Affordable Insurance for a Ford Transit Connect in Columbus

Really, the only way to get the cheapest Ford Transit Connect insurance in Columbus is to start comparing prices yearly from insurers who sell insurance in Ohio.

An important part of this process is to try to use identical deductibles and limits on each quote and and to get rate quotes from every insurance company. Doing this helps ensure an accurate price comparison and and a good selection of different prices.

Insurance rates Ford Transit Connect in ColumbusIt’s hard to believe, but nearly 70% of customers have been with the same company for a minimum of four years, and nearly half have never compared rates from other carriers. Many consumers in Columbus could save 55% a year by just comparing rate quotes, but they don’t know how much they could save if they switched to a cheaper policy.

Locating the most cost-effective insurance policy in Columbus seems hard but is not really that difficult. If you have a current insurance policy, you will surely be able to save money using the techniques presented in this article. Nevertheless, Ohio vehicle owners must understand how companies market on the web because it can help you find the best coverage.

Get Lower-cost Insurance Prices by Understanding These Factors

The best way to find cheaper insurance is to take a look at some of the things that aid in calculating the price you pay for insurance. If you have some idea of what influences your rates, this helps enable you to make changes that can earn you cheaper rates. Multiple criteria are considered when you get your auto insurance bill. Some factors are common sense such as your driving record, although some other factors are less apparent like where you live or how financially stable you are.

Ford Transit Connect coverage statistics

The premium table shown next highlights estimates of insurance costs for Ford Transit Connect models. Learning more about how premiums are established can benefit drivers when making smart choices when selecting a policy.

Ford Transit Connect Insurance Rates in Columbus, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Transit Connect XL 2WD $92 $214 $274 $16 $82 $678 $57
Transit Connect XLT 2WD $92 $214 $274 $16 $82 $678 $57
Get Your Own Custom Quote Go

Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Premium amounts do not factor in specific location which can influence auto insurance rates greatly.

Can higher deductibles save money?

When shopping for insurance, a common question is how high should the physical damage deductibles be. The data tables below may help to illustrate the price difference when you select higher and lower comp and collision deductibles. The first rate comparisons uses a $250 physical damage coverage deductible and the second set of rates uses a $1,000 deductible.

Ford Transit Connect insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Transit Connect XL 2WD $152 $296 $226 $14 $68 $781 $65
Transit Connect XLT 2WD $152 $296 $226 $14 $68 $781 $65
Get Your Own Custom Quote Go

Ford Transit Connect insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Transit Connect XL 2WD $94 $186 $226 $14 $68 $588 $49
Transit Connect XLT 2WD $94 $186 $226 $14 $68 $588 $49
Get Your Own Custom Quote Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Premium costs do not factor in garaging location in Columbus which can impact auto insurance rates significantly.

We can derive from the above data that using a $250 deductible will cost you roughly $16 more each month or $192 each year averaged for all Transit Connect models than selecting the higher $1,000 deductible. Because you would pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have at least 47 months between claim filings, you would come out ahead by selecting a higher deductible.

Ford Transit Connect liability-only versus full coverage

The illustration below shows the difference between Ford Transit Connect insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Ohio. The prices are based on no accidents, no driving violations, $1,000 deductibles, drivers are single, and no other discounts are factored in.

When to stop buying full coverage

There is no definitive formula of when to drop physical damage coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.

For example, let’s pretend your Ford Transit Connect claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $2,000 after paying your deductible. If you are paying more than $200 a year for full coverage, then you may need to consider dropping full coverage.

There are a few cases where buying only liability insurance is not financially feasible. If you haven’t satisfied your loan, you are required to maintain full coverage to protect the lienholder’s interest. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should maintain full coverage.

Do you qualify for discounts on Ford Transit Connect insurance in Columbus?

The cost of insuring your cars can be expensive, but you may qualify for discounts that could help you make your next renewal payment. Many discounts should be triggered at the time of quoting, but a few must be requested specifically before you will receive the discount.Cheaper car insurance with discounts

Keep in mind that most credits do not apply to the entire cost. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. So even though you would think you can get free auto insurance, it doesn’t quite work that way. But all discounts will reduce the amount you pay for coverage.

The illustration below illustrates the comparison of Ford Transit Connect car insurance rates with and without discounts applied to the policy rates. The rate quotes are based on a female driver, no driving violations, no at-fault accidents, Ohio state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, marriage, claim-free, multi-car, and homeowner discounts applied.

A few of the larger companies and the discounts they provide can be read below.

When quoting, ask each company the best way to save money. Some discounts may not be available in your state. To locate insurance companies with discount car insurance rates in Columbus, click this link.

More quotes mean more auto insurance savings

When shopping online for auto insurance, make sure you don’t skimp on coverage in order to save money. There are many occasions where someone sacrificed collision coverage only to regret they didn’t purchase enough coverage. Your goal is to buy a smart amount of coverage at a price you can afford, but do not sacrifice coverage to save money.

Budget-conscious Ford Transit Connect insurance is attainable on the web and also from your neighborhood Columbus agents, so you should compare both to get a complete price analysis. Some insurance providers don’t offer price quotes online and many times these regional carriers prefer to sell through independent agents.

Additional resources