Lower Your 2004 Ford Five Hundred Insurance Cost

I doubt anyone rejoices having to buy car insurance, in particular when the prices are way too high.

Because there are so many insurance providers from which to choose, it is hard for the average consumer to choose the lowest price insurer.

Consumers need to shop coverage around yearly because prices are rarely the same from one policy term to another. Despite the fact that you may have had the lowest rates for Five Hundred insurance a couple years back other companies may now be cheaper. Block out anything you think you know about car insurance because we’re going to demonstrate the best methods to properly buy coverages while reducing your premium.

The fastest way that we advise to get rate comparisons is to know the fact auto insurance companies actually pay money for the chance to provide you with free rate quotes. All you need to do is give them some information such as whether or not you need a SR-22, your job, if you lease or own, and coverage limits. Your information is submitted instantly to multiple companies and you will get price comparisons instantly to find the best rate.

To compare rates now, click here and complete the form.

Get cheaper insurance coverage quotes with discounts

Some providers do not advertise the entire discount list very clearly, so the next list breaks down some of the more common and the more hidden savings tricks you should be using when you buy car insurance online.

  • Anti-theft System – Vehicles equipped with tracking devices and advanced anti-theft systems help deter theft and earn discounts up to 10% off your car insurance quote.
  • First Accident Forgiveness – Not necessarily a discount, but certain companies will turn a blind eye to one accident without getting socked with a rate hike if your claims history is clear before the accident.
  • Driver Education Discount – Require your teen driver to take driver’s ed class if it’s offered in school.
  • Active Military Service – Being deployed with a military unit may qualify for rate reductions.
  • Multi-policy Discount – If you insure your home and vehicles and insure them with the same company you may save 10% to 20% off each policy.
  • Drive Safe and Save – Drivers who avoid accidents may save up to 50% more for Five Hundred insurance than less cautious drivers.
  • Save with a New Car – Insuring a vehicle that is new can save you some money because newer models are generally safer.
  • Multi-Vehicle Discounts – Buying coverage for multiple vehicles on one policy can reduce rates for all insured vehicles.

Discounts reduce rates, but you should keep in mind that some credits don’t apply to the entire policy premium. A few only apply to specific coverage prices like collision or personal injury protection. So despite the fact that it appears you can get free auto insurance, that’s just not realistic. Any amount of discount will lower the amount you pay for coverage.

The best insurance coverage companies and some of the premium reductions they offer include:

  • GEICO policyholders can earn discounts including five-year accident-free, seat belt use, daytime running lights, multi-policy, and air bags.
  • MetLife discounts include defensive driver, good student, accident-free, claim-free, good driver, multi-policy
  • State Farm includes discounts for good driver, driver’s education, anti-theft, good student, and Drive Safe & Save.
  • Progressive has discounts for multi-policy, online signing, homeowner, continuous coverage, good student, online quote discount, and multi-vehicle.
  • Mercury Insurance may include discounts for professional/association, location of vehicle, ease of repair, multi-car, multi-policy, good student, and accident-free.
  • 21st Century offers premium reductions for student driver, homeowners, early bird, anti-lock brakes, automatic seat belts, teen driver, and good student.
  • Allstate may have discounts that include FullPay discount, utility vehicle, premier plus, 55 and retired, and early signing.

Before purchasing a policy, check with all companies you are considering which credits you are entitled to. Some of the earlier mentioned discounts might not be available to policyholders in every state. If you would like to choose from a list of insurance coverage companies that offer many of these discounts, click here to view.

The Ford Five Hundred insurance premium equation

Smart consumers have a good feel for the different types of things that play a part in calculating insurance rates. When you understand what impacts premium levels, this empowers consumers to make smart changes that can earn you lower insurance prices.

  • Premiums are affected by your credit history – Credit score will be a significant factor in calculating your insurance rates. If your credit history can be improved, you could potentially save money when insuring your 2004 Ford Five Hundred by spending a little time repairing your credit. People with good credit tend to file fewer claims and have better driving records than those with bad credit.
  • Male costs may be higher – The statistics show that females tend to be a little less risky than males. Now that doesn’t mean females are better at driving than males. Both sexes cause accidents at a similar rate, but the males have accidents that have higher claims. Men also statistically have more aggressive citations like DWI (DUI) or reckless driving. Male teenagers generally have the highest accident percentage and therefore pay the highest rates.
  • Lower rates by increasing physical damage deductibles – Physical damage deductibles are how much you are required to spend if a claim is determined to be covered. Physical damage coverage, otherwise known as comp (or other than collision) and collision, insures against damage to your car. A few examples of covered claims would be rearending another vehicle, damage caused by hail, or theft of your vehicle. The more of the claim the insured has to pay upfront, the bigger discount you will receive for Five Hundred insurance.
  • Alarm systems save money – Driving a car that has a built-in theft deterrent system can save you a little every year. Theft prevention features such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack can help prevent car theft and help bring rates down.

Tailor your auto insurance coverage to you

When choosing the right insurance coverage for your personal vehicles, there really is not a “best” method to buy coverage. Every insured’s situation is different so this has to be addressed. For example, these questions can aid in determining whether you might need an agent’s assistance.

  • Should I buy full coverage?
  • Do I need rental car coverage?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Does coverage extend to my business vehicle?
  • Am I covered if I crash into my own garage door?
  • Can I rate high risk drivers on liability-only vehicles?
  • Are rock chip repairs covered?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Do I need replacement cost coverage on my 2004 Ford Five Hundred?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier

Car insurance specifics

Knowing the specifics of your car insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. Car insurance terms can be difficult to understand and nobody wants to actually read their policy. Below you’ll find the normal coverages found on the average car insurance policy.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP kick in for expenses for doctor visits, funeral costs, X-ray expenses, nursing services and surgery. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. They cover you and your occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance

This pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as damage from flooding, falling objects and a broken windshield. The maximum amount a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability insurance

Liability insurance protects you from injuries or damage you cause to other people or property by causing an accident. It protects you from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 50/100/50 which stand for a $50,000 limit per person for injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability can pay for claims such as pain and suffering, legal defense fees, medical services and funeral expenses. How much liability should you purchase? That is your choice, but consider buying as large an amount as possible.

Collision insurance

This pays for damage to your Five Hundred resulting from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as backing into a parked car, sideswiping another vehicle, hitting a parking meter and crashing into a building. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to raise the deductible in order to get cheaper collision rates.

Make a quick buck

We just presented quite a bit of information on how to reduce 2004 Ford Five Hundred insurance premium rates online. The key thing to remember is the more price quotes you have, the higher the chance of saving money. You may be surprised to find that the lowest premium rates are with some of the lesser-known companies. Some small companies may cover specific market segments cheaper than the large multi-state companies such as Progressive or GEICO.

More affordable car insurance is attainable on the web and from local insurance agents, and you need to price shop both to have the best chance of lowering rates. Some companies may not offer the ability to get quotes online and these regional insurance providers only sell coverage through independent agents.

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