Buying car insurance is just one cost associated with owning a Ford Transit. You can get the best possible rates by shopping around, but getting multiple quotes is time-consuming and the information can be confusing. An independent insurance agent can help make driving your Transit less expensive by getting your great rates on a car insurance policy that meets the requirements of your state.
Not sure where to find an independent insurance agent in your area?
TrustedChoice.com has a find-an-agent tool that can match you with a local independent insurance agent who will walk you through your options and help you find the best possible coverage for your Ford Transit.
What Kind of Insurance Do You Need for Your Ford Transit?
Bodily injury liability: If you cause an accident and someone is hurt, your bodily injury liability policy pays for the cost of physical recovery and medical care. This is required coverage in most places, but you may want to purchase more than the minimum required amount.
Property damage liability: If you cause damage to someone else's property while driving your Transit, your property damage liability policy pays to repair or replace the items. This coverage only works up to the policy's stated maximums. Your agent can help you decide how much property damage and bodily injury liability coverage you need.
Medical payments/Personal injury protection: Medical payments and personal injury protection help pay medical bills for you and your passengers after an accident, regardless of who is at fault. In some states this coverage is mandatory.
Uninsured motorist coverage: Uninsured and underinsured motorist coverage pays for costs related to an accident if you aren't at fault and the other driver doesn't have enough insurance. It's illegal to drive without insurance in many states, but you could still be left with repair and medical bills.
Collision: Collision insurance coverage handles repairs or pays to replace your Transit if you are in an accident with another vehicle. With collision and comprehensive coverage, you'll pay your deductible before insurance kicks in.
Comprehensive: Comprehensive insurance coverage pays to repair or replace your Transit if you are in an accident or there's an incident that doesn't fall under your collision policy. This includes theft, vandalism, falling objects, and hitting an animal in the road.
Your lender may require you to carry collision and comprehensive on your Ford Transit with certain minimum coverage amounts.
Glass coverage: A zero-deductible glass policy pays to fix broken glass on your Ford Transit. This coverage costs just a few dollars each month and prevents you from having to pay for this expensive repair out of pocket.
Gap Insurance: If your outstanding loan or lease balance is more than the market value of your Ford Transit, gap insurance may be a smart choice. If you are in an accident that totals your Transit, you'll have to pay the difference between the insurance company's payout and the total amount due to the bank. Gap insurance covers the difference so you don't have to.
What Affects the Cost of Insurance for Your Ford Transit?
Annual mileage: Driving your Transit more the 10,000 to 15,000 miles each year could drive your insurance premiums up a bit.
Your driving record: Transit drivers who have caused accidents in the past or have moving violations may see annual rates that are $1,500 to $2,100 higher than average.
The value of your vehicle: Insurance companies use the manufacturer's suggested retail price (MSRP) of your Transit to help calculate insurance rates. A vehicle with a higher MSRP also has higher-priced collision and comprehensive coverage. Here's how owning a newer Ford Transit may affect your rates:
|Average Annual Ford Transit Insurance Rates by Model Year|
|2018 Ford Transit:||$1,248|
|2016 Ford Transit:||$1,234|
|2014 Ford Transit:||$1,190|
|2012 Ford Transit:||$1,124|
Average Ford Transit Insurance Costs
The average 40-year-old Ford Transit driver pays $1,248 annually for full coverage auto insurance. A liability-only insurance policy costs an average of $130 per year with mid-range bodily injury liability and property damage liability coverage.
The Safety of Your Ford Transit
The Ford Transit has a number of safety features that contribute to its low insurance rates. Make sure your agent is aware of any optional safety features you have with your Transit, as these can help reduce your insurance premiums. If you are shopping for a transit, talk with your agent about how features like forward collision warning or automatic emergency braking could help earn you a rate discount.
How Location Affects Your Ford Transit Insurance
Where you live has a big effect on your car insurance premiums. Your agent can help you get a personalized quote that takes your location into consideration so you have a better idea of what to expect.
Here's how average Ford Transit full coverage insurance rates for a 40-year-old driver with a good driving record and a $500 deductible may change from one place to the next:
|Rural Areas:||Small Cities:||Large Cities:|
Additional Factors that Affect Your Ford Transit Insurance Premiums
- Safety features like anti-theft devices
Average Cost to Insure a Ford Transit
|Average annual cost to insure a Ford Transit with full coverage:||$1,248|
|Top three most expensive states for Ford Transit insurance:|
|Vermont, New Hampshire, and Missouri||$1780|
|Top three most affordable states for Ford Transit insurance:|
|Louisiana, New York, and Michigan||$960|
Top Independent Insurance Carriers That Insure the Ford Transit
According to a recent US Independent Insurance Agent Satisfaction Study by JD Power, the following companies provide excellent service to their insurance customers:
- Auto-Owners Insurance
Get a Ford Transit Quote
Your independent insurance agent can help you understand the auto insurance laws in your area while balancing the coverage you need with premiums that fit into your budget. Use the TrustedChoice.com find-an-agent tool to locate an agent in your town. Get started today and lock in great rates with the best coverage for your Ford Transit.
TrustedChoice.com Article | Reviewed by Greg Safford
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IIHS, Consumer Reports, Quote Inspector, iii.org, JD Power, Car and Driver