Do you want to save money by buying low-cost Ford F-150 insurance in Austin? Wish you could get a refund on high-priced Ford F-150 insurance in Austin? You’re in good company because many consumers are feeling buyer’s remorse and feel like there’s no way out.
It’s astonishing, but nearly 70% of drivers renewed their policy with the same company for more than four years, and approximately 40% of consumers have never shopped around. The average driver in Austin could save approximately $1,766 a year by just comparing rate quotes, but they feel it’s too difficult to save money by comparing rate quotes.
Numerous insurance companies battle for your insurance dollar, and it can be difficult to compare rates to find the absolute lowest rate possible on Ford F-150 insurance in Austin.
It’s important to get comparison quotes once or twice a year since insurance prices go up and down regularly. Even if you think you had the best rates on Ford F-150 insurance in Austin six months ago the chances are good that you can find a lower rate quote today. Forget anything you know (or think you know) about car insurance because I’m going to let you in on the secrets to one of the quickest ways to reduce your cost while improving coverage.
If you currently have insurance, you will definitely be able to reduce the price you pay using these tips. Locating the best rates in Austin is much easier if you have a good place to start. Although Texas car owners can benefit by having an understanding of the methods companies use to calculate your insurance rates and take advantage of how the system works.
Low-cost car insurance in Austin, TX
The companies shown below can provide free rate quotes in Texas. If more than one company is shown, it’s a good idea that you click on several of them to get a more complete price comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| F-150 XL Regular Cab 2WD | $180 | $252 | $400 | $24 | $120 | $976 | $81 |
| F-150 STX Regular Cab 2WD | $246 | $476 | $400 | $24 | $120 | $1,266 | $106 |
| F-150 XL Super Cab 2WD | $326 | $486 | $500 | $30 | $150 | $1,492 | $124 |
| F-150 XLT Regular Cab 2WD | $136 | $252 | $430 | $26 | $128 | $972 | $81 |
| F-150 STX Super Cab 2WD | $274 | $550 | $496 | $30 | $148 | $1,498 | $125 |
| F-150 XL Crew Cab 2WD | $174 | $290 | $496 | $30 | $148 | $1,138 | $95 |
| F-150 XLT Super Cab 2WD | $364 | $598 | $514 | $30 | $154 | $1,660 | $138 |
| F-150 STX Regular Cab 4WD | $240 | $328 | $382 | $22 | $114 | $1,086 | $91 |
| F-150 XL Regular Cab 4WD | $206 | $338 | $430 | $26 | $128 | $1,128 | $94 |
| F-150 FX2 Super Cab 2WD | $282 | $502 | $430 | $26 | $128 | $1,368 | $114 |
| F-150 XLT Crew Cab 2WD | $254 | $400 | $400 | $24 | $120 | $1,198 | $100 |
| F-150 XL Super Cab 4WD | $282 | $502 | $430 | $26 | $128 | $1,368 | $114 |
| F-150 XLT Regular Cab 4WD | $282 | $502 | $430 | $26 | $128 | $1,368 | $114 |
| F-150 XL Crew Cab 4WD | $308 | $328 | $500 | $30 | $150 | $1,316 | $110 |
| F-150 STX Super Cab 4WD | $186 | $236 | $392 | $24 | $118 | $956 | $80 |
| F-150 XLT Super Cab 4WD | $256 | $338 | $358 | $22 | $108 | $1,082 | $90 |
| F-150 FX2 2WD | $326 | $570 | $462 | $28 | $138 | $1,524 | $127 |
| F-150 Lariat Super Cab 2WD | $260 | $452 | $496 | $30 | $148 | $1,386 | $116 |
| F-150 Lariat Crew Cab 2WD | $322 | $486 | $388 | $24 | $116 | $1,336 | $111 |
| F-150 FX4 Super Cab 4WD | $318 | $580 | $430 | $26 | $128 | $1,482 | $124 |
| F-150 XLT Crew Cab 4WD | $246 | $368 | $392 | $24 | $118 | $1,148 | $96 |
| F-150 FX4 4WD | $358 | $580 | $388 | $24 | $116 | $1,466 | $122 |
| F-150 Lariat Crew Cab 4WD | $234 | $312 | $500 | $30 | $150 | $1,226 | $102 |
| F-150 SVT Raptor Super Cab 4WD | $186 | $288 | $392 | $24 | $118 | $1,008 | $84 |
| F-150 Lariat Super Cab 4WD | $356 | $670 | $496 | $30 | $148 | $1,700 | $142 |
| F-150 Lariat Crew Cab Platinum 2WD | $286 | $602 | $430 | $26 | $128 | $1,472 | $123 |
| F-150 Lariat Crew Cab Harley 2WD | $286 | $572 | $400 | $24 | $120 | $1,402 | $117 |
| F-150 Lariat King Ranch 2WD | $206 | $368 | $382 | $22 | $114 | $1,092 | $91 |
| F-150 Lariat King Ranch 4WD | $362 | $672 | $462 | $28 | $138 | $1,662 | $139 |
| F-150 Lariat Crew Cab Harley 4WD | $258 | $462 | $400 | $24 | $120 | $1,264 | $105 |
| F-150 Lariat Crew Cab Platinum 4WD | $318 | $572 | $430 | $26 | $128 | $1,474 | $123 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Premium costs do not factor in specific location information which can increase or decrease auto insurance rates substantially.
Full coverage rates compared to liability-only
The example below visualizes the comparison of Ford F-150 insurance prices with full coverage compared to only the Texas minimum liability coverage. The rates are based on no tickets, no at-fault accidents, $1,000 deductibles, single male driver, and no discounts are applied to the premium.
When to stop buying physical damage coverage
There is no written rule of when to drop comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is about 10% or more of replacement cost minus your deductible, then you may need to consider dropping full coverage.
For example, let’s say your Ford F-150 book value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $7,000 after the deductible is paid. If you are paying in excess of $700 a year for physical damage coverage, then it’s probably a good time to buy liability coverage only.
There are some conditions where dropping full coverage is not financially feasible. If you still owe a portion of the original loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not opt for liability only.
Lower Your Austin Insurance Prices
Many different elements are part of the equation when you get your auto insurance bill. Some are obvious like a motor vehicle report, but other factors are not quite as obvious such as your marital status and annual miles driven.
Listed below are some of the most common factors used by your company to calculate rates.
- Don’t skimp on liability insurance – Your insurance policy’s liability coverage is the protection if you are found liable for causing personal injury or damage in an accident. It provides for a legal defense which can be incredibly expensive. Carrying liability coverage is mandatory and cheap compared to other policy coverages, so insureds should have plenty of protection for their assets.
- Credit history impacts premium prices – Having a good credit rating is likely to be a major factor in determining your rates. If your credit can be improved, you could be paying less to insure your Ford F-150 by improving your credit score. People that have very good credit scores tend to be less risk to insure than drivers who have lower credit ratings.
- Lower stress equals lower premiums – Did you know your career choice can influence rates? Occupational choices like doctors, social workers and emergency personnel generally pay higher average rates because of job stress and lots of time spent away from family. Other occupations like scientists, athletes and retirees generally pay rates lower than average.
- The type of car you drive affects your premiums – The make and model of the vehicle you own makes a huge difference in your premium level. Because the Ford F-150 falls in the pickup truck class, insurance will be similar in price compared to average rates in Austin. Smaller low performance passenger cars generally receive the lowest base rates, but that’s not the only thing that factors into the final price.
- Do you save by driving less? – Driving more miles in a year’s time the higher the price you pay to insure it. Most insurance companies calculate prices based on how the vehicle is used. Cars and trucks not used for work or commuting qualify for better rates as compared to vehicles used primarily for driving to work. Verify your insurance policy reflects how each vehicle is driven, because it can save money. Improper usage on your F-150 can result in significantly higher rates.
- Ford F-150 insurance loss probability – Companies include the past claim trends for vehicles to help calculate premium rates. Vehicles that historically have higher frequency or amount of claims will cost more for coverage. The table below shows the loss history for Ford F-150 vehicles.
For each type of coverage, the loss probability for all vehicles combined as an average is represented as 100. Numbers below 100 suggest a better than average loss history, while numbers shown that are more than 100 point to more frequent losses or a tendency for claims to be larger.
Ford F-150 Insurance Loss Statistics
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Ford F-150 SuperCab 4WD 67 110 39 Ford F-150 SuperCrew 2WD 42 93 72 Ford F-150 SuperCrew 4WD 75 76 101 56 57 76 Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Lower-cost Ford F-150 insurance in Austin
Some companies do not list every available discount very clearly, so here is a list a few of the more common in addition to some of the lesser obvious credits available to you.
- Fewer Miles Equal More Savings – Keeping the miles down on your Ford could earn discounted car insurance rates on garaged vehicles.
- More Vehicles More Savings – Having multiple cars on the same car insurance policy can get a discount on all vehicles.
- No Charge for an Accident – Not really a discount, but some insurance companies may permit one accident before hitting you with a surcharge so long as you haven’t had any claims prior to being involved in the accident.
- Senior Citizen Discount – Drivers over the age of 55 are able to get better car insurance rates.
- Switch and Save Discount – Some larger companies reward drivers for switching policies early. This discount can save up to 10%.
- Driver’s Ed – Cut your cost by having your teen driver enroll and complete driver’s education in school.
As a disclaimer on discounts, most discounts do not apply to your bottom line cost. Most cut specific coverage prices like medical payments or collision. Despite the fact that it seems like adding up those discounts means a free policy, insurance companies wouldn’t stay in business.
To choose car insurance companies with discount rates in Austin, click here to view.
Neighborhood insurance agents
Many drivers prefer to have an agent’s advice and that is a smart decision An additional benefit of comparing insurance prices online is the fact that drivers can get cheap car insurance quotes and still choose a local agent. Putting coverage with neighborhood agents is important particularly in Austin.
To make it easy to find an agent, after completing this simple form, the coverage information is emailed to agents in your area who will give you quotes for your insurance coverage. You don’t have to drive around due to the fact that quote results will go immediately to you. You’ll get the best rates without requiring a lot of work. In the event you want to compare prices from a specific company, you can always search and find their rate quote page and submit a quote form there.
If you want to use a reliable insurance agency, it’s helpful to know the different agency structures and how they work. Agents in Austin can be classified as either exclusive or independent (non-exclusive).
Independent Agencies or Brokers
Agents that elect to be independent do not sell for just one brand so they can insure your vehicles with lots of companies and help determine which has the cheapest rates. If you are not satisfied with one company, they simply move the coverage in-house and you stay with the same agent. When comparing rate quotes, you need to compare quotes from at least one independent agent to have the best price comparison.
Featured below is a short list of independent agents in Austin that can give you price quotes.
Stanley Insurance Agency
512 W Stassney Ln #113 – Austin, TX 78745 – (512) 445-5555 – View Map
Higginbotham/William Gammon Insurance
1221 S MoPac Expy – Austin, TX 78746 – (512) 477-6745 – View Map
Lezam Insurance
4301 W. William Cannon Dr., Ste. B-120 – Austin, TX 78749 – (512) 263-4333 – View Map
Exclusive Insurance Agencies
Agents that choose to be exclusive can only provide one company’s prices such as Farmers Insurance or State Farm. They generally cannot give you multiple price quotes so you might not find the best rates. These agents are highly trained on sales techniques and that can be a competitive advantage.
Shown below is a list of exclusive agencies in Austin that are able to give price quote information.
Karen Hall – State Farm Insurance Agent
7004 Bee Cave Rd #3 – Austin, TX 78746 – (512) 327-6200 – View Map
Allstate Insurance: Amanda Escobar
8700 Manchaca Rd #405 – Austin, TX 78748 – (512) 280-9700 – View Map
Allstate Insurance: Richard Harper
1807 W Slaughter Ln Ste 400 – Austin, TX 78748 – (512) 292-7410 – View Map
Selecting an auto insurance agent shouldn’t rely on just a low price. The questions below may impact your decision as well.
- Do they regularly work with personal auto policies in Austin?
- Which companies can they place coverage with?
- Is there a local claims center in Austin?
- Will you get a loaner vehicle if you car is being repaired?
- What company holds the largest book of business for them?
- What discounts might you be missing?
- Does the agency have a current Errors and Omissions policy?
- How long has their agency been in business in Austin?
Can you really save that much by switching?
Respected companies like Allstate and Progressive continually stream ads on television and other media. All the companies convey the message that people will save just by moving your car insurance coverage to their company. That’s great but how can every company say the same thing? It’s all in the wording.
All the different companies provide the lowest rates for the type of insured that is profitable for them. One example of this type of risk profile might be described as a mature driver, has few claims, and has a short commute. A customer getting a price quote who matches that profile receives the best rates in Austin as well as save when switching.
People who do not meet those criteria will have to pay a higher rate and this results in the prospect going elsewhere. If you pay attention, the ads say “drivers who switch” but not “everyone who gets a quote” save the amount stated. That’s why insurance companies can confidently claim big savings.
Because each company has a different risk profile, you really should do a quote comparison often. It’s not possible to predict the company that will provide the lowest Ford F-150 insurance in Austin.
When do I need an agent’s advice?
Always remember that when buying your policy, there really is not a perfect coverage plan. Your needs are not the same as everyone else’s so your insurance needs to address that.
For example, these questions might help in determining if you might need an agent’s assistance.
- What discounts do I qualify for?
- What does UM/UIM cover?
- How do I file an SR-22 for a DUI in Texas?
- Am I insured when driving a different vehicle?
- How does medical payments coverage work?
- Are split liability limits better than a combined single limit?
- Does coverage extend to my business vehicle?
- Are rock chip repairs covered?
- Is my business laptop covered if it gets stolen from my vehicle?
If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.
How much can you save?
Some insurance companies don’t offer online quoting and usually these small, regional companies only sell coverage through independent agents. The cheapest Ford F-150 insurance in Austin can be bought both online as well as from insurance agents, so you need to compare both to have the best rate selection.
You just learned many tips how you can get a better price on Ford F-150 insurance in Austin. The most important thing to understand is the more rate comparisons you have, the better chance you’ll have of finding affordable Ford F-150 insurance quotes. You may even discover the biggest savings come from some of the smallest insurance companies. These smaller insurers often have lower rates on specific markets than the large multi-state companies such as Progressive or GEICO.
For more information, link through to these articles:
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)
- Who Has Cheap Car Insurance for a GMC Acadia in Austin? (FAQ)
- Who Has Affordable Car Insurance Quotes for a Ford Escape in Austin? (FAQ)
- What Insurance is Cheapest for Felons in Austin? (FAQ)
- Top Signs Your Brakes are Giving Out (State Farm)
- How to Avoid Staged Accidents (State Farm)
- Credit and Insurance Scores (Insurance Information Institute)
- Cellphones, Texting and Driving (iihs.org)