View 2012 Ford E-Series Van Insurance Rates

I can’t think of anyone who enjoys paying for auto insurance, particularly when the cost is way too high.

Lots of car insurance companies contend to insure your vehicles, so it can be very hard to choose a insurance company to find the absolute best price available.

If you have car insurance now, you will most likely be able to lower your premiums substantially using these methods. Buying car insurance is not that difficult. But drivers do need to understand how insurance companies compete online and apply this information to your search.

Parts of the Ford E-Series Van rate equation

Consumers need to have an understanding of the rating factors that help determine the rates you pay for insurance. When you know what positively or negatively influences your rates empowers consumers to make smart changes that will entitle you to lower insurance prices.

The following are some of the factors used by your company to calculate prices.

  • Lower miles equals lower premium – The more miles you rack up on your Ford in a year’s time the higher your rates will be. Almost all companies price each vehicle’s coverage based on how the vehicle is used. Autos not used for work or commuting can get a lower rate than vehicles that are driven to work every day. Having the wrong rating on your E-Series Van may be wasting your money. Ask your agent if your insurance policy properly reflects how each vehicle is driven, because it can save money.
  • Men fork out a little more – Statistics show that men are more aggressive behind the wheel. However, this does not mean women are BETTER drivers than men. Women and men are in accidents at about the same rate, but men have costlier accidents. Men also receive more costly citations like DUI and reckless driving. Youthful male drivers are several times more likely to be in an accident and therefore are the most expensive to insure.
  • Marriage brings a discount – Having a wife or husband helps lower the price on your policy. Marriage usually means you are more responsible it has been statistically shown that drivers who are married are more cautious.
  • Discounts for multiple policies – Many insurance companies provide better rates to people who have multiple policies with them, otherwise known as a multi-policy discount. Even though this discount sounds good, it’s in your best interest to compare rates to confirm you are receiving the best rates possible.
  • Bump up deductibles to save – Physical damage deductibles define the amount you are required to spend out-of-pocket before your insurance pays a claim. Coverage for physical damage, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Some instances where coverage would apply are running into the backend of another car, vandalism, and rolling your vehicle. The higher the amount you are required to pay out-of-pocket, the less your company will charge you for insurance on E-Series van insurance.
  • Do you have a high stress job? – Jobs such as judges, architects and accountants are shown to have higher rates than average due to stressful work requirements and lots of time spent at work. On the flip side, occupations like scientists, athletes and the unemployed pay the least on E-Series van insurance.

Discounts are available to cut your rates

Companies don’t list every available discount in an easy-to-find place, so we researched both well-publicized as well as the least known discounts you could be receiving.

  • Multiple Policy Discount – When you combine your home and auto insurance with one company you could get a discount of approximately 10% to 15%.
  • Passive Restraints – Factory air bags or automatic seat belts can receive discounts up to 30%.
  • Military Rewards – Being deployed with a military unit may qualify for rate reductions.
  • Life Insurance Discount – Companies who offer life insurance give a break if you buy life insurance from them.
  • Discount for New Cars – Insuring a new car can save up to 30% due to better safety requirements for new cars.
  • Homeowners Discount – Simply owning a home may earn you a small savings because maintaining a house is proof that your finances are in order.
  • Anti-theft Discount – Anti-theft and alarm systems prevent vehicle theft and will save you 10% or more.
  • Student in College – Youth drivers living away from home attending college and don’t have a car can receive lower rates.
  • Senior Discount – If you’re over the age of 55, you may qualify for a small decrease in premiums on E-Series van insurance.

Keep in mind that many deductions do not apply to your bottom line cost. Most only apply to the cost of specific coverages such as medical payments or collision. So even though they make it sound like having all the discounts means you get insurance for free, you won’t be that lucky.

For a list of companies who offer insurance discounts, follow this link.

Everyone needs different coverages

When choosing coverage, there is no “perfect” insurance plan. Every insured’s situation is different so this has to be addressed. Here are some questions about coverages that may help highlight if you will benefit from professional help.

  • Should I sign the liability waiver when renting a car?
  • How can I get high-risk coverage after a DUI?
  • What is covered by UM/UIM coverage?
  • Are all vehicle passengers covered by medical payments coverage?
  • What is PIP insurance?
  • What should my uninsured motorist coverage limits be in my state?
  • Does insurance cover tools stolen from my truck?
  • Do I have coverage when pulling a U-Haul trailer?
  • What happens if I owe more than my 2012 Ford E-Series Van is worth?
  • How high should my medical payments coverage be?

If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Insurance policy specifics

Knowing the specifics of a insurance policy can be of help when determining which coverages you need and proper limits and deductibles. Insurance terms can be difficult to understand and coverage can change by endorsement. Listed below are typical coverages offered by insurance companies.

Comprehensive coverage – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like damage from getting keyed, a tree branch falling on your vehicle and damage from a tornado or hurricane. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Auto liability insurance – Liability insurance will cover injuries or damage you cause to people or other property by causing an accident. This coverage protects you from claims by other people, and does not provide coverage for your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability insurance covers claims such as emergency aid, court costs and bail bonds. How much liability should you purchase? That is your choice, but consider buying higher limits if possible.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP provide coverage for expenses like pain medications, funeral costs, hospital visits, doctor visits and dental work. They are often utilized in addition to your health insurance plan or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Collision coverage – Collision insurance pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like hitting a parking meter, rolling your car, damaging your car on a curb and colliding with another moving vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Better coverage you can count on

As you restructure your insurance plan, it’s very important that you do not sacrifice coverage to reduce premiums. There have been many situations where consumers will sacrifice collision coverage only to find out that the savings was not a smart move. The proper strategy is to buy a smart amount of coverage at an affordable rate while still protecting your assets.

Throughout this article, we presented a lot of techniques to compare 2012 Ford E-Series Van insurance prices online. The key concept to understand is the more quotes you get, the higher your chance of finding lower rates. Consumers could even find that the biggest savings come from a small local company. These companies may often insure only within specific states and give getter rates than the large multi-state companies such as State Farm, Geico and Nationwide.

For more information, feel free to visit these articles: