View 2003 Ford F-150 Insurance Cost

Having to pay for overpriced insurance can drain your savings account and put a big crunch on your finances. Comparing price quotes is free and is an excellent way to reduce premiums and put more money in your pocket.

You have multiple insurers to buy insurance from, and though it is a good thing to be able to choose, it can be more difficult to compare company pricing.

Compare Insurance Coverage Today

Performing a rate comparison can be a daunting task if you don’t understand the best way to get rate quotes. You can waste a lot of time talking about coverages with insurance companies in your area, or you could use the internet to get the quickest rates.

Many of the larger companies take part in a program where insurance shoppers enter their policy data once, and every company returns a competitive quote based on that information. This eliminates the need for quote forms for every insurance coverage company.

To compare pricing click here to start a free quote.

One minor caviat to comparing rates this way is you don’t know exactly which providers to get pricing from. If you prefer to choose from a list of companies to receive pricing from, we put together a list of low cost insurance coverage companies in your area. Click here to view list.

However you get your quotes, make darn sure you compare apples-to-apples information on every quote you get. If you enter different liability limits you can’t possibly determine the lowest rate for your Ford F-150. Quoting even small variations in insurance coverages may cause a big price difference. And when price shopping your coverage, comparing more company’s prices helps you find the best offered rates.

Discounts on Ford F-150 insurance

Insurance can cost an arm and a leg, but companies offer discounts to help offset the cost. Certain discounts will be triggered automatically at the time of purchase, but lesser-known reductions have to be manually applied in order for you to get them.

  • Homeowners Pay Less – Owning a home may earn you a small savings because of the fact that having a home shows financial diligence.
  • Theft Prevention System – Vehicles with anti-theft systems are stolen less frequently and qualify for as much as a 10% discount.
  • Military Discounts – Being deployed with a military unit could mean lower rates.
  • Save over 55 – Older drivers can possibly qualify for better auto insurance rates on F-150 insurance.
  • Student in College – Youth drivers who attend school more than 100 miles from home and do not have a car can receive lower rates.
  • Seat Belts Save – Using a seat belt and requiring all passengers to buckle their seat belts could save 15% off your PIP or medical payments premium.

It’s important to understand that most of the big mark downs will not be given to the entire cost. Some only apply to the cost of specific coverages such as liability and collision coverage. So when the math indicates it’s possible to get free car insurance, you won’t be that lucky. Any amount of discount will bring down the amount you have to pay.

For a list of companies offering auto insurance discounts, click here to view.

Impacting insurance rates for a Ford F-150

Consumers need to have an understanding of the different types of things that help determine auto insurance rates. Having a good understanding of what controls the rates you pay allows you to make educated decisions that will entitle you to better auto insurance rates.

  • Pay less if you’re married – Being married can actually save you money on your auto insurance policy. Marriage translates into being more mature and responsible and it’s proven that married drivers get in fewer accidents.
  • Your stress level may be raising your rates – Careers like judges, business owners and financial analysts are shown to have higher average rates due to job stress and lots of time spent at work. Conversely, jobs such as scientists, engineers and the unemployed pay the least on F-150 insurance.
  • Cautious drivers pay less – Drivers with clean records tend to pay less for car insurance than bad drivers. Even a single speeding ticket may increase your cost by as much as thirty percent. If you have serious violations like hit and run, DWI or reckless driving convictions may find they need to submit a SR-22 form with their state motor vehicle department in order to continue driving.
  • How credit affects auto insurance rates – A driver’s credit history is a big factor in determining your rates. So if your credit score is not that good, you could pay less to insure your 2003 Ford F-150 by improving your credit score. Drivers with good credit tend to file fewer claims and have better driving records than drivers who have lower credit scores.
  • A lapse in coverage is a bad thing – Allowing your coverage to lapse will be a fast way to increase your auto insurance rates. And not only will your rates increase, but being ticketed for driving with no insurance might get you a license revocation or jail time.Then you may be required to submit proof of financial responsibility or a SR-22 with your state DMV.

Tailor your coverage to you

When it comes to buying proper insurance coverage, there isn’t really a cookie cutter policy. Everyone’s situation is unique so this has to be addressed. Here are some questions about coverages that can help discover whether you might need an agent’s assistance.

  • Are my tools covered if they get stolen from my vehicle?
  • Should I have combined single limit or split liability limits?
  • Do all my vehicles need collision coverage?
  • Should I waive the damage coverage when renting a car?
  • Do I need special endorsements for business use of my vehicle?
  • When can I cancel my policy?
  • What is medical payments coverage?
  • Is my cargo covered for damage or theft?

If you don’t know the answers to these questions, you may need to chat with a licensed agent. To find lower rates from a local agent, fill out this quick form or you can also visit this page to select a carrier

Drivers who switch save $398 a year? Really?

State Farm, Geico and Progressive constantly bombard you with ads in print and on television. All the companies have a common claim about savings if you switch to their company. But how can every company say the same thing? It’s all in the numbers.

All companies have a certain “appetite” for the right customer that is profitable for them. An example of a preferred risk could possibly be between the ages of 40 and 55, has no driving citations, and has a high credit rating. A customer getting a price quote who fits that profile will get very good rates and therefore will save when switching.

Potential customers who don’t meet the requirements will be quoted higher premiums and ends up with business not being written. Company advertisements say “customers who switch” not “people who quote” save money. This is how companies can advertise the savings.

This emphasizes why you should get quotes from several different companies. It’s just too difficult to predict which company will have the lowest Ford F-150 insurance rates.

Car insurance coverage breakdown

Learning about specific coverages of your policy can be of help when determining the best coverages for your vehicles. Car insurance terms can be ambiguous and reading a policy is terribly boring. Below you’ll find the usual coverages found on most car insurance policies.

Coverage for collisions

This pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as crashing into a building, sustaining damage from a pot hole and hitting a parking meter. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to bring the cost down.

Comprehensive insurance

This pays for damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, theft and hitting a deer. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for chiropractic care, EMT expenses, nursing services, rehabilitation expenses and X-ray expenses. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to both the driver and occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your Ford F-150.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently these coverages are similar to your liability insurance amounts.

Auto liability insurance

This provides protection from injuries or damage you cause to people or other property that is your fault. This insurance protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 100/300/100 that means you have a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Another option is a combined single limit or CSL which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage protects against claims such as structural damage, legal defense fees, medical services and loss of income. How much coverage you buy is your choice, but consider buying as large an amount as possible.

Shop around and save

When buying insurance coverage, don’t be tempted to skimp on critical coverages to save a buck or two. Too many times, someone sacrificed collision coverage only to find out that it was a big mistake. Your aim should be to buy a smart amount of coverage at a price you can afford while still protecting your assets.

Discount 2003 Ford F-150 insurance is definitely available both online and with local insurance agents, and you should compare price quotes from both so you have a total pricing picture. Some insurance providers do not offer online quoting and usually these regional insurance providers provide coverage only through local independent agents.

Much more information about car insurance can be found below: