Searching for cheaper car insurance rates for your Ford Transit Connect? If shopping for insurance quotes online is new to you, there’s a good chance you are overwhelmed thanks to all the different types of car insurance companies offering insurance.
If you have car insurance now, you stand a good chance to be able to cut costs considerably using these methods. Buying affordable protection is not that difficult. But drivers can benefit by having an understanding of how big insurance companies sell online because it can help you find the best coverage.
The fastest way that we advise to compare insurance rates from multiple companies is to know the trick most of the bigger providers actually pay money for the chance to provide you with a free rate quote. To start a quote, the only thing you need to do is provide information like your job, if the vehicle is leased, the type of vehicles you drive, and an estimate of your credit level. That rating data gets sent immediately to many different companies and they provide comparison quotes almost instantly.
Some insurance providers don’t list every available discount in an easy-to-find place, so we took the time to find some of the more common and also the lesser-known credits available to bring down your rates.
A little note about advertised discounts, many deductions do not apply to the entire policy premium. Most only reduce specific coverage prices like liability, collision or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, companies wouldn’t make money that way. Any amount of discount will positively reduce the premium cost.
If you would like to choose from a list of insurance companies with discount rates, click this link.
Part of the insurance buying process is learning some of the factors that help calculate the level of your policy premiums. If you have some idea of what impacts premium levels, this helps enable you to make changes that may result in lower rates. Many factors are used in the calculation when quoting car insurance. Some are obvious like a motor vehicle report, but others are less apparent like your continuous coverage or how safe your car is.
The following are a few of the things insurance companies consider when setting your rate level.
When it comes to choosing the right insurance coverage, there isn’t really a “perfect” insurance plan. Every situation is different.
For instance, these questions may help you determine if your situation may require specific advice.
If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an insurance agent. If you want to speak to an agent in your area, fill out this quick form.
Insurance coverage providers like State Farm and Allstate continually stream television, radio, and online ads. They all make the same claim that you can save after switching to them. How can each company have lower policy pricing? It’s all in the words they use.
Most companies give the cheapest rates for the right customer that earns them the most money. For instance, this type of driver may need to be a female over age 40, has had continuous coverage, and does not commute to work. Any driver that matches those criteria will get a cheap rate quote and therefore will save money with a new company.
Potential insureds who fall outside these stringent criteria will be quoted a higher rate and the customer buying from someone else. If you pay attention, the ads say “drivers who switch” not “everybody who quotes” save that much when switching. That’s the way insurance companies can confidently make those claims. This illustrates why it is so important to quote coverage with many companies. Because without a comparison, you cannot know which company will have the lowest rates.
Knowing the specifics of your car insurance policy helps when choosing the best coverages and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.
Collision – Collision coverage will pay to fix damage to your Transit Connect caused by collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage pays for things such as sustaining damage from a pot hole, crashing into a ditch and damaging your car on a curb. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Another option is to increase the deductible to save money on collision insurance.
Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as damage to your 2015 Ford Transit Connect.
Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.
Liability coverages – Liability insurance can cover damages or injuries you inflict on a person or their property in an accident. This coverage protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 100/300/100 which means a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.
Liability insurance covers things like attorney fees, loss of income, medical services and repair bills for other people’s vehicles. The amount of liability coverage you purchase is your choice, but consider buying as much as you can afford.
Medical payments coverage and PIP – Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for things like prosthetic devices, EMT expenses, chiropractic care, nursing services and surgery. They are used to fill the gap from your health insurance policy or if you do not have health coverage. They cover you and your occupants as well as being hit by a car walking across the street. PIP coverage is not available in all states but can be used in place of medical payments coverage
Comprehensive coverage – Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things like vandalism, damage from a tornado or hurricane and falling objects. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.
Consumers leave their current company for any number of reasons including extreme rates for teen drivers, delays in paying claims, high prices or even poor customer service. It doesn’t matter what your reason, switching car insurance companies is easier than you think.
As you go through the steps to switch your coverage, don’t be tempted to sacrifice coverage to reduce premiums. In many cases, an insured cut collision coverage only to regret that it was a big error on their part. The proper strategy is to buy a smart amount of coverage at a price you can afford, but do not sacrifice coverage to save money.
Some car insurance companies may not provide rates over the internet and these smaller companies only sell coverage through local independent agents. Budget-friendly car insurance can be sourced from both online companies in addition to many insurance agents, and you should compare rates from both to get a complete price analysis.
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