Ford Transit car insurance can be expensive, but there are ways to lower rates. One such strategy is strengthening your overall insurance profile that carriers look at when providing quotes.
Reducing rates further by dropping physical damage coverages such as collision and comprehensive is another effective strategy, especially as your car ages and its value decreases.
Age
Ford Transit vans are among the least costly vans to insure, with liability car insurance costs hovering around $79 a month and full coverage costing around $143, making them more cost-effective than average van rates and far cheaper than most cars. Comprehensive coverage may cost slightly more per month with Ford Transits; up to $9 more each month when compared with the average vehicle.
Age and gender also impact how much you pay for insurance premiums. Men typically have higher rates than women; this gap narrows as men age. Clean driving records, excellent credit histories and safe vehicles will earn lower premiums.
Location plays an integral part in car insurance premiums. Since regulation varies depending on which state it's in, costs vary considerably between regions - however there are tools to help find the most economical Ford Transit insurance rates so that you can save money through comparison shopping.
Your vehicle type also impacts your rates. Regular Ford Transits with different engine sizes and maximum payload capacities fall between five to 16 insurance groups; but since Ford's Transit Connect van features car-derived chassis technology and lighter body construction, its rates often fall between three and 10 groups more easily than standard passenger vans.
If you have an excellent driving history and an eye for safety, a Ford Transit is an excellent vehicle choice for hauling cargo or transporting passengers. Commercial vehicle insurance provides additional coverage such as collision and comprehensive. But if your Ford Transit will only be used as commuter transportation and not far each day, a pay-per-mile insurance plan might make more sense; such plans let drivers set a mileage goal each year and only pay for coverage they require according to how far they travel each day.
Driver’s Record
Driver records play a significant role in determining car insurance rates. People with clean driving records tend to pay less for coverage compared with those who have traffic violations or accidents on their record. Furthermore, having an excellent credit score such as 800+ could save significant amounts when comparing Ford Transit Insurance quotes against someone with lower scores.
Your car's size and class will play a factor in its liability rates as well. A larger, heavier vehicle is more likely to cause damage in an accident and cost more to repair; however, larger cars also provide more space for passengers in case of an incident.
As part of your efforts to reduce insurance costs, consider taking a defensive driving course or qualifying for good student discounts. Furthermore, many insurers provide discounts for military service members or federal employees, professional organizations, safe driving habits and safe driving habits that could save up to $280 off annual car insurance costs.
As well as these factors, your location will have an effect on your car insurance rates. Some states mandate higher coverage levels while others do not allow insurers to use credit history as an indicator when setting rates. Your policy could become more expensive if you reside in an urban area.
Average full coverage costs for the 2013 Ford Transit ranges between $159 and 93 per month, while liability only coverage can cost as little as $26 monthly from Workmens.
If you want to further reduce your Ford Transit insurance costs, considering switching to a usage-based or pay-per-mile auto policy can help reduce costs. These plans monitor your mileage and reward safe drivers with lower premiums while high mileage drivers must pay more. For more information on this topic, we suggest consulting our guide of insurance providers that specialize in Ford Transit insurance or entering your ZIP code above to compare quotes from top car insurers in your area.
Type of Vehicle
If you own a Ford Transit Cargo, it's essential that you understand which factors affect its insurance rates. These can include its size and class as well as driving history and credit. Furthermore, choosing which coverage may have an effect. A larger vehicle is more likely to inflict damage upon other vehicles during collisions which leads to costly claims for your insurer and thus raise liability insurance premiums accordingly.
Assuming full coverage on a Ford Transit will run approximately $1,654 annually, including both collision and comprehensive (other-than-collision) coverage, you should plan to spend around this figure each year. To get the cheapest Ford Transit insurance policy possible, it would be wise to decrease both collision and comprehensive coverage levels accordingly.
One way of lowering rates is by accepting a higher voluntary excess. While this means paying more should you file a claim, this strategy may help bring down Ford Transit insurance premiums significantly.
As another way to reduce Ford Transit insurance costs, parking it in a garage or driveway rather than on the roadside can help decrease risk from passing traffic damaging it or having it stolen; these incidents could otherwise lead to expensive claims against your insurer. You could even save money by installing an alarm or engine immobiliser (if your vehicle doesn't already include these features).
No matter your driving history, vehicle type or location - there are steps you can take to secure affordable Ford Transit car insurance. By using online tools that compare insurance quotes from multiple providers, you can quickly identify coverage that meets all of your specific needs and save money along the way.
For the lowest Ford Transit car insurance quotes, start by gathering several different quotes. CaliforniaCasualty often has the lowest premiums; premiums start from as little as $18 monthly for liability only coverage on a Transit. Other affordable providers for Transit owners include Workmens, Ohio Mutual and MetroMile.
Safety Features
Ford Transit Connect drivers should regularly review their policy rates to make sure they're still getting the best rates on car insurance. Insurance carriers consider multiple factors when setting prices, with each carrier placing more weight on different variables than another - you may need to compare quotes from several providers to find your cheapest premiums.
Vehicle safety rating is one of the most crucial elements when it comes to insurance rates; the higher its score is, the more affordable your premiums may be. You can discover how a particular car performed in government crash tests by visiting NHTSA website and entering its information.
Size and class of vehicle also play a factor, with larger vehicles more likely to cause damage in an accident and thus being charged more in premiums. Driver history also plays an integral part when calculating insurance rates; those who have multiple accidents or violations will pay much higher premiums compared to drivers with an impeccable driving history.
Your Ford Transit insurance costs could be lower by taking advantage of policy discounts available from insurance providers. Discounts could include taking defensive driving courses, working certain occupations or belonging to professional organizations - this could save up to $280 annually on the policy premiums!
Drivers who can agree to a higher voluntary excess can reduce their premium, though this means they will pay out-of-pocket more should a claim arise; but it could still be worthwhile for some drivers.
For new or young drivers, it may be worthwhile to find a company offering discounts tailored specifically to them. Compare quotes online to determine which company provides the cheapest policy for your type of car by entering your ZIP code below - get free quotes instantly by doing this! Liability coverage costs about $79 monthly while full coverage runs around $143. These figures represent average costs; your specific rates may differ based on factors like driving history.