Paying for high-priced Ford Ranger insurance can drain your bank account and force you to prioritize other expenses. Comparison shopping is free and is an excellent way to reduce premiums and put more money in your pocket.
Because there are so many companies to choose from, it is very difficult to pick the lowest cost provider.
You should take the time to check auto insurance prices periodically because insurance rates change frequently. Despite the fact that you may have had the best rates for Ranger insurance a couple years back you can probably find a lower rate today. You can find a lot of misleading information regarding auto insurance on the web, but we’re going to give you some tested techniques to save money.
There are a variety of methods to shop for 2002 Ford Ranger auto insurance, but there is one way that is more efficient than others. You could spend the better part of a day driving to insurance companies in your area, or you could save time and use online quotes to get the quickest rates.
Many companies participate in an industry program where prospective buyers submit one quote, and each participating company can provide price quotes for coverage. This eliminates the need for repetitive form submissions for each company you want a rate for.
To use this form to compare 2002 Ford Ranger insurance rates click here (opens in new window).
One minor caviat to getting quotes like this is you are unable to specify which companies you want to price. If you prefer to choose specific insurance companies to compare prices, we put together a list of low cost auto insurance companies in your area. View list of insurance companies.
Which method you use is up to you, but ensure you’re using exactly the same quote information with every price quote. If you are comparing higher or lower deductibles it will be impossible to truly determine the lowest rate. Quoting even small variations in insurance coverages may cause a big price difference. And when quoting auto insurance, remember that more quotes helps locate the best rates.
Insurance coverage companies such as Progressive, GEICO, Allstate and State Farm consistently run ads on TV and radio. They all seem to say the same thing that you can save if you change to their company. But how can every company make almost identical claims? This is how they do it.
All companies have a preferred profile for the right customer that makes them money. A good example of a preferred risk could be over the age of 40, has no tickets, and has a short commute. A customer who matches those parameters is entitled to the best price and as a result will probably save when switching.
Consumers who don’t qualify for these standards will be charged higher prices which leads to the driver buying from a lower-cost company. The ads state “drivers who switch” not “everyone that quotes” save that kind of money. That is how insurance companies can confidently claim big savings.
That is why drivers must get quotes from several different companies. It’s not possible to predict the company that will provide you with the cheapest Ford Ranger insurance rates.
Consumers need to have an understanding of the rating factors that play a part in calculating the price you pay for auto insurance. Knowing what determines base rates helps enable you to make changes that can help you get much lower annual insurance costs.
Shown below are some of the items that factor into your rates.
The cost of insuring your cars can be expensive, but you can get discounts to help offset the cost. Some discounts apply automatically at the time of quoting, but some must be requested specifically prior to receiving the credit.
A little note about advertised discounts, most discount credits are not given to your bottom line cost. The majority will only reduce the cost of specific coverages such as liability and collision coverage. So despite the fact that it appears you can get free auto insurance, you won’t be that lucky. But all discounts will reduce your premiums.
Car insurance companies that possibly offer these discounts include:
Before buying, ask each company how you can save money. Discounts might not apply in every state.
When buying proper insurance coverage, there really is no perfect coverage plan. Everyone’s situation is a little different and your policy should reflect that. For instance, these questions could help you determine if you could use an agent’s help.
If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area.
Having a good grasp of insurance can help you determine the right coverages for your vehicles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. Listed below are typical coverage types found on the average insurance policy.
Protection from uninsured/underinsured drivers – Your UM/UIM coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your Ford Ranger.
Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time these coverages are similar to your liability insurance amounts.
Comprehensive (Other than Collision) – Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for things such as a broken windshield, damage from getting keyed, hitting a bird, a tree branch falling on your vehicle and damage from flooding. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Collision coverages – 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 then your collision coverage will kick in.
Collision can pay for things like backing into a parked car, hitting a parking meter and rolling your car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.
Medical expense insurance – Med pay and PIP coverage kick in for immediate expenses for EMT expenses, prosthetic devices, X-ray expenses and doctor visits. They are often used in conjunction with a health insurance program or if you lack health insurance entirely. Coverage applies to all vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is not universally available and gives slightly broader coverage than med pay
Auto liability – Liability insurance will cover damages or injuries you inflict on other people or property that is your fault. It protects YOU from legal claims by others, and does not provide coverage for damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Some companies may use one number which is a combined single limit which limits claims to one amount without having the split limit caps.
Liability coverage pays for things such as emergency aid, repair bills for other people’s vehicles and structural damage. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.
You just read a lot of techniques to shop for 2002 Ford Ranger insurance online. The key concept to understand is the more quotes you get, the better your comparison will be. Consumers could even find that the lowest priced car insurance comes from some of the smallest insurance companies. These companies may cover specific market segments cheaper compared to the large companies like GEICO and State Farm.
As you shop your coverage around, you should never buy less coverage just to save a little money. In many cases, an accident victim reduced full coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The aim is to buy a smart amount of coverage for the lowest price while still protecting your assets.
Even more information can be read at these sites: