1992 Ford Five Hundred Insurance Cost – 6 Policy Discounts

Consumers have lots of choices when looking for affordable Ford Five Hundred insurance. You can either waste hours driving around getting price quotes or save time using the internet to compare rates. There is a right way and a wrong way to compare insurance coverage rates so you’re going to learn the absolute fastest way to quote coverages on a Ford and locate the cheapest rates.

Discounts to lower Ford Five Hundred insurance rates

Companies don’t necessarily list all available discounts very clearly, so the following is a list of some of the best known and also the lesser-known savings tricks you should be using. If you’re not getting every credit you deserve, you’re just leaving money on the table.

  • Passive Restraints – Factory air bags and/or automatic seat belt systems can qualify for discounts of 20% or more.
  • No Accidents – Claim-free drivers pay less as compared to accident-prone drivers.
  • Drive Safe and Save – Safe drivers can get discounts for up to 45% lower rates for Five Hundred coverage than drivers with accident claims.
  • Auto/Home Discount – When you combine your home and auto insurance with the same company you will save at least 10% off all policies.
  • Federal Employees – Simply working for the federal government can save as much as 8% for Five Hundred coverage with a few insurance coverage companies.
  • Good Student – Getting good grades can earn a discount of 20% or more. The discount lasts until age 25.

Keep in mind that many deductions do not apply to the entire policy premium. Most only cut the cost of specific coverages such as comprehensive or collision. So when it seems like all the discounts add up to a free policy, insurance coverage companies aren’t that generous.

For a list of companies with the best insurance coverage discounts, click here.

Tailor your coverage to you

When buying coverage, there really is not a “perfect” insurance plan. Each situation is unique.

Here are some questions about coverages that may help highlight whether or not you could use an agent’s help.

  • Can I get a multi-policy discount?
  • What are the best liability limits?
  • Can I rent a car in Mexico?
  • Do I need motorclub coverage?
  • How can I get my company to pay me more for my totalled car?
  • What is high-risk coverage and where do I buy it?
  • What companies insure drivers after a DUI or DWI?
  • Do I have newly-aquired coverage?
  • Is rental equipment covered for theft or damage?

If you can’t answer these questions but you know they apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, complete this form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Auto insurance coverage options for a Ford Five Hundred

Knowing the specifics of auto insurance aids in choosing the right coverages for your vehicles. Policy terminology can be difficult to understand and reading a policy is terribly boring.

Comprehensive protection – This coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like falling objects, a broken windshield, rock chips in glass, a tree branch falling on your vehicle and hail damage. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Uninsured or underinsured coverage – This coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.

Coverage for liability – This coverage provides protection from damages or injuries you inflict on a person or their property in an accident. This insurance protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 25/50/25 which stand for $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability coverage pays for things such as repair bills for other people’s vehicles, attorney fees, funeral expenses, court costs and structural damage. How much coverage you buy is your choice, but buy as much as you can afford.

Collision – Collision insurance will pay to fix damage to your Five Hundred resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for things like colliding with another moving vehicle, crashing into a building, damaging your car on a curb, backing into a parked car and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. It’s also possible to bump up the deductible to bring the cost down.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses such as rehabilitation expenses, dental work, chiropractic care, surgery and hospital visits. They are utilized in addition to your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Shop. Compare. Save.

When you buy insurance online, it’s not a good idea to skimp on critical coverages to save a buck or two. There are many occasions where an insured dropped uninsured motorist or liability limits only to discover later that it was a big mistake. The ultimate goal is to buy the best coverage you can find for the lowest price.

We covered a lot of tips how to lower your 1992 Ford Five Hundred insurance rates. It’s most important to understand that the more price quotes you have, the better your chances of lowering your rates. Drivers may discover the most savings is with the smaller companies.

Consumers leave their current company for a variety of reasons including high prices, poor customer service, unfair underwriting practices and denial of a claim. Whatever your reason, finding a great new company is pretty easy and you might even save some money in the process.

Much more information about auto insurance is located on the following sites: