Lower Your 2005 Ford Econoline Cargo Insurance Rates

Are you sick and tired of paying out the nose to insure your Ford every month? You are no different than many other consumers.

You have multiple auto insurance companies to purchase coverage from, and even though it’s nice to be able to choose, too many choices makes it more difficult to find the lowest cost provider.

It’s a good idea to get comparison quotes quite often because rates tend to go up over time. Despite the fact that you may have had the best price for Econoline Cargo insurance a year ago you can probably find a better price now. There is a lot of bad advice regarding car insurance online but by reading this article, you’re going to learn some proven techniques to quit paying high car insurance rates.

Discounts are available to cut your rates

Auto insurance companies don’t always publicize every discount in an easy-to-find place, so we took the time to find both well-publicized and also the lesser-known savings tricks you should be using.

  • Multi-policy Discount – If you have multiple policies with one company you will save 10% to 20% off each policy.
  • Passive Restraint Discount – Cars that have air bags can get savings of 20% or more.
  • Military Discounts – Having a family member in the military may qualify for rate reductions.
  • College Student – Children who attend school more than 100 miles from home and don’t have a car may be able to be covered for less.
  • Club Memberships – Being a member of a qualifying organization could trigger savings on insurance for Econoline Cargo insurance.
  • Safe Driver Discount – Drivers who don’t get into accidents can pay as much as 50% less for Econoline Cargo insurance than drivers with accident claims.
  • Braking Control Discount – Vehicles with anti-lock braking systems can avoid accidents and therefore earn up to a 10% discount.
  • No Charge for an Accident – Some insurance companies permit an accident before hitting you with a surcharge as long as you don’t have any claims prior to the accident.
  • Anti-theft System – Anti-theft and alarm systems can help prevent theft and qualify for as much as a 10% discount.
  • No Claims – Drivers with accident-free driving histories can save substantially compared to drivers who are more careless.

Drivers should understand that some credits don’t apply to the entire policy premium. The majority will only reduce individual premiums such as comprehensive or collision. So even though it sounds like you could get a free insurance policy, it just doesn’t work that way.

To see a list of providers offering insurance discounts, click here to view.

Factors determining your Ford Econoline Cargo insurance premium

It’s important that you understand the different types of things that come into play when calculating the rates you pay for auto insurance. Understanding what influences your rates enables informed choices that will entitle you to much lower annual insurance costs.

  • High numbers of claims are not good – If you tend to file frequent claims, you can pretty much guarantee either a policy non-renewal or much higher rates. Companies generally give discounts to insureds who are claim-free. Auto insurance is intended for the large, substantial claims.
  • High credit ratings translate to low rates – Having a bad credit history is a huge factor in your rate calculation. If your credit is not that good, you could save money insuring your 2005 Ford Econoline Cargo by improving your credit score. Drivers who have high credit ratings tend to be better drivers and file fewer claims as compared to drivers with lower credit scores.
  • Marriage pays dividends – Getting married helps lower the price when buying auto insurance. It is viewed as being more mature and statistics show married drivers get in fewer accidents.
  • Never go without insurance – Allowing your auto insurance policy to lapse is a guaranteed way to trigger a rate increase. Not only will rates go up, but not being able to provide proof of insurance can result in a steep fine or even jail time.You may then be required to file a SR-22 with your state motor vehicle department.
  • Traffic violations increase rates – Careful drivers tend to pay less for car insurance than their less careful counterparts. Just one citation can boost insurance rates by as much as thirty percent. If you have dangerous violations like reckless driving, hit and run or driving under the influence may find they need to submit a SR-22 form to the state department of motor vehicles in order to prevent a license revocation.
  • Liability coverage is peace of mind – Liability insurance provides coverage in the event that you are found to be at fault for causing damage or personal injury in an accident. Liability provides legal defense coverage which can cost thousands of dollars. Liability is cheap compared to physical damage coverage, so do not skimp.

Everyone needs different coverages

When buying proper insurance coverage, there really is no perfect coverage plan. Every insured’s situation is different so your insurance needs to address that. For instance, these questions can aid in determining if you might need professional guidance.

  • Do I get a pro-rated refund if I cancel my policy early?
  • Do I need added coverage for expensive stereo equipment?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Why do I only qualify for high-risk insurance?
  • How much can I save by bundling my policies?
  • Is a new car covered when I drive it off the dealer lot?
  • Are rock chip repairs covered?
  • Am I covered when using my vehicle for business?
  • Which companies will insure high-risk drivers?

If you’re not sure about those questions, then you may want to think about talking to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.

Don’t listen to company ads

Companies like Allstate, Geico and Progressive consistently run television and radio advertisements. All the ads have a common claim that you’ll save big if you change your coverage to them. But how can every company make the same claim?

All the different companies have a certain “appetite” for the right customer they prefer to insure. For example, a profitable customer could possibly be between the ages of 30 and 50, has no tickets, and has great credit. A customer getting a price quote who meets those qualifications will get very good rates and as a result will probably save when they switch companies.

Potential insureds who don’t meet the “perfect” profile will be quoted higher rates and ends up with the customer not buying. The ad wording is “customers who switch” not “everybody who quotes” save that much. That’s why insurance companies can make those claims. This emphasizes why you should compare many company’s rates. Because you never know which insurance companies will have the lowest Ford Econoline Cargo insurance rates.

Information about specific coverages

Learning about specific coverages of auto insurance can be of help when determining appropriate coverage and the correct deductibles and limits. Auto insurance terms can be ambiguous and coverage can change by endorsement. Below you’ll find the usual coverages found on the average auto insurance policy.

Medical costs insurance

Med pay and PIP coverage kick in for short-term medical expenses for dental work, prosthetic devices, pain medications, X-ray expenses and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not available in all states but can be used in place of medical payments coverage

Coverage for liability

Liability coverage protects you from damage that occurs to people or other property by causing an accident. This coverage protects you from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability coverage pays for things like structural damage, medical services and funeral expenses. How much liability should you purchase? That is up to you, but you should buy as high a limit as you can afford.

UM/UIM Coverage

This coverage provides protection when other motorists either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Ford Econoline Cargo.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

Coverage for collisions

This pays for damage to your Econoline Cargo from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like crashing into a building, scraping a guard rail, rolling your car, damaging your car on a curb and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. You can also bump up the deductible to bring the cost down.

Comprehensive or Other Than Collision

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as damage from getting keyed, falling objects, rock chips in glass, damage from flooding and fire damage. The most your auto insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Do the work, save more money

As you go through the steps to switch your coverage, do not sacrifice coverage to reduce premiums. There have been many situations where consumers will sacrifice comprehensive coverage or liability limits only to find out that the small savings ended up costing them much more. The ultimate goal is to purchase plenty of coverage at a price you can afford.

In this article, we presented a lot of tips how to compare 2005 Ford Econoline Cargo insurance prices online. The key thing to remember is the more companies you get rates for, the more likely it is that you will get a better rate. You may be surprised to find that the best price on insurance is with a lesser-known regional company. These smaller insurers can often insure niche markets at a lower cost than their larger competitors like Allstate, Geico and Progressive.

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