Cheap 2002 Ford Econoline Cargo Car Insurance Rates

Trying to find the cheapest insurance rates for your Ford Econoline Cargo? Have you had enough of paying out the nose to insure your Ford every month? You are in the same boat as the majority of other car owners.

Since consumers have many different company options, it can be diffult for consumers to choose the lowest price car insurance company.

Ford Econoline Cargo rates influenced by many factors

It’s important that you understand the different types of things that play a part in calculating auto insurance rates. Understanding what influences your rates helps enable you to make changes that can help you get big savings.

  • Rates may be lower depending on your job – Occupations like real estate brokers, social workers and stock brokers tend to pay the highest rates in part from job stress and lengthy work days. On the other hand, professions such as farmers, students and retirees have the lowest average rates on Econoline Cargo insurance.
  • High deductibles save money – Your deductibles represent how much money you are required to spend out-of-pocket if you file a covered claim. Physical damage insurance, also known as collision and other-than-collision, protects your car from damage. A few examples of covered claims are colliding with a building, vandalism, and windstorm damage. The more you have to pay, the lower your rates will be on Econoline Cargo insurance.
  • Women pay lower rates – Statistics show women tend to be less risk to insure than men. However, this does not mean men are worse drivers. They both have accidents at about the same rate, but men have costlier accidents. Men also have more aggressive citations such as DWI and reckless driving. Teenage male drivers tend to get in the most accidents and are penalized with high auto insurance rates.
  • Teen drivers pay high rates – Mature drivers tend to be more responsible, tend to cause fewer accidents and tend to be better behind the wheel. Young drivers tend to be less responsible in a vehicle therefore auto insurance rates are much higher.
  • Do you have enough liability coverage? – Liability coverage provides coverage if ever you are found liable for personal injury or accident damage. It will provide legal defense coverage up to the limits shown on your policy. This coverage is very inexpensive when compared with rates for comp and collision, so do not cut corners here.
  • Marriage pays dividends – Being married can actually save you money on auto insurance. Having a significant other translates into being more mature and responsible and statistics show married drivers get in fewer accidents.

Compare the Market for Insurance Coverage

Effectively comparing insurance coverage prices can be a lot of work if you don’t understand the easiest way. You can waste a lot of time talking about coverages with insurance agencies in your area, or you can utilize the internet to maximize your effort.

Many popular insurance companies are enrolled in a marketplace where insurance shoppers complete one form, and every company then returns a price quote for coverage. This eliminates the need for repetitive form submissions to every company. To access this free quoting program, click here to start a free quote.

The one downside to doing it this way is that you can’t choose the insurers to get quotes from. So if you want to choose specific providers to receive pricing from, we put together a list of the cheapest insurance coverage companies in your area. Click here to view list.

Whichever method you choose, make absolute certain that you use identical coverage limits and deductibles on every quote. If you enter unequal deductibles or liability limits you will not be able to determine the lowest rate for your Ford Econoline Cargo. Quoting even small variations in insurance coverages can mean a large discrepancy in price. Just keep in mind that more quotes provides better odds of finding the best offered rates.

Beware of misleading auto insurance ads

Companies like State Farm, GEICO and Progressive continually stream ads in print and on television. All the ads make an identical promise that you’ll save big after switching your coverage to them. How does each company claim to save you money? It’s all in the numbers.

All the different companies are able to cherry pick for the driver they prefer to insure. An example of a preferred risk might be profiled as between 25 and 40, owns a home, and chooses high deductibles. Any driver who meets those qualifications gets the lowest rates and therefore will save a lot of money.

Potential customers who do not match the “perfect” profile will be charged more money and ends up with business not being written. The ads state “customers who switch” not “everybody who quotes” save that kind of money. This is how insurance companies can state the savings. That is why you should compare many company’s rates. It’s impossible to know the company that will have the lowest Ford Econoline Cargo insurance rates.

Discounts mean cheaper 2002 Ford Econoline Cargo insurance rates

Companies offering auto insurance don’t always list all their discounts very well, so we took the time to find some of the best known and the more hidden savings tricks you should be using.

  • Service Members Pay Less – Being on active duty in the military could mean lower rates.
  • Paperwork-free – A few companies give back up to $50 just for signing your application over the internet.
  • Accident Waiver – Certain companies allow you one accident without raising rates as long as you don’t have any claims for a certain period of time.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems help deter theft and therefore earn up to a 10% discount.
  • Multi-car Discount – Buying insurance for more than one vehicle on one policy can get a discount on all vehicles.
  • Senior Citizens – Older drivers may qualify for a discount up to 10% on Econoline Cargo insurance.
  • Braking Control Discount – Anti-lock brake equipped vehicles are safer to drive and earn discounts up to 10%.
  • Payment Method – If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save up to 5%.

Drivers should understand that some credits don’t apply to the entire cost. Most cut specific coverage prices like comprehensive or collision. So when the math indicates you could get a free car insurance policy, car insurance companies aren’t that generous.

Insurance companies that may offer these money-saving discounts include:

Before buying, ask all companies you are considering which discounts they offer. Discounts may not be available in every state.

Tailor your coverage to you

When buying the best car insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Everyone’s situation is a little different so your insurance needs to address that. For example, these questions could help you determine whether your personal situation might need professional guidance.

  • Can my babysitter drive my car?
  • When can I cancel my policy?
  • Am I insured when driving a different vehicle?
  • How many claims can I have before being cancelled?
  • Which is better, split liability limits or combined limits?
  • Is a fancy paint job covered?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier

Insurance coverage basics

Learning about specific coverages of your policy can be of help when determining the best coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and nobody wants to actually read their policy. Listed below are the usual coverages offered by insurance companies.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Liability – This coverage provides protection from damages or injuries you inflict on 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. As an example, you may have values of 50/100/50 which means $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability coverage pays for things such as pain and suffering, loss of income and legal defense fees. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Medical payments coverage and PIP – Med pay and PIP coverage kick in for short-term medical expenses for things like EMT expenses, nursing services and surgery. They can be utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants and also covers if you are hit as a while walking down the street. PIP coverage is not available in all states and may carry a deductible

Collision coverages – Collision coverage will pay to fix damage to your Econoline Cargo resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like crashing into a ditch, crashing into a building and colliding with another moving vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to choose a higher deductible in order to get cheaper collision rates.

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

Comprehensive can pay for claims such as damage from a tornado or hurricane, hitting a bird, hail damage and a broken windshield. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Save your cold hard cash

While you’re price shopping online, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are a lot of situations where drivers have reduced liability limits or collision coverage only to find out that the small savings ended up costing them much more. Your goal should be to purchase a proper amount of coverage at an affordable rate, not the least amount of coverage.

We covered many ideas to lower your 2002 Ford Econoline Cargo insurance rates. The most important thing to understand is the more providers you compare, the more likely it is that you will get a better rate. Consumers may even find the best price on car insurance is with a small local company. Smaller companies may often insure only within specific states and give getter rates as compared to the big name companies such as State Farm and Allstate.

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