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I have a 2005 F150 Ext cab 2x4 with 35K miles. I drive it less than 3000 mile annually.
It has regular maintenance. I need transportation as I live in a rural area. What I don't need is the high insurance rate.
What car are you trying to get? What is the insurance rate on the "new" car? What would the gas mileage be? I assume you had the F-150 for a reason, so you still need a truck? Too many unknowns here.
If you are going to buy another used car, you might be getting someone's headache, whereas your 2005 car is probably in pretty decent shape. That alone could wash all the potential savings. If your next car is going to be new, then you are looking in spending a lot of money to save pennies on insurance.
I have a 2005 F150 Ext cab 2x4 with 35K miles. I drive it less than 3000 mile annually.
It has regular maintenance. I need transportation as I live in a rural area. What I don't need is the high insurance rate.
I'm thinking of trading down. Good or bad idea?
Trading down to what exactly? A compact pickup (i.e. Dodge Dakota or Chevy Colorado)? Or a sedan?
At this point, more information is definitely needed to discuss the best route. Do you own the truck free and clear? If so, I'd probably shy away from trading it since you drive so little. It wouldn't financially make sense, you're basically robbing Peter to pay Paul...you're taking on another vehicle payment to save a few bucks on insurance.
Why is your insurance so high? I own a 2010 F-150 Crew Cab 4X4 and my insurance rate is actually quite low in my book. Phoenix is on the top 10 cities for auto theft in the nation so wherever you live couldn't be much worse than where I'm at.
I'm not sure why anyone who lives in a rural area would want to trade down from a pickup truck. I grew up on a farm in Iowa and everyone drove a truck, they're the single most useful vehicle you can purchase. If you want to get a compact truck to save on fuel costs, forget it...they don't average any better than a full-sized truck with a V6. I'd recommend an entry-level, regular cab F-150 with the V6 over ANY compact truck on the market.
But before giving any solid recommendations, could use some more information about what you're looking at.
If you want to get a compact truck to save on fuel costs, forget it...they don't average any better than a full-sized truck with a V6. I'd recommend an entry-level, regular cab F-150 with the V6 over ANY compact truck on the market.
Not always true. There are compact trucks that get better mpg than a V6 F-150.
Not always true. There are compact trucks that get better mpg than a V6 F-150.
Right, you have to think about it this way. The truck weights the same, The V6 has to work a lot harder to move the weight of the truck. I would image they get very similar mileage
Its paid off. My income is limited. My insurance is over $100 a month. My sight is limited. I limit myself to the grocery store two blocks away. My driver is fully insured.
Thats way high. My 2012 Sonata Turbo and 2007 Durango 5.7 4x4 are $90 month for both. I use Geico, $500 collision, $250 comprehensive.
Get some quotes.from insurance companies and keep the truck.
Do you have Allstate? I always found them way more.
It depends on where you live and how much coverage you carry and how old you are. (I know this isnt the point of the thread) but I am 30 carry 100/300 Full coverage plus uninsured/underinsured I drive an 06 Trailblazer and I pay $90 a month, so his figures do not seem out of line for me. I am with the Gecko as well. I live in an area where a large portion of the population does not have insurance, so thats part of the reason mine is so high
You would think with the OP living in a rural area where the car remains 95% of the time, it should be fairly cheap.
Here is a screenshot of my coverage from Geico, which is actually $99/month. I'm 30 and the wife is 29. I have medical insurance, so the $5,000 is all I cover for medical help.
I will just say that I had Allstate and was paying over $900 every 6 months for the same coverage. Never have filed a claim in my life. The local agent didn't try to get my business when I told her that Geico was about 50% cheaper. So definitely shop around, it sucks to find out you have been paying too much for car insurance
Last edited by PokerMunkee; 05-19-2012 at 10:01 AM..
You would think with the OP living in a rural area where the car remains 95% of the time, it should be fairly cheap.
Here is a screenshot of my coverage from Geico, which is actually $99/month. I'm 30 and the wife is 29. I have medical insurance, so the $5,000 is all I cover for medical help.
In Texas we have to carry Uninsured, which you don't carry for property.
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Trading down to what exactly? A compact pickup (i.e. Dodge Dakota or Chevy Colorado)? Or a sedan?
