2016 Ford Five Hundred Insurance Cost – 9 Ideas for Cheaper Prices

Looking for lower auto insurance rates? Shoppers have lots of choices when shopping for low-cost Ford Five Hundred insurance. You can either spend your time struggling with agents trying to get quotes or save time using the internet to find the lowest rates.

There are more efficient ways to find auto insurance online and we’ll show you the best way to compare rates for your Ford and locate the lowest possible price from both online companies and local agents.

It is always a good idea to compare prices quite often because rates tend to go up over time. Despite the fact that you may have had the best deal for Five Hundred insurance six months ago the chances are good that you can find a lower rate today. Forget anything you know (or think you know) about auto insurance because you’re about to find out one of the best ways to find the best coverage while lowering your premiums.

Lower rates by qualifying for these nine discounts

Insurance can be prohibitively expensive, but you can get discounts that you may not know about. Some trigger automatically when you quote, but some may not be applied and must be specifically requested before being credited. If you aren’t receiving every discount you deserve, you’re paying more than you need to.

  • New Car Discount – Buying coverage on a new vehicle can cost up to 25% less since new cars are generally safer.
  • Senior Citizens – If you’re over the age of 55, you may receive a small decrease in premiums for Five Hundred insurance.
  • Driver Safety – Completing a driver safety course can save you 5% or more depending on where you live.
  • One Accident Forgiven – Some insurance companies will forgive one accident without raising rates so long as you haven’t had any claims prior to the accident.
  • Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can receive discounts of more than 20%.
  • Early Switch Discount – A few companies offer discounts for buying a policy before your current expiration date. It’s a savings of about 10%.
  • Distant Student – Any of your kids who attend school more than 100 miles from home and do not have access to a covered vehicle may qualify for this discount.
  • Accident Free – Good drivers with no accidents pay less when compared with drivers who are more careless.
  • Homeowners Savings – Owning a home can help you save on insurance because of the fact that having a home demonstrates responsibility.

Consumers should know that most discounts do not apply to the entire cost. Some only reduce individual premiums such as medical payments or collision. So when it seems like adding up those discounts means a free policy, it just doesn’t work that way. Any qualifying discounts will bring down the amount you have to pay.

For a list of insurance companies with the best insurance discounts, click here.

The quickest way to compare insurance rates from multiple companies is to know the fact most larger insurance companies provide online access to provide you with free rate quotes. The only thing you need to do is take a few minutes to give details including whether you are married, if you have an active license, whether you have decent credit, and if it has an anti-theft system. The rating information is automatically sent to many different companies and they respond with quotes with very little delay.

Car insurance is unique, just like you

When it comes to choosing the right insurance coverage for your vehicles, there really is not a cookie cutter policy. Coverage needs to be tailored to your specific needs.

These are some specific questions might point out whether your personal situation may require specific advice.

  • Do I need medical payments coverage since I have good health insurance?
  • Can I afford to pay high deductible claims out of pocket?
  • What is the difference between comprehensive and collision coverage?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • What is PIP insurance?
  • Are rental cars covered under my policy?
  • I have health insurance so do I need medical payments coverage?
  • If my 2016 Ford Five Hundred is totaled, can I afford another vehicle?
  • Who is covered by my policy?
  • When do I need to add a new car to my policy?

If you don’t know the answers to these questions, then you may want to think about talking to an agent. To find an agent in your area, complete this form. It is quick, free and you can get the answers you need.

Car insurance ads bend the truth

Consumers can’t ignore all the ads for the lowest price auto insurance by companies like 21st Century, Allstate and State Farm. They all seem to make the same claim about savings if you move to them.

But how can every company make the same claim?

All companies have a preferred profile for the driver they prefer to insure. For example, a profitable customer could be between 25 and 40, has no tickets, and drives less than 7,500 miles a year. A driver who matches those parameters gets the lowest rates and is almost guaranteed to save a lot of money.

Drivers who don’t qualify for the “perfect” profile will have to pay a higher premium and this can result in the driver buying from a lower-cost company. Company advertisements say “drivers who switch” not “everyone that quotes” save money. That’s the way insurance companies can make those claims.

Because of the profiling, it’s extremely important to get as many comparisons as possible. It’s just too difficult to predict which company will provide you with the cheapest Ford Five Hundred insurance rates.

Auto insurance policy specifics

Learning about specific coverages of your policy helps when choosing appropriate coverage and the correct deductibles and limits. Auto insurance terms can be confusing and nobody wants to actually read their policy.

Auto liability insurance

Liability insurance will cover injuries or damage you cause to a person or their property in an accident. This insurance protects YOU from claims by other people. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 which means $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Another option is one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for claims such as loss of income, medical services, emergency aid and funeral expenses. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive insurance

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

Comprehensive insurance covers claims such as hail damage, rock chips in glass, a broken windshield and damage from a tornado or hurricane. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Collision insurance

Collision insurance pays for damage to your Five Hundred resulting from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against things such as driving through your garage door, crashing into a ditch and backing into a parked car. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to save money on collision insurance.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage pay for bills like doctor visits, rehabilitation expenses, nursing services and funeral costs. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist (UM/UIM)

This provides protection from other motorists when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and also any damage incurred to your Ford Five Hundred.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Frequently these limits do not exceed the liability coverage limits.

Get your money’s worth

Consumers change insurance companies for a variety of reasons including denial of a claim, extreme rates for teen drivers, policy cancellation or even delays in responding to claim requests. Whatever your reason, finding a new company can be easy and end up saving you some money.

Lower-priced 2016 Ford Five Hundred insurance is definitely available both online as well as from independent agents, and you need to price shop both to get a complete price analysis. Some insurance coverage companies don’t offer the ability to get a quote online and many times these regional insurance providers only sell through independent insurance agents.

When you buy insurance online, don’t be tempted to sacrifice coverage to reduce premiums. Too many times, an insured cut liability coverage limits and discovered at claim time that the few dollars in savings costed them thousands. Your aim should be to purchase a proper amount of coverage at the best price while not skimping on critical coverages.

Much more information about insurance coverage can be found below: