2003 Ford F-150 Car Insurance Cost – 10 Tips for Cheapest Prices

Are you kicking yourself for buying an overpriced insurance policy? It’s a common feeling and many drivers feel the same as you. Numerous insurance companies battle to insure your vehicles, and it can be difficult to compare rates and get the definite best rates possible.

If you are insured now or are shopping for new coverage, you can use these techniques to find the best rates and possibly find even better coverage. Finding affordable coverage is quite easy. Drivers just need to know the best way to get comparison rates on the web.

More affordable rates with these ten discounts

The price of auto insurance can be rather high, but you might find some hidden discounts that can dramatically reduce your bill. Some discounts apply automatically at quote time, but some must be specifically requested before being credited.

  • One Accident Forgiven – Not necessarily a discount, but companies like Liberty Mutual and Geico will allow you to have one accident without raising rates if your claims history is clear prior to being involved in the accident.
  • Driver’s Education for Students – Teen drivers should enroll and complete driver’s education in school or through a local driver safety program.
  • Pay Upfront and Save – If you pay your bill all at once instead of monthly or quarterly installments you may reduce your total bill.
  • Defensive Driver – Passing a course teaching safe driver skills can save you 5% or more and also improve your driving technique.
  • Telematics Devices – Drivers that enable companies to look at vehicle usage by installing a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system could possibly reduce rates as long as they are good drivers.
  • Use Seat Belts – Requiring all passengers to buckle up before driving can save up to 10 percent (depending on the company) off PIP or medical payments premium.
  • Discount for Passive Restraints – Vehicles equipped with air bags or automatic seat belts may get savings of 20 to 30 percent.
  • Senior Citizen Rates – If you’re over the age of 55, you can possibly qualify for reduced rates on F-150 insurance.
  • Discounts for New Vehicles – Buying coverage on a new vehicle can save up to 30% due to better safety requirements for newer vehicles.
  • Paperwork-free – Many auto insurance companies will give a small break just for signing your application on your computer.

Keep in mind that most discounts do not apply to the entire cost. Most cut the price of certain insurance coverages like collision or personal injury protection. So even though they make it sound like you can get free auto insurance, you aren’t that lucky. But all discounts will definitely lower your premiums.

A list of companies and the discounts they provide are detailed below.

  • Travelers may include discounts for driver training, continuous insurance, multi-policy, save driver, and IntelliDrive.
  • 21st Century has discounts for defensive driver, student driver, teen driver, driver training, 55 and older, and good student.
  • State Farm policyholders can earn discounts including student away at school, anti-theft, good driver, passive restraint, driver’s education, and good student.
  • Geico may have discounts that include anti-theft, anti-lock brakes, multi-vehicle, membership and employees, and military active duty.
  • SAFECO offers discounts including bundle discounts, drive less, accident prevention training, anti-theft, teen safety rewards, safe driver, and multi-car.
  • AAA includes discounts for good driver, good student, pay-in-full, education and occupation, multi-car, and AAA membership discount.

If you need lower rates, check with all companies you are considering to give you their best rates. Savings may not apply in your area. If you would like to choose from a list of auto insurance companies offering auto insurance discounts, click here to view.

What is the best insurance coverage coverage?

When buying the best insurance coverage coverage, there is no best way to insure your cars. Coverage needs to be tailored to your specific needs so your insurance needs to address that. Here are some questions about coverages that might point out whether your personal situation might need professional guidance.

  • What are the best liability limits?
  • Do all my vehicles need collision coverage?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Why am I required to get a high-risk car insurance policy?
  • Can I make deliveries for my home business?
  • Do I pay less if my vehicle is kept in my garage?
  • Does my policy cover my teen driver if they drive my company car?
  • I have a DUI can I still get coverage?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It’s fast, free and can provide invaluable advice.

The largest companies are not always cheapest

Consumers can’t get away from ads that claim the best auto insurance rates by companies like Geico, State Farm and Progressive. All the companies advertise claims that you’ll save big if you switch your coverage.

How do they all lower your auto insurance rates? Here is the trick they use.

Most companies offer their best rates for the type of driver they prefer to insure. One example of this type of risk profile might be over the age of 35, has no prior claims, and drives less than 7,500 miles a year. A propective insured that fits those parameters will get low prices and as a result will probably save when they switch companies.

People who may not quite match the “perfect” profile will get a higher premium which leads to the driver buying from a lower-cost company. Company advertisements say “people that switch” but not “all drivers who get quotes” will save that much if they switch. That’s why insurance companies can confidently make claims that they all have the best premium rates. Because every company is different, you need to get price quotes at each policy renewal. Because you cannot predict which car insurance company will have the best auto insurance rates.

Detailed coverages of your auto insurance policy

Understanding the coverages of your policy aids in choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be ambiguous and coverage can change by endorsement. These are the normal coverages found on the average auto insurance policy.

Liability

Liability insurance protects you from damages or injuries you inflict on people or other property that is your fault. This insurance protects YOU against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

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. You commonly see values of 50/100/50 which stand for $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers things such as medical expenses, structural damage, repair bills for other people’s vehicles and medical services. How much coverage you buy is up to you, but consider buying as high a limit as you can afford.

Collision coverage

Collision insurance will pay to fix damage to your F-150 resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as damaging your car on a curb, sideswiping another vehicle, crashing into a ditch, backing into a parked car and hitting a mailbox. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Another option is to increase the deductible to save money on collision insurance.

Medical expense coverage

Med pay and PIP coverage kick in for short-term medical expenses for rehabilitation expenses, prosthetic devices, funeral costs, chiropractic care and ambulance fees. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to both the driver and occupants in addition to getting struck while a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Uninsured or underinsured coverage

This coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants and also any damage incurred to your 2003 Ford F-150.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Comprehensive protection

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like damage from a tornado or hurricane, hitting a bird and rock chips in glass. The maximum amount a auto insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Final considerations

Some insurance companies may not have internet price quotes and these small insurance companies work with independent agents. Discount 2003 Ford F-150 insurance is possible online as well as from insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from.

You just learned many ways to reduce 2003 Ford F-150 insurance car insurance rates online. It’s most important to understand that the more quotes you get, the higher your chance of finding affordable insurance. You may even discover the lowest priced insurance comes from the least-expected company. Some small companies can often provide lower premium rates in certain areas as compared to the big name companies such as Allstate and Progressive.

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