Cheaper 1994 Ford Ranger Insurance Rates

Trying to find lower auto insurance rates for your Ford Ranger? Did budget coverage turn out to be an expensive auto insurance policy? It’s quite common and many consumers are in the same pinch. Companies like Allstate and Progressive continually hit you with advertising and it is challenging if not impossible to avoid their marketing magic and effectively compare rates to find the best deal.

It is always a good idea to get comparison quotes before your policy renews because prices fluctuate regularly. Just because you found the best deal on Ranger coverage two years ago you will most likely find a better rate quote today. Forget all the misinformation about auto insurance because you’re going to learn the proper way to remove unneeded coverages and save money.

Use discounts to get cheaper auto insurance rates

Some companies do not list every policy discount very well, so here is a list a few of the more well known as well as some of the hidden discounts you could be receiving when you buy insurance online.

  • Fewer Miles Equal More Savings – Low annual miles may enable drivers to earn slightly better premium rates than normal.
  • Student Discounts – Being a good student can be rewarded with saving of up to 25%. Most companies allow this discount well after school through age 25.
  • Early Renewal Discounts – Some companies provide a discount for switching to them before your current coverage expires. It can save you around 10%.
  • Organization Discounts – Having an affiliation with a qualifying organization is a simple method to lower premiums on your next renewal.
  • Policy Bundle Discount – If you combine your homeowners and auto policies with the same company you will save approximately 10% to 15%.
  • Theft Deterent System – Cars equipped with tracking devices and advanced anti-theft systems prevent vehicle theft and earn discounts up to 10% off your insurance quote.
  • Student Driver Training – Have your child enroll and complete driver’s education in school.
  • Resident Student – who attend college more than 100 miles from home and won’t have access to an insured vehicle may qualify for this discount.
  • One Accident Forgiven – This isn’t a discount exactly, but certain companies may permit one accident without the usual rate increase so long as you are claim-free for a certain period of time.
  • Anti-lock Brake Discount – Vehicles equipped with ABS or steering control can stop better under adverse conditions and qualify for as much as a 10% discount.

You should keep in mind that most credits do not apply to the entire policy premium. Most only apply to specific coverage prices like liability and collision coverage. Despite the appearance that adding up those discounts means a free policy, auto insurance companies aren’t that generous.

A list of auto insurance companies and a selection of discounts are:

  • State Farm discounts include accident-free, good student, good driver, Drive Safe & Save, and multiple policy.
  • Farmers Insurance offers discounts including multi-car, business and professional, homeowner, youthful driver, alternative fuel, and good student.
  • Geico has discounts for military active duty, daytime running lights, multi-policy, driver training, and five-year accident-free.
  • American Family policyholders can earn discounts including defensive driver, TimeAway discount, Steer into Savings, early bird, good student, air bags, and good driver.
  • Nationwide may have discounts that include defensive driving, Farm Bureau membership, easy pay, family plan, good student, and accident-free.
  • Progressive offers premium reductions for multi-policy, online signing, good student, continuous coverage, homeowner, and multi-vehicle.

Double check with every insurance company which discounts you may be entitled to. Depending on the company, some discounts might not apply in every state. To locate auto insurance companies that offer discounts, click here.

How to get the cheapest insurance

There are a lot of ways to compare insurance quotes, but one way is less labor-intensive and much quicker. You can waste a lot of time talking about coverages with local insurance agents in your area, or you could use online quoting to quickly compare rates.

Most car insurance companies belong to an insurance system that allows shoppers to complete one form, and at least one company returns a competitive quote. This prevents consumers from doing form submissions to each company.

To enter your information into the quoting system, click to open in new window.

The one downside to pricing coverage this way is you are unable to specify which insurance companies to get pricing from. If you would rather choose from a list of companies to compare, we have a page of companies who write insurance in your area. Click here to view list.

Which method you use is up to you, but be sure to compare nearly identical quote data for every quote you compare. If you have higher or lower deductibles you can’t possibly make a fair rate comparison.

Tailor your insurance coverage to you

When choosing adequate coverage for your personal vehicles, there really is not a perfect coverage plan. Your needs are not the same as everyone else’s so your insurance needs to address that. For example, these questions might point out whether you might need an agent’s assistance.

  • What is the minimum liability in my state?
  • What if I don’t agree with a claim settlement offer?
  • Am I covered if hit by an uninsured driver?
  • How can I find cheaper teen driver insurance?
  • When should I not file a claim?
  • Is my 1994 Ford Ranger covered for flood damage?
  • How much liability do I need to cover my assets?
  • Does my policy cover me when driving someone else’s vehicle?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to an agent. To find an agent in your area, take a second and complete this form or click here for a list of insurance companies in your area. It only takes a few minutes and can provide invaluable advice.

Auto insurance 101

Knowing the specifics of your auto insurance policy can help you determine the right coverages and proper limits and deductibles. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. These are typical coverage types found on the average auto insurance policy.

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

Comprehensive insurance covers claims like damage from a tornado or hurricane, a broken windshield, hail damage and damage from flooding. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance pay for bills such as EMT expenses, funeral costs, chiropractic care and doctor visits. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants and will also cover if you are hit as a while walking down the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist coverage – This provides protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Usually these coverages are set the same as your liablity limits.

Collision – Collision coverage pays for damage to your Ranger from colliding with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like hitting a parking meter, scraping a guard rail, crashing into a ditch and backing into a parked car. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Another option is to raise the deductible to save money on collision insurance.

Liability car insurance – Liability coverage provides protection from damage or injury you incur to a person or their property in an accident. It protects YOU from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Some companies may use a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability insurance covers things like court costs, structural damage, loss of income, repair costs for stationary objects and funeral expenses. How much liability should you purchase? That is your choice, but buy as large an amount as possible.

Coverage on a shoestring budget

We covered a lot of ways to shop for 1994 Ford Ranger insurance online. The most important thing to understand is the more providers you compare, the higher your chance of finding low cost insurance. Drivers may discover the most savings is with the least-expected company. Regional companies may only write in your state and offer lower premium rates as compared to the big name companies such as Allstate, Geico and Progressive.

Lower-priced 1994 Ford Ranger insurance can be sourced on the web and with local insurance agents, so you need to quote insurance with both in order to have the best price selection to choose from. There are still a few companies who may not have the ability to get quotes online and usually these small insurance companies sell through local independent agencies.

When you buy insurance online, it’s very important that you do not skimp on critical coverages to save a buck or two. In too many instances, an insured dropped liability coverage limits and learned later that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to purchase plenty of coverage at the lowest possible cost, not the least amount of coverage.

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