How Much Does 2007 Ford F-150 Insurance Cost?

Feel like you’re a prisoner to an underperforming, overpriced insurance coverage policy? Believe me, there are many people just like you.

Since consumers have many companies to choose from, it can be impossible to find the best insurance company.

You should make it a habit to do rate comparisons at least once a year since rates change quite often. If you had the best deal for F-150 coverage two years ago you can probably find a lower rate today. Starting now, block out anything you think you know about insurance coverage because you’re going to get a crash course in how to use online quotes to find lower rates on insurance coverage.

Buying more affordable protection is not that difficult. Just about everyone who has to buy auto insurance will more than likely be able to reduce their rates. Nevertheless, consumers need to learn how insurance companies sell insurance online because it can help you find the best coverage.

How to save on Ford F-150 insurance

The price of auto insurance can be rather high, buy you may qualify for discounts to cut the cost considerably. Larger premium reductions will be automatically applied when you purchase, but less common discounts must be asked about in order for you to get them.

Memberships – Being a member of a civic or occupational organization may earn a discount on your policy for F-150 coverage.
Theft Prevention Discount – Cars that have factory anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
Anti-lock Brake Discount – Vehicles equipped with ABS or steering control prevent accidents and therefore earn up to a 10% discount.
Driver Safety – Taking part in a driver safety course could save 5% or more if your company offers it.
Seat Belts Save – Buckling up and requiring all passengers to buckle their seat belts can save 10% or more off the personal injury premium cost.
Save over 55 – Older drivers can possibly qualify for better car insurance rates for F-150 coverage.
Low Mileage – Fewer annual miles on your Ford could qualify for lower rates on the low mileage vehicles.
Auto/Life Discount – Some companies give lower rates if you buy life insurance.

As a disclaimer on discounts, most credits do not apply to the overall cost of the policy. Most only apply to specific coverage prices like liability, collision or medical payments. Just because you may think all those discounts means the company will pay you, you’re out of luck. Any qualifying discounts will help reduce your premiums.

To see a list of companies offering car insurance discounts, follow this link.

Ford F-150 insurance rates consist of many parts

Smart consumers have a good feel for the rating factors that play a part in calculating your auto insurance rates. When you know what positively or negatively controls the rates you pay helps enable you to make changes that can help you get big savings.

Poor driving leads to higher costs – Good drivers get better rates than bad drivers. Only having one ticket can increase rates twenty percent or more. If you have serious violations such as DWI, reckless driving or hit and run convictions may find they need to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to continue driving.
Increase deductibles and save – Physical damage coverage, otherwise known as comp (or other than collision) and collision, protects your Ford from damage. Some instances where coverage would apply could be a windshield shattered by a rock, collision with an animal, and windstorm damage. The deductibles are the amount of money you are willing to pay out-of-pocket in the event of a claim. The more you are required to pay out-of-pocket, the less your auto insurance will be for F-150 coverage.
Being married can save on auto insurance – Being married actually saves money on auto insurance. Having a spouse usually means you are more mature and responsible it has been statistically shown that married couples file fewer claims.
Clean credit earns discounts – Credit score is a important factor in calculating your auto insurance rates. People with good credit tend to be more responsible as compared to drivers with lower credit ratings. If your credit score is low, you could pay less to insure your 2007 Ford F-150 by spending a little time repairing your credit.

Tailor your coverage to you

When it comes to buying proper insurance coverage, there isn’t really a one size fits all plan. Each situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that may help highlight whether your personal situation will benefit from professional help.

What if I total my 2007 Ford F-150 and owe more than it’s worth?
Does my insurance cover my expensive audio equipment?
Am I better off with higher deductibles on my 2007 Ford F-150?
Is my camper covered by my car insurance policy?
Where can I get insurance after a DUI in my state?
Can I make deliveries for my home business?
Am I covered when driving someone else’s vehicle?
What can I do if my company denied a claim?
Does my policy pay for OEM or aftermarket parts?
Does insurance cover tools stolen from my truck?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies.

Coverages available on your policy

Understanding the coverages of insurance aids in choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be confusing and reading a policy is terribly boring. Shown next are the normal coverages found on most insurance policies.

Auto liability

Liability coverage will cover injuries or damage you cause to people or other property. This coverage protects you from claims by other people, and doesn’t cover 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 policy limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers claims such as funeral expenses, emergency aid and medical expenses. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive coverage

This coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like fire damage, theft, a broken windshield and hitting a deer. The maximum amount your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Medical payments coverage and PIP

Med pay and PIP coverage provide coverage for immediate expenses for things like ambulance fees, surgery, hospital visits, EMT expenses and pain medications. They can be used in conjunction with a health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and also covers if you are hit as a while walking down the street. PIP is not universally available and may carry a deductible

Collision protection

Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims such as rolling your car, driving through your garage door and hitting a parking meter. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your 2007 Ford F-150.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Usually the UM/UIM limits do not exceed the liability coverage limits.

Final considerations

We just presented some good ideas how you can shop for 2007 Ford F-150 insurance online. The key thing to remember is the more rate quotes you have, the better likelihood of reducing your rate. Consumers may even find the lowest rates come from an unexpected company. They can often provide lower rates in certain areas as compared to the big name companies such as Allstate, Geico and Progressive.

When trying to cut insurance costs, you should never buy lower coverage limits just to save a few bucks. Too many times, consumers will sacrifice uninsured motorist or liability limits only to find out that the few dollars in savings costed them thousands. Your aim should be to purchase plenty of coverage at the best price while still protecting your assets.