Compare 2016 Ford Transit Van Car Insurance Cost

Want lower car insurance rates for your Ford Transit Van? When looking for lower-priced insurance, are you confused by the wide range of car insurance choices in your area? consumers have such a large number of options that it can easily turn into a ton of work to find lower prices.

It’s a good idea to do price comparisons once or twice a year because rates are adjusted regularly by insurance companies. Even if you got the best rate for Transit van insurance last year the chances are good that you can find a lower price today. Forget anything you know (or think you know) about car insurance because I’m going to let you in on the secrets to the proper way to eliminate unnecessary coverages and save money.

Six factors that impact insurance prices

Lots of factors are considered when pricing auto insurance. Some of the criteria are obvious such as traffic violations, but some are more obscure like your vehicle usage and annual miles driven.Part of the auto insurance buying process is learning the different types of things that play a part in calculating your policy premiums. If you have some idea of what positively or negatively impacts your premiums, this enables you to make decisions that may result in much lower annual insurance costs.

  • Your spouse saves you money – Being married may save some money on your auto insurance policy. It may mean you are more mature and statistics prove drivers who are married are more cautious.
  • Higher deductibles are cheaper – Comp and collision deductibles define the amount you are willing to pay if a claim is determined to be covered. Physical damage protection, otherwise known as comp (or other than collision) and collision, protects your car from damage. Examples of some claims that would be covered are collision with another vehicle, vandalism, and having a roll-over accident. The more expense the insured has to pay upfront, the better rate you will receive for Transit van insurance.
  • Save money by eliminating extra policy coverages – There are a lot of additional coverages that you can get tricked into buying but may not be useful. Insurance for coverage for rental cars, death and dismemberment, and motor club memberships may be costing you every month. You may think they are a good idea when discussing your needs, but your money might be better spent on other coverage so consider taking them off your policy.
  • Too many insurance claims and you’ll pay more – Car insurance companies generally give discounts to people who only file infrequent claims. If you are the type of insured that files lots of claims you can look forward to increased rates or even have your policy non-renewed. Insurance coverage is intended for larger claims.
  • Vehicle theft costs us all – Purchasing a vehicle with a theft deterrent system can help lower your rates. Theft deterrent systems like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart your vehicle from being stolen.
  • Liability coverage – The liability section of your policy kicks in if ever you are found liable for causing personal injury or damage in an accident. It provides legal defense to defend your case. Liability insurance is pretty cheap compared to insuring for physical damage coverage, so do not cut corners here.

Lower rate quotes by taking advantage of discounts

Buying insurance coverage is not cheap, but you might be missing out on some discounts that could help you make your next renewal payment. Some of these disounts will be visible when you get a quote, but a few must be specifically requested prior to receiving the credit.

  • Drivers Ed for Students – It’s a good idea to have your young drivers successfully complete driver’s ed class as it will make them better drivers and lower rates.
  • Defensive Driver Discount – Taking part in a course teaching defensive driver skills is a good idea and can lower rates depending on where you live.
  • Discounts for Cautious Drivers – Drivers who don’t get into accidents can get discounts for up to 45% lower rates for Transit van insurance than their less cautious counterparts.
  • Federal Government Employee – Active or former government employment can save as much as 8% for Transit van insurance depending on your insurance coverage provider.
  • Auto/Home Discount – When you have multiple policies with the same company you could save approximately 10% to 15%.
  • Air Bag Discount – Vehicles with factory air bags can qualify for discounts of more than 20%.
  • Telematics Data Discounts – Drivers who elect to allow their insurance company to monitor when and where they use their vehicle by using a telematic data system such as State Farm’s In-Drive may see discounts as long as the data is positive.
  • Good Students Pay Less – Performing well in school could provide a savings of up to 20% or more. This discount can apply up to age 25.

As a disclaimer on discounts, most discount credits are not given to all coverage premiums. Most cut specific coverage prices like comp or med pay. Even though it may seem like all those discounts means the company will pay you, company stockholders wouldn’t be very happy.

A few of the larger companies and a summarized list of policyholder discounts are detailed below.

  • Farm Bureau policyholders can earn discounts including youthful driver, 55 and retired, safe driver, good student, driver training, and multi-policy.
  • MetLife may offer discounts for good driver, accident-free, multi-policy, defensive driver, and good student.
  • Progressive has discounts for online quote discount, multi-policy, online signing, homeowner, and multi-vehicle.
  • AAA offers discounts including pay-in-full, good student, education and occupation, multi-car, and multi-policy.
  • American Family includes discounts for early bird, accident-free, TimeAway discount, good student, and good driver.
  • Geico has savings for seat belt use, five-year accident-free, anti-theft, driver training, and defensive driver.
  • State Farm discounts include student away at school, defensive driving training, good student, Steer Clear safe driver discount, and Drive Safe & Save.

When getting free insurance coverage quotes, it’s a good idea to each company to apply every possible discount. Some discounts listed above may not apply to policyholders in your area. To find insurance companies that offer discounts, click here to view.

How much insurance do I need?

When it comes to choosing the right insurance coverage for your vehicles, there really is not a perfect coverage plan. Everyone’s situation is unique.

These are some specific questions can aid in determining if your situation would benefit from professional advice.

  • Do I have coverage if my license is suspended?
  • What is the minimum liability in my state?
  • What can I do if my company won’t pay a claim?
  • What is the ISO rating for a 2016 Ford Transit Van?
  • Are all vehicle passengers covered by medical payments coverage?
  • Is my ex-spouse still covered by my policy?
  • How high should my uninsured/underinsured coverage be in my state?
  • What is PIP insurance?
  • When should I remove comp and collision on my 2016 Ford Transit Van?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form.

Car insurance coverage basics

Knowing the specifics of a car insurance policy can be of help when determining the right coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and reading a policy is terribly boring.

Comprehensive insurance

Comprehensive insurance covers damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like damage from getting keyed, damage from a tornado or hurricane and damage from flooding. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Liability coverages

Liability coverage provides protection from damage that occurs to a person or their property in an accident. It protects YOU from claims by other people, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability can pay for things like bail bonds, structural damage, funeral expenses and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but you should buy as much as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and damage to your Ford Transit Van.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Auto collision coverage

This covers damage to your Transit Van caused by collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like damaging your car on a curb, backing into a parked car, hitting a mailbox, scraping a guard rail and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. It’s also possible to raise the deductible to save money on collision insurance.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses such as funeral costs, X-ray expenses, rehabilitation expenses, pain medications and EMT expenses. They are used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. It covers all vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Saving money is sweet as honey

Some insurance coverage companies may not offer online price quotes regional carriers only sell coverage through independent insurance agents. Budget-conscious 2016 Ford Transit Van insurance can be found online in addition to local insurance agencies, and you should compare price quotes from both to have the best selection.

We covered a lot of information how to save on 2016 Ford Transit Van insurance. It’s most important to understand that the more companies you get car insurance rates for, the better likelihood of getting low cost insurance coverage. Consumers may even find the biggest savings come from some of the smallest insurance companies.

Consumers leave their current company for any number of reasons including poor customer service, policy non-renewal, extreme rates for teen drivers or even unfair underwriting practices. Regardless of your reason, choosing a new insurance company is pretty easy and you might even save some money in the process.

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