Who Has the Cheapest Insurance Quotes for a Ford F-150 in Illinois?

When talking about auto insurance, the word cheap really shouldn’t be used anywhere in the article as a descriptor for car insurance rates. Excuse the oxymoron, but cheap auto insurance for a Ford F-150 is not easy to find. We’ll try to make it up to you, because we are going to tell you how you can still find auto insurance that may not be cheap, but it is affordable.

The likelihood of finding cheaper insurance for a Ford F-150 in Illinois is contingent on a complex rating formula that takes into consideration things like if you have purchased a home, your claims history, and any past driving violations you may have had. Illinois drivers on average pay around $1,070 annually to insure a F-150, but that rate is a valuation rating a 30-year-old single female that includes comprehensive and collision coverage and $250 physical damage deductibles.

When estimating a car insurance rate like we just did, the issue is that you are not 30 years old and maybe not even female, maybe you are married instead of single, or maybe you’ve had an at-fault accident or two. Just a minor change in rating factors can generate big changes in the policy rate.

Everone’s needs are different, and this illustrates why the way we recommend to find cheap insurance rates for your Ford is to start the habit of comparing rates at least once a year. Price quotes are quick and you will be able to see rates from some of the best companies that offer coverage in Illinois.

Compare Ford F-150 Insurance Rates

Vehicle trim level has an effect on the insurance rate, so the cost to insure a F-150 XL Regular Cab 2WD trim level will cost $308 less than the price to insure the higher-end F-150 Lariat Crew Cab Platinum 4WD version, as shown in the table below.

Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Illinois minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Premium costs do not factor in your specific Illinois location which can alter coverage rates greatly.

Illinois auto insurance companies ranked

Insuring your vehicle with the best insurance company can be challenging considering how many companies sell insurance in Illinois. The information in the next section may help you pick which insurers to look at when insurance shopping for a Ford F-150.

These ratings are only made up of the largest auto insurers in America, so companies that may only write in Illinois are not factored into this list. If you’d like to compare prices from the most competitive companies in Illinois, simply click here.

Discounts on Illinois insurance rates

Insurance providers that offer the cheapest insurance for a Ford F-150 in Illinois may have rate discounts that may potentially lower prices by 40% or more if you meet specific criteria. Companies and their offered discounts are outlined below.

The illustration below illustrates the comparison of insurance premiums with and without discounts. The costs are based on a female driver, no violations or accidents, Illinois state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with multiple vehicle, vehicle safety, anti-theft, defensive driving course, multiple policy, and homeowner discounts applied. When discounts are applied, the average savings per year on auto insurance for a Ford F-150 is 13% or $361.

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Rate comparison of full coverage and liability-only

Finding the cheapest insurance for a Ford F-150 in Illinois is probably important to most people, and an effective way to find cheap insurance is to buy liability only. The diagram below visualizes the comparison of insurance prices with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The price estimates are based on no claims or driving violations, $100 deductibles, drivers are single, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 2797,933],[‘Age 30’, 1481,515],[‘Age 40’, 1453,477],[‘Age 50’, 1321,447],[‘Age 60’, 1279,441],[‘Age 70’, 1551,587]]);var options = {title: ‘Full Coverage and Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Ford F-150 in Illinois’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

As an average for all age groups, physical damage coverage costs $1,647 per year over and above liability only. That may make you wonder if paying for full coverage is a waste of money. There is no written rule for excluding full coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.

For example, let’s assume your vehicle’s claim settlement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $2,000 after the deductible is paid. If premiums are more than $200 annually to have full coverage, then it may be the right time to buy liability only.

Who has the cheapest Ford F-150 insurance quotes?

There are many different ways to get affordable auto insurance quotes in Illinois, but the most common ways are through a captive (or exclusive) agent like Liberty Mutual or Allstate, an independent agent, or direct online or over the phone from a company like Geico or Progressive. They all have the same end result, but it’s important to understand the differences in how they work.

Independent agencies have contracts with many companies and can quote your policy with every one. These types of agents do not work for one specific company and can give you more rates, which can help you get improved odds of finding cheaper coverage. If they find a cheaper price, your agent can switch companies which prevents you from having to switch agents.

An exlusive, or captive, agency is only able to give prices for one insurance company, examples being Allstate and Liberty Mutual agents. These guys and gals cannot provide a range of price quotes, so if their prices are high, they cannot shop around.

Consumers who buy auto insurance direct do not use the middleman (the agent) and instead buy from a direct company like Geico or Progressive. Shopping direct may be a decent choice consumers who have an average risk profile and understand what coverage options they need.

Which way is best for finding the cheapest insurance for a Ford F-150 in Illinois? Most people assume that shopping direct results in the cheapest price since there is no need to pay agent commissions, but that does not always hold true. It could also be said using an independent agent results in the cheapest rates since they have access to many companies, but that idea is not necessarily true either. And occasionally, exclusive agencies have very competitive rates that independents and direct companies can’t touch.

Due to that fact that auto insurance uses so many rating variables, the best way to get the cheapest rates is to compare lots of quotes. Smart shoppers will get price quotes from independent, exclusive, and direct to give yourself the best selection. For a list of companies with online discounts, click here to view.

Find the cheapest insurance for a Ford F-150 in Illinois

The list below shows some of the better thrifty solutions that can help you quote low-cost coverage.

• Accidents can significantly increase rates
• Ensure your driving record is clean
• Try to pay small claims out-of-pocket
• Vehicles with safetly features generally cost less to insure
• Home or renters coverage can save on auto insurance
• Shop around for cheaper prices often

The last tip is notably crucial, as we emphasized in the prior information. Prices charged by car insurance companies change frequently, so don’t be unwilling to switch carriers if a better deal can be had. Having a favorite company is fine, but it’s not recommended if that devotedness results in you overpaying lots of money. Take a couple minutes and compare rates and find cheaper insurance for a Ford F-150.

Progressive, Geico, Allstate, and State Farm: Who is best?

When it comes to buying insurance for a F-150 pickup in Illinois, probably the best companies to start with are Progressive, Geico, Allstate, and State Farm. Combined they insure over 45% of all auto insurance policies in force. The next table illustrates some of the different features you can expect with each one.