How Much Does 2016 Ford Transit Van Insurance Cost in 2024?

Buyers have many options when searching for the lowest priced Ford Transit Van insurance. They can either spend hours contacting agents to get rate comparisons or utilize the internet to make rate comparisons.

There are more efficient ways to compare auto insurance rates so we’re going to tell you the quickest way to get price quotes for a new or used Ford and obtain the lowest price from both online companies and local agents.

You need to do price comparisons quite often because auto insurance prices are usually higher with each renewal. Just because you had the best rates on Transit van insurance six months ago other companies may now be cheaper. Block out anything you think you know about auto insurance because you’re going to learn how to use the internet to save on auto insurance.

If you have a current auto insurance policy or are looking for a new policy, you can use this information to cut your premiums and still get good coverage. This article will teach you how to effectively get price quotes and some tricks to saving. Drivers only need an understanding of the most efficient way to compare prices on the web.

How do car insurance companies determine Ford Transit Van insurance costs?

The best way to find cheaper auto insurance is to take a look at some of the things that play a part in calculating your premiums. When you know what positively or negatively controls the rates you pay, this enables informed choices that may reward you with much lower annual insurance costs.

Shown below are a few of the “ingredients” that factor into your prices.

• Bad driving means higher rates – Careful drivers have lower premiums compared to bad drivers. Having just one moving violation may increase your cost by twenty percent. Drivers who have received flagrant violations like reckless driving or DUI may face state-mandated requirements to file a SR-22 with their state’s department of motor vehicles in order to prevent their license from being revoked.
• Remove unneeded extra policy coverages – There are quite a few additional coverages you can purchase on your Transit Van policy. Insurance for things like personal injury protection, accident forgiveness, and extra equipment coverage could be just wasting money. The coverages may be enticing when discussing your needs, but if they’re wasting money eliminate them to save money.
• Increase coverage deductibles to save – Comp and collision deductibles tell how much you are willing to pay if a claim is determined to be covered. Physical damage insurance, also called ‘full coverage’, protects your car from damage. Some instances where coverage would apply are colliding with a stationary object, animal collisions, or theft of your vehicle. The more money you choose to pay out-of-pocket, the less your company will charge you for insurance on Transit van insurance.
• Where you reside can affect premiums – Residing in small towns and rural areas may provide you with better prices if you are looking for the lowest rates. Fewer people corresponds to lower accident rates and also fewer theft and vandalism claims. Drivers who live in large cities regularly have traffic congestion and much longer commute distances. Longer commute distances means a statistically higher chance of an accident.
• Rates can drop if you have more than one policy – Most insurance companies will give better rates to insureds who have multiple policies with them in the form of a multi-policy discount. This can amount to ten or even up to twenty percent in some cases. Even though this discount sounds good, drivers will still want to check prices from other companies to help guarantee you have the best rates. Drivers may still find a better deal by buying from different companies.
• Amount of liability insurance – A critical coverage on your policy, liability insurance will protect you if you are found to be at fault for damages caused by your negligence. It provides you with a defense in court starting from day one. Liability insurance is pretty cheap when compared with rates for comp and collision, so do not cut corners here.

How to get insurance quotes

There are a lot of ways to compare insurance quotes, but one way is less time-consuming than others. You could spend the better part of a day talking to insurance companies in your area, or you could use online quoting to achieve your goal.

Many insurance companies belong to a marketplace where insurance shoppers submit one quote, and each participating company returns a competitive quote. This saves time by eliminating quotation requests to every company.

To find out what other companies charge enter your zip code here.

The one disadvantage to comparing rates this way is you don’t know exactly the providers to get pricing from. If you wish to select from a list of companies to compare, we have a listing of companies who write insurance in your area. Click to enter zip code.

The method you choose is up to you, but do your best to use exactly the same quote information for every company. If you are comparing different limits and deductibles on each one it will be next to impossible to determine the best price for your Ford Transit Van.

Verify you’re applying every discount

Auto insurance is easily one of your largest bills, but you might already qualify for some discounts that you may not know about. Many of these discounts will be applied automatically when you quote, but a few must be specially asked for prior to getting the savings.

• Multi-policy Discount – If you can combine your auto and homeowners policy and insure them both with the same insurance company they may give you a discount of at least 10 to 15 percent or more.
• Good Students Pay Less – Excelling in school may save you up to 25%. Most companies allow this discount well after school through age 25.
• Accident Free – Drivers who stay claim-free pay less as compared to policyholders that have many claims.
• Discounts for Multiple Vehicles – Buying a policy with multiple cars or trucks with the same company can get a discount on all vehicles.
• Save with a New Car – Buying auto insurance coverage on a new vehicle can save up to 30% due to better safety requirements for newer models.
• Driver Training Discounts – Taking a defensive driving class could earn you a small percentage discount and also improve your driving technique.

Discounts reduce rates, but you should keep in mind that most credits do not apply to the entire policy premium. Some only apply to individual premiums such as liability, collision or medical payments. So when the math indicates all those discounts means the company will pay you, that’s just not realistic.

Popular auto insurance companies and some of their more popular discounts are outlined below.

• State Farm has discounts for multiple policy, student away at school, good driver, multiple autos, safe vehicle, passive restraint, and anti-theft.
• American Family policyholders can earn discounts including TimeAway discount, bundled insurance, air bags, Steer into Savings, and multi-vehicle.
• AAA may have discounts that include AAA membership discount, anti-theft, good driver, multi-car, education and occupation, multi-policy, and pay-in-full.
• GEICO may offer discounts for multi-vehicle, seat belt use, military active duty, five-year accident-free, and anti-lock brakes.
• Mercury Insurance has savings for ease of repair, anti-theft, professional/association, good driver, and multi-car.
• Farmers Insurance discounts include multi-car, distant student, bundle discounts, switch companies, and pay in full.
• Progressive offers discounts including good student, multi-vehicle, continuous coverage, online quote discount, homeowner, and multi-policy.

If you are trying to find low cost insurance quotes, ask every company which discounts they offer. Savings may not apply in your area. To find companies who offer auto insurance discounts, enter your zip code here.

When should I discuss my situation with an agent?

When choosing coverage for your personal vehicles, there is no best way to insure your cars. Every insured’s situation is different.

For example, these questions might point out if your insurance needs would benefit from professional advice.

• Am I better off with higher deductibles on my 2016 Ford Transit Van?
• Can I afford low physical damage deductibles?
• Is my custom paint covered by insurance?
• What if I don’t agree with a claim settlement offer?
• When can my company non-renew my policy?
• Who is covered when they drive my 2016 Ford Transit Van?
• What happens if I owe more than my 2016 Ford Transit Van is worth?
• When would I need additional glass coverage?
• When should I drop full coverage on my 2016 Ford Transit Van?

If you’re not sure about those questions, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, complete your zip code. It’s fast, free and can help protect your family.

Auto insurance 101

Having a good grasp of car insurance aids in choosing the right coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and reading a policy is terribly boring.

Medical expense coverage

Med pay and PIP coverage pay for bills like EMT expenses, hospital visits and dental work. They are used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP is not available in all states and may carry a deductible

Uninsured or underinsured coverage

This protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and also any damage incurred to your Ford Transit Van.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Most of the time these coverages are set the same as your liability limits.

Comprehensive protection

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things like falling objects, damage from flooding and damage from getting keyed. The most a car insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Coverage for collisions

This pays to fix your vehicle from damage resulting from a collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like damaging your car on a curb, crashing into a ditch, sideswiping another vehicle and backing into a parked car. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. You can also choose a higher deductible in order to get cheaper collision rates.

Auto liability insurance

Liability coverage will cover damage that occurs to other’s property or people that is your fault. This coverage protects you against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Another option is one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.

Liability can pay for things like structural damage, legal defense fees and repair costs for stationary objects. How much liability coverage do you need? That is a decision to put some thought into, but buy as high a limit as you can afford.

You can do this!

We just presented some good ideas how to get a better price on 2016 Ford Transit Van insurance. The key thing to remember is the more times you quote, the better your comparison will be. You may be surprised to find that the lowest rates come from a lesser-known regional company.

As you prepare to switch companies, make sure you don’t sacrifice coverage to reduce premiums. Too many times, an insured dropped comprehensive coverage or liability limits only to regret that the savings was not a smart move. The proper strategy is to find the BEST coverage at the best cost, not the least amount of coverage.

Some auto insurance companies don’t offer the ability to get quotes online and usually these regional carriers prefer to sell through local independent agencies. Low-cost 2016 Ford Transit Van insurance can be sourced online and from local agencies, and you need to comparison shop both in order to have the best price selection to choose from.