Lower Your 2003 Ford Econoline Cargo Insurance Rates

Car insurance shoppers not familiar with shopping for car insurance online are likely to find sourcing cheaper auto insurance is quite challenging.

Buying affordable insurance coverage is not that difficult. In a nutshell, everyone who shops for insurance will more than likely be able to lower their premiums. But vehicle owners need to have an understanding of the way companies market insurance on the web and use this information to your advantage.

Use discounts to get cheaper auto insurance rates

Companies that sell car insurance don’t always advertise every disount available very well, so the list below contains a few of the more common and also the more inconspicuous credits available to you.

• Multi-car Discount – Having multiple cars or trucks on the same auto insurance policy can get a discount for every vehicle.
• Anti-theft Discount – Cars and trucks that have factory anti-theft systems help deter theft and therefore earn up to a 10% discount.
• Discount for Life Insurance – If the company offers life insurance, you could get better auto insurancerates if you take out life insurance from them.
• Distant Student Discount – College-age children who live away from home at college and do not take a car to college can receive lower rates.
• Government Employee Discount – Active or retired federal employment could cut as much as 10% off for Econoline Cargo coverage with select insurance companies.
• Low Mileage Discounts – Keeping the miles down on your Ford can earn better prices on cars that stay parked.

Consumers should know that some credits don’t apply to your bottom line cost. Most only apply to individual premiums such as collision or personal injury protection. So even though you would think all those discounts means the company will pay you, company stockholders wouldn’t be very happy.

To choose auto insurance companies that offer discounts, follow this link.

Tailor your insurance coverage to you

When buying the right insurance coverage for your vehicles, there is no best way to insure your cars. Each situation is unique.

These are some specific questions may help highlight whether or not you may require specific advice.

• Is my ex-spouse still covered by my policy?
• Will filing a claim cost me more?
• Is other people’s property covered if stolen from my vehicle?
• Do I benefit by insuring my home with the same company?
• Is my custom paint covered by insurance?
• Will I lose any money if I cancel my policy before it expires?
• When should I buy a commercial auto policy?
• How much liability do I need to cover my assets?
• What if I total my 2003 Ford Econoline Cargo and owe more than it’s worth?
• Do I pay less if my vehicle is kept in my garage?

If you’re not sure about those questions, you may need to chat with an insurance agent. To find lower rates from a local agent, take a second and complete this form.

Can switching companies really save?

Insurance providers like State Farm, Geico and Progressive constantly bombard you with ads on TV and radio. All the companies try to convey promises that drivers can save some big amount just by switching your insurance policy to them. Is it even possible that every company can say the same thing? This is how they do it.

Most companies have underwriting criteria for the type of customer that will generate a profit. A good example of a preferred risk might have to be between 30 and 50, owns a home, and drives a safe vehicle. Anybody that matches those criteria is entitled to the best price and will save when they switch companies.

Insureds who don’t meet this stringent profile may be required to pay higher rates with the end result being the customer not purchasing. The ads state “customers that switch” not “all people who quote” save that much. That’s why companies can truthfully advertise the way they do.

That is why you need to compare price quotes frequently. Because without a comparison, you cannot know with any certainty which company will give you the biggest savings.

Insurance coverage breakdown

Knowing the specifics of a insurance policy can help you determine the best coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and damage to your Ford Econoline Cargo.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Frequently the UM/UIM limits are identical to your policy’s liability coverage.

Comprehensive coverage

This coverage covers damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as fire damage, hitting a deer, hitting a bird and a tree branch falling on your vehicle. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Medical payments coverage and PIP

Med pay and PIP coverage reimburse you for bills like EMT expenses, ambulance fees and nursing services. They can be used in conjunction with a health insurance plan or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Auto collision coverage

This pays for damage to your Econoline Cargo resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims such as driving through your garage door, backing into a parked car, colliding with a tree, damaging your car on a curb and hitting a parking meter. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. You can also bump up the deductible to save money on collision insurance.

Liability insurance

This protects you from damage or injury you incur to other people or property by causing an accident. This insurance protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.

Liability insurance covers claims like attorney fees, repair bills for other people’s vehicles, emergency aid and loss of income. How much liability should you purchase? That is up to you, but buy as much as you can afford.

Never pay more for less

In this article, we covered many ways to lower your 2003 Ford Econoline Cargo insurance prices. The key concept to understand is the more companies you get rates for, the better your comparison will be. Drivers may discover the most savings is with a small mutual company.

Cheaper car insurance is available both online and with local insurance agents, so you should compare both in order to have the best price selection to choose from. A few companies may not have online quoting and many times these small insurance companies work with independent agents.

When searching for cheap auto insurance quotes, you should never skimp on coverage in order to save money. In many cases, consumers will sacrifice collision coverage only to discover later that their decision to reduce coverage ended up costing them more. Your focus should be to buy the best coverage you can find for the lowest price while not skimping on critical coverages.

Even more information can be read at these sites:

• Steps to Take After an Auto Accident (Insurance Information Insitute)
• Auto Insurance Learning Center (State Farm)
• No-Fault Auto Insurance Statistics (Insurance Information Insitute)
• Five Tips to Save on Auto Insurance (Insurance Information Insitute)