2002 Ford F-150 Car Insurance Rates – 8 Discounts for Cheaper Quotes

Searching for better insurance coverage rates for your Ford F-150? Buying the lowest cost insurance coverage online might appear problematic for beginners to comparing prices over the internet. With literally dozens of companies in the marketplace, how can you possibly compare every company in order to find better rates?

Buying car insurance is quite easy. Basically, anyone who shops for insurance coverage will most likely be able to lower their premiums. But consumers can benefit by having an understanding of the methods companies use to price insurance differently and take advantage of how the system works.

Compare insurance rate quotes online

All major insurance companies like Allstate and Progressive provide price estimates on their websites. This process is pretty easy because it’s just a matter of typing in the amount of coverage you want as detailed in the form. After you complete the form, the quote system orders reports for credit and driving violations and gives you a price quote determined by many factors.

This makes it easy to compare insurance prices but the time required to go to many different websites and fill out multiple forms can be a bit tiresome and repetitive. But it’s very important to get many rate quotes in order to get better insurance pricing.

Keep reading for an easier way to compare prices

The easiest way to lower your insurance bill uses one simple form to return rates from more than one company. It saves time, requires less work, and makes price shopping online much easier. After sending your information, your coverage is rated and you can choose any one of the quotes returned. If one or more price quotes are lower than your current rates, it’s easy to complete the application and buy the policy. This process just takes a couple of minutes and may result in a nice savings.

If you want to compare pricing, click here to open in a new tab and fill out the form. If you have your current policy handy, we recommend you complete the form with the insurance coverages identical to your current policy. This ensures you’re receiving a price comparison using the exact same coverages.

Will you really save $427 on car insurance?

Companies like Allstate and Progressive seem to constantly run television, radio, and online ads. All the ads seem to make the promise that drivers will save a bundle if you change your policy. How does every company say the same thing? It’s all in how they say it.

All companies have specific characteristics for the right customer that will generate a profit. For instance, a profitable customer may be over the age of 35, has no tickets, and has a high credit rating. Anyone that hits that “sweet spot” receives the best prices and will also cut their rates if they switch.

Insureds who are not a match for the ideal profile will see higher prices and ends up with the customer not buying. The ads state “drivers who switch” not “all people who quote” save money. That’s the way insurance companies can advertise the way they do. Because each company has a different risk profile, you should compare rate quotes every year. It’s impossible to know which company will give you the biggest savings.

Lower rate quotes with these eight discounts

Companies don’t list every possible discount very well, so the list below contains both well-publicized and also the lesser-known credits available to lower your premiums when you buy auto insurance online.

  • One Accident Forgiven – Not really a discount, but a few companies such as Liberty Mutual and GEICO allow you one accident without getting socked with a rate hike so long as you are claim-free for a set time period.
  • Seat Belt Discounts – Drivers who always wear seat belts and also require passengers to fasten their seat belts can save up to 10 percent (depending on the company) on the premium charged for medical payments and/or PIP.
  • Multi-Vehicle Discounts – Buying insurance for more than one vehicle on the same car insurance policy can get a discount on all vehicles.
  • Anti-lock Brake System – Cars and trucks with ABS braking systems or traction control have fewer accidents so you can save 10 percent or more.
  • Driving Data Discount – People who choose to allow driving data collection to scrutinize vehicle usage by using a telematics device in their vehicle such as Drivewise from Allstate or Snapshot from Progressive could save a few bucks if they are good drivers.
  • Discount for Good Grades – Performing well in school can get you a discount of up to 25%. Most companies allow this discount up until you turn 25.
  • Claim-Free Discount – Claim-free drivers can earn big discounts when compared with policyholders that have many claims.
  • Homeowners Pay Less – Owning a home can get you a discount due to the fact that maintaining a home requires a higher level of personal finance.

It’s important to note that some of the credits will not apply to all coverage premiums. Most only cut the cost of specific coverages such as medical payments or collision. Despite the fact that it seems like it’s possible to get free car insurance, it just doesn’t work that way. But all discounts will definitely lower the amount you pay for coverage.

Larger car insurance companies and some of their more popular discounts can be read below.

  • Mercury Insurance includes discounts for location of vehicle, type of vehicle, anti-theft, ease of repair, annual mileage, multi-policy, and accident-free.
  • Farmers Insurance offers discounts for bundle discounts, good student, electronic funds transfer, youthful driver, pay in full, multi-car, and distant student.
  • Farm Bureau discounts include good student, safe driver, youthful driver, multi-vehicle, and driver training.
  • State Farm offers discounts including passive restraint, accident-free, driver’s education, defensive driving training, and multiple autos.
  • Allstate has discounts for good student, utility vehicle, economy car, anti-theft, and 55 and retired.
  • GEICO may offer discounts for defensive driver, membership and employees, multi-vehicle, seat belt use, and driver training.

If you need cheaper auto insurance quotes, ask all the companies which credits you are entitled to. Some of the discounts discussed earlier may not apply to policyholders in your state. To view insurance companies who offer discounts, click here to view.

Car insurance can be complex

When it comes to buying adequate coverage, there is no one size fits all plan. Every insured’s situation is different.

Here are some questions about coverages that can help discover whether or not you could use an agent’s help.

  • Do I have coverage when using my vehicle for my home business?
  • Do I need roadside assistance coverage?
  • How much liability do I need to cover my assets?
  • How high should my medical payments coverage be?
  • Is my dog or cat covered if injured in an accident?
  • Is my nanny covered when driving my vehicle?
  • Am I covered when driving a rental car?

If you don’t know the answers to these questions but a few of them apply, you may need to chat with a licensed agent. To find lower rates from a local agent, take a second and complete this form.

Auto insurance coverage information

Having a good grasp of your auto insurance policy aids in choosing which coverages you need and proper limits and deductibles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for things like doctor visits, nursing services, X-ray expenses and funeral costs. The coverages can be used to fill the gap from your health insurance program or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Comprehensive coverage – This coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as hitting a deer, damage from getting keyed, theft and damage from a tornado or hurricane. The highest amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Uninsured/Underinsured Motorist coverage – This coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as damage to your 2002 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 is a good idea.

Collision coverages – This pays to fix your vehicle from damage resulting from a collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as colliding with another moving vehicle, sideswiping another vehicle, scraping a guard rail and hitting a parking meter. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. You can also choose a higher deductible to bring the cost down.

Liability – Liability insurance will cover damage or injury you incur to other’s property or people. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability 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 $100,000 of coverage for damaged propery.

Liability insurance covers things like attorney fees, funeral expenses, repair costs for stationary objects and legal defense fees. How much liability should you purchase? That is a personal decision, but you should buy as much as you can afford.

Quote often and quote early

When trying to cut insurance costs, you should never buy poor coverage just to save money. There have been many cases where someone dropped physical damage coverage and learned later they didn’t purchase enough coverage. The ultimate goal is to buy the best coverage you can find for the lowest price, but do not skimp to save money.

In this article, we covered some good ideas how you can save on 2002 Ford F-150 insurance. The most important thing to understand is the more rate quotes you have, the higher your chance of finding cheaper auto insurance. You may even find the best prices are with the smaller companies.

Budget-conscious 2002 Ford F-150 insurance is attainable on the web in addition to many insurance agents, so get free auto insurance quotes from both of them to have the best rate selection. Some insurance providers do not offer the ability to get quotes online and most of the time these smaller providers prefer to sell through independent agents.

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