Lower Your 2002 Ford Five Hundred Car Insurance Rates

Are you sick and tired of sacrificing other expenses to pay your insurance bill each month? You have the same problem as many other drivers. Companies like Allstate and Progressive continually hit you with ads and it can be hard to ignore the flying pigs and cute green geckos and effectively compare rates to find the best deal.

It’s a good habit to compare prices occasionally due to the fact that insurance prices trend upward over time. Even if you think you had the lowest rate for Five Hundred insurance at your last renewal there may be better deals available now. Don’t believe everything you read about insurance out there, but I’m going to show you a lot of great tips on how to stop overpaying for insurance.

If you are insured now or need a new policy, you can use these tips to reduce the price you pay while maintaining coverages. Buying car insurance is quite easy. Drivers just need to understand the best way to get comparison rates online.

Car insurance companies offer lots of discounts

Car insurance companies don’t always advertise all disounts in an easy-to-find place, so we break down both the well known and also the lesser-known discounts that you may qualify for.

  • Renewal Discounts – Some car insurance companies give discounts for switching to them before your current expiration date. You could save around 10% when you buy insurance online.
  • Discount for Passive Restraints – Cars that have air bags or motorized seat belts could see savings of more than 20%.
  • Cautious Driver Discounts – Accident-free drivers can get discounts for up to 45% lower rates for Five Hundred insurance than less cautious drivers.
  • Student in College – who live away from home at college and leave their car at home may be insured at a cheaper rate.
  • Organization Discounts – Belonging to specific professional or occupational memberships or organizations could trigger savings on your next renewal.
  • Low Miles Discount – Driving less may allow you to get lower prices on the low mileage vehicles.

One last thing about discounts, many deductions do not apply the the whole policy. The majority will only reduce specific coverage prices like comprehensive or collision. So even though you would think all those discounts means the company will pay you, that’s just not realistic. Any amount of discount should help reduce the amount you pay for coverage.

Companies that possibly offer most of the discounts above include:

Before purchasing a policy, check with each insurance company to give you their best rates. A few discounts may not apply to policies everywhere. To locate insurance companies that can offer you the previously mentioned discounts, click this link.

Finding car insurance

Finding a lower price on 2002 Ford Five Hundred insurance is actually quite simple. You just have to take a few minutes comparing rate quotes to discover which company has the cheapest insurance quotes. You can get a good selection of rate quotes by following the guidelines below.

  • The easiest and least time consuming way to get quotes for comparison is an all-inclusive rate comparison click to view form in new window. This form keeps you from doing repetitive form submissions to each individual car insurance company. One quote request will get you rate comparisons from all major companies.
  • A more difficult way to get comparison quotes requires visiting each company website to request a price quote. For example, let’s say you want to see prices from Nationwide, Farmers and Progressive. To get each rate you have to navigate to each company’s site to enter the same coverage data repeatedly, which explains why we recommend starting with the first method.

    To view a list of companies in your area, click here.

Whichever method you choose, do your best to use equivalent coverage information with each company. If your comparisons have different values for each quote you can’t possibly determine the best price for your Ford Five Hundred.

Do I just need basic coverages?

When choosing coverage, there really is no best way to insure your cars. Each situation is unique so your insurance needs to address that. Here are some questions about coverages that could help you determine whether or not you might need professional guidance.

  • Is pleasure use cheaper than using my 2002 Ford Five Hundred to commute?
  • Should I get collision insurance on every vehicle?
  • Are my friends covered when driving my car?
  • Can my teen driver be rated on a liability-only vehicle?
  • Is other people’s property covered if stolen from my vehicle?
  • Is my cargo covered for damage or theft?
  • Does insurance cover damages from a DUI accident?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and you can get the answers you need.

Insurance coverages 101

Knowing the specifics of insurance can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. These are the normal coverages available from insurance companies.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Comprehensive coverage

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like vandalism, a broken windshield, fire damage, hitting a bird and hail damage. The most you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Medical payments coverage and PIP

Med pay and PIP coverage reimburse you for expenses like doctor visits, dental work and rehabilitation expenses. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Liability coverage

This can cover injuries or damage you cause to other people or property. This coverage protects you from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 100/300/100 which means a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000.

Liability coverage protects against things such as attorney fees, emergency aid, court costs, repair costs for stationary objects and structural damage. How much coverage you buy is a personal decision, but you should buy as high a limit as you can afford.

Collision insurance

Collision insurance covers damage to your Five Hundred from colliding with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims such as driving through your garage door, hitting a mailbox and crashing into a ditch. Collision is rather expensive coverage, so consider dropping it from older vehicles. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Buy Smart and Save

As you shop your coverage around, it’s not a good idea to buy less coverage just to save a little money. There are too many instances where an insured dropped liability coverage limits only to regret at claim time that the few dollars in savings costed them thousands. Your objective should be to buy enough coverage for the lowest cost while not skimping on critical coverages.

In this article, we presented quite a bit of information on how to save on 2002 Ford Five Hundred insurance. The most important thing to understand is the more quotes you get, the better your comparison will be. Drivers may discover the best car insurance rates are with an unexpected company. These smaller insurers may cover specific market segments cheaper as compared to the big name companies such as State Farm, Geico and Nationwide.

The cheapest 2002 Ford Five Hundred insurance is available both online as well as from insurance agents, and you should compare price quotes from both so you have a total pricing picture. Some insurance companies do not provide online price quotes and most of the time these small insurance companies only sell through independent insurance agents.

For more information, link through to the articles below: