Save on 1991 Ford Five Hundred Car Insurance Quotes

Confused by the wide range of auto insurance companies? Lot’s of other consumers are too. Drivers have so many companies to choose from that it can easily become a ton of work to compare prices.

If you are paying for car insurance now, you will most likely be able to save some money using these methods. This article will instruct you on how car insurance quotes work and some money-saving tips. Nevertheless, consumers need to have an understanding of the methods companies use to determine prices and use this information to your advantage.

Factors that can influence Ford Five Hundred insurance rates

Smart consumers have a good feel for some of the elements that come into play when calculating your insurance coverage rates. Understanding what influences your rates helps enable you to make changes that may reward you with much lower annual insurance costs.

The list below includes some of the items that factor into rates.

  • Do you know your deductibles? – Deductibles for physical damage represent how much money you are required to spend if you file a covered claim. Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Some examples of claims that would be covered could be colliding with a building, damage caused by hail, and burglary. The more the insured has to pay upfront, the bigger discount you will receive for Five Hundred coverage.
  • Theft deterrents lower rates – Owning a car with a theft deterrent system can get you a discount on your insurance coverage. Anti-theft features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent your car from being stolen.
  • Liability coverage is peace of mind – Liability insurance will protect you if ever you are found liable for damages from an accident. Liability provides for a legal defense which can be incredibly expensive. This coverage is very inexpensive compared to physical damage coverage, so drivers should carry high limits.
  • Bundling policies can get discounts – The majority of insurance coverage companies will give a discount to policyholders who buy several policies from them. It’s known as a multi-policy discount. Discounts can amount to ten or even up to twenty percent in some cases. Even if you’re getting this discount you may still want to shop around to verify if the discount is saving money.
  • Always keep insurance in force – Driving your car without having proper coverage is against the law and your next policy will cost more because you let your insurance expire. And not only will insurance be more expensive, but not being able to provide proof of insurance may earn you a steep fine or even jail time.

Pay less by taking advantage of discounts

Insuring your fleet can be pricey, but companies offer discounts to cut the cost considerably. Certain discounts will be applied at the time of purchase, but some must be asked about before being credited.

  • Drive Safe and Save – Insureds without accidents may save up to 50% more for Five Hundred coverage than their less cautious counterparts.
  • Paperless Signup – Some insurance companies give back up to $50 for buying your policy on their website.
  • Accident Forgiveness – A few companies will allow you to have one accident before your rates go up if you are claim-free for a certain period of time.
  • Passive Restraints – Vehicles equipped with air bags or motorized seat belts can get savings up to 30%.
  • Drivers Ed for Students – Cut your cost by having your teen driver take driver’s ed class if it’s offered in school.
  • Anti-theft Discount – Vehicles with anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Homeowners Pay Less – Owning a house can help you save on car insurance due to the fact that maintaining a home is proof that your finances are in order.
  • Low Mileage Discounts – Keeping the miles down on your Ford can earn better rates on cars that stay parked.
  • Defensive Driving Course – Completing a course in driver safety could cut 5% off your bill if you qualify.

Drivers should understand that some credits don’t apply to all coverage premiums. A few only apply to the cost of specific coverages such as liability and collision coverage. So when it seems like you could get a free car insurance policy, companies wouldn’t make money that way. But any discount will bring down your premiums.

For a list of insurance companies who offer car insurance discounts, follow this link.

Don’t believe everything you hear

State Farm, GEICO and Progressive continually stream ads in print and on television. All the companies say the same thing that you can save after switching to their company. How do they all say the same thing? It’s all in the numbers.

All the different companies are able to cherry pick for the type of driver they prefer to insure. A good example of a desirable insured might be profiled as over the age of 40, insures multiple vehicles, and has a high credit rating. Any driver who fits that profile will get the preferred rates and therefore will pay quite a bit less when switching companies.

Potential insureds who don’t meet the “perfect” profile will have to pay a higher premium which usually ends up with business going elsewhere. The ad wording is “customers that switch” not “everyone that quotes” save that kind of money. That’s why insurance companies can state the savings.

Because of the profiling, drivers should get a wide range of price quotes. Because you never know the company that will give you the biggest savings on Ford Five Hundred insurance.

Your coverage should be tailored to you

When it comes to buying adequate coverage, there really is not a one size fits all plan. Every insured’s situation is different.

For instance, these questions may help you determine if your insurance needs could use an agent’s help.

  • What are the financial responsibility laws in my state?
  • Do I pay less for low miles?
  • Does my policy pay for OEM or aftermarket parts?
  • How can I get my company to pay me more for my totalled car?
  • Should I have a commercial auto policy?
  • What is the ISO rating for a 1991 Ford Five Hundred?
  • Am I covered if my car is in a flood?

If you’re not sure about those questions but a few of them apply then you might want to talk to an insurance agent. To find an agent in your area, take a second and complete this form.

Insurance coverages and their meanings

Having a good grasp of your insurance policy aids in choosing which coverages you need and proper limits and deductibles. Insurance terms can be ambiguous and reading a policy is terribly boring.

Insurance for medical payments

Coverage for medical payments and/or PIP kick in for expenses for things like X-ray expenses, surgery, chiropractic care, ambulance fees and dental work. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as theft, hitting a deer, a broken windshield and damage from getting keyed. The most you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Collision coverage

This pays for damage to your Five Hundred caused by collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as rolling your car, sideswiping another vehicle, hitting a parking meter and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Ford Five Hundred.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Liability

Liability coverage will cover injuries or damage you cause to other people or property that is your fault. It protects YOU from claims by other people. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 which stand for $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Some companies may use one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage protects against claims such as loss of income, attorney fees and legal defense fees. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Pennies from heaven

People who switch companies do it for a number of reasons such as denial of a claim, lack of trust in their agent, questionable increases in premium or high rates after DUI convictions. No matter why you want to switch, finding a great new company can be pretty painless.

We’ve covered a lot of techniques to save on 1991 Ford Five Hundred insurance. It’s most important to understand that the more price quotes you have, the better your chances of lowering your rates. You may even discover the lowest premiums are with the smaller companies.

Lower-priced insurance is possible both online and also from your neighborhood agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some insurance providers may not provide the ability to get a quote online and most of the time these regional insurance providers sell through independent agents.

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