No one in their right mind likes paying for car insurance, especially when their premiums are too high.
Companies like Allstate, Progressive and GEICO promote their brand names with ad campaigns and it is challenging if not impossible to see past the corporate glitz and do the work needed to find the best deal.
Smart consumers take time to compare rates periodically because rates change frequently. If you had the lowest price on E-250 insurance a couple years back a different company probably has better rates today. Ignore everything you know about car insurance because you’re about to find out the best way to properly buy coverages while reducing your premium.
The are a couple different ways to compare quotes from insurance companies in your area. The easiest way by far to find competitive 1994 Ford E-250 insurance rates is to perform an online rate comparison. This can be done in a couple of different ways.
The fastest way to get quotes would be an industry-wide quote request form like this one (opens in new window). This type of form saves time by eliminating separate quotes for each company. A single, simple form compares rates from insurance companies with the best prices.
A different way to get comparison quotes is to take the time to go to the website for every company you want to comare and fill out their own quote form. For examples sake, we’ll assume you want comparison quotes from Nationwide, Allstate and GEICO. To get rate quotes you would need to spend time on each company’s site and enter your policy data, which is why most consumers use the first method.
For a list of links to insurance companies in your area, click here.
It doesn’t matter which method you choose, just make darn sure you compare apples-to-apples information for every company. If you use unequal deductibles or liability limits then you won’t be able to find the best deal for your Ford E-250. Just a small difference in coverages can make a big difference in price. Keep in mind that obtaining a wide range of quotes helps locate the best price.
Companies offering auto insurance do not list every discount very well, so we researched both well-publicized as well as the least known insurance savings.
Keep in mind that many deductions do not apply the the whole policy. Most only reduce the price of certain insurance coverages like medical payments or collision. Just because it seems like you would end up receiving a 100% discount, it just doesn’t work that way.
Car insurance companies who might offer some of the above discounts are:
Double check with all companies you are considering which discounts you may be entitled to. Savings may not be available in your area.
When buying coverage, there really is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For instance, these questions could help you determine whether your personal situation might need professional guidance.
If it’s difficult to answer those questions but you know they apply to you then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area.
Having a good grasp of your insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. These are typical coverage types found on the average insurance policy.
Liability auto insurance
Liability coverage provides protection from damages or injuries you inflict on people or other property that is your fault. It protects you against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 100/300/100 which means a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.
Liability can pay for things such as pain and suffering, legal defense fees, court costs and medical services. The amount of liability coverage you purchase is a personal decision, but buy as large an amount as possible.
Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage pays for claims like hitting a mailbox, crashing into a building and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.
Medical payments and PIP coverage
Medical payments and Personal Injury Protection insurance reimburse you for expenses for nursing services, surgery and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Coverage applies to you and your occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage
Comprehensive auto coverage
This covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things like damage from a tornado or hurricane, damage from getting keyed, vandalism and fire damage. The maximum amount a insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Ford E-250.
Since a lot of 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 should not be overlooked.