If you just bought a Ford Focus, then congratulations, you just purchased a vehicle with one of the lowest depreciation values in the automotive community. The bad news is that because the depreciation value is so low your insurance rates won’t come down as quickly as you might like through the years.
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The Ford Focus is about $1,300 a year to insure. These rates don’t change quickly because the insurance company would have to pay the value of your vehicle. So, if you pay $21,000 for your Ford Focus and the depreciation is only $5,000 after 5 years, which is the Ford Focus average, then the insurance company would still have to pay a large amount if you have an accident that totals your vehicle.
How do safety ratings impact car insurance costs for the Ford Focus?
The good news is that the Ford Focus has a very high safety rating from the Insurance Information Institute. In fact, they give top ratings to every Ford Focus that has been made since 2008 so if you have a late model car, then you should feel safe driving it.
The reason that this rating is important is because the safer your vehicle is, the more affordable your car insurance will be. If you are thinking that $1,300 a year is not a reasonable insurance rate, you have to keep in mind that this average cost includes every year Ford Focus that is on the road, good and bad drivers alike, and all different levels of insurance coverage.
Part of the problem is that from the years 2000 through 2007 the Ford Focus had terrible safety ratings. In fact, the overall safety rating was “poor” for these years, which is the lowest possible rating. In addition, rear seated passengers were much safer in a Ford Focus that had an accident than those driving the vehicle.
These poor safety ratings have a deep impact on the cost of your auto insurance. The reason for this is that your risk of having a serious injury in an accident in an earlier model Ford Focus was/is much higher than it is for a late model Ford Focus.
So why is the depreciation rate on the Ford Focus so low?
Despite its low safety ratings, the Ford Focus has been a very popular choice for vehicles for quite some time. That is part of the reason that the depreciation on the Ford Focus is so low. The depreciation value is based on the ability of a car company to sell your vehicle in a used condition for a higher price; in the case of the Ford Focus they resell very well.
This is good news for you because if you decide to buy a Ford Focus and sell it in a couple of years to buy a new vehicle, you can still do very well on the resell of your car. While this isn’t necessarily an insurance related benefit, it may help you make a decision about whether or not to purchase a Ford Focus.
As an interesting sidebar, every vehicle has a cost to operate price. This cost is related to everything you need to own and operate your vehicle. The Ford Focus costs about $8,000 a year to own and operate. This includes insurance costs, your monthly payment assuming a purchase price of $17,000, taxes and annual maintenance.
According to AAA, the average cost to operate a small sedan is $9,519 a year excluding loan payments. The Focus costs less to operate than other vehicle in its class!
How does the cost of insurance for the Ford Focus compare to other vehicles in its class?
The Ford Focus is considered to be a small sedan. When it comes to small sedans the cost of insurance is typically higher because smaller cars take on more damage in an accident, especially with so many larger vehicles on the road.
However, late model Ford Focuses cost less to insure than many other small sedans. The reason for this goes right back to the safety ratings for the late model Ford Focuses. Even though it is a smaller sedan, the Ford Focus does a good job protecting the driver and passengers in an accident.
The bottom line is that without knowing your complete driving record, who you are going to let drive your vehicle, how much coverage you are planning to purchase, where you live and so on, it is difficult to say what you should expect compared to other vehicles. However, with all things being equal, you can except to pay a little more for other small sedans in the same class as the Ford Focus.
What are some of the safety features offered by the Ford Focus?
You may be wondering what in the world makes the Ford Focus so special and the truth is that it doesn’t have every safety feature that you could possibly imagine. However, there are enough safety features that you will be safe driving a late model Ford Focus. These safety features include:
- AdvanceTrac® ESC w/ ABS
- Six air bags
- Reinforced steel safety cage
- Seat belt system
- Tire pressure monitoring system
The AdvanceTrac® system helps keep your car on the road and your wheels on the ground by monitoring the way that you drive and the weather conditions outside. It can adjust the torque of the engine and engage the ABS to help prevent car accidents in adverse weather conditions.
There are two air bags in the front, two in the front side and two in the rear seat on each side (in the doors). This, combined with the reinforced steel safety cage ensures that you are safe, even in a serious accident.
The seat belt system locks when necessary, releases if needed, warns you if you aren’t wearing one and adjusts to every height for the perfect fit for any driver.
Many accidents are caused by inadequate air pressure or too much air pressure in the tires. The tire pressure monitoring system keeps track of your tire pressure and warns you if it is too high or too low.
There is also an anti theft alarm system on the Ford Focus. While this doesn’t add to the safety of your vehicle, it can still affect your rates because the car insurance company will like that you have an additional protective feature on your car.
How can I save more money on the insurance for my Ford Focus?
There are many ways to save money on your car insurance; however, the discounts you can receive will vary between companies. Some of the more common discounts include:
- Multiple policies
- Taking driving classes
- Having good credit
- Being married
- Going to college
- Maintaining good grades
- Clean driving record
You will have to visit the insurance company website to find out exactly what discount you qualify for from each insurance company.
The most important thing that you can do to save money is to shop around for your auto insurance. Shopping around has never been easier than it is with a free quote tool. You can enter your zip code and answer a few simple questions to quickly compare rates between several insurance companies at the same time.
The great thing is that you aren’t obligated to make a purchase and no one will track you down in an effort to make a sale.
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