2010 Ford Transit Connect Insurance Cost

No one in their right mind looks forward to paying for insurance, especially when they are paying too much. Many auto insurance companies compete to insure your vehicles, and because of this it can be hard to compare insurers to get the best rates possible.

You should make it a habit to compare prices once or twice a year since rates are usually higher with each renewal. If you had the lowest price for Transit Connect insurance a year ago other companies may now be cheaper. Forget all the misinformation about insurance because we’re going to demonstrate how to use the internet to properly buy coverages while reducing your premium.

If you are insured now or are shopping for new coverage, you will benefit by learning to get lower rates while maintaining coverages. Buying car insurance is not rocket science. Consumers just need to learn how to compare rates on the web.

Automobile Insurance Quotes

All major insurance coverage companies like Geico, State Farm and Progressive quote prices on the web. Obtaining pricing is fairly straightforward as you just enter the coverages you want as requested by the quote form. After you submit the form their rating system makes automated requests for your driving and credit reports and generates pricing information. Online quotes streamlines rate comparisons, but the work required to visit a lot of sites and enter the same data into a form can get tiresome after awhile. But it is imperative to perform this step in order to get the lowest insurance coverage rates.

A quicker way to find cheaper rates requires only one form to get prices from a lot of companies. This type of form saves time, reduces the work, and makes comparison shopping much easier. After sending the form, it is quoted and you are able to buy any or none of the price quotes you receive. If one or more price quotes are lower than your current rates, you can simply submit the application and purchase the new policy. It just takes a couple of minutes and you will find out if you’re overpaying now.

If you want to use this form to compare rates, simply click here to open in new window and begin entering your coverage information. If you have coverage now, it’s recommended you type in the coverage information just like they are on your policy. This makes sure you’re receiving comparison quotes using the exact same coverages.

Misconceptions in auto insurance advertisements

Consumers get pounded daily by advertisements for the lowest price auto insurance from the likes of Geico, State Farm and Progressive. They all have a common claim that you’ll save big if you move your coverage to them.

How do they all claim to save you money? This is how they do it.

All companies have a preferred profile for the type of customer that makes them money. A good example of a desirable insured could be over the age of 50, is a homeowner, and drives less than 10,000 miles a year. Any new insured who fits that profile will get very good rates and is almost guaranteed to save a lot of money.

Potential customers who don’t qualify for these standards will have to pay a more expensive rate and this can result in business not being written. The ads say “people who switch” but not “drivers who get quotes” save money. This is how insurance companies can confidently make the claims of big savings. Because of the profiling, you absolutely need to get a wide range of price quotes. It is impossible to predict which company will fit your personal profile best.

Why your Ford Transit Connect might be costing you more

An important part of buying insurance is that you know the factors that go into determining insurance rates. Knowing what determines base rates allows you to make educated decisions that may reward you with big savings.

Listed below are a few of the “ingredients” companies use to determine rates.

  • Do you know you’re credit rating? – Having a bad credit history is a large factor in your rate calculation. If your credit rating is not that good, you could potentially save money when insuring your 2010 Ford Transit Connect by improving your credit score. Drivers with excellent credit tend to file fewer claims and have better driving records as compared to drivers with lower credit scores.
  • Marriage pays dividends – Having a wife or husband actually saves money on insurance. Having a significant other is viewed as being more mature than a single person and statistics show married couples file fewer claims.
  • High numbers of claims are not good – If you file claims often, you can look forward to higher rates. Companies give discounts to people who file claims infrequently. Insurance coverage is meant to be used in the event of larger claims.
  • Are you male or female? – Statistics have proven women tend to be less risk to insure than men. That doesn’t necessarily mean that men are worse drivers. Women and men tend to get into accidents in similar percentages, but the male of the species cause more damage. Men also tend to have more aggressive citations such as DWI and reckless driving. Teenage male drivers are the most expensive to insure and thus pay the highest rates.

Pay less by taking advantage of discounts

Companies that sell car insurance do not advertise all available discounts very well, so we break down some of the more common and the more hidden savings tricks you should be using. If you don’t get every credit possible, you’re just leaving money on the table.

  • 55 and Retired – Older drivers may receive better auto insurance rates for Transit Connect insurance.
  • Homeowners Discount – Owning a home may trigger a auto insurance policy discount because owning a home requires personal responsibility.
  • Auto/Life Discount – Larger companies have better rates if you take out life insurance from them.
  • Good Student – This discount can save 20 to 25%. The good student discount can last up until you turn 25.
  • Safe Driver Discount – Drivers who don’t get into accidents can pay as much as 50% less for Transit Connect insurance than drivers with accident claims.

It’s important to note that some credits don’t apply the the whole policy. The majority will only reduce the cost of specific coverages such as comp or med pay. So when the math indicates all the discounts add up to a free policy, it just doesn’t work that way.

Car insurance companies who might offer some of the above discounts may include but are not limited to:

Double check with all companies you are considering what discounts are available to you. Savings might not be offered in your state.

Your coverage should be tailored to you

When it comes to choosing the best auto insurance coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is unique so this has to be addressed. For example, these questions might help in determining whether or not you might need an agent’s assistance.

  • Is my teenager covered with friends in the car?
  • Should I buy full coverage?
  • Will I lose any money if I cancel my policy before it expires?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Do I pay less for low miles?
  • Do I have coverage if my license is suspended?
  • Do I need PIP (personal injury protection) coverage in my state?
  • If my 2010 Ford Transit Connect is totaled, can I afford another vehicle?
  • Why am I required to buy liability insurance?
  • Do I need rental car coverage?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to an agent. To find an agent in your area, complete this form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

Car insurance coverage specifics

Having a good grasp of car insurance can be of help when determining appropriate coverage for your vehicles. Car insurance terms can be impossible to understand and coverage can change by endorsement. Shown next are typical coverage types found on the average car insurance policy.

Uninsured/Underinsured Motorist (UM/UIM)

This provides protection from other drivers when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your 2010 Ford Transit Connect.

Since many drivers 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 very important.

Collision coverage

Collision insurance covers damage to your Transit Connect resulting from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as rolling your car, crashing into a ditch and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to bring the cost down.

Comprehensive insurance

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like falling objects, theft, hail damage, hitting a deer and hitting a bird. The most a car 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 probably time to drop comprehensive insurance.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP pay for immediate expenses for things like rehabilitation expenses, dental work and funeral costs. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Auto liability

Liability insurance will cover damage or injury you incur to other people or property in an accident. It protects you from legal claims by others. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 25/50/25 which means $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability coverage pays for claims like attorney fees, medical services, court costs, medical expenses and repair bills for other people’s vehicles. The amount of liability coverage you purchase is your choice, but you should buy as much as you can afford.

More quotes. Lower rates.

As you shop your coverage around, never sacrifice coverage to reduce premiums. In many instances, someone dropped comprehensive coverage or liability limits and learned later that their decision to reduce coverage ended up costing them more. The ultimate goal is to find the BEST coverage at the best price, not the least amount of coverage.

Cost effective 2010 Ford Transit Connect insurance is available on the web and also from your neighborhood agents, and you need to price shop both to have the best rate selection. Some insurance providers may not provide online quoting and usually these smaller companies provide coverage only through local independent agents.

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