2003 Ford Econoline Cargo Car Insurance Quotes

Want better insurance coverage rates for your Ford Econoline Cargo? Finding low-cost insurance coverage online can be difficult for people who are new to shopping for insurance online. With such a large number of companies competing online, how can consumers possibly compare the different rates to find the cheapest rates?

It’s a great practice to compare prices once or twice a year because prices change frequently. Just because you had the best rates for Econoline Cargo insurance a few years ago other companies may now be cheaper. Block out anything you think you know about insurance coverage because we’re going to demonstrate one of the quickest ways to get good coverage at a lower rate.

If you currently have a car insurance policy, you will most likely be able to save some money using this strategy. Shopping for the cheapest auto insurance is simple if you know the tricks. But drivers need to learn the way companies market on the web and apply this information to your search.

Lesser-known factors impacting Ford Econoline Cargo insurance rates

It’s important that you understand the different types of things that help determine insurance rates. When you know what positively or negatively influences your rates allows you to make educated decisions that could result in better insurance rates.

  • More claims means more premium – Insurance companies give cheaper rates to drivers who do not file claims often. If you frequently file small claims, you can expect either higher rates or even cancellation. Insurance coverage is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • Add-on coverages can add up – There are many extra coverages that you can get tricked into buying when buying insurance. Coverages for rental car reimbursement, accidental death and term life insurance may be costing you every month. These coverages may sound good when talking to your agent, but if they’re wasting money eliminate them to save money.
  • How many coverages with the same company – Many companies will give a discount to people who have multiple policies with them such as combining an auto and homeowners policy. Discounts can add up to anywhere from five to ten percent in most cases. Even though this discount sounds good, it’s still a good idea to compare rates to ensure the best deal.
  • Protect your assets with liability insurance – Liability coverage is the coverage that protects you in the event that a court rules you are at fault for causing damage or personal injury in an accident. It provides legal defense which can be incredibly expensive. Liability is cheap when compared with rates for comp and collision, so do not skimp.
  • Men are more aggressive – The statistics show that women are safer drivers than men. However, this does not mean men are WORSE drivers than women. Both sexes cause accidents at a similar rate, but the males have costlier accidents. They also have more aggressive citations such as DWI and reckless driving. Youthful male drivers are the most expensive to insure and are penalized with high insurance rates.
  • How’s your driving record? – Whether or not you get tickets has a big impact on rates. Only having one moving violation can increase rates by as much as thirty percent. Good drivers tend to pay less for car insurance compared to drivers with tickets. Drivers with flagrant tickets like DWI, reckless driving or hit and run convictions are required to submit a SR-22 form with the DMV in their state in order to keep their license.
  • Allowing your policy to lapse raises rates – Letting your insurance expire will be a sure-fire way to bump up your insurance costs. Not only will you pay more, getting caught without coverage may earn you a hefty fine and possibly a revoked license.
  • Your occupation can affect rates – Careers like lawyers, executives and stock brokers tend to have the highest rates in part from job stress and long work days. On the other hand, jobs such as pilots, students and the unemployed receive lower rates for Econoline Cargo insurance.

Discounts can save BIG

Properly insuring your vehicles can get expensive, but you can get discounts that can drop the cost substantially. Certain discounts will be applied at quote time, but some may not be applied and must be inquired about before you will receive the discount.

  • No Charge for an Accident – A few companies will allow you to have one accident before hitting you with a surcharge as long as you don’t have any claims prior to the accident.
  • Federal Employees – Active or retired federal employment may qualify you for a discount for Econoline Cargo insurance with select insurance companies.
  • Passive Restraints – Cars that have air bags or motorized seat belts can receive discounts of up to 25% or more.
  • Save over 55 – If you’re over the age of 55, you may be able to get a discount up to 10% for Econoline Cargo insurance.
  • Accident Free – Good drivers with no accidents can save substantially compared to frequent claim filers.
  • Low Mileage Discounts – Low mileage vehicles can earn lower rates on the low mileage vehicles.

Keep in mind that some credits don’t apply to the entire cost. Most only reduce the price of certain insurance coverages like medical payments or collision. Just because it seems like it’s possible to get free car insurance, you’re out of luck. Any qualifying discounts will reduce the amount you have to pay.

Insurance companies who might offer these discounts include:

It’s a good idea to ask each company how you can save money. Discounts may not apply in your area.

Is there truth in advertising?

Companies like State Farm, Allstate and GEICO consistently run ads on TV and radio. All the ads say the same thing that you can save if you change your policy. How do they all make almost identical claims? It’s all in the numbers.

Insurance companies can use profiling for the type of customer that makes them money. For instance, a profitable customer could possibly be a mature driver, has no driving citations, and has a high credit rating. A driver who meets those qualifications receives the best rates and as a result will probably save a lot of money.

Potential insureds who are not a match for this ideal profile must pay more money and ends up with business not being written. Company advertisements say “customers that switch” not “people who quote” save money. That’s why insurance companies can make those claims.

This illustrates why drivers must get as many comparisons as possible. It’s impossible to know which company will give you the biggest savings on Ford Econoline Cargo insurance.

Will just any policy work for me?

When choosing adequate coverage, there is no cookie cutter policy. Everyone’s needs are different.

For instance, these questions can aid in determining if you would benefit from professional advice.

  • Will filing a claim cost me more?
  • Does my policy cover me when driving someone else’s vehicle?
  • Is my cargo covered for damage or theft?
  • Do I need replacement cost coverage?
  • Do I need PIP coverage since I have good health insurance?
  • Are my tools covered if they get stolen from my vehicle?
  • What is no-fault insurance?

If you can’t answer these questions then you might want to talk to an agent. If you want to speak to an agent in your area, simply complete this short form.

The coverage is in the details

Understanding the coverages of insurance can be of help when determining the right coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and reading a policy is terribly boring.

Liability coverages

This protects you from damages or injuries you inflict on a person or their property. It protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability coverage pays for things such as medical services, structural damage, court costs, attorney fees and medical expenses. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

Collision coverage

Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage protects against things such as crashing into a ditch, colliding with another moving vehicle and damaging your car on a curb. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for doctor visits, EMT expenses, prosthetic devices, ambulance fees and dental work. They are utilized in addition to your health insurance program or if there is no health insurance coverage. Coverage applies to you and your occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Protection from uninsured/underinsured drivers

This protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your 2003 Ford Econoline Cargo.

Because many people 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. Frequently the UM/UIM limits are similar to your liability insurance amounts.

Comprehensive (Other than Collision)

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like hail damage, vandalism and theft. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Don’t break the bank

When you buy insurance online, do not skimp on coverage in order to save money. There are many occasions where consumers will sacrifice comprehensive coverage or liability limits and learned later they didn’t purchase enough coverage. The ultimate goal is to buy a smart amount of coverage at the best price while still protecting your assets.

Low-cost 2003 Ford Econoline Cargo insurance can be sourced from both online companies and with local insurance agents, so compare prices from both to get a complete price analysis. Some companies do not offer online price quotes and usually these smaller companies provide coverage only through local independent agents.

We just covered a lot of tips how to save on insurance. The key thing to remember is the more providers you compare, the more likely it is that you will get a better rate. Drivers may discover the lowest priced car insurance comes from a company that doesn’t do a lot of advertising.

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