How Much Does 2007 Ford Ranger Insurance Cost?

Looking for lower car insurance rates for your Ford Ranger? Perplexed by the number of car insurance companies? Many other consumers are too. There are so many companies to choose from that it can easily become a challenge to find the lowest price.

It’s a good habit to get comparison quotes on a regular basis because insurance rates are usually higher with each renewal. Despite the fact that you may have had the best rates for Ranger coverage a couple years back other companies may now be cheaper. So just forget all the misinformation about car insurance because you’re about to learn how to use the internet to save on car insurance.

Ford Ranger rates influenced by many factors

It’s important that you understand the factors that help determine your insurance coverage rates. Knowing what influences your rates helps enable you to make changes that could result in lower insurance coverage prices.

  • Your car’s features help determine rates – Owning a car that has an advanced theft prevention system can get you a discount on your insurance coverage. Anti-theft features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent your vehicle from being stolen.
  • Proper usage rating affects rates – Driving more miles every year the higher your rate. The majority of insurers apply a rate based on how the vehicle is used. Autos not used for work or commuting get more affordable rates as compared to vehicles used primarily for driving to work. Ask your agent if your insurance coverage coverage is rated on the proper vehicle usage. If your policy improperly rates your Ranger may be wasting your money.
  • Your age impacts your rates – Youthful drivers are statistically proven to be more careless when driving so insurance coverage rates are higher. Having to add a youthful driver onto your insurance coverage can be very expensive. More mature drivers are viewed as being more responsible, statistically cause fewer accidents and are safer drivers.
  • Allowing your policy to lapse raises rates – Driving without insurance can get your license suspended and as a result your rates will increase for letting your insurance expire. Not only will you pay more, getting caught without coverage will get you a revoked license or a big fine.You may have to prove you have insurance by filing a SR-22 with your state department of motor vehicles.

Save on Ford Ranger insurance

Car insurance is not cheap, buy you may qualify for discounts to reduce the price significantly. Some trigger automatically at quote time, but some may not be applied and must be inquired about before they will apply.

  • Auto/Home Discount – When you combine your home and auto insurance with the same company you could get a discount of approximately 10% to 15%.
  • Student Driver Training – Make teen driver coverage more affordable by requiring them to enroll in driver’s education in high school.
  • Anti-lock Brake System – Vehicles equipped with ABS or steering control prevent accidents and qualify for as much as a 10% discount.
  • Air Bag Discount – Vehicles equipped with air bags can get savings of up to 25% or more.
  • Pay Upfront and Save – By paying your policy upfront instead of paying each month you may reduce your total bill.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and earn discounts up to 10%.
  • Safe Driver Discount – Insureds without accidents can get discounts for up to 45% lower rates for Ranger coverage than drivers with accidents.
  • Seat Belt Usage – Requiring all passengers to buckle their seat belts could cut 10% or more off the personal injury premium cost.

As a disclaimer on discounts, some credits don’t apply to your bottom line cost. Some only apply to the cost of specific coverages such as physical damage coverage or medical payments. Just because it seems like it’s possible to get free car insurance, companies don’t profit that way. Any qualifying discounts will bring down the amount you have to pay.

A partial list of companies who might offer these discounts may include but are not limited to:

Double check with all companies you are considering what discounts are available to you. Discounts may not apply in your state.

Slick advertising tricks that work

Companies like Allstate, Geico and Progressive continually stream ads on TV and radio. All the ads say the same thing about savings after switching your policy. But how can every company make almost identical claims?

Insurance companies can use profiling for the type of customer they prefer to insure. For instance, a profitable customer could possibly be between the ages of 40 and 55, owns a home, and has a short commute. A propective insured who fits that profile will get very good rates and is almost guaranteed to save when switching.

Drivers who don’t measure up to these standards must pay higher prices and this can result in business going elsewhere. Company advertisements say “customers that switch” not “everybody who quotes” save that kind of money. That’s the way insurance companies can advertise the savings.

This illustrates why drivers must get quotes from several different companies. You cannot predict the company that will give you the biggest savings on Ford Ranger insurance.

Tailor your coverage to you

When it comes to buying the right insurance coverage for your vehicles, there is no one size fits all plan. Everyone’s needs are different.

These are some specific questions may help highlight whether you might need professional guidance.

  • Is my 2007 Ford Ranger covered for smoke damage?
  • Are split liability limits better than a combined single limit?
  • Why is insurance for a teen driver so high?
  • What is UM/UIM insurance?
  • Do I need an umbrella policy?
  • Do I need roadside assistance coverage?
  • Is a blown tire covered by insurance?
  • I have good health insurance, so how much medical payments coverage do I need?
  • What happens if I owe more than my 2007 Ford Ranger is worth?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find an agent in your area, take a second and complete this form.

Specific coverage details

Knowing the specifics of your policy aids in choosing the right coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Liability insurance

Liability coverage can cover damage that occurs to other’s property or people that is your fault. This coverage protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 25/50/25 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Occasionally you may see a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability can pay for things like attorney fees, emergency aid, medical services and repair costs for stationary objects. How much liability should you purchase? That is a personal decision, but buy as large an amount as possible.

Collision coverage

This 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 your collision coverage will kick in.

Collision insurance covers claims like backing into a parked car, hitting a mailbox, sideswiping another vehicle and rolling your car. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. You can also bump up the deductible to save money on collision insurance.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage provides protection when the “other guys” either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your 2007 Ford Ranger.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Most of the time these limits do not exceed the liability coverage limits.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage pay for immediate expenses for things like doctor visits, funeral costs, pain medications and dental work. They are often utilized in addition to your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Comprehensive insurance

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as theft, hail damage, fire damage, falling objects and hitting a bird. The maximum amount your insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Stretch your dollar

In this article, we presented a lot of information how to shop for 2007 Ford Ranger insurance online. The most important thing to understand is the more times you quote, the better your comparison will be. You may be surprised to find that the biggest savings come from a small mutual company.

Budget-conscious insurance can be sourced on the web in addition to many insurance agents, and you need to price shop both to have the best rate selection. Some insurance providers do not provide online price quotes and many times these smaller companies only sell through independent insurance agents.

As you restructure your insurance plan, make sure you don’t buy less coverage just to save a little money. There are a lot of situations where someone dropped full coverage to discover at claim time they didn’t purchase enough coverage. The ultimate goal is to buy a smart amount of coverage for the lowest price while not skimping on critical coverages.

Additional insurance coverage information is available on the following sites: