How Much Does 2002 Ford Econoline Wagon Car Insurance Cost?

I can’t think of anyone who looks forward to buying car insurance, especially knowing their premiums are through the roof.

Online insurance companies like State Farm, Allstate, Geico and Progressive increase brand awareness with ad campaigns and consumers find it hard to ignore the flashy ads and find the best price available.

Smart consumers take time to check car insurance prices periodically since insurance rates are variable and change quite frequently. Despite the fact that you may have had the best deal on Econoline Wagon coverage on your last policy you can probably find a lower rate today. Starting right now, forget anything you know (or think you know) about car insurance because you’re going to learn the best way to properly buy coverages and cut your premium.

If you have car insurance now, you will most likely be able to cut costs considerably using this information. Buying car insurance is quite easy. But vehicle owners can benefit from knowing how insurance companies determine prices and apply this information to your search.

More discounts equal less premium

Companies that sell car insurance don’t list every available discount very clearly, so we break down both well-publicized and also the lesser-known discounts you could be receiving.

  • Pay Upfront and Save – If you pay your bill all at once instead of monthly or quarterly installments you could save 5% or more.
  • New Vehicle Savings – Putting insurance coverage on a new car is cheaper because new vehicles have to meet stringent safety requirements.
  • Service Members Pay Less – Being deployed with a military unit can result in better rates.
  • Student in College – Kids in college who are attending college without a vehicle on campus may qualify for this discount.
  • Passive Restraints – Cars that have air bags or motorized seat belts can receive discounts up to 30%.

Consumers should know that most of the big mark downs will not be given to the entire cost. Most cut the cost of specific coverages such as comprehensive or collision. Even though it may seem like having all the discounts means you get insurance for free, you’re out of luck.

For a list of providers with the best car insurance discounts, follow this link.

What determines your Ford Econoline Wagon insurance premium

It’s important that you understand the rating factors that go into determining the rates you pay for insurance. Knowing what controls the rates you pay helps enable you to make changes that can help you get lower insurance prices.

  • Males pay more for insurance – Statistics have proven women are more cautious behind the wheel. That doesn’t necessarily mean that men are worse drivers. Men and women tend to get into accidents at about the same rate, but men cause more damage. Men also receive more costly citations like DUI and reckless driving. Male drivers age 16 to 19 tend to get in the most accidents and therefore have the most expensive insurance rates.
  • Pay less if you’re married – Having a spouse can actually save you money on your policy. It means you’re more mature than a single person and it’s statistically proven that married drivers get in fewer accidents.
  • Multi-policy discounts can save money – The majority of insurance companies will give a discount to policyholders who consolidate policies with them such as combining an auto and homeowners policy. Discounts can be 10 percent or more. Even if you’re getting this discount it’s in your best interest to comparison shop to ensure the best deal.
  • Big city or small town – Living in small towns and rural areas is a positive aspect when buying insurance. Urban drivers have to deal with more traffic problems and a longer drive to work. Less people living in that area means reduced accidents and a lower car theft rate.
  • Extra coverages can waste money – There are a ton of extra bells and whistles that you can buy when buying insurance. Insurance for rental car reimbursement, towing coverage and term life insurance are some examples. They may seem good at first, but if they’re wasting money eliminate the coverages to reduce your premium.

It’s not one size fits all

When buying adequate coverage for your vehicles, there really is not a best way to insure your cars. Coverage needs to be tailored to your specific needs so this has to be addressed. These are some specific questions can aid in determining whether your personal situation would benefit from an agent’s advice.

  • What companies insure drivers after a DUI or DWI?
  • How do I buy GAP insurance?
  • What is the minimum liability in my state?
  • What if I total my 2002 Ford Econoline Wagon and owe more than it’s worth?
  • Am I covered when delivering products for my home-based business?
  • Does my insurance cover my expensive audio equipment?
  • Is motorclub coverage worth it?
  • Does insurance cover tools stolen from my truck?
  • What if I don’t agree with a claim settlement offer?

If you’re not sure about those questions but a few of them apply, you might consider talking to a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier

Do you really save 40% when you switch?

Insurance coverage providers like Allstate, Geico and Progressive constantly bombard you with television and radio advertisements. They all have a common claim that you’ll save big if you switch your coverage to them. How can each company make the same claim? This is how they do it.

All companies can use profiling for the driver that earns them a profit. An example of a profitable customer might be a mature driver, has no tickets, and has great credit. A driver who matches those parameters will qualify for the lowest rates and is almost guaranteed to save quite a bit of money when switching.

Drivers who fall outside these standards will be charged higher prices which leads to the customer not buying. The ads say “drivers who switch” not “everyone that quotes” save that kind of money. That’s the way companies can advertise the savings. That is why you should get as many quotes as possible. It’s impossible to know the company that will provide you with the cheapest Ford Econoline Wagon insurance rates.

Car insurance coverages for a 2002 Ford Econoline Wagon

Knowing the specifics of your policy can be of help when determining the right coverages and the correct deductibles and limits. Auto insurance terms can be ambiguous and coverage can change by endorsement. These are typical coverages offered by auto insurance companies.

Liability – This coverage provides protection from injuries or damage you cause to a person or their property that is your fault. This insurance protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different 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 25/50/25 that translate to 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.

Liability coverage protects against claims such as funeral expenses, structural damage, medical expenses, pain and suffering and repair costs for stationary objects. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses such as EMT expenses, pain medications, X-ray expenses and surgery. They are utilized in addition to your health insurance program or if you lack health insurance entirely. It covers both the driver and occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive protection – This pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as vandalism, hitting a deer, hail damage and hitting a bird. The maximum amount your auto insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision coverage – This pays for damage to your Econoline Wagon resulting from a collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things like colliding with a tree, colliding with another moving vehicle, hitting a mailbox and driving through your garage door. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Uninsured or underinsured coverage – This provides protection when other motorists 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 Econoline Wagon.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

In any little way, save everyday

We just covered a lot of ways to lower your 2002 Ford Econoline Wagon insurance rates. The key thing to remember is the more rate comparisons you have, the higher the chance of saving money. Consumers could even find that the best price on insurance coverage is with some of the smallest insurance companies. Some small companies can often insure niche markets at a lower cost as compared to the big name companies such as State Farm, Geico and Nationwide.

While you’re price shopping online, it’s not a good idea to sacrifice coverage to reduce premiums. There have been many cases where an insured cut full coverage and discovered at claim time that they should have had better coverage. The ultimate goal is to get the best coverage possible at a price you can afford while not skimping on critical coverages.

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