Car Insurance Quotes for a Ford F-350 in Madison

Shockingly, nearly 70% of Wisconsin drivers have bought car insurance from the same company for at least the last four years, and approximately 40% of consumers have never quoted car insurance rates at all. U.S. consumers could save 46.5% each year just by getting comparison quotes, but they just don’t understand the amount of savings they would get if they moved their coverage to a different company.

Really, the only way to find low-cost prices for car insurance rates is to do a yearly price comparison from providers who provide car insurance in Madison. This can be done by completing these steps.

1. Gain an understanding of how insurance companies determine prices and the measures you can control to drop your rates. Many risk factors that result in higher rates such as careless driving and a poor credit score can be rectified by making lifestyle changes or driving safer. Later in this article we will cover additional ideas to get cheaper rates and get additional discounts that may be available.
2. Get rate quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only quote rates from one company like Progressive or State Farm, while independent agents can give you price quotes from multiple insurance companies.
3. Compare the new rate quotes to your existing coverage to see if switching to a new carrier will save money. If you can save money and switch companies, make sure there is no coverage gap between policies.
4. Notify your current company to cancel your current car insurance policy. Submit payment along with a signed and completed policy application to the new company. As soon as coverage is bound, keep your new certificate verifying proof of insurance in an accessible location in your vehicle.

The critical component of shopping around is to try to compare similar limits and deductibles on every price quote and and to get rate quotes from as many companies as possible. This enables a level playing field and a better comparison of the market.

Locating the best rates in Madison is not that difficult as long as you know where to start. If you have a policy now, you will be able to lower your rates using the techniques covered below. Nevertheless, Wisconsin drivers benefit from understanding how the larger insurance companies determine what you pay and use it to find better rates.

When shopping for low cost Madison auto insurance quotes, there are a couple of ways to compare rate quotes from companies that offer insurance in Wisconsin. The best method to find the cheapest Ford F-350 insurance rates is to get quotes online.

Doing online rates comparisons is so easy that it makes it obsolete to spend your day driving to local insurance agencies. The internet makes this process obsolete unless your situation requires the professional assistance only provided by licensed agents. Drivers can comparison shop online but have your policy serviced through an agent.

When price shopping your coverage, getting more free quotes provides better odds of finding more affordable insurance.

The following companies have been selected to offer quotes in Madison, WI. If you want the best car insurance in Madison, we recommend you visit as many as you can to get a more complete price comparison.

Ford F-350 detailed coverage information

The coverage table displayed next showcases different insurance policy prices for Ford F-350 models. Having a good understanding how auto insurance policy rates are determined helps drivers make decisions on which coverage to buy.

Price data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Premium amounts do not factor in Madison location which can lower or raise coverage prices significantly.

Liability only or full coverage

The chart below shows the comparison of Ford F-350 insurance costs with full coverage compared to only the Wisconsin minimum liability coverage. The premiums are based on no claims or driving citations, $100 deductibles, single status, and no additional discounts are factored in.

When to switch to liability coverage only

There is no written rule for eliminating physical damage insurance, but there is a general school of thought. If the annual cost of your full coverage insurance is more than around 10% of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.

For example, let’s assume your Ford F-350 book value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, you would only receive $2,000 after the policy deductible has been paid. If premiums are more than $200 a year for your policy with full coverage, then it might be time to buy liability only.

There are some scenarios where dropping full coverage is not in your best interest. If you still have a lienholder on your title, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should keep full coverage on your policy.

Learn How to Quote Insurance Cheaper

When buying insurance it’s important to understand some of the factors that come into play when calculating your premiums. If you know what influences your rates, this enables you to make decisions that could result in lower premium levels.

• What are good liability limits? – Your policy’s liability coverage will provide protection when you are found liable for physical damage or personal injury to other. This coverage provides for a legal defense which can cost a lot. It is affordable coverage as compared to coverage for physical damage, so drivers should make sure they buy enough to cover all assets.
• Claim-free discounts can add up – If you file claims often, don’t be surprised to see increased rates or even have your policy non-renewed. Car insurance companies in Wisconsin give the lowest premiums to people who are claim-free. Your car insurance is designed for claims that you cannot pay yourself.

• With age comes lower premiums – Young drivers in Wisconsin have been known to be more careless when behind the wheel so insurance rates are higher. Older drivers are more cautious drivers, are lower risk to insure, and get fewer tickets.

  The next chart uses these assumptions: single driver, full coverage with $100 deductibles, and no discounts or violations.

• Obey driving laws and save – Even a single moving violation could increase your next policy renewal twenty percent or more. Careful drivers get better rates compared to bad drivers. Drivers unfortunate enough to have dangerous tickets like DUI or willful reckless driving may be required to submit a SR-22 form with their state in order to drive a vehicle legally.

  The illustration below demonstrates how citations and at-fault fender-benders can increase Ford F-350 insurance premiums for each age group. The data is based on a married female driver, comp and collision included, $250 deductibles, and no discounts are taken into consideration.

• Extra policy coverages you don’t use – Policies have additional extra coverages that may not really be needed on your insurance policy. Coverages like coverage for rental cars, towing coverage, and additional equipment coverage may be wasting your money. The coverages may be enticing when buying your policy, but your money might be better spent on other coverage so consider taking them off your policy.
• Where do you drive? – The more you drive in a year’s time the higher your rates will be. The majority of insurers calculate prices based on how the vehicle is used. Vehicles that are left in the garage get more affordable rates than vehicles that have high annual mileage. Double check that your insurance policy is rated on the correct usage, because improper ratings can cost you money. An improperly rated F-350 may be costing you higher rates.
• What are your comp and collision deductibles? – Protection for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your vehicle. Examples of some claims that would be covered would be a broken side mirror, damage from fire, and having your car stolen. Your deductibles are how much you are required to spend before your insurance pays a claim. The more of the claim you’re willing to pay, the less money you will pay for insurance.

• Insurance losses for a Ford F-350 – Insurance companies use past insurance losses when setting premium rates. Models that have higher frequency or amount of claims will have a higher premium rate. The table below illustrates the compiled insurance loss statistics for Ford F-350 vehicles.

  For each coverage type, the statistical loss for all vehicles averaged together is considered to be 100. Percentage values below 100 suggest a positive loss record, while numbers that are greater than 100 indicate higher probability of having a loss or an increased chance of larger losses than average.

  
  

  Ford F-350 Insurance Loss Statistics

  Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Ford F-350 4WD	78		54
  Ford F-350 SuperCab 4WD	66	90	98
  Ford F-350 SuperCrew 2WD	108		232
  Ford F-350 SuperCrew 4WD	96	134	179	47	44	90

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics from IIHS.org for 2013-2015 Model Years

Three good reasons to insure your Ford F-350

Despite the fact that car insurance is not cheap in Madison, insurance is required by state law in Wisconsin and it also provides benefits you may not be aware of.

• Just about all states have mandatory liability insurance requirements which means it is punishable by state law to not carry a minimum amount of liability in order to drive the car legally. In Wisconsin these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you have a lien on your vehicle, almost all lenders will make it a condition of the loan that you have physical damage coverage to protect their interest in the vehicle. If you do not pay your insurance premiums, the bank will be required to insure your Ford for a much higher rate and require you to reimburse them for the much more expensive policy.
• Insurance safeguards both your vehicle and your assets. It will also reimburse you for medical transport and hospital expenses for yourself as well as anyone injured by you. As part of your policy, liability insurance also covers all legal expenses up to the policy limit if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive coverages will pay to restore your vehicle to like-new condition.

The benefits of having insurance are definitely more than the cost, especially when you need to use it. Today the average American driver overpays as much as $750 every year so it’s very important to do a rate comparison every year to save money.