Are you sick and tired of paying out the nose to insure your Ford every month? You are in the same boat as most other car owners.
Having so many online and local companies to choose from, it’s nearly impossible to choose the best insurance company.
The purpose of this article is to help educate you on how to get online quotes and some money-saving tips. If you have car insurance now, you will be able to cut costs considerably using these techniques. But drivers do need to learn the methods companies use to sell insurance online and use this information to your advantage.
Car insurance is not cheap, but companies offer discounts to reduce the price significantly. Certain discounts will be triggered automatically at the time of purchase, but some may not be applied and must be specifically requested before you will receive the discount.
It’s important to understand that some of the credits will not apply to the overall cost of the policy. Some only reduce specific coverage prices like physical damage coverage or medical payments. So even though they make it sound like all those discounts means the company will pay you, you’re out of luck. But all discounts will help reduce the amount you have to pay.
Insurance companies that possibly offer some of the above discounts may include but are not limited to:
Before buying, ask every prospective company which discounts they offer. Savings might not be offered in your area.
When buying the right insurance coverage, there isn’t really a “perfect” insurance plan. Everyone’s needs are different so your insurance needs to address that. For instance, these questions can help discover if you would benefit from an agent’s advice.
If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier
Understanding the coverages of your policy helps when choosing which coverages you need and proper limits and deductibles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Shown next are the normal coverages offered by insurance companies.
Insurance for medical payments
Med pay and PIP coverage pay for immediate expenses like funeral costs, EMT expenses, ambulance fees, nursing services and hospital visits. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. They cover you and your occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay
Coverage for liability
This coverage protects you from injuries or damage you cause to people or other property in an accident. This insurance protects YOU from claims by other people, and does not provide coverage for damage to your own property or vehicle.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 100/300/100 which means a $100,000 limit per person for injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.
Liability coverage protects against claims such as medical services, court costs and legal defense fees. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.
This pays for damage to your E-150 resulting from a collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage pays for claims such as backing into a parked car, hitting a parking meter, crashing into a building and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Another option is to choose a higher deductible to save money on collision insurance.
Comprehensive coverage (or Other than Collision)
This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things like hitting a deer, theft, vandalism and damage from flooding. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Uninsured Motorist or Underinsured Motorist insurance
This protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your Ford E-150.
Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently the UM/UIM limits are similar to your liability insurance amounts.
Cheaper 1997 Ford E-150 insurance can be bought online as well as from independent agents, so compare prices from both to have the best selection. A few companies don’t offer the ability to get a quote online and many times these small insurance companies only sell through independent insurance agents.
In this article, we presented a lot of techniques to get a better price on insurance. The key concept to understand is the more companies you get rates for, the better your chances of lowering your rates. Drivers may discover the biggest savings come from a small local company. Some small companies often have lower prices on specific markets as compared to the big name companies such as Progressive and Geico.