commute length, and where the car is garaged.
- Coverage level and deductibles: Full coverage with low deductibles costs more upfront; choosing a higher deductible lowers the premium.
- Credit-based insurance scores (where permitted by law): In many states, credit history can influence rates.
Because these factors vary by person and by Taurus year, premiums can differ widely even for the same model.
Model-year considerations
Not all Taurus years are priced alike. Newer used Tauruses from the 2010s generally carry higher replacement values and may include more standard safety features than early-2000s models, which can influence both repair costs and premiums. Older Tauruses tend to be cheaper to insure due to their lower value, but owners might face higher maintenance costs or fewer modern safety options.
Impact of year and trim
The trim level (such as SE, SEL, Limited, or SHO) and engine choice affect the car’s value and potential repair costs. Higher-trim Tauruses are typically worth more, which can raise collision/comprehensive coverage costs, even as additional safety features in those trims may help reduce risk and offset some of the price. Always obtain quotes for your specific year and trim to see the real impact.
How to compare and save on Taurus insurance
To get an precise rate for your Taurus and identify savings, follow these steps:
- Shop around: Obtain quotes from several insurers and compare coverage, limits, deductibles, and discounts.
- Consider usage-based or telematics programs: If you drive safely, you may lower premiums with a monitored plan.
- Bundle policies: Insure multiple vehicles or combine with homeowners/renters for discounts.
- Increase deductibles: A higher deductible lowers the annual premium, but ensure you can cover the deductible if needed.
- Improve safety and anti-theft measures: Add alarms, immobilizers, or visible VIN etching to reduce risk in the eyes of insurers.
- Maintain a clean driving record and favorable credit where allowed: Safe driving history and good credit scores can help lower rates.
- Provide accurate information: Ensure the VIN, mileage, usage, and accident history are correct to avoid issues with coverage.
- Ask about discounts: Look for student, multi-vehicle, senior driver, or loyalty discounts and inquire about possible rebates.
Following these steps can help you understand the true cost of insuring a Ford Taurus and possibly reduce your premium.
In summary, insuring a Ford Taurus is often more affordable than insuring newer, more valuable vehicles, but the exact cost hinges on personal factors and the specific Taurus you own. By shopping around, selecting appropriate coverage, and leveraging discounts, you can find a rate that fits your budget while keeping adequate protection.
