Lower Your 2008 Ford Five Hundred Insurance Cost

Trying to find cheaper insurance rates? Buyers have a choice when searching for affordable Ford Five Hundred insurance. You can either spend your time calling around to get rate comparisons or use the internet to find the lowest rates.

There are both good and bad ways to shop for insurance so we’re going to tell you the proper way to quote coverages for your Ford and find the lowest possible price either online or from local insurance agents.

You should make it a habit to shop coverage around on a regular basis because prices are constantly changing. Despite the fact that you may have had the best deal on Five Hundred insurance a few years ago there is a good chance you can find better rates now. You can find a lot of misleading information regarding insurance on the internet, so we’re going to give you the easiest ways to find cheap insurance.

If you have a current insurance policy or are shopping for new coverage, you can use these tips to cut your premiums while maintaining coverages. This information will teach you the most effective way to quote insurance. Drivers just need to understand the proper methods to compare company rates online.

Ford Five Hundred rates influenced by many factors

It’s important that you understand some of the elements that play a part in calculating insurance coverage rates. Knowing what controls the rates you pay empowers consumers to make smart changes that may reward you with big savings.

Shown below are some of the items used by your company to calculate rates.

  • Proper usage rating affects rates – Driving more miles in a year’s time the more you’ll pay to insure your vehicle. Almost all companies rate vehicles based on how the vehicle is used. Vehicles not used for work or commuting receive lower rates than vehicles that are driven to work every day. Ask your agent if your insurance coverage coverage is rated on the proper vehicle usage, because improper ratings can cost you money. Incorrect usage on your Five Hundred can result in significantly higher rates.
  • Car features impact rates – Choosing a vehicle with an alarm system can help bring down rates. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart car theft.
  • Better crash test results mean better rates – Vehicles with high crash test scores get lower rates. Safer cars reduce injuries and fewer injuries translates into savings for insurance companies and thus lower rates. If your Ford has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
  • Discounts for multiple policies – The majority of companies provide better rates to insureds who carry more than one policy, otherwise known as a multi-policy discount. Even if you’re getting this discount it’s in your best interest to compare rates to ensure the best deal.

Lower rates by qualifying for discounts

Insuring your fleet can be pricey, buy you may qualify for discounts that can drop the cost substantially. Some trigger automatically when you quote, but a few need to be asked for before you will receive the discount. If you’re not getting every credit possible, you’re paying more than you need to.

  • Discount for Swiching Early – Some companies give discounts for switching policies before your current expiration date. The savings is around 10%.
  • Driver Safety – Successfully completing a defensive driving course could cut 5% off your bill if your company offers it.
  • Federal Government Employee – Being employed by or retired from a federal job may qualify you for a discount on Five Hundred insurance depending on your company.
  • New Vehicle Savings – Putting insurance coverage on a new car can save up to 30% because new vehicles have to meet stringent safety requirements.
  • Good Students Pay Less – Performing well in school can save 20 to 25%. This discount can apply up to age 25.

Consumers should know that most discounts do not apply to the overall cost of the policy. Some only apply to the price of certain insurance coverages like medical payments or collision. So when it seems like all the discounts add up to a free policy, you won’t be that lucky. But all discounts will reduce the cost of coverage.

Companies that may have these benefits are:

It’s a good idea to ask each company which discounts they offer. Some discounts may not be available in your area.

Car insurance is unique, just like you

When choosing the right insurance coverage for your vehicles, there really is no best way to insure your cars. Every situation is different.

These are some specific questions might point out whether you will benefit from professional help.

  • Should I carry comprehensive and collision coverage?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Is a new car covered when I drive it off the dealer lot?
  • Do I need medical payments coverage since I have good health insurance?
  • Does my medical payments coverage pay my health insurance deductible?
  • Can I rate high risk drivers on liability-only vehicles?
  • Is extra glass coverage worth it?
  • How high should my uninsured/underinsured coverage be in my state?
  • Is business equipment covered while in my vehicle?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form. It only takes a few minutes and may give you better protection.

Specific coverages for a Ford Five Hundred

Learning about specific coverages of a car insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be confusing and coverage can change by endorsement.

Liability car insurance

Liability coverage provides protection from injuries or damage you cause to other’s property or people in an accident. This coverage protects you from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 50/100/50 which stand for 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. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.

Liability coverage protects against claims such as repair costs for stationary objects, court costs, bail bonds, loss of income and attorney fees. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Medical expense coverage

Med pay and PIP coverage kick in for expenses for EMT expenses, chiropractic care, dental work and funeral costs. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured or underinsured coverage

This coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and damage to your Ford Five Hundred.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is a good idea. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Comprehensive protection

This pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like falling objects, damage from flooding, hail damage, hitting a bird and a tree branch falling on your vehicle. The maximum payout your car insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Collision insurance

Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things like driving through your garage door, sustaining damage from a pot hole and rolling your car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Affordable insurance is out there

Drivers change insurance companies for many reasons like unfair underwriting practices, extreme rates for teen drivers, an unsatisfactory settlement offer or delays in responding to claim requests. Regardless of your reason for switching companies, finding a new company can be pretty painless.

As you prepare to switch companies, it’s not a good idea to skimp on coverage in order to save money. There are a lot of situations where an insured cut physical damage coverage and discovered at claim time that they should have had better coverage. The aim is to find the BEST coverage at a price you can afford while not skimping on critical coverages.

We just covered a lot of tips how to lower your 2008 Ford Five Hundred insurance rates. It’s most important to understand that the more rate quotes you have, the higher your chance of finding lower rates. Drivers may discover the best prices are with a lesser-known regional company.

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