2000 Ford F-150 Car Insurance Rates – 8 Policy Discounts

Trying to find better insurance rates for your Ford F-150? Having to pay for pricey insurance can dwindle your bank account and force you to make tough financial choices. Comparison shopping can help to lower your monthly bill.

Many auto insurance companies vie for your business, so it can be very hard to choose a provider to find the absolute cheapest price

If you currently have a car insurance policy, you will be able to cut costs considerably using this strategy. Finding the best rates is easy if you know what you’re doing. But drivers should learn the way insurance companies determine prices and take advantage of how the system works.

Cheaper insurance rates with discounts

Car insurance companies don’t always list the complete list of policy discounts very clearly, so we break down both the well known and also the more inconspicuous ways to save on insurance. If you don’t get every credit available, you are paying more than you should be.

  • Discount for Passive Restraints – Vehicles equipped with air bags or automatic seat belts can get savings of up to 25% or more.
  • Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to use their safety belts can save a little off the PIP or medical payment premium.
  • Telematics Data Discounts – Drivers who elect to allow their insurance company to monitor driving manner remotely like Drivewise from Allstate or In-Drive from State Farm may get a rate reduction as long as the data is positive.
  • Payment Discounts – If you can afford to pay the entire bill rather than spreading payments over time you can avoid monthly service charges.
  • E-sign Discounts – Some insurance companies will provide an incentive for completing your application online.
  • Accident Waiver – Not really a discount, but companies like State Farm and GEICO allow you one accident without getting socked with a rate hike if you are claim-free prior to the accident.
  • No Claim Discounts – Insureds with no claims or accidents are rewarded with significantly better rates on car insurance quote as compared to insureds who have frequent claims or accidents.
  • Homeowners Discount – Owning your own home or condo may trigger a policy discount on insurance because owning a home shows financial diligence.

You can save money using discounts, but some credits don’t apply to the entire policy premium. The majority will only reduce the cost of specific coverages such as medical payments or collision. So even though you would think all the discounts add up to a free policy, companies don’t profit that way.

Larger insurance companies and the discounts they provide are outlined below.

  • State Farm offers discounts including good driver, defensive driving training, accident-free, student away at school, and anti-theft.
  • GEICO may offer discounts for military active duty, anti-theft, anti-lock brakes, federal employee, emergency military deployment, and seat belt use.
  • Progressive includes discounts for online quote discount, multi-policy, good student, online signing, continuous coverage, and multi-vehicle.
  • 21st Century has savings for homeowners, good student, 55 and older, air bags, student driver, teen driver, and anti-lock brakes.
  • American Family may include discounts for multi-vehicle, defensive driver, air bags, accident-free, and Steer into Savings.
  • The Hartford has discounts for anti-theft, good student, driver training, defensive driver, air bag, and vehicle fuel type.
  • AAA may have discounts that include multi-policy, good driver, multi-car, pay-in-full, AAA membership discount, and anti-theft.

If you need cheaper car insurance quotes, ask all the companies which discounts they offer. Discounts might not apply in your area.

Misconceptions in car insurance advertisements

Respected companies like State Farm and Allstate consistently run television, radio, and online ads. All the ads say the same thing that you can save if you just switch your coverage to them. How is it possible that every company can cost less than your current company? This is the way they can do it.

Insurance companies have underwriting criteria for the driver that will not have excessive claims. For instance, this type of risk profile might be between 30 and 50, owns a home, and has excellent credit. Any customer who fits those characteristics will most likely get cheap auto insurance rates and is almost guaranteed to cut their rates substantially.

Potential customers who cannot meet the ideal profile will be quoted higher premium rates with the end result being the customer buying from a different company. If you pay close attention to the ads, they say “customers that switch” but not “everyone who gets a quote” can get the lowest rates when switching. This is how insurance companies can claim big savings.

Because of this risk profiling, it is so important to do a price quote comparison at every renewal. It’s impossible to know which insurance companies will have the best prices for your profile.

Tailor your insurance coverage coverage to you

When buying the right insurance coverage for your personal vehicles, there is no best way to insure your cars. Everyone’s situation is a little different so your insurance needs to address that. For example, these questions could help you determine whether your personal situation would benefit from professional advice.

  • Can I afford low physical damage deductibles?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Will my rates increase for filing one claim?
  • Why do I need rental car insurance?
  • If I drive on a suspended license am I covered?
  • Are there companies who specialize in insuring high-risk drivers?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier

Auto insurance coverages

Having a good grasp of your car insurance policy can help you determine the best coverages and proper limits and deductibles. Policy terminology can be confusing and reading a policy is terribly boring. These are typical coverages available from car insurance companies.

Collision – This pays for damage to your F-150 resulting from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as colliding with another moving vehicle, hitting a parking meter and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage provides protection from other motorists when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants and damage to your Ford F-150.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Usually the UM/UIM limits are similar to your liability insurance amounts.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance pay for bills like dental work, hospital visits, rehabilitation expenses and doctor visits. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. They cover you and your occupants as well as any family member struck as a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Liability – This will cover damage or injury you incur to a person or their property. This insurance protects YOU against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Another option is a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for claims like medical expenses, funeral expenses, structural damage and court costs. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive coverage – Comprehensive insurance pays for damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as vandalism, fire damage, damage from a tornado or hurricane and a broken windshield. The highest amount your car insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Affordable insurance is out there

As you prepare to switch companies, it’s a bad idea to reduce needed coverages to save money. There have been many cases where an insured dropped physical damage coverage only to discover later they didn’t have enough coverage. Your strategy should be to buy the best coverage you can find at the best price but still have enough coverage for asset protection.

We’ve covered some good ideas how to save on 2000 Ford F-150 insurance. It’s most important to understand that the more companies you get rates for, the better your comparison will be. Consumers may even find the best prices are with a lesser-known regional company. These smaller insurers often have lower rates on specific markets than the large multi-state companies such as State Farm, GEICO and Nationwide.

Cheaper car insurance is attainable online and also from your neighborhood agents, so get free car insurance quotes from both of them to have the best selection. There are still a few companies who do not offer online price quotes and these small, regional companies only sell coverage through independent agents.

More detailed car insurance information is available at these sites: