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post #1 of 27 Old 08-17-2011, 03:15 AM Thread Starter
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F-550 Insurance

Calling all F-550 owners. Where are you currently insuring your vehicle? Are you insuring it commercial or personal?

Reason for asking is that I came across a great deal on a 2000 F-550, and went ahead and purchased the truck. Trust me. It was worth it! I will be using it to tow my mud truck around.

I was quoted by my current policy holder (Geico). 12 months, full coverage, $2330. Now... for someone who will not drive the truck during the fall/winter months, AND not put on more than a 1000 miles a year... this is not a realistic policy for me.

Now this was a quote for a commercial policy. I understand the truck is a commercial grade vehicle, however I am NOT using this for business in any shape or form. Therefore I believe someone among you F-550 owners must have a similar scenario to mine. You simply might just use it to haul your boat, or camper.

Any information or leads would be greatly appreciated. Thank you!
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post #2 of 27 Old 08-17-2011, 03:44 AM
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The commercial policy come in for some states because of one or two reasons.
1. In some states if a vehicle has more than 4 tires on the ground it has to registered as commercial.
2. The GVW of the vehicle exceeds 10000 pounds.
Now I know there may be more reasons, but these are the case in a lot of states.
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post #3 of 27 Old 08-17-2011, 04:00 AM Thread Starter
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I understand this for registration reasons, yes. It is over 10k. So with that said, are you saying because its registered commercial, it has to be insured commercial? This in my opinion is ridiculous. I'm sure there are ways...
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post #4 of 27 Old 08-17-2011, 04:05 AM
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Not nessacaraly, I think you're getting slammed with the commercial fee because the F550 is sold as a C&C. The pickups don't normally require the commercial insurance.

I would call around to a couple of other companies and see if anyone will beat your quote. What's the GCWR on your F550?
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post #5 of 27 Old 08-17-2011, 04:13 AM Thread Starter
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GCWR? I don't know. Unless that is the same as GVWR, which is 17,500 lbs.
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post #6 of 27 Old 08-17-2011, 04:27 AM
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I cant find anything on a F550 with a 17.5K GVWR, see that figure listed on a Towing Capacity though, which puts your truck in the 26K GCWR figures.

(The F550's for that era all had 4.88 gears, the standard was a 26K GCWR, and the heavy weight tow package which bumped it to 30K GCWR)

If you're registered at 17.5K, that explains why you're being pegged with commercial. Most private policies will only cover a GVWR of 14K (which is what all the pick ups fall under right now, the new F450 pickup is rated at 13.3K). I would verify your registration against your door sticker, and see if thats the mixup. Then make some calls in regards to your local laws. I'm pretty sure you'll still need a commercial policy.
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post #7 of 27 Old 08-17-2011, 04:45 AM Thread Starter
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If you're registered at 17.5K, that explains why you're being pegged with commercial. Most private policies will only cover a GVWR of 14K (which is what all the pick ups fall under right now, the new F450 pickup is rated at 13.3K). I would verify your registration against your door sticker, and see if thats the mixup. Then make some calls in regards to your local laws. I'm pretty sure you'll still need a commercial policy.
I don't see what my registration has to do with my insurance. I could simply tell the DMV the truck is rated at 10,000. The title does not state GVWR anywhere on it. Point is, I believe the insurance company doesn't know or care what the truck is registered as. There are held to law about what minimum state coverages are placed on a vehicle. But how they chose to do so (personal, or commercial) is there preference.

Or another example, you can still insure a vehicle and never register it. I understand thats now how you are supposed to do it, BUT you can.

Last edited by mturner2003; 08-17-2011 at 04:49 AM.
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post #8 of 27 Old 08-17-2011, 04:48 AM Thread Starter
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My reason for this is that during my research online, F-550 owners who go through State Farm do not have commercial policies.

However, my orignal intent was to see what all F-550 owners on here my have. They may have a better deal or policy than State Farm ya know?
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post #9 of 27 Old 08-17-2011, 04:50 AM
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Might want to check in your state to try and register it lighter. Here in ks you register for whatever you want. Mine is registered at 24k because my heaviest trailer puts me at 23k combined so I'm legal. I have american family and they don't care what weight it is. I was going to buy a 450 and asked them of I had to go with commercial or personal. They asked what I would use it for, told em personal and they were just fine with that.


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post #10 of 27 Old 08-17-2011, 04:53 AM
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It was a suggestion, I don't know the laws for each state and each insurance company.
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