1998 Ford E-150 Car Insurance Cost

Comparison shopping for insurance coverage can seem to be challenging for people who are new to comparison shopping online. People have so many companies to choose from that it can be a lot of work to locate the lowest price.

Parts of the Ford E-150 rate equation

Smart consumers have a good feel for the different types of things that play a part in calculating the price you pay for insurance coverage. Understanding what impacts premium levels empowers consumers to make smart changes that may reward you with much lower annual insurance costs.

  • More miles equals more premium – The higher the mileage driven every year the more you’ll pay to insure your vehicle. Almost all companies apply a rate based on how the vehicle is used. Cars and trucks that are left in the garage receive lower rates than vehicles that are driven to work every day. Verify your insurance coverage declarations sheet is rated on the correct usage for each vehicle, because improper ratings can cost you money. Incorrect usage on your E-150 may be costing you.
  • Don’t skimp on liability – Your policy’s liability coverage will protect you if ever you are found liable for personal injury or accident damage. Liability insurance provides for a legal defense starting from day one. This coverage is very inexpensive as compared to coverage for physical damage, so drivers should carry high limits.
  • A lapse in coverage is a bad thing – Not having insurance can get your license suspended and you will pay a penalty because you let your coverage lapse. And not only will your rates increase, but being ticketed for driving with no insurance may earn you a steep fine or even jail time.You may then be required to prove you have insurance by filing a SR-22 with your state DMV.
  • Clean credit earns discounts – Having a bad credit rating is a big factor in determining what you pay for insurance coverage. People with excellent credit tend to be more responsible than drivers who have lower credit ratings. If your credit history can use some improvement, you could be paying less to insure your 1998 Ford E-150 by improving your rating.
  • Save money with special equipment – Choosing a vehicle with an alarm system can help bring down rates. Anti-theft devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart auto theft.
  • Lower deductibles cost more – Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Ford. Some instances where coverage would apply would be collision with another vehicle, vandalism, and rolling your vehicle. Your deductibles are how much you are required to spend out-of-pocket before a claim is paid by your company. The more expense you are required to pay out-of-pocket, the bigger discount you will receive on E-150 coverage.
  • Choose a safe vehicle and save – Vehicles with high crash test scores can get you lower premiums. Safer cars reduce injuries and any reduction in injury severity translates into savings for insurance companies and lower rates for you. If your Ford has ratings of a minimum four stars on Safercar.gov you are probably receiving a discount.

The fastest way that we advise to compare rates is to realize all the major auto insurance companies actually pay money for the chance to compare rate quotes. The only thing you need to do is give them rating details like what you do for a living, whether your vehicle is owned or leased, how much you drive, and which vehicles you own. That information is submitted instantly to many of the top insurers and they provide comparison quotes with very little delay.

Do you really save 40% when you switch?

Insurance providers like Allstate and Progressive regularly use ads on television and other media. They all say the same thing that you’ll save big if you move your coverage to them. But how can every company say the same thing? It’s all in the numbers.

Insurance companies have a preferred profile for the driver they prefer to insure. For example, a profitable customer could possibly be between the ages of 40 and 55, is a homeowner, and has a high credit rating. A customer who matches those parameters gets the lowest rates and most likely will save quite a bit of money when switching.

Potential insureds who are not a match for the “perfect” profile will have to pay a more expensive rate and ends up with the driver buying from a lower-cost company. The ads state “drivers who switch” not “people who quote” save that much money. That’s why companies can truthfully advertise the savings.

Because of the profiling, you should get a wide range of price quotes. It’s just too difficult to predict which insurance company will provide you with the cheapest Ford E-150 insurance rates.

How much can you save with discounts?

The cost of insuring your cars can be expensive, but you may find discounts that you may not even be aware of. Certain discounts will be applied when you purchase, but lesser-known reductions have to be asked about prior to getting the savings.

  • Pay Upfront and Save – If you pay your entire premium ahead of time instead of monthly or quarterly installments you can actually save on your bill.
  • Drive Safe and Save – Insureds without accidents may save up to 50% more on E-150 coverage than drivers with accident claims.
  • One Accident Forgiven – A few companies allow you one accident before raising your premiums if your claims history is clear for a particular time prior to the accident.
  • Air Bag Discount – Factory air bags can receive discounts of more than 20%.
  • Bundle and Save – When you have multiple policies with the same insurance company you may save approximately 10% to 15%.
  • Employee of Federal Government – Active or retired federal employment can save as much as 8% on E-150 coverage with certain companies.

Drivers should understand that most discount credits are not given to the entire cost. Most only reduce individual premiums such as liability, collision or medical payments. So even though they make it sound like having all the discounts means you get insurance for free, you’re out of luck. Any qualifying discounts will help reduce the cost of coverage.

Car insurance companies who might offer these discounts include:

Check with each insurance company what discounts are available to you. Savings might not apply in your area.

How much car insurance do I need?

When it comes to buying proper insurance coverage for your vehicles, there really is no “best” method to buy coverage. Everyone’s situation is a little different.

These are some specific questions can help discover whether your personal situation would benefit from professional advice.

  • Is a fancy paint job covered?
  • Am I covered if I crash into my own garage door?
  • Am I covered when driving on a suspended license?
  • What is PIP insurance?
  • Am I covered if my car is in a flood?
  • How can I force my company to pay a claim?
  • Do all my vehicles need collision coverage?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to an agent. To find an agent in your area, fill out this quick form.

The coverage is in the details

Having a good grasp of your car insurance policy can help you determine appropriate coverage and proper limits and deductibles. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Liability

This coverage can cover injuries or damage you cause to a person or their property. It protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 25/50/25 which means $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Alternatively, you may have a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage protects against claims such as pain and suffering, repair costs for stationary objects and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a personal decision, but you should buy as high a limit as you can afford.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP kick in for short-term medical expenses for things like X-ray expenses, prosthetic devices and surgery. The coverages can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Ford E-150.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Most of the time the UM/UIM limits do not exceed the liability coverage limits.

Comprehensive insurance

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like theft, a tree branch falling on your vehicle, rock chips in glass and damage from a tornado or hurricane. The highest amount you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision coverage protection

This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like crashing into a building, scraping a guard rail and colliding with another moving vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

More effort can pay off

Consumers who switch companies do it for a number of reasons such as policy non-renewal, an unsatisfactory settlement offer, delays in responding to claim requests and policy cancellation. No matter why you want to switch, choosing a new insurance company can be less work than you think.

Discount 1998 Ford E-150 insurance can be found both online as well as from independent agents, and you should compare price quotes from both to have the best selection. Some insurance providers don’t offer online quoting and these smaller companies work with independent agents.

Throughout this article, we presented many ideas to lower your insurance rates. It’s most important to understand that the more rate comparisons you have, the higher the chance of saving money. You may even find the lowest priced auto insurance comes from the smaller companies.

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