2005 Ford Econoline Wagon Insurance Rates

Searching for lower insurance coverage rates for your Ford Econoline Wagon? Have you fallen victim to high-priced insurance coverage? It’s a common feeling and many consumers are in the same pinch. Drivers have so many auto insurance companies to insure vehicles with, and although it’s a good thing to be able to choose, having more car insurance companies makes it harder to locate the cheapest rates.

It’s important to get comparison quotes at least once a year because insurance coverage prices are adjusted regularly by insurance companies. Even if you got the best deal for Econoline Wagon insurance at your last renewal a different company probably has better rate quotes today. There is a lot of bad information regarding insurance coverage on the web, but I’m going to show you some of the best techniques to find affordable insurance coverage.

Auto insurance quotes comparison

Comparing auto insurance rates can take time and effort if you aren’t aware of the fastest way to get free quotes. You can waste a few hours (or days) talking to local insurance agents in your area, or you can stay home and use the internet to get rate comparisons in just a few minutes.

Most major companies belong to a marketplace where prospective buyers only type in their quote data once, and each participating company provides a quote based on the submitted data. This system prevents you from having to do repetitive form submissions for each company.

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

One minor caviat to doing it this way is you cannot specify the providers you will receive quotes from. So if you want to select individual companies to receive pricing from, we put together a list of low cost auto insurance companies in your area. Click here to view list.

Compare rates however you want, just make sure you compare the same coverage limits on every price quote you get. If your comparisons have different values for each quote it will be very difficult to determine the lowest rate for your Ford Econoline Wagon.

Lower rates by qualifying for discounts

Insuring your vehicles can cost a lot, but there’s a good chance there are discounts that can drop the cost substantially. Certain discounts will be applied at the time you complete a quote, but a few need to be specifically requested in order for you to get them.

• Pay Upfront and Save – By paying your entire bill at once as opposed to paying monthly you could save 5% or more.
• Anti-theft System – Anti-theft and alarm system equipped vehicles prevent vehicle theft and therefore earn up to a 10% discount.
• Auto/Life Discount – Insurance companies who offer life insurance give better insurancerates if you take out some life insurance too.
• Online Discount – Some companies provide a small discount for buying your policy on your computer.
• Discounts for Responsible Drivers – Drivers who avoid accidents may save up to 50% more for Econoline Wagon insurance compared to rates paid by drivers with frequent claims.
• Clubs and Organizations – Belonging to qualifying employment or professional organizations could qualify you for a break on your next renewal.
• Good Grades Discount – This discount can save 20 to 25%. Earning this discount can benefit you until age 25.
• Passive Restraint Discount – Options like air bags and/or automatic seat belt systems can qualify for discounts of 20% or more.
• Drivers Education – Reduce the cost of insurance for teen drivers by having them enroll in driver’s education as it will make them better drivers and lower rates.

Discounts lower rates, but most credits do not apply to the entire cost. The majority will only reduce individual premiums such as physical damage coverage or medical payments. So even though you would think you could get a free insurance policy, that’s just not realistic.

If you would like to view insurers that offer many of these discounts, click here.

Auto insurance is unique, just like you

When buying proper insurance coverage, there isn’t really a “best” method to buy coverage. Your needs are not the same as everyone else’s so this has to be addressed. For instance, these questions might help in determining whether or not you might need professional guidance.

• Do all my vehicles need collision coverage?
• I have a DUI can I still get coverage?
• Is my nanny covered when driving my vehicle?
• What is roadside assistance coverage?
• Can I rate high risk drivers on liability-only vehicles?
• What are the best liability limits?
• What can I do if my company won’t pay a claim?

If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area. It’s fast, free and you can get the answers you need.

Seven factors that affect insurance rates

Multiple criteria are taken into consideration when you get your auto insurance bill. Most are fairly basic such as traffic violations, but some are more transparent like your vehicle usage or how safe your car is.

The factors shown below are some of the factors companies use to determine your rate level.

• Don’t let your policy lapse – Allowing your coverage to lapse can be a quick way to trigger a rate increase. In addition to paying higher premiums, being ticketed for driving with no insurance could earn you fines and jail time.
• Teen drivers pay higher premiums – Youthful drivers are proven to be less responsible with other occupants in the car so they pay higher car insurance rates. If you’ve ever had to add a beginning driver to your car insurance policy can break the bank. Mature drivers are proven to be safer behind the wheel, cost insurance companies less in claims and are safer drivers.
• Male rates may be higher – Statistics show that women are safer drivers than men. However, this does not mean females are better drivers. Men and women cause accidents at about the same rate, but men tend to have higher claims. In addition to higher claims, males also get higher numbers of serious violations like reckless driving and DUI. Young men ages 16 to 20 are the most expensive to insure and thus pay the highest rates.
• Car insurance liability insurance limits – Your policy’s liability coverage will protect you if ever you are found to be at fault for damages caused by your negligence. It will provide legal defense to attempt to prove you were not liable. Liability insurance is quite affordable compared to other policy coverages, so drivers should make sure they buy enough to cover all assets.
• Being married can lower premiums – Getting married helps lower the price on your car insurance policy. It is viewed as being more mature and it’s statistically proven that drivers who are married are more cautious.
• Alarms and GPS tracking lower rates – Purchasing a vehicle with a theft deterrent system can help bring down rates. Advanced theft deterrents like GM’s OnStar, tamper alarm systems and vehicle immobilizers all hinder car theft and help bring rates down.
• Lower comp and collision deductibles cost more – Physical damage deductibles are the amount of money the insured will be required to pay in the event of a claim. Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your car. Some examples of claims that would be covered would be colliding with a stationary object, vandalism, and having a roll-over accident. The more of the claim you are required to pay out-of-pocket, the lower your rates will be for Econoline Wagon insurance.

Do drivers who switch really save?

Consumers can’t get away from ads that promise big savings from companies such as State Farm, Allstate and Geico. All the companies say the same thing that you’ll save big just by moving your coverage to them.

How does each company say the same thing? It’s all in the wording.

Different companies have an ideal profile for the type of customer that will not have excessive claims. For instance, a preferred risk may need to be over the age of 40, owns their home, and drives a car with an anti-theft system. Anybody who matches those parameters will most likely get cheap rates as well as save when they switch companies.

People who don’t measure up to the requirements will be charged a more expensive rate and the customer not purchasing. If you listen closely, the ads state “drivers who switch” but not “all drivers who get quotes” save that much money. That’s the way insurance companies can confidently state the savings. Different companies use different criteria so you should do a price quote comparison at every renewal. Because without a comparison, you cannot know which insurance companies will have better car insurance rates than you’re paying now.

Detailed coverages of your insurance policy

Having a good grasp of a insurance policy helps when choosing which coverages you need and proper limits and deductibles. Insurance terms can be impossible to understand and coverage can change by endorsement. Listed below are typical coverage types offered by insurance companies.

Medical payments coverage and PIP

Med pay and PIP coverage reimburse you for immediate expenses such as funeral costs, X-ray expenses, rehabilitation expenses and EMT expenses. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Collision coverage

Collision coverage pays for damage to your Econoline Wagon resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as sideswiping another vehicle, backing into a parked car, sustaining damage from a pot hole, hitting a mailbox and crashing into a building. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Another option is to choose a higher deductible to bring the cost down.

Comprehensive coverage

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as theft, fire damage and hitting a deer. The most your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage gives you protection when other motorists do not carry enough liability coverage. This coverage pays for injuries to you and your family and also any damage incurred to your 2005 Ford Econoline Wagon.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family.

Liability insurance

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

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 100/300/100 which means $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability insurance covers things such as medical services, structural damage and repair costs for stationary objects. How much coverage you buy is up to you, but it’s cheap coverage so purchase as large an amount as possible.

One last thing

We covered a lot of information how to lower your 2005 Ford Econoline Wagon insurance prices. The key concept to understand is the more companies you get rates for, the better likelihood of getting affordable insurance coverage. Drivers may discover the best price on insurance is with an unexpected company. Some small companies may cover specific market segments cheaper than the large multi-state companies such as State Farm or Progressive.

Cheaper 2005 Ford Econoline Wagon insurance can be found on the web and also from your neighborhood agents, and you need to comparison shop both to have the best chance of lowering rates. A few companies may not have online quoting and many times these small insurance companies sell through independent agencies.

For more information, link through to the resources below:

• Understanding Rental Car Insurance (Insurance Information Insitute)
• What are my Rights when Filing a Claim? (Insurance Information Insitute)
• Credit and Insurance Scores (Insurance Information Insitute)
• Insuring a Leased Car (Insurance Information Insitute)
• Vehicle Size and Weight FAQ (iihs.org)