1993 Ford Five Hundred Insurance Rates

Are you overwhelmed by the wide range of insurance sources available to you? Lot’s of other drivers are too. You have such a large number of options that it is a difficult situation to find the perfect company for you.

It’s smart to check insurance prices once or twice a year because rates go up and down regularly. Even if you got the best rate for Five Hundred insurance a year ago you may be paying too much now. Forget all the misinformation about insurance because I’m going to teach you one of the easiest ways to reduce your cost while increasing coverage.

Car insurance quotes comparison

Most major insurance companies such as State Farm, Allstate and Geico give insurance quotes on their websites. This process doesn’t take a lot of time as you just type in your personal and coverage information on the page. Behind the scenes, their rating system automatically orders credit information and your driving record and gives you a price quote based on the information you submitted.

Being able to quote online makes it simple to compare prices but having to visit a lot of sites and enter the same data into a form is monotonous and tiresome. But it’s absolutely necessary to have as many quotes as possible in order to get the lowest possible prices on car insurance.

A better way to get multiple rate quotes uses one form that gets prices from several companies at one time. The form is fast, requires much less work on your part, and makes comparison shopping a lot less work. After sending the form, it is quoted and you can choose any of the returned quotes. If one or more price quotes are lower than your current rates, you can click and sign and buy the policy. It takes just a few minutes to complete and may result in a nice savings.

If you want to find out if lower rates are available, simply click here to open in new window and complete the simple form. If you have a policy now, it’s recommended you complete the form with deductibles and limits identical to your current policy. This way, you will have an apples-to-apples comparison based on the exact same insurance coverage.

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

Companies like State Farm, Allstate and Geico seem to constantly run television, radio, and online ads. All the ads seem to make the promise that you can save if you get a free insurance coverage quote and switch to their company. But how can every company have lower policy pricing? This is the trick they use.

Companies give the best rates for the driver that earns them the most money. For example, a profitable risk profile may be a married female, has never had a claim, and chooses high deductibles. A customer getting a price quote that matches those criteria will probably get the lowest rates and is almost guaranteed to cut their rates if they switch.

People who are not a match for those criteria will have to pay higher premium rates with the end result being business going elsewhere. The ad wording is “customers who switch” but not “everyone who gets a quote” save that much when switching. That is how companies can make it sound like they have such great premium rates. This illustrates why you need to get insurance coverage quotes from several different companies. It’s just not possible to know which insurance company will provide you with the cheapest car insurance rates.

Quote Ford Five Hundred insurance more affordably

When buying insurance it’s important to understand the factors that aid in calculating the price you pay for insurance. When you know what positively or negatively influences your rates, this enables you to make decisions that may result in cheaper rates. Many factors are used when pricing auto insurance. Some are pretty understandable such as your driving record, but other criteria are not as apparent like your continuous coverage or your financial responsibility.

The list below includes just a few of the factors used by your company to calculate your prices.

  • Lower rates by increasing deductibles – Physical damage deductibles define how much you are willing to pay if a covered claim is submitted. Physical damage protection, also known as collision and other-than-collision, insures against damage to your car. Some instances where coverage would apply are colliding with a stationary object, animal collisions, and damage caused by road hazards. The more damage repair cost you choose to pay out-of-pocket, the bigger discount you will receive for Five Hundred insurance.
  • Always have insurance – Having a lapse in insurance coverage is a sure-fire way to pay more for insurance. Not only will rates go up, being ticketed for driving with no insurance could earn you a license revocation or jail time.
  • Multi-policy discounts can save money – Most larger insurers give better rates to people who carry more than one policy, otherwise known as a multi-policy discount. Even with this discount applied, consumers should still get quotes from other companies to make sure you are getting the best deal.
  • More stress means more cost – Do you work in a high-stress field? Jobs such as military personnel, social workers and dentists usually pay higher premium rates in part from high stress levels and extremely grueling work hours. On the other hand, jobs such as farmers, engineers and homemakers receive lower rates for Five Hundred insurance.
  • Get married and pay lower rates – Having a wife or husband may cut your premiums on insurance. Marriage is viewed as being more mature it has been statistically shown that married couples file fewer claims.
  • Bad drivers pay high rates – Having a clean driving record has a huge affect on how much you pay. Drivers who don’t get tickets get better prices than bad drivers. Having a single chargable violation can bump up the cost twenty percent or more. Drivers who have gotten flagrant tickets such as DUI or willful reckless driving may be required to prove financial responsibility with the DMV in their state in order to drive a vehicle legally.
  • Safety first – Safe vehicles can get you lower premiums. Vehicles built for safety reduce injuries and better occupant protection means less money paid by your insurance company passed on to you as lower rates.

Get lower rates with discounts

Insuring your vehicles can cost a lot, but there may be some discounts that could drop your premiums quite a bit. Certain discounts will be applied at the time you complete a quote, but some must be requested specifically before you get the savings.

  • Save with a New Car – Putting insurance on a new car can save up to 30% because new model year vehicles are generally safer.
  • Multi-Vehicle Discounts – Insuring multiple vehicles on one policy qualifies for this discount.
  • Passive Restraints – Vehicles equipped with air bags may qualify for discounts up to 30%.
  • Professional Organizations – Affiliation with a civic or occupational organization could earn you a nice discount when getting a insurance coverage quote.
  • Homeowners Savings – Simply owning a home can get you a discount due to the fact that maintaining a home requires personal responsibility.
  • Use Seat Belts – Using a seat belt and requiring all passengers to buckle up could save 15% off the PIP or medical payment premium.
  • E-sign – Some companies will give a small break get insurance coverage on your computer.
  • Waiver for an Accident – but certain companies will allow you to have one accident before hitting you with a surcharge with the catch being you have to be claim-free for a particular time prior to the accident.
  • Good Students Pay Less – Being a good student can get you a discount of up to 25%. The good student discount can last up until you turn 25.

It’s important to understand that most credits do not apply to the overall cost of the policy. Some only reduce specific coverage prices like liability, collision or medical payments. Despite the appearance that you could get a free car insurance policy, you won’t be that lucky.

Companies and a summarized list of policyholder discounts are:

  • State Farm may have discounts that include safe vehicle, Steer Clear safe driver discount, multiple policy, defensive driving training, multiple autos, and accident-free.
  • Farmers Insurance policyholders can earn discounts including electronic funds transfer, early shopping, teen driver, bundle discounts, youthful driver, and switch companies.
  • Geico offers discounts for good student, defensive driver, anti-lock brakes, driver training, five-year accident-free, military active duty, and multi-policy.
  • American Family may include discounts for accident-free, TimeAway discount, mySafetyValet, multi-vehicle, good driver, defensive driver, and good student.
  • Nationwide has discounts for Farm Bureau membership, defensive driving, good student, business or organization, easy pay, multi-policy, and accident-free.
  • Progressive includes discounts for good student, online quote discount, online signing, homeowner, and multi-policy.

When getting a coverage quote, ask each insurance company which discounts you may be entitled to. Some discounts listed above may not be available in your area. If you would like to view insurers that offer discounts, click here.

What is the best insurance coverage?

When buying the right insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Each situation is unique.

For example, these questions can aid in determining if your insurance needs might need an agent’s assistance.

  • Am I covered when driving someone else’s vehicle?
  • Am I covered if hit by an uninsured driver?
  • Do I need an umbrella policy?
  • How much can I save by bundling my policies?
  • If I drive on a suspended license am I covered?
  • At what point should I drop full coverage?
  • How do I buy GAP insurance?
  • Do I need replacement cost coverage?
  • What if I owe more than I can insure my car for?

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to a licensed agent. To find an agent in your area, take a second and complete this form.

Auto insurance coverages

Understanding the coverages of a auto insurance policy helps when choosing the right coverages and the correct deductibles and limits. Auto insurance terms can be impossible to understand and reading a policy is terribly boring.

Collision coverage – Collision insurance covers damage to your Five Hundred caused by collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for things such as hitting a mailbox, hitting a parking meter and sideswiping another vehicle. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to save money on collision insurance.

Uninsured/Underinsured Motorist coverage – This coverage provides protection when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Auto liability – Liability coverage protects you from injuries or damage you cause to other’s property or people in an accident. This insurance protects YOU from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability coverage pays for things like funeral expenses, bail bonds, medical expenses, repair costs for stationary objects and loss of income. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP kick in for short-term medical expenses such as chiropractic care, funeral costs and EMT expenses. They are used in conjunction with a health insurance plan or if you do not have health coverage. Coverage applies to all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not universally available and may carry a deductible

Comprehensive coverage – Comprehensive insurance coverage pays for damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like fire damage, rock chips in glass, falling objects, theft and hitting a deer. The highest amount your auto insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Coverage on a shoestring budget

People switch companies for a number of reasons such as lack of trust in their agent, being labeled a high risk driver, policy cancellation and even not issuing a premium refund. No matter why you want to switch, choosing a new insurance company is not as hard as you think.

We just covered a lot of information how to get a better price on 1993 Ford Five Hundred insurance. The most important thing to understand is the more rate comparisons you have, the higher the chance of saving money. You may even discover the lowest premium rates come from a small mutual company.

The cheapest 1993 Ford Five Hundred insurance can be bought both online and also from your neighborhood agents, so you need to shop insurance coverage with both to have the best selection. Some insurance companies do not provide the ability to get quotes online and these small insurance companies work with local independent agents.

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