2011 Ford F-150 Insurance Cost – 9 Savings Tips

Are you regretting buying an expensive car insurance policy? It’s quite common and there are many drivers thinking the same thing.

Online insurance companies like Progressive, GEICO and Farmers Insurance continually bombard you with catchy ads and it is challenging if not impossible to see through the cute green geckos and mayhem and take the time to shop coverage around.

You should make it a habit to take a look at other company’s rates occasionally because prices change regularly. Even if you got the best rates for F-150 coverage on your last policy there is a good chance you can find better premium rates now. There is too much inaccurate information about car insurance online but I’m going to show you some proven techniques to lower your car insurance bill.

If you currently have car insurance, you will most likely be able to reduce your rates substantially using these methods. Finding affordable coverage is not rocket science. But car owners do need to learn the methods companies use to market on the web and apply this information to your search.

First Step: Get free insurance coverage quotes

There are several ways to shop for insurance coverage, and some are less labor-intensive and much quicker. You can spend your afternoon discussing policy coverages with agents in your area, or you could use the web to get pricing more quickly.

Most of the larger companies are enrolled in a marketplace where prospective buyers send in one quote, and each participating company then gives them pricing based on that data. This saves time by eliminating form submissions to every company. To find out how much you can save on insurance coverage click here (opens in new window).

The one disadvantage to comparing rates this way is you cannot specify which providers to get quotes from. If you would rather choose from a list of companies for rate comparison, we have a page of the cheapest insurance coverage companies in your area. Click to view list.

Whichever way you choose to compare rates, make darn sure you compare exactly the same coverage limits with every price quote. If the quotes have different values for each quote you will not be able to find the best deal for your Ford F-150. Just slight variations in coverages could throw off the whole comparison. Just remember that comparing more quotes gives you a better chance of getting the best offered rates.

Lower rate quotes by taking advantage of these nine discounts

Buying insurance is not cheap, but you might be missing out on some discounts that could drop your premiums quite a bit. Some discounts will apply when you complete an application, but some must be asked about before they will apply.

  • Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn a break if you buy life insurance from them.
  • Passive Restraints and Air Bags – Cars that have air bags or automatic seat belts could see savings of up to 25% or more.
  • Claim Free – Good drivers with no accidents have much lower rates when compared to drivers with a long claim history.
  • Theft Deterent System – Vehicles that have factory alarm systems and tracking devices prevent vehicle theft and that can save you a little bit as well.
  • Safe Drivers – Drivers who don’t get into accidents could pay up to 40% less for F-150 coverage compared to rates paid by drivers with frequent claims.
  • Telematics Discount – Drivers who agree to allow their company to spy on when and where they use their vehicle by installing a telematics device like Drivewise from Allstate or In-Drive from State Farm might get better premium rates if they exhibit good driving behavior.
  • Online Discount – Some insurance companies will discount your bill up to fifty bucks for completing your application on their website.
  • Switch and Save Discount – A few larger companies allow discounts for buying a new policy early. It could save around 10% when you buy insurance online.
  • Drivers Ed for Students – Teen drivers should complete a driver education course as it will make them better drivers and lower rates.

Policy discounts save money, but most discount credits are not given the the whole policy. Most only apply to the price of certain insurance coverages like medical payments or collision. So even though they make it sound like you would end up receiving a 100% discount, nobody gets a free ride. Any qualifying discounts will lower the cost of coverage.

Companies that may offer policyholders these money-saving discounts include:

Double check with each insurance company to apply every possible discount. Some of the earlier mentioned discounts might not be available to policyholders everywhere. If you would like to view companies who offer discounts, click this link.

How much insurance coverage do I need?

When it comes to choosing the best insurance coverage coverage, there really is not a one size fits all plan. Each situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that might point out if your insurance needs would benefit from an agent’s advice.

  • Do I have coverage when pulling a U-Haul trailer?
  • Can I still get insurance after a DUI?
  • Do I need replacement cost coverage?
  • Do I have any recourse if my insurance company denies a claim?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Is business equipment covered while in my vehicle?

If you can’t answer these questions, you might consider talking to a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier

The coverage is in the details

Learning about specific coverages of a car insurance policy helps when choosing the right coverages and proper limits and deductibles. The terms used in a policy can be ambiguous and coverage can change by endorsement. These are the usual coverages offered by car insurance companies.

Coverage for liability

Liability coverage will cover damages or injuries you inflict on other’s property or people that is your fault. This insurance protects YOU against other people’s claims. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 50/100/50 that translate to a limit of $50,000 per injured person, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability coverage pays for things such as repair bills for other people’s vehicles, structural damage, court costs and attorney fees. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Collision protection

Collision insurance pays for damage to your F-150 resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like backing into a parked car, colliding with a tree, damaging your car on a curb, sideswiping another vehicle and rolling your car. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Medical expense coverage

Med pay and PIP coverage provide coverage for bills such as dental work, pain medications, EMT expenses, funeral costs and prosthetic devices. The coverages can be utilized in addition to your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is not available in all states and may carry a deductible

Uninsured or underinsured coverage

This gives you protection from other drivers when they 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.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Comprehensive protection

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as hitting a bird, damage from getting keyed and fire damage. The most your car insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Keep this in mind

Lower-priced 2011 Ford F-150 insurance can be sourced online as well as from insurance agents, so you need to shop insurance with both to have the best chance of lowering rates. There are still a few companies who don’t offer price quotes online and usually these small insurance companies only sell coverage through independent insurance agents.

As you quote insurance, do not skimp on critical coverages to save a buck or two. Too many times, an insured dropped collision coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to buy enough coverage at a price you can afford but still have enough coverage for asset protection.

Throughout this article, we presented some good ideas how to get a better price on 2011 Ford F-150 insurance. It’s most important to understand that the more quotes you get, the better chance you’ll have of finding the cheapest insurance. Drivers may discover the lowest rates are with the smaller companies. These companies may only write in your state and offer lower auto insurance rates compared to the large companies like State Farm and Allstate.

More information can be found at the links below