Best Tampa Ford Ranger Insurance

Has it been over a year since you last compared quotes for lower-priced Ford Ranger insurance in Tampa? Did a good deal turn into overpriced Ford Ranger insurance in Tampa? Believe me when I say many Tampa drivers feel the same as you.

Unthinkable but true, over 70% of consumers kept buying from the same company for well over three years, and just short of a majority have never compared rates from other carriers. Tampa insurance shoppers can save hundreds of dollars each year by just shopping around, but they just assume it takes a lot of time to shop their coverage around. Multiple auto insurance companies compete for your insurance dollar, so it’s not easy to compare every insurer to discover the definitive best rate on Ford Ranger insurance in Tampa.

You should take the time to compare rates quite often because prices are usually higher with each renewal. Just because you found the best quotes on Ford Ranger insurance in Tampa a couple years back there may be better deals available now. There is a lot of wrong information about Ranger insurance on the internet, but you can learn some proven techniques to lower your insurance premiums.

If you are already insured or are just looking to switch companies, you can learn to shop for the lowest rates without having to cut coverage. Choosing the most cost-effective auto insurance policy in Tampa is quite easy. Shoppers just have to understand the quickest method to get comparison rates using one simple form.

Finding cheap Ford Ranger insurance rates is not a difficult process. Just spend a few minutes comparing price quotes online from several insurance companies.

Doing price comparisons online is so simple that it makes it a waste of time to spend time driving to and from local Tampa insurance agencies. The ability to get quotes online makes this process obsolete unless your situation requires the extra assistance only provided by licensed Tampa agents. It is possible with some companies obtain prices from the web and still use a local agent.

The companies in the list below offer comparison quotes in Florida. If you want cheap car insurance in FL, we suggest you visit several of them to get a more complete price comparison.

Insurance data for a Ford Ranger

The data table displayed next showcases estimates of coverage prices for Ford Ranger models. Knowing how insurance prices are determined is important for you to make smart choices when selecting a coverage provider.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Price information does not factor in specific zip code location which can affect prices greatly.

Rate comparison for different deductibles

One common question asked by Tampa drivers is where should you set your physical damage deductibles. The comparisons below outline the differences in premium rates between low and high comp and collision deductibles. The first price estimate table uses a $250 comprehensive and collision deductible and the second price grid uses a $500 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Rates do not factor in your specific Tampa location which can raise or lower prices considerably.

We can derive from the above data that using a $250 deductible costs about $14 more each month or $168 for a full year than selecting the higher $500 deductible. Since you would have to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you go more than 18 months between claim filings, you would most likely save money if you opt for a higher deductible. The numbers below show the way this determination is made.

The information below demonstrates how choosing different deductibles and can raise or lower Ford Ranger yearly insurance costs for different age categories. Data assumes a single female driver, full coverage, and no discounts are applied.

Annual premiums for males compared to females

The diagram below compares Ford Ranger auto insurance costs for male and female drivers. The premium estimates are based on no claims or violations, comprehensive and collision coverage, $250 deductibles, drivers are single, and no discounts are factored in.

Comparison of full coverage and liability-only policies

The chart below shows the difference between Ford Ranger insurance costs with full physical damage coverage compared to only buying liability only. The costs are based on no claims or driving citations, $1,000 deductibles, single status, and no policy discounts are applied.

When to drop comp and collision

There is no written rule for dropping full coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.

For example, let’s pretend your Ford Ranger replacement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $6,000 after the policy deductible has been paid. If you are currently paying more than $600 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

There are a few situations where dropping physical damage coverage is not financially feasible. If you have an outstanding loan on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

Smart Buyers Can Slash Their Insurance Prices

Lots of things are part of the calculation when you quote your car insurance policy. Some are pretty understandable such as traffic violations, but some are not quite as obvious like your vehicle usage or your financial responsibility.

Shown below are a few of the “ingredients” used by companies to determine your rate level.

Does your employer cost you more? – Occupational choices like doctors, business owners, and stock brokers usually pay higher average rates attributed to intense work-related stress and incredibly demanding work hours. Conversely, careers like professors, engineers and the unemployed pay the least.

Where you call home factors in – Living in areas with lower population has definite advantages when insuring your vehicles. Drivers who live in large cities have congested traffic and longer commute times. Fewer people means less chance of accidents and a lower car theft rate.

Bad drivers pay high costs – Having a clean driving record has a huge affect on how much you pay. Drivers with clean records get better rates than people who have multiple driving citations. Just one speeding ticket or other violation can increase rates by as much as twenty percent. Drivers who have gotten dangerous tickets such as hit and run, DWI or reckless driving convictions may face state-mandated requirements to file a proof of financial responsibility form (SR-22) with their state DMV in order to continue driving.

The chart below illustrates how traffic citations and accident claims can increase Ford Ranger insurance premiums for each different age category. The data assumes a married male driver, full coverage, $500 deductibles, and no discounts are taken into consideration.

The higher your credit rating the lower your costs – Having a good credit score is a big factor in determining what you pay for auto insurance. Consumers who have very good credit scores tend to be more responsible and file fewer claims as compared to drivers with worse credit. If your credit score is not that good, you could be paying less to insure your Ford Ranger by repairing your credit.

Buy a safe car and pay less – Safer cars get lower rates. Safer cars help reduce the chance of injuries in an accident and fewer injuries means less claims paid and more competitive rates for policyholders. If your Ford Ranger scored at minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.

Additional coverages that may be costing you – Insurance policies have a lot of add-on coverages that may not really be needed if you aren’t diligent. Coverages for rental car reimbursement, high-cost glass coverage, and term life insurance are some examples. They may sound like good ideas when discussing your needs, but if you’ve never needed them in the past consider taking them off your policy.

Don’t cancel your policy without a new one in place – Having a gap between insurance policy dates is a sure-fire way to increase your auto insurance rates. Not only will you pay higher rates, not being able to provide proof of insurance will get you a fine, jail time, or a revoked license.

Why do I need car insurance?

Despite the potentially high cost of Ford Ranger insurance, insurance serves several important purposes.

• Most states have mandatory liability insurance requirements which means you are required to carry specific limits of liability insurance coverage if you don’t want to risk a ticket. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If your Ford has a lienholder, most banks will require that you have insurance to ensure the loan is repaid in case of a total loss. If you cancel or allow the policy to lapse, the bank may buy a policy for your Ford for a much higher rate and require you to pay for the expensive policy.
• Auto insurance protects your Ford Ranger and your assets. Insurance will also pay for medical bills that are the result of an accident. Liability coverage, the one required by state law, also pays for attorney fees and expenses if you are named as a defendant in an auto accident. If your Ford gets damaged, collision and comprehensive coverages will pay to repair the damage.

The benefits of insuring your car are definitely more than the cost, particularly when you have a large claim. The average driver in America is currently overpaying as much as $800 each year so you should quote your policy with other companies at every policy renewal to help ensure money is not being wasted.