View 2007 Ford Five Hundred Car Insurance Cost

Searching for low-cost insurance for a Ford Five Hundred can be a painful process, but you can learn a few tricks to find lower rates. There are both good and bad ways to buy insurance coverage so we’re going to tell you the quickest way to compare rates for a new or used Ford and get the lowest possible price either online or from local insurance agents.

Consumers should take time to get comparison quotes before your policy renews because insurance coverage prices change quite often. Just because you had the best price on Five Hundred insurance a year ago the chances are good that you can find a lower rate today. Block out anything you think you know about insurance coverage because we’re going to show you one of the easiest ways to remove unneeded coverages and save money.

If you have a current car insurance policy or need new coverage, you can use these techniques to reduce the price you pay and possibly find even better coverage. Shopping for the lowest cost car insurance coverage is not that difficult. Consumers only need an understanding of the proper way to compare company rates online.

Take advantage of every auto insurance discount

Not too many consumers would say auto insurance is affordable, but companies offer discounts that could help you make your next renewal payment. A few discounts will be applied at the time you complete a quote, but some need to be inquired about before you will receive the discount. If you are not receiving all the discounts you deserve, you could be saving more on your auto insurance.

  • Theft Deterent Discount – Cars and trucks equipped with anti-theft or alarm systems are stolen less frequently and qualify for as much as a 10% discount.
  • Professional Memberships – Affiliation with a qualifying organization is a simple method to lower premiums on your bill.
  • No Accidents – Good drivers with no accidents can earn big discounts as opposed to bad drivers.
  • Discounts for Federal Employees – Being employed by or retired from a federal job could provide a small rate reduction on Five Hundred insurance with certain companies.
  • Bundle and Save – When you have multiple policies and insure them both with the same insurance company you could get a discount of 10% to 20% off each policy.

As is typical with insurance, many deductions do not apply to the overall cost of the policy. Most cut individual premiums such as collision or personal injury protection. So even though they make it sound like it’s possible to get free car insurance, insurance companies wouldn’t stay in business.

Popular auto insurance companies and some of the premium reductions they offer can be read below.

  • Travelers may offer discounts for IntelliDrive, save driver, student away at school, driver training, multi-policy, payment discounts, and continuous insurance.
  • 21st Century may have discounts that include anti-lock brakes, theft prevention, student driver, teen driver, and automatic seat belts.
  • State Farm includes discounts for good student, anti-theft, multiple autos, multiple policy, and driver’s education.
  • GEICO policyholders can earn discounts including multi-vehicle, military active duty, membership and employees, daytime running lights, anti-lock brakes, five-year accident-free, and seat belt use.
  • SAFECO has discounts for anti-lock brakes, teen safe driver, safe driver, accident prevention training, and bundle discounts.
  • AAA offers discounts including good driver, good student, pay-in-full, education and occupation, multi-car, and multi-policy.

If you need lower rates, check with every insurance company which discounts can lower your rates. Some discounts listed above might not be available to policyholders in your area. To locate providers that offer discounts, click this link.

How to know if you need help

When buying the right insurance coverage for your personal vehicles, there isn’t really a one size fits all plan. Each situation is unique.

For example, these questions could help you determine whether you might need professional guidance.

  • Does my policy cover my teen driver if they drive my company car?
  • Where can I find high-risk insurance?
  • Do I need added coverage for expensive stereo equipment?
  • What is no-fault insurance?
  • Do I get a pro-rated refund if I cancel my policy early?
  • When does my teenage driver need to be added to my policy?
  • Do I need PIP coverage since I have good health insurance?

If you’re not sure about those questions but a few of them apply, you might consider talking to an agent. If you don’t have a local agent, complete this form. It’s fast, free and can provide invaluable advice.

Car insurance in the media

Drivers can’t get away from all the ads for car insurance savings from companies such as Progressive, Allstate and GEICO. All the ads convey the message that drivers can save some big amount if you switch to their company.

Is it even possible that every company can offer you a better deal? This is the trick they use.

Many companies have an ideal profile for the type of customer that will be a good risk. For instance, a desirable risk might be described as over the age of 35, has a clear driving record, and does not commute to work. A customer who meets those qualifications will get the preferred prices and is almost guaranteed to save if they switch.

Consumers who do not fit these stringent criteria will be charged higher premium rates and ends up with the prospect going elsewhere. The ads state “drivers who switch” not “all people who quote” save that much when switching. That’s the way companies can truthfully state the savings. Because of this risk profiling, you need to compare free car insurance quotes often. You cannot predict which company will provide you with the cheapest auto insurance rates.

Insurance coverage breakdown

Having a good grasp of a insurance policy aids in choosing the right coverages and the correct deductibles and limits. Insurance terms can be difficult to understand and nobody wants to actually read their policy.

Comprehensive insurance – This coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like rock chips in glass, damage from getting keyed and falling objects. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability coverage – This can cover damages or injuries you inflict on other people or property. This insurance protects YOU from claims by other people. It does not 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. Your policy might show values of 25/50/25 that means you have $25,000 bodily injury coverage, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability coverage protects against things like legal defense fees, emergency aid, repair costs for stationary objects and funeral expenses. How much coverage you buy is your choice, but buy as much as you can afford.

Collision coverages – This covers damage to your Five Hundred resulting from a collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for things like sustaining damage from a pot hole, scraping a guard rail, colliding with another moving vehicle, crashing into a building and driving through your garage door. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage kick in for short-term medical expenses such as surgery, nursing services, doctor visits and prosthetic devices. They can be used in conjunction with a health insurance program or if you do not have health coverage. Coverage applies to you and your occupants as well as if you are hit as a while walking down the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM) – This provides protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries and damage to your Ford Five Hundred.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

In any little way, save everyday

The cheapest 2007 Ford Five Hundred insurance can be sourced from both online companies in addition to many insurance agents, so you should be comparing quotes from both to have the best rate selection. Some insurance providers may not provide online quoting and many times these small, regional companies provide coverage only through local independent agents.

When buying insurance coverage, do not skimp on coverage in order to save money. In many instances, drivers have reduced liability limits or collision coverage only to regret that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to find the BEST coverage at the best cost, not the least amount of coverage.

We covered a lot of tips how to shop for 2007 Ford Five Hundred insurance online. The key thing to remember is the more providers you compare, the better your comparison will be. Consumers may even find the best car insurance rates are with some of the smallest insurance companies.

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