Drivers who just recently started comparing insurance rates on the internet are likely to find buying low cost Ford Transit Connect insurance can be quite challenging.
Steps to buying lower priced Ford Transit Connect insurance in Laredo
The best way to save on Ford Transit Connect insurance in Laredo is to do a yearly price comparison from companies in Texas.
First, try to learn about coverages and the modifications you can make to drop your rates. Many policy risk factors that are responsible for high rates such as traffic violations and a poor credit score can be controlled by paying attention to minor details. Continue reading for ideas to find cheap prices and find overlooked discounts.
Second, quote rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like GEICO or Allstate, while independent agencies can provide rate quotes for many different companies. View prices
Third, compare the new rate quotes to the premium of your current policy to see if cheaper Transit Connect coverage is available. If you find a lower rate and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
A tip to remember is to make sure you enter the same physical damage deductibles and liability limits on every quote request and and to get quotes from as many different companies as possible. Doing this guarantees a fair price comparison and a thorough selection of prices.
It’s safe to assume that insurance companies want to keep you from comparing prices. Drivers who do rate comparisons will presumably switch companies because there is a high probability of finding better rates. A study discovered that consumers who regularly shopped around saved on average $865 annually compared to drivers who didn’t regularly shop around.
If finding the cheapest price for Ford Transit Connect insurance in Laredo is your ultimate target, then having a grasp of how to shop and compare insurance coverage can help simplify the process.
The intent of this article is to introduce you to how to compare rates easily and some money-saving tips. If you are paying for car insurance now, you will be able to buy cheaper car insurance using the techniques presented in this article. But Texas drivers do need to know how big insurance companies determine what you pay and apply this information to your search.
The quickest method we recommend to compare car insurance rates for Ford Transit Connect insurance in Laredo is to take advantage of the fact most of the larger companies provide online access to compare rate quotes. To begin a comparison, all you need to do is provide a little information such as your education level, marital status, daily mileage, and if a SR-22 is needed. That information is sent automatically to many different companies and they respond with quotes instantly to find the best rate.
To compare multiple company affordable Ford Transit Connect insurance rates now, click here then complete the form.
The following companies are ready to provide quotes in Laredo, TX. If you want to find cheap auto insurance in TX, we suggest you visit several of them in order to find the most affordable rates.
Ford Transit Connect insurance analysis
The premium information displayed below showcases different insurance costs for Ford Transit Connect models. Learning how insurance prices are calculated can help customers make smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Transit Connect XL 2WD | $154 | $306 | $388 | $24 | $116 | $988 | $82 |
| Transit Connect XLT 2WD | $154 | $306 | $388 | $24 | $116 | $988 | $82 |
| Get Your Own Custom Quote Go | |||||||
Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Table data does not factor in specific location information which can increase or decrease auto insurance rates significantly.
Should you raise deductibles?
The hardest decision when buying coverage is where should you set your physical damage deductibles. The comparisons below show the differences in price when you buy lower versus higher comp and collision deductibles. The first rate estimation uses a $100 deductible and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Transit Connect XL 2WD | $286 | $592 | $382 | $22 | $114 | $1,421 | $118 |
| Transit Connect XLT 2WD | $286 | $592 | $382 | $22 | $114 | $1,421 | $118 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Transit Connect XL 2WD | $208 | $400 | $382 | $22 | $114 | $1,126 | $94 |
| Transit Connect XLT 2WD | $208 | $400 | $382 | $22 | $114 | $1,126 | $94 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Rate quotes do not factor in Laredo location which can increase or decrease rates significantly.
Based on the data above, we can derive that using a $100 deductible costs about $24 more each month or $288 annually than requesting the higher $500 deductible. Because you would pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to have more than 17 months between claims, you would come out ahead by selecting a higher deductible.
How to determine if a higher deductible is a good idea
| Average monthly premium for $100 deductibles: | $118 |
| Average monthly premium for $500 deductibles (subtract): | – $94 |
| Monthly savings from raising deductible: | $24 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $24 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 17 months |
Careless Laredo drivers pay higher rates
The example below illustrates how violations and at-fault fender-benders can impact Ford Transit Connect annual premium costs for each age group. The information is based on a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are taken into consideration.
Male drivers compared to female drivers
The diagram below shows the comparison of Ford Transit Connect insurance costs for male and female drivers. The information is based on no tickets, no at-fault accidents, full physical damage coverage, $500 deductibles, drivers are not married, and no discounts are taken into consideration.
Don’t overlook these Ford Transit Connect insurance discounts
Some insurance providers don’t necessarily list every discount available very clearly, so the next list breaks down a few of the more common and the harder-to-find discounts that you can inquire about if you buy Laredo car insurance online.
- Military Discounts – Having an actively deployed family member may lower your prices slightly.
- Seat Belts Save – Requiring all passengers to buckle their seat belts can save up to 15% on the premium charged for medical payments and/or PIP.
- One Accident Forgiven – This one isn’t a discount, but certain companies will allow you to have one accident before your rates go up if you have no claims before the accident.
- Government Employees – Having worked for a branch of the government could provide a small rate reduction but check with your company.
- Professional Memberships – Being in specific professional or occupational memberships or organizations is a good way to get lower rates on your next car insurance statement.
- Anti-lock Brakes – Cars, trucks, and SUVs with ABS braking systems or traction control can stop better under adverse conditions and the ABS can save up to 10%.
We need to note that some credits don’t apply to the entire cost. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. So even though it sounds like all those discounts means the company will pay you, car insurance companies aren’t that generous.
The example below compares Ford Transit Connect insurance costs with and without discounts applied to the policy premium. The prices are based on a male driver, no accidents, no driving violations, Texas state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-policy, safe-driver, multi-car, and claim-free discounts applied.
A list of companies and a selection of discounts are shown below.
- State Farm may include discounts for good driver, safe vehicle, multiple autos, defensive driving training, and anti-theft.
- Liberty Mutual discounts include newly married, safety features, new move discount, newly retired, and new vehicle discount.
- American Family includes discounts for bundled insurance, Steer into Savings, early bird, mySafetyValet, and defensive driver.
- Progressive offers discounts for online signing, continuous coverage, homeowner, good student, and online quote discount.
- Farmers Insurance offers premium reductions for pay in full, distant student, bundle discounts, switch companies, multi-car, business and professional, and good student.
- Auto-Owners Insurance may offer discounts for paid in full, paperless, mature driver, multi-policy, multiple vehicles, and safe vehicle.
- SAFECO may have discounts that include multi-car, drive less, teen safe driver, anti-lock brakes, homeowner, and safe driver.
If you want affordable Ford Transit Connect insurance quotes, ask every insurance company the best way to save money. A few discounts may not apply to policies everywhere. To locate insurers with the best discounts in Laredo, click this link.
Buying the right Transit Connect insurance in Texas is an important decision
Despite the potentially high cost of Ford Transit Connect insurance, paying for auto insurance is a good idea for several reasons.
First, just about all states have compulsory liability insurance requirements which means you are required to buy a minimum amount of liability in order to be legal. In Texas 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.
Second, if your vehicle has a lienholder, most banks will make it a condition of the loan that you buy full coverage to ensure loan repayment if the vehicle is totaled. If coverage lapses or is canceled, the bank may buy a policy for your Ford for a lot more money and force you to reimburse them the higher price.
Third, insurance safeguards both your Ford and your personal assets. It will also cover medical expenses that are the result of an accident. As part of your policy, liability insurance will also pay attorney fees in the event you are sued. If your vehicle suffers damage from an accident or hail, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.
The benefits of buying enough insurance definitely exceed the cost, especially for larger claims. An average driver in America overpays more than $750 every year so we recommend shopping around every year to save money.
Get rate quotes but buy from a local neighborhood Laredo car insurance agent
A small number of people would prefer to sit down and talk to an agent. One of the great benefits of price shopping on the web is the fact that you can find cheaper rates and also buy local. Supporting local agencies is still important in Laredo.
By using this form (opens in new window), your insurance coverage information is sent to companies in Laredo that provide free Laredo car insurance quotes for your car insurance coverage. It makes it easy because there is no need to contact an agency since rate quotes are delivered to the email address you provide. You can get cheaper car insurance rates without requiring a lot of work. If you have a need to compare prices from one company in particular, you just need to visit that company’s website and fill out the quote form the provide.
Listed below are Laredo insurance companies that may be willing to give rate quotes for Ford Transit Connect insurance in Laredo.
- Kevin Romo – State Farm Insurance Agent
7917 McPherson Rd #208 – Laredo, TX 78045 – (956) 753-9337 – View Map - Delgado Insurance Agency, LC
9902 McPherson Rd #6 – Laredo, TX 78045 – (956) 728-7377 – View Map - All Around Insurance Agency, LLC
3401 N Arkansas Ave – Laredo, TX 78043 – (956) 712-1255 – View Map - Alphasure Affordable Insurance Services
1620 Chihuahua St – Laredo, TX 78043 – (956) 729-9500 – View Map
Finding the right insurance company is decision based upon more than just a cheap price. The questions below may impact your decision as well.
- Are there any extra charges for paying monthly?
- Does the agency support the community they serve?
- Will one accident increase rates?
- How long has their agency been in business in Laredo?
- Are there any discounts that you might be missing?
- What is their Better Business Bureau rating?
- Do they specialize in personal lines auto insurance in Laredo?
- Will the company cover a rental car if your car is getting fixed?
If you get positive feedback as well as offering an affordable quote, it’s a good possibility that you have found an insurance company that is reputable and can properly insure your vehicles.