Finding low-cost insurance for a new or used Ford F-150 in New Jersey can normally be an all-consuming task, but you can learn our car insurance buying tips to make it easier. There are more efficient ways to shop for car insurance and we’ll show you the quickest way to compare rates for your Ford and locate the lowest price from both online companies and Jersey City agents.
It’s a known fact that car insurance companies don’t want policyholders to compare prices from other companies. Drivers who get comparison quotes at least once a year are highly likely to buy a new policy because of the high probability of finding a lower rate. A survey found that consumers who make a habit of shopping around saved over $3,400 over four years as compared to drivers who never compared other company’s rates.
If finding budget-friendly insurance in Jersey City is your ultimate goal, then having a good understanding how to get rate quotes and compare insurance rates can help simplify the task of finding more affordable coverage.
It is always a good idea to compare rates on a regular basis because car insurance prices are variable and change quite frequently. Even if you think you had the lowest rates on Ford F-150 insurance in Jersey City on your last policy you will most likely find a better rate quote today. You’ll find a ton of advice on F-150 insurance out there, but you can learn some tested techniques to reduce your car insurance bill.
Choosing the most cost-effective car insurance policy in Jersey City is really quite easy. If you have coverage now or just want cheaper rates, use these cost-cutting techniques to reduce the price you pay without sacrificing coverage. Drivers just need to understand the tricks to compare prices from many companies at once.
Ford F-150 coverage analysis
The rate table shown below highlights estimates of insurance premium costs for Ford F-150 models. Being able to understand how auto insurance policy rates are established can be valuable when making smart choices when comparing insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|F-150 XL Regular Cab 2WD||$310||$456||$624||$36||$188||$1,614||$135|
|F-150 STX Regular Cab 2WD||$310||$582||$624||$36||$188||$1,740||$145|
|F-150 XL Super Cab 2WD||$310||$582||$624||$36||$188||$1,740||$145|
|F-150 XLT Regular Cab 2WD||$310||$582||$624||$36||$188||$1,740||$145|
|F-150 STX Super Cab 2WD||$310||$582||$624||$36||$188||$1,740||$145|
|F-150 XL Crew Cab 2WD||$356||$582||$624||$36||$188||$1,786||$149|
|F-150 XLT Super Cab 2WD||$356||$582||$624||$36||$188||$1,786||$149|
|F-150 STX Regular Cab 4WD||$356||$582||$624||$36||$188||$1,786||$149|
|F-150 XL Regular Cab 4WD||$356||$582||$624||$36||$188||$1,786||$149|
|F-150 FX2 Super Cab 2WD||$356||$582||$624||$36||$188||$1,786||$149|
|F-150 XLT Crew Cab 2WD||$356||$582||$624||$36||$188||$1,786||$149|
|F-150 XL Super Cab 4WD||$356||$582||$624||$36||$188||$1,786||$149|
|F-150 XLT Regular Cab 4WD||$356||$582||$624||$36||$188||$1,786||$149|
|F-150 XL Crew Cab 4WD||$402||$582||$624||$36||$188||$1,832||$153|
|F-150 STX Super Cab 4WD||$402||$582||$624||$36||$188||$1,832||$153|
|F-150 XLT Super Cab 4WD||$402||$582||$624||$36||$188||$1,832||$153|
|F-150 FX2 2WD||$402||$708||$624||$36||$188||$1,958||$163|
|F-150 Lariat Super Cab 2WD||$402||$708||$624||$36||$188||$1,958||$163|
|F-150 Lariat Crew Cab 2WD||$402||$708||$624||$36||$188||$1,958||$163|
|F-150 FX4 Super Cab 4WD||$402||$708||$624||$36||$188||$1,958||$163|
|F-150 XLT Crew Cab 4WD||$402||$708||$624||$36||$188||$1,958||$163|
|F-150 FX4 4WD||$402||$708||$624||$36||$188||$1,958||$163|
|F-150 Lariat Crew Cab 4WD||$402||$708||$624||$36||$188||$1,958||$163|
|F-150 SVT Raptor Super Cab 4WD||$402||$708||$624||$36||$188||$1,958||$163|
|F-150 Lariat Super Cab 4WD||$402||$708||$624||$36||$188||$1,958||$163|
|F-150 Lariat Crew Cab Platinum 2WD||$402||$834||$624||$36||$188||$2,084||$174|
|F-150 Lariat Crew Cab Harley 2WD||$402||$834||$624||$36||$188||$2,084||$174|
|F-150 Lariat King Ranch 2WD||$402||$834||$624||$36||$188||$2,084||$174|
|F-150 Lariat King Ranch 4WD||$448||$834||$624||$36||$188||$2,130||$178|
|F-150 Lariat Crew Cab Harley 4WD||$448||$834||$624||$36||$188||$2,130||$178|
|F-150 Lariat Crew Cab Platinum 4WD||$448||$834||$624||$36||$188||$2,130||$178|
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Prices based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Estimates do not factor in zip code location which can affect insurance rates greatly.
The information below shows how choosing a deductible and can influence Ford F-150 annual premium costs for each different age category. The rates are based on a single female driver, full coverage, and no other discounts are factored in.
Careless driving habits raise Jersey City car insurance rates
The chart below shows how traffic citations and accidents can raise Ford F-150 insurance costs for different age groups of insureds. The data assumes a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.
Gender-based car insurance rates
The example below shows the comparison of Ford F-150 car insurance costs for male and female drivers. Data assumes no claims or driving violations, comprehensive and collision coverage, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.
Ford F-150 liability-only versus full coverage
The chart below shows the comparison of Ford F-150 car insurance costs with full physical damage coverage compared to only buying liability only. The price estimates are based on no violations or claims, $250 deductibles, drivers are not married, and no policy discounts are applied.
When to stop paying for full coverage
There is no set guideline that is best for determining when to drop comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the settlement you would receive from your company, then you might consider buying liability only.
For example, let’s say your Ford F-150 claim settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $3,000 after paying your policy deductible. If you are paying more than $300 a year for physical damage coverage, then it might be time to buy liability only.
There are a few situations where eliminating full coverage is not advised. If you still have a lienholder on your title, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle in case of an accident, you should keep full coverage in place.
Learn How to Lower Your Insurance Costs
Multiple criteria are part of the equation when you get your auto insurance bill. Some are pretty understandable such as traffic violations, but other criteria are less apparent like your continuous coverage or your commute time. Part of the car insurance buying process is learning some of the factors that help determine the price you pay for car insurance. If you have a feel for what controls the rates you pay, this enables you to make decisions that may result in lower rates.
Pay less after the wedding – Getting married actually saves money compared to being single. Marriage usually means you are more responsible and insurance companies like that married couples file fewer claims.
Save money with good credit – Having a good credit rating factor in your rate calculation. People with very good credit scores tend to be less risk to insure than drivers who have worse credit. Therefore, if your credit is lower than you’d like, you could pay less to insure your Ford F-150 by spending a little time repairing your credit.
Your liability coverage limits – Your policy’s liability coverage will protect you when you are responsible for physical damage or personal injury to other. Liability insurance provides legal defense coverage up to the limits shown on your policy. This coverage is relatively inexpensive compared to physical damage coverage, so drivers should buy more than the minimum limits required by law.
Insure your auto and home with one company – Most larger companies will award a discount to customers who have multiple policies with them. It’s known as a multi-policy discount. Discounts can add up to ten percent or more. Even if you’re getting this discount it’s still a good idea to get quotes from other companies to ensure the best deal. You may still find better rates by splitting coverages up.
Your address can impact price – Having an address in less populated areas of the country is a positive aspect when buying car insurance. People who live in big cities have to deal with more auto accidents and much longer commute distances. Less people corresponds to lower accident rates and also fewer theft and vandalism claims.
What are your comp and collision deductibles? – Deductibles for physical damage tell how much you are required to spend before a claim is paid by your company. Insurance for physical damage to your car, also called ‘full coverage’, insures against damage to your car. Some coverage claims are rear-ending another vehicle, vandalism, or theft of your vehicle. The more damage repair cost you’re willing to pay, the bigger discount you will receive.
Your employer and car insurance rates – Did you know your car insurance rates can be affected by your occupation? Occupations like judges, architects, and stock brokers are shown to have the highest rates due to high stress levels and extremely grueling work hours. Conversely, occupations such as professors, athletes and retirees have the lowest average rates.
Ford F-150 historical loss data – Insurance companies use claims history to calculate a rate that offsets possible losses. Models that have increased losses will have a higher cost to insure. The data below shows the historical loss data for Ford F-150 vehicles.
For each coverage type, the claim amount for all vehicles averaged together is a value of 100. Values below 100 suggest losses that are better than average, while percentage numbers above 100 show a trend for more claims or an increased chance of larger losses than average.
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Ford F-150 SuperCab 4WD||67||110||39|
|Ford F-150 SuperCrew 2WD||42||93||72|
|Ford F-150 SuperCrew 4WD||75||76||101||56||57||76|
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Keep this in mind when shopping around
Throughout this article, we presented many ways to reduce Ford F-150 insurance rates online in Jersey City. It’s most important to understand that the more quotes you get, the higher your chance of finding affordable Ford F-150 insurance quotes. Consumers could even find that the best price on insurance is with some of the smallest insurance companies. Some small companies may cover specific market segments cheaper than the large multi-state companies such as State Farm and Allstate.
Cheaper insurance in Jersey City can be bought on the web and with local Jersey City insurance agents, so you need to shop Jersey City auto insurance with both to get a complete price analysis. There are still a few companies who do not provide rate quotes online and usually these smaller providers sell through independent agents.
Steps to quoting cheaper Ford F-150 insurance in Jersey City
If you want to save money, the best way to get low-cost auto insurance rates in Jersey City is to compare prices once a year from providers that insure vehicles in New Jersey. Prices can be compared by following these guidelines.
- Spend a few minutes and learn about the coverage provided by your policy and the things you can change to prevent expensive coverage. Many factors that result in higher prices such as traffic citations and an imperfect credit rating can be remedied by paying attention to minor details.
- Request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can provide rates from one company like Progressive and State Farm, while independent agencies can provide price quotes for a wide range of insurance providers.
- Compare the new rate quotes to the price on your current policy to see if you can save by switching companies. If you find better rates and change companies, make sure coverage is continuous and does not lapse.
An important note is to use the same deductibles and limits on each quote request and and to get price estimates from every insurance company. Doing this enables a level playing field and many rates to choose from.
For more information, take a look at these articles:
- Collision Insurance Coverage (Nationwide)
- What Insurance is Cheapest for Good Students in Jersey City? (FAQ)
- Who Has Cheap Jersey City Auto Insurance for Unemployed Drivers? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Young Drivers in Jersey City? (FAQ)
- If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
- Side Impact Crash Tests (iihs.org)
- When is the Right Time to Switch Car Insurance Companies? (Allstate)
- Get the Right Protection (InsureUonline.org)