Cheapest Ford Ranger Insurance in El Paso

How many times have you said it’s time to compare more competitive Ford Ranger insurance in El Paso? Nobody I know looks forward to paying premiums for insurance, especially knowing they are paying too much.

Unfortunately, the vast majority of consumers have remained with the same insurance company for more than four years, and almost half have never shopped around. With the average premium in Texas being $2,680, drivers can cut their rates by approximately 70% a year, but most just don’t grasp the amount of money they would save if they switched to a cheaper policy.

How to find low-cost rates for Ford Ranger insurance in El Paso

If your goal is the lowest price, then the best way to get affordable car insurance rates is to compare prices once a year from providers who can sell car insurance in El Paso. You can compare prices by completing these steps.

1. Spend a few minutes and learn about policy coverages and the measures you can take to keep rates down. Many things that result in higher rates like at-fault accidents and an unfavorable credit rating can be improved by making minor changes in your lifestyle.
2. Quote rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give prices from a single company like GEICO and State Farm, while independent agencies can quote prices for a wide range of companies. View companies
3. Compare the price quotes to your current policy and determine if cheaper Ranger coverage is available. If you can save some money and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.

An essential thing to point out is that you’ll want to make sure you compare the same level of coverage on each quote and and to get rate quotes from as many different companies as possible. This guarantees a fair price comparison and a better comparison of the market.

There is such a variety of insurers to purchase coverage from, and though it is a good thing to have multiple companies, too many choices makes it more difficult to adequately compare rates for Ford Ranger insurance in El Paso.

Cheap companies for Ford Ranger insurance

The auto insurance companies shown below can provide price comparisons in Texas. If multiple companies are listed, we recommend you compare several of them in order to get a fair rate comparison.

Ford Ranger insurance rates and statistics

The rate table below outlines different coverage costs for Ford Ranger models. Being aware of how premiums are established can be valuable when making smart choices when comparing insurance rates.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Rates do not factor in specific location which can decrease or increase coverage rates considerably.

Where to set your deductibles

One of the more difficult decisions when buying auto insurance is how high or low should comp and collision deductibles be. The figures shown below sum up the cost difference when you choose different insurance deductibles. The first rate estimation uses a $100 deductible and the second price chart uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Rate information does not factor in zip code location which can change coverage prices significantly.

Based on the data above, we can derive that using a $100 deductible costs about $34 more each month or $408 for a full year than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you go at a minimum 26 months between claim filings, you would probably save some money if you decide on a higher deductible.

Full coverage versus liability-only in El Paso

The information below compares Ford Ranger annual premium costs with full physical damage coverage and with liability coverage only. The costs are based on a clean driving record, no claims, $100 deductibles, drivers are single, and no discounts are applied to the premium.

When to stop buying full coverage

There is no definitive rule to stop paying for full coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is about 10% or more of the settlement you would receive from your company, then it might be time to buy liability only.

For example, let’s assume your Ford Ranger book value is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $8,000 after the policy deductible has been paid. If you are paying over $800 annually for comprehensive and collision coverage, then you might consider buying liability only.

There are a few cases where eliminating full coverage is not in your best interest. If you still owe a portion of the original loan, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should keep full coverage.

Insurance Price Influencing Factors

Smart consumers have a good feel for the different types of things that play a part in calculating your policy premiums. When you understand what impacts premium levels, this enables informed choices that can help you get cheaper rates. Many different elements are taken into consideration when pricing auto insurance. Most are fairly basic like an MVR report, but other criteria are more transparent such as your marital status and annual miles driven.

• Lower premiums for safer cars – Cars with high safety ratings get lower rates. Vehicles engineered for safety result in less severe injuries and lower rates of occupant injuries means your insurance company pays less and thus lower rates. If your Ford Ranger is rated at a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.

• Insurance is expensive for teenage drivers – Drivers with little experience are known to be less responsible when at the wheel of a vehicle therefore insurance rates are much higher. Adding a beginning driver to your insurance policy can really hurt. Mature drivers are viewed as being more responsible, are lower risk to insure, and receive fewer citations.

  The next chart uses these assumptions: single driver, full coverage with $250 deductibles, and no discounts or violations.

• Obey driving laws and save – Just one driving citation can increase rates twenty percent or more. Good drivers get better prices as compared to those with violations. People who have flagrant violations like reckless driving or DUI may need to complete a SR-22 with their state in order to drive a vehicle legally.

  The diagram below shows how violations and at-fault claims impact Ford Ranger annual premium costs for each different age group. The costs are based on a single female driver, full coverage, $500 deductibles, and no policy discounts are applied.

• Liability coverage is cheap – The liability coverage on your policy will afford coverage if ever you are ruled to be at fault for damages caused by your negligence. Liability insurance provides legal defense coverage up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so buy as much as you can afford.
• Your address can impact price – Choosing to live in less populated areas can save you money when talking about insurance. People who live in big cities have to deal with more auto accidents and more severe claims. Fewer drivers corresponds to lower accident rates in addition to lower liability claims.
• Continuous insurance coverage saves money – Allowing your coverage to lapse will be a sure-fire way to increase your renewal premiums. Not only will you pay higher rates, being ticketed for driving with no insurance can result in a revoked license or a big fine.
• Incidental coverages that may not be needed – There are a lot of add-on coverages that you can get tricked into buying on your insurance policy. Coverage for things like roadside assistance, death and dismemberment, and extra life insurance coverage may not be needed and are just wasting money. They may seem like a good idea when buying your policy, but your money might be better spent on other coverage so remove them and pocket the money.
• Rates can be impacted by your employer – Did you know your job can affect your rates? Careers like fire fighters, social workers, and emergency personnel usually pay higher premiums than the average policyholder due to intense work situations and lengthy work days. On the other hand, careers like actors, athletes and homemakers have the lowest average rates.

Get lower-cost Ford Ranger insurance in El Paso with discounts

Companies offering auto insurance don’t always publicize every discount they offer very well, so the list below gives a summary of both well-publicized in addition to some of the lesser obvious credits available to you.

• Accident Waiver – Not a discount per se, but a handful of insurance companies allow you one accident without getting socked with a rate hike if you have no claims for a specific time period.
• Auto/Life Discount – Larger companies have a discounted insurance rate on car insurance if you buy life insurance.
• Mature Driver Discount – If you’re over the age of 55, you may be able to get a slight reduction on a El Paso car insurance quote.
• No Accidents – Insureds who avoid accidents and claims pay much less in comparison with bad drivers.
• Theft Deterrent Discount – Anti-theft and alarm system equipped vehicles can help prevent theft and will qualify for a discount on a El Paso car insurance quote.
• Braking Control Discount – Cars, trucks, and SUVs equipped with ABS or steering control are safer to drive and therefore earn up to a 10% discount.

Discounts save money, but please remember that many deductions do not apply to the entire cost. Most only reduce individual premiums such as liability and collision coverage. So even though you would think all the discounts add up to a free policy, it doesn’t quite work that way. Any amount of discount will help reduce your insurance premiums.

The diagram below shows the comparison of Ford Ranger insurance premiums with and without discounts applied to the rates. The costs are based on a female driver, no accidents, no driving violations, Texas state minimum liability limits, full coverage, and $250 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, safe-driver, homeowner, and marriage discounts applied.

The best insurance companies and a partial list of their discounts are included below.

• State Farm may have discounts that include Drive Safe & Save, good driver, Steer Clear safe driver discount, passive restraint, and good student.
• Nationwide offers premium reductions for family plan, Farm Bureau membership, good student, multi-policy, and accident-free.
• GEICO has discounts for driver training, anti-lock brakes, five-year accident-free, daytime running lights, membership and employees, and emergency military deployment.
• AAA may include discounts for anti-theft, good student, education and occupation, pay-in-full, good driver, and multi-policy.
• 21st Century policyholders can earn discounts including student driver, early bird, 55 and older, homeowners, air bags, automatic seat belts, and good student.
• The Hartford discounts include vehicle fuel type, good student, anti-theft, defensive driver, and bundle.

When getting a coverage quote, ask every prospective company which discounts you qualify for. Some credits may not apply to policyholders in El Paso. If you would like to choose from a list of companies with discount rates in El Paso, click here to view.

Local El Paso auto insurance agents

A lot of people still prefer to go talk to an agent and that is recommended in a lot of cases Professional insurance agents are highly skilled in risk management and give you someone to call. The best thing about comparing insurance prices online is that you can obtain cheaper rates and still have a local agent. Putting coverage with local agencies is still important in El Paso.

To help locate an agent, after submitting this form (opens in new window), your information is emailed to local insurance agents who will return price quotes to get your business. There is no need to leave your computer due to the fact that quote results will go to your email. If you have a need to get a price quote from a specific car insurance provider, you can always navigate to their website and fill out their quote form.

When researching a reputable agency, there are two different types of agents and how they differ in how they can insure your vehicles. Agents in El Paso can be described as either independent agents or exclusive agents depending on their employer. Both types of agents can insure your vehicles properly, but it is a good idea to know the differences since it can impact the selection process.

Independent Car Insurance Agents (or Brokers)

These type of agents are not required to write business for one company so they have the ability to put coverage through many different car insurance companies and get the cheapest rates. To move your coverage to a new company, your policy is moved internally which makes it simple for you.

If you are comparing rate quotes, we recommend you include rate quotes from independent agents to have the most options to choose from.

Listed below is a partial list of independent agencies in El Paso who may provide cheap rate quotes.

More insurance agents

Exclusive Insurance Agents

These type of agents can only provide one company’s prices such as Farmers Insurance or State Farm. These agents are not able to shop your coverage around so you might not find the best rates. Exclusive agents receive a lot of sales training on their products and sales techniques which helps them sell insurance even at higher premiums.

The following is a short list of exclusive agents in El Paso who can help you get price quotes.

More insurance agents

Choosing an auto insurance agent is decision based upon more than just a cheap quote. Here are some questions you should ask.

• If you are a high risk driver, do they have special markets for your coverage?
• Do they have 24-hour customer assistance?
• Who are their largest clients?
• Does their agency support local causes in El Paso?
• Are there any hidden costs in their price quote and does it include driving and credit history?
• How much training do they have in personal risk management?

Once you have positive feedback to all your questions as well as a affordable price, it’s a good possibility that you have found a car insurance agent that meets your needs to service your policy.

When in doubt talk to an agent

When selecting the right insurance coverage, there isn’t really a one-size-fits-all type of policy. Everyone’s needs are different.

For example, these questions might help in determining whether your personal situation might need professional guidance.

• Can my teen drive my company car?
• Do I need PIP (personal injury protection) coverage in Texas?
• Should I have combined single limit or split liability limits?
• What happens if I owe more than my Ford Ranger is worth?
• What is the premium to book value ratio for dropping full coverage?
• Will my rates increase for filing one claim?
• Does my car insurance cover rental cars?
• Is there a penalty for late payment?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form. It’s fast, doesn’t cost anything and can help protect your family.

Smart consumers save more

When trying to cut insurance costs, you should never skimp on critical coverages to save a buck or two. In many cases, drivers have reduced uninsured motorist or liability limits and learned later they didn’t purchase enough coverage. Your objective should be to buy the best coverage you can find for the lowest price.

Drivers change insurance companies for any number of reasons including delays in paying claims, unfair underwriting practices, high rates after DUI convictions and even delays in responding to claim requests. Regardless of your reason for switching companies, finding a new car insurance company is actually quite simple.

Some car insurance companies may not offer the ability to get quotes online and usually these smaller companies prefer to sell through independent insurance agencies. Low-cost Ford Ranger insurance in El Paso is attainable from both online companies in addition to local insurance agencies, and you need to price shop both in order to have the best price selection to choose from.

How to buy cheaper Ford Ranger insurance in El Paso

Really, the only way to get discount Ford Ranger insurance in El Paso is to do a yearly price comparison from different companies that insure vehicles in Texas.

Step 1: Get an understanding of what coverages are included in your policy and the modifications you can make to keep rates down. Many things that drive up the price like traffic tickets, fender benders, and a bad credit rating can be controlled by making small lifestyle or driving habit changes.

Step 2: Get rate quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only provide price estimates from a single company like GEICO and Allstate, while independent agencies can give you price quotes from many different companies.

Step 3: Compare the new rate quotes to your current policy premium to determine if you can save on Ranger insurance in El Paso. If you find a lower rate and switch companies, make sure coverage does not lapse between policies.

An essential thing to point out is to use the same deductibles and limits on each quote and and to analyze as many auto insurance providers as possible. Doing this ensures a fair rate comparison and many rates to choose from.

Additional car insurance information is available at these links:

• Smart Auto Insurance Tips (Insurance Information Institute)
• When is the Right Time to Switch Car Insurance Companies? (Allstate)
• Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
• Should I Buy a New or Used Car? (Allstate)
• Can I Drive Legally without Insurance? (Insurance Information Institute)