Cheap 1998 Ford Five Hundred Insurance Cost

Searching for the cheapest car insurance rates for your Ford Five Hundred? Tired of being strong-armed to insure your Ford every month? You’re in the same situation as millions of other consumers.

Insurance companies such as Geico, Progressive and Allstate constantly blast consumers with fancy advertisements and it can be hard to ignore the promise of big savings and take the time to shop coverage around.

If you have car insurance now, you will be able to save some money using this information. Finding affordable coverage is not that difficult. But vehicle owners do need to know the methods companies use to price online insurance and take advantage of how the system works.

You probably qualify for some discounts

Auto insurance companies do not advertise all their discounts very well, so we took the time to find both well-publicized as well as the least known auto insurance savings.

  • Passive Restraints – Factory air bags and/or automatic seat belt systems can get savings up to 30%.
  • Multi-car Discount – Having more than one vehicle on one policy qualifies for this discount.
  • No Accidents – Drivers with accident-free driving histories pay much less when compared to bad drivers.
  • E-sign – A handful of insurance companies will give a small break for buying a policy and signing up over the internet.
  • One Accident Forgiven – A handful of insurance companies permit an accident before hitting you with a surcharge if you are claim-free for a set time period.
  • Auto/Home Discount – If you have multiple policies with one company you will save approximately 10% to 15%.
  • Service Members Pay Less – Having a deployed family member could mean lower rates.
  • Auto/Life Discount – Some companies give a break if you buy auto and life insurance together.
  • Senior Citizens – Older drivers can possibly qualify for a small decrease in premiums on Five Hundred insurance.
  • Defensive Driver – Completing a course in driver safety could possibly earn you a 5% discount depending on where you live.

Drivers should understand that many deductions do not apply to the entire cost. Most only apply to the price of certain insurance coverages like liability, collision or medical payments. Even though it may seem like all the discounts add up to a free policy, you’re out of luck.

Insurance companies that may have some of the above discounts are:

Check with all companies you are considering how you can save money. Savings might not be offered in your area.

Fast and Easy Insurance Quotes

There are a variety of methods to compare 1998 Ford Five Hundred insurance prices but some are more efficient than others. You can waste a few hours (or days) driving to local insurance agents in your area, or you could use the internet to accomplish the same thing much quicker.

Most of the larger companies enroll in a system that allows shoppers to complete one form, and each company can give them a price determined by their information. This prevents consumers from doing quotation requests for each company you want a rate for.

To compare 1998 Ford Five Hundred rates now click to open in new window.

The one disadvantage to using this type of form is you are unable to specify which companies you want to price. So if you want to choose individual companies to request quotes from, we have assembled a list of low cost insurance companies in your area. Click to view list.

Which method you use is up to you, but ensure you are comparing the exact same quote information for each price quote. If each company quotes unequal deductibles or liability limits it will be impossible to make an equal comparison. Quoting even small variations in limits may result in a large different in cost. Just keep in mind that having more price comparisons gives you a better chance of getting better pricing.

Why your Ford Five Hundred insurance rates may be high

An important part of buying insurance is that you know the different types of things that go into determining the rates you pay for auto insurance. Understanding what influences your rates empowers consumers to make smart changes that will entitle you to better auto insurance rates.

Listed below are some of the items used by your company to calculate prices.

  • Extra add-on coverages are wasting money – There are quite a few extra coverages that you can buy on your auto insurance policy. Coverages for vanishing deductibles, towing coverage and term life insurance may be costing you every month. These may sound like a good investment initially, but if they’re wasting money eliminate them to save money.
  • Marriage pays dividends – Being married can actually save you money when buying auto insurance. Having a significant other translates into being more mature and it’s proven that being married results in fewer claims.
  • How your age affects price – Teen drivers tend to be less responsible when driving so they pay higher auto insurance rates. Having to add a young driver onto a policy can really hurt. More mature drivers tend to be more responsible, tend to cause fewer accidents and are safer drivers.
  • Liability coverage protects you – Liability coverage provides coverage if ever you are found liable for damages from an accident. It provides legal defense coverage up to the limits shown on your policy. This coverage is very inexpensive when compared with rates for comp and collision, so buy as much as you can afford.
  • You might want pay the small claims yourself – Auto insurance companies generally give cheaper rates to policyholders who do not file claims often. If you are a frequent claim filer, you can look forward to either higher rates or even cancellation. Your insurance policy is designed for the bigger claims that can’t be paid out-of-pocket.
  • High credit ratings translate to low rates – Credit rating is a huge factor in determining what you pay for auto insurance. People with high credit scores tend to be more responsible than drivers with poor credit. If your credit history can use some improvement, you could be paying less to insure your 1998 Ford Five Hundred by improving your rating.
  • Cautious drivers pay less – Only having one speeding ticket can boost insurance rates by as much as thirty percent. Careful drivers get better rates compared to drivers with tickets. Drivers with flagrant tickets such as reckless driving, hit and run or driving under the influence are required to file a proof of financial responsibility form (SR-22) with their state DMV in order to keep their license.
  • Do you know your deductibles? – Physical damage coverage, also known as collision and other-than-collision, is used to repair damage to your Ford. Some examples of claims that would be covered are running into the backend of another car, damage caused by hail, and burglary. Deductibles for physical damage are how much you are willing to pay out-of-pocket in the event of a claim. The higher the amount the insured has to pay upfront, the lower your rates will be on Five Hundred insurance.

There’s no such thing as the perfect policy

When it comes to buying adequate coverage, there isn’t really a one size fits all plan. Everyone’s situation is a little different and your policy should reflect that. For instance, these questions may help you determine if your situation might need an agent’s assistance.

  • Am I better off with higher deductibles on my 1998 Ford Five Hundred?
  • Is business equipment covered while in my vehicle?
  • Is motorclub coverage worth it?
  • Does my liability insurance cover pulling a trailer or camper?
  • Is my teen driver covered when they drive my company car?
  • What are the best liability limits?
  • What is the rate difference between pleasure use and commuting?
  • Should I buy more coverage than the required minimum liability coverage?
  • Is business property covered if stolen from my car?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies.

Insurance coverages and their meanings

Having a good grasp of insurance can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Below you’ll find typical coverage types found on most insurance policies.

Comprehensive protection

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

Comprehensive can pay for claims like theft, a broken windshield, a tree branch falling on your vehicle and hitting a deer. The maximum payout your insurance company will pay is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision coverage

This pays to fix your vehicle from damage caused by 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 things such as hitting a mailbox, crashing into a ditch, sustaining damage from a pot hole and rolling your car. This coverage can be expensive, so you might think about dropping it from older vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Medical expense coverage

Coverage for medical payments and/or PIP pay for short-term medical expenses for prosthetic devices, rehabilitation expenses, dental work, funeral costs and doctor visits. They are utilized in addition to your health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Auto liability insurance

Liability coverage protects you from damage that occurs to a person or their property by causing an accident. This insurance protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability can pay for things like medical expenses, legal defense fees and repair costs for stationary objects. How much coverage you buy is a decision to put some thought into, but you should buy as high a limit as you can afford.

Uninsured or underinsured coverage

This protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants 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. So UM/UIM coverage is a good idea.

Smart shoppers get results

We just presented a lot of information how to get a better price on 1998 Ford Five Hundred insurance. The most important thing to understand is the more price quotes you have, the more likely it is that you will get a better rate. You may even find the lowest priced insurance comes from some of the smallest insurance companies. They may only write in your state and offer lower rates as compared to the big name companies such as State Farm or Progressive.

Cheap insurance can be sourced online in addition to many insurance agents, and you need to comparison shop both to have the best rate selection. A few companies do not provide the ability to get a quote online and these smaller companies work with independent agents.

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