2001 Ford Five Hundred Insurance Rates – 9 Savings Tips

Buying insurance online can be complicated if you are one of the millions of people new to quoting online. But don’t be dismayed because comparing prices is actually very simple.

It’s a great practice to shop coverage around yearly due to the fact that insurance prices are adjusted regularly by insurance companies. Despite the fact that you may have had the best price for Five Hundred insurance a year ago there may be better deals available now. You can find a lot of wrong information about insurance out there, but I’m going to show you some proven techniques to find cheap insurance.

If you are paying for car insurance now, you should be able to cut costs considerably using these techniques. The purpose of this article is to tell you how to get online quotes and some money-saving tips. Nevertheless, consumers do need to understand the methods companies use to market on the web and use this information to your advantage.

How to compare insurance price quotes

When looking for affordable auto insurance quotes, there are a couple ways of comparing rates from insurance companies in your area. The best way to find cheaper 2001 Ford Five Hundred rates is to get quotes online. This can be done by using one of the methods below.

The fastest and easiest way to get quotes is a comparison rater form (click to open form in new window). This type of form saves time by eliminating separate quotes for each price estimate. A single, simple form gets rate comparisons from all major companies. This is perfect if you don’t have a lot of time.

A different way to find lower rates requires visiting each company’s website and repeat the quote process again and again. For examples sake, we’ll pretend you want to view quotes from Nationwide, Esurance and Farmers. You would be required to spend time going to each site individually and enter your policy data, which can take a lot of time.

For a list of links to insurance companies in your area, click here.

However you get your quotes, ensure you are comparing equivalent information on every quote you get. If you enter unequal deductibles or liability limits it will be very difficult to determine the lowest rate for your Ford Five Hundred. Even a minor difference in limits could mean much higher rates. Just remember that comparing all the rates in your area helps increase your odds of locating lower pricing. Not every company allows you to get price estimates online, so it’s recommended that you also compare prices from the smaller companies as well.

Cheaper insurance coverage rates with discounts

Insurance coverage can be pricey, but you might already qualify for some discounts that could help you make your next renewal payment. Some discounts will apply at quote time, but some need to be asked about in order for you to get them.

  • Multi-line Discount – Some insurance companies give a discounted premium rate on car insurance if you buy auto and life insurance together.
  • Anti-lock Brake Discount – Cars with anti-lock braking systems prevent accidents and qualify for as much as a 10% discount.
  • Save with More Vehicles Insured – Buying coverage for multiple cars or trucks on a single policy may reduce the rate for each vehicle.
  • Driver Education Discount – It’s a good idea to have your young drivers participate in a local driver’s education class in school.
  • Professional Organizations – Participating in certain professional organizations could earn you a nice discount on your policy.
  • Low Mileage – Low mileage vehicles could qualify for substantially lower premium rates.
  • Waiver for an Accident – Not really a discount, but a handful of insurance companies will turn a blind eye to one accident before they charge you more for coverage if your claims history is clear for a specific time period.
  • Data Collection Discounts – Insureds who allow driving data submission to study vehicle usage by using a small device installed in their vehicle such as Snapshot from Progressive or Drivewise from Allstate could save a few bucks if they have good driving habits.
  • Anti-theft Discount – Cars and trucks optioned with advanced anti-theft systems are less likely to be stolen and earn discounts up to 10% off your auto insurance quote.

It’s important to note that most of the big mark downs will not be given to the overall cost of the policy. Most only cut the cost of specific coverages such as collision or personal injury protection. So even though you would think all the discounts add up to a free policy, it’s just not the way it works. Any amount of discount should help lower your insurance coverage premiums.

A list of insurance coverage companies and their possible discounts can be found below.

  • State Farm includes discounts for good student, accident-free, student away at school, good driver, and Steer Clear safe driver discount.
  • Geico discounts include military active duty, anti-theft, multi-policy, multi-vehicle, and anti-lock brakes.
  • Allstate has savings for premier plus, new car, farm vehicle, safe driver, resident student, and EZ pay plan discount.
  • SAFECO may include discounts for anti-theft, teen safe driver, teen safety rewards, accident prevention training, and homeowner.
  • Farm Bureau has discounts for youthful driver, multi-vehicle, renewal discount, driver training, good student, 55 and retired, and safe driver.
  • Progressive offers discounts for continuous coverage, multi-vehicle, online quote discount, online signing, good student, and homeowner.
  • AAA may offer discounts for multi-car, pay-in-full, anti-theft, AAA membership discount, education and occupation, good student, and good driver.

If you need cheap auto insurance quotes, ask all the companies to apply every possible discount. Discounts might not be offered on policies in your area.

Tailor your insurance coverage coverage to you

When it comes to choosing adequate coverage for your vehicles, there really is not a single plan that fits everyone. Each situation is unique.

These are some specific questions may help highlight whether or not you might need professional guidance.

  • Why do I need rental car insurance?
  • Are rock chip repairs covered?
  • Do I need more liability coverage?
  • Are my friends covered when driving my 2001 Ford Five Hundred?
  • How much underlying liability do I need for an umbrella policy?
  • Am I covered if I drive in a foreign country?
  • At what point should I drop full coverage?
  • What should my uninsured motorist coverage limits be in my state?
  • Should I have combined single limit or split liability limits?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed agent. To find an agent in your area, fill out this quick form.

Insurance policy specifics

Understanding the coverages of a insurance policy can be of help when determining the best coverages for your vehicles. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your Ford Five Hundred.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Collision protection

This coverage pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision can pay for things such as sideswiping another vehicle, sustaining damage from a pot hole and crashing into a building. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It’s also possible to increase the deductible to get cheaper collision coverage.

Comprehensive coverages

Comprehensive insurance covers damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as damage from a tornado or hurricane, rock chips in glass, a tree branch falling on your vehicle, falling objects and a broken windshield. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Coverage for medical payments

Med pay and PIP coverage reimburse you for immediate expenses such as rehabilitation expenses, ambulance fees, funeral costs and hospital visits. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage

Auto liability

This will cover damage that occurs to a person or their property that is your fault. This coverage protects you from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 100/300/100 which stand for $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability insurance covers claims such as emergency aid, bail bonds, pain and suffering, repair bills for other people’s vehicles and medical services. How much liability should you purchase? That is a decision to put some thought into, but buy higher limits if possible.

Shop. Compare. Save.

We just covered many ideas to lower your 2001 Ford Five Hundred insurance prices. It’s most important to understand that the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers may even find the lowest prices come from a company that doesn’t do a lot of advertising.

There are still a few companies who may not have price quotes online and these smaller providers sell through independent insurance agencies. Lower-priced car insurance can be bought from both online companies as well as from insurance agents, so compare prices from both so you have a total pricing picture.

As you quote auto insurance, it’s not a good idea to sacrifice coverage to reduce premiums. There are a lot of situations where drivers have reduced collision coverage only to find out that their decision to reduce coverage ended up costing them more. Your goal should be to purchase plenty of coverage at the lowest possible cost but still have enough coverage for asset protection.

Additional car insurance information is located at the links below