Save on 1994 Ford F-150 SVT Lightning Insurance Cost

Trying to find lower car insurance rates for your Ford F-150 SVT Lightning? Do you think you bought high-priced car insurance? Trust us when we tell you there are lots of people in the same boat.

Having so many choices of insurance companies, it can be diffult for drivers to choose a more affordable insurance company.

The purpose of this article is to introduce you to how to get online quotes. If you currently have a car insurance policy, you stand a good chance to be able to reduce your rates substantially using these methods. Although consumers must learn the way insurance companies market insurance on the web because it can help you find the best coverage.

How much does auto insurance cost?

There are several ways you can shop for auto insurance but there is one way that is less time-consuming than others. You could spend your day talking about coverages with agents in your area, or you could save time and use online quotes to get rate comparisons in just a few minutes.

Most major companies belong to an insurance system where prospective buyers only type in their quote data once, and every company can provide price quotes based on the submitted data. This saves time by eliminating quote forms for each company.

To get comparison pricing now click here (opens in new window).

The single downside to getting quotes like this is buyers cannot specifically choose which insurance companies to receive prices from. If you wish to select from a list of companies to request quotes from, we have a page of companies who write auto insurance in your area. View list of insurance companies.

The approach you take is up to you, just make darn sure you compare the exact same coverage limits with each company. If you enter mixed coverages you will not be able to make a fair rate comparison. Just slight variations in insurance coverages or limits may result in large price differences. And when comparison shopping, comparing a large number of companies provides better odds of finding a lower rate. Not every company provides price estimates online, so it’s recommended that you also compare prices from those companies as well.

How insurance companies calculate Ford F-150 SVT Lightning insurance costs

Part of the auto insurance buying process is learning some of the elements that play a part in calculating your policy premiums. If you have a feel for what positively or negatively impacts your premiums, this helps enable you to make changes that will entitle you to lower auto insurance prices.

Shown below are most of the major factors used by your company to calculate prices.

  • High coverage deductibles equal low rates – Deductibles for physical damage are how much you are willing to pay if a claim is determined to be covered. Insurance for physical damage, also called ‘full coverage’, protects your car from damage. Some instances where coverage would apply would be colliding with a stationary object, damage from fire, and having a roll-over accident. The larger the amount the insured is willing to pay, the lower your rates will be on F-150 SVT Lightning insurance.
  • Does insurance coverage cost less for women? – Statistics demonstrate women are more cautious behind the wheel. The data does not necessarily mean that women are BETTER drivers than men. Females and males get in auto accidents at a similar rate, but the male of the species have accidents that have higher claims. In addition to higher claims, males also get more serious tickets such as DWI and reckless driving. Young males have the highest risk to insure and are penalized with high auto insurance rates.
  • Younger drivers pay more – Teenage drivers are statistically proven to be inattentive when behind the wheel so auto insurance rates are higher. Older, more experienced drivers are proven to be safer behind the wheel, tend to file fewer claims and get fewer tickets.
  • Your location is important – Living in a small town may provide you with better prices when it comes to auto insurance. Fewer people means a lower chance of having an accident and lower theft and vandalism rates. City drivers tend to have traffic congestion and longer commutes to work. Longer commute distances means more chances of being involved in an auto accident.
  • Vehicles with better crash test results means cheaper insurance – Vehicles with high crash test scores tend to have lower insurance rates. Vehicles engineered for safety help reduce the chance of injuries in an accident and lower rates of occupant injuries translates into savings for insurance companies and cheaper rates on your policy.
  • Bundle home and auto and save – Most larger auto insurance companies afford discounts to customers who carry more than one policy in the form of a multi-policy discount. Even if you’re getting this discount it’s in your best interest to get quotes from other companies to verify if the discount is saving money.

Do you qualify for discount insurance?

Insurance can be pricey, but you may be missing some discounts to cut the cost considerably. Certain credits will be shown when you quote, but a few need to be specifically requested before you get the savings.

  • Data Collection Discounts – People who choose to allow data collection to scrutinize when and where they use their vehicle remotely such as Allstate’s Drivewise and State Farm’s In-Drive system could save a few bucks as long as they are good drivers.
  • Clubs and Organizations – Affiliation with a professional or civic organization could qualify you for a break on your next insurance statement.
  • Own a Home – Simply owning a home can save a few bucks due to the fact that maintaining a home requires a higher level of personal finance.
  • Bundled Policy Discount – When you combine your auto and home insurance and place coverage with the same company you could earn a discount of up to 20% off your total premium.
  • Driver Education Discount – Cut your cost by having your teen driver sucessfully take a drivers education course if it’s offered in school.
  • Discounts for New Vehicles – Buying a new car instead of a used car can save you some money because new vehicles have to meet stringent safety requirements.
  • Seat Belt Discounts – Buckling up and requiring all passengers to fasten their seat belts can save a little on medical payment and PIP coverage.

While discounts sound great, it’s important to understand that some of the credits will not apply to the entire policy premium. Most cut specific coverage prices like physical damage coverage or medical payments. So when it seems like adding up those discounts means a free policy, it doesn’t quite work that way.

Auto insurance companies that may have these discounts include:

Before you buy a policy, ask each insurance company which discounts you qualify for. Savings may not apply to policyholders in your area. To view insurance companies who offer cheap insurance quotes, click this link.

What insurance coverages do I need?

When buying adequate coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Every insured’s situation is different so this has to be addressed. For example, these questions can help discover whether your personal situation will benefit from professional help.

  • Does insurance cover damages from a DUI accident?
  • Do I have coverage if my license is suspended?
  • Will I be non-renewed for getting a DUI or other conviction?
  • What can I do if my company won’t pay a claim?
  • How much can I save by bundling my policies?
  • Is there coverage for injuries to my pets?
  • Can I rate high risk drivers on liability-only vehicles?
  • Should I buy only the required minimum liability coverage?

If you’re not sure about those questions then you might want to talk to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.

What auto insurance coverages do you need?

Learning about specific coverages of a auto insurance policy helps when choosing the best coverages and proper limits and deductibles. Auto insurance terms can be difficult to understand and nobody wants to actually read their policy. Below you’ll find typical coverage types found on most auto insurance policies.

Comprehensive protection – Comprehensive insurance pays for damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as a tree branch falling on your vehicle, theft, damage from flooding and fire damage. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Liability car insurance – This can cover damage that occurs to other people or property by causing an accident. It protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 25/50/25 which stand for a $25,000 limit per person for injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Another option is a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers claims like repair bills for other people’s vehicles, structural damage and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but consider buying higher limits if possible.

Medical expense coverage – Med pay and PIP coverage kick in for short-term medical expenses such as dental work, funeral costs and hospital visits. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers you and your occupants as well as getting struck while a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Uninsured or underinsured coverage – Your UM/UIM coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants as well as damage to your Ford F-150 SVT Lightning.

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 very important. Frequently the UM/UIM limits are set the same as your liablity limits.

Collision – This covers damage to your F-150 SVT Lightning resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like crashing into a building, sideswiping another vehicle, colliding with a tree and hitting a parking meter. This coverage can be expensive, so you might think about dropping it from lower value vehicles. You can also bump up the deductible in order to get cheaper collision rates.

Don’t throw your cash in the trash

Affordable 1994 Ford F-150 SVT Lightning insurance is available from both online companies as well as from independent agents, so get free insurance coverage quotes from both of them in order to have the best chance of saving money. Some insurance companies may not provide online rate quotes and these smaller providers work with independent agencies.

We just presented quite a bit of information on how to get a better price on 1994 Ford F-150 SVT Lightning insurance. It’s most important to understand that the more price quotes you have, the better likelihood of getting cheap insurance coverage. Drivers may discover the lowest premium rates are with a company that doesn’t do a lot of advertising. These smaller insurers may have significantly lower prices on certain market segments than their larger competitors like GEICO and State Farm.

For more information, feel free to browse the articles below:

Comments About 1994 Ford F-150 SVT Lightning Insurance

  1. Elizabeth Delacruz

    Will Progressive raise rates for a windshield claim?

  2. Lera Watkins

    How are claims handled by Progressive around Louisville, KY?

  3. Cathey Maldonado

    I’m from Overland Park, Kansas. Got prices from AAA, Farmers, and Sentry for my F-150 SVT Lightning and saved $71 a year.

  4. Gwyneth Winters

    Will Allstate cancel me for an at-fault accident?

  5. Ladonna Robbins

    I’m in the west part of Boise, Idaho and for me State Farm had the lowest quote. I dropped full coverage awhile back.

  6. Janina Molina

    I compared a lot of rate quotes for a 1994 Ford F-150 SVT Lightning in Billings, Montana. Ended up at darn near $100 every six months with AAA.

  7. Britteny Maldonado

    From a town just southwest of Madison, WI. Went online for free insurance quotes for a 1994 Ford F-150 SVT Lightning. Ended up at about $100 savings annually. Went with 21st Century. Was with AIG Insurance. Thankfully I’m not a high risk driver. I quoted rates online then called them. Just liability coverage since it’s getting old.

  8. Olympia Mason

    State Farm was cheapest for my 1994 Ford F-150 SVT Lightning in Rochester, Minnesota.

  9. Jacqueline Dale

    Too expensive. I ride a bike.

  10. Georgiann Atkinson

    In Great Falls, Montana, 21st Century is a good choice.

  11. Rossana Wright

    Located in Augusta, GA. Quoted a bunch of companies. Saved right around $20 a month. Allstate was the most affordable for me. Thankfully I have a good driving record. I don’t insure for physical damage though.