Best Ford Ranger Insurance in Cleveland

It’s a known fact that auto insurance companies don’t want you to compare rates. People who shop for lower prices will most likely switch car insurance companies because the odds are good of finding good coverage at a lower price. A recent car insurance study revealed that consumers who compared prices once a year saved as much as $850 each year compared to people who never compared rates.

If finding the lowest price for insurance in Cleveland is why you’re here, then having some knowledge of the best way to shop and compare car insurance can make it simple to find affordable coverage.

To save the most money, the best way to find cheaper prices for Ford Ranger insurance is to compare prices at least once a year from insurers in Cleveland. You can compare prices by following these steps.

• First, try to learn a little about how companies price auto insurance and the measures you can take to keep rates down. Many rating criteria that increase rates such as traffic citations and your credit history can be rectified by making small lifestyle or driving habit changes. Later in this article we will cover more information to help prevent costly coverage and get bigger discounts that may have been overlooked.
• Second, get rate quotes from direct, independent, and exclusive agents. Exclusive and direct companies can give quotes from a single company like GEICO or Farmers Insurance, while agents who are independent can quote prices from multiple sources.
• Third, compare the quotes to the price on your current policy and determine if there is any savings. If you find better rates, make sure there is no coverage gap between policies.
• Fourth, give notification to your current company of your intention to cancel the current policy and submit a completed application and payment for your new policy. As soon as you receive it, safely store the proof of insurance paperwork in an easily accessible location.

The most important part of this process is to compare identical limits and deductibles on each price quote and and to get price estimates from as many companies as feasibly possible. This enables an apples-to-apples comparison and a complete price analysis.

Locating the best rates in Cleveland is really quite easy. In essence, each driver who is looking for cheaper auto insurance most likely will find a lower-cost company. But Ohio car owners must comprehend the methods companies use to price online insurance because it can help you find the best coverage.

To get inexpensive Cleveland auto insurance quotes, there a variety of ways of comparing rate quotes from many available insurance companies in Ohio. The quickest method to compare rates is simply to get online rate quotes.

Getting rates online is very simple and it replaces the need to call or drive to insurance agencies in your area. Comparing Ford Ranger insurance rate quotes online has reduced the need for local agents unless you want the peace of mind of an agent trained in personal lines coverage. However, consumers can get the lowest quotes online but buy the policy through an agent.

Keep in mind that obtaining a wide range of quotes increases your odds of finding more affordable insurance.

The car insurance companies shown below are our best choices to provide comparison quotes in Ohio. If your goal is to find cheap car insurance in Cleveland, we recommend you visit several of them to get the lowest price.

Protect your Ford Ranger and other assets

Despite the high cost of buying insurance for a Ford Ranger in Cleveland, insuring your vehicle is a good idea for several reasons.

• Most states have mandatory insurance requirements which means you are required to buy a specific level of liability coverage in order to drive the car legally. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If your Ford Ranger has a loan, most lenders will make it a condition of the loan that you have comprehensive coverage to guarantee their interest in the vehicle. If you do not keep the policy in force, the bank will be required to insure your Ford at an extremely high rate and require you to pay for it.
• Car insurance preserves both your vehicle and your personal assets. It will also provide coverage for many types of medical costs for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance also covers all legal expenses up to the policy limit if you cause an accident and are sued. If you have damage to your Ford as the result of the weather or an accident, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.

The benefits of having insurance greatly outweigh the cost, especially when you need to use it. As of last year, the average driver in Ohio overpays as much as $810 a year so you should quote and compare rates every year to make sure the price is not too high.

Premium rates and analysis

The table shown below highlights a range of insurance costs for Ford Ranger models. Understanding how auto insurance premiums are figured can help drivers make decisions when shopping around.

Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Table data does not factor in specific zip code location which can impact premium rates greatly.

Higher deductibles lower rates

One of the more difficult decisions when buying car insurance is how high or low should comp and collision deductibles be. The following insurance rates may help you to understand the rate difference when you select higher and lower deductibles. The first set of rates uses a $250 deductible and the second data table uses a $1,000 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Rates do not factor in vehicle location which can influence premiums greatly.

Based on the figures above, using a $250 deductible will cost you about $15 more each month or $180 every year than quoting the higher $1,000 deductible. Since you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at least 50 months between claim filings, you would most likely save money by selecting a higher deductible.

One thing to be aware of is that raising deductibles to save money results in more money out-of-pocket at claim time. You need to have enough money put aside in order to pay the deductible for vehicle repair.

The diagram below shows how choosing a deductible and can change Ford Ranger insurance premiums for each age group. The prices are based on a married female driver, comp and collision included, and no discounts are applied to the premium.

Full coverage rates vs. liability-only in Cleveland

The chart below shows the difference between Ford Ranger insurance costs when comparing full coverage to liability only. The premiums are based on a clean driving record, no at-fault accidents, $100 deductibles, marital status is single, and no discounts are taken into consideration.

Guidelines for eliminating full coverage

There is no written rule for phasing out comprehensive and collision coverage on your policy, but there is a guideline you can use. If the yearly cost of full coverage is 10% or more of the replacement cost minus the deductible, then it might be time to buy liability only.

For example, let’s assume your Ford Ranger replacement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $8,000 after the deductible is paid. If you are paying more than $800 a year for physical damage coverage, then you might want to consider buying only liability coverage.

There are a few cases where removing full coverage is not advised. If you still have a lienholder on your title, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not drop full coverage.

Lower rates by qualifying for discounts

Car insurance is not an enjoyable expense, but there may be some discounts that could help you make your next renewal payment. Some of these discounts will be visible when you complete an application, but less common discounts must be manually applied before they will apply.

• Club Memberships – Affiliation with a qualifying organization is a simple method to lower premiums on car insurance.
• Paperwork-free – Many companies will give you a small discount for buying a policy and signing up on the internet.
• Low Mileage – Low mileage vehicles could be rewarded with slightly better car insurance rates than normal.
• Savings for New Vehicles – Buying insurance coverage on a new vehicle can save up to 30% because newer models are generally safer.
• ABS Brakes – Cars, trucks, and SUVs that have steering control and anti-lock brakes can stop better under adverse conditions and the ABS can save up to 10%.

You can save money using discounts, but most discounts do not apply to your bottom line cost. The majority will only reduce specific coverage prices like liability, collision or medical payments. So even though it sounds like you would end up receiving a 100% discount, nobody gets a free ride.

The diagram below compares Ford Ranger car insurance rates with and without discounts applied to the premium. The information is based on a female driver, no claims, a clean driving record, Ohio state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, marriage, homeowner, safe-driver, and claim-free discounts applied.

Companies and a selection of discounts are outlined below.

• 21st Century policyholders can earn discounts including driver training, 55 and older, student driver, good student, theft prevention, and automatic seat belts.
• State Farm offers discounts including student away at school, good driver, Drive Safe & Save, defensive driving training, multiple autos, and passive restraint.
• AAA offers premium reductions for good driver, multi-policy, anti-theft, AAA membership discount, and pay-in-full.
• Liberty Mutual discounts include new move discount, multi-policy, new vehicle discount, new graduate, good student, and safety features.
• Progressive may have discounts that include good student, online quote discount, multi-policy, multi-vehicle, continuous coverage, homeowner, and online signing.

When getting free Cleveland auto insurance quotes, it’s a good idea to each company to give you their best rates. A few discounts may not be offered in your state. To view providers offering car insurance discounts in Cleveland, click here.