Looking for cheaper insurance rates for your Ford Expedition? If you are a novice to online insurance shopping, you may be overwhelmed by the hoards of insurance companies all offering big savings.
You should take the time to check insurance prices occasionally due to the fact that insurance rates are constantly changing. Even if you think you had the best deal for Expedition coverage last year you can probably find a lower rate today. Forget anything you know (or think you know) about insurance because we’re going to demonstrate the quickest way to reduce your cost while improving coverage.
The purpose of this article is to help educate you on the best way to quote coverages and some tips to save money. If you have car insurance now, you stand a good chance to be able to reduce your rates substantially using this strategy. But consumers must learn how the larger insurance companies compete online and take advantage of how the system works.
There are multiple methods you can shop for 2003 Ford Expedition car insurance and some are less labor-intensive and much quicker. You could spend your day driving to insurance companies in your area, or you can utilize the web to get the quickest rates.
Many of the larger companies take part in a program where prospective buyers send in one quote, and every company returns a competitive quote based on that information. This system prevents you from having to do form submissions for every car insurance company.
To access this free quoting program, click here (opens in new window).
The one downside to pricing coverage this way is you can’t choose which insurance companies you want pricing from. If you wish to select individual companies to compare, we have a listing of low cost car insurance companies in your area. View list of insurance companies.
It’s your choice how you get your quotes, but compare exactly the same deductibles and coverage limits for every company. If your comparisons have different values for each quote it’s not possible to decipher which rate is best. Slightly different limits can mean a large discrepancy in price. It’s important to know that quoting more will improve the odds of getting the best offered rates.
Properly insuring your vehicles can get expensive, but companies offer discounts to help bring down the price. Larger premium reductions will be automatically applied at the time you complete a quote, but lesser-known reductions have to be specially asked for prior to getting the savings.
It’s important to understand that some credits don’t apply to your bottom line cost. Some only reduce the price of certain insurance coverages like comp or med pay. Just because it seems like all those discounts means the company will pay you, companies wouldn’t make money that way. But any discount will cut the cost of coverage.
Insurance companies that may have these money-saving discounts include:
It’s a good idea to ask every prospective company which discounts you may be entitled to. Savings may not be available in your state.
When choosing the best car insurance coverage, there really is no one size fits all plan. Each situation is unique.
Here are some questions about coverages that may help highlight if your insurance needs might need an agent’s assistance.
If you’re not sure about those questions but one or more may apply to you, you may need to chat with an agent. To find an agent in your area, simply complete this short form.
It’s important that you understand the factors that come into play when calculating the rates you pay for auto insurance. Knowing what influences your rates helps enable you to make changes that will entitle you to much lower annual insurance costs.
The list below includes a partial list of the pieces that factor into prices.
21st Century, Allstate and State Farm regularly use ads on TV and radio. All the companies say the same thing of big savings if you move your coverage to them. How does each company make the same claim? It’s all in the numbers.
All companies can use profiling for the right customer that earns them a profit. An example of a desirable insured could possibly be over the age of 50, a clean driving record, and chooses high deductibles. Any new insured who meets those qualifications will qualify for the lowest rates and is almost guaranteed to save a lot of money.
Potential insureds who don’t qualify for these standards will be quoted a higher premium and this can result in the customer not buying. The ad wording is “customers that switch” not “everyone that quotes” save that kind of money. That’s why insurance companies can claim big savings.
This emphasizes why you absolutely need to get a wide range of price quotes. It is impossible to predict the company that will give you the biggest savings on Ford Expedition insurance.
Having a good grasp of your insurance policy helps when choosing the right coverages and proper limits and deductibles. Policy terminology can be impossible to understand and nobody wants to actually read their policy.
Comprehensive auto coverage – This covers damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against things such as theft, hitting a deer, damage from getting keyed, a tree branch falling on your vehicle and hitting a bird. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage – This coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.
Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally the UM/UIM limits are identical to your policy’s liability coverage.
Medical payments and PIP coverage – Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for things like chiropractic care, doctor visits, ambulance fees, hospital visits and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP is not universally available but can be used in place of medical payments coverage
Collision coverages – Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims like backing into a parked car, damaging your car on a curb, sideswiping another vehicle and crashing into a building. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. Another option is to bump up the deductible to get cheaper collision coverage.
Liability coverage – Liability coverage protects you from injuries or damage you cause to people or other property. This coverage protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 25/50/25 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.
Liability coverage protects against claims such as repair bills for other people’s vehicles, pain and suffering, bail bonds and court costs. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.
Cheaper 2003 Ford Expedition insurance can be sourced on the web and with local insurance agents, and you need to comparison shop both so you have a total pricing picture. Some companies do not offer online quoting and these small, regional companies work with independent agents.
When buying insurance coverage, do not sacrifice coverage to reduce premiums. There have been many situations where an insured cut liability limits or collision coverage and found out when filing a claim that it was a big mistake. Your focus should be to buy a smart amount of coverage at a price you can afford.
We just showed you a lot of techniques to shop for insurance online. The most important thing to understand is the more companies you get rates for, the more likely it is that you will get a better rate. You may even find the lowest premiums are with a company that doesn’t do a lot of advertising.
Additional detailed information can be found at these sites: