2000 Ford F-150 SVT Lightning Insurance Cost

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.

Auto insurance savings promises

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.

Choices you make can impact your insurance 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.

  • Put fewer miles on your vehicle – Driving a lot of miles annually the more you’ll pay to insure it. Almost all companies price each vehicle’s coverage determined by how the vehicle is used. Cars and trucks that do not get driven very much qualify for better rates than those that get driven frequently. Ask your agent if your vehicle rating correctly shows the correct usage for each vehicle, because it can save money. A policy that improperly rates your F-150 SVT Lightning is throwing money out the window.
  • Driving citations cost more than a fine – Drivers with clean records pay lower auto insurance prices than people who have multiple driving citations. Even a single citation may increase your cost by as much as thirty percent. People who have dangerous violations such as reckless driving, hit and run or driving under the influence may face state-mandated requirements to submit a SR-22 or proof of financial responsibility with their state’s licensing department in order to continue driving.
  • More traffic equals higher prices – Living in less populated areas is a positive aspect when shopping for auto insurance. Drivers in populated areas have to deal with more road rage incidents and a longer drive to work. Less people living in that area translates into fewer accident claims in addition to fewer liability claims.
  • Auto insurance rates can be impacted by your occupation – Careers such as doctorsair traffic controllers and accountants tend to pay higher rates than the rest of us due to job stress and incredibly demanding work hours. Other jobs such as actors, athletes and performers generally pay rates lower than average for F-150 SVT Lightning insurance.
  • With age comes responsibility – Drivers with little experience tend to be easily distracted with other occupants in the car so auto insurance rates are higher. Older people tend to be more responsible, cost insurance companies less in claims and receive fewer citations.
  • Excellent credit equals lower costs – Having a bad credit score is a big factor in determining your rates. Therefore, if your credit history could use some work, you may save money insuring your 2000 Ford F-150 SVT Lightning if you clean up your credit. Consumers who have high credit ratings tend to be better drivers and file fewer claims as compared to drivers with worse credit.
  • Car plus home equals more savings – The majority of companies will award better rates for people who carry more than one policy, otherwise known as a multi-policy discount. Discounts can be anywhere from five to ten percent in most cases. Even if you already get this discount, you may still want to shop around to make sure you are getting the best deal.
  • Do safer cars cost less to insure? – Safer cars cost less to insure. Safer cars protect occupants better and better occupant protection means your insurance company pays less and cheaper rates on your policy. If the Ford F-150 SVT Lightning has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may pay a lower rate.

Double check you’re getting with these discounts

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.

  • Multi-line Discount – If the company offers life insurance, you could get a lower rate if you buy a life policy as well.
  • Responsible Driver Discounts – Insureds who avoid accidents can save as much as half off their rates for F-150 SVT Lightning insurance as compared to drivers with claims.
  • Homeowners Savings – Owning a house can save you money since home ownership demonstrates responsibility.
  • Save with a New Car – Buying a new car model can save you some money since new vehicles are generally safer.
  • Paperwork-free – Many insurance companies provide a small discount for buying your policy online.
  • Pay Now and Pay Less – By paying your policy upfront rather than paying monthly you can actually save on your bill.
  • Seat Belts Save more than Lives – Drivers who require all occupants to buckle up could cut 10% or more on the premium charged for medical payments and/or PIP.
  • Driver Safety – Taking part in a defensive driver course can save you 5% or more and also improve your driving technique.
  • Onboard Data Collection – Drivers who agree to allow data collection to analyze when and where they use their vehicle by using a telematics device in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive could save a few bucks if they have good driving habits.

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.

Your situation helps dictate your coverage

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.

  • Do I need PIP (personal injury protection) coverage in my state?
  • Am I covered if I hit a deer?
  • Should I waive the damage coverage when renting a car?
  • What is the difference between comprehensive and collision coverage?
  • Does liability extend to a camper or trailer?
  • Should I file a claim if it’s only slightly more than my deductible?
  • What is roadside assistance coverage?
  • Are my friends covered when driving my 2000 Ford F-150 SVT Lightning?
  • What is covered by UM/UIM coverage?
  • What should my uninsured motorist coverage limits be in my state?

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.

Insurance coverage breakdown

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.

More choices the merrier

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.

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Comments About 2000 Ford F-150 SVT Lightning Insurance

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. Ashley Kline

    GEICO is decent in Colorado Springs, Colorado.

  6. Ramona Castaneda

    Do I have to carry car insurance in Nebraska?

  7. 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.

  8. Roseanne Mcknight

    In Anchorage, AK try State Farm or Progressive. Both had decent prices.

  9. 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.