2002 Ford Ranger Insurance Cost

Do you get exhausted from sacrificing other expenses to pay insurance each month? Your situation is no different than millions of other consumers. Popular companies such as Allstate, Progressive and Geico all promote huge savings with fancy advertisements and it is challenging if not impossible to separate fact from fiction and find the best price available.

It’s smart to check insurance prices at least once a year because insurance rates trend upward over time. Even if you got the best rate for Ranger insurance at your last renewal there may be better deals available now. Forget anything you know (or think you know) about insurance because it’s time to teach you the fastest and easiest way to find lower rates on insurance.

If you have insurance now or are shopping for new coverage, you can follow these tips to get lower rates and possibly find even better coverage. Choosing the best insurance company for you is quite easy. Drivers just need to understand the tricks to compare price quotes online.

More discounts mean lower-cost premiums

Some companies don’t necessarily list every available discount very clearly, so here is a list both well-publicized and the harder-to-find credits available to you. If you’re not getting every credit available, you are not getting the best rate possible.

  • Low Mileage – Low mileage vehicles could qualify for lower premium rates on the low mileage vehicles.
  • Multi-policy Discount – If you insure your home and vehicles and insure them both with the same insurance company you will save approximately 10% to 15%.
  • Membership in Organizations – Belonging to qualifying employment or professional organizations may earn a discount when getting a auto insurance quote.
  • Lower Rates for Military – Being on active duty in the military may lower your premium rates slightly.
  • Driver Training Discounts – Participating in a course in defensive driving could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Student Discount for Driver Training – Have your child successfully complete driver’s ed class in high school.
  • Claim-Free Discount – Claim-free drivers can earn big discounts as opposed to drivers with a long claim history.
  • Telematics Data – Drivers who elect to allow driving data submission to look at when and where they use their vehicle by using a small device installed in their vehicle like Drivewise from Allstate or In-Drive from State Farm could save a few bucks if they show good driving skills.
  • Employee of Federal Government – Employees or retirees of the government can earn a discount up to 10% for Ranger insurance depending on your insurance provider.

Policy discounts save money, but some credits don’t apply the the whole policy. The majority will only reduce the price of certain insurance coverages like medical payments or collision. Despite the fact that it seems like adding up those discounts means a free policy, it doesn’t quite work that way. Any qualifying discounts will definitely reduce your premiums.

Insurance companies who might offer most of these discounts are:

When comparing rates, check with every company how many discounts you can get. Some of the earlier mentioned discounts may not be available in your area.

Eight things that influence your insurance rates

Many different elements are used when you get your auto insurance bill. Most are fairly basic such as your driving record, but others are more obscure such as your credit history or how financially stable you are.

  • Premiums drop with age – Older insureds tend to be more responsible, are lower risk to insure , and are generally more financially stable.Teen drivers tend to get distracted easily when at the wheel of a vehicle so they pay higher insurance coverage rates.
  • Where you call home is a factor – Being located in less populated areas of the country has it’s advantages when trying to find low car insurance rates. People who live in big cities have more aggressive driving styles and longer commutes to work. Lower population means reduced accidents and also fewer theft and vandalism claims.
  • Your spouse saves you money – Walking down the aisle can actually save you money on insurance coverage. Having a significant other usually means you are more mature than a single person and it’s proven that drivers who are married file infrequent claims.
  • Add-on coverages you don’t need – There are a lot of extra coverages that sound like a good idea at the time when buying insurance coverage. Insurance for things like personal injury protection, accidental death, and term life insurance could be just wasting money. They may seem good when talking to your agent, but if you don’t need them remove them and pocket the money.
  • Drive lots and pay more – Driving a lot of miles in a year’s time the higher the price you pay to insure it. Most companies calculate rates based upon how the vehicle is primarily used. Cars and trucks that sit idle most of the time can get a lower rate than those used for commuting. Having the wrong rating on your Ranger may be costing you. It’s a good idea to make sure your vehicle rating correctly shows the proper vehicle usage, because it can save money.
  • Improve your credit score and save – Having a bad credit score is likely to be a major factor in calculating your insurance coverage rates. So if your credit rating is low, you could save money insuring your 2002 Ford Ranger by taking the time to improve your credit score. Consumers who have good credit tend to file fewer claims than those with poor credit scores.
  • Insurance coverage policy lapses lead to higher prices – Driving without insurance can get you a ticket and you may have a hard time finding new coverage because you let your coverage cancel without a new policy in place. And not only will insurance be more expensive, failure to provide proof of insurance may earn you a steep fine or even jail time. You may need to provide proof of insurance in the form of an SR-22 filing with your state department of motor vehicles.
  • Gender matters – The statistics show that men are more aggressive behind the wheel. However, this does not mean females are better drivers. Both sexes get in at-fault accidents at about the same rate, but the men get into accidents with more damage. Men also tend to get more serious tickets like driving under the influence (DUI).

It’s not one size fits all

When choosing the best car insurance coverage, there is no one size fits all plan. Everyone’s situation is a little different so your insurance needs to address that. Here are some questions about coverages that may help highlight whether or not you could use an agent’s help.

  • How high should my medical payments coverage be?
  • Do I need higher collision deductibles?
  • When should I buy a commercial auto policy?
  • Do I need motorclub coverage?
  • What is an SR-22 filing?
  • Am I covered by my spouse’s policy after a separation?
  • How can I force my company to pay a claim?
  • How much underlying liability do I need for an umbrella policy?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of car insurance companies in your area. It is quick, free and you can get the answers you need.

Auto insurance companies are expert advertisers

Consumers can’t ignore all the ads for cheaper auto insurance from the likes of State Farm, Geico and Progressive. They all seem to make the same claim about saving some big amount if you move to them.

Is it even possible that every company can charge lower premium rates? Here is how they do it.

Different companies have specific characteristics for the type of customer that earns them a profit. For instance, a profitable insured may need to be between the ages of 30 and 50, has a clear driving record, and drives a safe vehicle. A customer who matches those parameters receive the lowest rate quotes and will save some money.

Insureds who are not a match for the “perfect” profile may receive higher premium rates and ends up with business not being written. The ads state “customers who switch” not “all people who quote” save that kind of money. That’s the way companies can truthfully state the savings. Each company has different criteria, so drivers must get auto insurance quotes from several different companies. Because without a comparison, you cannot know which company will give you the biggest savings.

Car insurance coverages for a 2002 Ford Ranger

Having a good grasp of a insurance policy aids in choosing the best coverages for your vehicles. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverage types offered by insurance companies.

Auto liability – Liability insurance provides protection from damage that occurs to people or other property. This insurance protects YOU against claims from other people, and doesn’t cover 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. You might see limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage pays for things such as loss of income, repair bills for other people’s vehicles, pain and suffering, funeral expenses and emergency aid. How much liability should you purchase? That is a personal decision, but consider buying as large an amount as possible.

Medical expense coverage – Med pay and PIP coverage provide coverage for short-term medical expenses like EMT expenses, rehabilitation expenses, hospital visits and funeral costs. They are often used in conjunction with a health insurance program or if you do not have health coverage. Coverage applies to both the driver and occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Uninsured or underinsured coverage – This gives you protection from other drivers when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and damage to your 2002 Ford Ranger.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Comprehensive protection – This pays for damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as hail damage, a broken windshield and damage from flooding. The most 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.

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

Collision insurance covers claims such as damaging your car on a curb, driving through your garage door, hitting a mailbox, crashing into a building and colliding with a tree. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Feed the piggy bank

Lower-priced insurance is definitely available on the web and also from your neighborhood agents, so you need to shop auto insurance with both to get a complete price analysis. Some insurance companies may not offer online quoting and most of the time these smaller companies sell through local independent agencies.

We just covered many ideas to shop for 2002 Ford Ranger insurance online. The key concept to understand is the more rate comparisons you have, the higher the chance of saving money. You may even find the lowest car insurance rates are with a small local company. Some small companies can often provide lower premium rates in certain areas than the large multi-state companies such as State Farm or Progressive.

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