How Much Does 1991 Ford Five Hundred Insurance Cost?

Searching for better car insurance rates for your Ford Five Hundred? Expensive car insurance can dwindle your checking account and make it impossible to make ends meet. Doing a price comparison is a great way to reduce premiums and put more money in your pocket.

Many insurance companies vie for your insurance dollar, so it can be very hard to choose a insurance company and get the definite lowest rate

If you are paying for car insurance now, you will most likely be able to reduce your rates substantially using this strategy. Buying car insurance is not that difficult. Although car owners should learn the way companies sell online and take advantage of how the system works.

Discounts are basically free money

The cost of insuring your cars can be expensive, but discounts can save money and there are some available to help offset the cost. Some trigger automatically when you complete an application, but a few must be requested specifically before you will receive the discount.

  • Payment Method – By paying your policy upfront rather than paying monthly you can actually save on your bill.
  • Air Bag Discount – Factory air bags and/or automatic seat belt systems can receive discounts of 20% or more.
  • 55 and Retired – If you’re over the age of 55, you may receive better car insurance rates on Five Hundred coverage.
  • Life Insurance Discount – Companies who offer life insurance give better rates if you take out life insurance.
  • Anti-theft Discount – Vehicles with anti-theft systems can help prevent theft and earn discounts up to 10%.
  • Multiple Cars – Insuring all your vehicles on the same car insurance policy qualifies for this discount.

It’s important to understand that most discount credits are not given to all coverage premiums. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. So even though it sounds like all those discounts means the company will pay you, it doesn’t quite work that way. Any qualifying discounts will cut the amount you have to pay.

For a list of insurers with discount car insurance rates, follow this link.

Which insurance is the “right” coverage?

When buying the best auto insurance coverage, there isn’t really a “perfect” insurance plan. Every insured’s situation is different so this has to be addressed. Here are some questions about coverages that might help in determining if you would benefit from professional advice.

  • If my pet gets injured in an accident are they covered?
  • Do I have any recourse if my insurance company denies a claim?
  • What are the financial responsibility laws in my state?
  • Are rock chip repairs covered?
  • Are my friends covered when driving my car?
  • Am I covered if I wreck a rental car?
  • Can I rate high risk drivers on liability-only vehicles?
  • What is UM/UIM insurance?

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area.

Save $403 a year. For real?

Companies like State Farm, Allstate and Geico consistently run ads on TV and radio. All the ads have a common claim that you’ll save big if you change to them. How do they all say the same thing? This is how they do it.

All the different companies have a preferred profile for the type of customer they prefer to insure. An example of a profitable customer could be between 30 and 50, owns a home, and drives newer vehicles. A customer that hits that “sweet spot” is entitled to the best price and therefore will save quite a bit of money when switching.

Potential insureds who do not match these standards will be charged a more expensive rate which leads to the driver buying from a lower-cost company. The ad wording is “customers who switch” not “everybody who quotes” save that much. That’s why insurance companies can confidently make the claims of big savings.

That is why you need to get quotes from several different companies. It’s impossible to know which insurance companies will have the lowest Ford Five Hundred insurance rates.

Specifics of your car insurance policy

Having a good grasp of your car insurance policy can help you determine the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverage types found on most car insurance policies.

Comprehensive or Other Than Collision

This pays for damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like damage from flooding, damage from a tornado or hurricane, a broken windshield, theft and fire damage. The highest amount your car insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” 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 carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage pay for expenses for X-ray expenses, dental work, surgery, chiropractic care and hospital visits. The coverages can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Collision protection

This will pay to fix damage to your Five Hundred resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like sideswiping another vehicle, damaging your car on a curb and hitting a mailbox. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Liability insurance

Liability coverage can cover damages or injuries you inflict on other people or property. It protects you against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Alternatively, you may have a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage pays for things such as attorney fees, medical services, legal defense fees and loss of income. The amount of liability coverage you purchase is up to you, but consider buying as high a limit as you can afford.

In conclusion

When you buy insurance online, don’t be tempted to reduce coverage to reduce premium. There are many occasions where consumers will sacrifice uninsured motorist or liability limits only to find out they didn’t have enough coverage. Your strategy should be to buy the best coverage you can find at an affordable rate.

You just learned quite a bit of information on how to get a better price on 1991 Ford Five Hundred insurance. The key concept to understand is the more price quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the lowest premiums are with the least-expected company. Regional companies can often provide lower rates in certain areas than their larger competitors like Allstate or State Farm.

Much more information about car insurance is available at the links below