2011 Ford Five Hundred Insurance Rates – 10 Tips to Save

Consumers who are new to comparison shopping online will find shopping for cut-rate auto insurance quite challenging.

It’s a good habit to compare rates on a regular basis because prices are constantly changing. Despite the fact that you may have had the best price on Five Hundred insurance a few years ago you can probably find a lower rate today. You’ll find quite a bit of inaccurate information about auto insurance online but we’re going to give you some great ways to find affordable auto insurance.

If you currently have a car insurance policy, you stand a good chance to be able to save some money using these techniques. Finding cheaper coverage can be fairly easy. Although drivers must learn how big insurance companies price online insurance and take advantage of how the system works.

Take these ten discounts and save

Insurance can cost an arm and a leg, but you may find discounts to reduce the price significantly. Some trigger automatically when you quote, but some may not be applied and must be specifically requested prior to receiving the credit.

  • Multiple Policy Discount – When you combine your home and auto insurance with the same company you may save at least 10% off all policies.
  • College Student – Any of your kids who are attending college without a vehicle on campus may be able to be covered for less.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class if offered at their school.
  • Senior Discount – Mature drivers may qualify for better insurance rates on Five Hundred insurance.
  • Homeowners Savings – Being a homeowner can save you money because maintaining a house demonstrates responsibility.
  • Driver Safety – Taking part in a course teaching defensive driving skills could possibly earn you a 5% discount if your company offers it.
  • Discount for Good Grades – A discount for being a good student can be rewarded with saving of up to 25%. This discount can apply up to age 25.
  • Sign Early and Save – Some insurance companies reward drivers for switching policies prior to your current policy expiration. It can save you around 10%.
  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to use a seat belt could save 15% on the medical payments or PIP coverage costs.
  • Anti-lock Brakes – Cars that have steering control and anti-lock brakes are safer to drive and earn discounts up to 10%.

It’s important to understand that most of the big mark downs will not be given the the whole policy. Some only reduce individual premiums such as comprehensive or collision. So when it seems like all the discounts add up to a free policy, you’re out of luck. Any amount of discount will reduce the amount you have to pay.

Insurance companies that possibly offer some of the above discounts include:

Check with each company which discounts you may be entitled to. Discounts may not be available in your state.

Which policy gives me the best coverage?

When choosing the right insurance coverage for your personal vehicles, there is no one size fits all plan. Everyone’s situation is a little different.

For example, these questions may help highlight if your insurance needs could use an agent’s help.

  • Are there companies who specialize in insuring high-risk drivers?
  • What is covered by UM/UIM coverage?
  • Is business property covered if stolen from my car?
  • If my 2011 Ford Five Hundred is totaled, can I afford another vehicle?
  • Do I benefit by insuring my home with the same company?
  • What discounts do I qualify for?
  • Am I covered if I crash into my own garage door?
  • Can I rent a car in Mexico?

If you’re not sure about those questions but a few of them apply, then you may want to think about talking to an agent. To find lower rates from a local agent, complete this form.

Detailed coverages of your insurance policy

Learning about specific coverages of your policy aids in choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be confusing and coverage can change by endorsement.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your Ford Five Hundred.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Auto liability insurance

Liability coverage can cover damage that occurs to a person or their property that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 100/300/100 which means a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Alternatively, you may have a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage protects against things like funeral expenses, legal defense fees and loss of income. The amount of liability coverage you purchase is up to you, but buy higher limits if possible.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage pay for bills such as prosthetic devices, EMT expenses, hospital visits, rehabilitation expenses and funeral costs. They can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. It covers both the driver and occupants and also covers being hit by a car walking across the street. Personal Injury Protection is only offered in select states and may carry a deductible

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like hitting a deer, rock chips in glass, fire damage and damage from flooding. The highest amount you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Coverage for collisions

This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims like sideswiping another vehicle, sustaining damage from a pot hole, crashing into a building and hitting a mailbox. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Another option is to bump up the deductible to save money on collision insurance.

Better coverage you can count on

Drivers who switch companies do it for a number of reasons such as policy cancellation, delays in paying claims, not issuing a premium refund and delays in responding to claim requests. It doesn’t matter why you want to switch switching companies is not as difficult as it may seem.

While you’re price shopping online, it’s very important that you do not skimp on coverage in order to save money. In many instances, an insured dropped liability limits or collision coverage to discover at claim time that they should have had better coverage. The ultimate goal is to buy enough coverage at a price you can afford while still protecting your assets.

You just read a lot of ways to reduce 2011 Ford Five Hundred insurance prices online. It’s most important to understand that the more quotes you get, the better your comparison will be. You may even discover the lowest premiums are with some of the lesser-known companies.

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