No car owner is fond of buying insurance, particularly when they are paying too much.
Since consumers have many companies to choose from, it can be challenging to pick the lowest cost company.
It is always a good idea to take a look at other company’s rates periodically because insurance rates are rarely the same from one policy term to another. If you had the lowest rate on E-150 coverage two years ago there may be better deals available now. Block out anything you think you know about insurance because you’re going to learn the proper way to remove unneeded coverages and save money.
Most of the larger companies like 21st Century, Allstate and State Farm make it easy to get prices for coverage online. Comparing prices online is possible for anyone as you just enter your coverage information as requested by the quote form. After the form is submitted, the system automatically orders your driving record and credit report and gives you a price quote based on these factors. This makes comparing rates easy, but the time required to go to a lot of sites and enter the same data into a form can be a bit repetitive. Unfortunately, it is important to perform this step in order to find the best price on insurance.
A more efficient way to find cheaper rates uses one form to get prices from several companies at one time. The form is fast, reduces the work, and makes rate comparisons much more efficient. After your information is entered, your coverage is rated and you can select your choice of the quotes that you receive.
If one or more price quotes are lower than your current rates, you simply finish the application and buy the policy. This process can be completed in less than 10 minutes and can result in significant savings.
To compare rates using this form now, click here to open in a new tab and enter your information. If you have a policy now, it’s recommended that you enter the coverage information identical to your current policy. This way, you will have rate comparison quotes for similar coverage.
Properly insuring your vehicles can get expensive, but you might be missing out on some discounts that can dramatically reduce your bill. Some trigger automatically when you get a quote, but some must be requested specifically before they will apply.
Policy discounts save money, but some credits don’t apply to the overall cost of the policy. Most only reduce the cost of specific coverages such as medical payments or collision. So despite the fact that it appears having all the discounts means you get insurance for free, auto insurance companies aren’t that generous. Any amount of discount will positively reduce your policy premiums.
A few of the larger companies and their offered discounts are outlined below.
When quoting, ask every insurance company how you can save money. Some of the discounts discussed earlier may not be offered everywhere.
When it comes to choosing the best auto insurance coverage for your vehicles, there isn’t really a single plan that fits everyone. Each situation is unique and your policy should reflect that. These are some specific questions might point out if your insurance needs would benefit from an agent’s advice.
If you can’t answer these questions but you know they apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.
Knowing the specifics of your policy can help you determine the right coverages for your vehicles. Insurance terms can be confusing and even agents have difficulty translating policy wording. Listed below are typical coverages found on the average insurance policy.
Protection from uninsured/underinsured drivers
This protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries and damage to your Ford E-150.
Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently these coverages are set the same as your liablity limits.
Coverage for liability
Liability coverage can cover damage or injury you incur to a person or their property that is your fault. It protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 100/300/100 that means you have a $100,000 limit per person for injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Some companies may use one number which is a combined single limit which provides one coverage limit without having the split limit caps.
Liability coverage pays for claims like legal defense fees, funeral expenses, bail bonds and pain and suffering. How much liability coverage do you need? That is a personal decision, but consider buying as large an amount as possible.
Collision protection
This coverage covers damage to your E-150 from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage protects against things such as colliding with a tree, sustaining damage from a pot hole, hitting a mailbox and crashing into a building. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Another option is to bump up the deductible to get cheaper collision coverage.
Medical expense insurance
Med pay and PIP coverage reimburse you for expenses for things like surgery, nursing services and hospital visits. They are utilized in addition to your health insurance program or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage
Comprehensive (Other than Collision)
Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things such as damage from getting keyed, hitting a bird, fire damage and a broken windshield. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.