Unfortunately, nearly 70% of consumers kept buying from the same company for at least the last four years, and about 40% of consumers have never even shopped around for lower-cost coverage. With the average premium in Kentucky being $2,100, drivers can save hundreds of dollars each year, but they mistakenly think it’s difficult to compare rate quotes.
The preferred way to save on Ford Ranger insurance is to compare prices annually from insurance carriers in Louisville. Drivers can shop around by following these steps.
- Gain an understanding of how companies set rates and the things you can control to prevent rate increases. Many things that drive up the price such as distracted driving and a low credit rating can be amended by making minor driving habit or lifestyle changes. Keep reading for more information to find cheap rates and find possible discounts that are available.
- Obtain price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only quote rates from one company like Progressive or State Farm, while agents who are independent can provide price quotes for a wide range of companies.
- Compare the quotes to your current policy and see if there is a cheaper rate. If you can save money, ensure coverage does not lapse between policies.
- Provide notification to your current agent or company of your decision to cancel your existing policy. Submit a completed policy application and payment to your new company or agent. Don’t forget to safely store the certificate verifying coverage in your glove compartment.
An important note is to try to use the same level of coverage on each price quote and and to analyze as many different insurance providers as possible. This ensures an apples-to-apples comparison and a thorough price selection.
If you have insurance now or want to find a cheaper company, you can learn to shop for the lowest rates and still get good coverage. Comparing quotes for affordable car insurance coverage in Louisville is not as time-consuming as you think. Vehicle owners only have to learn the most effective way to compare rate quotes from multiple carriers.
The companies shown below are our best choices to provide price comparisons in Kentucky. If you want cheap auto insurance in Louisville, it’s a good idea that you compare several of them to get the lowest price.
Ford Ranger insurance charts and tables
The premium information displayed next outlines a range of policy rates for Ford Ranger models. Having knowledge of how prices are calculated can help customers make smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Ranger XL 2WD | $162 | $342 | $342 | $20 | $102 | $968 | $81 |
| Ranger XL SuperCab 2WD | $190 | $342 | $342 | $20 | $102 | $996 | $83 |
| Ranger XLT 2WD | $190 | $342 | $342 | $20 | $102 | $996 | $83 |
| Ranger XL 2WD | $190 | $342 | $342 | $20 | $102 | $996 | $83 |
| Ranger XL SuperCab 4WD | $190 | $342 | $342 | $20 | $102 | $996 | $83 |
| Ranger XLT SuperCab 2WD | $190 | $416 | $342 | $20 | $102 | $1,070 | $89 |
| Ranger Sport SuperCab 2WD | $190 | $416 | $342 | $20 | $102 | $1,070 | $89 |
| Ranger Sport SuperCab 4WD | $190 | $416 | $342 | $20 | $102 | $1,070 | $89 |
| Ranger XLT SuperCab 4WD | $190 | $416 | $342 | $20 | $102 | $1,070 | $89 |
| Ranger Sport SuperCab 2WD | $190 | $416 | $342 | $20 | $102 | $1,070 | $89 |
| Ranger XLT SuperCab 2WD | $190 | $416 | $342 | $20 | $102 | $1,070 | $89 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Rates do not factor in specific location which can alter insurance rates greatly.
Auto insurance deductibles
When comparing auto insurance rates, the most common question is how high should your deductibles be. The rates below can help you visualize the premium difference when you choose different coverage deductibles. The first data set uses a $100 physical damage deductible and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Ranger XL 2WD | $208 | $418 | $326 | $20 | $98 | $1,095 | $91 |
| Ranger XL SuperCab 2WD | $244 | $418 | $326 | $20 | $98 | $1,131 | $94 |
| Ranger XLT 2WD | $244 | $418 | $326 | $20 | $98 | $1,131 | $94 |
| Ranger XL 2WD | $244 | $418 | $326 | $20 | $98 | $1,131 | $94 |
| Ranger XL SuperCab 4WD | $244 | $418 | $326 | $20 | $98 | $1,131 | $94 |
| Ranger XLT SuperCab 2WD | $244 | $508 | $326 | $20 | $98 | $1,221 | $102 |
| Ranger Sport SuperCab 2WD | $244 | $508 | $326 | $20 | $98 | $1,221 | $102 |
| Ranger Sport SuperCab 4WD | $244 | $508 | $326 | $20 | $98 | $1,221 | $102 |
| Ranger XLT SuperCab 4WD | $244 | $508 | $326 | $20 | $98 | $1,221 | $102 |
| Ranger Sport SuperCab 2WD | $244 | $508 | $326 | $20 | $98 | $1,221 | $102 |
| Ranger XLT SuperCab 2WD | $244 | $508 | $326 | $20 | $98 | $1,221 | $102 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Ranger XL 2WD | $152 | $282 | $326 | $20 | $98 | $878 | $73 |
| Ranger XL SuperCab 2WD | $178 | $282 | $326 | $20 | $98 | $904 | $75 |
| Ranger XLT 2WD | $178 | $282 | $326 | $20 | $98 | $904 | $75 |
| Ranger XL 2WD | $178 | $282 | $326 | $20 | $98 | $904 | $75 |
| Ranger XL SuperCab 4WD | $178 | $282 | $326 | $20 | $98 | $904 | $75 |
| Ranger XLT SuperCab 2WD | $178 | $342 | $326 | $20 | $98 | $964 | $80 |
| Ranger Sport SuperCab 2WD | $178 | $342 | $326 | $20 | $98 | $964 | $80 |
| Ranger Sport SuperCab 4WD | $178 | $342 | $326 | $20 | $98 | $964 | $80 |
| Ranger XLT SuperCab 4WD | $178 | $342 | $326 | $20 | $98 | $964 | $80 |
| Ranger Sport SuperCab 2WD | $178 | $342 | $326 | $20 | $98 | $964 | $80 |
| Ranger XLT SuperCab 2WD | $178 | $342 | $326 | $20 | $98 | $964 | $80 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky 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 raise or lower auto insurance rates significantly.
Based on this data, using a $100 deductible will cost you approximately $20 more each month or $240 for a full year than choosing the higher $500 deductible. Since the policyholder would be required to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you average at a minimum 20 months between claim filings, you would save money if you choose the higher deductible.
How to determine if a higher deductible is a good idea
| Average monthly premium for $100 deductibles: | $98 |
| Average monthly premium for $500 deductibles (subtract): | – $78 |
| Monthly savings from raising deductible: | $20 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $20 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 20 months |
One thing to note is that increasing deductibles to save money means you will have to pay more when you do file a claim. It will be required that you have some extra savings in the event you have to pay the deductible.
Premiums by gender and age
The illustration below shows the comparison of Ford Ranger insurance costs for male and female drivers. The prices are based on a clean driving record, no at-fault accidents, full physical damage coverage, $500 deductibles, drivers are not married, and no additional discounts are factored in.
Full coverage versus liability only rates
The diagram below shows the difference between Ford Ranger insurance premiums with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no accidents, no driving violations, $500 deductibles, drivers are single, and no additional discounts are factored in.
When to eliminate full coverage
There is no set rule that is best for determining when to drop physical damage coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
For example, let’s assume your Ford Ranger claim settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $5,000 after paying your policy deductible. If premiums are more than $500 a year for your policy with full coverage, then it might be time to buy liability only.
There are some circumstances where buying only liability insurance is not financially feasible. If you still owe money on your vehicle, you have 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 totaled, you should maintain full coverage.
Tailor your car insurance coverage to you
When quoting and comparing a policy, there really isn’t a “best” method to buy coverage. Everyone’s situation is a little different and a cookie cutter policy won’t apply.
These are some specific questions could help you determine if you would benefit from an agent’s advice.
- When would I need additional glass coverage?
- Why is insurance for a teen driver so high in Louisville?
- Am I covered when renting a car or should I buy coverage from the car rental agency?
- Do I need an umbrella policy?
- Is my Ford Ranger covered if I use it for business?
- What policy terms are available?
- Is my son or daughter covered when driving my car?
- If my car is totaled with they pay enough to replace it?
- Is there coverage for injuries to my pets?
- Does my Ford Ranger qualify for pleasure use?
If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier It is quick, free and can help protect your family.
Compare rates but buy from a local Louisville insurance agent
Many drivers would rather get advice from a local agent and often times that is recommended Experienced insurance agents can help determine the best coverages and help in the event of a claim. One of the benefits of comparing auto insurance online is you can get the lowest rates and still have an agent to talk to.
For easy comparison, once you complete this simple form, your insurance coverage information is emailed to companies in Louisville that can provide free Louisville car insurance quotes for your business. You never need to find an agent due to the fact that quote results will go to you instantly. If you need to quote rates from a particular provider, just navigate to their website and submit a quote form there.
Selecting an provider is decision based upon more than just the quoted price. Any agent in Louisville should be willing to answer these questions.
- Are they able to influence company decisions when a claim is filed?
- How will an accident affect your rates?
- If you raise deductibles, how much can you save?
- How is replacement cost determined on your vehicle?
- Are they paid to recommend certain coverages?
- Is coverage determined by price?
How to choose the best auto insurance agent in Louisville
When looking for a local insurance agency, you must know there are a couple types of agencies and how they function. Louisville agents may be either exclusive agents or independent agents. Either can insure your vehicles properly, but it’s important to know the subtle differences because it may have an impact on which type of agent you select.
Exclusive Agents
Agents of this type normally can only provide a single company’s rates like Allstate, State Farm and Farmers Insurance. They usually cannot compare rates from other companies so they have no alternatives for high prices. Exclusive agents receive extensive training on sales techniques which helps offset the inability to provide other markets. Consumers sometimes buy insurance from these agents primarily because of the brand legacy instead of buying on price only.
The following are exclusive insurance agents in Louisville who may provide you with price quotes.
- Rudy Scheynost – State Farm Insurance Agent
7619 Dixie Hwy – Louisville, KY 40258 – (502) 937-5256 – View Map - Terryl McCray – State Farm Insurance Agent
1827 W Broadway – Louisville, KY 40203 – (502) 774-3373 – View Map - Mary Henry – State Farm Insurance Agent
5800 Bardstown Rd – Louisville, KY 40291 – (502) 491-7797 – View Map
Independent Agents (or Brokers)
Agents that elect to be independent are not locked into one company and that is an advantage because they can write policies with any number of different companies and possibly get better coverage at lower prices. If your agent finds better pricing, they simply switch companies in-house which is easy for the insured. If you are trying to find cheaper rates, you need to contact independent agents so that you can do a thorough price comparison. They also have the ability to place coverage with smaller regional carriers which can save you money.
Below is a list of independent agencies in Louisville willing to provide comparison quotes.
- Louisville Kentucky Insurance
4500 Dixie Hwy – Louisville, KY 40216 – (502) 447-3711 – View Map - Nationwide Insurance: Jerry Kays Insurance Inc
3701 Taylorsville Rd #1a – Louisville, KY 40220 – (502) 459-0833 – View Map - Gerald Schott Insurance
10602 Timberwood Cir # 14 – Louisville, KY 40223 – (502) 426-5887 – View Map
Upon receiving reasonable responses in addition to an acceptable price estimate, it’s a good possibility that you have found an insurance agent that meets the requirements to service your policy. Just understand that consumers can cancel a policy for any reason so don’t think you’re contractually obligated to any specific agency with no way to switch.