2003 Ford Five Hundred Insurance Rates – 10 Policy Discounts

Feeling guilty for buying an overpriced car insurance policy? Don’t sweat it because there are lots of people in the same boat.

Many insurers vie for your insurance dollar, and because of this it can be hard to compare auto insurance companies to find the absolute best price available.

Compare auto insurance quotes

There are several ways to compare auto insurance quotes, but there is one way that is more efficient than others. You could spend your day discussing policy coverages with local insurance agents in your area, or you could save time and use online quotes to maximize your effort.

All the larger companies take part in a program that allows shoppers to send in one quote, and each participating company can provide price quotes for coverage. This prevents consumers from doing quote forms for each company you want a rate for.

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

The single downside to doing it this way is you don’t know exactly the insurers you want pricing from. If you would rather choose from a list of companies to compare rates, we put together a list of companies who write auto insurance in your area. Click here for list of insurance companies.

It’s your choice how you get your quotes, but make sure you use identical coverage limits for each comparison quote. If your comparisons have differing limits it’s not possible to truly determine the lowest rate. Slightly different coverage limits may cause a big price difference. Just keep in mind that more quotes helps you find a lower rate. Not every company does rate quotes online, so you should also compare rates on coverage from those companies, too.

Situations that may require an agent’s advice

When buying the best auto insurance coverage for your vehicles, there isn’t really a best way to insure your cars. Every insured’s situation is different so your insurance needs to address that. These are some specific questions can aid in determining whether or not you will benefit from professional help.

  • What is no-fault insurance?
  • Do I pay less for low miles?
  • Are all vehicle passengers covered by medical payments coverage?
  • Do I need special endorsements for business use of my vehicle?
  • How high should deductibles be on a 2003 Ford Five Hundred?
  • Does my personal policy cover me when driving out-of-state?
  • Is business property covered if stolen from my car?
  • Do I have coverage when pulling a U-Haul trailer?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Auto insurance coverage information

Understanding the coverages of your policy can be of help when determining appropriate coverage for your vehicles. The terms used in a policy can be confusing and coverage can change by endorsement. Listed below are typical coverage types found on the average car insurance policy.

Auto liability insurance – Liability insurance will cover damage or injury you incur to other people or property in an accident. It protects YOU from claims by other people, and doesn’t cover damage to your own property or vehicle.

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 values of 50/100/50 which means $50,000 bodily injury coverage, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims like court costs, emergency aid and funeral expenses. How much coverage you buy is your choice, but consider buying as high a limit as you can afford.

UM/UIM Coverage – Your UM/UIM coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as damage to your 2003 Ford Five Hundred.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Comprehensive or Other Than Collision – This coverage will pay to fix damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as theft, vandalism, hail damage and damage from flooding. The highest amount you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision – This pays for damage to your Five Hundred resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as crashing into a building, hitting a mailbox, hitting a parking meter and rolling your car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. You can also choose a higher deductible to bring the cost down.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses such as EMT expenses, funeral costs, X-ray expenses and chiropractic care. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP is not available in all states but can be used in place of medical payments coverage