Want lower insurance coverage rates for your Ford F-150? Have you fallen victim to overpriced insurance coverage? Believe me when I say you’re not the only one. Many insurance companies compete for your hard-earned dollar, and it can be difficult to compare rates to discover the definitive lowest rate
Smart consumers take time to shop coverage around once or twice a year since insurance rates change quite often. If you had the lowest rates for F-150 coverage a couple years back the chances are good that you can find a lower rate today. So just block out anything you think you know about insurance coverage because we’re going to show you the quickest way to save on insurance coverage.
An important part of buying insurance is that you know the rating factors that help determine your auto insurance rates. Knowing what controls the rates you pay helps enable you to make changes that may reward you with big savings.
The following are a few of the “ingredients” that factor into rates.
The price of auto insurance can be rather high, but discounts can save money and there are some available that you may not know about. Certain discounts will be triggered automatically at the time you complete a quote, but lesser-known reductions have to be specially asked for in order for you to get them. If you aren’t receiving every discount you qualify for, you are throwing money away.
It’s important to note that most discount credits are not given to the entire cost. Some only reduce specific coverage prices like physical damage coverage or medical payments. So when it seems like it’s possible to get free car insurance, auto insurance companies aren’t that generous. Any qualifying discounts will help reduce your overall premium however.
For a list of insurers with the best auto insurance discounts, click here to view.
Consumers can’t get away from ads for cheaper car insurance from the likes of Allstate, GEICO and Progressive. All the companies have a common claim of big savings if you switch your coverage to them.
How can each company claim to save you money? This is how they do it.
Insurance companies can use profiling for the driver that earns them a profit. For instance, a preferred risk could possibly be between 30 and 50, owns a home, and has excellent credit. A driver who fits that profile will get the preferred rates and most likely will save a lot of money.
Potential customers who don’t measure up to these standards will have to pay more money which leads to business going elsewhere. Company advertisements say “customers that switch” not “everyone that quotes” save that kind of money. This is how companies can claim big savings.
Because of the profiling, drivers should get a wide range of price quotes. It’s not possible to predict the company that will give you the biggest savings on Ford F-150 insurance.
When buying proper insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Your needs are not the same as everyone else’s so your insurance should reflect that These are some specific questions may help you determine whether you will benefit from professional help.
If you’re not sure about those questions but one or more may apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.
Having a good grasp of your insurance policy can be of help when determining which coverages you need for your vehicles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Listed below are typical coverage types found on most insurance policies.
Collision insurance
This pays for damage to your F-150 caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage pays for things such as scraping a guard rail, crashing into a building, colliding with a tree and driving through your garage door. This coverage can be expensive, so consider dropping it from vehicles that are older. Another option is to raise the deductible to bring the cost down.
UM/UIM Coverage
This coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your 2013 Ford F-150.
Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is very important. Normally these coverages are similar to your liability insurance amounts.
Comprehensive or Other Than Collision
Comprehensive insurance coverage covers damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage protects against claims like theft, damage from flooding, rock chips in glass and fire damage. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Medical costs insurance
Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses for surgery, doctor visits, nursing services and ambulance fees. They are used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Coverage applies to all vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage
Liability car insurance
Liability coverage will cover injuries or damage you cause to other people or property. This coverage protects you against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 25/50/25 that means you have a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability coverage protects against claims such as medical expenses, structural damage and emergency aid. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as large an amount as possible.
When buying insurance coverage, it’s not a good idea to skimp on critical coverages to save a buck or two. In many cases, an insured dropped liability coverage limits only to regret that saving that couple of dollars actually costed them tens of thousands. Your focus should be to purchase a proper amount of coverage for the lowest price while not skimping on critical coverages.
We just showed you quite a bit of information on how to get a better price on 2013 Ford F-150 insurance. The key thing to remember is the more quotes you get, the higher your chance of finding lower rates. Consumers could even find that the best prices are with a lesser-known regional company. These companies may only write in your state and offer lower rates compared to the large companies like State Farm or Progressive.
Additional car insurance information can be read below: