Cheap 1995 Ford E-150 Car Insurance Rates

Looking for cheaper insurance rates for your Ford E-150? No normal person looks forward to buying insurance, especially when they know they are paying too much. You have multiple car insurance companies to purchase coverage from, and although it’s nice to have a selection, so many choices can make it hard to locate the cheapest rates.

Consumers need to get comparison quotes before your next renewal because insurance prices are rarely the same from one policy term to another. Just because you had the lowest price for E-150 insurance at your last renewal the chances are good that you can find a lower rate quote today. Forget all the misinformation about insurance because it’s time to teach you how to use the internet to properly buy coverages and cut your premium.

This information will tell you how car insurance quotes work and some tricks to saving. If you currently have car insurance, you should be able to lower your premiums substantially using these tips. Vehicle owners just need to know how to compare rates online.

Eight factors that determine insurance prices

Smart consumers have a good feel for the rating factors that help calculate the price you pay for insurance coverage. When you know what positively or negatively determines premiums, this allows you to make good choices that may reward you with cheaper rates. Many things are used in the calculation when you get a price on insurance. Some of the criteria are obvious such as your driving history, although some other factors are less obvious like where you live or your commute time.

The itemized list below are some of the major factors used by insurance companies to determine your rates.

  • How’s your driving record? – Even one speeding ticket or other violation could increase your next policy renewal by as much as twenty percent. Careful drivers have lower premiums than their less careful counterparts. Drivers who get severe violations such as DUI or willful reckless driving are required to prove financial responsibility with their state’s department of motor vehicles in order to legally drive.
  • Is you vocation costing you more? – Occupations such as military personnel, architects and financial analysts are shown to have higher rates than the rest of us attributed to intense work-related stress and long work days. On the other hand, occupations like actors, engineers and retirees generally pay rates lower than average for E-150 insurance.
  • More policies can equal more savings – Many insurers allow lower prices to policyholders that buy multiple policies. It’s known as a multi-policy discount. If you currently are using one company, you may still want to check prices from other companies to help ensure you have the lowest rates.There is a good possibility that you can find lower rates even if you insure with multiple companies
  • Low physical damage deductibles cost more – Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, protects your Ford from damage. Some coverage claims could be running into the backend of another car, hitting a deer, and burglary. Deductibles for physical damage are how much you are required to spend out-of-pocket before a claim is paid by your company. The more of the claim you’re willing to pay, the less money you will pay for insurance coverage for E-150 insurance.
  • Gals tend to cost less – Over the last 30 years, statistics show that females tend to be a little less risky than males. The data does not necessarily mean that women are better drivers. Both genders are responsible for auto accidents at about the same rate, but men get into accidents with more damage. Men also statistically get cited for more serious violations such as driving while intoxicated (DWI) or driving recklessly. Teenage male drivers are several times more likely to be in an accident and therefore pay the highest rates.
  • Stay claim-free and save – If you frequently file small claims, you can expect higher premiums or even policy non-renewal. Insurance companies give better rates to drivers who only file infrequent claims. Auto insurance is designed for the large, substantial claims.
  • Younger drivers cost more – Drivers with little experience are known to be inattentive and easily distracted in a vehicle so they pay higher insurance coverage rates. Having to add a inexperienced driver onto a policy will cause a huge premium hike. Older insureds are shown to be more cautious, cause fewer claims and accidents .
  • Your liability limits – Your insurance coverage policy’s liability coverage will protect you when a court rules you are at fault for an accident. Liability insurance provides you with a defense in court which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so do not skimp.

Cheap insurance rates with discounts

Companies don’t list all their discounts very well, so here is a list both well-publicized in addition to some of the lesser obvious discounts that may be available.

  • Early Switch Discount – Some insurance companies provide a discount for switching to them early. You may see this discount when you get auto insurance quotes online.
  • Discount for Life Insurance – Larger insurance carriers have better rates if you take out auto and life insurance together.
  • Air Bag Discount – Vehicles equipped with air bags and/or automatic seat belt systems may get savings of 20% or more.
  • Student Discount for Driver Training – Make teen driver coverage more affordable by requiring them to enroll in driver’s education in high school.
  • Braking Control Discount – Cars and trucks with ABS and/or traction control can avoid accidents so companies give up to a 10% discount.
  • Discounts for Multiple Vehicles – Insuring more than one vehicle with the same insurance company can get a discount on all vehicles.

While discounts sound great, it’s important to understand that some of the credits will not apply to all coverage premiums. Some only reduce the price of certain insurance coverages like comp or med pay. So even though it sounds like all those discounts means the company will pay you, companies wouldn’t make money that way.

A few popular companies and some of the discounts are detailed below.

  • State Farm includes discounts for Steer Clear safe driver discount, good student, driver’s education, good driver, multiple policy, Drive Safe & Save, and safe vehicle.
  • GEICO may have discounts that include multi-policy, daytime running lights, multi-vehicle, military active duty, defensive driver, and anti-theft.
  • Liberty Mutual offers discounts for multi-policy, hybrid vehicle, preferred payment discount, multi-car, and teen driver discount.
  • The Hartford has savings for driver training, vehicle fuel type, defensive driver, good student, anti-theft, air bag, and bundle.
  • MetLife has discounts for good driver, good student, multi-policy, claim-free, and accident-free.
  • Progressive discounts include homeowner, multi-vehicle, online quote discount, continuous coverage, online signing, multi-policy, and good student.

Before purchasing a policy, check with each insurance company how you can save money. Some credits may not apply to policies in your area. To see a list of insurance companies with the best insurance discounts, click here to view.

Is there deception in advertising?

Consumers can’t ignore all the ads for the lowest price insurance by State Farm, Allstate and GEICO. They all seem to advertise claims about saving some big amount just by switching your insurance policy to them.

How can each company give you a better price? Just pay attention to how they say it.

Companies quote the lowest rates for the type of insured that earns them the most money. A good example of a preferred risk should be between 30 and 50, owns a home, and drives a car with an anti-theft system. Someone that hits that “sweet spot” will get low car insurance rates as well as save when they switch companies.

Potential insureds who are not a match for those standards will have to pay a more expensive rate and the driver buying from a lower-cost company. The wording the ads use say “drivers who switch” but not “everyone who gets a quote” save money. That’s why insurance companies can claim big savings.

This really emphasizes why you really need to quote coverage with many companies. It’s just too difficult to predict which insurance companies will have the lowest rates.

Tailor your car insurance coverage to you

When it comes to buying coverage, there really is not a one size fits all plan. Each situation is unique and a cookie cutter policy won’t apply. For instance, these questions may help you determine whether you would benefit from an agent’s advice.

  • Is a fancy paint job covered?
  • Who is covered when they drive my 1995 Ford E-150?
  • How much underlying liability do I need for an umbrella policy?
  • What if I owe more than I can insure my car for?
  • Is my 1995 Ford E-150 covered for flood damage?
  • Do I need higher collision deductibles?

If it’s difficult to answer those questions, you may need to chat with an agent. If you want to speak to an agent in your area, 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 may give you better protection.

Insurance coverage considerations

Learning about specific coverages of insurance can help you determine appropriate coverage and the correct deductibles and limits. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. Below you’ll find the usual coverages found on the average insurance policy.

Liability

This coverage provides protection from damage or injury you incur to other people or property that is your fault. It protects YOU against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Alternatively, you may have one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability insurance covers things such as medical services, repair bills for other people’s vehicles and legal defense fees. How much coverage you buy is a personal decision, but consider buying higher limits if possible.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as damage to your Ford E-150.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally these coverages do not exceed the liability coverage limits.

Comprehensive coverage

This coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as a broken windshield, damage from getting keyed, damage from a tornado or hurricane, rock chips in glass and hail damage. The most your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Medical payments coverage and PIP

Med pay and PIP coverage reimburse you for expenses like chiropractic care, EMT expenses, pain medications, hospital visits and surgery. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants as well as getting struck while a pedestrian. PIP is not an option in every state and may carry a deductible

Collision insurance

This covers damage to your E-150 resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for things such as colliding with another moving vehicle, sustaining damage from a pot hole, crashing into a ditch, scraping a guard rail and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. You can also bump up the deductible to bring the cost down.

Quote more, save more

When getting auto insurance quotes online, it’s very important that you do not sacrifice coverage to reduce premiums. There are a lot of situations where an insured dropped liability limits or collision coverage to discover at claim time that it was a big mistake. Your focus should be to purchase a proper amount of coverage for the lowest price, but do not sacrifice coverage to save money.

Some insurance providers do not offer rates over the internet and many times these smaller providers only sell coverage through independent insurance agents. Cheaper insurance coverage is possible both online and with local insurance agents, and you should be comparing both so you have a total pricing picture.

Much more information about insurance coverage can be read at these links: