How Much Does 2007 Ford Ranger Insurance Cost?

Looking for lower insurance rates for your Ford Ranger? Wish you could get out of an underperforming, overpriced insurance policy? Don’t feel bad because there are a lot of people just like you who feel imprisoned by their insurance policy.

Multiple insurers compete for your insurance dollar, so it can be very hard to choose a provider to discover the definitive cheapest price

If you currently have car insurance, you will most likely be able to lower your premiums substantially using these tips. Finding affordable coverage is not rocket science. Although vehicle owners must comprehend the way insurance companies compete online and use this information to your advantage.

Finding car insurance

Performing a rate comparison can take time and effort if you don’t know the easiest way. You could spend your day driving to insurance companies in your area, or you can stay home and use online quoting to get rate comparisons in just a few minutes.

All the larger companies belong to an insurance system where prospective buyers enter their policy data once, and each participating company returns a competitive quote for coverage. This saves time by eliminating quotation requests for each company you want a rate for.

To submit your quote information now, click here (opens in new window).

One minor caviat to using this type of form is that consumers can’t choose which companies you want pricing from. So if you prefer to pick from a list of companies to compare prices, we have a page of car insurance companies in your area. Click here to view list.

Whichever method you choose, be sure to compare the same deductibles and coverage limits for each comparison quote. If you are comparing different limits and deductibles on each one then you won’t be able to decipher which rate is best. Even a minor difference in coverages may cause a big price difference. Just remember that quoting more will improve the odds of getting a lower rate. Some companies don’t provide rate quotes online, so it’s important to compare prices from those companies as well.

Insurance coverage policy discounts

Some insurers don’t necessarily list their entire list of discounts very well, so the following is a list of some of the more common as well as the least known credits available to lower your premiums when you buy car insurance online. If you aren’t receiving every discount you qualify for, you could be getting lower rates.

  • Paper-free Discount – A handful of insurance coverage companies may give you up to $50 for buying a policy and signing up on their website.
  • College Student – Kids who are attending college and do not have access to a covered vehicle could qualify for this discount.
  • More Vehicles More Savings – Having more than one vehicle on one policy can reduce rates for all insured vehicles.
  • Military Rewards – Being deployed with a military unit could be rewarded with lower rates.
  • Drivers Education – Have your child successfully complete driver’s ed class in school or through a local driver safety program.

One thing to note about discounts is that some credits don’t apply to the entire policy premium. The majority will only reduce specific coverage prices like comp or med pay. So even though you would think you would end up receiving a 100% discount, companies don’t profit that way. Any amount of discount should help reduce your overall premium however.

Popular insurance coverage companies and some of their more popular discounts are outlined below.

  • GEICO policyholders can earn discounts including five-year accident-free, daytime running lights, multi-policy, membership and employees, defensive driver, driver training, and anti-theft.
  • MetLife offers premium reductions for accident-free, defensive driver, good student, claim-free, and multi-policy.
  • State Farm has savings for defensive driving training, good student, multiple policy, driver’s education, anti-theft, and Drive Safe & Save.
  • Progressive offers discounts for homeowner, multi-policy, multi-vehicle, online signing, good student, online quote discount, and continuous coverage.
  • Mercury Insurance has discounts for good driver, ease of repair, professional/association, multi-car, multi-policy, location of vehicle, and annual mileage.
  • 21st Century may offer discounts for anti-lock brakes, 55 and older, driver training, early bird, and student driver.
  • Allstate includes discounts for new car, passive restraint, resident student, anti-theft, and defensive driver.

Before purchasing a policy, check with each company or agent how you can save money. Savings might not be offered on policies in your state. To see a list of insurance coverage companies that offer the discounts shown above, click this link.

How do I know if I need professional advice?

When it comes to buying the right insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Everyone’s needs are different and your policy should reflect that. These are some specific questions may help highlight whether or not you would benefit from professional advice.

  • What is medical payments coverage?
  • How do I file an SR-22 for a DUI in my state?
  • What if I don’t agree with a claim settlement offer?
  • Who is covered by my policy?
  • Which is better, split liability limits or combined limits?
  • Does my 2007 Ford Ranger qualify for pleasure use?
  • Should I drop comprehensive coverage on older vehicles?
  • Am I insured when driving a different vehicle?
  • What can I do if my company denied a claim?
  • Can I make deliveries for my home business?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area.

How insurance providers calculate Ford Ranger insurance prices

Smart consumers have a good feel for some of the factors that are used to determine the level of your policy premiums. When consumers understand what controls the rates you pay, this helps enable you to make changes that can help you get lower rates.

  • GPS tracking and theft deterrents reduce car insurance rates – Selecting a car model with anti-theft technology or alarm system can save you some money. Theft prevention devices like OnStar, LoJack tracking, and tamper alarms all hinder car theft.
  • Certain jobs pay higher prices – Occupations like military personnelpolice officers and miners generally have the highest rates attributed to intense work requirements and lengthy work days. Other careers such as scientists, engineers and performers generally pay rates lower than average for Ranger coverage.
  • More policies can equal more savings – Most larger car insurance companies give lower prices to customers who buy several policies from them such as combining an auto and homeowners policy. Even with this discount, it’s still a good idea to shop around to verify if the discount is saving money.There is a chance you can find a better deal even if you have your coverage with different companies
  • Protect yourself with liability coverage – A critical coverage on your policy, liability insurance provides coverage if ever a court rules you are at fault for damages from an accident. Liability insurance provides for a legal defense which can cost a lot. This coverage is relatively inexpensive compared to comp and collision, so drivers should buy more than the minimum limits required by law.
  • Youthful drivers pay more – Older insureds tend to be more responsible, file fewer claims and get fewer tickets.Teen drivers are proven to be less responsible in a vehicle so car insurance rates are higher.
  • Rural vs Urban Areas – Having an address in smaller towns and rural areas of the country has it’s advantages when talking about car insurance. People in densly populated areas have more traffic problems and more time behind the wheel. Lower population means fewer accidents.
  • Reserve claims for larger damages – If you file a lot of claims don’t be surprised to see much higher rates or policy non-renewal. Companies generally give lower rates to insureds who do not rely on their insurance for small claims. Auto insurance is designed for major claims that would cause financial hardship.

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

Insurance companies such as State Farm and Allstate seem to constantly run television, radio, and online ads. They all seem to convey the message that drivers can save some big amount just by moving your insurance policy to them. How do they all charge less that you’re paying now? It’s all in how they say it.

Different companies require specific criteria for the type of customer that earns them the most money. One example of a profitable risk profile could be over the age of 40, owns a home, and drives newer vehicles. Anyone who matches that profile will probably get cheap prices and will probably save when they switch companies.

People who do not fit these standards will have to pay a higher premium and ends up with the driver buying from a lower-cost company. The trick companies use is to say “drivers that switch” not “everybody who quotes” save that much when switching. That is how insurance companies can state the savings. This really illustrates why you should get price quotes at each policy renewal. It is impossible to predict which insurance companies will be your best fit.

Insurance policy coverages for a Ford Ranger

Knowing the specifics of your policy can help you determine the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring. Shown next are typical coverages found on most insurance policies.

Auto liability – This coverage will cover damage or injury you incur to people or other property in an accident. This insurance protects YOU against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 25/50/25 that means you have a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability coverage protects against things such as legal defense fees, repair bills for other people’s vehicles, attorney fees, medical expenses and pain and suffering. How much liability should you purchase? That is your choice, but buy as much as you can afford.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for things like surgery, chiropractic care, hospital visits and rehabilitation expenses. They can be used in conjunction with a health insurance plan or if you lack health insurance entirely. They cover you and your occupants in addition to getting struck while a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision – This will pay to fix damage to your Ranger 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 insurance covers claims like driving through your garage door, damaging your car on a curb, colliding with a tree, sideswiping another vehicle and crashing into a ditch. 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.

Uninsured and underinsured coverage – Your UM/UIM coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and also any damage incurred to your Ford Ranger.

Because many people have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea.

Comprehensive coverages – Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like a tree branch falling on your vehicle, rock chips in glass and fire damage. The most you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

The best insurance company isn’t always the cheapest

We just covered a lot of ways to lower your 2007 Ford Ranger insurance car insurance rates. The key concept to understand is the more price quotes you have, the better your chances of lowering your premium rates. Consumers could even find that the lowest priced auto insurance comes from some of the lesser-known companies. These smaller insurers may have significantly lower premium rates on certain market segments as compared to the big name companies such as Progressive and GEICO.

Cheap 2007 Ford Ranger insurance can be found from both online companies in addition to local insurance agencies, and you should compare rates from both in order to have the best price selection to choose from. Some insurance companies do not offer internet price quotes and these smaller companies work with independent insurance agents.

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