Compare 2005 Ford Ranger Car Insurance Rates

People new to buying insurance online might discover finding cut-rate insurance is not as easy as it seems.

Finding the best rates is easy if you know what you’re doing. Just about anyone who has to buy auto insurance most likely will be able to lower their premiums. Although drivers must learn how insurance companies market insurance on the web and apply this information to your search.

These discounts can lower your rates

Companies don’t list all their discounts in a way that’s easy to find, so we researched some of the best known as well as the least known insurance savings.

  • Discount for Swiching Early – A few companies offer discounts for switching to them before your current policy expires. The savings is around 10%.
  • Low Mileage Discounts – Fewer annual miles on your Ford can earn lower rates on the low mileage vehicles.
  • Drivers Education – Cut your cost by having your teen driver successfully complete driver’s ed class if it’s offered in school.
  • Anti-lock Brake Discount – Vehicles equipped with ABS or steering control can reduce accidents and therefore earn up to a 10% discount.
  • Auto/Home Discount – If you insure your home and vehicles with the same company you may earn approximately 10% to 15%.

As a disclaimer on discounts, most discounts do not apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as medical payments or collision. So when it seems like adding up those discounts means a free policy, it just doesn’t work that way.

Car insurance companies that may have some of the above discounts include:

Before buying, ask each company how you can save money. Discounts might not be offered in every state.

Parts of the Ford Ranger rate equation

Smart consumers have a good feel for the different types of things that come into play when calculating the price you pay for auto insurance. Having a good understanding of what influences your rates empowers consumers to make smart changes that could result in big savings.

  • Lower rates come with age – Youthful drivers are known to be more careless in a vehicle so they pay higher auto insurance rates. Mature drivers are viewed as being more responsible, statistically cause fewer accidents and receive fewer citations.
  • Occupation reflects on rates – Did you know your auto insurance rates can be affected by your occupation? Occupations like judges, business owners and financial analysts tend to have higher average rates in part from stressful work requirements and long work hours. Conversely, professions such as actors, engineers and performers receive lower rates for Ranger insurance.
  • Drive a safer car and pay less – Cars with high safety ratings can get you lower premiums. Safe vehicles have better occupant injury protection and any reduction in injury severity translates into savings for insurance companies passed on to you as lower rates. If your Ford Ranger has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.
  • Adjust deductibles and save – Physical damage deductibles represent how much money you are required to spend in the event of a claim. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Examples of covered claims would be colliding with a building, damage caused by hail, or theft. The higher the amount you’re willing to pay, the bigger discount you will receive for Ranger insurance.
  • Extra add-on coverages are wasting money – There are many additional coverages that you can get tricked into buying if you aren’t careful. Coverages for personal injury protection, accidental death and term life insurance are some examples. They may seem like a good idea at first, but if they’re wasting money eliminate them to save money.
  • Consolidate policies to earn discounts – The majority of insurers will award you with lower prices to customers who consolidate policies with them in the form of a multi-policy discount. Even with this discount, it’s still a good idea to shop around to ensure the best deal. Consumers may find better rates by splitting coverages up.
  • Optional equipment can affect rates – Choosing a vehicle with an alarm system can help bring down rates. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart auto theft.

Different people need different coverages

When it comes to buying the right insurance coverage, there isn’t really a perfect coverage plan. Everyone’s situation is a little different.

For instance, these questions could help you determine if your insurance needs could use an agent’s help.

  • Who is covered by my policy?
  • Are my friends covered when driving my 2005 Ford Ranger?
  • Can I drive in Mexico and have coverage?
  • How can I find cheaper teen driver insurance?
  • Does my policy cover my teen driver if they drive my company car?
  • Is my state a no-fault state?
  • Do I pay less if my vehicle is kept in my garage?
  • Should I have a commercial auto policy?

If you’re not sure about those questions, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, fill out this quick form.

Auto insurance coverages explained

Understanding the coverages of auto insurance helps when choosing the right coverages at the best deductibles and correct limits. Auto insurance terms can be confusing and nobody wants to actually read their policy.

Comprehensive coverages – Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as a broken windshield, a tree branch falling on your vehicle, hitting a bird and hail damage. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your Ford Ranger.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Liability coverage – Liability insurance can cover damage or injury you incur to other’s property or people by causing an accident. It protects YOU against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 100/300/100 which stand for a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage protects against claims like pain and suffering, funeral expenses, repair bills for other people’s vehicles, legal defense fees and court costs. How much liability coverage do you need? That is your choice, but consider buying as large an amount as possible.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage pay for bills for things like dental work, pain medications, funeral costs, hospital visits and EMT expenses. The coverages can be used in conjunction with a health insurance plan or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and also covers being hit by a car walking across the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Collision coverages – Collision coverage will pay to fix damage to your Ranger caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like colliding with a tree, hitting a mailbox, crashing into a ditch, hitting a parking meter and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Another option is to choose a higher deductible to bring the cost down.

Saving money makes a lot of cents

The cheapest 2005 Ford Ranger insurance can be found online as well as from independent agents, and you need to price shop both to have the best rate selection. Some insurance companies don’t offer the ability to get a quote online and many times these small insurance companies only sell through independent insurance agents.

Throughout this article, we presented quite a bit of information on how to lower your insurance rates. The key concept to understand is the more providers you compare, the better likelihood of reducing your rate. You may even discover the best prices are with an unexpected company.

People who switch companies do it for many reasons like being labeled a high risk driver, extreme rates for teen drivers, poor customer service and denial of a claim. It doesn’t matter what your reason, choosing a new company is actually quite simple.

Additional information is available on the following sites: