Feel like you’re a prisoner to high-priced car insurance? Trust us, there are many consumers feeling the pinch from expensive car insurance.
There is such a variety of insurance companies to insure vehicles with, and though it is a good thing to have a selection, lots of choices makes it harder to locate the cheapest rates.
It’s a good idea to compare rates on a regular basis because prices change frequently. Just because you found the lowest price on E250 Econoline Club Wagon insurance six months ago you can probably find a better price now. So just forget anything you know (or think you know) about car insurance because it’s time to teach you one of the best ways to lower your annual insurance bill.
Ford E250 Econoline Club Wagon rate determination is complex
It’s important that you understand some of the elements that come into play when calculating the price you pay for car insurance. Understanding what determines base rates empowers consumers to make smart changes that will entitle you to lower car insurance prices.
The list below includes a few of the “ingredients” used by your company to calculate prices.
- Do you need those extra coverages? – There are a lot of additional coverages you can purchase on your car insurance policy. Coverages for roadside assistance, better glass coverage and motor club memberships may be wasting your money. They may seem like a good idea at first, but if you don’t need them eliminate them to save money.
- Frequent car insurance claims increase rates – Companies provide discounts to drivers who do not file claims often. If you are a frequent claim filer, you can pretty much guarantee either policy cancellation or increased premiums. Car insurance is designed for the large, substantial claims.
- One company can mean more discounts – Some insurance companies give discounts to people who buy several policies from them in the form of a multi-policy discount. Even if you’re getting this discount it’s in your best interest to compare rates to make sure you are getting the best deal.
- Do you have a high stress job? – Occupations like judges, executives and financial analysts are shown to have higher average rates in part from job stress and lots of time spent at work. Conversely, occupations like actors, engineers and the unemployed pay the least on E250 Econoline Club Wagon insurance.
- Discounts for married couples – Having a wife or husband can actually save you money on your policy. Marriage usually means you are more responsible and statistics show married drivers get in fewer accidents.
- High deductibles save money – Physical damage insurance, also known as collision and other-than-collision, protects your Ford from damage. Some examples of claims that would be covered are collision with another vehicle, damage caused by hail, and rolling your vehicle. Physical damage deductibles are the amount of money you are required to spend out-of-pocket before a claim is paid by your company. The more the insured has to pay upfront, the lower your rates will be on E250 Econoline Club Wagon insurance.
Companies offer discounts so take them!
Insuring your vehicles can cost a lot, but you may find discounts to help offset the cost. A few discounts will automatically apply at the time of quoting, but some must be specially asked for before being credited.
- Employee of Federal Government – Being employed by or retired from a federal job could cut as much as 10% off on E250 Econoline Club Wagon insurance with certain companies.
- Passive Restraints – Vehicles with factory air bags or automatic seat belts can get savings of 20% or more.
- Claim Free – Drivers who don’t have accidents can save substantially when compared with frequent claim filers.
- Organization Discounts – Being a member of certain professional organizations may earn a discount on car insurance on E250 Econoline Club Wagon insurance.
- Student Driver Training – Make teen driver coverage more affordable by requiring them to enroll in driver’s education if it’s offered in school.
- Seat Belt Usage – Using a seat belt and requiring all passengers to buckle their seat belts can save up to 15% on the medical payments or PIP coverage costs.
- Homeowners Savings – Owning a home can help you save on car insurance because maintaining a house is proof that your finances are in order.
- Braking Control Discount – Vehicles equipped with ABS or steering control can avoid accidents and therefore earn up to a 10% discount.
- Accident Forgiveness – Some insurance companies allow you one accident before hitting you with a surcharge as long as you don’t have any claims for a set time period.
It’s important to understand that most discount credits are not given to your bottom line cost. Most only reduce the price of certain insurance coverages like liability and collision coverage. So when the math indicates you would end up receiving a 100% discount, companies don’t profit that way. Any qualifying discounts will help reduce your overall premium however.
For a list of insurers offering car insurance discounts, click here to view.
Quote online but work with a neighborhood agent
A small number of people just want to buy from a licensed agent. The biggest benefit of comparing rates online is the fact that you can find better rates and still choose a local agent. Buying from local insurance agencies is important particularly in smaller communities.
After filling out this short form, the quote information is emailed to agents in your area who will battle for your business. You don’t have to visit any agencies as quotes are delivered immediately to your email address. How cool is that?! Get lower rates AND a local agent.
To contact a specific insurance agent in your state, click here.
Picking an insurance company requires more thought than just the bottom line cost. Any agent should be forthright in answering these questions:
- Do they have any clout with companies to ensure a fair claim settlement?
- How much can you save by raising your physical damage deductibles?
- Do they carry Errors and Omissions coverage?
- Which members of your family are coverage by the policy?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- What insurance companies do they recommend if they are an independent agent?
- Does the agency have a good rating with the Better Business Bureau?
Once you have satisfactory answers to any questions you have and a low price estimate, it’s possible that you found an insurer that is a good match to provide car insurance coverage.
Do the work, save more money
When trying to cut insurance costs, do not reduce needed coverages to save money. Too many times, an accident victim reduced comprehensive coverage or liability limits to discover at claim time they didn’t purchase enough coverage. Your focus should be to buy the best coverage you can find at an affordable rate while still protecting your assets.
We’ve covered many ideas to shop for Ford E250 Econoline Club Wagon insurance online. The key concept to understand is the more you quote, the better likelihood of reducing your rate. Drivers may discover the lowest rates come from the least-expected company. Smaller companies may cover specific market segments cheaper than the large multi-state companies such as State Farm and Allstate.
