How Much Does 1994 Ford Five Hundred Car Insurance Cost?

Searching for the cheapest insurance for your Ford Five Hundred could be a lot of work, but you can use these tips to find lower rates.

There is a better way to find auto insurance online so we’re going to tell you the absolute fastest way to price shop coverage for a Ford and find the best price possible from local insurance agents and online providers.

Locating affordable car insurance coverage is quite easy. If you have a current car insurance policy or need a new policy, you can use these techniques to cut your premiums and still get good coverage. Vehicle owners just need to learn the most efficient way to find the lowest price over the internet.

Smart buyers save more

Lots of things are used when you quote your car insurance policy. Most are fairly basic like an MVR report, although some other factors are less apparent such as your credit history or your vehicle rating.A large part of saving on car insurance is knowing a few of the rating criteria that go into determining the level of your policy premiums. If you have a feel for what determines premiums, this allows you to make educated decisions that could result in lower car insurance prices.

The factors shown below are some of the factors used by insurance companies to determine premiums.

  • Save money by having multiple policies – Most insurance companies allow discounts to clients who carry more than one policy. It’s known as a multi-policy discount. Even with this discount, drivers will still want to get quotes from other companies to ensure the best deal.
  • Don’t skimp on liability protection – A critical coverage on your policy, liability insurance is the protection if you are ruled to be at fault for personal injury or accident damage. It provides legal defense which can be incredibly expensive. It is affordable coverage when compared with rates for comp and collision, so drivers should carry high limits.
  • Single drivers take more risk – Having a spouse may earn you lower rates compared to being single. It demonstrates that you tend to be more mature and statistics prove drivers who are married file infrequent claims.
  • Women tend to take less risk – Statistics show women are more cautious behind the wheel. The data does not necessarily mean that women are better drivers. Women and men get in auto accidents in similar numbers, but the males tend to have higher claims. In addition to higher claims, males also get ticketed for serious violations such as driving while intoxicated (DWI) or driving recklessly. Males from age 16 to 21 have the highest risk to insure and therefore pay the highest rates.
  • Raising comp and collision deductibles lowers premiums – Deductibles for physical damage tell how much the insured will be required to pay in the event of a claim. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Some examples of covered claims are collision with another vehicle, animal collisions, or theft of your vehicle. The more money the insured is willing to pay, the lower your rates will be for Five Hundred coverage.

Cut your insurance rates with discounts

Insuring your vehicles can cost a lot, but you might already qualify for some discounts to reduce the price significantly. A few discounts will be applied at the time of purchase, but once in a while a discount must be specially asked for prior to getting the savings.

  • Pay Now and Pay Less – If you pay your bill all at once instead of paying each month you can avoid monthly service charges.
  • No Claims – Insureds with no claims or accidents can save substantially as compared to drivers with a long claim history.
  • Driver Education Discount – Reduce the cost of insurance for teen drivers by having them complete a driver education course in high school.
  • Paper-free Discount – A handful of larger companies give back up to $50 get car insurance on the internet.
  • Passive Restraints and Air Bags – Factory options such as air bags or automatic seat belts could see savings as much as 30%.
  • Discounts for Good Drivers – Safe drivers can save as much as half off their rates for Five Hundred coverage than their less cautious counterparts.

While discounts sound great, it’s important to understand that most discount credits are not given to the overall cost of the policy. Some only reduce the price of certain insurance coverages like comprehensive or collision. So despite the fact that it appears all the discounts add up to a free policy, you’re out of luck. But any discount will help reduce your overall bill.

The best insurance companies and some of their more popular discounts are outlined below.

  • Geico has discounts for emergency military deployment, daytime running lights, multi-policy, anti-theft, and anti-lock brakes.
  • SAFECO offers premium reductions for teen safety rewards, safe driver, accident prevention training, drive less, and anti-lock brakes.
  • State Farm offers discounts including driver’s education, multiple policy, good student, multiple autos, and Steer Clear safe driver discount.
  • MetLife includes discounts for good driver, accident-free, claim-free, defensive driver, and multi-policy.
  • 21st Century may include discounts for defensive driver, early bird, good student, anti-lock brakes, driver training, and homeowners.
  • Progressive may have discounts that include continuous coverage, multi-vehicle, multi-policy, online quote discount, and online signing.

It’s a good idea to ask every company what discounts are available to you. Some of the earlier mentioned discounts may not apply to policyholders in your area. To see insurance companies who offer free insurance quotes, follow this link.

You are unique and your auto insurance should be too

When choosing adequate coverage, there really is no one size fits all plan. Every situation is different.

For instance, these questions can help discover if you might need an agent’s assistance.

  • Am I getting all the discounts available?
  • Does my policy cover me when driving someone else’s vehicle?
  • When should I not file a claim?
  • Does insurance cover damages from a DUI accident?
  • Do I have coverage when making deliveries for my home business?
  • Am I covered when pulling a rental trailer?
  • Does car insurance cover theft of personal property?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form. It’s fast, free and can provide invaluable advice.

The coverage is in the details

Having a good grasp of insurance can help you determine the right coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy.

Collision coverage – This coverage covers damage to your Five Hundred resulting from a collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as colliding with another moving vehicle, colliding with a tree, hitting a mailbox and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.

UM/UIM Coverage – Your UM/UIM coverage provides protection when the “other guys” either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and damage to your Ford Five Hundred.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Usually the UM/UIM limits do not exceed the liability coverage limits.

Medical costs insurance – Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for things like ambulance fees, chiropractic care, funeral costs and rehabilitation expenses. They can be used to fill the gap from your health insurance program or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Comprehensive or Other Than Collision – Comprehensive insurance coverage pays for damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like rock chips in glass, falling objects, hitting a deer, fire damage and a tree branch falling on your vehicle. The highest amount a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Liability – This provides protection from damage or injury you incur to other people or property that is your fault. This coverage protects you from claims by other people. It does not cover your injuries or vehicle damage.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 50/100/50 that translate to a $50,000 limit per person for injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for things such as court costs, pain and suffering, repair bills for other people’s vehicles and medical expenses. How much liability coverage do you need? That is a decision to put some thought into, but buy as much as you can afford.

Be a money saver!

Insureds change insurance companies for a variety of reasons including poor customer service, denial of a claim, policy non-renewal or even high rates after DUI convictions. It doesn’t matter why you want to switch switching insurance coverage companies can be less work than you think.

Some insurance coverage companies do not provide internet price quotes and usually these smaller providers only sell coverage through independent agencies. The cheapest 1994 Ford Five Hundred insurance is definitely available on the web as well as from independent agents, so compare prices from both to have the best chance of lowering rates.

As you shop your coverage around, do not skimp on coverage in order to save money. There have been many cases where consumers will sacrifice liability coverage limits only to regret they didn’t purchase enough coverage. Your goal should be to buy enough coverage for the lowest cost, but do not skimp to save money.

More information can be found at these links: