Best Insurance for a Ford Ranger in Lincoln

Truthfully, the best way to save money on car insurance rates in Lincoln is to compare prices regularly from insurance carriers who sell insurance in Nebraska.

Step 1: It will benefit you to learn about how your policy works and the steps you can take to prevent expensive coverage. Many policy risk factors that result in higher rates like multiple speeding tickets and a less-than-favorable credit score can be rectified by paying attention to minor details.

Step 2: Compare rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can provide rates from a single company like Progressive and State Farm, while agents who are independent can quote prices from multiple companies.

Step 3: Compare the new quotes to your current policy and determine if cheaper Ranger coverage is available in Lincoln. If you can save some money and switch companies, verify that coverage does not lapse between policies.

The critical component of shopping around is to make sure you enter the same physical damage deductibles and liability limits on every price quote and and to look at as many different insurance providers as possible. Doing this guarantees an accurate price comparison and a complete selection of prices.

It’s safe to conclude that insurance companies want to keep you from comparing rates. Consumers who shop around annually will most likely switch to a new company because there is a good probability of finding a more affordable policy. A recent survey revealed that drivers who shopped around annually saved on average $3,500 over four years as compared to drivers who never compared other company’s rates.

If finding the best price on Ford Ranger insurance is your ultimate goal, knowing how to choose a company and compare cheaper coverage can help simplify the process.

If you already have coverage, you should be able to get lower rates using the ideas presented in this article. Finding the cheapest coverage in Lincoln can initially seem challenging. Although Nebraska vehicle owners must comprehend how insurance companies market on the web because rates fluctuate considerably.

Get discounts on Lincoln insurance

Not many people think insurance is cheap, but companies offer discounts that could help you make your next renewal payment. Certain discounts will be applied when you quote, but some discounts are required to be asked about before you get the savings. If you check and find you aren’t receiving every discount available, you are throwing money away.

• Low Miles Discount – Driving fewer miles may enable drivers to earn slightly better rates than normal.
• Memberships – Affiliation with specific professional or occupational memberships or organizations can get you a small discount on your policy.
• Discounts for New Vehicles – Putting insurance on a new Ranger may earn a small discount because newer models have to meet stringent safety requirements.
• Anti-theft System – Anti-theft and alarm system equipped vehicles are stolen less frequently so companies will give you a small discount.
• Payment Method – If you pay your entire premium ahead of time rather than paying monthly you may have a lower total premium amount.
• Lower Rates for Military – Being deployed in the military can result in better rates.

You can save money using discounts, but some of the credits will not apply to your bottom line cost. Some only apply to individual premiums such as liability, collision or medical payments. So even though you would think adding up those discounts means a free policy, it just doesn’t work that way.

The chart below shows the comparison of Ford Ranger insurance costs with and without discounts applied to the premium. The costs are based on a male driver, no violations or claims, Nebraska state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, multi-policy, safe-driver, claim-free, and homeowner discounts applied.

Companies and a selection of discounts are detailed below.

• Farmers Insurance discounts include distant student, alternative fuel, bundle discounts, business and professional, and mature driver.
• State Farm offers discounts for good student, anti-theft, good driver, Steer Clear safe driver discount, and defensive driving training.
• Liberty Mutual offers discounts including good student, teen driver discount, new vehicle discount, preferred payment discount, new graduate, and new move discount.
• MetLife has discounts for defensive driver, claim-free, multi-policy, good student, good driver, and accident-free.
• Progressive offers premium reductions for continuous coverage, multi-vehicle, online signing, multi-policy, homeowner, and good student.

When quoting, ask every insurance company to give you their best rates. Depending on the company, some discounts might not apply in your state. If you would like to choose from a list of insurance companies offering insurance discounts in Nebraska, click this link.

The most recommended method to compare rate quotes for Ford Ranger insurance in Lincoln is to know most insurance companies have advanced systems to provide you with free rate quotes. The only thing you need to do is spend a couple of minutes providing details including how many miles driven, if the vehicle is leased, the make and model of your vehicles, and how old drivers are. Your insurance information is automatically sent to multiple companies and they return rate quotes within a short period of time.

If you would like to compare rates now, click here and find out if lower rates are available in Lincoln.

The companies shown below provide quotes in Nebraska. If you want to find cheap auto insurance in Lincoln, NE, it’s a good idea that you compare several of them in order to get a fair rate comparison.

Car insurance statistics and figures

The rate information below covers different policy rates for Ford Ranger models. Learning a little about how car insurance premiums are calculated is important for you to make smart choices when comparing insurance rates.

Data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nebraska minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Price information does not factor in specific garaging location which can modify insurance rates greatly.

Policy deductible comparison

One of the most common car insurance questions is how high should the physical damage deductibles be. The following insurance rates illustrate how much more rates are between high and low physical damage deductibles. The first price estimate table uses a $250 comprehensive and collision deductible and the second rate chart uses a $500 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Prices do not factor in specific location information which can decrease or increase premium rates significantly.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs approximately $10 more each month or $120 every year than choosing the higher $500 deductible. Because you would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you normally go more than 25 months between claims, you would probably be better off by going with a higher deductible. The illustration below shows the way you can perform this determination yourself.

One thing to note is that raising deductibles to get cheaper rates means you pay more out-of-pocket when you have a physical damage claim. It will be required that you have some money saved in order to pay the deductible for vehicle repair.

Ford Ranger full coverage rates compared to liability only

The diagram below shows the difference between Ford Ranger annual premium costs with full physical damage coverage compared to only buying liability only. The rates are based on no violations or claims, $500 deductibles, marital status is single, and no discounts are factored in.

Are you wasting money on full coverage?

There is no exact formula to eliminate comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.

For example, let’s say your Ford Ranger book value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company will settle for is $7,000 after the policy deductible has been paid. If you are paying more than $700 a year for physical damage coverage, then it could be time to drop full coverage.

There are some conditions where removing full coverage is not financially feasible. If you haven’t satisfied your loan, you have to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not drop full coverage.

Eight Tips to Get More Affordable Lincoln Insurance Prices

A large part of saving on auto insurance is knowing some of the elements that help determine auto insurance rates. When you know what positively or negatively controls the rates you pay, this enables you to make decisions that could result in much lower annual insurance costs.

• Better premiums on safer vehicles – Vehicles with high crash test scores cost less to insure. Safer cars reduce the chance of injuries and reduced instances of injuries translates into fewer and smaller insurance claims which can mean better rates for you. If your Ford Ranger has at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
• Bad credit hurts insurance prices – Having a bad credit score is a large factor in your rate calculation. Therefore, if your credit rating could use some work, you could be paying less to insure your Ford Ranger by repairing your credit. Consumers who have good credit tend to be better drivers and file fewer claims than those with poor credit.
• Raise deductibles and save – Physical damage coverage, also called comprehensive and collision insurance, helps pay for damage to your vehicle. Some instances where coverage would apply would be a windshield shattered by a rock, flood damage, and windstorm damage. Physical damage deductibles are how much you are willing to pay out-of-pocket if the claim is covered. The more money you’re willing to pay, the better rate you will receive.
• Always keep your auto insurance in force – Driving without insurance coverage in place is a big no-no and you will pay a penalty because you let your insurance lapse. In addition to paying higher rates, not being able to provide proof of insurance will get you fines and jail time. You may then have to prove you have insurance by filing a SR-22 with the Nebraska motor vehicle department.
• Single drivers take more risk – Having a spouse may earn you lower rates on auto insurance. Having a significant other translates into being less irresponsible and it’s statistically proven that married couples file fewer claims.
• Remove unneeded incidental coverages – There are many extra coverages that you can get tricked into buying if you aren’t diligent. Add-on coverages like rental car coverage, better glass coverage, and extra equipment coverage are examples of these. You may think they are a good idea when talking to your agent, but your needs may have changed so remove them and pocket the money.

• Accidents increase prices – Careful drivers pay less for auto insurance than their less careful counterparts. Even a single moving violation could increase your next policy renewal by twenty percent. Drivers who have received careless violations such as reckless driving, hit and run or driving under the influence may be required to complete a SR-22 with their state in order to prevent their license from being revoked.

  The diagram below illustrates how speeding tickets and at-fault accidents can raise Ford Ranger auto insurance costs for each different age category. The prices are based on a single female driver, comp and collision included, $1,000 deductibles, and no discounts are applied to the premium.

• Companies want multiple policies – Most major insurers will award a discount for people who have multiple policies with them, otherwise known as a multi-policy discount. Even if you qualify for this discount already, drivers will still want to compare other company rates to help guarantee you have the best rates.There is a chance you can find a better deal by splitting coverages up.

Compare rate quotes but buy from a neighborhood Lincoln auto insurance agent

A lot of people still like to have an agent’s advice and that can be a smart move An additional benefit of comparing auto insurance online is that drivers can save money and get cheaper rates and still have a local agent. And supporting small agencies is especially important in Lincoln.

By using this simple form, your insurance coverage information is transmitted to companies in Lincoln who will return price quotes for your insurance coverage. You never need to leave your house since price quotes are sent instantly to you. You can most likely find cheaper rates and a licensed agent to work with. In the event you want to quote rates from a specific insurance company, don’t hesitate to navigate to their website and fill out the quote form the provide.

Not all auto insurance agents are the same

When narrowing the list to find a local agent, there are a couple of different types of agents and how they differ in how they can insure your vehicles. Auto insurance agencies can be categorized as either independent agents or exclusive agents.

Independent Agents

Independent insurance agents do not sell for just one brand so they can write business with lots of companies and possibly get better coverage at lower prices. If they find a lower price, the agent simply finds a different carrier and you can keep the same agent. If you are comparing auto insurance prices, you will definitely want to check rates from a couple of independent agencies to ensure the widest selection of prices.

Below is a list of independent insurance agents in Lincoln who may be able to give you cheap rate quotes.

View more Lincoln agents

Exclusive Auto Insurance Agents

These agents can only provide one company’s prices and some examples include Farmers Insurance, State Farm, Allstate, and AAA. Exclusive agencies are unable to shop your coverage around so they really need to provide good service. These agents are very knowledgeable on sales techniques and that enables them to sell even at higher rates.

Below is a list of exclusive agencies in Lincoln that are able to give rate quotes.

View more Lincoln agents

Deciding on an car insurance agent requires you to look at more than just the price. These are some questions your agent should answer.

• What is the agency’s Better Business Bureau rating?
• Will one accident increase rates?
• Can they provide you with a list of referrals?
• What insurance companies do they work with in Lincoln?
• If you are a high risk driver, do they have special markets for your coverage?
• If your car is totaled, how to they determine the replacement cost?

Upon receiving reasonable responses to all your questions as well as a price you’re happy with, it’s a good possibility that you have found an auto insurance agent that is professional and can properly insure your vehicles.

Insurance is not optional in Nebraska

Even though it can be expensive, paying for insurance serves an important purpose.

First, the majority of states have minimum mandated liability insurance limits which means you are required to carry specific limits of liability if you drive a vehicle. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you have a lien on your car, almost every bank will make it a condition of the loan that you have comprehensive coverage to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the bank may insure your Ford at a more expensive rate and force you to pay the higher premium.

Third, insurance protects both your assets and your vehicle. It also can pay for all forms of medical expenses for both you and anyone you injure as the result of an accident. One of the most valuable coverages, liability insurance, will also pay for a defense attorney if you are sued as the result of your driving. If damage is caused by hail or an accident, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.

The benefits of buying enough insurance more than offset the price you pay, especially when you need to use it. The average driver in Nebraska is wasting up to $820 a year so compare rates at every renewal to save money.

Quote more and you will save more

While you’re price shopping online, never buy lower coverage limits just to save a few bucks. There are a lot of situations where consumers will sacrifice uninsured motorist or liability limits only to discover later that it was a big mistake. The ultimate goal is to get the best coverage possible at the best price, but do not sacrifice coverage to save money.

Some insurance companies do not offer the ability to get quotes online and most of the time these smaller providers work with local independent agencies. Low-cost Ford Ranger insurance in Lincoln is available on the web and also from your neighborhood Lincoln agents, and you need to price shop both to have the best chance of lowering rates.

More information can be read on the following sites:

• Auto Insurance FAQ (Farmers Insurance)
• Who Has Cheap Auto Insurance for a Honda Accord in Lincoln? (FAQ)
• Who Has Cheap Auto Insurance Rates for Homeowners in Lincoln? (FAQ)
• How Much is Auto Insurance for Government Employees in Lincoln? (FAQ)
• Rental Reimbursement Coverage (Allstate)
• Can I Drive Legally without Insurance? (Insurance Information Institute)
• Collision Insurance Coverage (Nationwide)
• How do I File a Claim? (Insurance Information Institute)