Cheap 2004 Ford Five Hundred Insurance Rates

Searching for lower car insurance rates? Consumers have many options when looking for low-cost Ford Five Hundred insurance. They can either waste time struggling with agents to compare prices or utilize the internet to compare rates. There is a better way to buy car insurance so you’re going to learn the best way to compare rates on a Ford and obtain the best price possible from local insurance agents and online providers.

Discount insurance rates

Auto insurance companies do not list every discount they offer very clearly, so we break down both the well known and the more hidden credits available to you. If you do not check that you are getting every discount available, you are not getting the best rate possible.

  • Anti-theft System – Vehicles that have factory alarm systems and tracking devices prevent vehicle theft and will save you 10% or more.
  • Discount for Good Grades – A discount for being a good student can earn a discount of 20% or more. Most companies allow this discount up to age 25.
  • Online Discount – Some insurance companies will give a small break for signing up on the web.
  • Auto/Life Discount – Select companies reward you with a discount if you purchase life insurance.
  • Military Deployment Discount – Being on active duty in the military could qualify you for better rates.
  • Driver Safety – Taking part in a safe driver course is a good idea and can lower rates if you qualify.
  • Low Mileage – Low annual miles can qualify you for better premium rates on cars that stay parked.
  • Distant College Student Discount – Older children who live away from home at college and don’t have a car may be insured at a cheaper rate.
  • Good Driver Discounts – Safe drivers can save as much as half off their rates for Five Hundred insurance as compared to drivers with claims.

One thing to note about discounts is that most discount credits are not given to the entire cost. Most only cut individual premiums such as physical damage coverage or medical payments. Even though the math looks like you can get free auto insurance, nobody gets a free ride. Any amount of discount will help lower your insurance premiums.

To see a list of insurance companies with discount insurance rates, click here to view.

Smart consumers know how to buy insurance coverage at a discount

Many different elements are used when pricing auto insurance. Some are pretty understandable like your driving record, although others are less obvious such as whether you are married or your vehicle rating.A large part of saving on insurance coverage is knowing some of the elements that help determine the price you pay for insurance coverage. When consumers understand what determines base rates, this enables you to make decisions that can help you get big savings.

  • Gender impacts premiums – Statistics have proven women tend to be less risk to insure than men. However, this does not mean females are better at driving than males. Both genders are responsible for fender benders at about the same rate, but males tend to have more serious accidents. Men also get more serious tickets like DWI (DUI) or reckless driving.
  • Save by driving vehicles with better crash test results – Safer cars tend to be cheaper to insure. Safe vehicles help reduce the chance of injuries in an accident and fewer serious injuries means lower claim amounts which can mean better rates for you. If your Ford Five Hundred scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website it may cost less to insure.
  • If you don’t need it don’t buy it – Insurance policies have a lot of add-on coverages that can waste your money when buying insurance coverage. Things like vanishing deductibles, better glass coverage, and membership fees may be costing you every month. These may sound like a good investment when discussing your needs, but your money might be better spent on other coverage so consider taking them off your policy.
  • Older drivers are lower risk – Young drivers are known to be careless and easily distracted behind the wheel therefore insurance coverage rates are much higher. Having to add a teenage driver to your policy will cause a huge premium hike. Older insureds are proven to be safer behind the wheel, tend to cause fewer accidents , and usually have better credit.

Tailor your auto insurance coverage to you

When buying the right insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Everyone’s situation is a little different.

For example, these questions may help highlight whether your personal situation will benefit from professional help.

  • Will my insurance pay for OEM parts?
  • Which is better, split liability limits or combined limits?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Am I covered if I drive in a foreign country?
  • I don’t drive much so do I pay less?
  • When should I drop full coverage on my 2004 Ford Five Hundred?
  • What is PIP insurance?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an agent. To find lower rates from a local agent, take a second and complete this form. It’s fast, free and may give you better protection.

Auto insurance in the media

Consumers constantly see and hear ads that claim the best prices from companies such as Progressive, Geico, Allstate and State Farm. All the companies make an identical promise about how much you will save if you move your auto insurance policy to them.

How can each company give you a better price? Here is the trick they use.

Companies can use profiling for a prospective insured that will add to their bottom line. For example, a desirable insured might have to be between the ages of 30 and 45, has no prior claims, and chooses high deductibles. Someone that meets those criteria will probably get the lowest premium rates and therefore will pay quite a bit less when switching companies.

Drivers who fall short of this ideal profile may receive a higher rate and ends up with business not being written. Company advertisements say “people that switch” but not “all drivers who get quotes” can get the lowest rates when switching. That’s the way insurance companies can confidently make the claims of big savings. This illustrates why you should get as many free car insurance quotes as possible. It is impossible to predict which company will give you the biggest savings.

Insurance coverages and their meanings

Knowing the specifics of your policy aids in choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Liability car insurance

Liability coverage provides protection from damage that occurs to other’s property or people. This coverage protects you against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 100/300/100 that translate to a limit of $100,000 per injured person, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability insurance covers claims like pain and suffering, court costs, repair bills for other people’s vehicles, attorney fees 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.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle from other motorists 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.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Collision coverage protection

Collision insurance pays for damage to your Five Hundred caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like backing into a parked car, colliding with a tree, rolling your car and crashing into a building. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Another option is to raise the deductible to save money on collision insurance.

Comprehensive coverage

This pays for damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like fire damage, rock chips in glass and vandalism. The maximum payout your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Medical payments coverage and PIP

Med pay and PIP coverage kick in for expenses for prosthetic devices, EMT expenses, pain medications, dental work and ambulance fees. They can be utilized in addition to your health insurance program or if you lack health insurance entirely. Medical payments and PIP 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 is not an option in every state and may carry a deductible

Save your hard earned cash

Affordable 2004 Ford Five Hundred insurance is attainable on the web as well as from insurance agents, so you need to shop car insurance with both to get a complete price analysis. A few companies may not offer online quoting and most of the time these regional carriers only sell through independent insurance agencies.

When searching for cheaper car insurance quotes, you should never skimp on coverage in order to save money. In many cases, drivers have reduced liability coverage limits and discovered at claim time that the savings was not a smart move. Your goal is to buy enough coverage for the lowest price.

People who switch companies do it for a number of reasons such as poor customer service, high rates after DUI convictions, delays in paying claims or even policy cancellation. Regardless of your reason, finding a new insurance company is pretty simple and you could end up saving a buck or two.

More detailed insurance information can be read at these sites: