Cheap 2023 Ford Transit Van Insurance Rates in 2024

Have you finally had enough of sacrificing other expenses to pay high auto insurance rates every month? Your situation is no different than most other people.

Insurance companies such as State Farm and GEICO all claim big savings, bombarding you with ads and it is challenging if not impossible to ignore the flashy ads and do the work needed to find the best deal.

Discounts for affordable insurance rates

Some insurers don’t necessarily list every possible discount in a way that’s easy to find, so we break down some of the more common in addition to some of the lesser obvious credits that you can use to lower your rates.

• Waiver for an Accident – Not necessarily a discount, but some companies like Liberty Mutual and GEICO will turn a blind eye to one accident before your rates go up if your claims history is clear for a particular time prior to the accident.
• Student Discounts – A discount for being a good student can save 20 to 25%. The good student discount can last well after school through age 25.
• Federal Employees – Active or former government employment may qualify for a discount when you quote insurance coverage on Transit van insurance with certain companies.
• Low Mileage Discounts – Driving fewer miles could earn better insurance rates on cars that stay parked.
• Savings for New Vehicles – Putting insurance on a new car is cheaper because newer vehicles are generally safer.
• Homeowners Savings – Owning a house may earn you a small savings due to the fact that maintaining a home requires personal responsibility.
• Payment Method – By making one initial payment as opposed to paying monthly you can avoid the installment charge.

Keep in mind that most discount credits are not given to the entire policy premium. Most only apply to individual premiums such as comprehensive or collision. So even though you would think you can get free auto insurance, it’s just not the way it works.

To choose insurance companies who offer cheap insurance quotes, enter your zip code here.

How to buy insurance coverage online

When shopping for inexpensive insurance coverage quotes, there are a couple of ways of comparing rates from many different insurance companies. The best way to find competitive 2023 Ford Transit Van insurance rates consists of obtaining rate quotes online. It’s really quite simple and can be done in a couple of different ways.

1. Probably the best way to compare a lot of rates at once is an all-inclusive rate comparison. This quick form saves time by eliminating separate forms for every prospective company. One quote request will get you rate comparisons instantly.
2. A less efficient way to get comparison quotes is to manually visit the website of each company and complete a new quote form. For instance, let’s say you want to see prices from Liberty Mutual, 21st Century and American Family. To get rate quotes you would need to go to every website to enter the same coverage data repeatedly, which can get old fast.
3. The least efficient and most time consuming way to compare rates is to waste gas driving to insurance agencies in your area. Quoting and buying insurance online eliminates this option unless your situation requires the personal advice of an agent trained in personal lines coverage. Although, it is possible comparison shop your insurance online but buy from a local insurance agent.

Take whichever approach you prefer, but do your best to use apples-to-apples quote information on every price quote you get. If you are comparing different deductibles then you won’t be able to get a fair rate comparison. Even a minor difference in coverages may result in large price differences. And when quoting insurance coverage, remember that comparing a wide range of rates helps improve the odds of finding more affordable rates.

Why you might pay higher rates

Lots of things are used when quoting car insurance. Some are pretty understandable such as your driving history, but others are not quite as obvious such as your marital status or how financially stable you are.

The list below includes some of the most rate-impacting factors that factor into premiums.

• Advanced alarm systems – Owning a car with anti-theft technology or alarm system can help bring down rates. Theft deterrent systems such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder car theft.
• Men drivers tend to cost more – Over time, data shows that men are more aggressive behind the wheel. It does not mean females are better drivers. Women and men are responsible for fender benders in similar percentages, but the male of the species get into accidents with more damage. Men also receive more costly citations such as reckless driving. Males from age 16 to 21 cause the most accidents and thus pay the highest rates.
• Bundle policies with the same company – Many companies will give a discount to insureds who buy several policies from them. It’s known as a multi-policy discount. If you currently are using one company, it’s always a smart idea to compare other company rates to make sure you are getting the best deal. Drivers may still find lower rates by buying insurance from more than one company.
• Avoid traffic tickets – Drivers who don’t get tickets have lower premiums compared to drivers with tickets. Just one moving violation can increase rates forty percent or more. Drivers with flagrant citations like DUI or reckless driving may be required to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to legally drive a vehicle.
• Do you really need to file that claims? – If you’re an insured who likes to file claims you can pretty much guarantee increased rates or even have your policy non-renewed. Car insurance companies generally give the lowest premiums to insureds who do not file claims often. Your car insurance is intended for the large, substantial claims.
• Costs can change based on your address – Living in smaller towns and rural areas of the country may provide you with better prices when trying to find low car insurance rates. Less people living in that area means a lower chance of having an accident and lower theft and vandalism rates. Residents of big cities tend to have traffic congestion and longer commutes to work. More time commuting means higher likelihood of an accident.

Tailor your insurance coverage coverage to you

When buying proper insurance coverage, there really is not a best way to insure your cars. Everyone’s needs are different and your policy should reflect that. Here are some questions about coverages that could help you determine if you might need an agent’s assistance.

• When should I drop full coverage on my 2023 Ford Transit Van?
• Am I covered when pulling a rental trailer?
• Can I rent a car in Mexico?
• Do I need higher collision deductibles?
• Am I covered when driving in Canada or Mexico?
• Is my teenager covered with friends in the car?
• Who is covered when they drive my 2023 Ford Transit Van?
• Can I get a multi-policy discount?
• When do I need to add a new car to my policy?
• How can I find cheaper teen driver insurance?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed agent. If you don’t have a local agent, fill out your zip code.

Do insurance coverage companies bend the truth?

Well-known insurance coverage companies like State Farm and Allstate seem to constantly run ads in print and on television. All the companies try to convey promises of big savings if you just switch to their company. That’s great but how can every company cost less than your current company? It’s all in how they say it.

Companies look for specific characteristics for the type of insured they prefer to insure. One example of a desirable risk could possibly be between the ages of 40 and 55, owns a home, and has great credit. A customer getting a price quote that fits those parameters receive the lowest rate quotes and will most likely save a lot of money.

Potential customers who do not match the “perfect” profile will probably have to pay a higher premium which leads to the driver buying from a lower-cost company. If you listen closely, the ads state “drivers that switch” not “everyone that quotes” save that kind of money. That’s the way companies can truthfully make those statements.

Because every company is different, you should get as many free insurance coverage quotes as possible. It is just not possible to predict which insurance coverage company will have the lowest rates.

Car insurance coverage information

Having a good grasp of your policy helps when choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Below you’ll find the usual coverages found on most car insurance policies.

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as damage to your Ford Transit Van.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time your uninsured/underinsured motorist coverages are set the same as your liability limits.

Collision coverage – Collision insurance pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like sideswiping another vehicle, damaging your car on a curb, colliding with a tree, scraping a guard rail and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to bump up the deductible to save money on collision insurance.

Medical costs insurance – Medical payments and Personal Injury Protection insurance provide coverage for bills such as X-ray expenses, EMT expenses and surgery. They are often used to fill the gap from your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Comprehensive or Other Than Collision – This coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as a tree branch falling on your vehicle, fire damage, damage from a tornado or hurricane, hitting a bird and damage from flooding. The highest amount a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Liability auto insurance – Liability insurance provides protection from damage that occurs to people or other property in an accident. It protects you against claims from other people, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 50/100/50 which means $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.

Liability can pay for claims such as repair bills for other people’s vehicles, structural damage, medical services, repair costs for stationary objects and emergency aid. How much coverage you buy is up to you, but you should buy higher limits if possible.

Never pay more for less

We’ve covered quite a bit of information on how to save on 2023 Ford Transit Van insurance. The most important thing to understand is the more rate quotes you have, the better your chances of lowering your prices. Consumers may even find the lowest premium rates come from a smaller regional carrier. These smaller insurers may only write in your state and offer lower prices than the large multi-state companies such as Allstate and Progressive.

When getting insurance coverage quotes online, do not buy poor coverage just to save money. There are too many instances where an insured cut uninsured motorist or liability limits and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your goal is to find the BEST coverage at the lowest possible cost, not the least amount of coverage.