Cheap 2005 Ford Five Hundred Insurance Cost

Are you intimidated by the number of car insurance choices that you can choose from? Many other people are too. There are so many choices available that it can quickly become a chore to compare premium rates.

If you are paying for car insurance now, you should be able to reduce your rates substantially using these tips. This information will tell you how car insurance quotes work and some tricks to saving. Although vehicle owners do need to understand how insurance companies market insurance on the web and use this information to your advantage.

Low cost insurance coverage prices

To get low cost car insurance quotes, there a variety of ways of comparing rate quotes from lots of insurance coverage companies. The simplest method to find the lowest 2005 Ford Five Hundred rates is simply to get online rate quotes. This can be done using a couple different methods.

  1. The recommended way consumers can analyze rates is an all-inclusive rate comparison click to view form in new window. This style of form eliminates the need for separate quote forms to each individual insurance coverage company. Completing one form gets you price quotes instantly. This is perfect if you don’t have a lot of time.
  2. A less efficient way to find better pricing is spending the time to visit each company website to complete a price quote. For example, we’ll pretend you want to compare Farmers, Safeco and Allstate. In order to get each rate, you would have to take the time to go to each site and enter your policy data, which is why most consumers use the first method.

    For a handy list of car insurance company links in your area, click here.

  3. The most time-consuming method to do your price quoting to insurance agencies in your area. Doing it all online eliminates this option unless you have a need for the peace of mind of a local agent. It is possible with some companies obtain prices from the web and still use a local agent.

How you compare quotes is your choice, just try to keep the exact same quote data with every price quote. If you have different coverage information you will not be able to determine the lowest rate for your Ford Five Hundred. Just a small difference in insurance coverages or limits can result in a big premium difference. Just remember that comparing more quotes gives you a better chance of getting the best price.

Insurance Coverage Discounts

The price of auto insurance can be rather high, but companies offer discounts that may help make it more affordable. Certain discounts will be triggered automatically at the time of quoting, but lesser-known reductions have to be manually applied before you get the savings.

  • Defensive Driver – Participating in a course that instructs on driving safety could save 5% or more if your company offers it.
  • Drivers Education – Cut your cost by having your teen driver complete a driver education course in school.
  • Safe Driver Discounts – Insureds who avoid accidents can save as much as half off their rates on Five Hundred coverage than drivers with accidents.
  • Senior Discount – If you’re over the age of 55, you are able to get better insurance coverage rates on Five Hundred coverage.
  • Professional Memberships – Affiliation with a qualifying organization could qualify you for a break on your next renewal.
  • Air Bags and Passive Restraints – Options like air bags or automatic seat belts can get savings of 25 to 30%.
  • Anti-lock Brake System – Cars, trucks, and SUVs equipped with ABS or steering control are safer to drive so companies give up to a 10% discount.

Don’t be surprised that most discounts do not apply to the entire policy premium. Most only apply to specific coverage prices like physical damage coverage or medical payments. So even though it sounds like having all the discounts means you get insurance for free, it’s just not the way it works.

A few popular companies and some of the premium reductions they offer are detailed below.

  • GEICO discounts include federal employee, air bags, multi-policy, anti-lock brakes, defensive driver, and daytime running lights.
  • MetLife may include discounts for multi-policy, accident-free, defensive driver, claim-free, and good driver.
  • State Farm offers discounts including safe vehicle, good driver, passive restraint, student away at school, accident-free, and multiple autos.
  • Progressive has discounts for multi-vehicle, good student, continuous coverage, multi-policy, online signing, and homeowner.
  • Mercury Insurance includes discounts for professional/association, multi-car, multi-policy, ease of repair, and anti-theft.
  • 21st Century offers discounts for 55 and older, driver training, anti-lock brakes, good student, student driver, and theft prevention.
  • Allstate offers premium reductions for eSmart discount, premier discount, farm vehicle, anti-theft, resident student, good student, and EZ pay plan discount.

If you want the cheapest car insurance quotes, ask each company to apply every possible discount. All car insurance discounts might not be offered on policies everywhere. To choose insurers with discount insurance coverage rates, click here.

Insurance price influencing factors

Multiple criteria are used when you get your auto insurance bill. Some are pretty understandable like a motor vehicle report, but others are more obscure such as whether you are married or your vehicle rating.

  • Your address can influence premiums – Residing in areas with lower population is a good thing when insuring your vehicles. Fewer people corresponds to lower accident rates and lower theft and vandalism rates. People in densly populated areas tend to have more aggressive driving styles and more severe claims. The longer drive time translates into higher accident risk.
  • Annual miles is a factor – The more miles you rack up on your Ford in a year’s time the higher your rate. Most companies charge to insure your cars based upon how you use the vehicle. Vehicles used primarily for pleasure use get more affordable rates than vehicles that have high annual mileage. It’s always a good idea to double check that your vehicle rating reflects annual mileage, because it can save money. Improper usage on your Five Hundred can result in significantly higher rates.
  • Can a thief steal your car? – Purchasing a vehicle with a theft deterrent system can help bring down rates. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system help track and prevent auto theft.
  • Be proud to be claim-free – Insurance companies award most affordable rates to policyholders who do not file claims often. If you file claims often, you can pretty much guarantee either policy cancellation or increased premiums. Auto insurance is designed for the large, substantial claims.
  • Better drivers pay the best premiums – Your driving citation history impacts premiums far more than you think. Getting just one speeding ticket or other violation can increase rates twenty percent or more. Attentive drivers tend to pay less for car insurance compared to drivers with tickets. Drivers who have received serious violations like reckless driving or DUI may find that they have to to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to legally drive.
  • Stress out and pay more – Careers such as fire fighters, business owners and financial analysts usually pay higher rates than the rest of us in part from job stress and lots of time spent at work. Other occupations such as farmers, engineers and performers receive lower rates on Five Hundred coverage.
  • Single drivers take more risk – Your spouse helps lower the price compared to being single. It may mean you are more mature and responsible and statistics show married drivers get in fewer accidents.
  • High coverage deductibles reduce rates – Insurance for physical damage, also called ‘full coverage’, is used to repair damage to your vehicle. Some instances where coverage would apply would be running into the backend of another car, vandalism, or theft. Physical damage deductibles are how much you are required to spend out-of-pocket if you file a covered claim. The more damage repair cost you’re willing to pay, the better rate you will receive on Five Hundred coverage.

Tailor your insurance coverage to you

When buying the right insurance coverage, there is no one size fits all plan. Each situation is unique.

Here are some questions about coverages that can aid in determining if your situation may require specific advice.

  • Am I getting all the discounts available?
  • Should I have a commercial auto policy?
  • Do I have newly-aquired coverage?
  • Which companies will insure high-risk drivers?
  • Do I need added coverage for expensive stereo equipment?
  • Should I put collision coverage on all my vehicles?
  • How high should my uninsured/underinsured coverage be in my state?
  • What can I do if my company won’t pay a claim?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to an agent. If you don’t have a local agent, fill out this quick form.

But the ad said I’d save 15% in 15 minutes!

Popular auto insurance providers such as Allstate, GEICO and Progressive continually stream television and radio advertisements. All the companies tend to make the same promise that you’ll save big just by switching to their company. How does every company save you money? It’s all in how they say it.

Insurance providers require specific criteria for the type of driver that is profitable for them. A good example of a profitable customer may be over the age of 35, carries full coverage, and has excellent credit. Any person that fits those parameters receives the best rates and as a result will probably save money with a new company.

Consumers who fall outside this ideal profile will see a higher premium and ends up with the customer not purchasing. The ads say “drivers that switch” but not “everyone who gets a quote” can get the lowest rates when switching. That’s the way companies can truthfully advertise the way they do. Because of this risk profiling, drivers must compare rate quotes every year. You cannot predict which insurance companies will have the best prices at this point in time.

Specific coverage details

Knowing the specifics of your car insurance policy can help you determine appropriate coverage and proper limits and deductibles. The terms used in a policy can be ambiguous and coverage can change by endorsement.

Comprehensive protection

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like vandalism, a broken windshield, hitting a bird and damage from a tornado or hurricane. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Auto liability insurance

Liability coverage protects you from damages or injuries you inflict on other’s property or people by causing an accident. It protects YOU against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

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. You commonly see liability limits of 25/50/25 which stand for $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability insurance covers claims such as attorney fees, court costs, medical expenses, pain and suffering and structural damage. How much coverage you buy is a decision to put some thought into, but you should buy as high a limit as you can afford.

Medical expense coverage

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses like surgery, prosthetic devices, X-ray expenses, pain medications and hospital visits. They can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible

Uninsured or underinsured coverage

This provides protection from other motorists when they do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your Ford Five Hundred.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Auto collision coverage

This pays to fix your vehicle from damage resulting from colliding 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 can pay for claims like hitting a parking meter, backing into a parked car and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider dropping it from older vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.

A little work can save a LOT of money

Consumers change insurance companies for a number of reasons such as lack of trust in their agent, poor customer service, being labeled a high risk driver or policy non-renewal. Regardless of your reason, finding a new company is actually quite simple.

A few companies don’t offer internet price quotes and many times these regional insurance providers work with independent insurance agencies. More affordable auto insurance can be sourced from both online companies and from local agencies, and you should be comparing both to have the best selection.

As you go through the steps to switch your coverage, do not reduce coverage to reduce premium. There are many occasions where an insured dropped full coverage only to regret at claim time they didn’t purchase enough coverage. Your focus should be to buy enough coverage at the lowest possible cost, but do not sacrifice coverage to save money.

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