How Much Does 2008 Ford Five Hundred Car Insurance Cost?

No normal person enjoys paying for insurance, especially knowing the prices are way too high.

Due to the fact that there are so many choices of insurance companies, it can be diffult for drivers to choose a lower cost insurer.

Finding car insurance

Most larger insurance companies such as 21st Century, Allstate and State Farm provide insurance quotes from their websites. Comparing prices online doesn’t take a lot of time as you simply type in the amount of coverage you want as detailed in the form. After you submit the form the quote system will obtain your driving record and credit report and provides a quote. Online price estimates simplifies rate comparisons, but the work required to visit each company’s website and repetitively type in the same information can be a bit tiresome and repetitive. Unfortunately, it is important to have as many quotes as possible in order to get the best price on car insurance.

A better way to find cheaper rates uses one form that analyzes rates from more than one company. This type of form saves time, requires much less work on your part, and makes online shopping much simpler. As soon as you send your information, your coverage is rated and you can choose any one of the quotes returned. If a lower price is quoted, you simply finish the application and buy the new coverage. The entire process only takes a few minutes and you’ll know if lower rates are available.

To compare rates now, click here and submit your coverage information. If you have your current policy handy, we recommend that you enter your coverages just like they are on your policy. Doing this assures you will have an apples-to-apples comparison using the same coverage and limits.

Lower your insurance premiums

Smart consumers have a good feel for the rating factors that help calculate the price you pay for insurance. If you have some idea of what determines base rates, this allows you to make good choices that can earn you lower premium levels.

  • Employer stress can make you pay more – Did you know your career choice can influence rates? Jobs such as real estate brokers, social workers and emergency personnel generally have the highest average rates because of high stress and extremely grueling work hours. Conversely, occupations like professors, engineers and homemakers pay lower than average rates for Five Hundred insurance.
  • See if your company offers a multi-policy discount – Most insurers give better rates to insureds who buy several policies from them such as combining an auto and homeowners policy. Discounts can be ten percent or more. Even with this discount, it’s in your best interest to compare other insurance prices to confirm you are receiving the best rates possible.
  • Car insurance liability protection limits – A critical coverage on your policy, liability insurance is the protection if ever you are ruled to be at fault for causing personal injury or damage in an accident. Liability insurance provides legal defense coverage which can be incredibly expensive. This coverage is relatively inexpensive compared to comp and collision, so drivers should carry high limits.
  • Prices can change based on your address – Having an address in less populated areas of the country may provide you with better prices when trying to find low car insurance rates. Fewer drivers on the road means fewer accidents as well as less vandalism and auto theft. People who live in big cities regularly have much more traffic and much longer commute distances. Higher commute times means higher likelihood of an accident.
  • More miles driven equals more premium – The higher the mileage driven in a year the higher your rates will be. Almost all companies rate vehicles based upon how the vehicle is primarily used. Cars that do not get driven very much receive lower rates than cars that get driven a lot. It’s always a good idea to double check that your insurance declarations sheet states the correct usage for each vehicle, because improper ratings can cost you money. A policy that improperly rates your Five Hundred is just wasting money.
  • Increase coverage deductibles to save – Deductibles for physical damage define how much you are required to pay if a claim is determined to be covered. Insurance for physical damage, otherwise known as comp (or other than collision) and collision, protects your car from damage. A few examples of covered claims are rearending another vehicle, damage caused by hail, or theft of your vehicle. The more expense the insured has to pay upfront, the less your insurance will be for Five Hundred insurance.
  • Prevent policy lapses – Driving without insurance is not a good idea and you will pay a penalty because you let your coverage have a gap. And not only will your rates increase, the inability to provide proof of insurance might get you a hefty fine and possibly a revoked license.

Don’t miss with these discounts

Insurance can cost an arm and a leg, but companies offer discounts that can drop the cost substantially. Certain reductions will be credited when you get a quote, but a few need to be specifically requested before you will receive the discount.

  • Driver Safety – Taking time to complete a course teaching defensive driver skills could cut 5% off your bill if your company offers it.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Ford could earn slightly better premium rates than normal.
  • Discounts for Cautious Drivers – Accident-free drivers can get discounts for up to 45% lower rates for Five Hundred insurance than their less cautious counterparts.
  • Professional Memberships – Participating in qualifying clubs or civic groups can get you a small discount on your bill.
  • Seat Belt Discounts – Buckling up and requiring all passengers to wear their seat belts can save a little off the PIP or medical payment premium.
  • Claim-Free Discount – Claim-free drivers pay less in comparison with accident-prone drivers.

Don’t be shocked that most discount credits are not given to the entire cost. Most only cut the cost of specific coverages such as comp or med pay. Despite the fact that it seems like you can get free auto insurance, insurance companies wouldn’t stay in business. Any amount of discount will definitely reduce your policy premium.

A few of the larger companies and some of the premium reductions they offer are shown below.

  • GEICO may have discounts that include seat belt use, anti-lock brakes, federal employee, driver training, multi-vehicle, and defensive driver.
  • SAFECO offers discounts for safe driver, drive less, teen safety rewards, anti-theft, multi-car, and bundle discounts.
  • State Farm discounts include multiple policy, Drive Safe & Save, safe vehicle, driver’s education, accident-free, and passive restraint.
  • MetLife policyholders can earn discounts including claim-free, good student, multi-policy, accident-free, and defensive driver.
  • 21st Century offers discounts including driver training, 55 and older, early bird, homeowners, and defensive driver.
  • Progressive includes discounts for homeowner, online quote discount, multi-vehicle, multi-policy, online signing, and continuous coverage.

When getting a coverage quote, ask each company the best way to save money. Some of the earlier mentioned discounts might not apply everywhere. For a list of providers that offer discounts, click this link.

Your situation helps dictate your coverage

When it comes to choosing coverage, there really is not a “best” method to buy coverage. Every situation is different and a cookie cutter policy won’t apply. Here are some questions about coverages that may help highlight if your insurance needs might need an agent’s assistance.

  • Are there companies who specialize in insuring high-risk drivers?
  • How can I get high-risk coverage after a DUI?
  • Is my custom paint covered by insurance?
  • Do I benefit by insuring my home with the same company?
  • What if I owe more than I can insure my car for?
  • Do I get a pro-rated refund if I cancel my policy early?
  • What discounts do I qualify for?
  • Should I have combined single limit or split liability limits?
  • Will my vehicle be repaired with OEM or aftermarket parts?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies.

Auto insurance coverage information

Understanding the coverages of your policy can help you determine the right coverages for your vehicles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. These are the normal coverages found on most insurance policies.

Comprehensive coverages – This pays for damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like hitting a bird, a broken windshield and rock chips in glass. The most a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability – Liability insurance can cover damage that occurs to people or other property that is your fault. This insurance protects YOU against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.

Liability insurance covers things such as emergency aid, structural damage, court costs and bail bonds. How much liability should you purchase? That is a decision to put some thought into, but you should buy as much as you can afford.

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection when other motorists do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for things like surgery, funeral costs, doctor visits and prosthetic devices. They are often used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP is not an option in every state but can be used in place of medical payments coverage

Collision – Collision coverage pays for damage to your Five Hundred resulting from a collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for things such as crashing into a building, sideswiping another vehicle, scraping a guard rail and damaging your car on a curb. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible to get cheaper collision coverage.

Best coverage at the best price

Lower-priced car insurance can be bought on the web and also from your neighborhood agents, so you should be comparing quotes from both so you have a total pricing picture. There are still a few companies who do not provide rate quotes online and these small insurance companies work with independent agents.

Throughout this article, we presented many ideas to save on 2008 Ford Five Hundred insurance. The key concept to understand is the more companies you get prices for, the better your comparison will be. Drivers may discover the lowest priced car insurance comes from an unexpected company. These companies may often insure only within specific states and give getter rates as compared to the big name companies such as Progressive or GEICO.

Much more information about car insurance can be found at the links below