2020 Ford Transit Van Car Insurance Quotes in 2024

Looking for better insurance rates for your Ford Transit Van? Being forced to pay for overpriced insurance premiums can sap your savings and maybe even restrict other spending. There is such a variety of car insurance companies to buy insurance from, and even though it’s nice to have a selection, so many choices can make it hard to find a good deal.

Finding the best rates is not that difficult. If you have insurance now or are looking for a new policy, you can use these tips to find the best rates and still get good coverage. Vehicle owners only need to know the proper way to shop for auto insurance online.

Ways to get insurance coverage rate quotes

Reducing your 2020 Ford Transit Van insurance rates isn’t really that difficult. The only thing you need to do is spend a few minutes comparing rates from some recommended companies. This can be accomplished using one of these methods.

1. The most efficient way to compare a lot of rates at once would be an industry-wide quote request form. This type of form keeps you from doing multiple quote forms for every company. One form submission compares rates from insurance coverage companies with the best prices.
2. A more difficult way to find better pricing is going to each company website to request a price quote. For instance, we’ll pretend you want to compare rates from State Farm, Liberty Mutual and Progressive. In order to compare rates, you need to spend time on each company’s site and enter your information, which can take a lot of time.
3. The hardest way to find cheaper rates is to waste gas driving to all the different insurance agencies. The ability to quote online eliminates the middleman unless you’re the type of person who wants the trained advice that only a licensed agent can provide. Although you can comparison shop your insurance online but buy the policy through an agent.

However you get your quotes, compare the same coverage information for each quote you get. If each company quotes higher or lower deductibles you will not be able to get a fair rate comparison.

Are you falling for claims of savings?

Consumers can’t get away from all the ads that promise big savings from the likes of 21st Century, Allstate and State Farm. All the companies say the same thing about saving some big amount just by switching your auto insurance policy to them.

How can each company make almost identical claims? It’s all in the numbers.

Different companies quote their cheapest rates for the type of customer that is profitable for them. For instance, a profitable customer may need to be between the ages of 30 and 50, has never had a policy lapse, and drives a car with an anti-theft system. Any new insured that matches those criteria will get the preferred car insurance rates and as a result will probably save money with a new company.

Potential customers who fall short of these criteria will see higher prices which usually ends up with the prospect going elsewhere. The trick is to say “customers that switch” not “everyone that quotes” save that kind of money. That’s why insurance companies can claim big savings. Because of this risk profiling, it’s extremely important to quote coverage with many companies. Because you cannot predict which insurance companies will fit you best based on your risk profile.

Why informed consumers pay less for Ford Transit Van insurance

Many factors are considered when premium rates are determined. Most are fairly basic such as your driving history, although some other factors are not quite as obvious such as your credit history and annual miles driven.

The following are just a few of the factors insurance coverage companies consider when setting rates.

• Too many claims and you’ll pay more – If you are the type of insured that files lots of claims you should expect increased rates or even have your policy non-renewed. Auto insurance companies generally give most affordable rates to policyholders who file claims infrequently. Insurance coverage is intended for the large, substantial claims.
• More annual miles equals more premium – The higher the miles on your Ford every year the more you’ll pay to insure your vehicle. A lot of insurance companies calculate rates based upon how the vehicle is primarily used. Cars that have low annual miles receive lower rates as compared to vehicles used primarily for driving to work. Improper usage on your Transit Van is throwing money out the window. It’s a good idea to make sure your policy is rated on the correct usage.
• Stress out and pay more – Occupations like fire fighters, airline pilots and financial analysts generally pay the highest average rates due to high stress levels and lots of time spent away from family. On the other hand, occupations such as scientists, engineers and retirees pay the least on Transit van coverage.
• Comp and collision deductibles are a factor – Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, is used to repair damage to your vehicle. Some instances where coverage would apply could be a broken windshield, vandalism, or theft. Deductibles for physical damage represent how much money you are willing to pay if you file a covered claim. The more of the claim you have to pay, the less your insurance coverage will be on Transit van coverage.

Get lower rates by receiving discounts

Some insurance providers don’t always advertise the entire discount list very clearly, so the list below details both well-publicized and the harder-to-find auto insurance savings.

• Claim Free – Insureds with no claims or accidents get the best auto insurance rates when compared to bad drivers.
• Active Service Discounts – Being on active deployment in the military could qualify you for better auto insurance rates.
• Discounts for Seat Belt Usage – Using a seat belt and requiring all passengers to buckle their seat belts could save 15% on the premium charged for medical payments and/or PIP.
• Club Memberships – Participating in a civic or occupational organization is a good way to get lower rates on your next auto insurance statement.
• Smart Student Discounts – Excelling in school could provide a savings of up to 20% or more. Earning this discount can benefit you until age 25.
• Student Driver Training – Require your teen driver to participate in a local driver’s education class if offered at their school.
• Distant Student Discount – Youth drivers who live away from home at college and do not take a car to college may be able to be covered for less.

As a sidenote, most discounts do not apply to the entire cost. Some only reduce the cost of specific coverages such as medical payments or collision. If you do the math and it seems like you can get free auto insurance, you won’t be that lucky.

A list of companies and the discounts they provide are included below.

• GEICO may offer discounts for air bags, membership and employees, emergency military deployment, multi-policy, defensive driver, and anti-lock brakes.
• MetLife offers discounts for good student, accident-free, good driver, claim-free, and multi-policy.
• Progressive has discounts for online quote discount, online signing, multi-policy, multi-vehicle, homeowner, and continuous coverage.
• Travelers may include discounts for IntelliDrive, multi-policy, good student, payment discounts, early quote, and home ownership.
• SAFECO includes discounts for bundle discounts, teen safety rewards, safe driver, accident prevention training, and drive less.
• AAA offers premium reductions for multi-policy, anti-theft, good driver, AAA membership discount, education and occupation, good student, and pay-in-full.

Before purchasing a policy, check with every insurance company how many discounts you can get. Some credits might not apply everywhere. For a list of auto insurance companies that offer the discounts shown above, enter your zip code here.

Your car insurance coverage should be tailored to you

When it comes to buying coverage for your personal vehicles, there really is not a best way to insure your cars. Each situation is unique so this has to be addressed. For example, these questions might point out whether or not you would benefit from an agent’s advice.

• Am I getting all the discounts available?
• Do I need Motor Club coverage?
• What is the rate difference between pleasure use and commuting?
• What is high-risk coverage and where do I buy it?
• Why am I required to buy liability insurance?
• What is no-fault insurance?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to an agent. To find an agent in your area, complete your zip code. It only takes a few minutes and you can get the answers you need.

Coverages available on your insurance policy

Understanding the coverages of your insurance policy can be of help when determining the right coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. These are typical coverage types available from insurance companies.

Coverage for medical expenses

Med pay and PIP coverage reimburse you for immediate expenses such as rehabilitation expenses, prosthetic devices, pain medications and funeral costs. The coverages can be used in conjunction with a health insurance plan or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Coverage for uninsured or underinsured drivers

This protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Ford Transit Van.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Comprehensive insurance

This covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like damage from flooding, a tree branch falling on your vehicle, rock chips in glass, falling objects and damage from a tornado or hurricane. The highest amount a insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Collision coverage

Collision coverage will pay to fix damage to your Transit Van from colliding 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 can pay for things such as crashing into a building, hitting a parking meter, driving through your garage door, rolling your car and sideswiping another vehicle. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. You can also choose a higher deductible to save money on collision insurance.

Liability

This can cover damage or injury you incur to other’s property or people by causing an accident. It protects you against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 25/50/25 which stand for $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage protects against claims like legal defense fees, medical services and court costs. How much liability should you purchase? That is up to you, but buy as large an amount as possible.

Shop around and save

You just learned some good ideas how to compare 2020 Ford Transit Van insurance premium rates online. It’s most important to understand that the more rate quotes you have, the higher your chance of finding inexpensive auto insurance. You may even find the biggest savings come from a lesser-known regional company. Smaller companies can often insure niche markets at a lower cost than the large multi-state companies such as Allstate, GEICO and Progressive.

Low-cost 2020 Ford Transit Van insurance can be purchased both online and also from your neighborhood agents, so you should compare both to get a complete price analysis. A few companies do not provide online quoting and most of the time these smaller providers sell through independent agencies.

While you’re price shopping online, it’s not a good idea to sacrifice coverage to reduce premiums. There are a lot of situations where consumers will sacrifice liability coverage limits only to regret that the small savings ended up costing them much more. Your goal should be to get the best coverage possible for the lowest price, but don’t skip important coverages to save money.