How Much Does 2002 Ford Five Hundred Insurance Cost?

Searching for cheaper insurance rates for your Ford Five Hundred? Locating cheaper insurance for a Ford Five Hundred can normally be an all-consuming task, but you can follow our insurance buying tips to save time. There is a right way and a wrong way to find insurance online so you’re going to learn the best way to quote coverages for your Ford and obtain the best price possible.

It’s a good idea to do price comparisons occasionally due to the fact that insurance rates tend to go up over time. Even if you think you had the best rate on Five Hundred insurance at your last renewal you may be paying too much now. There is a lot of bad advice regarding insurance online, but by reading this article, you’re going to learn the easiest ways to find affordable insurance.

Which insurance is cheapest?

Shopping for lower insurance rates can take time and effort if you aren’t aware of the most efficient way to do it. You could waste time talking about coverages with agents in your area, or you could use online quotes to quickly compare rates.

The majority of car insurance companies enroll in a system that allows shoppers to complete one form, and each participating company can provide price quotes. This eliminates the need for quote forms to each individual insurance company.

To fill out one form to compare multiple rates now click to open in new window.

The one disadvantage to pricing coverage this way is you are unable to specify the providers you want to price. So if you want to choose specific insurance companies to compare rates, we have assembled a list of low cost insurance companies in your area. Click to view list.

Whichever way you use, be sure to compare the exact same coverage data on every quote you get. If the quotes have mixed coverages you will not be able to determine the lowest rate for your Ford Five Hundred.

Use discounts to get cheaper insurance coverage quotes

Not many people think insurance is cheap, but there could be significant discounts to help offset the cost. Some discounts will apply at the time of quoting, but a few must be manually applied before they will apply.

  • Discount for Multiple Policies – When you have multiple policies with one insurance company you could get a discount of at least 10% off all policies.
  • Life Insurance – If the company offers life insurance, you could get better insurance coveragerates if you take out life insurance from them.
  • Employee of Federal Government – Having worked for a branch of the government can save as much as 8% on Five Hundred insurance with select insurance companies.
  • Accident Forgiveness – Not a discount per se, but some insurance companies will let one accident slide before raising your premiums if you have no claims prior to being involved in the accident.
  • No Claim Discounts – Drivers who stay claim-free have much lower rates in comparison to policyholders that have many claims.
  • Onboard Data Collection – Drivers who agree to allow companies to look at their driving habits by using a telematics device such as Progressive’s Snapshot and State Farm’s In-Drive may see discounts if their driving habits are good.
  • Drivers Education – Make teen driver coverage more affordable by requiring them to sucessfully take a drivers education course as it will make them better drivers and lower rates.

Don’t be surprised that some credits don’t apply to the entire policy premium. A few only apply to individual premiums such as physical damage coverage or medical payments. If you do the math and it seems like you would end up receiving a 100% discount, you’re out of luck.

A few of the larger companies and their possible discounts can be found below.

  • Progressive policyholders can earn discounts including multi-policy, continuous coverage, online signing, multi-vehicle, good student, and homeowner.
  • Farmers Insurance may include discounts for youthful driver, homeowner, business and professional, mature driver, teen driver, and alternative fuel.
  • Farm Bureau offers discounts for multi-policy, good student, youthful driver, safe driver, 55 and retired, and driver training.
  • State Farm offers discounts including driver’s education, good driver, Steer Clear safe driver discount, anti-theft, student away at school, good student, and defensive driving training.
  • GEICO offers premium reductions for driver training, military active duty, anti-theft, membership and employees, multi-vehicle, daytime running lights, and seat belt use.
  • SAFECO may offer discounts for drive less, accident prevention training, bundle discounts, homeowner, and anti-lock brakes.
  • Liberty Mutual includes discounts for multi-car, safety features, exclusive group savings, new move discount, newly retired, and multi-policy.

If you are trying to find cheaper insurance coverage quotes, ask each insurance company to apply every possible discount. Some discounts listed above may not be available everywhere.

Tailor your auto insurance coverage to you

When choosing the best auto insurance coverage, there isn’t really a best way to insure your cars. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that may help highlight if your situation will benefit from professional help.

  • What is the ISO rating for a 2002 Ford Five Hundred?
  • Will my rates increase for filing one claim?
  • Should I buy only the required minimum liability coverage?
  • Is business property covered if stolen from my car?
  • Will my insurance pay for OEM parts?
  • What should my uninsured motorist coverage limits be in my state?
  • Does my personal policy cover me when driving out-of-state?
  • If my pet gets injured in an accident are they covered?
  • Are my friends covered when driving my 2002 Ford Five Hundred?
  • Do I have coverage when using my vehicle for my home business?

If you’re not sure about those questions, then you may want to think about talking to a licensed agent. To find an agent in your area, simply complete this short form. It is quick, free and you can get the answers you need.

Find Ford Five Hundred insurance more affordably

Many different elements are part of the calculation when pricing auto insurance. Some are obvious like an MVR report, but other factors are not quite as obvious such as whether you are married or how safe your car is.

  • Gender impacts rates – Statistics show women are more cautious behind the wheel. Now that doesn’t mean men are WORSE drivers than women. Both sexes tend to get into auto accidents at about the same rate, but men cause more damage. Not only are claims higher, but men receive more costly citations like driving under the influence (DUI).
  • With age comes responsibility – More mature drivers are shown to be more cautious, statistically cause fewer accidents and get fewer tickets.Youthful drivers tend to be less responsible with other occupants in the car so they pay higher car insurance rates.
  • Policy add-ons could be costing you – There are many additional extra coverages that can add up if you aren’t diligent. Insurance for things like roadside assistance, accidental death, and extra life insurance coverage could be just wasting money. You may think they are a good idea when deciding what coverages you need, but if you’ve never needed them in the past think about removing them and cutting costs.
  • Save by staying claim free – Car insurance companies generally give the best rates to policyholders that do not abuse their auto insurance. If you’re an insured who likes to file claims you can definitely plan on either a policy non-renewal or much higher rates. Auto insurance is meant to be used in the event of claims that you cannot pay yourself.
  • Avoid traffic tickets – Attentive drivers have lower premiums compared to bad drivers. Getting just one driving citation can increase the cost of insurance twenty percent or more. Drivers who have gotten license-revoking violations such as reckless driving or DUI may be required to prove financial responsibility with their state motor vehicle department in order to drive a vehicle legally.
  • Premiums may be lower depending on your occupation – Did you know your car insurance rates can be affected by your occupation? Occupations such as real estate brokers, executives and financial analysts generally have the highest rates in part from job stress and incredibly demanding work hours. Other careers like professors, students and retirees have the lowest average rates on Five Hundred insurance.
  • Pay more if you have a long commute – Choosing to live in areas with lower population can be a good thing when it comes to car insurance. Residents of big cities tend to have more auto accidents and more severe claims. Less people living in that area corresponds to lower accident rates in addition to lower liability claims
  • Vehicles with better crash test results save money – Vehicles that have high safety ratings are cheaper to insure. Vehicles built for safety reduce occupant injuries and lower rates of occupant injuries means lower claim amounts which can result in lower premiums.

Auto insurance coverage information

Understanding the coverages of your car insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and reading a policy is terribly boring.

Comprehensive coverage

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like theft, vandalism, damage from a tornado or hurricane, damage from getting keyed and hail damage. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision insurance

This coverage pays to fix your vehicle from damage resulting from a collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as rolling your car, hitting a mailbox and hitting a parking meter. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.

Medical payments coverage and PIP

Med pay and PIP coverage provide coverage for short-term medical expenses for ambulance fees, hospital visits and doctor visits. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is only offered in select states and may carry a deductible

Liability car insurance

This coverage provides protection from damage or injury you incur to a person or their property by causing an accident. It protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability insurance covers claims like legal defense fees, bail bonds and attorney fees. How much liability should you purchase? That is up to you, but consider buying as high a limit as you can afford.

Saving money is sweet as honey

Lower-priced insurance is available from both online companies as well as from independent agents, so you should compare both to have the best chance of lowering rates. Some insurance providers do not provide the ability to get a quote online and most of the time these regional insurance providers work with local independent agents.

Drivers switch companies for any number of reasons including not issuing a premium refund, policy non-renewal, an unsatisfactory settlement offer or even delays in paying claims. Whatever your reason, choosing a new insurance company is pretty easy and you might even save some money in the process.

We just presented quite a bit of information on how to shop for 2002 Ford Five Hundred insurance online. The most important thing to understand is the more times you quote, the better your comparison will be. You may even discover the best prices are with a small local company.

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