Cheap Ford Transit Connect Insurance in Chandler

Discount Ford Transit Connect insuranceIf saving money is your primary concern, then the best way to find cheaper quotes for Ford Transit Connect insurance in Chandler is to start doing an annual price comparison from providers that insure vehicles in Arizona.

Step 1: Get a basic knowledge of what is in your policy and the measures you can control to keep rates low. Many things that cause rate increases such as tickets, at-fault accidents, and a not-so-good credit score can be remedied by making lifestyle changes or driving safer.

Step 2: Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give prices from one company like Progressive or Allstate, while independent agencies can provide prices for a wide range of insurance providers.

Step 3: Compare the new rate quotes to your existing rates to see if cheaper Transit Connect coverage is available. If you find a lower rate quote and switch companies, ensure coverage does not lapse between policies.

Step 4: Tell your current company of your decision to cancel your existing policy and submit a completed application and payment to the new insurer. Once coverage is bound, put the certificate verifying proof of insurance in your glove compartment.

An important bit of advice to remember is to try to use similar coverage information on every quote and and to look at as many car insurance companies as possible. Doing this enables a level playing field and a complete selection of prices.

It’s easy to assume that car insurance companies don’t want policyholders to shop around. Drivers who compare rates at least once a year will most likely move their business because there is a high probability of finding a more affordable policy premium. A recent car insurance study revealed that consumers who compared prices once a year saved as much as $70 a month as compared to drivers who don’t make a habit of comparing rates.

If finding the lowest price for auto insurance in Chandler is your target objective, then learning a little about how to get free comparison quotes and analyze insurance can make it easier for you to save money.

Ford Transit Connect insurance rates and statistics

The rate information displayed next highlights detailed analysis of rate quotes for Ford Transit Connect models. Having a better idea how auto insurance prices are established can benefit drivers when making smart choices when purchasing an insurance policy.

Ford Transit Connect Insurance Rates in Chandler, AZ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Transit Connect XL 2WD $194 $456 $338 $20 $102 $1,110 $93
Transit Connect XLT 2WD $194 $456 $338 $20 $102 $1,110 $93
Get Your Own Custom Quote Go

Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Price estimates do not factor in your specific Chandler location which can decrease or increase rates greatly.

Comparison of policy deductibles

When shopping for insurance, a common question is where to set your physical damage deductibles. The data tables below lay out the differences in price between high and low physical damage deductibles. The first set of rates uses a $250 deductible for physical damage and the second price grid uses a $1,000 deductible.

Ford Transit Connect insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Transit Connect XL 2WD $202 $390 $300 $18 $90 $1,025 $85
Transit Connect XLT 2WD $202 $390 $300 $18 $90 $1,025 $85
Get Your Own Custom Quote Go

Ford Transit Connect insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Transit Connect XL 2WD $124 $246 $300 $18 $90 $778 $65
Transit Connect XLT 2WD $124 $246 $300 $18 $90 $778 $65
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Price information does not factor in specific Chandler garaging location which can revise rates considerably.

Using the data above, we can ascertain that using a $250 deductible could cost the average driver approximately $20 more each month or $240 for a full year than requesting the higher $1,000 deductible. Since you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go at least 38 months between claims, you would more than likely save some money if you decide on a higher deductible.

How to determine when to raise your deductibles

Average monthly premium for $250 deductibles: $85
Average monthly premium for $1,000 deductibles (subtract): – $65
Monthly savings from raising deductible: $20
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $20
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 38 months

One thing to note is that raising deductibles results in more money out-of-pocket when you have to file a claim. You need to have some extra funds in the event you need to pay more for the deductible.

The example below shows how different deductible levels and can impact Ford Transit Connect insurance prices for each age group. The premiums assume a married male driver, full coverage, and no discounts are applied to the premium.

Safe drivers pay less for insurance

The example below illustrates how traffic citations and at-fault claims can impact Ford Transit Connect premium costs for each age group. The premiums are based on a married female driver, full coverage, $500 deductibles, and no other discounts are factored in.

Male drivers compared to female drivers

The diagram below visualizes the comparison of Ford Transit Connect auto insurance costs for male and female drivers. The information is based on no violations or accidents, comp and collision included, $500 deductibles, single status, and no discounts are taken into consideration.

Difference between full coverage and liability only rates

The chart below illustrates the comparison of Ford Transit Connect auto insurance costs when comparing full coverage to liability only. The premiums are based on no accidents or driving violations, $100 deductibles, drivers are single, and no other discounts are factored in.

Deciding between full coverage and liability only

There isn’t a steadfast formula of when to drop physical damage insurance, but there is a general school of thought. If the annual cost of having full coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Ford Transit Connect replacement cost is $7,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would receive is $6,000 after paying your deductible. If premium cost is more than $600 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.

There are a few situations where removing full coverage is not financially feasible. If you still owe a portion of the original loan, you are required to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not consider dropping full coverage.

Save a ton on Ford Transit Connect insurance in Chandler with these nine auto insurance discounts

Car insurance can cost a lot, but you may be missing some discounts that could drop your premiums quite a bit. A few discounts will automatically apply at quote time, but a few need to be inquired about before being credited.Auto insurance discounts

Please keep in mind that most discount credits are not given to your bottom line cost. Most only cut individual premiums such as comprehensive or collision. So even though it sounds like all those discounts means the company will pay you, you won’t be that lucky. But all discounts will lower your policy premium.

The chart below illustrates the difference between Ford Transit Connect car insurance rates with and without discounts applied. The premiums are based on a male driver, no accidents, no driving violations, Arizona state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, marriage, claim-free, safe-driver, and multi-car discounts applied.

A list of companies and their offered discounts can be found below.

Check with every prospective company which discounts can lower your rates. Some of the earlier mentioned discounts might not be offered in every state. To view companies that can offer you the previously mentioned discounts in Arizona, click here.

Car insurance 101

Knowing the specifics of a car insurance policy can be of help when determining the right coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring.

Liability – This coverage protects you from damage that occurs to a person or their property that is your fault. It protects YOU from claims by other people, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 15/30/10 which stand for $15,000 in coverage for each person’s injuries, $30,000 for the entire accident, and property damage coverage for $10,000.

Liability coverage pays for claims like bail bonds, legal defense fees, medical expenses, repair costs for stationary objects and funeral expenses. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible. Arizona state minimum liability requirements are 15/30/10 but drivers should carry higher limits.

The next chart demonstrates why the minimum limit may not provide you with enough coverage.

Comprehensive coverages – This covers damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like rock chips in glass, hail damage and hitting a bird. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for medical payments – Coverage for medical payments and/or PIP pay for expenses for ambulance fees, pain medications, dental work and surgery. They are used to fill the gap from your health insurance plan or if there is no health insurance coverage. It covers both the driver and occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Collision – Collision coverage pays for damage to your Transit Connect resulting from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as hitting a mailbox, sideswiping another vehicle and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible on your Transit Connect to get cheaper collision coverage.

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection from other drivers when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants and also any damage incurred to your Ford Transit Connect.

Since many Arizona drivers carry very low liability coverage limits (which is 15/30/10), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

You can find cheaper coverage

Budget-conscious Ford Transit Connect insurance is available on the web in addition to local insurance agencies, so you should compare both to have the best chance of lowering rates. A few companies may not have the ability to get quotes online and these regional carriers only sell coverage through independent agents.

When buying insurance coverage, it’s not a good idea to skimp on critical coverages to save a buck or two. There are a lot of situations where consumers will sacrifice collision coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy enough coverage at the lowest possible cost, not the least amount of coverage.

You just read a lot of information how to save on Ford Transit Connect insurance in Chandler. It’s most important to understand that the more times you quote, the higher your chance of finding affordable Ford Transit Connect insurance quotes. Consumers may even find the most savings is with the smaller companies.

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