2000 Ford Five Hundred Insurance Cost

Are you kicking yourself for buying an overpriced insurance policy? Don’t sweat it because many consumers are feeling buyer’s remorse and feel like there’s no way out.

Because there are so many options when it comes to insurance, it can be hard to choose the most affordable insurance company.

Take policy discounts and save

Buying auto insurance is not cheap, but there may be some discounts that could drop your premiums quite a bit. Many discounts should be triggered at the time of quoting, but some need to be specifically requested before being credited.

  • Senior Citizen Rates – If you qualify as a senior citizen, you may receive a discount up to 10% on Five Hundred coverage.
  • E-sign – A handful of companies will give a small break for buying your policy on the web.
  • Early Switch Discount – A few auto insurance companies allow discounts for switching policies before your current policy expires. It can save you around 10%.
  • Low Mileage Discounts – Low annual miles may allow you to get slightly better premium rates than normal.
  • Passive Restraints and Air Bags – Vehicles with factory air bags and/or automatic seat belt systems may get savings as much as 30%.
  • Federal Government Employee – Having worked for a branch of the government may qualify for a discount when you quote auto insurance on Five Hundred coverage with a few auto insurance companies.
  • Defensive Driver Discount – Participating in a course that instructs on driving safety could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Driver’s Education for Students – It’s a good idea to have your young drivers enroll and complete driver’s education as it will make them better drivers and lower rates.

As a sidenote, some credits don’t apply to your bottom line cost. Some only apply to individual premiums such as medical payments or collision. Even though it may seem like you can get free auto insurance, auto insurance companies aren’t that generous.

Companies and a summarized list of policyholder discounts are shown below.

  • State Farm may include discounts for Steer Clear safe driver discount, passive restraint, driver’s education, accident-free, multiple policy, Drive Safe & Save, and defensive driving training.
  • Liberty Mutual may offer discounts for newly retired, multi-car, new move discount, new vehicle discount, multi-policy, preferred payment discount, and newly married.
  • American Family offers premium reductions for multi-vehicle, bundled insurance, TimeAway discount, accident-free, good student, and good driver.
  • Progressive has discounts for online quote discount, continuous coverage, good student, multi-policy, and homeowner.
  • Farmers Insurance may have discounts that include distant student, homeowner, pay in full, early shopping, teen driver, and bundle discounts.
  • Auto-Owners Insurance offers discounts for anti-theft, student away at school, company car, anti-lock brakes, multi-policy, paperless, and mature driver.
  • SAFECO has savings for drive less, homeowner, teen safe driver, accident prevention training, safe driver, and multi-car.

If you want the cheapest auto insurance quotes, ask each company or agent the best way to save money. Depending on the company, some discounts may not apply to policies in your area. For a list of insurance companies that have a full spectrum of discounts, click here to view.

How to compare insurance quotes

Most larger insurance companies such as Allstate and Progressive give prices from their websites. Doing online price comparisons is pretty painless because it’s just a matter of typing in the coverage amounts you desire into the form. After you submit the form their quoting system gets your driving record and credit report and provides a quote. Online quotes streamlines rate comparisons, but the time it takes to visit different websites and enter the same data into a form is repetitive and time-consuming. Unfortunately, it is important to have as many quotes as possible if you want to find a lower rate.

An easier way to compare insurance pricing requires only one form that gets price quotes from more than one company. It’s a real time-saver, requires less work, and makes online quotes much more enjoyable and efficient. After sending your information, your coverage is rated and you can choose any or none of the returned quotes. If one or more price quotes are lower than your current rates, it’s easy to complete the application and buy the policy. The entire process just takes a couple of minutes and you will find out if you’re overpaying now.

To find out what other companies charge, simply click here to open in new window and enter your vehicle and coverage information. If you have a policy now, it’s recommended you input the coverages as shown on your current policy. This helps ensure you will have an apples-to-apples comparison for the exact same coverage.

Four tips to get lower-cost insurance prices

It’s important that you understand the factors that help calculate your premiums. If you have some idea of what positively or negatively impacts your premiums, this allows you to make educated decisions that may result in big savings. Lots of factors are used in the calculation when premium rates are determined. Some are pretty understandable such as your driving record, although some other factors are less apparent like where you live or your vehicle rating.

The following are some of the major factors companies use to determine premiums.

  • Why do you need liability? – A critical coverage on your policy, liability insurance provides coverage if ever you are responsible for an accident. This coverage provides legal defense to attempt to prove you were not liable. This coverage is very inexpensive compared to comp and collision, so drivers should buy more than the minimum limits required by law.
  • Pay more if you have a long commute – Residing in a rural area is a good thing when insuring your vehicles. Fewer people corresponds to lower accident rates in addition to fewer liability claims. People in densly populated areas regularly have traffic congestion and higher rates of accident claims. More time behind the wheel statistically corresponds to a higher accident and claim rate.
  • How do annual miles impact costs? – Driving more miles annually the higher your rates will be. The majority of insurers apply a rate based upon how the vehicle is primarily used. Cars that are left in the garage cost less to insure than vehicles that have high annual mileage. Verify your declarations sheet is showing the correct usage for each vehicle. Having the wrong rating on your Five Hundred may be costing you.
  • Cautious drivers have lower premiums – Just one chargable violation can boost insurance rates by twenty percent. Careful drivers get better prices than people who have multiple driving citations. People who have license-revoking tickets such as DWI, reckless driving or hit and run convictions may face state-mandated requirements to submit a SR-22 form with their state’s department of motor vehicles in order to prevent a license revocation.

Which policy gives me the best coverage?

When buying coverage, there really is no perfect coverage plan. Each situation is unique so your insurance needs to address that. For instance, these questions can aid in determining if you may require specific advice.

  • When does my teenage driver need to be added to my policy?
  • Is my cargo covered for damage or theft?
  • What is the difference between comprehensive and collision coverage?
  • How much liability do I need to cover my assets?
  • Do I pay less for low miles?
  • Am I insured when driving a different vehicle?
  • Do I really need UM/UIM coverage?
  • How can I force my company to pay a claim?
  • Is my dog or cat covered if injured in an accident?

If it’s difficult to answer those questions, you may need to chat with an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.

Can you really save if you switch?

Allstate and Progressive seem to constantly run ads on TV and radio. All the ads advertise the message that drivers will save a bundle if you change your insurance coverage to their company. Is it even possible that every company can sell you cheaper insurance coverage? This is how they do it.

Different companies have specific characteristics for the type of driver they prefer to insure. For instance, this type of risk profile might be between 25 and 40, is a homeowner, and drives less than 7,500 miles a year. Anybody that matches those criteria will get a cheap rate quote and most likely will save a lot if they switch.

People who do not fit this ideal profile will be charged higher prices and the customer not purchasing. The trick is to say “drivers who switch” not “everybody who quotes” save that much money. That’s the way companies can truthfully advertise the savings. Because of this risk profiling, you really need to do a rate comparison at every renewal. Because you never know the company that will be your best fit.

Coverages available on your policy

Learning about specific coverages of car insurance aids in choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Shown next are typical coverages found on the average car insurance policy.

Liability insurance

Liability insurance will cover damages or injuries you inflict on a person or their property. This coverage protects you against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 50/100/50 that means you have a limit of $50,000 per injured person, $100,000 for the entire accident, and $50,000 of coverage for damaged propery.

Liability coverage pays for things like loss of income, legal defense fees, pain and suffering, structural damage and medical expenses. How much liability should you purchase? That is your choice, but buy as high a limit as you can afford.

Collision insurance

Collision coverage covers damage to your Five Hundred caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims like hitting a parking meter, colliding with a tree, sustaining damage from a pot hole and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage provide coverage for short-term medical expenses such as doctor visits, chiropractic care, X-ray expenses and prosthetic devices. They are often used to fill the gap from your health insurance plan or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection from other motorists when they do not carry enough liability coverage. It can pay 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, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

Comprehensive insurance

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as damage from getting keyed, damage from a tornado or hurricane, damage from flooding and hitting a bird. The highest amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Do the work, save more money

Cheap 2000 Ford Five Hundred insurance is attainable on the web and with local insurance agents, so get free auto insurance quotes from both of them to get a complete price analysis. Some insurance companies may not offer online quoting and many times these small insurance companies work with independent agencies.

When getting auto insurance quotes online, do not reduce needed coverages to save money. In too many instances, an insured dropped uninsured motorist or liability limits to discover at claim time that it was a big mistake. Your focus should be to purchase a proper amount of coverage at a price you can afford.

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