Lower Your 2003 Ford F-150 Insurance Quotes

Nobody I know looks forward to paying for car insurance, particularly when the cost is way too high. Since consumers have many insurance providers from which to choose, it’s nearly impossible to find the most affordable insurer.

It’s a good habit to shop coverage around at least once a year because rates are rarely the same from one policy term to another. Even if you got the best deal on F-150 insurance a few years ago you can probably find a better price now. Ignore everything you know about car insurance because I’m going to let you in on the secrets to the tricks you need to know to reduce your cost while improving coverage.

Finding the cheapest coverage can be fairly easy. If you have a policy now or are shopping for new coverage, you can use these techniques to get lower rates while maintaining coverages. Drivers just need to understand the most effective way to get comparison quotes online.

Comprehensive Insurance Comparison Quotes

Getting a cheaper price on 2003 Ford F-150 insurance is not rocket science. Drivers just need to take a couple of minutes comparing rate quotes from different insurance companies. This can be accomplished using a couple different methods.

  1. One of the best ways to get quotes for comparison is a comparison rater form click here to open form in new window. This easy form keeps you from doing separate forms to each individual insurance company. One form gets you price quotes from multiple low-cost companies.
  2. Another way to find lower rates requires a visit to the website for every company you want to comare and fill out their own quote form. For sake of this example, we’ll pretend you want rates from Auto-Owners, Safeco and Progressive. To find out each rate you need to visit each site and enter your information, and that’s why the first method is more popular. For a list of links to insurance companies in your area, click here.
  3. The hardest way of comparing rate quotes is to drive around to local insurance agencies. Buying insurance online can eliminate the need for a local agent unless you prefer the professional advice that only a license agent can provide. However, consumers can compare the best prices online and get advice from an agent in your area and you’ll learn how to do that later.

Whichever way you use, ensure you’re using the exact same coverage limits and deductibles with each company. If you enter different liability limits it’s impossible to determine the best price for your Ford F-150.

Lower rates by qualifying for discounts

The price of auto insurance can be rather high, buy you may qualify for discounts to reduce the price significantly. Some trigger automatically at quote time, but a few must be asked for before you get the savings. If you’re not getting every credit you qualify for, you’re paying more than you need to.

  • Accident Free – Claim-free drivers pay much less as compared to frequent claim filers.
  • Multiple Policy Discount – If you insure your home and vehicles with the same company you may earn at least 10% off all policies.
  • Service Members Pay Less – Having a family member in the military could be rewarded with lower premiums.
  • No Charge for an Accident – Some insurance companies will forgive one accident without raising rates so long as you haven’t had any claims for a set time period.
  • Discount for Swiching Early – Some insurance companies reward drivers for switching to them prior to your current policy expiring. The savings is around 10%.
  • Anti-lock Brake Discount – Vehicles with anti-lock braking systems prevent accidents and earn discounts up to 10%.
  • Theft Prevention Discount – Cars that have factory anti-theft systems prevent vehicle theft and earn discounts up to 10%.
  • More Vehicles More Savings – Insuring multiple cars or trucks on the same insurance coverage policy qualifies for this discount.
  • Safe Drivers – Insureds without accidents may save up to 50% more on F-150 insurance than drivers with accident claims.
  • New Car Discount – Putting insurance coverage on a new car can save up to 30% due to better safety requirements for new cars.

It’s important to understand that most credits do not apply to the entire policy premium. Most cut individual premiums such as comprehensive or collision. Just because it seems like having all the discounts means you get insurance for free, you’re out of luck. Any qualifying discounts will cut your premiums.

Car insurance companies that possibly offer these discounts are:

It’s a good idea to ask each company how you can save money. All car insurance discounts might not be offered everywhere.

Your Ford F-150 insurance rate is a complex equation

Smart consumers have a good feel for the different types of things that play a part in calculating the price you pay for car insurance. Understanding what influences your rates empowers consumers to make smart changes that can help you get much lower annual insurance costs.

  • Add-on coverages can add up – There are a ton of add-on coverages you can purchase on your car insurance policy. Insurance for rental car reimbursement, better glass coverage and membership fees may be wasting your money. They may seem good initially, but your needs may have changed so eliminate the coverages to reduce your premium.
  • Frequent car insurance claims increase rates – If you frequently file small claims, you can pretty much guarantee either higher rates or even cancellation. Auto insurance companies award better rates to people who do not file claims often. Car insurance is intended for the large, substantial claims.
  • Never allow your policy to lapse – Driving without insurance is against the law and as a result your rates will increase for letting your coverage lapse. And not only will your rates increase, but not being able to provide proof of insurance will get you a license revocation or jail time.Then you may be required to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.
  • Low deductibles can be expensive – Physical damage coverage, also known as collision and other-than-collision, protects your Ford from damage. Some examples of claims that would be covered would be colliding with a building, collision with an animal, and rolling your vehicle. Your deductibles are the amount of money you are required to spend out-of-pocket in the event of a claim. The more expense the insured has to pay upfront, the lower your rates will be on F-150 insurance.
  • Liability coverage is peace of mind – Liability coverage is the protection in the event that you are found to be at fault for damages caused by your negligence. It provides you with a defense in court which can cost thousands of dollars. Liability is cheap when compared with rates for comp and collision, so buy as much as you can afford.
  • Theft deterrents lower rates – Choosing a vehicle with an alarm system can get you a discount on your car insurance. Theft prevention devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart your vehicle from being stolen.
  • Choose a safe vehicle and save – Cars with high safety ratings are cheaper to insure. Safe vehicles reduce injuries and any reduction in injury severity translates into fewer and smaller insurance claims passed on to you as lower rates. If your Ford F-150 earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
  • One company can mean more discounts – Some car insurance companies will award you with lower prices to insureds who have multiple policies with them. It’s known as a multi-policy discount. This can amount to ten or even up to twenty percent in some cases. Even though this discount sounds good, you still need to shop around to ensure the best deal. Drivers may still find better rates by buying insurance from more than one company.

Car insurance is unique, just like you

When it comes to choosing the right insurance coverage for your vehicles, there isn’t really a perfect coverage plan. Every insured’s situation is different and a cookie cutter policy won’t apply. These are some specific questions can aid in determining whether you may require specific advice.

  • Do I need added coverage for expensive stereo equipment?
  • Should I drop comprehensive coverage on older vehicles?
  • Do I need PIP (personal injury protection) coverage in my state?
  • What can I do if my company denied a claim?
  • Am I covered when driving a rental car?
  • How much liability coverage do I need in my state?
  • When should my teen driver be added to my policy?
  • Should I bundle my homeowners policy with my auto?
  • Do I need replacement cost coverage on my 2003 Ford F-150?
  • Do I have coverage when using my vehicle for my home business?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier It is quick, free and may give you better protection.

Switch companies and save? Really?

Consumers can’t ignore all the ads that promise big savings by companies like Geico, State Farm and Progressive. They all say the same thing that you’ll save big if you switch to them.

How does each company make the same claim? It’s all in the numbers.

Different companies have a certain “appetite” for the right customer that is profitable for them. An example of a preferred risk might be profiled as between the ages of 30 and 50, insures multiple vehicles, and has excellent credit. A driver who matches those parameters receives the best rates and is almost guaranteed to save a lot of money.

Consumers who don’t qualify for the “perfect” profile will be charged higher premiums and ends up with the driver buying from a lower-cost company. The ads state “customers that switch” not “everybody who quotes” save that much money. That is how insurance companies can advertise the way they do.

That is why you absolutely need to compare as many rates as you can. You cannot predict which car insurance company will give you the biggest savings on Ford F-150 insurance.

Car insurance coverages 101

Learning about specific coverages of car insurance helps when choosing appropriate coverage and the correct deductibles and limits. Car insurance terms can be difficult to understand and coverage can change by endorsement. Shown next are the usual coverages found on the average car insurance policy.

Auto liability insurance

Liability insurance protects you from damages or injuries you inflict on people or other property. This coverage protects you against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 25/50/25 which stand for a $25,000 limit per person for injuries, $50,000 for the entire accident, and property damage coverage for $25,000. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.

Liability insurance covers things such as pain and suffering, medical expenses, repair bills for other people’s vehicles, structural damage and medical services. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase higher limits if possible.

Comprehensive car insurance

Comprehensive insurance pays for damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as damage from flooding, damage from getting keyed and theft. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance pay for bills such as prosthetic devices, rehabilitation expenses and pain medications. They can be utilized in addition to your health insurance program or if you lack health insurance entirely. It covers both the driver and occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your Ford F-150.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Collision protection

This coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like hitting a parking meter, colliding with another moving vehicle, colliding with a tree and damaging your car on a curb. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible in order to get cheaper collision rates.

One last thing

When shopping online for insurance coverage, make sure you don’t reduce coverage to reduce premium. There are a lot of situations where drivers have reduced full coverage only to regret at claim time that the few dollars in savings costed them thousands. Your focus should be to buy the best coverage you can find at an affordable rate.

We’ve covered a lot of tips how to save on 2003 Ford F-150 insurance. It’s most important to understand that the more rate comparisons you have, the better your chances of lowering your rates. You may even find the best price on insurance coverage is with a company that doesn’t do a lot of advertising. These companies may often insure only within specific states and give getter rates compared to the large companies like State Farm, Geico and Nationwide.

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