Cheap 2001 Ford Ranger Insurance Rates

Locating the cheapest insurance for a new or used Ford Ranger can normally be difficult, but you can learn the following methods to find lower rates. There are more efficient ways to buy auto insurance so you’re going to learn the quickest way to price shop coverage on a Ford and locate the lowest price from both online companies and local agents.

The quickest method we recommend to get rate comparisons is to know the fact most larger insurance companies will pay a fee to compare rate quotes. The only thing you need to do is give them some information like whether or not you need a SR-22, if you’re married, the make and model of your vehicles, and how you use your vehicles. That information is automatically sent to many highly-rated insurers and they return rate quotes very quickly.

To start a rate quote now, click here and enter your zip code.

Insurance coverage advertisements

Consumers can’t escape the ads that promise big savings for switching from companies such as Geico, State Farm and Progressive. All the companies convey the message that drivers can save some big amount if you move your coverage to them.

How does every company make almost identical claims? This is the trick they use.

Many companies require specific criteria for the right customer that will generate a profit. One example of a profitable customer might be described as a mature driver, has never had a claim, and has excellent credit. Anybody that fits those parameters receives the best premium rates and will pay quite a bit less when switching companies.

People who are not a match for this stringent profile may receive more expensive rates which usually ends up with the customer buying from someone else. If you pay close attention to the ads, they say “drivers who switch” not “everyone that quotes” save money. That’s why companies can truthfully make claims like that. This really emphasizes why you need to get price quotes at each policy renewal. It’s impossible to know the company that will be your best fit.

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Eight tips to get more affordable insurance premiums

Smart consumers have a good feel for the rating factors that play a part in calculating your premiums. When you understand what impacts premium levels, this enables informed choices that can earn you cheaper rates. Many factors are used in the calculation when you get a price on insurance. Some are obvious like an MVR report, although some other factors are less obvious like your continuous coverage and annual miles driven.

The itemized list below are a few of the “ingredients” that factor into your premiums.

• File a insurance claims and pay more – Car insurance companies give the best rates to people who only file infrequent claims. If you are the type of insured that files lots of claims you can definitely plan on higher rates. Your car insurance is designed for major claims that would cause financial hardship.
• You might get higher prices if you are single – Having a significant other may cut your premiums on your policy. Having a spouse means you’re more mature and responsible and it’s statistically proven that drivers who are married file infrequent claims.
• Your gender affects prices – The statistics show women tend to be less risk to insure than men. However, don’t assume that females are better at driving than males. Women and men cause at-fault accidents at a similar rate, but the men tend to have higher claims. Not only are claims higher, but men get higher numbers of serious violations such as DWI and reckless driving.
• Only buy what you need – Policies have additional extra coverages that can add up if you aren’t careful. Things like rental car reimbursement, towing coverage, and membership fees could be just wasting money. They may seem good at first, but your money might be better spent on other coverage so think about removing them and cutting costs.
• Liability limits on your policy – Your insurance policy’s liability coverage is the protection if ever you are ruled to be at fault for damages from an accident. Your policy’s liability insurance provides legal defense which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap compared to other policy coverages, so drivers should make sure they buy enough to cover all assets.
• A policy lapse can increase premiums – Having an insurance coverage lapse is a fast way to pay more for insurance. In addition to paying higher premiums, failure to provide proof of insurance could result in a steep fine or even jail time. Then you may be required to file a SR-22 with your state motor vehicle department.
• Save money with higher physical damage deductibles – The deductibles you choose define the amount you are willing to pay before a claim is paid by your company. Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Some examples of claims that would be covered could be rearending another vehicle, hail damage, and damage caused by road hazards. The more of the claim you have to pay, the lower your rates will be for Ranger coverage.
• Your address can affect prices – Choosing to live in less populated areas can save you money when buying insurance. Urban drivers have to deal with traffic congestion and longer commute times. Lower population means reduced accidents and also fewer theft and vandalism claims.

Cut your auto insurance rates with discounts

Car insurance can cost a lot, but you can get discounts that can drop the cost substantially. Certain discounts will be applied at quote time, but lesser-known reductions have to be asked about before they will apply.

• Own a Home – Being a homeowner can get you a discount due to the fact that maintaining a home is proof that your finances are in order.
• Multi-line Discount – Some insurance carriers give lower rates if you buy some life insurance in addition to your auto policy.
• Telematics Data – Drivers who agree to allow data collection to monitor where and when they drive through the use of a telematics system like In-Drive from State Farm and Progressive’s Snapshot may see discounts if they exhibit good driving behavior.
• Drivers Education – It’s a good idea to have your young drivers complete a driver education course if it’s offered in school.
• Safety Restraint Discount – Using a seat belt and requiring all passengers to wear their seat belts can save 10% or more off the medical payments premium.
• Payment Method – By paying your entire bill at once instead of monthly or quarterly installments you may have a lower total premium amount.
• Passenger Safety Discount – Vehicles equipped with air bags or motorized seat belts can get savings up to 30%.
• Distant College Student Discount – Any of your kids who live away from home at college and do not have access to a covered vehicle may be able to be covered for less.
• More Vehicles More Savings – Drivers who insure primary and secondary vehicles with the same auto insurance company could earn a price break for each car.
• ABS Braking Discount – Cars equipped with ABS or steering control are much safer to drive and qualify for as much as a 10% discount.

One thing to note about discounts is that most credits do not apply to the entire cost. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. Even though the math looks like it’s possible to get free car insurance, companies don’t profit that way.

To find providers with the best discounts, follow this link.

You are unique and your auto insurance should be too

When buying the right insurance coverage, there really is no “perfect” insurance plan. Every insured’s situation is different.

For instance, these questions could help you determine if your insurance needs might need an agent’s assistance.

• Is my teen driver covered when they drive my company car?
• When can I cancel my policy?
• What is high-risk coverage and where do I buy it?
• Does my medical payments coverage pay my health insurance deductible?
• Do I pay less if my vehicle is kept in my garage?
• Can I still get insurance after a DUI?
• Will filing a claim cost me more?
• Which companies will insure high-risk drivers?

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 an insurance agent. To find lower rates from a local agent, complete this form. It only takes a few minutes and may give you better protection.

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Auto insurance coverage information

Understanding the coverages of your auto insurance policy can help you determine which coverages you need and proper limits and deductibles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording.

Comprehensive coverage

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as theft, fire damage and damage from getting keyed. The maximum amount a auto insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for liability

This coverage provides protection from injuries or damage you cause to a person or their property in an accident. This insurance protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.

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. You might see values of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability can pay for things such as court costs, medical services and bail bonds. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as much as you can afford.

Uninsured/Underinsured Motorist coverage

This gives you protection when the “other guys” do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your 2001 Ford Ranger.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP pay for bills for things like pain medications, chiropractic care and doctor visits. The coverages can be 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 in addition to being hit by a car walking across the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision insurance

Collision coverage pays for damage to your Ranger resulting from a collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against things like damaging your car on a curb, hitting a parking meter, sustaining damage from a pot hole, crashing into a building and hitting a mailbox. Collision is rather expensive coverage, so consider dropping it from older vehicles. Drivers also have the option to raise the deductible to bring the cost down.

Saving money makes a lot of cents

Insureds change insurance companies for many reasons like denial of a claim, policy cancellation, poor customer service and even delays in responding to claim requests. Whatever your reason, finding a great new company is pretty easy and you might even save some money in the process.

In this article, we presented a lot of information how to lower your 2001 Ford Ranger insurance auto insurance rates. The key thing to remember is the more times you quote, the higher the chance of saving money. You may even find the lowest auto insurance rates come from an unexpected company.

As you go through the steps to switch your coverage, it’s not a good idea to buy poor coverage just to save money. There are too many instances where drivers have reduced liability limits or collision coverage to discover at claim time that the small savings ended up costing them much more. The goal is to buy a smart amount of coverage at the best price, not the least amount of coverage.

For more information, feel free to visit the following helpful articles:

• Medical Payments Coverage (Liberty Mutual)
• Understanding Your Insurance Deductible (Insurance Information Insitute)
• What is Covered by GAP Insurance? (Allstate)
• Child Safety FAQ (iihs.org)
• Rental Car Insurance Tips (Insurance Information Insitute)
• Protecting Teens from Drunk Driving (Insurance Information Insitute)

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