2006 Ford Econoline Cargo Car Insurance Quotes – 7 Ways to Save

Have you fallen victim to an underperforming, overpriced insurance policy? Trust us, you’re not alone.

There are many insurance companies to purchase coverage from, and although it’s a good thing to have multiple companies, it makes it harder to adequately compare rates.

Smart consumers take time to take a look at other company’s rates before your policy renews because rates fluctuate regularly. Just because you had the lowest price on Econoline Cargo insurance last year you can probably find a better price now. Forget anything you know (or think you know) about insurance because you’re about to find out one of the easiest ways to find better coverage at a better price.

Be sure to get all your discounts

The price of auto insurance can be rather high, buy you may qualify for discounts that many people don’t even know exist. Some trigger automatically when you purchase, but a few must be specifically requested before you will receive the discount.

  • Resident Student – Kids in college who attend school more than 100 miles from home and do not have access to a covered vehicle may be able to be covered for less.
  • Discount for Good Grades – A discount for being a good student can earn a discount of 20% or more. This discount can apply up until you turn 25.
  • Federal Employees – Employees or retirees of the government can earn a discount up to 10% on Econoline Cargo insurance with a few insurance coverage companies.
  • No Claims – Drivers with accident-free driving histories can earn big discounts when compared to drivers who are more careless.
  • More Vehicles More Savings – Buying coverage for multiple cars or trucks on one policy could earn a price break for each car.
  • Bundle and Save – When you combine your home and auto insurance with one insurance company you could get a discount of up to 20% off your total premium.
  • Defensive Driver – Taking part in a driver safety course can save you 5% or more and easily recoup the cost of the course.

As a disclaimer on discounts, most discounts do not apply to the overall cost of the policy. Most only cut the cost of specific coverages such as collision or personal injury protection. So despite the fact that it appears it’s possible to get free car insurance, insurance coverage companies aren’t that generous. But any discount will cut the amount you have to pay.

To see a list of insurers who offer insurance coverage discounts, click here to view.

How do I know if I need professional advice?

When it comes to choosing the right insurance coverage for your personal vehicles, there really is not a single plan that fits everyone. Coverage needs to be tailored to your specific needs so your insurance should reflect that For example, these questions might point out if you would benefit from professional advice.

  • Should I sign the liability waiver when renting a car?
  • Is other people’s property covered if stolen from my vehicle?
  • Do I have newly-aquired coverage?
  • How much underlying liability do I need for an umbrella policy?
  • Is my ex-spouse still covered by my policy?
  • Should I put collision coverage on all my vehicles?
  • Exactly who is provided coverage by my policy?
  • If my pet gets injured in an accident are they covered?

If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Coverage specifics

Knowing the specifics of your policy can help you determine the right coverages and the correct deductibles and limits. Insurance terms can be confusing and nobody wants to actually read their policy. These are typical coverages offered by insurance companies.

Liability coverages – This coverage provides protection from damage that occurs to other people or property by causing an accident. It protects YOU against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/50 that means you have $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Some companies may use a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers things like medical expenses, structural damage, court costs, repair bills for other people’s vehicles and attorney fees. How much liability coverage do you need? That is up to you, but consider buying as much as you can afford.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as hitting a deer, hail damage, hitting a bird and damage from a tornado or hurricane. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Insurance for medical payments – Coverage for medical payments and/or PIP pay for bills like prosthetic devices, surgery, hospital visits, funeral costs and pain medications. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. They cover you and your occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Collision coverage – Collision coverage pays for damage to your Econoline Cargo resulting from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for things such as backing into a parked car, hitting a mailbox, crashing into a building, crashing into a ditch and hitting a parking meter. This coverage can be expensive, so consider dropping it from vehicles that are older. It’s also possible to choose a higher deductible to bring the cost down.

Uninsured Motorist or Underinsured Motorist insurance – This coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your Ford Econoline Cargo.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family. Normally these coverages are similar to your liability insurance amounts.

Spend less. Save more.

We just covered many ideas to get a better price on 2006 Ford Econoline Cargo insurance. The key concept to understand is the more times you quote, the better your chances of lowering your rates. You may be surprised to find that the lowest priced insurance coverage comes from a lesser-known regional company. These smaller insurers can often provide lower rates in certain areas than the large multi-state companies such as Allstate and Progressive.

While you’re price shopping online, it’s a bad idea to reduce needed coverages to save money. There are a lot of situations where an insured dropped physical damage coverage only to regret at claim time that they should have had better coverage. The proper strategy is to buy the best coverage you can find at an affordable rate while still protecting your assets.

To read more, link through to the resources below: