Best Ford F-350 Insurance in Cincinnati

Sad but true, almost 70% of insureds have been with the same company for over three years, and nearly 40% of drivers have never even shopped around for affordable coverage. Most drivers in Ohio could save $729 every year by just shopping around, but they don’t understand how simple it is to compare rate quotes.

If you want to save money, the best way to get affordable auto insurance rates is to regularly compare price quotes from providers in Cincinnati. Prices can be compared by following these steps.

• Step 1: Spend a few minutes and learn about how your policy works and the factors you can control to prevent expensive coverage. Many things that result in higher prices such as careless driving and a negative credit score can be improved by making small lifestyle or driving habit changes.
• Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give rate quotes from one company like Progressive and State Farm, while independent agencies can provide rate quotes from multiple companies.
• Step 3: Compare the new quotes to your existing coverage to see if a cheaper price is available in Cincinnati. If you find better rates, make sure there is no coverage gap between policies.
• Step 4: Provide proper notification to your current company of your intent to cancel your existing policy and submit the application along with any required down payment for the new policy. Immediately upon receiving it, keep the new certificate of insurance with your vehicle’s registration.

A tip to remember is to try to compare similar coverage information on every quote request and and to look at as many carriers as you can. Doing this enables an apples-to-apples comparison and plenty of rates choose from.

How to buy Ford F-350 insurance in Cincinnati, OH

The providers in the list below are our best choices to provide comparison quotes in Ohio. If you want cheap car insurance in Cincinnati, it’s highly recommended you visit two to three different companies in order to find the cheapest rates.

Detailed insurance information

The table shown below outlines detailed analysis of rate quotes for Ford F-350 models. Having a better understanding of how auto insurance prices are determined is important for you to make decisions when choosing a new policy provider.

Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Information does not factor in specific location information which can influence premium rates greatly.

Full coverage or liability only

The illustration below compares Ford F-350 annual premium costs with and without physical damage coverage. The rate quotes are based on no accidents or driving violations, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.

Are you wasting money on full coverage?

There is no clear-cut formula to stop buying full coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Ford F-350 book value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company will settle for is $6,000 after paying your policy deductible. If you are paying over $600 annually for comprehensive and collision coverage, then it could be time to drop full coverage.

There are a few cases where buying only liability insurance is not in your best interest. If you still owe a portion of the original loan, you have to keep full coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not consider dropping full coverage.

How Car Insurance Companies Calculate Ford F-350 Insurance Costs

Part of the insurance buying process is learning the factors that come into play when calculating insurance rates. If you have a feel for what determines base rates, this allows you to make educated decisions that may result in lower insurance prices.

Increase deductibles to save – Protection for physical damage, also called comprehensive and collision insurance, is used to repair damage to your vehicle. Some examples of covered claims could be a broken windshield, vandalism, or theft. Deductibles for physical damage are the amount of money you are willing to pay if a covered claim is submitted. The more expense you choose to pay out-of-pocket, the less your insurance will be.

An active claims history can cost more – Car insurance companies in Ohio award the lowest premiums to drivers who do not rely on their insurance for small claims. If you file a lot of claims you can definitely plan on higher premiums or even policy non-renewal. Auto insurance is intended for claims that you cannot pay yourself.

Drive less and save – The higher the miles on your Ford each year the higher your rate. Many insurance companies calculate rates based upon how the vehicle is primarily used. Cars and trucks left parked in the garage receive better premium rates compared to those used for work or business. A policy that improperly rates your F-350 can result in significantly higher rates. It’s a good idea to make sure your insurance policy shows the correct driver usage, because improper ratings can cost you money.

Continuous insurance coverage saves money – Not having insurance is a misdemeanor and as a result your rates will increase for letting your insurance coverage expire. And not only will your rates increase, getting caught without coverage may result in a steep fine or even jail time. You may need to prove you have insurance by filing a SR-22 with the Ohio motor vehicle department to get your license reinstated.

How’s your driving record? – Careful drivers pay lower auto insurance prices than people who have multiple driving citations. Having just one citation could increase your next policy renewal substantially. Drivers who have received multiple violations such as reckless driving, hit and run or driving under the influence may find that they have to to submit a SR-22 form with their state’s licensing department in order to prevent their license from being revoked.

The chart below illustrates how speeding tickets and accident claims raise Ford F-350 auto insurance rates for different age groups of insureds. The information is based on a single female driver, full coverage, $500 deductibles, and no discounts are taken into consideration.

Gender and car insurance rates – Statistics demonstrate that men are more aggressive behind the wheel. That doesn’t necessarily mean that females are better drivers. Men and women get in auto accidents at about the same rate, but guys get into accidents with more damage. Men also tend to get ticketed for serious violations like driving under the influence (DUI).

The information below illustrates the comparison of Ford F-350 insurance costs for male and female drivers. The information is based on no violations or accidents, comprehensive and collision coverage, $250 deductibles, marital status is single, and no additional discounts are factored in.

Vehicles with better crash test results lower rates – Vehicles with good safety scores tend to be cheaper to insure. The safest vehicles have better occupant injury protection and lower injury rates translates into fewer and smaller insurance claims which can result in lower premiums.

Ford F-350 insurance loss probability – Insurers include the past claim trends for vehicles when setting rates for each model. Models that tend to have higher claim frequency or loss amount will cost more for coverage. The next table illustrates the loss history for Ford F-350 vehicles.

For each policy coverage, the loss probability for all vehicles, without regard to make or model, is represented as 100. Values that are under 100 suggest a positive loss record, while numbers above 100 indicate higher probability of having a loss or an increased chance of a larger loss.

Car insurance does more than just repair your car

Despite the high cost of buying insurance for a Ford F-350 in Cincinnati, buying car insurance is mandatory in Ohio but it also protects more than you think.

• The majority of states have minimum liability requirements which means it is punishable by state law to not carry a specific minimum amount of liability coverage in order to drive the car. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you have a loan on your F-350, more than likely the lender will have a requirement that you carry insurance to ensure loan repayment if the vehicle is totaled. If you cancel or allow the policy to lapse, the bank will be required to insure your Ford at a significantly higher premium and force you to pay the higher price.
• Car insurance protects both your Ford and your personal assets. It will also cover medical bills for you, your passengers, and anyone else injured in an accident. Liability coverage also pays for attorney fees and expenses if you are named as a defendant in an auto accident. If you have damage to your Ford as the result of the weather or an accident, your policy will pay to have it repaired.

The benefits of buying car insurance more than offset the price you pay, particularly if you ever have a claim. According to a survey of 1,000 drivers, the average driver overpays as much as $700 annually so compare rate quotes at every renewal to be sure current rates are still competitive.