Want the cheapest auto insurance rates for your Ford Five Hundred? Cutting costs on Driversauto insurance can be very difficult for drivers new to online comparison shopping. There are so many companies to choose from that it can be hard work to locate the lowest rates.
Smart consumers take time to shop coverage around as often as possible because insurance prices fluctuate regularly. If you had the best deal on Five Hundred insurance at your last renewal you can probably find a better rate now. Block out anything you think you know about auto insurance because we’re going to show you the fastest way to save on auto insurance.
Car insurance can cost a lot, but companies offer discounts that can drop the cost substantially. Some of these disounts will be visible at the time of purchase, but lesser-known reductions have to be specially asked for before you get the savings.
As a disclaimer on discounts, many deductions do not apply to the entire cost. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like it’s possible to get free car insurance, that’s just not realistic.
Companies and their possible discounts are detailed below.
Check with every insurance company what discounts are available to you. Some credits may not be available in your area. To view insurance companies who offer free insurance quotes, click this link.
When buying insurance coverage it’s important to understand the rating factors that aid in calculating your insurance coverage rates. When consumers understand what determines base rates, this enables informed choices that may result in big savings. Many different elements are part of the calculation when pricing auto insurance. Some are obvious like a motor vehicle report, although others are less obvious like your continuous coverage and annual miles driven.
When it comes to buying the right insurance coverage, there is no single plan that fits everyone. Everyone’s situation is unique.
Here are some questions about coverages that could help you determine if you might need an agent’s assistance.
If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, complete this form.
Learning about specific coverages of auto insurance aids in choosing the best coverages and the correct deductibles and limits. Policy terminology can be confusing and nobody wants to actually read their policy.
Coverage for medical expenses – Medical payments and Personal Injury Protection insurance pay for immediate expenses for surgery, rehabilitation expenses and hospital visits. They are used to cover expenses not covered by your health insurance plan or if you do not have health coverage. It covers you and your occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage
Collision coverage – This coverage will pay to fix damage to your Five Hundred resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers things like scraping a guard rail, crashing into a building, colliding with a tree and hitting a parking meter. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. Another option is to increase the deductible to save money on collision insurance.
Comprehensive auto insurance – This pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive insurance covers things like fire damage, rock chips in glass and hitting a bird. 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 it’s not worth carrying full coverage.
Liability coverages – This protects you from damages or injuries you inflict on people or other property by causing an accident. This coverage protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 25/50/25 which means a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.
Liability can pay for things such as repair costs for stationary objects, medical expenses, funeral expenses, bail bonds and loss of income. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as much as you can afford.
Coverage for uninsured or underinsured drivers – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as damage to your 1995 Ford Five Hundred.
Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Most of the time these coverages are identical to your policy’s liability coverage.
When buying insurance coverage, it’s a bad idea to reduce coverage to reduce premium. In many instances, someone sacrificed liability limits or collision coverage only to regret at claim time they didn’t have enough coverage. The proper strategy is to find the BEST coverage at an affordable rate, not the least amount of coverage.
Drivers change insurance companies for any number of reasons including not issuing a premium refund, policy cancellation, extreme rates for teen drivers and questionable increases in premium. No matter why you want to switch, choosing a new insurance company is actually quite simple.
In this article, we covered many ideas to lower your 1995 Ford Five Hundred insurance prices. The most important thing to understand is the more times you quote, the better chance you’ll have of finding the cheapest auto insurance. You may even discover the best price on insurance is with some of the smallest insurance companies.