Save on 1994 Ford Thunderbird Insurance Rates

If you’re new to shopping for insurance coverage online, it’s easy to be confused by the large number of online insurance coverage companies and websites offering coverage.

Cut your auto insurance rates with discounts

Car insurance companies don’t always publicize every available discount in a way that’s easy to find, so here is a list both well-publicized and the more hidden discounts you could be receiving.

  • Fewer Miles Equal More Savings – Keeping the miles down on your Ford can qualify you for discounted rates on garaged vehicles.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to take driver’s ed class in high school.
  • No Accidents – Drivers who don’t have accidents pay less as compared to bad drivers.
  • One Accident Forgiven – A few companies allow you one accident before your rates go up so long as you haven’t had any claims for a set time period.
  • Theft Prevention Discount – Vehicles with anti-theft systems help deter theft and therefore earn up to a 10% discount.
  • Life Insurance – Companies who offer life insurance give better rates if you take out life insurance from them.
  • Government Employees – Active or retired federal employment can earn a discount up to 10% for Thunderbird coverage depending on your company.
  • Clubs and Organizations – Belonging to a qualifying organization could trigger savings on your policy for Thunderbird coverage.
  • Homeowners Savings – Owning a home can save you money due to the fact that maintaining a home is proof that your finances are in order.
  • More Vehicles More Savings – Buying coverage for multiple cars or trucks on one policy could earn a price break for each car.

Drivers should understand that some credits don’t apply to the overall cost of the policy. Some only reduce the cost of specific coverages such as comprehensive or collision. So even though they make it sound like you would end up receiving a 100% discount, it just doesn’t work that way.

For a list of providers with discount auto insurance rates, click here to view.

You are unique and your car insurance should be too

When choosing proper insurance coverage, there really is not a one size fits all plan. Your needs are not the same as everyone else’s.

Here are some questions about coverages that could help you determine whether or not you might need professional guidance.

  • What happens if I owe more than my 1994 Ford Thunderbird is worth?
  • Is my teen driver covered when they drive my company car?
  • Are my friends covered when driving my car?
  • What should my uninsured motorist coverage limits be in my state?
  • Am I covered if my car is in a flood?
  • Does my insurance cover a custom paint job?
  • How does medical payments coverage work?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, fill out this quick form.

Misconceptions in insurance coverage advertisements

Insurance coverage providers like Allstate, Geico and Progressive regularly use ads on TV and radio. They all make the same claim that you’ll save big if you move your policy. How do they all claim to save you money?

All the different companies are able to cherry pick for the right customer they prefer to insure. An example of a profitable customer could possibly be between the ages of 40 and 55, owns a home, and has a short commute. Any new insured who fits that profile will qualify for the lowest rates and most likely will save a lot of money.

Drivers who don’t qualify for these standards must pay higher rates which leads to business going elsewhere. The ads state “drivers who switch” but not “drivers who get quotes” save that much. That’s the way insurance companies can confidently state the savings. This illustrates why it’s extremely important to quote coverage with many companies. It is impossible to predict which insurance companies will provide you with the cheapest Ford Thunderbird insurance rates.

Coverages available on your insurance policy

Learning about specific coverages of a insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement.

Comprehensive coverages

Comprehensive insurance pays to fix your vehicle from 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 insurance covers claims such as hail damage, hitting a deer, rock chips in glass, falling objects and theft. The highest amount a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for ambulance fees, nursing services, X-ray expenses, dental work and doctor visits. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants as well as any family member struck as a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Collision coverage

Collision coverage will pay to fix damage to your Thunderbird caused by collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for things such as backing into a parked car, hitting a parking meter, colliding with another moving vehicle, scraping a guard rail and crashing into a ditch. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible in order to get cheaper collision rates.

Uninsured and underinsured coverage

This gives you protection when other motorists do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Ford Thunderbird.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.

Coverage for liability

Liability coverage provides protection from damage or injury you incur to other people or property in an accident. It protects you from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property.

Liability can pay for claims like funeral expenses, structural damage, legal defense fees, pain and suffering and bail bonds. The amount of liability coverage you purchase is up to you, but you should buy higher limits if possible.

Be a smart shopper

Lower-priced 1994 Ford Thunderbird insurance is possible online as well as from independent agents, and you need to price shop both to get a complete price analysis. A few companies don’t offer the ability to get a quote online and these small insurance companies work with independent agents.

People switch companies for many reasons like high rates after DUI convictions, lack of trust in their agent, delays in paying claims or being labeled a high risk driver. Regardless of your reason, choosing a new insurance company can be easier than you think.

As you prepare to switch companies, make sure you don’t skimp on coverage in order to save money. In too many instances, drivers have reduced physical damage coverage and learned later that it was a big error on their part. Your aim should be to buy enough coverage at an affordable rate while not skimping on critical coverages.

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