View 2002 Ford F-150 Car Insurance Rates

Want cheaper auto insurance rates for your Ford F-150? No one looks forward to buying auto insurance, especially knowing they are paying too much. You have multiple insurance companies to insure vehicles with, and though it is a good thing to have a choice, lots of choices makes it harder to find the lowest cost provider.

It’s a good habit to compare prices yearly since rates tend to go up over time. Just because you found the lowest rates for F-150 coverage a few years ago a different company probably has better rates today. There is a lot of bad information regarding auto insurance on the web, but we’re going to give you a lot of great tips on how to save money.

The purpose of this article is to teach you how to get online quotes and some money-saving tips. If you are paying for car insurance now, you should be able to lower your premiums substantially using these methods. Vehicle owners just need to know the most effective way to buy insurance online.

How to Get Cheap Car Insurance

There are several ways to compare Ford F-150 car insurance prices but one way is less time-consuming than others. You can spend your afternoon talking to insurance agencies in your area, or you can utilize online quoting to maximize your effort.

Most car insurance companies participate in an industry program that allows shoppers to enter their coverage request one time, and each company returns a competitive quote based on the submitted data. This prevents consumers from doing quotation requests to each company. To find out how much you can save on car insurance click to open in new window.

The one downside to getting quotes like this is that consumers can’t choose the providers you will receive quotes from. So if you want to select individual companies to compare rates, we have assembled a list of the cheapest car insurance companies in your area. Click here for list of insurance companies.

It doesn’t matter which method you choose, just ensure you’re using apples-to-apples coverage limits and deductibles with every price quote. If you use mixed coverages it will be impossible to find the best deal for your Ford F-150.

Insurance ads bend the truth

Consumers get pounded daily by advertisements for cheaper car insurance by companies like Progressive, Allstate and Geico. All the companies have a common claim that you’ll save big after switching to them.

But how can every company claim to save you money? It’s all in the numbers.

All companies have a preferred profile for the driver that earns them a profit. For example, a desirable insured could possibly be between 30 and 50, insures multiple vehicles, and has a high credit rating. A driver who matches those parameters gets the lowest rates and therefore will save quite a bit of money when switching.

Potential customers who do not match these standards will have to pay a higher premium which usually ends up with the customer not buying. Company advertisements say “people who switch” not “everybody who quotes” save that kind of money. This is how companies can advertise the way they do.

Because of the profiling, it is so important to get as many comparisons as possible. It’s not possible to predict the company that will fit your personal profile best.

Ford F-150 insurance rates have many determining factors

It’s important that you understand some of the elements that help determine the rates you pay for insurance coverage. Knowing what controls the rates you pay helps enable you to make changes that may reward you with much lower annual insurance costs.

The following are a few of the “ingredients” that factor into rates.

  • Don’t get talked into coverage you don’t need – There are many extra bells and whistles that you can get tricked into buying on your insurance coverage policy. Coverages like personal injury protection, accidental death and term life insurance are some examples. They may seem good at first, but if they’re wasting money get rid of them and save.
  • Safer cars cost less to insure – Safer cars get lower rates. The safest vehicles protect occupants better and any reduction in injury severity means less money paid by your insurance company and more competitive rates for policyholders. If the Ford F-150 is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
  • Special features that cut premiums – Choosing a vehicle with a theft deterrent system can help bring down rates. Anti-theft devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart your car from being stolen.
  • How’s your driving record? – Careful drivers tend to pay less for car insurance compared to drivers with tickets. Just one citation can boost insurance rates twenty percent or more. If you have flagrant violations such as reckless driving, hit and run or driving under the influence may find they need to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to keep their license.
  • Men pay higher rates – Statistics show that women are safer drivers than men. Now that doesn’t mean men are worse drivers. They both have accidents in similar numbers, but the males tend to have more serious accidents. They also have more aggressive citations like DUI and reckless driving.
  • Where you reside plays a part – Being located in less populated areas can be a good thing when talking about insurance coverage. City drivers have much more traffic and longer commute times. Fewer drivers means a lower chance of having an accident and a lower car theft rate.
  • Do you work long hours in a high stress job? – Occupations such as judges, executives and stock brokers are shown to have the highest rates attributed to high stress levels and lots of time spent at work. On the other hand, occupations such as farmers, students and retirees pay the least for F-150 coverage.
  • Poor credit can mean higher rates – A driver’s credit history is a important factor in your rate calculation. If your credit history is not that good, you could be paying less to insure your 2002 Ford F-150 by spending a little time repairing your credit. Consumers who have high credit scores tend to be less risk to insure than those with lower credit scores.

Discounts mean cheaper Ford F-150 insurance rates

Car insurance is not cheap, but companies offer discounts to help bring down the price. Certain discounts will be triggered automatically at the time of quoting, but less common discounts must be asked about before you will receive the discount. If you aren’t receiving every discount you deserve, you are paying more than you should be.

  • Auto/Life Discount – Larger companies have lower rates if you buy life insurance.
  • Low Mileage Discounts – Low mileage vehicles can qualify you for better rates on cars that stay parked.
  • Safety Course Discount – Completing a driver safety course could save 5% or more if your company offers it.
  • Military Discounts – Having a family member in the military could mean lower rates.
  • Driver’s Ed – Cut your cost by having your teen driver take driver’s ed class in school.

It’s important to understand that most discounts do not apply to all coverage premiums. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So when it seems like it’s possible to get free car insurance, it doesn’t quite work that way. Any qualifying discounts will bring down your overall premium however.

To see a list of insurers with the best insurance discounts, click here to view.

Tailor your coverage to you

When it comes to choosing the right insurance coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Every situation is different so this has to be addressed. For example, these questions might help in determining whether your personal situation could use an agent’s help.

  • What vehicles should carry emergency assistance coverage?
  • Is my teenager covered with friends in the car?
  • Is my cargo covered for damage or theft?
  • How do I insure my teen driver?
  • Do all my vehicles need collision coverage?
  • Is my custom paint covered by insurance?

If you don’t know the answers to these questions, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area. It’s fast, free and can provide invaluable advice.

Coverages available on your insurance policy

Understanding the coverages of your insurance policy helps when choosing the right coverages for your vehicles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages found on most insurance policies.

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your 2002 Ford F-150.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is a good idea. Frequently the UM/UIM limits do not exceed the liability coverage limits.

Comprehensive coverage – Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like falling objects, damage from getting keyed, theft and hitting a deer. The most you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Liability – This coverage can cover damages or injuries you inflict on other people or property by causing an accident. It protects you from claims by other people. It does not cover your own vehicle damage or injuries.

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 values of 100/300/100 that translate to $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Alternatively, you may have a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers things such as repair bills for other people’s vehicles, funeral expenses, repair costs for stationary objects and legal defense fees. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Collision coverage – Collision coverage will pay to fix damage to your F-150 caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims like damaging your car on a curb, scraping a guard rail, sustaining damage from a pot hole, hitting a mailbox and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Another option is to raise the deductible to bring the cost down.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage pay for bills like nursing services, pain medications, EMT expenses, surgery and hospital visits. They are used to cover expenses not covered by your health insurance program or if you do not have health coverage. They cover you and your occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

In Summary

Cheaper 2002 Ford F-150 insurance is definitely available online and with local insurance agents, and you need to price shop both to have the best chance of lowering rates. Some insurance providers do not offer the ability to get a quote online and most of the time these small insurance companies sell through independent agents.

As you go through the steps to switch your coverage, you should never skimp on critical coverages to save a buck or two. In many cases, someone sacrificed liability limits or collision coverage to discover at claim time that it was a big mistake. Your aim should be to buy enough coverage at an affordable rate, not the least amount of coverage.

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