Cheap 2003 Ford F-150 Car Insurance Quotes

Searching for lower insurance coverage rates for your Ford F-150? Are you kicking yourself for buying an expensive insurance coverage policy? Believe me, you are not the only one feeling buyer’s remorse.

Companies like Allstate, Progressive and GEICO constantly blast consumers with advertising and consumers find it hard to ignore the flashy ads and take the time to shop coverage around.

First Step: Get free insurance coverage quotes

When comparison shopping, there are several ways to obtain and compare prices from all the different companies. One of the best ways to find competitive Ford F-150 insurance rates is to perform an online rate comparison. This can be done in a couple of different ways.

  • If you are pressed for time, the simplest way to get quotes would be an industry-wide quote request form like this one (opens in new window). This type of form keeps you from doing separate quotes for every prospective company. Filling out one form will return quotes from many national carriers.
  • A less efficient way to compare rate quotes is going to each company website and fill out their own quote form. For instance, let’s assume you need rates from Farmers, 21st Century and State Farm. To do that, you would have to go to each individual site to enter your coverage information, which can get old fast. For a list of companies in your area, click here.
  • If you have time to kill, the last way to get comparison rates is calling or driving to each insurance agency near you. Comparing rate quotes online has made agencies unnecessary unless you require the trained guidance of a licensed agent. Although you can price shop your coverage online and have a local agent actually service the policy.

It’s up to you which method you use, but do your best to use apples-to-apples coverage limits and deductibles for each quote you get. If the quotes have higher or lower deductibles it will be next to impossible to make an equal comparison. Just slight variations in insurance coverages or limits may result in large price differences. And when comparison shopping, comparing a wide range of rates increases the change that you will find more affordable rates. Some insurance companies are not set up to provide rate quotes online, so it’s necessary to compare price quotes from those companies as well.

Do you qualify for discounts?

Auto insurance companies don’t always publicize every discount in an easy-to-find place, so the list below contains some of the best known and also the lesser-known discounts that you can inquire about if you buy auto insurance online.

  • Own a Home – Being a homeowner can help you save on insurance due to the fact that maintaining a home demonstrates responsibility.
  • Good Grades Discount – Being a good student may save you up to 25%. This discount can apply up to age 25.
  • ABS Brakes – Anti-lock brake equipped vehicles are much safer to drive and earn discounts up to 10%.
  • Full Payment Discount – By paying your policy upfront instead of paying each month you could save 5% or more.
  • No Accidents – Insureds who avoid accidents and claims can save substantially when compared with policyholders that have many claims.
  • No Charge for an Accident – This one isn’t a discount, but a handful of insurance companies permit an accident before hitting you with a surcharge so long as you are claim-free before the accident.
  • Memberships – Joining a professional or civic organization can get you a small discount when shopping for insurance.
  • College Student Discount – Older children who are enrolled in a college that is more than 100 miles from home and won’t have access to an insured vehicle may be insured at a cheaper rate.
  • Early Switch Discount – A few insurance companies offer discounts for switching companies early. Ten percent is about the average savings.

You should keep in mind that most discounts do not apply to the entire cost. Most only cut individual premiums such as comp or med pay. Just because it seems like all those discounts means the company will pay you, insurance companies aren’t that generous. Any amount of discount will lower your overall premium however.

A few companies that may offer quotes with some of the above discounts may include but are not limited to:

Check with every insurance company which discounts you may be entitled to. Some discounts listed above might not be offered in your area. For a list of insurers with discount insurance rates, click here to view.

How to lower your insurance prices

Lots of things are taken into consideration when pricing auto insurance. Some factors are common sense like an MVR report, although some other factors are more obscure such as your credit history or how safe your car is.

  • More policies can equal more savings – Most major car insurance companies allow discounts to policyholders that buy multiple policies. It’s known as a multi-policy discount. Discounts can add up to ten percent or more. Even with this discount, you may still want to get quotes from other companies to guarantee you are still saving the most. You may still save more without the discount by buying car insurance from a different company.
  • Is car insurance cheaper for males or females? – The statistics show that females tend to be a little less risky than males. It does not mean females are better drivers. Males and females have auto accidents at a similar rate, but the male of the species cause more damage and cost insurance companies more money. They also receive more major tickets such as reckless driving. Young males are several times more likely to be in an accident so it costs more to insure them.
  • Do you really need to file that car insurance claims? – Auto insurance companies provide the best rates to people who are claim-free. If you tend to file frequent claims, you can definitely plan on either a policy non-renewal or much higher rates. Your insurance policy is intended to be relied upon for larger claims.
  • Get hitched and get better premiums – Having a spouse actually saves money on your policy. Marriage generally demonstrates drivers are more mature and responsible and it’s proven that drivers who are married file infrequent claims.
  • Cheaper rates with high comp and collision deductibles – Physical damage insurance, termed comprehensive and collision coverage on your policy, insures against damage to your Ford. Examples of covered claims would be a windshield shattered by a rock, collision with an animal, or theft. The deductibles you choose represent how much money you are willing to pay if you file a covered claim. The more money you pay before a claim is paid (deductible), the less your car insurance will be on F-150 insurance.
  • Liability protection – Your car insurance policy’s liability coverage kicks in if ever a court rules you are at fault for causing personal injury or damage in an accident. This coverage provides legal defense to defend your case. It is affordable coverage compared to comp and collision, so do not cut corners here.
  • Optional features that cut prices – Choosing to buy a car with a theft deterrent system can get you a discount on your car insurance. Theft prevention features such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can help prevent your vehicle from being stolen.

Don’t assume everyone needs the same insurance coverage

When choosing adequate coverage for your personal vehicles, there really is not a single plan that fits everyone. Coverage needs to be tailored to your specific needs so your insurance needs to address that. For example, these questions may help you determine whether you might need professional guidance.

  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Are my friends covered when driving my car?
  • Is my teen driver covered when they drive my company car?
  • Is my dog or cat covered if injured in an accident?
  • Is business equipment covered while in my vehicle?
  • Which companies will insure high-risk drivers?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to an agent. To find an agent in your area, take a second and complete this form or click here for a list of insurance companies in your area.

Insurance specifics

Having a good grasp of insurance can be of help when determining the right coverages and proper limits and deductibles. Insurance terms can be confusing and even agents have difficulty translating policy wording. These are the usual coverages found on the average insurance policy.

Medical expense insurance

Coverage for medical payments and/or PIP pay for expenses for things like EMT expenses, prosthetic devices and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Liability coverages

Liability insurance can cover injuries or damage you cause to a person or their property by causing an accident. This coverage protects you from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers things like bail bonds, structural damage, loss of income, medical expenses and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive (Other than Collision)

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as damage from a tornado or hurricane, damage from flooding, a broken windshield, vandalism and hitting a deer. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family as well as damage to your Ford F-150.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Usually these coverages are similar to your liability insurance amounts.

Collision coverage

This pays for damage to your F-150 caused by collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like colliding with a tree, rolling your car, backing into a parked car and colliding with another moving vehicle. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Power to the consumer

In this article, we covered a lot of ways to shop for 2003 Ford F-150 insurance online. The most important thing to understand is the more rate quotes you have, the higher the chance of saving money. You may be surprised to find that the biggest savings come from a smaller regional carrier. Regional companies may cover specific market segments cheaper compared to the large companies like Allstate and Progressive.

When getting auto insurance quotes online, it’s very important that you do not buy poor coverage just to save money. In many instances, an insured cut liability coverage limits to discover at claim time that their decision to reduce coverage ended up costing them more. Your goal should be to buy the best coverage you can find at the best cost, but do not skimp to save money.

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