Ford Ranger Insurance Rates in Anchorage

Amazingly, a recent NerdWallet.com study showed that most auto insurance buyers have remained with the same auto insurance company for at least the last four years, and about 40% of consumers have never shopped around. The average driver in Anchorage can save nearly 35% each year just by comparing rates, but they don’t want to take the time to do a rate comparison.

To save the most money, the best way to get the cheapest Ford Ranger insurance in Anchorage is to compare quotes once a year from insurers who sell auto insurance in Alaska. You can shop around by following these guidelines.

1. Try to understand how insurance companies determine prices and the steps you can take to drop your rates. Many rating factors that cause rate increases like careless driving and a low credit rating can be rectified by paying attention to minor details. Read the full article for additional ideas to find cheap rates and get additional discounts.
2. Obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give prices from a single company like Progressive or State Farm, while independent agencies can quote rates for many different companies.
3. Compare the new rate quotes to your current policy premium and see if there is a cheaper rate. If you can save some money and switch companies, verify that coverage does not lapse between policies.
4. Provide adequate notice to your current company of your intention to cancel your current car insurance policy. Submit any necessary down payment along with the completed application for your new policy. Once received, keep the new proof of insurance paperwork in your vehicle’s glove compartment or console.

A good tip to remember is that you’ll want to compare similar deductibles and liability limits on every quote request and and to get quotes from every company you can. This enables an apples-to-apples comparison and the best price selection.

Best companies for Ford Ranger insurance

The companies shown below can provide quotes in Anchorage, AK. In order to find the best cheap car insurance in Anchorage, it’s a good idea that you visit two to three different companies to get a more complete price comparison.

Insurance analysis for a Ford Ranger

The information shown below covers different insurance prices for Ford Ranger models. Understanding how rate quotes are determined can benefit drivers when making smart policy decisions.

Table data represents single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Prices do not factor in your specific Anchorage location which can increase or decrease premium rates noticeably.

Analysis of deductible levels

One common question asked by Anchorage drivers is how high should the physical damage deductibles be. The following insurance rates outline the differences in premium rates when you buy lower versus higher coverage deductibles. The first rate comparisons uses a $250 deductible for comp and collision and the second rate table uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Prices do not factor in Anchorage location which can increase or decrease premium rates noticeably.

We can derive from the above data that using a $250 deductible costs about $10 more each month or $120 every year than quoting the higher $500 deductible. Because you would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you normally go at least 25 months between claims, you would save more money if you choose a higher deductible.

One big caveat is that higher deductibles means you will have to cover more of the damage yourself when you file a claim. You need some savings in the bank in the event you need to pay more for the deductible.

Lower Your Anchorage Insurance Rates

The best way to find cheaper insurance is to take a look at some of the factors that go into determining your policy premiums. When consumers understand what controls the rates you pay, this helps enable you to make changes that could help you find lower insurance prices. Many different elements are part of the calculation when you quote your car insurance policy. Some factors are common sense such as your driving record, but others are not quite as obvious such as whether you are married and annual miles driven.

Where you live can modify premiums – Choosing to live in less populated areas can save you money when buying insurance. Drivers who live in large cities have to deal with more aggressive driving styles and a longer drive to work. Fewer drivers and short commutes means reduced accidents in addition to lower liability claims.

Rate your vehicle for proper use – Driving a lot of miles every year the higher the price you pay to insure it. A lot of insurance companies charge rates based upon how the vehicle is primarily used. Autos that do not get driven very much qualify for better rates than those used for commuting. Make sure your insurance coverage correctly shows the correct usage, because improper ratings can cost you money. An improperly rated Ranger can cost quite a bit.

Uninterrupted coverage lowers prices – Letting your insurance expire is a guaranteed way to pay more for insurance. Not only will you pay more, the inability to provide proof of insurance might get you a license revocation or jail time.

Driver age impacts rates – More mature drivers are shown to be more cautious, cost insurance companies less in claims, and get fewer tickets. Young drivers are statistically shown to be more careless when behind the wheel and because of this, their insurance rates are much higher.

The data below uses these variables: single driver, full coverage with $1000 deductibles, and no discounts or violations.

Extra policy coverages can cost a lot – Insurance policies have a lot of extra add-on coverages that can waste your money on your insurance policy. Insurance for things like roadside assistance, better glass coverage, and term life insurance may be wasting your money. They may sound like good ideas when deciding what coverages you need, but now you might not need them so think about removing them and cutting costs.

You may qualify for discounts for Ford Ranger insurance in Anchorage

Companies don’t always advertise the complete list of policy discounts in an easy-to-find place, so the list below gives a summary of both the well known in addition to some of the lesser obvious auto insurance savings.

• Good Driver Discount – Insureds without accidents may receive a discount up to 45% than drivers with accidents.
• Accident-Free Discounts – Anchorage drivers who stay claim-free have much lower rates as opposed to bad drivers.
• ABS and Traction Control Discounts – Cars, trucks, and SUVs with ABS braking systems or traction control can avoid accidents so you can save 10 percent or more.
• Telematics Data – Drivers who elect to allow their insurance company to track driving manner by using a small device installed in their vehicle such as Progressive’s Snapshot may see discounts as long as they are good drivers.
• New Vehicle Savings – Adding a new car to your policy may earn a small discount because new model year vehicles are generally safer.
• Distant Student – Youth drivers who are enrolled in a college that is more than 100 miles from Anchorage and do not have a car may qualify for this discount.
• Driver’s Education for Students – Cut your cost by having your teen driver successfully complete driver’s ed class in school.
• Military Deployment Discount – Being on active duty in the military can result in better rates.
• Multi-car Discount – Insuring primary and secondary vehicles on one policy may reduce the rate for each vehicle.
• Passive Restraint Discount – Factory air bags or motorized seat belts could see savings of 20% or more.

It’s important to note that many deductions do not apply to your bottom line cost. Most cut the cost of specific coverages such as comprehensive or collision. Even though it appears it’s possible to get free car insurance, auto insurance companies aren’t that generous. Any amount of discount will lower your policy premium.

The example below shows the comparison of Ford Ranger auto insurance rates with and without discounts applied to the premium. The rate quotes are based on a female driver, no claims, a clean driving record, Alaska state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, claim-free, multi-policy, multi-car, and homeowner discounts applied.

To see companies with significant discounts in Alaska, click here to view.

Insurance is available from local agents

A lot of people would rather go talk to an agent and we recommend doing that One of the great benefits of comparing rates online is that you can obtain better rates but also keep your business local.

For easy comparison, once you complete this simple form, the coverage information is instantly submitted to companies in Anchorage who will give you bids to get your business. There is no reason to search for any insurance agencies as quotes are delivered to you instantly. You can find lower rates AND a local agent. If for some reason you want to get a price quote from one company in particular, just jump over to their website and fill out their quote form.

Choosing an insurer needs to be determined by more than just the quoted price. A good agent in Anchorage will have answers to these questions.

• Will the company cover a rental car if your car is getting fixed?
• Can glass claims be handled at your home?
• Is the agency active in community causes in Anchorage?
• What discounts might you be missing?
• Who are their largest clients?
• How long has the business existed?

If you are searching for local Anchorage agents, you need to know there are two types of insurance agents from which to choose. Agencies in Anchorage can be classified as either independent or exclusive.

Exclusive Agents

Agents that elect to be exclusive can only provide one company’s prices and examples are American Family, State Farm, and AAA. Exclusive agents cannot provide other company’s prices so they have no alternatives for high prices. These agents are well trained on their company’s products and that enables them to sell even at higher rates.

Shown below is a list of exclusive agencies in Anchorage that are able to give price quote information.

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Independent Agents (or Brokers)

Independent agents do not have single company limitations and that enables them to quote your coverage amongst many companies and find you cheaper rates. If they find a lower price, your policy is moved internally and you don’t have to switch agencies. If you need cheaper insurance rates, you will definitely want to include a couple of independent agencies for the best price selection.

The following are independent agencies in Anchorage who can help you get comparison quotes.

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Upon getting good feedback as well as a price you’re happy with, you may have just found an auto insurance agent that is professional and can service your policy. It’s important to know that you can cancel a policy whenever you wish so don’t feel that you’re stuck with a specific company for the full policy term.

Cheap car insurance rates are possible

We covered a lot of ways to lower your Ford Ranger insurance prices in Anchorage. It’s most important to understand that the more price quotes you have, the higher the chance of saving money. You may even be surprised to find that the lowest priced car insurance comes from a company that doesn’t do a lot of advertising. Smaller companies may often insure only within specific states and give better rates than the large multi-state companies such as State Farm and Allstate.

When searching for affordable Ford Ranger insurance quotes, it’s very important that you do not sacrifice coverage to reduce premiums. There are many occasions where drivers have reduced full coverage only to regret at claim time they didn’t have enough coverage. Your objective should be to buy the best coverage you can find at the best possible price, but don’t skip important coverages to save money.

More detailed car insurance information can be found by following these links:

• Crash Avoidance Technologies FAQ (iihs.org)
• What is the Best Auto Insurance in Anchorage, Alaska? (FAQ)
• Who Has Affordable Auto Insurance for Handicapped Drivers in Anchorage? (FAQ)
• Who Has Cheap Auto Insurance Rates for a Ford Fusion in Anchorage? (FAQ)
• Understanding Rental Car Insurance (Insurance Information Institute)
• Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
• Safety Tips for Teen Drivers (Insurance Information Institute)