Cheaper 2001 Ford Five Hundred Car Insurance Quotes

Looking for better auto insurance rates for your Ford Five Hundred? Paying for high-priced Ford Five Hundred insurance can overdraw your personal savings and force you to make sacrifices. Shopping your coverage around is a smart way to help make ends meet. Companies like Progressive, State Farm and GEICO all promote huge savings with fancy advertisements and consumers find it hard to ignore the propoganda and find the best price available.

It’s important to check auto insurance prices once or twice a year because prices are adjusted regularly by insurance companies. Even if you got the best price for Five Hundred insurance on your last policy the chances are good that you can find a lower rate today. There is a lot of bad information regarding auto insurance on the web, but by reading this article, you’re going to learn a lot of great tips on how to save money.

If you have a policy now or are looking for a new policy, you will benefit by learning to find better prices while maximizing coverage. Finding the best rates is easy if you know what you’re doing. Drivers only need an understanding of the best way to shop online.

Comparison of Auto Insurance

Getting a cheaper price on 2001 Ford Five Hundred insurance can be surprisingly simple. Drivers just need to take time to compare rate quotes from different insurance companies. This can be accomplished using a couple different methods.

  1. The best way consumers can analyze rates is a comparison rater form click to view form in new window. This form keeps you from doing separate quotation requests for every auto insurance company. One simple form compares rates instantly.
  2. A more difficult way to analyze rates consists of going to the website for each individual company and complete a new quote form. For instance, we’ll pretend you want to compare GEICO, Farmers and Progressive. You would have to visit each site to input your insurance information, which is why the first method is more popular. For a list of links to insurance companies in your area, click here.

It’s up to you which method you use, but be sure to compare the exact same quote information on every quote you get. If you have different limits and deductibles on each one it will be next to impossible to decipher which rate is best.

Save with discounts on Ford Five Hundred insurance

Insurance can cost an arm and a leg, buy you may qualify for discounts that you may not even be aware of. Certain discounts will be triggered automatically at quote time, but less common discounts must be asked about prior to receiving the credit. If you don’t get every credit you deserve, you’re just leaving money on the table.

  • Claim Free – Good drivers with no accidents pay much less when compared to bad drivers.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles can reduce accidents and therefore earn up to a 10% discount.
  • Safe Drivers – Drivers who don’t get into accidents may receive a discount up to 45% less for Five Hundred insurance than less cautious drivers.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to use a seat belt can save 10% or more on the medical payments or PIP coverage costs.
  • Good Student – Getting good grades can save 20 to 25%. This discount can apply up to age 25.
  • Low Mileage Discounts – Low mileage vehicles can earn lower rates on the low mileage vehicles.
  • Payment Method – If paying your policy premium upfront instead of paying each month you may reduce your total bill.
  • Distant Student – Youth drivers living away from home attending college and don’t have a car may be able to be covered for less.

As a disclaimer on discounts, most of the big mark downs will not be given to the overall cost of the policy. Some only reduce the price of certain insurance coverages like comprehensive or collision. So when it seems like having all the discounts means you get insurance for free, companies wouldn’t make money that way. But all discounts will help reduce the amount you have to pay.

To see a list of providers with discount insurance rates, follow this link.

Tailor your coverage to you

When buying proper insurance coverage for your personal vehicles, there is no “best” method to buy coverage. Each situation is unique so your insurance should reflect that For example, these questions can aid in determining if your situation will benefit from professional help.

  • Does my insurance cover my expensive audio equipment?
  • Does coverage extend to a rental car in a foreign country?
  • Does my insurance cover a custom paint job?
  • How much can I save by bundling my policies?
  • How much liability do I need to cover my assets?
  • Will I be non-renewed for getting a DUI or other conviction?

If you can’t answer these questions but you know they apply to you, you might consider talking to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of car insurance companies in your area. It is quick, free and can help protect your family.

Parts of the Ford Five Hundred rate equation

An important part of buying insurance is that you know the different types of things that play a part in calculating your auto insurance rates. Having a good understanding of what determines base rates empowers consumers to make smart changes that will entitle you to lower auto insurance prices.

Shown below are a partial list of the pieces used by your company to calculate prices.

  • Do you need the policy add-ons? – There are quite a few add-on coverages that can waste your money on your auto insurance policy. Coverages like vanishing deductibles, accident forgiveness and term life insurance may be costing you every month. They may seem like a good idea when talking to your agent, but if they’re wasting money get rid of them and save.
  • High numbers of claims are not good – Auto insurance companies give cheaper rates to insureds who are claim-free. If you frequently file small claims, you can look forward to either higher rates or even cancellation. Auto insurance is designed for major claims that would cause financial hardship.
  • Poor driving leads to higher costs – Good drivers receive lower rates compared to drivers with tickets. Even one ticket can increase rates twenty percent or more. Drivers who have flagrant citations like DWI, reckless driving or hit and run convictions may need to file a SR-22 with their state motor vehicle department in order to keep their license.
  • Lower rates with optional equipment – Owning a car that has an advanced theft prevention system can save you a little every year. Theft prevention devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent car theft.
  • Drive a safer car and pay less – Safer cars are cheaper to insure. These vehicles result in less severe injuries and any reduction in injury severity translates into fewer and smaller insurance claims passed on to you as lower rates. If the Ford Five Hundred earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
  • Lower deductibles cost more – Physical damage coverage, termed comprehensive and collision coverage on your policy, is used to repair damage to your Ford. Some instances where coverage would apply could be colliding with a building, damage from fire, or theft. Your deductibles are how much you are required to spend in the event of a claim. The higher the amount you are required to pay out-of-pocket, the less your company will charge you for insurance for Five Hundred insurance.
  • Your occupation can affect rates – Careers like doctors, executives and dentists tend to have the highest average rates due to high stress and lots of time spent at work. Other occupations such as pilots, historians and the unemployed receive lower rates for Five Hundred insurance.
  • Protect yourself with liability coverage – Liability insurance will protect you in the event that a court rules you are at fault for personal injury or accident damage. It provides legal defense coverage which can cost thousands of dollars. Liability is cheap compared to physical damage coverage, so drivers should carry high limits.

The fine print in insurance coverage ads

Drivers constantly see and hear ads for car insurance savings by companies like GEICO, State Farm and Progressive. All the companies say the same thing of big savings if you move to them.

How can each company say the same thing?

All companies have a preferred profile for the right customer they prefer to insure. A good example of a driver they prefer could possibly be between 25 and 40, has no driving citations, and has a short commute. A propective insured who meets those qualifications will get the preferred rates and most likely will save quite a bit of money when switching.

Potential customers who fall outside the requirements will be quoted a higher premium and ends up with business going elsewhere. The ads state “customers that switch” not “everyone that quotes” save that much money. This is how insurance companies can confidently advertise the savings.

This emphasizes why drivers must get as many quotes as possible. You cannot predict which insurance coverage company will give you the biggest savings on Ford Five Hundred insurance.

Insurance coverage considerations

Understanding the coverages of your insurance policy helps when choosing the best coverages for your vehicles. Insurance terms can be confusing and nobody wants to actually read their policy. Below you’ll find the normal coverages found on the average insurance policy.

Protection from uninsured/underinsured drivers

This coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Ford Five Hundred.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Liability

Liability insurance will cover damages or injuries you inflict on people or other property in an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 25/50/25 which stand for a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Another option is one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as repair costs for stationary objects, structural damage, medical expenses and emergency aid. How much coverage you buy is a personal decision, but consider buying as large an amount as possible.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses like surgery, chiropractic care and doctor visits. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. PIP is not an option in every state and gives slightly broader coverage than med pay

Comprehensive (Other than Collision)

This will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as theft, a broken windshield, a tree branch falling on your vehicle, damage from flooding and damage from getting keyed. The highest amount your insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Auto collision coverage

This coverage covers damage to your Five Hundred from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as colliding with a tree, rolling your car and hitting a mailbox. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

The bottom line

When shopping online for auto insurance, it’s very important that you do not buy lower coverage limits just to save a few bucks. There have been many situations where someone dropped liability coverage limits to discover at claim time that it was a big mistake. Your strategy should be to buy a smart amount of coverage at the best price, not the least amount of coverage.

Cheaper 2001 Ford Five Hundred insurance is available online in addition to many insurance agents, and you need to comparison shop both so you have a total pricing picture. Some companies do not provide online price quotes and many times these regional insurance providers only sell through independent insurance agents.

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