Cheap 1993 Ford E-150 Insurance Cost

Looking for cheaper insurance rates for your Ford E-150? Finding cheaper insurance for a Ford E-150 could be a painful process, but you can use a few tricks and make it easy. There is a better way to shop for insurance and we’ll show you the proper way to quote coverages for a new or used Ford and get the cheapest rates from local insurance agents and online providers.

You should take the time to take a look at other company’s rates before your policy renews due to the fact that insurance prices are usually higher with each renewal. Even if you think you had the best rates for E-150 coverage two years ago you may be paying too much now. Forget all the misinformation about insurance because you’re about to learn one of the best ways to reduce your cost while increasing coverage.

How insurance companies calculate Ford E-150 insurance prices

Multiple criteria are part of the equation when pricing auto insurance. Most are fairly basic like a motor vehicle report, but other criteria are more obscure such as your credit history or how financially stable you are.When buying insurance coverage it’s important to understand some of the elements that come into play when calculating your policy premiums. When you understand what determines base rates, this empowers consumers to make smart changes that will entitle you to lower rates.

The list below includes a partial list of the pieces used by insurance companies to determine your premiums.

• Long commutes cost more – The higher the mileage driven every year the more you’ll pay to insure your vehicle. A lot of companies calculate rates based upon how much you drive. Cars and trucks that have low annual miles qualify for better rates than those that get driven frequently. Having the wrong rating on your E-150 is just wasting money. It’s a good idea to make sure your insurance coverage policy is rated on annual mileage, because it can save money.
• Too many policy claims will drive premiums up – Insurance companies award lower rates to drivers who file claims infrequently. If you frequently file small claims, you can pretty much guarantee either policy cancellation or increased premiums. Your insurance policy is meant to be used in the event of claims that pose a financial burden.
• Getting married can lower premiums – Walking down the aisle may cut your premiums when buying insurance coverage. It translates into being more mature and responsible and statistics show married drivers get in fewer accidents.
• Reduce insurance coverage rates by driving cars with good safety ratings – Cars with high safety ratings can get you lower premiums. Vehicles built for safety reduce injuries and fewer serious injuries means your insurance company pays less and more competitive rates for policyholders. If your Ford E-150 has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
• Multiple policies with one company – Lots of insurance coverage companies give better rates to insureds who carry more than one policy, otherwise known as a multi-policy discount. The discount can add up to 10 percent or more. Even if you qualify for this discount already, you still need to get quotes from other companies to verify if the discount is saving money.

Take policy discounts and save

Some insurance providers don’t list all available discounts very well, so below is a list a few of the more well known and the more hidden discounts that may be available.

• Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to use a seat belt could cut 10% or more on the premium charged for medical payments and/or PIP.
• Multiple Cars – Having multiple cars or trucks with one company can get a discount for every vehicle.
• Active Military Service – Being on active deployment in the military could be rewarded with lower insurance coverage rates.
• Pay Upfront and Save – If you pay your entire premium ahead of time instead of paying each month you can avoid the installment charge.
• New Vehicle Savings – Buying a new car model can get you a discount because new model year vehicles are generally safer.
• Anti-lock Brake Discount – Vehicles equipped with ABS or steering control are safer to drive and earn discounts up to 10%.
• Auto/Home Discount – When you have multiple policies with the same insurance company you may earn at least 10 to 15 percent or more.

Drivers should understand that many deductions do not apply the the whole policy. Some only apply to the price of certain insurance coverages like collision or personal injury protection. So even though it sounds like all the discounts add up to a free policy, companies don’t profit that way. But all discounts will positively reduce your overall bill.

A list of companies and some of the premium reductions they offer are detailed below.

• State Farm offers premium reductions for driver’s education, safe vehicle, defensive driving training, multiple policy, student away at school, passive restraint, and accident-free.
• Geico has savings for good student, anti-lock brakes, daytime running lights, seat belt use, and multi-vehicle.
• Allstate may include discounts for eSmart discount, auto/life discount, early signing, senior citizen, and anti-lock brakes.
• SAFECO offers discounts including accident prevention training, teen safety rewards, safe driver, drive less, teen safe driver, multi-car, and anti-lock brakes.
• Farm Bureau has discounts for multi-policy, safe driver, good student, 55 and retired, and multi-vehicle.
• Progressive discounts include online quote discount, good student, homeowner, continuous coverage, online signing, multi-policy, and multi-vehicle.
• AAA may offer discounts for good student, education and occupation, multi-policy, anti-theft, AAA membership discount, and pay-in-full.

Before buying, ask all companies you are considering which discounts can lower your rates. Some discounts might not be offered in your area. If you would like to view providers that offer discounts, click here.

Are insurance coverage companies telling the truth?

Consumers get pounded daily by advertisements that promise big savings for switching from the likes of State Farm, Allstate and Geico. They all make the point about savings if you change your policy.

How is it plausible that every one can make the same claim? This is the trick they use.

All the different companies give the best rates for the type of driver they prefer to insure. An example of a driver they prefer could be between the ages of 30 and 50, has had continuous coverage, and chooses high deductibles. A propective insured that fits those parameters may get the lowest car insurance rates and have a good chance to save if they switch.

Consumers who cannot meet these standards may receive more expensive rates with the end result being the prospect going elsewhere. The ads say “people that switch” but not “all drivers who get quotes” save that much. That is how companies can truthfully make it sound like they have such great rates. Because of this risk profiling, it’s extremely important to compare many company’s rates. It is impossible to predict the company that will have the best prices.

Which policy gives me the best coverage?

When choosing the right insurance coverage, there really is not a best way to insure your cars. Every insured’s situation is different.

Here are some questions about coverages that can aid in determining whether your personal situation could use an agent’s help.

• Am I covered if I break a side mirror?
• What is PIP insurance?
• What is no-fault insurance?
• Is my Ford E-150 covered if I use it for business?
• Do I benefit by insuring my home with the same company?
• Is other people’s property covered if stolen from my vehicle?
• When can my company non-renew my policy?
• Does my policy pay for OEM or aftermarket parts?
• Why is insurance for a teen driver so high?

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to an agent. To find lower rates from a local agent, complete this form. It only takes a few minutes and may give you better protection.

The coverage is in the details

Learning about specific coverages of a insurance policy helps when choosing which coverages you need for your vehicles. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.

Collision protection

Collision insurance covers damage to your E-150 resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as scraping a guard rail, rolling your car, damaging your car on a curb and sideswiping another vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for prosthetic devices, EMT expenses and pain medications. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Comprehensive insurance

This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like hitting a bird, damage from flooding and a tree branch falling on your vehicle. The most a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Coverage for liability

This coverage will cover damage or injury you incur to people or other property that is your fault. It protects you from legal claims by others. It does not cover damage to your own property or vehicle.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability can pay for claims such as pain and suffering, funeral expenses, court costs and attorney fees. How much liability should you purchase? That is a decision to put some thought into, but you should buy as much as you can afford.

Saving money makes a lot of cents

Affordable 1993 Ford E-150 insurance is definitely available from both online companies in addition to local insurance agencies, so you should compare both in order to have the best price selection to choose from. Some insurance companies may not have online quoting and many times these small insurance companies work with independent agents.

Throughout this article, we presented many ways to reduce 1993 Ford E-150 insurance car insurance rates online. The key concept to understand is the more rate comparisons you have, the higher your chance of finding low cost car insurance. Consumers could even find that the lowest priced insurance comes from the smaller companies.

Drivers who switch companies do it for a number of reasons such as extreme rates for teen drivers, policy cancellation, an unsatisfactory settlement offer and even high rates after DUI convictions. Regardless of your reason, switching companies is pretty simple and you could end up saving a buck or two.

Other learning opportunities

• Avoiding Deer Collisions (Insurance Information Insitute)
• Medical Payments Coverage (Liberty Mutual)
• Child Safety FAQ (iihs.org)
• Liability Insurance Coverage (Nationwide)