1998 Ford E-150 Car Insurance Rates

Finding cheaper coverage rates for insurance coverage can be slightly frustrating for drivers who are beginners to online comparison shopping. There are so many companies to choose from that it can easily be a lot of work to locate the lowest coverage rates.

If you currently have car insurance, you will be able to lower your premiums substantially using these techniques. Finding the lowest cost auto insurance coverage can be fairly easy. But consumers need to have an understanding of the way companies market insurance on the web and take advantage of how the system works.

Lower your car insurance rates with discounts

Not too many consumers would say car insurance is affordable, but you might find some hidden discounts to reduce the price significantly. Some discounts apply automatically at quote time, but a few must be specially asked for in order for you to get them.

• No Claim Discounts – Drivers with accident-free driving histories are rewarded with significantly better rates on insurance quote compared to frequent claim filers.
• Bundled Policy Discount – When you have multiple policies with one company you could get a discount of approximately 10% to 15%.
• College Student – who live away from home to go to college and leave their car at home could qualify for this discount.
• Multi-Vehicle Discounts – Buying coverage for primary and secondary vehicles on one policy can reduce the rates for all insured vehicles.
• Accident Waiver – but a few companies such as Allstate and Progressive will allow you to have one accident without raising rates with the catch being you have to be claim-free prior to the accident.
• Military Rewards – Being deployed in the military could be rewarded with lower rates.
• Online Discount – A few companies will give you a small discount for buying your policy online.
• Early Signing – Some insurance companies provide a discount for switching to them before your current expiration date. The savings is around 10%.

Remember that most of the big mark downs will not be given to your bottom line cost. Some only apply to individual premiums such as comp or med pay. Even though the math looks like all the discounts add up to a free policy, insurance companies wouldn’t stay in business. Any amount of discount will lower the cost of coverage.

Insurance companies that have these discounts include:

• Progressive
• The Hartford
• Mercury Insurance
• Geico
• AAA
• State Farm

When comparing rates, check with every company which discounts they offer. Some discounts might not be offered everywhere. To find insurance companies with the best car insurance discounts, click this link.

You are unique and your insurance should be too

When it comes to buying coverage for your personal vehicles, there really is no one size fits all plan. Your needs are not the same as everyone else’s.

For example, these questions might point out if your insurance needs may require specific advice.

• When should I remove comp and collision on my 1998 Ford E-150?
• Will my insurance pay for OEM parts?
• Are my friends covered when driving my car?
• How much can I save by bundling my policies?
• How high should deductibles be on a 1998 Ford E-150?
• Am I covered if hit by an uninsured driver?
• How high should my uninsured/underinsured coverage be in my state?
• Is my teen driver covered when they drive my company car?
• What is an SR-22 filing?

If it’s difficult to answer those questions, you might consider talking to an agent. If you don’t have a local agent, complete this form.

Auto insurance coverage options for a 1998 Ford E-150

Knowing the specifics of your auto insurance policy can be of help when determining the best coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and reading a policy is terribly boring.

Liability

This coverage provides protection from injuries or damage you cause to people or other property by causing an accident. This coverage protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 50/100/50 which stand for a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Another option is a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers things such as emergency aid, pain and suffering, legal defense fees and medical expenses. How much liability coverage do you need? That is your choice, but you should buy as high a limit as you can afford.

Collision insurance

Collision coverage pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like crashing into a building, rolling your car, damaging your car on a curb, sideswiping another vehicle and colliding with a tree. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Drivers also have the option to increase the deductible to bring the cost down.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for things like dental work, hospital visits, pain medications and surgery. They are utilized in addition to your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Comprehensive coverages

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

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

Uninsured and underinsured coverage

This provides protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Ford E-150.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently the UM/UIM limits are identical to your policy’s liability coverage.

Affordable insurance is out there

In this article, we covered many ideas to lower your 1998 Ford E-150 insurance rates. The key thing to remember is the more rate quotes you have, the more likely it is that you will get a better rate. You may even find the lowest rates are with a small mutual company.

When getting insurance quotes online, you should never skimp on coverage in order to save money. There are many occasions where drivers have reduced full coverage only to regret that the few dollars in savings costed them thousands. Your objective should be to find the BEST coverage for the lowest cost but still have enough coverage for asset protection.

Consumers change insurance companies for many reasons like unfair underwriting practices, denial of a claim, lack of trust in their agent or even not issuing a premium refund. Whatever your reason, choosing a new insurance company can be easier than you think.

Other resources

• What if I Can’t Find Coverage? (Insurance Information Insitute)
• Older Driver Statistics (Insurance Information Insitute)
• Cellphones, Texting and Driving (iihs.org)
• Senior Drivers (Insurance Information Insitute)