Lower Your 1998 Ford E-150 Insurance Rates

Looking for cheaper insurance coverage rates for your Ford E-150? I can’t think of a single person who looks forward to paying for insurance coverage, in particular when they are paying too much. There are many insurers to purchase coverage from, and although it’s a good thing to have multiple companies, it makes it harder to compare company pricing.

Compare the Market for Car Insurance

All the larger car insurance companies quote price estimates on the web. Obtaining pricing is pretty painless as you simply type in your coverage information into the quote form. When complete, the system will order your credit score and driving record and returns a price quote determined by many factors. Being able to quote online streamlines rate comparisons, but the process of having to visit each company’s website and repetitively complete many quote forms is not the best way to spend an afternoon. But it is imperative to compare as many rates as possible in order to get the best price possible.

There is an easier way!

A more efficient way to get multiple rate quotes requires only one form that gets price quotes from a lot of companies. It saves time, requires much less work on your part, and makes online price comparison a lot less work. Immediately after you send the form, it gets priced and you can choose any one of the price quotes you receive.

If you find a better price it’s easy to complete the application and buy the policy. It takes just a few minutes to complete and could lower your rates considerably.

To compare rates now, click here to open in new window and complete the simple form. If you have your current policy handy, we recommend you complete the form with the insurance coverages identical to your current policy. This helps ensure you will get rate quotes based on identical coverages.

Are you getting all your discounts?

Properly insuring your vehicles can get expensive, but companies offer discounts to cut the cost considerably. Some trigger automatically at the time you complete a quote, but a few need to be requested specifically in order for you to get them. If they aren’t giving you every credit you deserve, you are paying more than you should be.

  • Good Student Discount – A discount for being a good student can get you a discount of up to 25%. The discount lasts until age 25.
  • Discount for New Cars – Insuring a new car can save up to 30% since new cars are generally safer.
  • Sign Online – Some insurance companies give back up to $50 for buying your policy on their website.
  • Organization Discounts – Belonging to a professional or civic organization is a good way to get lower rates on your policy on E-150 insurance.
  • Bundle and Save – When you combine your home and auto insurance with one company you may save approximately 10% to 15%.
  • Claim Free – Drivers with accident-free driving histories pay much less when compared to bad drivers.

It’s important to understand that most of the big mark downs will not be given to the entire cost. A few only apply to the price of certain insurance coverages like medical payments or collision. Even though it may seem like having all the discounts means you get insurance for free, it doesn’t quite work that way. Any qualifying discounts will cut your premiums.

To see a list of companies offering insurance discounts, click here to view.

When might I need an agent?

When choosing the best insurance coverage coverage, there isn’t really a perfect coverage plan. Everyone’s situation is a little different so your insurance needs to address that. For instance, these questions may help you determine whether you would benefit from professional advice.

  • Will my rates increase for filing one claim?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Should I buy full coverage?
  • Is my state a no-fault state?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Does insurance cover damages from a DUI accident?
  • How much liability insurance is required?
  • Will my insurance pay for OEM parts?
  • Can I rent a car in Mexico?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to 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. It’s fast, doesn’t cost anything and can help protect your family.

Why your Ford E-150 insurance rates may be high

Smart consumers have a good feel for the rating factors that come into play when calculating your auto insurance rates. Having a good understanding of what influences your rates enables informed choices that may reward you with better auto insurance rates.

  • Being married is a good thing – Having a wife or husband can actually save you money on your auto insurance policy. Having a spouse means you’re more mature than a single person and statistics show drivers who are married are more cautious.
  • Adjust deductibles and save – Deductibles for physical damage represent how much money you are willing to pay out-of-pocket if you file a covered claim. Physical damage coverage, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. Some instances where coverage would apply are colliding with a building, damage from fire, and rolling your vehicle. The more money you are required to pay out-of-pocket, the less your company will charge you for insurance on E-150 insurance.
  • Rural vs Urban Areas – Being located in a rural area can save you money when it comes to auto insurance. Fewer drivers means reduced accidents. Drivers who live in large cities have to deal with traffic congestion and much longer commute distances. More time on the road means more change of being in an accident.
  • Don’t sacrifice liability coverage – Your policy’s liability coverage is the protection in the event that a court rules you are at fault for damages caused by your negligence. Liability provides for a legal defense which can cost thousands of dollars. Liability is cheap as compared to coverage for physical damage, so drivers should carry high limits.
  • Extra add-on coverages are wasting money – There are many extra coverages that you can buy if you aren’t careful. Things like vanishing deductibles, towing coverage and term life insurance are examples of these. These may sound like a good investment when you first buy your policy, but if they’re wasting money remove them from your policy.
  • Do you have a high stress job? – Did you know your occupation can influence how much you pay for auto insurance? Careers like lawyers, business owners and accountants tend to have higher rates than average because of stressful work requirements and lengthy work days. On the flip side, occupations like pilots, athletes and performers receive lower rates on E-150 insurance.

Are auto insurance companies telling the truth?

Drivers get pounded daily by advertisements for the lowest price auto insurance from the likes of Allstate and Progressive. All the ads make the same claim about savings if you switch your coverage to them.

How do they all say the same thing?

Insurance companies have a certain “appetite” for the driver that is profitable for them. For example, a profitable customer could be between the ages of 30 and 50, insures multiple vehicles, and has a short commute. Any driver who matches those parameters will get very good rates and is almost guaranteed to save when they switch companies.

Potential insureds who don’t measure up to the requirements will have to pay higher prices which leads to business going elsewhere. The ad wording is “customers who switch” not “everybody who quotes” save that much. That’s why insurance companies can state the savings.

Because of the profiling, drivers should get a wide range of price quotes. It is impossible to predict which insurance companies will have the lowest Ford E-150 insurance rates.

Insurance specifics

Understanding the coverages of insurance can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be confusing and coverage can change by endorsement. Below you’ll find the normal coverages found on most insurance policies.

Coverage for medical payments

Med pay and PIP coverage reimburse you for short-term medical expenses for chiropractic care, pain medications and nursing services. The coverages can be used to fill the gap from your health insurance policy 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 if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Auto liability insurance

Liability coverage protects you from damage or injury you incur to other’s property or people in an accident. It protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.

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 100/300/100 which means $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability insurance covers claims like pain and suffering, emergency aid, loss of income, attorney fees and medical services. How much liability coverage do you need? That is your choice, but buy as high a limit as you can afford.

Comprehensive coverages

This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like theft, hitting a deer, damage from flooding and damage from a tornado or hurricane. The maximum payout your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision protection

This covers damage to your E-150 resulting from a collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things such as driving through your garage door, damaging your car on a curb, rolling your car, crashing into a building and sideswiping another vehicle. This coverage can be expensive, so consider removing coverage from lower value vehicles. You can also bump up the deductible to save money on collision insurance.

Uninsured and underinsured coverage

This coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your Ford E-150.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally these coverages are similar to your liability insurance amounts.

In the end, you save

When trying to cut insurance costs, you should never skimp on coverage in order to save money. There have been many cases where someone dropped collision coverage only to discover later that they should have had better coverage. The aim is to buy enough coverage at an affordable rate, not the least amount of coverage.

In this article, we covered some good ideas how you can lower your 1998 Ford E-150 insurance rates. The key thing to remember is the more quotes you get, the better likelihood of reducing your rate. You may even discover the biggest savings come from the least-expected company. Some small companies can often insure niche markets at a lower cost as compared to the big name companies such as State Farm, Geico and Nationwide.

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