It’s safe to assume that auto insurance companies don’t want policyholders to shop around. Drivers who shop around for cheaper rates are very likely to switch companies because the odds are good of finding a policy with more affordable rates. Remarkably, a study showed that people who shopped around saved over $865 a year compared to other drivers who never shopped around.
If finding the most affordable auto insurance in Minneapolis is your ultimate objective, knowing how to quote prices and compare cheaper coverage can make shopping around easier.
The best way we recommend to get affordable auto insurance rates is to compare prices regularly from insurance carriers in Minneapolis. Rate comparisons can be done by completing these steps.
- Step 1: It will benefit you to learn about what is in your policy and the measures you can control to prevent rate increases. Many policy risk factors that increase rates such as accidents, traffic violations, and an unacceptable credit rating can be rectified by making lifestyle changes or driving safer.
- Step 2: Compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only provide price estimates from one company like GEICO or Farmers Insurance, while independent agents can give you price quotes for many different companies.
- Step 3: Compare the new rate quotes to your current policy premium to determine if switching companies saves money. If you can save money and decide to switch, make sure coverage is continuous and does not lapse.
One bit of advice is to compare similar limits and deductibles on each quote and to quote with every insurance company. This ensures an accurate price comparison and a good representation of prices.
If you already have coverage or are looking for a new policy, take advantage of these tips to reduce the price you pay and still have adequate protection. Our goal in writing this article help educate you on the most effective ways to compare rates and how you can save the most money. Vehicle owners only need an understanding of the most effective way to compare rates using one simple form.
The Ford F-250 Insurance Price Equation
Many things are used in the calculation when premium rates are determined. Some are obvious like an MVR report, but other criteria are more obscure like where you live or your financial responsibility. Smart consumers have a good feel for some of the factors that go into determining your policy premiums. If you have some idea of what impacts premium levels, this allows you to make good choices that will entitle you to cheaper rates.
- Do you have a high stress occupation? – Careers like judges, business owners, and dentists tend to have higher average rates attributed to high stress levels and lots of time spent away from family. On the other hand, careers such as professors, students and the unemployed pay the least.
- Low credit rating equals high prices – Having a bad credit history can be a huge factor in determining what you pay. Insureds that have excellent credit scores tend to be less risk to insure than those with bad credit. So if your credit is low, you could potentially save money when insuring your Ford F-250 by taking the time to improve your credit score.
- Get married and get cheaper premiums – Walking down the aisle actually saves money on your car insurance policy. It demonstrates that you tend to be more financially stable and insurance companies reward insureds because drivers who are married file infrequent claims.
- Location can affect price – Choosing to live in areas with lower population is a positive aspect if you are looking for the lowest rates. Fewer drivers on the road means a lower chance of having an accident and a lower car theft rate. People in densely populated areas have more aggressive driving styles and longer commute times. More time commuting translates into higher accident risk.
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Driver age impacts rates – More experienced drivers are shown to be more cautious, tend to file fewer claims, and tend to be get fewer driving tickets. Young drivers are statistically shown to be inattentive when driving so car insurance rates are higher.
The following data is based on a single driver, full coverage with $250 deductibles, and no discounts or violations.
- Theft deterrents save – Purchasing a vehicle with a theft deterrent system can help bring down rates. Theft deterrent systems like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all hinder vehicle theft.
- More policies can equal more savings – Most car insurance companies will award better rates to customers who buy several policies from them. It’s known as a multi-policy discount. This can amount to ten or even fifteen percent. If you currently are using one company, you still need to comparison shop to ensure the best deal.There is a good possibility that you can save even more than the discount by insuring with multiple companies.
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Loss statistics for a Ford F-250 – Insurance companies use past insurance losses to calculate a price that offsets possible losses. Models that statistically have higher claim frequency or loss amount will have higher premium rates.
The table shown below demonstrates the insurance loss data for Ford F-250 vehicles. For each insurance policy coverage type, the claim probability for all vehicles, regardless of make, model or trim level, equals 100. Values that are under 100 represent a good loss history, while percentage numbers above 100 show a trend for more claims or statistically larger claims.
Car Insurance Loss Data for Ford F-250 Models Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Ford F-250 4WD 58 97 85 Ford F-250 SuperCab 2WD 55 90 Ford F-250 SuperCab 4WD 72 118 71 48 Ford F-250 SuperCrew 2WD 75 101 125 Ford F-250 SuperCrew 4WD 86 132 176 44 44 90 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Ford F-250 coverage analysis
The information below showcases estimates of insurance coverage prices for Ford F-250 models. Learning as much as possible about how insurance premiums are figured can assist in making smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| F-250 XL 2WD | $302 | $606 | $484 | $28 | $144 | $1,564 | $130 |
| F-250 XL Cabela Package 2WD | $342 | $714 | $484 | $28 | $144 | $1,712 | $143 |
| F-250 XL Super Cab 2WD | $342 | $714 | $484 | $28 | $144 | $1,712 | $143 |
| F-250 XLT 2WD | $342 | $714 | $484 | $28 | $144 | $1,712 | $143 |
| F-250 XL 4WD | $342 | $606 | $536 | $32 | $160 | $1,676 | $140 |
| F-250 XLT Super Cab 2WD | $342 | $714 | $484 | $28 | $144 | $1,712 | $143 |
| F-250 XL Super Cab Cabela Package 2WD | $342 | $714 | $484 | $28 | $144 | $1,712 | $143 |
| F-250 XL Harley Edition 2WD | $342 | $714 | $484 | $28 | $144 | $1,712 | $143 |
| F-250 XL Crew Cab 2WD | $342 | $714 | $484 | $28 | $144 | $1,712 | $143 |
| F-250 XLT 4WD | $342 | $714 | $536 | $32 | $160 | $1,784 | $149 |
| F-250 XL Cabela Package 4WD | $342 | $714 | $536 | $32 | $160 | $1,784 | $149 |
| F-250 XL Crew Cab 4WD | $342 | $714 | $536 | $32 | $160 | $1,784 | $149 |
| F-250 XL Super Cab 4WD | $342 | $714 | $536 | $32 | $160 | $1,784 | $149 |
| F-250 XL Crew Cab Cabela Package 2WD | $342 | $822 | $484 | $28 | $144 | $1,820 | $152 |
| F-250 XL Super Cab Harley Edition 2WD | $342 | $822 | $484 | $28 | $144 | $1,820 | $152 |
| F-250 XL Turbo Diesel 2WD | $342 | $822 | $484 | $28 | $144 | $1,820 | $152 |
| F-250 King Ranch Crew Cab 2WD | $342 | $822 | $484 | $28 | $144 | $1,820 | $152 |
| F-250 XLT Crew Cab 2WD | $342 | $822 | $484 | $28 | $144 | $1,820 | $152 |
| F-250 XL Super Cab Cabela Package 4WD | $380 | $714 | $536 | $32 | $160 | $1,822 | $152 |
| F-250 XLT Super Cab 4WD | $380 | $714 | $536 | $32 | $160 | $1,822 | $152 |
| F-250 XL Harley Edition 4WD | $380 | $714 | $536 | $32 | $160 | $1,822 | $152 |
| F-250 King Ranch Crew Cab 4WD | $380 | $714 | $536 | $32 | $160 | $1,822 | $152 |
| F-250 Lariat Crew Cab 2WD | $380 | $822 | $484 | $28 | $144 | $1,858 | $155 |
| F-250 XL Super Cab Turbo Diesel 2WD | $380 | $822 | $484 | $28 | $144 | $1,858 | $155 |
| F-250 XL Crew Cab Harley Edition 2WD | $380 | $822 | $484 | $28 | $144 | $1,858 | $155 |
| F-250 XL Crew Cab Turbo Diesel 2WD | $380 | $822 | $484 | $28 | $144 | $1,858 | $155 |
| F-250 Lariat Super Cab 2WD | $380 | $822 | $484 | $28 | $144 | $1,858 | $155 |
| F-250 XL Super Cab Cabela Turbo Diesel 2WD | $380 | $822 | $484 | $28 | $144 | $1,858 | $155 |
| F-250 XLT Turbo Diesel 2WD | $380 | $822 | $484 | $28 | $144 | $1,858 | $155 |
| F-250 XL Cabela Turbo Diesel 2WD | $380 | $822 | $484 | $28 | $144 | $1,858 | $155 |
| F-250 XLT Turbo Diesel 4WD | $380 | $714 | $536 | $32 | $160 | $1,822 | $152 |
| F-250 XLT Crew Cab 4WD | $380 | $714 | $536 | $32 | $160 | $1,822 | $152 |
| F-250 XL Super Cab Turbo Diesel 4WD | $380 | $714 | $536 | $32 | $160 | $1,822 | $152 |
| F-250 XL Crew Cab Harley Edition 4WD | $380 | $714 | $536 | $32 | $160 | $1,822 | $152 |
| F-250 XL Cabela Turbo Diesel 4WD | $380 | $714 | $536 | $32 | $160 | $1,822 | $152 |
| F-250 XL Crew Cab Turbo Diesel 4WD | $380 | $714 | $536 | $32 | $160 | $1,822 | $152 |
| F-250 Lariat Super Cab 4WD | $380 | $714 | $536 | $32 | $160 | $1,822 | $152 |
| F-250 XL Turbo Diesel 4WD | $380 | $714 | $536 | $32 | $160 | $1,822 | $152 |
| F-250 XL Super Cab Harley Edition 4WD | $380 | $714 | $536 | $32 | $160 | $1,822 | $152 |
| F-250 XLT Super Cab Turbo Diesel 2WD | $380 | $822 | $484 | $28 | $144 | $1,858 | $155 |
| F-250 XL Harley Turbo Diesel 2WD | $380 | $822 | $484 | $28 | $144 | $1,858 | $155 |
| F-250 King Ranch Crew Cab Turbo Diesel 2WD | $380 | $822 | $484 | $28 | $144 | $1,858 | $155 |
| F-250 XL Super Cab Harley Turbo Diesel 2WD | $380 | $822 | $484 | $28 | $144 | $1,858 | $155 |
| F-250 XLT Crew Cab Turbo Diesel 2WD | $380 | $822 | $484 | $28 | $144 | $1,858 | $155 |
| F-250 XL Crew Cab Harley Turbo Diesel 2WD | $380 | $822 | $484 | $28 | $144 | $1,858 | $155 |
| F-250 XL Crew Cab Cabela Turbo Diesel 2WD | $380 | $822 | $484 | $28 | $144 | $1,858 | $155 |
| F-250 Lariat Super Cab Turbo Diesel 2WD | $380 | $822 | $484 | $28 | $144 | $1,858 | $155 |
| F-250 Lariat Crew Cab 4WD | $380 | $822 | $536 | $32 | $160 | $1,930 | $161 |
| F-250 King Ranch Crew Cab Turbo Diesel 4WD | $380 | $822 | $536 | $32 | $160 | $1,930 | $161 |
| F-250 XL Super Cab Cabela Turbo Diesel 4WD | $380 | $822 | $536 | $32 | $160 | $1,930 | $161 |
| F-250 XLT Super Cab Turbo Diesel 4WD | $380 | $822 | $536 | $32 | $160 | $1,930 | $161 |
| F-250 Cabela Crew Cab 4WD | $380 | $822 | $536 | $32 | $160 | $1,930 | $161 |
| F-250 XL Harley Turbo Diesel 4WD | $380 | $822 | $536 | $32 | $160 | $1,930 | $161 |
| F-250 XLT Crew Cab Turbo Diesel 4WD | $380 | $822 | $536 | $32 | $160 | $1,930 | $161 |
| F-250 Lariat Crew Cab Turbo Diesel 2WD | $380 | $930 | $484 | $28 | $144 | $1,966 | $164 |
| F-250 Lariat Crew Cab Turbo Diesel 4WD | $420 | $822 | $536 | $32 | $160 | $1,970 | $164 |
| F-250 XL Super Cab Harley Turbo Diesel 4WD | $420 | $822 | $536 | $32 | $160 | $1,970 | $164 |
| F-250 Lariat Super Cab Turbo Diesel 4WD | $420 | $822 | $536 | $32 | $160 | $1,970 | $164 |
| F-250 XL Crew Cab Harley Turbo Diesel 4WD | $420 | $822 | $536 | $32 | $160 | $1,970 | $164 |
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Cost estimates assume single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Rate quotes do not factor in specific Minneapolis garaging location which can lower or raise coverage rates significantly.
Insurance cost for men versus women in Minneapolis
The chart below compares Ford F-250 premium costs for male and female drivers. The rates are based on no tickets, no at-fault accidents, comprehensive and collision coverage, $100 deductibles, drivers are not married, and no discounts are applied to the premium.
Should you buy full coverage?
The information below shows the difference between Ford F-250 insurance rates when comparing full coverage to state minimum liability only. The prices are based on a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.
When to stop buying full coverage
There is no clear-cut formula of when to eliminate comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.
For example, let’s assume your Ford F-250 book value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company will settle for is $3,000 after paying your deductible. If you are currently paying more than $300 annually for physical damage coverage, then you may want to consider only buying liability coverage.
There are some scenarios where dropping full coverage is not recommended. If you still have a loan on your vehicle, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not buy liability only.
Minneapolis insurance discounts for a Ford F-250
Car insurance companies don’t always list every discount very clearly, so the following is a list of a few of the more common and the more hidden ways to save on car insurance.
- Military Rewards – Being deployed with a military unit could mean lower car insurance rates.
- No Claims – Good drivers with no accidents get the best car insurance rates when compared with bad drivers.
- Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn lower car insurance rates if you buy auto and life insurance together.
- Responsible Driver Discount – Drivers without accidents can get discounts for up to 45% lower rates as compared to drivers with claims.
- Sign Online – A few larger online companies will discount your bill up to fifty bucks for completing your application on their website.
- Discount for Low Mileage – Driving less may enable drivers to earn better car insurance rates on cars that stay parked.
- Homeowners Savings – Owning a house in Minneapolis can save a few bucks since owning and maintaining a home shows financial diligence.
- Payment Discounts – By making one initial payment rather than paying monthly you can actually save on your bill.
- Discount for Good Grades – Maintaining excellent grades can save 20 to 25%. The discount lasts up until you turn 25.
One last thing about discounts, most discounts do not apply to all coverage premiums. Most cut the price of certain insurance coverages like physical damage coverage or medical payments. If you do the math and it seems like all those discounts means the company will pay you, it doesn’t quite work that way. But any discount will help reduce your overall bill.
The diagram below illustrates the difference between Ford F-250 premium costs with and without discounts. The costs are based on a male driver, no claims, a clean driving record, Minnesota state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, homeowner, marriage, multi-policy, and multi-car discounts applied.
A list of companies and the discounts they provide are included below.
- Farm Bureau offers discounts for multi-vehicle, good student, safe driver, driver training, renewal discount, 55 and retired, and youthful driver.
- Liberty Mutual discounts include new vehicle discount, multi-car, exclusive group savings, newly retired, multi-policy, and safety features.
- State Farm includes discounts for good student, student away at school, accident-free, safe vehicle, and Drive Safe & Save.
- Auto-Owners Insurance has savings for anti-lock brakes, paid in full, multiple vehicles, teen driver, and mature driver.
- GEICO offers discounts including seat belt use, multi-vehicle, good student, multi-policy, and air bags.
- SAFECO may have discounts that include teen safe driver, safe driver, homeowner, accident prevention training, multi-car, and drive less.
Check with every company what discounts are available to you. Some credits might not be offered on policies in every state.
Minneapolis car insurance companies ranked
Insuring your vehicle with a good quality car insurance company can be a challenge considering how many choices you have in Minneapolis. The company rank data shown below can help you analyze which auto insurance companies you want to consider when shopping around.
Top 10 Minneapolis Car Insurance Companies Ranked by Claims Service
- Progressive
- Travelers
- Liberty Mutual
- Nationwide
- USAA
- AAA Insurance
- GEICO
- Safeco Insurance
- Mercury Insurance
- Esurance
Be persistent to save money
Lower-priced insurance in Minneapolis can be sourced from both online companies and also from your neighborhood Minneapolis agents, so you need to quote Minneapolis auto insurance with both so you have a total pricing picture. Some companies may not provide the ability to get quotes online and most of the time these smaller companies provide coverage only through local independent agents.
We covered a lot of techniques to reduce Ford F-250 insurance rates online in Minneapolis. The most important thing to understand is the more quotes you get, the higher the chance of saving money. You may even discover the lowest priced insurance comes from a small mutual company.
When getting Minneapolis auto insurance quotes online, don’t be tempted to skimp on coverage in order to save money. In many instances, someone dropped full coverage and learned later that it was a big error on their part. Your focus should be to buy enough coverage at the lowest possible cost, but do not sacrifice coverage to save money.
For more information, take a look at these articles:
- Prom Night Tips for Teen Drivers (State Farm)
- Who Has the Cheapest Car Insurance for Drivers with Accidents in Minneapolis? (FAQ)
- Who Has Cheap Minneapolis Auto Insurance Rates for Used Cars? (FAQ)
- Who Has Cheap Auto Insurance Quotes for College Graduates in Minneapolis? (FAQ)
- What Car Insurance is Cheapest for a Nissan Altima in Minneapolis? (FAQ)
- Who Has the Cheapest Car Insurance for Infrequent Drivers in Minneapolis? (FAQ)
- How Much is Minneapolis Car Insurance for a Nissan Sentra? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Retired Military in Minneapolis? (FAQ)
- What Car Insurance is Cheapest for a Toyota 4Runner in Minneapolis? (FAQ)
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)
- Speed and Speed Limit FAQ (iihs.org)
- When is the Right Time to Switch Car Insurance Companies? (Allstate)