Trying to find cheaper insurance rates for your Ford Ranger? Nobody that owns a car likes buying insurance, in particular when the price is too high.
Many insurance companies compete to insure your vehicles, and it can be difficult to compare rates to find the absolute best rates possible.
Insurance can cost an arm and a leg, but there could be available discounts that many consumers don’t even know exist. Certain credits will be shown at the time of quoting, but occassionally some discounts must be inquired about before being credited. If you do not double check each discount you deserve, you’re just leaving money on the table.
Remember that many deductions do not apply to all coverage premiums. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. Despite the fact that it seems like all the discounts add up to a free policy, you’re out of luck.
To find insurance companies that provide some of the discounts listed above, click here to view.
When choosing proper insurance coverage for your personal vehicles, there isn’t really a cookie cutter policy. Every insured’s situation is different so your insurance needs to address that. For example, these questions may help you determine if your situation would benefit from an agent’s advice.
If you don’t know the answers to these questions but a few of them apply, you may need to chat with an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of insurance coverage companies in your area.
Big name companies like State Farm, Allstate and Geico seem to constantly run television and radio advertisements. All the ads make an identical promise about how much you will save just by switching your coverage. How is it possible that every company can give you a lower rate?
Insurance companies require specific criteria for the type of driver that will not have excessive claims. For instance, a profitable customer might have to be over the age of 40, has a clear driving record, and drives a vehicle with a low ISO rating. Someone that hits that “sweet spot” gets the lowest premium rates and therefore will save quite a bit of money when switching.
Insureds who are not a match for the “perfect” profile will probably be forced to pay higher premiums which usually ends up with the customer buying from someone else. The ad wording is “people who switch” but not “everyone who gets a quote” save that much money. That’s why insurance companies can confidently make it sound like they have such great premium rates.
This really drives home the point why drivers must get as many free insurance quotes as possible. It is just not possible to predict the company that will have the lowest rates.
Having a good grasp of a auto insurance policy helps when choosing the right coverages and the correct deductibles and limits. Policy terminology can be ambiguous and reading a policy is terribly boring. These are typical coverages available from auto insurance companies.
Collision protection
This pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision can pay for claims such as hitting a mailbox, hitting a parking meter, backing into a parked car and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.
Medical payments and PIP coverage
Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for prosthetic devices, X-ray expenses and doctor visits. They are often used to fill the gap from your health insurance program or if there is no health insurance coverage. They cover all vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage
Liability car insurance
Liability coverage will cover damage or injury you incur to a person or their property that is your fault. This coverage protects you from legal claims by others, and does not provide coverage for your injuries or vehicle damage.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.
Liability coverage pays for things such as repair costs for stationary objects, emergency aid, medical expenses and loss of income. The amount of liability coverage you purchase is a personal decision, but consider buying as much as you can afford.
Comprehensive auto coverage
Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for things like hail damage, fire damage and a tree branch falling on your vehicle. The most you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This provides protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants and damage to your Ford Ranger.
Since 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 is important protection for you and your family. Frequently these coverages do not exceed the liability coverage limits.
As you go through the steps to switch your coverage, make sure you don’t sacrifice coverage to reduce premiums. There have been many situations where someone dropped liability limits or collision coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. Your strategy should be to buy the best coverage you can find for the lowest cost, but do not skimp to save money.
Budget-conscious 2008 Ford Ranger insurance can be sourced from both online companies in addition to many insurance agents, and you should compare rates from both so you have a total pricing picture. Some insurance companies may not offer online quoting and most of the time these smaller companies provide coverage only through local independent agencies.
Additional detailed information is located in these articles: