Are you a victim of an overpriced insurance policy? Believe me when I say you’re not alone.
Multiple insurance companies compete for your insurance dollar, and because of this it can be hard to compare auto insurance companies to find the absolute lowest price
Consumers need to have an understanding of the different types of things that come into play when calculating the rates you pay for car insurance. Understanding what influences your rates helps enable you to make changes that could result in big savings.
The list below includes some of the factors that factor into premiums.
The quickest way to compare insurance rates from multiple companies is to know most insurance companies actually pay money for the chance to compare rate quotes. The only thing you need to do is give them rating details like driver ages, whether you have decent credit, whether or not you need a SR-22, and marital status. Your rating data is instantly sent to multiple top-rated companies and they provide comparison quotes immediately.
To get price quotes for your 2008 Ford F-150, click here and complete the quick form.
Companies that sell car insurance do not list every available discount in a way that’s easy to find, so we researched both well-publicized and the harder-to-find ways to save on car insurance.
A little note about advertised discounts, some of the credits will not apply the the whole policy. Most only cut individual premiums such as liability and collision coverage. So when it seems like adding up those discounts means a free policy, car insurance companies aren’t that generous.
To see a list of insurers with discount car insurance rates, follow this link.
When buying the best insurance coverage, there really is no best way to insure your cars. Everyone’s situation is unique so your insurance needs to address that. Here are some questions about coverages that can help discover if your situation could use an agent’s help.
If you don’t know the answers to these questions but you know they apply to you, you may need to chat with a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier
Learning about specific coverages of insurance helps when choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be ambiguous and reading a policy is terribly boring. Listed below are the usual coverages available from insurance companies.
Collision insurance
Collision coverage covers damage to your F-150 caused by collision with an object or car. You have to pay a deductible then your collision coverage will kick in.
Collision insurance covers things such as damaging your car on a curb, backing into a parked car and colliding with another moving vehicle. This coverage can be expensive, so consider removing coverage from lower value vehicles. You can also raise the deductible to save money on collision insurance.
Uninsured Motorist or Underinsured Motorist insurance
This coverage provides protection when other motorists do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as damage to your Ford F-150.
Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.
Coverage for liability
This protects you from injuries or damage you cause to other people or property that is your fault. This insurance protects YOU from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.
Liability can pay for claims such as repair bills for other people’s vehicles, emergency aid and loss of income. How much coverage you buy is up to you, but consider buying higher limits if possible.
Insurance for medical payments
Personal Injury Protection (PIP) and medical payments coverage kick in for bills like rehabilitation expenses, funeral costs, surgery, doctor visits and chiropractic care. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants as well as being hit by a car walking across the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay
Comprehensive coverage (or Other than Collision)
This coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for things such as rock chips in glass, hitting a bird, hail damage and theft. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
As you restructure your insurance plan, don’t be tempted to reduce coverage to reduce premium. In too many instances, someone sacrificed liability limits or collision coverage only to find out that it was a big mistake. Your aim should be to purchase plenty of coverage at an affordable rate while still protecting your assets.
We just showed you a lot of tips how to lower your 2008 Ford F-150 insurance rates. It’s most important to understand that the more times you quote, the better likelihood of reducing your rate. Consumers could even find that the best prices are with a small mutual company. Smaller companies may cover specific market segments cheaper than their larger competitors like Progressive and Geico.
More detailed insurance information is located by following these links: