Cheapest Quotes for Ford Ranger Insurance in Greensboro

It’s shocking but the vast majority of insurance customers in North Carolina have remained with the same insurance company for more than four years, and nearly the majority have never compared rates from other carriers. Most drivers in the United States could save almost $860 a year just by comparing rates, but most undervalue how much they could save if they switch to a new company.

If saving the most money is your goal, then the best way to save on car insurance rates is to make a habit of regularly comparing prices from insurers who provide auto insurance in Greensboro.

First, spend some time learning about how insurance companies determine prices and the changes you can make to lower rates. Many things that are responsible for high rates such as traffic violations, accidents, and a negative credit rating can be amended by making minor changes to your lifestyle.

Second, compare price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only give prices from a single company like GEICO and State Farm, while independent agencies can provide prices for a wide range of companies.

Third, compare the new rate quotes to your existing rates to determine if you can save on Ranger insurance. If you find a better price and change companies, make sure there is no lapse in coverage.

A crucial key to this process is to try to compare identical coverage information on every price quote and and to look at as many carriers as you can. This enables the most accurate price comparison and a complete rate analysis.

Locating the most cost-effective car insurance policy in Greensboro is easy if you know what you’re doing. If you already have coverage, you will definitely be able to buy cheaper car insurance using this information. Vehicle owners just have to know the most efficient way to shop their coverage around using one simple form.

The best way to get rate comparisons for Ford Ranger insurance in Greensboro is to understand car insurance companies pay for the opportunity to compare their rates. The only thing you need to do is provide information such as if you have an active license, daily mileage, any included safety features, and the year, make and model of vehicles. Those rating factors is submitted instantly to all major companies and you will get price comparisons almost instantly.

To compare cheaper Ford Ranger insurance rates now, click here and enter your coverage details.

The following companies offer price comparisons in North Carolina. If multiple companies are listed, it’s a good idea that you visit two to three different companies to find the most competitive auto insurance rates.

Why car insurance is not optional

Even though Greensboro Ranger insurance rates can get expensive, buying car insurance is mandatory in North Carolina but it also protects more than you think.

• Most states have mandatory insurance requirements which means state laws require specific limits of liability insurance coverage if you don’t want to risk a ticket. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you have a loan on your Ford Ranger, more than likely the lender will require that you carry insurance to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the bank will be required to insure your Ford at a much higher rate and force you to pay for it.
• Car insurance protects your Ford and your assets. Insurance will pay for medical bills for not only you but also any passengers injured in an accident. Liability insurance will also pay attorney fees if someone files suit against you as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.

The benefits of having car insurance outweigh the cost, particularly if you ever have a claim. But the average driver in North Carolina overpays more than $830 a year so shop around every year to help ensure money is not being wasted.

Ford Ranger insurance rates and statistics

The price information displayed next highlights estimates of insurance coverage prices for Ford Ranger models. Having a better idea how insurance policy rates are figured can aid in making smart policy decisions.

Cost estimates assume married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Premium costs do not factor in vehicle location which can increase or decrease insurance rates noticeably.

The illustration below demonstrates how deductibles and can affect Ford Ranger yearly insurance costs for each age group. The premium estimates are based on a single male driver, full coverage, and no discounts are taken into consideration.

Impact of violations and accidents on rates in Greensboro

The example below demonstrates how citations and at-fault collisions impact Ford Ranger insurance costs for each different age category. Data assumes a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.

Comparison of full coverage and liability-only policies

The chart below illustrates the difference between Ford Ranger premium costs with liability coverage only compared to full coverage. The premiums are based on no claims or driving citations, $1,000 deductibles, drivers are not married, and no discounts are factored in.

When to stop buying full coverage

There is no written rule to eliminate physical damage insurance, 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 you may need to consider dropping full coverage.

For example, let’s assume your Ford Ranger claim settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $6,000 after paying your deductible. If premiums are more than $600 a year for your policy with full coverage, then you might want to think about dropping full coverage.

There are some scenarios where removing full coverage is not a good plan. If you haven’t satisfied your loan, you have to keep full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not remove full coverage.

Don’t overlook these Ford Ranger insurance discounts

Auto insurance companies don’t always advertise every discount available in a way that’s easy to find, so here is a list a few of the more well known in addition to some of the lesser obvious credits available to you. If they aren’t giving you every credit you qualify for, you may be paying too high a price.

• Auto/Life Discount – Some insurance companies give a discount if you purchase some life insurance too.
• Anti-lock Brakes – Cars equipped with ABS or steering control have fewer accidents and therefore earn up to a 10% discount.
• Sign Early and Save – Some insurance companies reward drivers for switching companies prior to your current Ranger insurance policy expiring. It’s a savings of about 10%.
• Multi-Vehicle Discounts – Buying a policy with more than one vehicle with one company qualifies for this discount.
• Senior Citizens – If you’re over the age of 55, you may receive lower premium rates.
• Discounts for Federal Employees – Employees or retirees of the government could cut as much as 10% off but check with your company.

A little note about advertised discounts, most of the big mark downs will not be given to your bottom line cost. Most only apply to specific coverage prices like liability, collision or medical payments. So when it seems like it’s possible to get free car insurance, it doesn’t quite work that way.

The information below shows the difference between Ford Ranger insurance premiums with and without discounts applied to the premium. The premiums assume a female driver, no claims or violations, North Carolina state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, claim-free, homeowner, safe-driver, and marriage discounts applied.

Auto insurance companies that may offer policyholders most of the discounts above possibly include:

• Farmers Insurance
• Esurance
• State Farm
• GEICO
• Allstate

Check with every prospective company which credits you are entitled to. Some credits may not apply everywhere.

Your situation helps dictate your coverage

When it comes to choosing coverage online or from an agent, there really is no single plan that fits everyone. Everyone’s situation is unique and a cookie cutter policy won’t apply.
These are some specific questions could help you determine whether your personal situation would benefit from professional advice.

• How do I file an SR-22 for a DUI in North Carolina?
• Are my friends covered when driving my car?
• Should I buy more coverage than the required North Carolina minimum liability coverage?
• Is water damage covered by my policy?
• Is extra glass coverage worth it?
• Am I covered while delivering pizza?
• Does coverage extend to my business vehicle?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an agent. To find an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area. It is quick, free and you can get the answers you need.