Would you like to save money by finding more competitive Ford F-150 insurance in Cleveland? Searching for cheaper insurance for a Ford F-150 in Ohio could be a lot of work, but you can use these tips to find lower rates.
There is a better way to buy car insurance so we’re going to tell you the proper way to quote coverages for a Ford and get the best price possible from Cleveland insurance agents and online providers.
What Determines Ford F-150 Insurance Rates?
Lots of things are part of the calculation when you get your auto insurance bill. A few of the factors are predictable like an MVR report, but other criteria are more obscure like your vehicle usage or your commute time. A large part of saving on auto insurance is knowing some of the things that are used to determine your policy premiums. When you understand what positively or negatively impacts your premiums, this enables you to make decisions that could help you find lower premium levels.
The items below are some of the factors used by your company to calculate your prices.
How much liability do you need? – The liability section of your policy will protect you when a jury decides you are liable for personal injury or accident damage. This coverage provides you with a defense in court which can cost thousands of dollars. This coverage is relatively inexpensive compared to physical damage coverage, so do not skimp.
Lower physical damage deductibles cost more – The deductibles you choose represent how much money you are required to spend if a claim is determined to be covered. Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your car. Examples of some claims that would be covered would be a windshield broken by a bird, hail damage, or theft of your vehicle. The higher the amount you are required to pay out-of-pocket, the better rate you will receive.
Performance makes a difference – The performance of the car you need insurance for makes a significant difference in your auto insurance rates. The lowest performance passenger cars receive the most favorable rates, but other factors influence the final cost greatly.
The following data is based on a single female driver age 40, full coverage with $500 deductibles, and no discounts or violations. The chart compares Ford F-150 policy rates compared to other makes and models that have different risk factors.
Use but don’t abuse your insurance – Car insurance companies in Ohio give better rates to drivers who are not frequent claim filers. If you tend to file frequent claims, you can definitely plan on much higher rates or policy non-renewal. Your car insurance is meant to be used in the event of more catastrophic claims.
Avoid unnecessary incidental coverages – Policies have additional coverages that can add up if you don’t pay attention. Coverages for personal injury protection, accident forgiveness, and term life insurance are examples of these. They may seem good when talking to your agent, but if you have no use for them get rid of them and save.
Lower miles equals lower premium – The more you drive your Ford each year the higher your rates will be. Most insurance companies charge to insure your cars based upon how the vehicle is primarily used. Cars and trucks that are left in the garage can get a lower rate than those used for commuting. Having the wrong rating on your F-150 can cost quite a bit. It’s a smart idea to ensure your policy states annual mileage.
How credit score affects auto insurance premiums – Having a good credit rating factor in calculating your premium rate. Drivers with excellent credit scores tend to be more responsible and file fewer claims as compared to drivers with bad credit. If your credit history could use some work, you could save money insuring your Ford F-150 by improving your rating.
Claims statistics for a Ford F-150 – Insurers analyze claim trends for every vehicle when they calculate premium costs for each model. Models that have high amounts or severity of claims will cost more for coverage.
The next table illustrates the actual insurance loss data for Ford F-150 vehicles. For each coverage type, the statistical loss for all vehicles, as a total average, is set at 100. Values that are below 100 suggest a better than average loss history, while values that are above 100 indicate frequent claims or tendency to have larger claims.
| Make and 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
Statistics from IIHS.org for 2013-2015 Model Years
Premium rates and analysis
The data table shown next showcases detailed analysis of insurance premium costs for Ford F-150 models. Learning how insurance prices are formulated can help customers make informed decisions when comparing rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| F-150 XL Regular Cab 2WD | $164 | $256 | $296 | $18 | $88 | $822 | $69 |
| F-150 STX Regular Cab 2WD | $164 | $328 | $296 | $18 | $88 | $894 | $75 |
| F-150 XL Super Cab 2WD | $164 | $328 | $296 | $18 | $88 | $894 | $75 |
| F-150 XLT Regular Cab 2WD | $164 | $328 | $296 | $18 | $88 | $894 | $75 |
| F-150 STX Super Cab 2WD | $164 | $328 | $296 | $18 | $88 | $894 | $75 |
| F-150 XL Crew Cab 2WD | $188 | $328 | $296 | $18 | $88 | $918 | $77 |
| F-150 XLT Super Cab 2WD | $188 | $328 | $296 | $18 | $88 | $918 | $77 |
| F-150 STX Regular Cab 4WD | $188 | $328 | $296 | $18 | $88 | $918 | $77 |
| F-150 XL Regular Cab 4WD | $188 | $328 | $296 | $18 | $88 | $918 | $77 |
| F-150 FX2 Super Cab 2WD | $188 | $328 | $296 | $18 | $88 | $918 | $77 |
| F-150 XLT Crew Cab 2WD | $188 | $328 | $296 | $18 | $88 | $918 | $77 |
| F-150 XL Super Cab 4WD | $188 | $328 | $296 | $18 | $88 | $918 | $77 |
| F-150 XLT Regular Cab 4WD | $188 | $328 | $296 | $18 | $88 | $918 | $77 |
| F-150 XL Crew Cab 4WD | $212 | $328 | $296 | $18 | $88 | $942 | $79 |
| F-150 STX Super Cab 4WD | $212 | $328 | $296 | $18 | $88 | $942 | $79 |
| F-150 XLT Super Cab 4WD | $212 | $328 | $296 | $18 | $88 | $942 | $79 |
| F-150 FX2 2WD | $212 | $398 | $296 | $18 | $88 | $1,012 | $84 |
| F-150 Lariat Super Cab 2WD | $212 | $398 | $296 | $18 | $88 | $1,012 | $84 |
| F-150 Lariat Crew Cab 2WD | $212 | $398 | $296 | $18 | $88 | $1,012 | $84 |
| F-150 FX4 Super Cab 4WD | $212 | $398 | $296 | $18 | $88 | $1,012 | $84 |
| F-150 XLT Crew Cab 4WD | $212 | $398 | $296 | $18 | $88 | $1,012 | $84 |
| F-150 FX4 4WD | $212 | $398 | $296 | $18 | $88 | $1,012 | $84 |
| F-150 Lariat Crew Cab 4WD | $212 | $398 | $296 | $18 | $88 | $1,012 | $84 |
| F-150 SVT Raptor Super Cab 4WD | $212 | $398 | $296 | $18 | $88 | $1,012 | $84 |
| F-150 Lariat Super Cab 4WD | $212 | $398 | $296 | $18 | $88 | $1,012 | $84 |
| F-150 Lariat Crew Cab Platinum 2WD | $212 | $470 | $296 | $18 | $88 | $1,084 | $90 |
| F-150 Lariat Crew Cab Harley 2WD | $212 | $470 | $296 | $18 | $88 | $1,084 | $90 |
| F-150 Lariat King Ranch 2WD | $212 | $470 | $296 | $18 | $88 | $1,084 | $90 |
| F-150 Lariat King Ranch 4WD | $236 | $470 | $296 | $18 | $88 | $1,108 | $92 |
| F-150 Lariat Crew Cab Harley 4WD | $236 | $470 | $296 | $18 | $88 | $1,108 | $92 |
| F-150 Lariat Crew Cab Platinum 4WD | $236 | $470 | $296 | $18 | $88 | $1,108 | $92 |
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Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Premium amounts do not factor in the specific area where the vehicle is garaged which can decrease or increase auto insurance rates noticeably.
The diagram below shows how choosing a deductible and can affect Ford F-150 annual premium costs for different age categories. The price estimates are based on a married male driver, comprehensive and collision coverage, and no other discounts are factored in.
Insurance rate increases from tickets or accidents
The illustration below demonstrates how speeding tickets and at-fault fender-benders can drive up Ford F-150 insurance prices for different ages of insureds. The premium estimates are based on a married female driver, full coverage, $500 deductibles, and no discounts are taken into consideration.
Does full coverage make sense?
The illustration below shows the difference between Ford F-150 insurance costs with liability coverage only compared to full coverage. The price estimates are based on no claims or driving violations, $100 deductibles, drivers are single, and no policy discounts are applied.
Deciding between full coverage and liability only
There is no specific rule for dropping physical damage coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.
For example, let’s pretend your Ford F-150 replacement cost is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $8,000 after paying your deductible. If premiums are more than $800 annually for physical damage coverage, then it might be time to buy liability only.
There are a few situations where removing full coverage is not a good plan. If you haven’t paid off your loan, you are required to maintain full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.
Don’t overlook these Ford F-150 insurance discounts
Not many people think insurance is cheap, but there may be some discounts that could help you make your next renewal payment. Certain discounts will be applied when you complete an application, but occasionally some discounts must be inquired about prior to getting the savings. If you do not double check each discount you qualify for, you’re just leaving money on the table.
- More Vehicles More Savings – Having multiple cars or trucks with the same company could earn a price break for each car.
- Discount for Home Ownership – Owning your own home or condo can earn you a little savings since home ownership means you have a higher level of financial diligence.
- Defensive Driver Discount – Participating in a class that teaches defensive driver techniques can save you 5% or more and also improve your driving technique.
- Theft Deterrent Discount – Vehicles that have factory alarm systems and tracking devices prevent vehicle theft so companies will give you a small discount.
- Government Employees – Federal government employees can save as much as 8% with certain companies.
- Auto/Home Discount – If you combine your auto and homeowners policies with the same insurance company you may save up to 20% off your total F-150 insurance premium.
It’s important to understand that most discount credits are not given to your bottom line cost. A few only apply to the cost of specific coverages such as comprehensive or collision. Just because it seems like you could get a free insurance policy, nobody gets a free ride.
The illustration below illustrates the difference between Ford F-150 car insurance costs with and without discounts applied. The rate quotes are based on a female driver, a clean driving record, no claims, Ohio state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, claim-free, multi-policy, multi-car, and homeowner discounts applied.
Popular insurance companies and a summarized list of policyholder discounts are included below.
- Progressive may offer discounts for multi-vehicle, online quote discount, good student, continuous coverage, multi-policy, and homeowner.
- The Hartford discounts include driver training, vehicle fuel type, anti-theft, bundle, and defensive driver.
- Mercury Insurance policyholders can earn discounts including age of vehicle, ease of repair, good student, good driver, and multi-policy.
- GEICO may have discounts that include defensive driver, five-year accident-free, emergency military deployment, federal employee, and seat belt use.
- AAA includes discounts for good driver, multi-car, pay-in-full, anti-theft, and good student.
- State Farm offers premium reductions for Steer Clear safe driver discount, passive restraint, good student, driver’s education, student away at school, Drive Safe & Save, and anti-theft.
It’s a good idea to ask every company how many discounts you can get. Savings might not be offered on policies in every state. If you would like to see a list of providers who offer free Ford F-150 insurance quotes in Ohio, click this link.
Which auto insurance company is best in Cleveland?
Ending up with the right car insurance company can be rather challenging considering how many choices there are in Cleveland. The information in the next section can help you analyze which car insurance companies to look at purchasing a policy from.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
| Titan Insurance | 89 | 91 | 83 | 86% | A+ | 89.3 |
| Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
| Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
| Erie Insurance | 92 | 90 | 82 | 88% | A+ | 88.5 |
| Mercury Insurance | 87 | 95 | 87 | 84% | A+ | 88.3 |
| The Hartford | 87 | 89 | 84 | 87% | A+ | 88 |
| Esurance | 84 | 88 | 85 | 83% | A+ | 86 |
| Farmers Insurance | 79 | 88 | 84 | 87% | A | 84.7 |
| The General | 88 | 80 | 85 | 80% | A- | 84.5 |
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Data Source: Insure.com Best Car Insurance Companies
Smart shoppers get results
We covered some good ideas how to reduce Ford F-150 insurance car insurance rates online in Cleveland. The most important thing to understand is the more providers you compare, the higher your chance of finding inexpensive Cleveland auto insurance quotes. Consumers could even find that the lowest car insurance rates come from the least-expected company.
As you shop your coverage around, don’t be tempted to buy less coverage just to save a little money. There are many occasions where drivers have reduced liability coverage limits to discover at claim time that it was a big error on their part. Your aim should be to buy enough coverage at the best cost while not skimping on critical coverages.
A few companies may not have online quoting and usually these small, regional companies only sell through independent insurance agents. Cheaper Ford F-150 insurance in Cleveland can be bought on the web as well as from insurance agents, and you need to price shop both to get a complete price analysis.
How to find more affordable Ford F-150 insurance in Cleveland
Really, the only way to find cheaper quotes for Ford F-150 insurance is to compare prices once a year from companies that sell auto insurance in Cleveland.
- Step 1: Get an understanding of the different coverages in a policy and the measures you can control to prevent high rates. Many rating criteria that increase rates such as speeding and a bad credit rating can be controlled by making minor changes in your lifestyle.
- Step 2: Obtain price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like GEICO and State Farm, while independent agencies can quote rates from multiple sources.
- Step 3: Compare the price quotes to the price on your current policy to determine if switching companies saves money. If you can save some money and switch companies, make sure there is no coverage gap between policies.
- Step 4: Provide adequate notice to your current company to cancel your existing policy and submit a down payment along with a signed application for the new coverage. When you receive it, place the new certificate of insurance above your visor, in the console, or in the glove compartment.
One key aspect when comparing rates is that you’ll want to compare identical limits and deductibles on every quote and to quote with as many carriers as you can. This guarantees an apples-to-apples comparison and a complete rate analysis.
Additional information can be found on the following sites:
- Airbag FAQ (iihs.org)
- Who Has Cheap Auto Insurance for Ride Shares in Cleveland? (FAQ)
- How Much are Cleveland Auto Insurance Quotes for a Toyota Corolla? (FAQ)
- How Much is Car Insurance for a Chevrolet Equinox in Cleveland? (FAQ)
- Auto Insurance Basics (Insurance Information Institute)
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)