Cheap 1993 Ford Five Hundred Insurance Rates

Searching for the cheapest car insurance rates for your Ford Five Hundred? Have you finally had enough of scraping nickels together each month for car insurance? You are in the same boat as many other consumers.

Since vehicle owners have many options, it can be challenging to find the most cost effective car insurance company.

Pricing affordable coverage is easy if you know what you’re doing. Basically, every driver who has to buy car insurance will more than likely be able to save money. Nevertheless, car owners benefit from understanding how the larger insurance companies sell online and apply this information to your search.

Insurance policy discounts you can’t miss

Companies don’t necessarily list the entire discount list in an easy-to-find place, so the list below gives a summary of some of the best known in addition to some of the lesser obvious insurance savings. If you are not receiving all the discounts you qualify for, you are throwing money away.

  • Federal Employees – Active or retired federal employment may qualify for a discount when you quote insurance for Five Hundred coverage depending on your company.
  • Braking Control Discount – Cars and trucks with ABS braking systems or traction control can avoid accidents and will save you 10% or more.
  • Early Payment Discounts – By making one initial payment rather than paying in monthly installments you can avoid the installment charge.
  • Drive Less and Save – Fewer annual miles on your Ford could be rewarded with better insurancerates on cars that stay parked.
  • Multi-car Discount – Purchasing coverage when you have multiple cars or trucks with the same company can get a discount on all vehicles.
  • Discounts for New Vehicles – Buying insurance coverage on a new vehicle can cost up to 25% less compared to insuring an older model.
  • Early Renewal Discounts – A few insurance companies allow discounts for switching to them prior to the expiration date on your current policy. This discount can save up to 10%.
  • Discounts for Safe Drivers – Drivers who don’t get into accidents could pay up to 40% less for Five Hundred coverage compared to accident prone drivers.
  • Accident-Free Discounts – Claim-free drivers pay less in comparison to drivers who are more careless.

Discounts lower rates, but most discounts do not apply to the entire policy premium. Most only cut individual premiums such as medical payments or collision. So despite the fact that it appears having all the discounts means you get insurance for free, it’s just not the way it works.

If you would like to see a list of companies with the best insurance discounts, click here to view.

Where can I get the cheapest insurance coverage?

Comparing insurance coverage rates is a ton of work if you don’t know the most efficient way to do it. You could waste a few hours talking to local insurance agents in your area, or you can utilize the internet to quickly compare rates.

Most of the larger companies are enrolled in a marketplace where prospective buyers enter their policy data once, and every company can give them a price for coverage. This prevents consumers from doing form submissions for each company.

To find out what other companies charge click here (opens in new window).

One minor caviat to using this type of system is buyers cannot specifically choose the companies you want pricing from. If you would rather choose individual companies to compare prices, we have a page of the cheapest insurance coverage companies in your area. Click here for list of insurance companies.

The approach you take is up to you, just do your best to use the same coverage limits for every quote you compare. If you compare different values for each quote it will be impossible to decipher which rate is best. Just a small difference in insurance coverages can mean a large discrepancy in price. And when comparison shopping, getting more free quotes increases your odds of finding better pricing.

Smart buyers know how to quote insurance coverage cheaper

Many things are used when you get your auto insurance bill. A few of the factors are predictable such as your driving history, although some other factors are less apparent like your continuous coverage or your financial responsibility.Consumers need to have an understanding of a few of the rating criteria that aid in calculating your insurance coverage rates. If you have a feel for what impacts premium levels, this enables you to make decisions that may reward you with better insurance coverage rates.

  • Save by driving less – Driving a lot of miles in a year the more you will pay for insurance coverage. Most companies calculate prices based upon how much you drive. Vehicles that are left in the garage can get a lower rate than vehicles that have high annual mileage. Double check that your insurance coverage policy properly reflects the correct usage for each vehicle, because improper ratings can cost you money. Having the wrong rating on your Five Hundred is just wasting money.
  • Driving citations are costly – Good drivers tend to pay less for car insurance as compared to those with violations. Having a single moving violation can boost insurance rates by as much as thirty percent. Drivers who get severe tickets like hit and run, DWI or reckless driving convictions are required to maintain a SR-22 with their state DMV in order to prevent a license revocation.
  • Cars with good safety ratings are cheaper to insure – Safe vehicles tend to be cheaper to insure. Highly rated vehicles have better occupant injury protection and any reduction in injury severity means less claims paid passed on to you as lower rates.
  • Little extras can really add up – Insurance companies have many additional coverages you can purchase if you aren’t diligent. Insurance for things like roadside assistance, better glass coverage, and additional equipment coverage are probably not needed. They may seem good when talking to your agent, but now you might not need them so eliminate them to save money.

Insurance agents can help

When it comes to buying proper insurance coverage, there really is no “best” method to buy coverage. Every insured’s situation is different so this has to be addressed. For instance, these questions can aid in determining whether your personal situation may require specific advice.

  • Do I have newly-aquired coverage?
  • What is covered by UM/UIM coverage?
  • Is business equipment covered while in my vehicle?
  • Can my babysitter drive my car?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • I have health insurance so do I need medical payments coverage?
  • Am I covered when driving someone else’s vehicle?
  • Does my 1993 Ford Five Hundred need full coverage?

If you can’t answer these questions but a few of them apply, you might consider talking to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of car insurance companies in your area.

Is there truth in advertising?

Respected companies like Progressive, GEICO, Allstate and State Farm consistently run ads in print and on television. All the companies have a common claim about savings if you change your coverage to them. That’s great but how can every company lower your premium rates?

Different companies have a certain “appetite” for the type of driver that earns them the most money. For instance, this type of risk profile may be between the ages of 30 and 50, is a homeowner, and insures a new vehicle. Any customer that matches those criteria will most likely get cheap car insurance rates and therefore will save money with a new company.

Potential customers who fall outside those criteria will probably be forced to pay higher premiums which usually ends up with the customer buying from a different company. The trick is to say “drivers who switch” but not “all drivers who get quotes” save money. That is how insurance companies can confidently make those statements.

This really illustrates why drivers should get insurance quotes from several different companies. It is just not possible to predict with any certainty which company will provide you with the cheapest rates.

The coverage is in the details

Learning about specific coverages of your car insurance policy aids in choosing the best coverages for your vehicles. Policy terminology can be ambiguous and reading a policy is terribly boring. Below you’ll find typical coverages found on the average car insurance policy.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for ambulance fees, rehabilitation expenses, X-ray expenses and dental work. They are often used to fill the gap from your health insurance program or if you lack health insurance entirely. They cover both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Liability insurance – Liability coverage provides protection from damages or injuries you inflict on a person or their property. This coverage protects you from claims by other people. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 50/100/50 which means a $50,000 limit per person for injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against things such as pain and suffering, bail bonds and medical expenses. How much coverage you buy is your choice, but buy higher limits if possible.

Collision coverages – This pays for damage to your Five Hundred resulting from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for claims such as sideswiping another vehicle, colliding with another moving vehicle, hitting a parking meter, colliding with a tree and rolling your car. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. You can also bump up the deductible in order to get cheaper collision rates.

Uninsured and underinsured coverage – This provides protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Comprehensive coverages – This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like a tree branch falling on your vehicle, hail damage, damage from flooding and vandalism. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Have the Midas touch

You just read a lot of techniques to shop for 1993 Ford Five Hundred insurance online. The most important thing to understand is the more companies you get premium rates for, the better your comparison will be. Consumers may even find the best price on insurance is with some of the smallest insurance companies. Regional companies can often provide lower premium rates in certain areas than the large multi-state companies such as Progressive or GEICO.

When searching for cheap insurance quotes, it’s a bad idea to reduce needed coverages to save money. There have been many cases where someone dropped collision coverage only to regret at claim time that the savings was not a smart move. Your goal should be to purchase plenty of coverage for the lowest cost, but do not skimp to save money.

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