Cheaper 1992 Ford Five Hundred Car Insurance Quotes

Searching for the cheapest insurance rates for your Ford Five Hundred? Cutting costs on insurance is always challenging for consumers not familiar with comparison shopping online. Consumers have so many options available that it can easily become a challenge to locate the lowest price.

Cheap Insurance Comparisons

The are a couple different ways to compare rate quotes from different insurance companies. The easiest way by far to compare 1992 Ford Five Hundred insurance prices consists of shopping online. It is quite easy and can be accomplished in several different ways.

  1. Probably the best way to find the lowest comparison rates is to use a rate comparison form like this one (opens in new window). This method eliminates the need for separate quote forms for each company. One quote request gets you price quotes from insurance companies with the best prices. It’s the fastest way to compare.
  2. A more difficult way to obtain and compare quotes online is to take the time to go to the website for each individual company and request a quote. For example, we’ll assume you want comparison quotes from Geico, Liberty Mutual and American Family. To find out each rate you need to spend time on each company’s site to enter your coverage information, which is why the first method is quicker.

    For a list of links to insurance companies in your area, click here.

  3. The most time-consuming way of comparing rate quotes is to waste gas driving to and from local insurance agencies. Buying insurance online can eliminate the need for a local agent unless you require the professional guidance of a local agent. You can, however, comparison shop your insurance online and still use a local agent and you’ll learn how to do that later.

It doesn’t matter which method you choose, just ensure you are comparing exactly the same deductibles and coverage limits for every quote you compare. If the quotes have higher or lower deductibles it’s not possible to determine which rate is truly the best. Having just a slight variation in limits may result in large price differences. And when comparing insurance rates, know that comparing more company’s prices will enable you to find the best price.

Ford Five Hundred insurance premiums are calculated by many factors

An important part of buying insurance is that you know the rating factors that play a part in calculating auto insurance rates. Having a good understanding of what influences your rates allows you to make educated decisions that will entitle you to lower auto insurance prices.

  • More than one policy can earn a discount – Many insurance companies will award you with lower prices to people who buy several policies from them in the form of a multi-policy discount. Even with this discount, you may still want to comparison shop to make sure you are getting the best deal.
  • Do you have enough liability coverage? – Liability insurance provides coverage if ever a court rules you are at fault for damages from an accident. Liability provides for a legal defense up to the limits shown on your policy. This coverage is very inexpensive compared to physical damage coverage, so do not cut corners here.
  • Being married can save on auto insurance – Getting married actually saves money on auto insurance. Having a spouse usually means you are more mature and responsible and it’s proven that being married results in fewer claims.
  • More people means more accidents – Choosing to live in a rural area can be a good thing when insuring your vehicles. Drivers in populated areas have much more traffic and longer commute times. Less people living in that area means fewer accidents and also fewer theft and vandalism claims.
  • Your occupation can affect rates – Did you know your auto insurance rates can be affected by your occupation? Jobs such as doctors, architects and dentists are shown to have the highest average rates in part from high stress levels and long work days. Other occupations like scientists, historians and homemakers pay the least on Five Hundred coverage.
  • Traffic violations increase rates – Drivers who don’t get tickets have lower premiums than their less careful counterparts. Just one speeding ticket can bump up the cost by as much as thirty percent. Drivers who have dangerous citations like DUI or reckless driving may need to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to prevent a license revocation.
  • Extra add-on coverages are wasting money – There are quite a few extra coverages you can purchase on your Five Hundred policy. Coverages for roadside assistance, better glass coverage and additional equipment coverage are some examples. These may sound like a good investment when talking to your agent, but now you might not need them so eliminate them to save money.

Discounts are available to cut your rates

Companies that sell car insurance don’t list every available discount very well, so we took the time to find some of the best known as well as the least known savings tricks you should be using.

  • Club Memberships – Affiliation with a qualifying organization could trigger savings on your policy on Five Hundred coverage.
  • Good Student Discount – A discount for being a good student can save 20 to 25%. Earning this discount can benefit you until age 25.
  • Lower Rates for Military – Having a family member in the military may qualify for rate reductions.
  • Accident Free – Good drivers with no accidents can save substantially as compared to drivers who are more careless.
  • Homeowners Pay Less – Simply owning a home can help you save on insurance coverage because owning a home shows financial diligence.
  • Driver’s Ed – Require your teen driver to enroll in driver’s education in high school.
  • Employee of Federal Government – Being employed by or retired from a federal job can save as much as 8% on Five Hundred coverage depending on your company.
  • Passive Restraint Discount – Vehicles with factory air bags or motorized seat belts can receive discounts up to 30%.

Keep in mind that most discounts do not apply to the entire cost. Most only reduce individual premiums such as liability and collision coverage. So when it seems like you can get free auto insurance, insurance coverage companies aren’t that generous.

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

Everyone needs different coverages

When it comes to buying the right insurance coverage, there is no “perfect” insurance plan. Everyone’s needs are different.

Here are some questions about coverages that could help you determine whether your personal situation could use an agent’s help.

  • Who is covered by my policy?
  • When should I drop full coverage on my 1992 Ford Five Hundred?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Does my policy cover me when driving someone else’s vehicle?
  • What is roadside assistance coverage?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Why am I required to buy high-risk coverage?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you don’t have a local agent, complete this form.

Auto insurance coverage information

Knowing the specifics of your auto insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. Auto insurance terms can be confusing and even agents have difficulty translating policy wording.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your Ford Five Hundred.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses such as hospital visits, funeral costs, X-ray expenses and doctor visits. They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not available in all states and may carry a deductible

Liability coverage

Liability insurance provides protection from injuries or damage you cause to a person or their property in an accident. This insurance protects YOU from claims by other people, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability can pay for claims such as attorney fees, legal defense fees and loss of income. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like damaging your car on a curb, colliding with another moving vehicle, driving through your garage door and hitting a parking meter. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to raise the deductible to bring the cost down.

Comprehensive auto insurance

This pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like fire damage, damage from a tornado or hurricane, falling objects, hitting a bird and a broken windshield. The most a auto insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Shop around and save

People change insurance companies for a variety of reasons including unfair underwriting practices, lack of trust in their agent, high rates after DUI convictions or questionable increases in premium. It doesn’t matter why you want to switch switching companies can be easier than you think.

You just read some good ideas how to reduce 1992 Ford Five Hundred insurance prices online. The key concept to understand is the more rate quotes you have, the better likelihood of reducing your rate. You may even find the lowest priced car insurance comes from some of the smallest insurance companies.

As you shop your coverage around, don’t be tempted to skimp on critical coverages to save a buck or two. Too many times, drivers have reduced liability limits or collision coverage only to regret they didn’t have enough coverage. The aim is to purchase a proper amount of coverage at a price you can afford while still protecting your assets.

More detailed car insurance information can be found at these sites: