Would you prefer to buy low-cost auto insurance rates in Fort Wayne, IN? Fort Wayne drivers have many options when trying to find the lowest priced Ford F-150 insurance. They can either spend hours contacting agents getting price quotes or utilize the internet to get rate quotes. There is a better way to shop for auto insurance and you need to know the quickest way to get price quotes for a Ford and obtain the lowest price from Fort Wayne insurance agents and online providers.
Sadly, about 70% of customers have stayed with the same insurance company for at least the last four years, and approximately 40% of consumers have never even shopped around for cheaper coverage. The average driver in Fort Wayne could pocket as much as 55% a year just by shopping around, but they underestimate the actual amount they would save if they changed companies.
Buying the cheapest auto insurance in Fort Wayne is actually very simple if you learn how to start. If you have insurance now, you will surely be able to reduce premiums using the concepts you’re about to learn. Shoppers only have to learn the quickest way to compare prices online from multiple companies.
How to shop Ford F-150 insurance online
Cutting your Fort Wayne insurance rates is a fairly straight forward process. You just have to take a few minutes to get quotes provided by online insurance companies.
The companies shown below have been selected to offer quotes in Fort Wayne, IN. If multiple companies are listed, it’s highly recommended you visit as many as you can to get the lowest price.
Insurance statistics for a Ford F-150
The price information displayed below outlines a range of insurance premium costs for Ford F-150 models. Having knowledge of how policy premiums are figured can help drivers make decisions on which coverage to buy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|F-150 XL Regular Cab 2WD||$116||$148||$280||$16||$84||$644||$54|
|F-150 STX Regular Cab 2WD||$116||$188||$280||$16||$84||$684||$57|
|F-150 XL Super Cab 2WD||$116||$188||$280||$16||$84||$684||$57|
|F-150 XLT Regular Cab 2WD||$116||$188||$280||$16||$84||$684||$57|
|F-150 STX Super Cab 2WD||$116||$188||$280||$16||$84||$684||$57|
|F-150 XL Crew Cab 2WD||$134||$188||$280||$16||$84||$702||$59|
|F-150 XLT Super Cab 2WD||$134||$188||$280||$16||$84||$702||$59|
|F-150 STX Regular Cab 4WD||$134||$188||$280||$16||$84||$702||$59|
|F-150 XL Regular Cab 4WD||$134||$188||$280||$16||$84||$702||$59|
|F-150 FX2 Super Cab 2WD||$134||$188||$280||$16||$84||$702||$59|
|F-150 XLT Crew Cab 2WD||$134||$188||$280||$16||$84||$702||$59|
|F-150 XL Super Cab 4WD||$134||$188||$280||$16||$84||$702||$59|
|F-150 XLT Regular Cab 4WD||$134||$188||$280||$16||$84||$702||$59|
|F-150 XL Crew Cab 4WD||$152||$188||$280||$16||$84||$720||$60|
|F-150 STX Super Cab 4WD||$152||$188||$280||$16||$84||$720||$60|
|F-150 XLT Super Cab 4WD||$152||$188||$280||$16||$84||$720||$60|
|F-150 FX2 2WD||$152||$230||$280||$16||$84||$762||$64|
|F-150 Lariat Super Cab 2WD||$152||$230||$280||$16||$84||$762||$64|
|F-150 Lariat Crew Cab 2WD||$152||$230||$280||$16||$84||$762||$64|
|F-150 FX4 Super Cab 4WD||$152||$230||$280||$16||$84||$762||$64|
|F-150 XLT Crew Cab 4WD||$152||$230||$280||$16||$84||$762||$64|
|F-150 FX4 4WD||$152||$230||$280||$16||$84||$762||$64|
|F-150 Lariat Crew Cab 4WD||$152||$230||$280||$16||$84||$762||$64|
|F-150 SVT Raptor Super Cab 4WD||$152||$230||$280||$16||$84||$762||$64|
|F-150 Lariat Super Cab 4WD||$152||$230||$280||$16||$84||$762||$64|
|F-150 Lariat Crew Cab Platinum 2WD||$152||$270||$280||$16||$84||$802||$67|
|F-150 Lariat Crew Cab Harley 2WD||$152||$270||$280||$16||$84||$802||$67|
|F-150 Lariat King Ranch 2WD||$152||$270||$280||$16||$84||$802||$67|
|F-150 Lariat King Ranch 4WD||$168||$270||$280||$16||$84||$818||$68|
|F-150 Lariat Crew Cab Harley 4WD||$168||$270||$280||$16||$84||$818||$68|
|F-150 Lariat Crew Cab Platinum 4WD||$168||$270||$280||$16||$84||$818||$68|
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Premium costs do not factor in the specific area where the vehicle is garaged which can lower or raise rates greatly.
The chart below shows how different deductible levels and can affect Ford F-150 insurance costs for each different age group. The rates are based on a single female driver, comp and collision included, and no discounts are factored in.
Ford F-150 liability rates compared to full coverage
The example below visualizes the comparison of Ford F-150 premium costs with and without full coverage. The costs are based on no driving violations, no at-fault accidents, $1,000 deductibles, single status, and no other discounts are factored in.
When to drop comprehensive and collision coverage
There is no exact rule that works best for making the decision to drop physical damage insurance, but there is a guideline you can use. If the annual cost of having full coverage is more than about 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your Ford F-150 settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $8,000 after the deductible is paid. If you are paying in excess of $800 a year for full coverage, then it could be time to drop full coverage.
There are some situations where buying only liability insurance is not a good plan. If you haven’t satisfied your loan, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should keep full coverage.
Ford F-150 insurance discounts in Fort Wayne
Companies offering auto insurance don’t necessarily list the entire discount list in an easy-to-find place, so we researched a few of the more common as well as some of the hidden discounts that you can inquire about if you buy Fort Wayne auto insurance online.
- Claim Free – Insureds with no claims or accidents pay less in comparison with accident-prone drivers.
- Senior Citizen Rates – Drivers over the age of 55 may be able to get reduced rates.
- Discounts for Government Workers – Active or retired federal employment can save as much as 8% but check with your company.
- Seat Belt Discounts – Drivers who require all occupants to buckle up before driving could cut 10% or more off the PIP or medical payment premium.
- Responsible Drivers – Safe drivers can save as much as half off their rates compared to rates paid by drivers with frequent claims.
- Low Mileage Discounts – Low mileage vehicles may allow you to get better rates on cars that stay parked.
- Own a Home and Save – Owning your own home or condo can get you a discount since home ownership means you have a higher level of financial diligence.
- Braking Control Discount – Cars, trucks, and SUVs equipped with ABS or steering control can avoid accidents and the ABS can save up to 10%.
As a disclaimer on discounts, many deductions do not apply to the whole policy. Most cut the cost of specific coverages such as liability, collision or medical payments. So when the math indicates adding up those discounts means a free policy, company stockholders wouldn’t be very happy.
The illustration below compares Ford F-150 premium costs with and without discounts applied to the premium. The data is based on a female driver, a clean driving record, no at-fault accidents, Indiana state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, safe-driver, claim-free, multi-policy, and multi-car discounts applied.
Popular car insurance companies and their offered discounts can be read below.
- State Farm has discounts for student away at school, safe vehicle, anti-theft, good driver, accident-free, and good student.
- Esurance discounts include good student, paid-in-full, multi-policy, multi-car, online shopper, renters, and online quote.
- Progressive includes discounts for homeowner, online quote discount, continuous coverage, online signing, and good student.
- Liberty Mutual offers discounts for new vehicle discount, teen driver discount, exclusive group savings, multi-policy, and new graduate.
- Auto-Owners Insurance offers discounts including safe vehicle, teen driver, anti-theft, anti-lock brakes, company car, multi-policy, and mature driver.
- GEICO may offer discounts for multi-vehicle, air bags, membership and employees, five-year accident-free, seat belt use, and daytime running lights.
If you need lower rates, check with each insurance company which discounts they offer. Discounts may not apply to policyholders in Fort Wayne. If you would like to view car insurance companies with the best discounts in Fort Wayne, click here.
Buying the right F-150 insurance in Indiana is an important decision
Despite the high insurance cost for a Ford F-150 in Fort Wayne, insuring your vehicle may be required and benefits you in several ways.
First, just about all states have mandatory liability insurance requirements which means you are required to buy specific limits of liability coverage in order to get the vehicle licensed. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you took out a loan on your car, almost every bank will make it mandatory that you have comprehensive coverage to guarantee their interest in the vehicle. If coverage lapses or is canceled, the bank will be required to insure your Ford at a significantly higher premium and force you to reimburse them for the expensive policy.
Third, car insurance preserves not only your vehicle but also your financial assets. Insurance will also pay for medical expenses that are the result of an accident. Liability coverage will also pay attorney fees if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, your car insurance policy will cover the repair costs.
The benefits of having car insurance outweigh the cost, especially if you ever need it. In a recent study of 1,000 drivers, the average customer is currently overpaying as much as $850 per year so compare rates once a year at a minimum to be sure current rates are still competitive.
Independent or exclusive auto insurance agents
Many people would prefer to visit with an insurance agent and doing that can be a smart decision Licensed agents can help you choose the best coverages and will help you if you have claims. The biggest benefit of comparing insurance prices online is the fact that you can find cheap rate quotes but still work with a licensed agent.
For easy comparison, once you complete this form (opens in new window), your coverage information is instantly submitted to local insurance agents in Fort Wayne who can give free rate quotes and help you find cheaper coverage. It makes it easy because there is no need to leave your computer because prices are sent straight to your inbox. If you want to compare prices from a specific insurance company, just navigate to their website and give them your coverage information.
Finding the right insurance company shouldn’t rely on just a cheap quote. Here are some questions you might want to ask.
- Will they make sure you get an adequate claim settlement?
- Are they paid to recommend certain coverages?
- Is insurance their full-time profession?
- Is the agent CPCU or CIC certified?
- Who are their largest clients?
- What will you get paid if your car is a total loss? How is that amount determined?
- What insurance company do they write the most business with?