2003 Ford Thunderbird Car Insurance Cost

Trying to find the cheapest auto insurance rates for your Ford Thunderbird? Searching for the cheapest insurance for a Ford Thunderbird could be a lot of work, but you can learn these tips to find lower rates. There are both good and bad ways to buy auto insurance so we’re going to tell you the proper way to price shop coverage for a Ford and get the best price possible either online or from local insurance agents.

Choosing the best insurance company for you is not that difficult. If you have a current insurance policy or are just looking to switch companies, you can use these tips to reduce the price you pay and possibly find even better coverage. Consumers just need to learn the best way to compare prices online.

Vehicle Insurance Comparison

Performing a rate comparison is a ton of work if you aren’t aware of the most efficient way to do it. You can waste a few hours (or days) talking to insurance companies in your area, or you can utilize the web to get the quickest rates.

Most of the best insurance companies belong to a marketplace where prospective buyers send in one quote, and each participating company can provide price quotes based on that information. This saves time by eliminating quotation requests for each company.

To participate in this free quote system, click here (opens in new window).

One minor caviat to doing it this way is that consumers can’t choose which insurance companies you will receive quotes from. So if you want to choose specific providers to compare, we have a page of car insurance companies in your area. Click to view list.

Which method you use is up to you, but double check that you are using identical information for each comparison quote. If each company quotes different values for each quote it’s impossible to make a fair comparison for your Ford Thunderbird.

Lots of discounts mean lots of savings

Companies offering auto insurance don’t always advertise all their discounts in an easy-to-find place, so we researched both well-publicized and the more hidden ways to save on auto insurance. If they aren’t giving you every credit you deserve, you’re paying more than you need to.

  • Organization Discounts – Participating in a qualifying organization could qualify you for a break when buying auto insurance on Thunderbird coverage.
  • Seat Belts Save – Drivers who require all occupants to use a seat belt could cut 10% or more on the medical payments or PIP coverage costs.
  • Government Employees – Active or retired federal employment can earn a discount up to 10% on Thunderbird coverage with select insurance companies.
  • Passive Restraints and Air Bags – Vehicles equipped with air bags or motorized seat belts can receive discounts of 20% or more.
  • Senior Discount – Older drivers may qualify for a small decrease in premiums on Thunderbird coverage.
  • New Vehicle Savings – Buying coverage on a new vehicle can cost up to 25% less due to better safety requirements for new cars.
  • No Claims – Good drivers with no accidents pay much less as compared to drivers who are more careless.
  • Drive Less and Save – Low mileage vehicles can earn discounted rates on garaged vehicles.
  • Accident Waiver – A few companies will forgive one accident before hitting you with a surcharge if you are claim-free prior to the accident.

Consumers should know that many deductions do not apply to the entire cost. Most only cut the price of certain insurance coverages like medical payments or collision. So despite the fact that it appears you could get a free auto insurance policy, companies don’t profit that way.

For a list of insurance companies who offer auto insurance discounts, follow this link.

Situations that might require an agent

When buying adequate coverage for your vehicles, there really is not a one size fits all plan. Your needs are not the same as everyone else’s.

These are some specific questions can help discover if your situation will benefit from professional help.

  • Should I have combined single limit or split liability limits?
  • Am I covered when using my vehicle for business?
  • Are rock chip repairs covered?
  • What is the ISO rating for a 2003 Ford Thunderbird?
  • Am I covered if I crash into my own garage door?
  • How do I file an SR-22 for a DUI in my state?
  • Is extra glass coverage worth it?

If you can’t answer these questions but you know they apply to you, you might consider talking to an insurance agent. If you want to speak to an agent in your area, complete this form. It is quick, free and you can get the answers you need.

Why your Ford Thunderbird insurance rates may be high

Smart consumers have a good feel for the factors that help determine auto insurance rates. Having a good understanding of what impacts premium levels allows you to make educated decisions that will entitle you to much lower annual insurance costs.

  • Do you need those extra coverages? – There are a lot of extra bells and whistles you can purchase when buying auto insurance. Insurance for personal injury protection, better glass coverage and term life insurance are some examples. They may seem good initially, but if they’re wasting money eliminate the coverages to reduce your premium.
  • Bad driving skills means higher rates – Your driving record has a huge affect on how much you pay. Even a single citation can increase rates forty percent or more. Good drivers receive lower rates than their less careful counterparts. Drivers who get dangerous violations like DWI, reckless driving or hit and run convictions may be required to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to prevent a license revocation.
  • Battle of the sexes – Statistics show that men are more aggressive behind the wheel. However, this does not mean men are worse drivers. Women and men tend to get into accidents in similar percentages, but the males have costlier accidents. They also get cited for more serious violations like DUI and reckless driving. Youthful male drivers are most likely to cause an accident and therefore have the most expensive auto insurance rates.
  • Where you reside plays a part – Being located in a rural area has it’s advantages when talking about auto insurance. Lower population translates into fewer accidents. Drivers who live in large cities have congested traffic and a longer drive to work. More time commuting means more change of being in an accident.

Save $416 a year. For real?

Consumers constantly see and hear ads for the lowest price auto insurance by Allstate and Progressive. All the companies have a common claim about savings if you move to their company.

But how can every company make almost identical claims? This is how they do it.

Different companies can use profiling for the type of customer that is profitable for them. For example, a profitable customer could possibly be between 30 and 50, owns a home, and has a high credit rating. Any driver who matches those parameters gets the lowest rates and as a result will probably save a lot of money.

Potential insureds who do not match the requirements will be quoted higher prices and this can result in business not being written. Company advertisements say “customers that switch” not “everybody who quotes” save money. That’s why companies can truthfully make the claims of big savings. This emphasizes why you absolutely need to compare many company’s rates. It’s not possible to predict which company will give you the biggest savings on Ford Thunderbird insurance.

Coverages available on your policy

Understanding the coverages of your policy can help you determine the right coverages for your vehicles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection when other motorists do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your Ford Thunderbird.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Collision coverage

Collision insurance covers damage to your Thunderbird 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 can pay for claims such as crashing into a ditch, backing into a parked car and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. It’s also possible to raise the deductible to save money on collision insurance.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage kick in for bills for nursing services, prosthetic devices, ambulance fees, rehabilitation expenses and surgery. The coverages can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. Coverage applies to both the driver and occupants and also covers if you are hit as a while walking down the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like rock chips in glass, hail damage and damage from getting keyed. The maximum payout you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Liability coverages

This provides protection from damage or injury you incur to other’s property or people. It protects YOU from legal claims by others, and does not provide coverage for 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 liability 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 total limit of $50,000 for damage to vehicles and property.

Liability can pay for claims like attorney fees, medical expenses and repair bills for other people’s vehicles. How much liability coverage do you need? That is up to you, but consider buying higher limits if possible.

Have the Midas touch

We covered many ideas to shop for 2003 Ford Thunderbird insurance 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 rates come from a lesser-known regional company.

Discount insurance can be sourced on the web as well as from independent agents, and you should compare price quotes from both to have the best chance of lowering rates. There are still a few companies who don’t offer online price quotes and these smaller companies work with independent agents.

Consumers change insurance companies for a variety of reasons including unfair underwriting practices, an unsatisfactory settlement offer, policy cancellation or even being labeled a high risk driver. Regardless of your reason for switching companies, choosing a new company can be easier than you think.

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