2011 Ford Five Hundred Insurance Rates – 9 Savings Tips

Trying to find cheaper insurance coverage rates for your Ford Five Hundred? If price shopping insurance coverage online is new to you, it’s easy to be confused by the vast number of insurance coverage companies competing for business.

You should take the time to compare prices every six months because insurance rates are adjusted regularly by insurance companies. Just because you had the lowest price for Five Hundred coverage a few years ago you can probably find a lower rate today. Ignore everything you know about insurance coverage because you’re about to learn one of the easiest ways to find great coverage at a great price.

Finding the best car insurance coverage is quite easy. Just about every driver who buys car insurance will most likely be able to find better rates. Nevertheless, car owners can benefit from knowing how insurance companies determine prices and apply this information to your search.

Cheap Insurance Comparisons

When shopping for insurance there are multiple ways of comparing rates from insurance companies in your area. The quickest method to find competitive 2011 Ford Five Hundred insurance rates consists of obtaining rate quotes online. This can be accomplished in a couple of different ways.

• The first (and easiest) way to find low rates is an all-inclusive rate comparison click here to open form in new window. This form eliminates the need for multiple quote forms for each company you want a rate for. A single form gets rate comparisons from multiple companies. Recommended for those who want to invest the least amount of time.
• A harder way to obtain and compare quotes online requires visiting the website for every company you want to comare and complete a new quote form. For sake of this example, let’s say you want to compare USAA, State Farm and Allstate. To find out each rate you need to go to every website and enter your information, and that’s why the first method is more popular. To view a list of companies in your area, click here.

It’s up to you which method you use, but double check that you are using identical coverages and limits for every quote you compare. If you use differing limits it’s not possible to determine the lowest rate for your Ford Five Hundred. Just a small difference in insurance coverages can result in a big premium difference. Keep in mind that getting more free quotes will enable you to find the best rates.

Do I just need basic coverages?

When choosing proper insurance coverage, there isn’t really a “perfect” insurance plan. Everyone’s needs are different.

Here are some questions about coverages that could help you determine if you might need professional guidance.

• Am I insured when driving a different vehicle?
• Why does it cost so much to insure a teen driver?
• How high should deductibles be on a 2011 Ford Five Hundred?
• When should I not file a claim?
• Why am I required to buy high-risk coverage?
• Am I covered when delivering products for my home-based business?
• Does my car insurance cover rental cars?

If you don’t know the answers to these questions, then you may want to think about talking to an insurance agent. If you don’t have a local agent, take a second and complete this form.

Learn about auto insurance coverages for a 2011 Ford Five Hundred

Having a good grasp of a auto insurance policy aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be ambiguous and coverage can change by endorsement.

Comprehensive coverage

This coverage pays for 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 coverage pays for things like fire damage, theft and vandalism. The most your auto insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Medical payments coverage and PIP

Med pay and PIP coverage provide coverage for expenses like nursing services, hospital visits, dental work, chiropractic care 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. They cover all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not an option in every state and gives slightly broader coverage than med pay

Collision protection

Collision coverage covers damage to your Five Hundred caused by collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers things like crashing into a building, crashing into a ditch, hitting a parking meter, scraping a guard rail and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also raise the deductible in order to get cheaper collision rates.

Liability auto insurance

Liability insurance can cover injuries or damage you cause to people or other property 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 limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Some companies may use a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage protects against claims such as legal defense fees, repair bills for other people’s vehicles and medical expenses. How much liability coverage do you need? That is up to you, but you should buy higher limits if possible.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Normally the UM/UIM limits are identical to your policy’s liability coverage.