Insure Your Ford Truck for Less By Raising Your Deductible
Ford trucks have dominated American automotive culture for over six
decades. Unfortunately, since most Ford trucks and SUVs have large
engines with tons of horsepower, they usually cost an arm and a leg to
insure. Luckily, truck owners can slash insurance costs by raising
High Deductible = Low Premium
Here’s a simple rule of thumb: the higher your deductible, the lower
your premium. The Insurance Information Institute reports that raising
your deductible from $250 to $1,000 could cut your premium by 40
percent or more. You’ll pay more out-of-pocket should you file a claim,
but reducing your insurance premium may be well worth it.
Choosing a Deductible
Ford truck drivers, listen up: When deciding on your insurance
deductible, choose the highest amount you can afford. If you can only
afford a $500 deductible, don’t go overboard with a $1,000 deductible.
You will be responsible for paying the full deductible when you file a
claim, so have at least that much on hand.
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