Want the cheapest auto insurance rates for your Ford F-150 SVT Lightning? Are you at wits end from scraping nickels together to pay auto insurance each month? You have the same problem as the majority of other vehicle owners. Companies like Progressive, Geico and Farmers Insurance promote their brand names with TV and radio ads and it is difficult to not get sucked in by the cute commercials and find the best price available.
The most recommended method to compare car insurance company rates is to know the trick most larger insurance companies will pay a fee to provide you with a free rate quote. All consumers are required to do is provide information such as if it has an alarm system, your education level, how many miles driven, and if your license is active. That rating information gets transmitted to insurance carriers in your area and they provide comparison quotes quickly.
Consumers get pounded daily by advertisements for cheaper auto insurance by Progressive, Allstate and Geico. All the ads say the same thing that you’ll save big if you move to their company.
How does every auto insurance company give you a lower rate?
Most companies are able to cherry pick for the type of customer that will be a good risk. For instance, this type of risk profile could be between 25 and 40, is a homeowner, and drives a lower-performance vehicle. Any person that fits those parameters will get low car insurance rates and is almost guaranteed to save quite a bit of money when switching.
People who cannot meet these standards must pay a more expensive rate which translates to business not being written. The wording the ads use say “customers who switch” not “everybody who quotes” save that much money. That is how insurance companies can state the savings.
Because every company is different, it’s extremely important to compare price quotes frequently. It is just not possible to predict with any certainty which company will have the best premium rates.
An important part of buying insurance is that you know the different types of things that play a part in calculating your premiums. When consumers understand what determines base rates, this allows you to make good choices that will entitle you to cheaper rates. Multiple criteria are used in the calculation when pricing auto insurance. A few of the factors are predictable such as traffic violations, but other criteria are less obvious like your continuous coverage or how financially stable you are.
The factors shown below are just a few of the factors companies use to determine prices.
Insurance is not an enjoyable expense, but there could be significant discounts that you may not even know about. Most are applied at the time you complete a quote, but once in a while a discount must be asked for before you will receive the discount.
One last thing about discounts, most discounts do not apply to the entire policy premium. A few only apply to the cost of specific coverages such as medical payments or collision. If you do the math and it seems like having all the discounts means you get insurance for free, nobody gets a free ride. But any discount will cut the premium cost.
To view providers with the best discounts, click here.
When buying coverage for your personal vehicles, there is no single plan that fits everyone. Every insured’s situation is different and your policy should reflect that. For example, these questions might help in determining if your situation would benefit from an agent’s advice.
If you can’t answer these questions then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area. It is quick, free and can provide invaluable advice.
Understanding the coverages of insurance helps when choosing appropriate coverage for your vehicles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. These are typical coverage types available from insurance companies.
Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for things like ambulance fees, chiropractic care, pain medications and nursing services. The coverages can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Coverage applies to all vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible
Comprehensive protection – This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things such as theft, hail damage, hitting a deer and a broken windshield. The most you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.
Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and damage to your Ford F-150 SVT Lightning.
Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important. Normally these coverages are set the same as your liablity limits.
Liability insurance – Liability coverage will cover damage that occurs to people or other property in an accident. This coverage protects you from legal claims by others, and doesn’t cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 100/300/100 which means $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.
Liability insurance covers things such as repair costs for stationary objects, bail bonds and legal defense fees. How much coverage you buy is your choice, but consider buying as high a limit as you can afford.
Collision coverages – This coverage will pay to fix damage to your F-150 SVT Lightning 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 rolling your car, crashing into a building, sideswiping another vehicle and damaging your car on a curb. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Another option is to increase the deductible in order to get cheaper collision rates.
Some insurance providers may not provide online quoting and these small, regional companies only sell coverage through independent agencies. Budget-friendly car insurance can be sourced on the web and also from your neighborhood agents, and you should compare rates from both so you have a total pricing picture.
Throughout this article, we presented some good ideas how you can shop for 2000 Ford F-150 SVT Lightning insurance online. The most important thing to understand is the more price quotes you have, the better chance you’ll have of finding inexpensive insurance coverage. Drivers may discover the biggest savings come from some of the smallest insurance companies. These companies can often provide lower premium rates in certain areas compared to the large companies like State Farm and Allstate.
More tips and info about car insurance can be found in these articles:
Richard Martin
If you have a good history and live around Portland, Maine, check out Progressive. You might get cheaper rates. Have an at-fault accident tho. Online quotes are the way to go.
Tracey Benjamin
Well-written and thought out article. I’m in the suburbs of Spokane, WA. I got free rates from Auto-Owners, Safeco, and a few others for my F-150 SVT Lightning and saved $69 a year. Left The General to switch. I have kids on my policy, too. Are quotes cheaper online? I just carry liability insurance.
Kurt Hicks
Located in Atlanta, GA. Can’t remember who all I quoted but I ended up saving about $30 each month. Wish I didn’t have to insure at all.
Suzi Lambert
If you’re a decent driver and live near Paterson, New Jersey, check out State Farm. They seem to be cheaper. Insured with American Family before. I recommend comparing lots of rates.
Ashley Kline
GEICO is decent in Colorado Springs, Colorado.
Ramona Castaneda
Do I have to carry car insurance in Nebraska?
Janett Sampson
Got a quote with Safeco for my Ford and am saving around $60 a year. I get a discount for insuring multiple vehicles. Just go online and compare their rates. Just liability coverage since it’s getting old.
Roseanne Mcknight
In Anchorage, AK try State Farm or Progressive. Both had decent prices.
Alonzo Franklin
I’m in the suburbs of Las Vegas, NV. Got rates from Nationwide, Erie, 21st Century, and AIG Insurance for my Ford and I think I saved about $30 each month. Was with Liberty Mutual. Did it all online.