Cheap 2001 Ford Ranger Car Insurance Rates

Sick and tired of scraping the payment together to buy car insurance? You are no different than millions of other consumers.

Multiple insurance companies compete to insure your vehicles, so it can be very hard to choose a insurance company to discover the definitive cheapest price

Consumers need to take a look at other company’s rates at least once a year since insurance rates are constantly changing. Even if you think you had the best price for Ranger insurance six months ago you will most likely find a better rate today. Forget all the misinformation about insurance coverage because you’re about to find out the quickest way to properly buy coverages while reducing your premium.

If you currently have a car insurance policy, you will most likely be able to reduce your rates substantially using these techniques. Buying car insurance is quite easy. But consumers do need to learn how big insurance companies market on the web and use this information to your advantage.

Discounts to lower Ford Ranger insurance rates

The price of auto insurance can be rather high, but you may find discounts to reduce the price significantly. Most are applied at the time you complete a quote, but less common discounts must be manually applied before you get the savings.

  • Safe Driver Discount – Safe drivers can get discounts for up to 45% lower rates for Ranger insurance than drivers with accident claims.
  • Accident Waiver – A few companies allow you one accident without raising rates as long as you don’t have any claims prior to the accident.
  • Auto/Life Discount – Larger companies have better rates if you take out life insurance.
  • Multi-policy Discount – When you combine your home and auto insurance with one company you may earn approximately 10% to 15%.
  • Distant Student – Any of your kids living away from home attending college and do not have access to a covered vehicle can receive lower rates.
  • Defensive Driving Course – Successfully completing a defensive driving course could cut 5% off your bill and easily recoup the cost of the course.
  • Driver’s Ed – Cut your cost by having your teen driver enroll in driver’s education if it’s offered in school.
  • No Accidents – Good drivers with no accidents can earn big discounts compared to drivers who are more careless.
  • Military Discounts – Being deployed with a military unit could mean lower rates.

As a disclaimer on discounts, most discount credits are not given to the overall cost of the policy. The majority will only reduce specific coverage prices like comprehensive or collision. So even though they make it sound like all those discounts means the company will pay you, companies don’t profit that way. Any qualifying discounts will cut your premiums.

To see a list of companies offering auto insurance discounts, click here.

Comprehensive Insurance Coverage Comparison

The are a couple different ways of comparing rates and find the best price. The simplest method to find competitive 2001 Ford Ranger insurance rates consists of obtaining rate quotes online. This can be done in several different ways.

The recommended way to compare a lot of rates at once is a comparison rater form (click to open form in new window). This easy form eliminates the need for boring form submissions for every insurance coverage company. In just a few minutes this one form gets you price quotes from all major companies.

A more difficult way to get quotes online is spending the time to visit each individual company website to complete their respective quote request forms. For sake of this example, we’ll assume you want to compare rates from State Farm, Allstate and GEICO. To find out each rate you need to spend time on each company’s site and enter your policy data, and that’s why the first method is more popular. For a handy list of car insurance company links in your area, click here.

The least efficient method of getting rate comparisons is to spend time driving to insurance agents’ offices. The ability to buy insurance online can eliminate the need for a local agent unless you have a need for the personal advice only provided by licensed agents. Drivers can get prices online but buy from a local insurance agent and we’ll cover that in a bit.

Which method you use is up to you, but ensure you’re using exactly the same coverage limits and deductibles for every quote you compare. If you use higher or lower deductibles you will not be able to determine the best price for your Ford Ranger. Having just a slight variation in coverages can result in a big premium difference. Just remember that comparing a large number of companies helps locate better pricing.

Impacting insurance rates for a Ford Ranger

It’s important that you understand the rating factors that come into play when calculating your insurance coverage rates. Knowing what determines base rates empowers consumers to make smart changes that could result in lower insurance coverage prices.

The list below includes a partial list of the pieces used by your company to calculate premiums.

  • Pleasure use or commuting – The higher the mileage driven each year the higher your rate. Most companies apply a rate based on how the vehicle is used. Cars and trucks left parked in the garage qualify for better rates than those used for commuting. Make sure your insurance coverage declarations sheet properly reflects the correct usage for each vehicle. If your policy improperly rates your Ranger may be costing you.
  • Pay less if you’re married – Having a wife or husband actually saves money on your policy. Having a significant other usually means you are more mature and it’s proven that drivers who are married are more cautious.
  • Do you need the policy add-ons? – There are quite a few additional coverages that can waste your money on your 2001 Ranger policy. Things like roadside assistance, accident forgiveness and motor club memberships are examples of these. These coverages may sound good at first, but if you don’t need them remove them from your policy.
  • Drive a safer car and pay less – Safer cars are cheaper to insure. The safest vehicles have better occupant injury protection and fewer injuries translates into fewer and smaller insurance claims and thus lower rates. If the Ford Ranger earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.
  • Car features impact rates – Driving a car with an alarm system can help bring down rates. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder your vehicle from being stolen.
  • Discounts for multiple policies – The majority of companies provide better rates to policyholders who have multiple policies with them. It’s known as a multi-policy discount. This can amount to anywhere from five to ten percent in most cases. Even though this discount sounds good, you still need to compare rates to ensure the best deal. Consumers may find a better deal by buying insurance from more than one company.

Tailor your coverage to you

When buying adequate coverage, there isn’t really a cookie cutter policy. Every insured’s situation is different and your policy should reflect that. Here are some questions about coverages that may help highlight whether or not you would benefit from an agent’s advice.

  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • I have a DUI can I still get coverage?
  • What can I do if my company won’t pay a claim?
  • Do I have any recourse if my insurance company denies a claim?
  • What vehicles should carry emergency assistance coverage?
  • Can I get a multi-policy discount?
  • Do I have coverage when pulling a U-Haul trailer?
  • Is my teenager covered with friends in the car?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of auto insurance companies in your area.

Advertising myths

Car insurance providers like Allstate, GEICO and Progressive regularly use television and radio advertisements. They all make the same claim about savings if you move your policy. How do they all make the same claim? This is how they do it.

Different companies have a preferred profile for the type of driver that is profitable for them. For example, a preferred risk could be over the age of 40, is a homeowner, and has great credit. A customer getting a price quote who fits that profile gets the lowest rates and therefore will save when switching.

Consumers who do not match these standards must pay higher rates which leads to business going elsewhere. The ad wording is “drivers who switch” not “everyone that quotes” save that much money. That is how insurance companies can confidently make the claims of big savings.

This illustrates why it is so important to get a wide range of price quotes. It’s not possible to predict which car insurance company will provide you with the cheapest Ford Ranger insurance rates.

Coverages available on your policy

Understanding the coverages of a auto insurance policy can be of help when determining the right coverages and proper limits and deductibles. The terms used in a policy can be confusing and nobody wants to actually read their policy. Listed below are the normal coverages offered by auto insurance companies.

Medical costs insurance

Medical payments and Personal Injury Protection insurance reimburse you for expenses for things like X-ray expenses, doctor visits and EMT expenses. The coverages can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Liability coverages

This coverage provides protection from damage that occurs to other people or property. This coverage protects you from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 25/50/25 which means a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability insurance covers things like court costs, repair bills for other people’s vehicles, repair costs for stationary objects, pain and suffering and bail bonds. How much liability should you purchase? That is a decision to put some thought into, but consider buying higher limits if possible.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your Ford Ranger.

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 is very important. Usually these limits do not exceed the liability coverage limits.

Auto collision coverage

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

Collision insurance covers things like crashing into a building, hitting a mailbox, backing into a parked car, colliding with another moving vehicle and scraping a guard rail. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. You can also bump up the deductible to get cheaper collision coverage.

Comprehensive or Other Than Collision

Comprehensive insurance pays to fix your vehicle from 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 things such as a tree branch falling on your vehicle, a broken windshield and fire damage. The highest amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Compare but don’t skimp

Budget-conscious 2001 Ford Ranger insurance can be sourced from both online companies and with local insurance agents, and you should compare price quotes from both to have the best rate selection. Some insurance companies do not offer you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.

We just covered some good ideas how you can reduce insurance prices online. It’s most important to understand that the more companies you get rates for, the better likelihood of reducing your rate. You may even find the best prices are with a lesser-known regional company. Regional companies can often provide lower rates in certain areas than their larger competitors like Allstate, GEICO and Progressive.

For more information, feel free to browse the following helpful articles: