2003 Ford F-150 Insurance Rates – 9 Tips to Save

Finding budget car insurance on the internet may seem to be impossible for price shopping on the internet. With so many agents and companies in the marketplace, how can you be able to compare every one to find lower car insurance premiums?

How to get free auto insurance quotes online

There are multiple methods to compare auto insurance quotes, but some are more efficient than others. You can waste a few hours (or days) talking about coverages with local insurance agents in your area, or you could use the internet to quickly compare rates.

All the larger companies participate in a marketplace where prospective buyers complete one form, and at least one company returns a competitive quote determined by their information. This eliminates the need for repetitive form submissions to each company.

To find out how much you can save on auto insurance click here (opens in new window).

The single downside to getting quotes like this is you don’t know exactly the providers to get quotes from. If you would rather choose specific providers to compare, we have assembled a list of companies who write auto insurance in your area. Click here to view list.

It’s up to you how you get prices quotes, just compare the exact same coverage limits and deductibles for each quote you get. If you compare different coverage information then you won’t be able to make a fair comparison for your Ford F-150. Having just a slight variation in insurance coverages or limits can make a big difference in price. Just keep in mind that comparing a wide range of rates will increase your chances of finding a lower rate than you’re paying now. Not every company provides online quotes, so it’s important to also get price estimates from the smaller companies as well.

Lower rates by qualifying for these nine discounts

Insurance can cost an arm and a leg, but there’s a good chance there are discounts that can help lower your rates. Certain discounts will be triggered automatically when you quote, but a few must be requested specifically prior to getting the savings.

  • Employee of Federal Government – Active or former government employment may qualify for a discount when you quote insurance coverage on F-150 coverage depending on your company.
  • Multi-policy Discount – When you combine your homeowners and auto insurance with the same insurance company you could save up to 20% and get you the cheapest insurance coverage.
  • Save over 55 – Mature drivers may be able to get lower premium rates on F-150 coverage.
  • Anti-lock Brakes – Cars and trucks that have anti-lock braking systems have fewer accidents and earn discounts up to 10%.
  • Professional Organizations – Being a member of a civic or occupational organization could trigger savings on your next car insurance statement.
  • Telematics Devices – Drivers who elect to allow driving data submission to look at driving manner by using a small device installed in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system might see lower rates if they are good drivers.
  • Distant College Student Discount – Older children who are enrolled in higher education away from home and do not have a car may be insured at a cheaper rate.
  • Discount for New Cars – Buying a new car model can save you some money compared to insuring an older model.
  • Drive Less and Save – Low mileage vehicles could earn discounted premium rates on garaged vehicles.

As a disclaimer on discounts, some credits don’t apply to all coverage premiums. The majority will only reduce specific coverage prices like comprehensive or collision. Just because you may think you would end up receiving a 100% discount, companies don’t profit that way.

Auto insurance companies that may include some of the discounts shown above are:

Before you buy a policy, ask each insurance company which credits you are entitled to. Some discounts listed above may not apply to policyholders everywhere. To find insurers that can offer you the previously mentioned discounts, click here.

Auto insurance is unique, just like you

When it comes to buying the best auto insurance coverage, there is no best way to insure your cars. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that can aid in determining if your insurance needs might need professional guidance.

  • How do I buy GAP insurance?
  • What can I do if my company won’t pay a claim?
  • Is upholstery damage covered by car insurance?
  • Will my rates increase for filing one claim?
  • Does insurance cover tools stolen from my truck?
  • Should I buy only the required minimum liability coverage?
  • When should I buy a commercial auto policy?
  • Can I rate high risk drivers on liability-only vehicles?

If it’s difficult to answer those questions but you know they apply to you, 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.

Smaller companies may have the best rates

Respected companies like Allstate, GEICO and Progressive seem to constantly run ads on television and other media. All the ads advertise claims about savings if you switch your policy. It sounds good, but how can they all offer drivers better rates? It’s all in the wording.

Most companies have specific guidelines for the type of driver that makes them money. A good example of this type of driver should be over the age of 50, has no claims, and drives less than 7,500 miles a year. Any driver who meets those qualifications will get very good premium rates and therefore will save a lot if they switch.

Potential insureds who don’t meet this stringent profile must pay higher prices and this can result in business going elsewhere. The trick is to say “people that switch” not “everyone that quotes” save that kind of money. That’s why companies can state the savings. This emphasizes why you absolutely need to compare rate quotes every year. It is just not possible to predict which company will have the lowest premium rates for your situation.

Specific coverage details

Learning about specific coverages of a insurance policy helps when choosing appropriate coverage for your vehicles. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Comprehensive or Other Than Collision

This will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like a tree branch falling on your vehicle, fire damage and vandalism. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

UM/UIM Coverage

Your UM/UIM coverage gives you protection when the “other guys” do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Ford F-150.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important.

Coverage for collisions

Collision insurance will pay to fix damage to your F-150 caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like backing into a parked car, crashing into a ditch, hitting a parking meter and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Another option is to increase the deductible to save money on collision insurance.

Medical costs insurance

Coverage for medical payments and/or PIP reimburse you for bills like pain medications, surgery and funeral costs. They can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay

Liability auto insurance

Liability insurance can cover damage that occurs to people or other property that is your fault. It protects YOU from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 which means a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability insurance covers things such as repair costs for stationary objects, bail bonds, structural damage and attorney fees. The amount of liability coverage you purchase is a personal decision, but you should buy as high a limit as you can afford.

Summing up your insurance coverage search

Drivers leave their current company for a number of reasons such as an unsatisfactory settlement offer, denial of a claim, policy cancellation and even questionable increases in premium. It doesn’t matter why you want to switch switching insurance coverage companies is pretty easy and you might even save some money in the process.

As you prepare to switch companies, you should never buy less coverage just to save a little money. In many instances, an accident victim reduced uninsured motorist or liability limits and learned later that it was a big mistake. The proper strategy is to find the BEST coverage at the best price while still protecting your assets.

Throughout this article, we presented some good ideas how you can shop for 2003 Ford F-150 insurance online. The key concept to understand is the more rate comparisons you have, the better your chances of lowering your premium rates. You may be surprised to find that the lowest car insurance rates are with a company that doesn’t do a lot of advertising.

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