1992 Ford F-150 Insurance Cost – 7 Savings Tips

Searching for better insurance rates for your Ford F-150? Having to pay for overpriced Ford F-150 insurance can empty your savings account and make it hard to pay other bills. Comparing price quotes is free, only takes a few minutes, and is a good way to reduce premiums and put more money in your pocket. There are many car insurance companies to choose from, and although it’s a good thing to be able to choose, so many choices can make it hard to compare rates and cut insurance costs.

These seven discounts can slash insurance rates

The price of auto insurance can be rather high, but companies offer discounts to cut the cost considerably. Most are applied when you quote, but some must be specifically requested before you get the savings. If they aren’t giving you every credit you deserve, you are paying more than you should be.

  • Accident Forgiveness – A few companies will allow you to have one accident before hitting you with a surcharge if your claims history is clear for a certain period of time.
  • More Vehicles More Savings – Insuring multiple cars or trucks on the same insurance policy could earn a price break for each car.
  • Homeowners Pay Less – Simply owning a home may earn you a small savings because of the fact that having a home demonstrates responsibility.
  • Clubs and Organizations – Being a member of a professional or civic organization may earn a discount when shopping for insurance on F-150 insurance.
  • Theft Prevention System – Cars that have factory anti-theft systems prevent vehicle theft and earn discounts up to 10%.
  • Save with a New Car – Adding a new car to your policy can be considerably cheaper since new cars are generally safer.
  • Discount for Life Insurance – Companies who offer life insurance give better rates if you take out life insurance from them.

Drivers should understand that most of the big mark downs will not be given the the whole policy. Some only reduce specific coverage prices like medical payments or collision. Just because you may think you can get free auto insurance, insurance companies aren’t that generous. But all discounts will help reduce your overall premium however.

For a list of insurers with discount insurance rates, click here to view.

When might I need the advice of an agent?

When buying adequate coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is a little different so your insurance needs to address that. For example, these questions might help in determining whether your personal situation would benefit from an agent’s advice.

  • Are rock chip repairs covered?
  • Is my 1992 Ford F-150 covered for smoke damage?
  • I don’t drive much so do I pay less?
  • Is my teen driver covered when they drive my company car?
  • Can I drive in Mexico and have coverage?
  • Is motorclub coverage worth it?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • If my 1992 Ford F-150 is totaled, can I afford another vehicle?
  • When should my teen driver be added to my policy?
  • Why am I required to buy high-risk coverage?

If it’s difficult to answer those 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 only takes a few minutes and may give you better protection.

Don’t be fooled by advertising claims

Consumers can’t get away from ads that promise big savings by companies like 21st Century, Allstate and State Farm. They all make an identical promise that you can save if you change to them.

How do they all make the same claim? This is how they do it.

All companies can use profiling for the driver they prefer to insure. For instance, a preferred risk might be profiled as between the ages of 30 and 50, owns a home, and has excellent credit. A customer who matches those parameters will get the preferred rates and therefore will save a lot of money.

Potential insureds who don’t meet the requirements will be charged higher prices which usually ends up with the customer not buying. Company advertisements say “customers that switch” not “everybody who quotes” save money. That’s why insurance companies can claim big savings.

That is why it is so important to compare many company’s rates. It’s not possible to predict which company will give you the biggest savings on Ford F-150 insurance.

Specifics of your auto insurance policy

Having a good grasp of a auto insurance policy can help you determine the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. These are typical coverage types available from auto insurance companies.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your 1992 Ford F-150.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually these limits do not exceed the liability coverage limits.

Comprehensive insurance

This coverage pays for damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as rock chips in glass, hail damage and hitting a deer. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance pay for immediate expenses such as chiropractic care, funeral costs, pain medications and EMT expenses. They can be used to fill the gap from your health insurance program or if you do not have health coverage. It covers not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

Liability insurance

This provides protection from damages or injuries you inflict on other people or property that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 50/100/50 that translate to a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Another option is a combined single limit or CSL which limits claims to one amount without having the split limit caps.

Liability insurance covers things such as structural damage, attorney fees, loss of income and emergency aid. How much coverage you buy is up to you, but consider buying as large an amount as possible.

Collision protection

This coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage protects against things like colliding with another moving vehicle, scraping a guard rail, driving through your garage door and rolling your car. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Drivers also have the option to increase the deductible to get cheaper collision coverage.

The best insurance company isn’t always the cheapest

Discount 1992 Ford F-150 insurance is attainable from both online companies in addition to many insurance agents, and you need to comparison shop both to have the best rate selection. There are still a few companies who do not provide online quoting and most of the time these small, regional companies sell through independent agents.

When buying insurance coverage, make sure you don’t buy poor coverage just to save money. There are many occasions where an insured cut liability limits or collision coverage and learned later that the small savings ended up costing them much more. The ultimate goal is to find the BEST coverage at the best price.

Additional detailed information can be found in the articles below: