A recent survey discovered that most car insurance buyers renewed their policy with the same company for at least the last four years, and just under half have never quoted rates to find affordable coverage. With the average car insurance premium being $2,200, Miami drivers can save roughly $1,100 each year by just shopping around, but they think it’s difficult to compare other rate quotes.
The best way we recommend to get more affordable car insurance rates in Miami is to compare quotes once a year from insurance carriers that sell auto insurance in Florida. Price quotes can be compared by completing these steps.
First, get a basic knowledge of how your policy works and the changes you can make to keep rates in check. Many risk factors that result in higher rates such as high-risk driving behaviors and bad credit can be improved by making lifestyle changes or driving safer. Continue reading for more ideas to find cheap prices and get additional discounts that may have been overlooked.
Second, compare price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can provide rates from a single company like GEICO and State Farm, while independent agencies can quote prices from multiple sources. View rates
Third, compare the new rates to your current policy premium to see if a cheaper rate is available in Miami. If you can save money and change companies, verify that coverage does not lapse between policies.
One thing to remember is that you use similar coverage information on each quote request and and to compare as many companies as feasibly possible. This helps ensure the most accurate price comparison and maximum price selection.
Why Informed Drivers Pay Less for Ford F-350 Insurance
Many things are used when you get your auto insurance bill. A few of the factors are predictable such as your driving history, but other criteria are less apparent such as your credit history or your vehicle rating. Part of the auto insurance buying process is learning some of the things that play a part in calculating auto insurance rates. If you understand what positively or negatively impacts your premiums, this enables you to make decisions that can help you get much lower annual insurance costs.
Shown below are some of the most common factors used by companies to determine your prices.
Costs may be higher where you live – Being located in a rural area may provide you with better prices when trying to find low car insurance rates. Urban drivers have to deal with more aggressive driving styles and much longer commute distances. Less people means less chance of accidents and lower theft and vandalism rates.
No insurance claims equals better prices – If you file claims often, you can definitely plan on either a policy non-renewal or much higher rates. Car insurance companies in Florida award the lowest premiums to policyholders who do not rely on their insurance for small claims. Your car insurance is designed for major claims that would cause financial hardship.
High coverage deductibles save money – Deductibles for physical damage represent how much money you are required to pay if the claim is covered. Coverage for physical damage, aka comp and collision, insures against damage to your car. Examples of some claims that would be covered could be rear-ending another vehicle, animal collisions, and having a roll-over accident. The more money you choose to pay out-of-pocket, the lower your rates will be.
Incidental coverages you don’t use – There are a lot of extra coverages that can add up but may not be useful. Coverage for things like rental car reimbursement, accidental death, and extra equipment coverage may be wasting your money. They may seem like a good idea when you first buy your policy, but if you’ve never needed them in the past eliminate them to save money.
Don’t skimp on liability coverage – Your policy’s liability coverage will provide protection when you are determined to be liable for causing personal injury or damage in an accident. It will provide legal defense to defend your case. Carrying liability coverage is mandatory and cheap when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.
Insurance loss data for Ford F-350 vehicles – Insurance companies study historical loss data as a way to help calculate a profitable premium price. Vehicles that statistically have higher number or severity of losses will cost more to insure. The data below shows the collected loss data for Ford F-350 vehicles.
For each type of coverage, the claim probability for all vehicles, without regard to make or model, is a value of 100. Values that are below 100 indicate a favorable loss history, while percentage values above 100 indicate frequent claims or an increased chance of larger losses than average.
| Specific Ford Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Ford F-350 4WD | 78 | 54 | ||||
| Ford F-350 SuperCab 4WD | 66 | 90 | 98 | |||
| Ford F-350 SuperCrew 2WD | 108 | 232 | ||||
| Ford F-350 SuperCrew 4WD | 96 | 134 | 179 | 47 | 44 | 90 |
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Car insurance statistics for a Ford F-350
The rate information shown below highlights a range of insurance premium costs for Ford F-350 models. Having a better understanding of how car insurance premiums are determined can assist in making smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| F-350 XL Crew Cab 4WD | $348 | $748 | $708 | $42 | $212 | $2,058 | $172 |
| F-350 XL Super Cab 4WD | $348 | $748 | $708 | $42 | $212 | $2,058 | $172 |
| F-350 XL Super Cab 2WD | $388 | $636 | $472 | $28 | $142 | $1,666 | $139 |
| F-350 Super Cab Cabela Package 4WD | $388 | $748 | $708 | $42 | $212 | $2,098 | $175 |
| F-350 Super Cab Cabela Package 2WD | $388 | $748 | $472 | $28 | $142 | $1,778 | $148 |
| F-350 XL Crew Cab 2WD | $388 | $748 | $472 | $28 | $142 | $1,778 | $148 |
| F-350 Crew Cab Harley Edition 4WD | $388 | $748 | $708 | $42 | $212 | $2,098 | $175 |
| F-350 Super Cab Harley Edition 4WD | $388 | $748 | $708 | $42 | $212 | $2,098 | $175 |
| F-350 Crew Cab King Ranch 4WD | $388 | $748 | $708 | $42 | $212 | $2,098 | $175 |
| F-350 XLT Crew Cab 4WD | $388 | $748 | $708 | $42 | $212 | $2,098 | $175 |
| F-350 XL Super Cab Turbo Diesel 4WD | $388 | $748 | $708 | $42 | $212 | $2,098 | $175 |
| F-350 XLT Super Cab 4WD | $388 | $748 | $708 | $42 | $212 | $2,098 | $175 |
| F-350 XLT Super Cab 2WD | $388 | $748 | $472 | $28 | $142 | $1,778 | $148 |
| F-350 XL Crew Cab Cabela Package 2WD | $388 | $748 | $472 | $28 | $142 | $1,778 | $148 |
| F-350 XL Crew Cab King Ranch 2WD | $388 | $748 | $472 | $28 | $142 | $1,778 | $148 |
| F-350 Crew Cab Lariat 4WD | $388 | $862 | $708 | $42 | $212 | $2,212 | $184 |
| F-350 Crew Cab King Ranch Turbo Diesel 4WD | $388 | $862 | $708 | $42 | $212 | $2,212 | $184 |
| F-350 Crew Cab Cabela Package 4WD | $388 | $862 | $708 | $42 | $212 | $2,212 | $184 |
| F-350 XL Crew Cab Turbo Diesel 4WD | $388 | $862 | $708 | $42 | $212 | $2,212 | $184 |
| F-350 Super Cab Lariat 4WD | $388 | $862 | $708 | $42 | $212 | $2,212 | $184 |
| F-350 Super Cab Cabela Turbo Diesel 4WD | $388 | $862 | $708 | $42 | $212 | $2,212 | $184 |
| F-350 XLT Super Cab Turbo Diesel 4WD | $388 | $862 | $708 | $42 | $212 | $2,212 | $184 |
| F-350 Super Cab Lariat 2WD | $428 | $748 | $472 | $28 | $142 | $1,818 | $152 |
| F-350 XL Super Cab Turbo Diesel 2WD | $428 | $748 | $472 | $28 | $142 | $1,818 | $152 |
| F-350 Super Cab Harley Edition 2WD | $428 | $748 | $472 | $28 | $142 | $1,818 | $152 |
| F-350 XLT Crew Cab 2WD | $428 | $748 | $472 | $28 | $142 | $1,818 | $152 |
| F-350 XLT Crew Cab Lariat 2WD | $428 | $748 | $472 | $28 | $142 | $1,818 | $152 |
| F-350 XLT Crew Cab Harley Edition 2WD | $428 | $748 | $472 | $28 | $142 | $1,818 | $152 |
| F-350 XL Crew Cab Turbo Diesel 2WD | $428 | $748 | $472 | $28 | $142 | $1,818 | $152 |
| F-350 Super Cab Lariat Turbo Diesel 4WD | $428 | $862 | $708 | $42 | $212 | $2,252 | $188 |
| F-350 XLT Crew Cab Turbo Diesel 4WD | $428 | $862 | $708 | $42 | $212 | $2,252 | $188 |
| F-350 Crew Cab Harley Turbo Diesel 4WD | $428 | $862 | $708 | $42 | $212 | $2,252 | $188 |
| F-350 Super Cab Harley Turbo Diesel 4WD | $428 | $862 | $708 | $42 | $212 | $2,252 | $188 |
| F-350 XLT Crew Cab Cabela Turbo Diesel 2WD | $428 | $862 | $472 | $28 | $142 | $1,932 | $161 |
| F-350 XLT Crew Cab King Ranch Turbo Diesel 2WD | $428 | $862 | $472 | $28 | $142 | $1,932 | $161 |
| F-350 Super Cab Harley Turbo Diesel 2WD | $428 | $862 | $472 | $28 | $142 | $1,932 | $161 |
| F-350 Super Cab Cabela Turbo Diesel 2WD | $428 | $862 | $472 | $28 | $142 | $1,932 | $161 |
| F-350 Super Cab XLT Turbo Diesel 2WD | $428 | $862 | $472 | $28 | $142 | $1,932 | $161 |
| F-350 Crew Cab Lariat Turbo Diesel 4WD | $428 | $862 | $708 | $42 | $212 | $2,252 | $188 |
| F-350 Crew Cab Cabela Turbo Diesel 4WD | $428 | $862 | $708 | $42 | $212 | $2,252 | $188 |
| F-350 Crew Cab Lariat Turbo Diesel 2WD | $428 | $862 | $472 | $28 | $142 | $1,932 | $161 |
| F-350 Super Cab Lariat Turbo Diesel 2WD | $428 | $862 | $472 | $28 | $142 | $1,932 | $161 |
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Data variables include single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Rates do not factor in your specific Miami location which can lower or raise prices significantly.
The diagram below illustrates how choosing a deductible and can change Ford F-350 yearly insurance costs for different categories of driver ages. The data assumes a married female driver, comprehensive and collision coverage, and no discounts are factored in.
Impact of citations and accidents on Miami insurance rates
The diagram below demonstrates how citations and at-fault claims drive up Ford F-350 insurance rates for different insured age categories. Data assumes a married male driver, full physical damage coverage, $250 deductibles, and no additional discounts are factored in.
Premiums by gender and age
The illustration below shows the difference between Ford F-350 auto insurance rates for male and female drivers. The costs are based on no claims or violations, full physical damage coverage, $1,000 deductibles, drivers are single, and no discounts are applied.
Full coverage rates vs. liability-only in Miami
The example below shows the comparison of Ford F-350 insurance premiums with liability coverage only compared to full coverage. The premium estimates are based on no claims or violations, $250 deductibles, single marital status, and no other discounts are factored in.
Are you wasting money paying for full coverage?
There isn’t a steadfast formula to exclude physical damage insurance, but there is a general convention. If the annual cost of having full coverage is 10% or more of replacement cost minus your deductible, then you might want to consider buying only liability coverage.
For example, let’s say your Ford F-350 replacement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $5,000 after paying the physical damage deductible. If it’s costing you more than $500 a year for your policy with full coverage, the it may be a good time to stop paying for full coverage.
There are a few cases where dropping physical damage coverage is not a good idea. If you haven’t paid off your loan, you have to keep full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not opt for liability only.
Discounts can help lower premiums on Ford F-350 insurance in Miami
Some companies don’t always list every discount they offer very clearly, so the list below details both the well known and also the lesser-known credits available to you. If you check and find you aren’t receiving every discount you deserve, it’s possible you qualify for a lower rate.
- Driving Data Discount – Miami drivers who agree to allow their auto insurance company to study when and where they use their vehicle by installing a telematics device such as Drivewise from Allstate or Snapshot from Progressive may get a rate reduction if they exhibit good driving behavior.
- ABS Brakes – Vehicles with ABS braking systems or traction control can reduce accidents so companies give up to a 10% discount.
- No Claims – Miami drivers who stay claim-free can save substantially in comparison to accident-prone drivers.
- Student Driver Training – Make teen driver coverage more affordable by requiring them to enroll in driver’s education if it’s offered in school.
- Accident Forgiveness Coverage – This one isn’t a discount, but some insurance companies permit an accident before they charge you more for coverage as long as you don’t have any claims for a particular time prior to the accident.
- Discount for Passive Restraints – Vehicles equipped with air bags or automatic seat belts may get savings up to 30%.
One last thing about discounts, most of the big mark downs will not be given to the entire policy premium. Some only reduce the price of certain insurance coverages like comprehensive or collision. Just because you may think adding up those discounts means a free policy, that’s just not realistic.
The diagram below illustrates the difference between Ford F-350 premium costs with and without discounts. Data assumes a female driver, no violations or accidents, Florida state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, homeowner, multi-car, marriage, and multi-policy discounts applied.
A list of companies and a partial list of their discounts are included below.
- GEICO policyholders can earn discounts including membership and employees, federal employee, multi-policy, defensive driver, and daytime running lights.
- MetLife offers premium reductions for defensive driver, claim-free, good driver, multi-policy, and good student.
- State Farm has savings for Steer Clear safe driver discount, good driver, safe vehicle, anti-theft, driver’s education, accident-free, and good student.
- Progressive offers discounts for continuous coverage, good student, multi-policy, multi-vehicle, and online signing.
- Mercury Insurance includes discounts for professional/association, low natural disaster claims, multi-car, anti-theft, and age of vehicle.
- 21st Century may have discounts that include automatic seat belts, air bags, homeowners, anti-lock brakes, driver training, student driver, and 55 and older.
- Allstate may offer discounts for EZ pay plan discount, eSmart discount, multi-policy, anti-theft, defensive driver, and auto/life discount.
Double check with every company which discounts can lower your rates. All car insurance discounts may not be offered in Miami. For a list of auto insurance companies with the best discounts in Florida, click this link.
Cheap insurance rates are out there
In this article, we presented quite a bit of information on how to compare Ford F-350 insurance car insurance rates in Miami. The most important thing to understand is the more rate comparisons you have, the better your comparison will be. You may even discover the best car insurance rates are with some of the lesser-known companies.
Budget-conscious Ford F-350 insurance is possible both online and from local agencies, so you need to quote Miami auto insurance with both to get a complete price analysis. Some insurance companies may not provide online quoting and many times these small, regional companies only sell through independent insurance agents.
Insureds leave their current company for a number of reasons such as denial of a claim, delays in responding to claim requests, unfair underwriting practices and even not issuing a premium refund. Whatever your reason, finding a new insurance company can be pretty painless.
For more information, feel free to browse the following helpful articles:
- Property Damage Coverage (Liberty Mutual)
- Who Has Affordable Miami Car Insurance Quotes for Infrequent Drivers? (FAQ)
- Who Has Affordable Miami Auto Insurance for Felons? (FAQ)
- Who Has the Cheapest Auto Insurance for Electric Cars in Miami? (FAQ)
- What Car Insurance is Cheapest for a Ford Explorer in Miami? (FAQ)
- Who Has Cheap Miami Auto Insurance Quotes for Teachers? (FAQ)
- Who Has Affordable Miami Auto Insurance Rates for a Nissan Sentra? (FAQ)
- Insurance Losses by Make and Model (iihs.org)
- Car Insurance FAQ (Trusted Choice)
- Auto Insurance Facts and Statistics (Insurance Information Institute)
- How Can I Save Money on Auto Insurance? (Insurance Information Institute)