Save Money on Ford Ranger Insurance in Miami

Have you fallen victim to an overpriced auto insurance policy? Don’t sweat it because many Miami drivers have buyer’s remorse.

Shockingly, a large majority of drivers have bought auto insurance from the same company for at least four years, and nearly 40% of drivers have never compared rates with other companies. Consumers in Florida can cut their rates by as much as 55% a year by just comparing rate quotes, but they just don’t understand how easy it is to compare rate quotes. Insurance companies such as GEICO, 21st Century and Progressive all claim big savings, bombarding you with catchy ads and it is difficult to separate fact from fiction and effectively compare rates to find the best deal.

It’s a good idea to compare rates every six months because prices are constantly changing. If you had the lowest rates on Ford Ranger insurance in Miami a couple years back there may be better deals available now. Forget anything you know (or think you know) about auto insurance because you’re about to learn the fastest and easiest way to find great coverage at a great price.

If you have insurance now or want to find a cheaper company, use these tips to find better prices without reducing coverage. Locating the most cost-effective auto insurance policy in Miami is much easier if you know where to start. Drivers just have to understand the quickest way to compare company rates online from multiple companies.

The majority of larger companies like GEICO, State Farm and Progressive give insurance quotes direct online. The process is fairly simple because you just enter the amount of coverage you want as requested by the quote form. After the form is submitted, their system pulls credit information and your driving record and returns pricing information based on these and other factors. The ability to get online quotes for Ford Ranger insurance in Miami makes it easy to compare insurance prices and it’s very important to have as many quotes as possible in order to find the most affordable premium.

To compare rates now, compare rate quotes from the providers shown below. If you have coverage now, it’s recommended that you enter deductibles and limits identical to your current policy. This way, you will have rate comparison quotes for the exact same coverage.

The companies in the list below have been selected to offer price comparisons in Miami, FL. If your goal is to find the best cheap car insurance in FL, it’s a good idea that you get rates from several of them to get the most competitive price.

Take policy discounts and save on Ford Ranger insurance in Miami

Some insurers don’t always advertise every discount available in an easy-to-find place, so the below list has some of the more common and the more hidden discounts that you may qualify for.

• Discounts for Multiple Vehicles – Purchasing coverage when you have several vehicles with the same auto insurance company qualifies for this discount.
• Life Insurance – Auto insurance companies who offer life insurance give a break if you buy some life insurance in addition to your auto policy.
• Driver’s Education for Students – Reduce the cost of insurance for teen drivers by having them participate in a local driver’s education class as it can save substantially.
• E-sign – Many companies will discount your bill up to fifty bucks for signing up on the internet.
• Driver Safety – Passing a class that teaches defensive driver techniques could cut 5% off your bill depending on where you live.
• Government Employees – Federal government employees could cut as much as 10% off depending on your company.
• Payment Discounts – By paying your entire bill at once as opposed to paying monthly you may have a lower total premium amount.
• Policy Bundle Discount – When you combine your homeowners and auto insurance and insure them both with the same insurance company you may save up to 20% off your total Ranger insurance premium.

You can save money using discounts, but most discounts do not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like medical payments or collision. If you do the math and it seems like you could get a free auto insurance policy, you’re out of luck.

The information below illustrates the comparison of Ford Ranger insurance costs with and without policy discounts. The prices are based on a female driver, no violations or claims, Florida state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, claim-free, multi-car, multi-policy, and marriage discounts applied.

Companies and the discounts they provide are included below.

• State Farm includes discounts for safe vehicle, anti-theft, driver’s education, student away at school, Drive Safe & Save, and defensive driving training.
• Farmers Insurance may have discounts that include teen driver, distant student, good student, alternative fuel, and bundle discounts.
• Progressive offers discounts including multi-policy, online signing, homeowner, online quote discount, and good student.
• GEICO has discounts for anti-lock brakes, federal employee, membership and employees, multi-policy, daytime running lights, air bags, and seat belt use.
• Auto-Owners Insurance discounts include anti-theft, paid in full, teen driver, student away at school, and company car.
• The Hartford offers premium reductions for anti-theft, bundle, driver training, good student, defensive driver, vehicle fuel type, and air bag.
• Farm Bureau has savings for driver training, renewal discount, multi-vehicle, 55 and retired, and good student.
• USAA policyholders can earn discounts including family discount, defensive driver, vehicle storage, multi-policy, and annual mileage.

If you need lower rates, check with every company what discounts are available to you. Some discounts might not be offered on policies in your state. For a list of auto insurance companies who offer cheap Ford Ranger insurance quotes in Miami, click here.

Insurance analysis for a Ford Ranger

The premium information displayed below outlines a range of insurance policy prices for Ford Ranger models. Having a good grasp of how insurance policy premiums are formulated can be useful when making smart choices when choosing a car insurance company.

Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Premium costs do not factor in Miami location which can alter price quotes significantly.

Where to set your deductibles

One of the more difficult decisions when buying insurance is which comprehensive and collision deductibles to buy. The following insurance rates lay out the differences in premium rates when you buy lower versus higher physical damage deductibles. The first pricing table uses a $250 physical damage deductible and the second rate table uses a $500 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Price estimates do not factor in Miami location which can change auto insurance rates greatly.

Based on this data, using a $250 deductible will cost you roughly $14 more each month or $168 every year than buying the higher $500 deductible. Since you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you usually have at least 18 months between claims, you would save more money if you elect the higher deductible. Here is the way you can come to your own conclusion.

One thing to note is that higher deductibles means you will have to pay more of your own money when you have a physical damage claim. It will be required that you have enough disposable savings in the event you have to pay the deductible to have repairs made.

The chart below illustrates how your deductible choice and can affect Ford Ranger insurance costs for different categories of driver ages. Data assumes a married female driver, full coverage, and no additional discounts are factored in.

Why Your Insurance Prices might be higher

Multiple criteria are taken into consideration when premium rates are determined. Some factors are common sense like a motor vehicle report, but other criteria are less obvious like where you live or how safe your car is. An important part of buying insurance is that you know a few of the rating criteria that help determine the level of your policy premiums. If you know what controls the rates you pay, this enables informed choices that may result in big savings.

• Vehicles with better crash test results cost less to insure – Vehicles that have high safety ratings are cheaper to insure. Safe vehicles result in less severe injuries and better occupant protection translates directly to fewer claims which can result in lower premiums.

• Get a ticket, pay higher prices – Your driving citation history can have a huge impact on auto insurance premiums. Good drivers pay lower auto insurance prices than people who have multiple driving citations. Only having one ticket may cause rates to rise twenty percent or more. Drivers who have multiple tickets such as hit and run, DWI or reckless driving convictions may face state-mandated requirements to complete a SR-22 with their state’s licensing department in order to drive a vehicle legally.

  The chart below shows how traffic citations and accidents impact Ford Ranger insurance prices for each age group. The costs are based on a single female driver, full coverage, $1,000 deductibles, and no policy discounts are applied.

• Deter theft and pay less – Choosing to buy a car with an alarm system can help lower your premiums. Theft deterrent systems such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder auto theft and help lower rates.
• High credit rating translates to low rates – Your credit score can be an important factor in calculating your auto insurance rates. Drivers with high credit ratings tend to be better risks to insure than drivers who have poor credit scores. If your credit history is not that good, you could pay less to insure your Ford Ranger by taking the time to improve your credit score.

• Is insurance cheaper for men or women? – Statistics demonstrate that women are safer drivers than men. That doesn’t necessarily mean that males are worse at driving than females. Both sexes get in auto accidents in similar percentages, but males cause more damage and cost insurance companies more money. Not only are claims higher, but men get ticketed for serious violations such as driving while intoxicated (DWI) or driving recklessly.

  The chart below compares Ford Ranger auto insurance rates for male and female drivers. The costs are based on no claims or driving citations, comp and collision included, $250 deductibles, drivers are not married, and no discounts are applied to the premium.

• Drive less and pay lower prices – The more miles you rack up on your Ford in a year’s time the more you will pay for auto insurance. Most insurance companies calculate rates based on their usage. Autos that sit idle most of the time receive lower rates compared to those used for work or business. Having the wrong rating on your Ranger may be wasting your money. Make sure your policy reflects the correct driver usage, because improper ratings can cost you money.