Save Money on Ford F-350 Insurance in Indianapolis

Surprisingly, a recent survey revealed that 70% of consumers have bought car insurance from the same company for well over three years, and 38% of drivers have never taken the time to shop around. Indiana drivers could save approximately $700 every year just by shopping around, but they just don’t understand how easy it is to shop around.

Truthfully, the best way to get budget Ford F-350 insurance in Indianapolis is to annually compare prices from insurers in Indiana.

First, try to learn a little about the coverage provided by your policy and the measures you can take to drop your rates. Many things that result in higher prices such as speeding tickets, careless driving and a not-so-good credit score can be eliminated by making lifestyle changes or driving safer.

Second, compare prices from direct, independent, and exclusive agents. Exclusive and direct companies can give quotes from one company like GEICO or Allstate, while agents who are independent can quote rates for a wide range of companies.

Third, compare the new quotes to your existing rates and see if you can save money. If you find a lower rate and make a switch, make sure coverage does not lapse between policies.

Fourth, provide adequate notice to your current company to cancel your current car insurance policy. Submit the application along with any required down payment to your new company or agent. Once coverage is bound, keep your new proof of insurance certificate along with the vehicle’s registration papers.

One tip to remember is to use identical limits and deductibles on every quote and and to get rate quotes from as many companies as you can. This ensures the most accurate price comparison and the best rate selection.

Cheapest companies for Ford F-350 insurance in Indiana

The companies shown below offer free rate quotes in Indianapolis, IN. If multiple providers are shown, we recommend you compare several of them to get the best price comparison.

Rates and other information

The rate information displayed next showcases detailed analysis of policy rates for Ford F-350 models. Knowing how auto insurance premiums are formulated can assist in making smart policy decisions.

Prices based on married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Price estimates do not factor in the specific area where the vehicle is garaged which can lower or raise premiums greatly.

The illustration below demonstrates how deductible levels and can change Ford F-350 premium costs for different insured age categories. The data assumes a single female driver, full physical damage coverage, and no other discounts are factored in.

Rate increases following a ticket or accident

The example below shows how speeding tickets and at-fault accidents impact Ford F-350 premium costs for different age groups of insureds. The premium estimates are based on a married female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are taken into consideration.

Ford F-350 insurance rates by gender in Indianapolis

The diagram below compares Ford F-350 car insurance rates for male and female drivers. The premiums assume a clean driving record, no claims, full physical damage coverage, $1,000 deductibles, drivers are single, and no discounts are factored in.

Full coverage versus liability-only

The example below compares Ford F-350 auto insurance rates with full coverage compared to only the Indiana minimum liability coverage. The data assumes no claims or driving violations, $1,000 deductibles, drivers are single, and no discounts are applied.

When to switch to liability coverage only

There is no definitive guideline of when to eliminate comprehensive and collision coverage on your policy, but there is a general guideline. 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 you may want to consider only buying liability coverage.

For example, let’s say your Ford F-350 replacement cost is $5,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $4,000 after paying the physical damage deductible. If you are paying in excess of $400 a year for your policy with full coverage, then you might want to think about dropping full coverage.

There are a few cases where eliminating full coverage is not financially feasible. If you still owe money on your vehicle, you have to maintain 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 damaged, you should keep full coverage in place.

Take these ten policy discounts and save on Ford F-350 insurance in Indianapolis

The price of auto insurance can be rather high, but there may be some discounts that can help lower your rates. Many discounts should be triggered at the time of quoting, but some discounts are required to be asked about before you get the savings. If you are not receiving all the discounts available, you could be paying more than you need to.

• Active Service Discounts – Having a family member in the military could trigger a small discount.
• Early Renewal Discounts – A few car insurance companies offer discounts for renewing your policy before your current coverage expires. It can save you around 10%.
• Distant Student Discount – Children who are attending college and do not take a car to college may be able to be covered for less.
• Multiple Cars – Buying a policy with multiple cars or trucks on one policy may reduce the rate for each vehicle.
• Seat Belt Discounts – Buckling up and requiring all passengers to buckle up before driving may be able to save a few bucks off the PIP or medical payment premium.
• Discount for Home Ownership – Being a homeowner may earn you a small savings because it requires a higher level of personal finance.
• Anti-lock Brakes – Cars that have anti-lock braking systems prevent accidents and the ABS can save up to 10%.
• Smart Student Discounts – Being a good student can get you a discount of up to 25%. The good student discount can last up until you turn 25.
• Claim-Free Discount – Drivers who don’t have accidents are rewarded with significantly better rates on Indianapolis auto insurance quote compared to policyholders that have many claims.
• Discount for Multiple Policies – If you combine your auto and homeowners policies and insure them both with the same insurance company you could save up to 20% and get you low cost Ford F-350 insurance.

You should keep in mind that most discount credits are not given to the entire cost. A few only apply to the cost of specific coverages such as medical payments or collision. So even though it sounds like all the discounts add up to a free policy, that’s just not realistic.

The diagram below visualizes the comparison of Ford F-350 premium costs with and without discounts applied to the premium. The rates are based on a female driver, a clean driving record, no claims, Indiana state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, marriage, multi-car, homeowner, and safe-driver discounts applied.

A few of the larger companies and some of their more popular discounts are:

• State Farm discounts include good driver, multiple autos, driver’s education, student away at school, Steer Clear safe driver discount, safe vehicle, and anti-theft.
• Liberty Mutual has discounts for teen driver discount, multi-policy, new graduate, safety features, newly retired, and good student.
• American Family may have discounts that include good driver, good student, early bird, mySafetyValet, TimeAway discount, bundled insurance, and air bags.
• Progressive offers discounts including online signing, good student, online quote discount, multi-policy, homeowner, continuous coverage, and multi-vehicle.
• Farmers Insurance offers discounts for youthful driver, mature driver, teen driver, pay in full, and homeowner.
• Auto-Owners Insurance may include discounts for mature driver, paid in full, multi-policy, anti-lock brakes, safe vehicle, and multiple vehicles.
• SAFECO has savings for anti-theft, teen safety rewards, teen safe driver, bundle discounts, and accident prevention training.

Before you buy a policy, ask all companies you are considering how many discounts you can get. Savings might not be offered on policies in Indianapolis. To see insurance companies that can offer you the previously mentioned discounts in Indiana, click this link.

Insurance agencies can help

A small number of people still prefer to sit down with an agent and that is recommended in a lot of cases Licensed agents can help determine the best coverages and help you file claims. A nice benefit of comparing insurance prices online is that you can find cheaper rates and still choose a local agent. And providing support for local insurance agencies is still important in Indianapolis.

Upon completion of this form (opens in new window), your information is transmitted to companies in Indianapolis who want to provide quotes for your insurance coverage. You never need to do any legwork since price quotes are sent to you. In the event you want to get a rate quote from one company in particular, just find their quoting web page to submit a rate quote request.

If you want to use local Indianapolis agents, it’s important to understand the types of insurance agents that differ in how they can insure your vehicles. Insurance agents can be categorized as either independent agents or exclusive agents. Either one can insure your vehicles, but it’s good to learn the subtle differences because it can factor into the selection process.

Independent Insurance Agencies

Independent agents do not sell for just one brand so as a result can place your coverage through many companies and find you cheaper rates. If you are not satisfied with one company, your agent can switch companies and you don’t have to find a new agent.

When shopping rates, you absolutely need to include price quotes from several independent agencies for maximum quote selection. Most can insure with small regional insurance companies that many times have cheaper rates.

Featured below is a list of independent insurance agencies in Indianapolis who may provide competitive price quotes.

• Shepherd Insurance and Financial Services
  111 Congressional Blvd Suite 100 – Carmel, IN 46032 – (317) 846-5554 – View Map
• McGowan Insurance Group, Inc.
  355 Indiana Ave – Indianapolis, IN 46204 – (317) 464-5000 – View Map
• Dalessandro Agency Inc – Titan Insurance
  4918 S Emerson Ave – Indianapolis, IN 46203 – (317) 780-2500 – View Map

View more agents

Exclusive Agencies

These type of agents write business for a single company and some examples include Farmers Insurance, Allstate, or State Farm. Exclusive agents cannot shop your coverage around so they are skilled at selling on more than just price. Exclusive insurance agents receive extensive training on sales techniques which helps them sell insurance even at higher premiums. Many people buy from exclusive agents primarily because of the brand name and the convenience of having all coverages with one company.

Below is a short list of exclusive insurance agencies in Indianapolis who can help you get comparison quotes.

• State Farm: David R Johnson
  4770 S Emerson Ave #J, Indianapolis 46203 – 4770 S Emerson Ave #J, IN 46203 – (317) 782-8858 – View Map
• Charlotte Adams-Jones – State Farm Insurance Agent
  5034 E 56th St – Indianapolis, IN 46226 – (317) 252-5933 – View Map
• Elizabeth Marshall – State Farm Insurance Agent
  6124 N College Ave – Indianapolis, IN 46220 – (317) 255-2700 – View Map

View more agents

Selecting an auto insurance agent shouldn’t rely on just a cheap price. These questions are important to ask:

• If your car is totaled, how to they determine the replacement cost?
• Do they get paid more for recommending certain coverages?
• How much will you save each year by using a higher deductible?
• Do they regularly work with personal auto policies in Indianapolis?
• What insurance companies do they recommend if they are an independent agent?
• Are you getting all the discounts the company offers?

Coverages available on your insurance policy

Understanding the coverages of your insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. Insurance terms can be impossible to understand and reading a policy is terribly boring.

Comprehensive (Other than Collision)

This pays for damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like a tree branch falling on your vehicle, hitting a bird, damage from getting keyed and theft. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Protection from uninsured/underinsured drivers

This coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Ford F-350.

Since a lot of drivers only carry the minimum required liability limits (25/50/10 in Indiana), their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently your uninsured/underinsured motorist coverages are set the same as your liability limits.

Medical expense insurance

Coverage for medical payments and/or PIP provide coverage for immediate expenses such as pain medications, doctor visits and rehabilitation expenses. They can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. It covers you and your occupants and also covers being hit by a car walking across the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Collision protection

This pays for damage to your F-350 resulting from a collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like hitting a parking meter, sustaining damage from a pot hole, crashing into a building, rolling your car and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. You can also choose a higher deductible on your F-350 to save money on collision insurance.

Auto liability insurance

This coverage provides protection from damage that occurs to other people or property in an accident. It protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 25/50/10 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $10,000 paid for damaged property. Another option is one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for claims such as pain and suffering, structural damage, funeral expenses, medical services and emergency aid. How much coverage you buy is your choice, but it’s cheap coverage so purchase as large an amount as possible. Indiana requires minimum liability limits of 25/50/10 but you should think about purchasing better liability coverage.

The illustration below demonstrates why the minimum limit may not be enough coverage.

One last note

Some insurance providers don’t offer the ability to get a quote online and most of the time these regional carriers only sell coverage through local independent agencies. Lower-priced car insurance in Indianapolis can be found on the web as well as from independent agents in Indianapolis, so you should be comparing quotes from both in order to have the best price selection to choose from.

Insureds switch companies for any number of reasons including delays in paying claims, denial of a claim, unfair underwriting practices and even delays in responding to claim requests. Whatever your reason, choosing a new insurance company can be easier than you think.

As you restructure your insurance plan, it’s a bad idea to buy less coverage just to save a little money. Too many times, an insured cut comprehensive coverage or liability limits to discover at claim time that the few dollars in savings costed them thousands. The ultimate goal is to buy enough coverage at the best possible price while not skimping on critical coverages.

More learning opportunities

• Liability Insurance Coverage (Nationwide)
• Who Has Cheap Car Insurance for a Chevrolet Traverse in Indianapolis? (FAQ)
• Who Has the Cheapest Auto Insurance for Teenagers in Indianapolis? (FAQ)
• Who Has Cheap Auto Insurance for Uninsured Drivers in Indianapolis? (FAQ)
• Who Has Affordable Car Insurance Quotes for Ride Shares in Indianapolis? (FAQ)
• Avoiding Deer Collisions (Insurance Information Institute)
• Five Tips to Save on Auto Insurance (Insurance Information Institute)
• Tread Depth and Tire Safety (State Farm)