Save on 1994 Ford Ranger Insurance Cost

Want better insurance coverage rates for your Ford Ranger? Having to pay for pricey Ford Ranger insurance can take a big chunk out of your checking account and force you to cut corners elsewhere.

There is such a variety of auto insurance companies to choose from, and even though it’s nice to have a selection, more options can take longer to compare company pricing.

It is always a good idea to get comparison quotes once or twice a year since rates go up and down regularly. Despite the fact that you may have had the lowest premium rates for Ranger coverage a few years ago you can probably find a better price now. There is a lot of wrong information about insurance coverage online, but in a few minutes you can learn some good information on how to find cheap insurance coverage.

Compare auto insurance rate quotes

When shopping for auto insurance there are multiple ways to compare rate quotes from many different insurance companies. The best way to find the cheapest Ford Ranger insurance rates involves getting comparison quotes online. This is very easy and can be done in several different ways.

  1. The fastest and easiest way to get quotes is an all-inclusive rate comparison like this one (opens in new window). This type of form saves time by eliminating repetitive form entry for each price estimate. Filling out one form gets rate comparisons instantly.
  2. A more time consuming way to shop for auto insurance online requires you to visit each individual company website to complete their respective quote request forms. For examples sake, let’s assume you want comparison quotes from Progressive, Esurance and Allstate. To do that, you would have to go to each individual site and enter your information, which explains why we recommend starting with the first method. To view a list of companies in your area, click here.

You can choose any of those ways to find more affodable coverage, but double check that you are using the same deductibles and coverage limits with each company. If you have different liability limits it will be very difficult to determine the best price for your Ford Ranger. Even a minor difference in limits could mean much higher rates. And when comparison shopping, comparing a wide range of rates helps improve the odds of finding lower pricing.

Cheap insurance rates with discounts

Not too many consumers would say insurance is affordable, but you might find some hidden discounts that you may not even be aware of. Certain reductions will be credited at quote time, but a few must be manually applied before you get the savings.

  • Active Service Discounts – Having an actively deployed family member can result in better rates.
  • Student Discounts – Maintaining excellent grades can save 20 to 25%. The good student discount can last up until you turn 25.
  • Multi-policy Discount – If you can combine your home and auto policy with the same company they may give you a discount of up to 20% off your total premium.
  • Life Insurance – Larger insurance companies have a lower rate if you buy a life insurance policy as well.
  • Drive Safe and Save – Safe drivers may save up to 50% more for Ranger coverage compared to rates paid by drivers with frequent claims.
  • Early Payment Discounts – If you pay your bill all at once rather than paying monthly you may reduce your total bill.
  • Telematics Discount – Drivers who agree to allow their company to analyze driving habits by using a telematics device like In-Drive from State Farm and Progressive’s Snapshot could save a few bucks if they exhibit good driving behavior.
  • Defensive Driver Discounts – Successfully completing a course in defensive driving could possibly earn you a 5% discount and easily pay for the cost of the class.

Don’t be shocked that many deductions do not apply the the whole policy. Most only reduce the cost of specific coverages such as comprehensive or collision. Even though it appears all the discounts add up to a free policy, insurance companies wouldn’t stay in business.

A few of the larger companies and some of the discounts are outlined below.

  • GEICO policyholders can earn discounts including military active duty, membership and employees, five-year accident-free, daytime running lights, air bags, and driver training.
  • Auto-Owners Insurance may offer discounts for company car, multiple vehicles, group or association, paid in full, teen driver, air bags, and paperless.
  • American Family discounts include air bags, good driver, mySafetyValet, early bird, TimeAway discount, multi-vehicle, and defensive driver.
  • Esurance offers discounts for homeowner, DriveSense, multi-policy, anti-lock brakes, and paid-in-full.
  • Progressive may have discounts that include homeowner, online quote discount, continuous coverage, multi-vehicle, online signing, and multi-policy.
  • State Farm includes discounts for student away at school, good driver, multiple autos, passive restraint, multiple policy, driver’s education, and Drive Safe & Save.
  • AAA may include discounts for good driver, pay-in-full, multi-policy, multi-car, education and occupation, and AAA membership discount.

It’s a good idea to ask all the companies what discounts are available to you. A few discounts may not be offered in your area. To choose insurance companies that offer multiple discounts, follow this link.

Components of your Ford Ranger insurance costs

Smart consumers have a good feel for a few of the rating criteria that are used to determine the rates you pay for car insurance. If you have some idea of what influences your rates, this allows you to make educated decisions that will entitle you to big savings. Lots of things are part of the equation when pricing auto insurance. Some are pretty understandable like an MVR report, but some are less apparent such as your marital status or your vehicle rating.

The list below includes some of the most common factors utilized by car insurance companies to help set your prices.

  • Fewer miles means better prices – Driving a lot of miles in a year’s time the more you’ll pay to insure it. A lot of insurance companies rate vehicles based on how the vehicle is used. Cars and trucks left parked in the garage can be on a lower rate level than those that get driven frequently. A policy that improperly rates your Ranger may be costing you higher rates. Double check that your car insurance declarations sheet is rated on the correct usage for each vehicle, because it can save money.
  • Certain vocations pay higher car insurance rates – Careers such as lawyerspolice officers and financial analysts have higher premiums than the average policyholder because of stressful work requirements and incredibly demanding work hours. On the flip side, careers like actors, students and the unemployed pay lower than average rates for Ranger coverage.
  • Choose high crash test ratings and save – Cars with high safety ratings are cheaper to insure. These vehicles result in less severe injuries and reduced instances of injuries translates into savings for insurance companies which can result in lower premiums. If your Ford scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org you may pay a lower rate.
  • Men drivers tend to cost more – Over the last 50 years, statistics have shown women tend to be less risk to insure than men. That doesn’t necessarily mean that males are worse at driving than females. Females and males cause at-fault accidents in similar percentages, but guys have accidents that have higher claims. Men also statistically have more aggressive citations like DUI and reckless driving. Males from age 16 to 21 are several times more likely to be in an accident so they pay the highest premiums.

Tailor your auto insurance coverage to you

When choosing the best auto insurance coverage, there really is not a “best” method to buy coverage. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. Here are some questions about coverages that may help highlight if you could use an agent’s help.

  • What is high-risk coverage and where do I buy it?
  • Will my insurance pay for OEM parts?
  • I have a DUI can I still get coverage?
  • What if I total my 1994 Ford Ranger and owe more than it’s worth?
  • Is my camper covered by my car insurance policy?
  • Am I covered when driving on a suspended license?
  • Does insurance cover damages from a DUI accident?
  • What companies insure drivers after a DUI or DWI?
  • Am I covered when driving in Canada or Mexico?
  • How much liability insurance is required?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area.

Save 15 percent in 15 minutes? Is it for real?

Insurance coverage companies such as GEICO, State Farm and Progressive consistently run ads on television and other media. They all say the same thing that you can save if you just switch to their company. How does every insurance coverage company charge you a lower premium? This is the way they can do it.

All companies offer their best rates for a prospective insured that makes them money. For instance, a desirable risk might be over age 30, has a clean driving record, and drives a vehicle with a low ISO rating. Anybody that hits that “sweet spot” will get a cheap rate quote and will save a lot if they switch.

Potential insureds who don’t meet this stringent profile will probably be forced to pay more expensive rates which leads to the customer buying from a different company. If you pay close attention to the ads, they say “drivers that switch” not “everyone that quotes” save the amount stated. That’s the way companies can state the savings.

Because each company has a different risk profile, you absolutely need to compare as many free car insurance quotes as you can. It’s impossible to know which company will fit you best based on your risk profile.

The coverage is in the details

Knowing the specifics of car insurance aids in choosing the right coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and reading a policy is terribly boring. Below you’ll find the normal coverages found on most car insurance policies.

Liability car insurance

Liability coverage can cover damage that occurs to a person or their property. This insurance protects YOU against claims from other people, 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 might see liability limits of 25/50/25 which means a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Alternatively, you may have a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability can pay for claims like funeral expenses, court costs and repair costs for stationary objects. How much liability should you purchase? That is a personal decision, but consider buying as much as you can afford.

Auto collision coverage

This pays for damage to your Ranger resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like driving through your garage door, crashing into a ditch and colliding with another moving vehicle. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Another option is to raise the deductible to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection from other motorists when they either have no liability insurance or not enough. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as a broken windshield, rock chips in glass, hitting a bird, falling objects and fire damage. The most you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage pay for bills like dental work, funeral costs, doctor visits, ambulance fees and hospital visits. They are often used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Make an honest buck

When searching for cheap car insurance quotes, it’s very important that you do not buy less coverage just to save a little money. There are many occasions where consumers will sacrifice physical damage coverage only to regret that their decision to reduce coverage ended up costing them more. The proper strategy is to buy enough coverage for the lowest cost but still have enough coverage for asset protection.

We just showed you quite a bit of information on how to reduce 1994 Ford Ranger insurance premium rates online. The key thing to remember is the more rate quotes you have, the higher the chance of saving money. You may even discover the best price on insurance is with a smaller regional carrier. Regional companies often have lower prices on specific markets as compared to the big name companies such as Progressive or GEICO.

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