2007 Ford Econoline Cargo Car Insurance Rates

Trying to find better insurance coverage rates for your Ford Econoline Cargo? Trying to come up with a payment for overpriced insurance coverage can diminish your accounts and require stricter spending habits. Doing a rate analysis is free, only takes a few minutes, and is a good way to lower your bills every month.

Multiple insurers compete for your insurance dollar, and it can be difficult to compare rates and get the best coverage at the best rate

Verify you’re receiving every discount

Companies that sell car insurance don’t necessarily list all disounts in an easy-to-find place, so here is a list some of the best known and the more hidden discounts that you can inquire about if you buy insurance online.

• Government Employees – Federal government employees could provide a small rate reduction on Econoline Cargo coverage with some auto insurance companies.
• Discount for Life Insurance – Larger insurance companies have a break if you buy some life insurance in addition to your auto policy.
• Telematics Discount – People who choose to allow driving data collection to analyze driving manner through the use of a telematics system such as Snapshot from Progressive or Drivewise from Allstate could save a few bucks as long as the data is positive.
• Military Deployment Discount – Having a deployed family member may lower your premium rates slightly.
• Theft Prevention System – Cars optioned with advanced anti-theft systems help deter theft and will qualify for a discount on a insurance quote.
• Anti-lock Brake System – Anti-lock brake equipped vehicles prevent accidents and the ABS can save up to 10%.
• Clubs and Organizations – Joining a professional or civic organization may earn a discount on your policy.
• Discount for Low Mileage – Driving fewer miles can qualify you for substantially lower prices.
• Defensive Driving Course – Taking a course in safe driver can save you 5% or more and make you a better driver.

Policy discounts save money, but some of the credits will not apply to the entire cost. Most only reduce the cost of specific coverages such as medical payments or collision. So despite the fact that it appears you would end up receiving a 100% discount, it’s just not the way it works.

A list of auto insurance companies and a summarized list of policyholder discounts are outlined below.

• State Farm offers premium reductions for multiple autos, good student, passive restraint, Steer Clear safe driver discount, and anti-theft.
• Farmers Insurance offers discounts including business and professional, youthful driver, early shopping, teen driver, pay in full, and multi-car.
• Progressive has savings for multi-vehicle, multi-policy, continuous coverage, online signing, and homeowner.
• Geico may offer discounts for five-year accident-free, anti-theft, defensive driver, membership and employees, federal employee, multi-policy, and emergency military deployment.
• Auto-Owners Insurance policyholders can earn discounts including paid in full, good student, multiple vehicles, anti-theft, safe vehicle, and company car.
• The Hartford discounts include bundle, air bag, vehicle fuel type, good student, defensive driver, and driver training.
• Farm Bureau offers discounts for good student, youthful driver, renewal discount, driver training, multi-vehicle, 55 and retired, and safe driver.
• USAA may have discounts that include multi-vehicle, multi-policy, good student, loyalty savings, family discount, annual mileage, and vehicle storage.

Double check with all the companies to give you their best rates. Some of the earlier mentioned discounts may not apply in every state. To choose insurance companies that have a full spectrum of discounts, click here to view.

How to lower your insurance costs

One of the most helpful ways to save on insurance is to to have a grasp of some of the elements that are used to determine the rates you pay for insurance. If you have a feel for what positively or negatively impacts your premiums, this allows you to make good choices that could result in much lower annual insurance costs.

Listed below are most of the major factors used by insurance companies to determine premiums.

• Commute or pleasure use – The higher the mileage driven annually the more you will pay for insurance. Most insurance companies price each vehicle’s coverage based upon how you use the vehicle. Cars and trucks that have low annual miles qualify for better rates than those used for commuting. It’s a good idea to make sure your vehicle rating correctly shows the correct driver usage. Having the wrong rating on your Econoline Cargo is just wasting money.
• Cut insurance rates and deter theft – Selecting a car model with a theft deterrent system can help bring down rates. Theft prevention features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping car theft.
• Having a spouse can save on insurance – Having a significant other may cut your premiums when shopping for insurance. It generally demonstrates drivers are more stable financially it has been statistically shown that drivers who are married file infrequent claims.
• Never let your insurance policy lapse – Having an insurance coverage lapse can be a sure-fire way to increase your rates. In addition to paying higher premiums, not being able to provide proof of insurance may earn you fines or a revoked license.
• Low coverage deductibles cost more – Coverage for physical damage, also known as collision and other-than-collision, helps pay for damage to your vehicle. Examples of covered claims could be a broken windshield, damage from fire, and windstorm damage. Physical damage deductibles are the amount of money you are required to spend if the claim is covered. The more expense you choose to pay out-of-pocket, the bigger discount you will receive on Econoline Cargo coverage.
• Does insurance cost more for males? – Statistics have proven females are less aggressive when driving. That doesn’t necessarily mean that females are better at driving than males. Females and males tend to get into at-fault accidents at about the same rate, but the men have costlier accidents. They also receive more major tickets such as driving while intoxicated (DWI) or driving recklessly. Youthful male drivers tend to get in the most accidents and therefore have the most expensive insurance rates.
• Less chance of injury means lower premiums – Vehicles that have high safety ratings tend to have better insurance rates. These vehicles help reduce the chance of injuries in an accident and fewer serious injuries translates directly to fewer claims passed on to you as lower rates. If your Ford Econoline Cargo has at least four stars on Safercar.gov it may be receiving lower rates.

When should I discuss my situation with an agent?

When buying coverage for your vehicles, there isn’t really a perfect coverage plan. Everyone’s situation is a little different and a cookie cutter policy won’t apply. These are some specific questions could help you determine whether you would benefit from professional advice.

• Are split liability limits better than a combined single limit?
• How much can I save by bundling my policies?
• Do I need medical payments coverage since I have good health insurance?
• Is my 2007 Ford Econoline Cargo covered for smoke damage?
• How can I find cheaper teen driver insurance?
• Do I need to file an SR-22 for a DUI in my state?
• How many claims can I have before being cancelled?
• Do I pay less if my vehicle is kept in my garage?
• Is my business laptop covered if it gets stolen from my vehicle?
• Should I sign the liability waiver when renting a car?

If you can’t answer these questions, you may need to chat with an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies. It is quick, free and can help protect your family.

Smaller companies may have the best rates

Consumers can’t get away from ads for cheaper auto insurance by companies like Geico, State Farm and Progressive. All the ads have a common claim about saving some big amount if you get a free insurance quote and switch to their company.

How can each company lower your prices? It’s all in the wording.

Auto insurance companies have specific guidelines for the driver that will generate a profit. One example of a preferred risk should be a married male, carries high limits, and insures a new vehicle. Someone who meets those qualifications will most likely get cheap car insurance rates and will most likely save some money.

Drivers who don’t meet this ideal profile may be required to pay a more expensive rate and this results in the prospect going elsewhere. The ads say “customers that switch” not “all people who quote” will save that much if they switch. That’s why insurance companies can confidently make it sound like they have such great rates.

Because of this risk profiling, you should get as many free insurance quotes as possible. It’s just not possible to know with any certainty which company will have better prices than you’re paying now.

Auto insurance policy coverages for a 2007 Ford Econoline Cargo

Having a good grasp of auto insurance can help you determine the right coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Below you’ll find the usual coverages found on the average auto insurance policy.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants and also any damage incurred to your Ford Econoline Cargo.

Because many people carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is very important. Normally these limits are identical to your policy’s liability coverage.

Liability

This coverage protects you from injuries or damage you cause to other people or property in an accident. It protects YOU against claims from other people. It does not cover your injuries or vehicle damage.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Occasionally you may see a combined limit that pays claims from the same limit without having the split limit caps.

Liability can pay for claims like funeral expenses, repair bills for other people’s vehicles, court costs and attorney fees. How much coverage you buy is up to you, but consider buying as large an amount as possible.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance pay for immediate expenses for things like prosthetic devices, EMT expenses and ambulance fees. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive coverage

Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like theft, vandalism and rock chips in glass. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Collision protection

Collision coverage covers damage to your Econoline Cargo resulting from a collision 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 can pay for claims such as colliding with another moving vehicle, scraping a guard rail, sustaining damage from a pot hole, crashing into a ditch and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to raise the deductible to bring the cost down.

Buy online or local, you save

Lower-priced 2007 Ford Econoline Cargo insurance can be bought from both online companies in addition to local insurance agencies, and you should compare rates from both in order to have the best chance of saving money. A few companies do not provide the ability to get quotes online and many times these smaller providers only sell coverage through independent agents.

Throughout this article, we presented a lot of information how to reduce 2007 Ford Econoline Cargo insurance prices online. The most important thing to understand is the more rate quotes you have, the better your comparison will be. Consumers may even find the lowest priced insurance coverage comes from the smaller companies. Regional companies often have lower rates on specific markets compared to the large companies like Allstate and Progressive.

More detailed insurance coverage information can be found in these articles:

• Bodily Injury Coverage (Liberty Mutual)
• Auto Insurance 101 (About.com)
• What does Personal Injury Protection (PIP) Cover? (Allstate)
• Older Driver Statistics (Insurance Information Insitute)
• Credit and Insurance Scores (Insurance Information Insitute)
• How to Avoid Staged Accidents (State Farm)