Lower Your 2001 Ford Five Hundred Car Insurance Cost

Trying to find the cheapest auto insurance rates for your Ford Five Hundred? Searching for the cheapest insurance for a Ford Five Hundred can be difficult, but you can learn the following methods to find lower rates.

There are both good and bad ways to shop for auto insurance so we’re going to tell you the proper way to price shop coverage on a Ford and get the best price possible either online or from local insurance agents.

Locating more affordable insurance coverage is quite easy. If you have a current insurance coverage policy or need a new policy, you can learn to reduce the price you pay and possibly find even better coverage. Consumers only need an understanding of the proper way to shop online.

Compare the Market for Insurance

Most companies like Geico, State Farm and Progressive allow you to get prices for coverage on the web. Getting online quotes doesn’t take a lot of time as you just enter the amount of coverage you want as detailed in the form. Once you submit the form, their system collects your driving record and credit report and quotes a price.

Quoting online simplifies rate comparisons, but the time it takes to visit several different sites and enter the same data into a form gets old quite quickly. But it is imperative to get many rate quotes in order to find better insurance pricing.

There is a better way to compare rates

The preferred way to find better insurance pricing uses one form to get prices from several different companies. It saves time, eliminates form submissions, and makes comparison shopping a lot less work. After sending your information, your coverage is rated and you can select any of the pricing results.

If you find a better price it’s easy to complete the application and purchase the new policy. The whole process takes just a few minutes to complete and you’ll know if lower rates are available.

To fill out one form to compare multiple rates now, click here to open in a new tab and enter your information. To compare your current rates, we recommend you type in the limits and deductibles as shown on your current policy. This makes sure you will have rate quotes using the exact same coverages.

Cut your auto insurance rates with discounts

Car insurance can cost a lot, but you can get discounts that you may not know about. A few discounts will automatically apply at the time you complete a quote, but some may not be applied and must be specially asked for before being credited. If you aren’t receiving every discount you deserve, you are throwing money away.

  • Early Signing – Some companies give discounts for switching policies prior to your current policy expiration. This can save 10% or more.
  • Safety Course Discount – Successfully completing a defensive driving course could save 5% or more depending on where you live.
  • Seat Belt Usage – Drivers who require all occupants to use their safety belts could save 15% off your medical payments premium.
  • 55 and Retired – Mature drivers may be able to get better auto insurance rates on Five Hundred coverage.
  • Lower Rates for Military – Having a deployed family member can result in better rates.
  • Auto/Home Discount – When you combine your home and auto insurance with one company you will save approximately 10% to 15%.
  • Save with a New Car – Putting insurance coverage on a new car can cost up to 25% less due to better safety requirements for new cars.
  • Employee of Federal Government – Being employed by or retired from a federal job can save as much as 8% on Five Hundred coverage with a few auto insurance companies.

Keep in mind that many deductions do not apply to the overall cost of the policy. Most only apply to the cost of specific coverages such as physical damage coverage or medical payments. So even though they make it sound like you would end up receiving a 100% discount, it just doesn’t work that way. Any amount of discount will help reduce the amount you have to pay.

To see a list of providers with the best auto insurance discounts, click here.

You are unique and your insurance should be too

When buying adequate coverage for your vehicles, there isn’t really a cookie cutter policy. Every situation is different.

These are some specific questions might help in determining if you would benefit from professional advice.

  • Do I need to file an SR-22 for a DUI in my state?
  • Is a new car covered when I drive it off the dealer lot?
  • Does my policy cover my teen driver if they drive my company car?
  • Do I have coverage when pulling a U-Haul trailer?
  • Who is covered by my policy?
  • How much liability coverage do I need in my state?
  • Do I have any recourse if my insurance company denies a claim?
  • Should I buy additional glass protection?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to a licensed agent. If you want to speak to an agent in your area, complete this form. It only takes a few minutes and you can get the answers you need.

Auto insurance 101

Understanding the coverages of your policy helps when choosing the best coverages for your vehicles. Insurance terms can be difficult to understand and nobody wants to actually read their policy.

Liability coverage

This coverage protects you from damage or injury you incur to other’s property or people by causing an accident. It protects you from claims by other people. It does not 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. As an example, you may have values of 25/50/25 which means $25,000 bodily injury coverage, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers claims like pain and suffering, bail bonds and medical services. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Medical expense coverage

Med pay and PIP coverage provide coverage for bills such as nursing services, dental work and hospital visits. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. It covers both the driver and occupants as well as if you are hit as a while walking down the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Comprehensive protection

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as hitting a deer, damage from getting keyed and vandalism. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Collision insurance

This covers damage to your Five Hundred resulting from a collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like hitting a parking meter, damaging your car on a curb and hitting a mailbox. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. You can also raise the deductible to bring the cost down.

Uninsured or underinsured coverage

This protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your Ford Five Hundred.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Frequently the UM/UIM limits do not exceed the liability coverage limits.