Lower Your 2007 Ford Five Hundred Insurance Quotes

Searching for better car insurance rates for your Ford Five Hundred? Getting cheap car insurance over the internet can be overwhelming for vehicle owners that are relatively new to online price comparisons. With such a big selection of agents and online companies, how are vehicle owners expected to effectively compare every car insurance company to find better rates?

The purpose of this article is to instruct you on how to get online quotes and some tricks to saving. If you are paying for car insurance now, you should be able to cut costs considerably using these techniques. Although drivers must understand how insurance companies price insurance differently and use this information to your advantage.

Don’t overlook these insurance discounts

Companies don’t always list their entire list of discounts in a way that’s easy to find, so the list below contains both well-publicized in addition to some of the lesser obvious discounts that may be available.

  • Smart Student Discounts – Performing well in school can be rewarded with saving of up to 25%. Many companies even apply the discount to college students up to age 25.
  • Paperless Signup – Certain insurance companies may give you up to $50 just for signing your application online.
  • Discounts for Good Drivers – Insureds who avoid accidents could pay up to 40% less on Five Hundred coverage than their less cautious counterparts.
  • Pay Early and Save – If you pay your bill all at once instead of making monthly payments you could save 5% or more.
  • Multiple Cars – Drivers who insure multiple vehicles with the same company can reduce rates for all insured vehicles.
  • Early Switch Discount – A few insurance companies allow discounts for signing up prior to your current policy expiring. This discount can save up to 10%.
  • Seat Belts Save more than Lives – Drivers who require all vehicle occupants to fasten their seat belts can save up to 10 percent (depending on the company) on the medical payments or PIP coverage costs.
  • Anti-lock Brake System – Cars and trucks with ABS braking systems or traction control can stop better under adverse conditions so companies give up to a 10% discount.

One thing to note about discounts is that many deductions do not apply to the entire policy premium. Most cut specific coverage prices like liability, collision or medical payments. If you do the math and it seems like you could get a free insurance policy, it doesn’t quite work that way.

Larger insurance companies and their offered discounts are shown below.

  • 21st Century discounts include early bird, air bags, defensive driver, good student, anti-lock brakes, and 55 and older.
  • State Farm offers premium reductions for good student, Steer Clear safe driver discount, student away at school, accident-free, passive restraint, and good driver.
  • AAA may include discounts for pay-in-full, multi-car, education and occupation, multi-policy, AAA membership discount, good driver, and anti-theft.
  • Liberty Mutual has discounts for multi-car, safety features, exclusive group savings, multi-policy, new move discount, preferred payment discount, and new vehicle discount.
  • Progressive offers discounts for multi-policy, online quote discount, online signing, continuous coverage, homeowner, good student, and multi-vehicle.

When getting free insurance coverage quotes, it’s a good idea to each insurance company how you can save money. Depending on the company, some discounts might not be offered in every state.

Compare insurance rate quotes online

There are multiple methods to shop for insurance, but there is one way that is easier and takes less work. You can waste a lot of time talking to insurance agencies in your area, or you could use online quotes to get prices fast.

Most major companies are enrolled in a marketplace that enables customers to submit one quote, and every company then returns a price quote based on the submitted data. This saves time by eliminating quote forms to every company. To find out how much you can save on insurance click here to open in new window.

The one downside to using this type of system is you cannot specify the insurers you will receive quotes from. If you wish to select individual companies to compare rates, we have a page of low cost insurance companies in your area. View list of insurance companies.

However you get your quotes, do your best to use equivalent deductibles and coverage limits for each quote you get. If you use different data you will not be able to make an equal comparison. Slightly different insurance coverages can mean a large discrepancy in price. Keep in mind that comparing more rates from different companies increases your odds of finding the best price.

How to lower your insurance prices

Lots of factors are part of the equation when you get a price on insurance. Some are obvious such as your driving history, but other factors are more transparent such as your marital status and annual miles driven.It’s important that you understand some of the factors that play a part in calculating car insurance rates. When you understand what impacts premium levels, this enables you to make decisions that can earn you much lower annual insurance costs.

  • High credit means lower premiums – Your credit score is likely to be a major factor in calculating your car insurance rates. People with good credit tend to be better drivers and file fewer claims than drivers who have lower credit scores. If your credit rating leaves room for improvement, you may save money insuring your 2007 Ford Five Hundred by repairing your credit.
  • No car insurance claims equals lower car insurance rates – If you are the type of insured that files lots of claims you can definitely plan on either a policy non-renewal or much higher rates. Car insurance companies generally give most affordable rates to insureds who do not rely on their insurance for small claims. Your car insurance is designed for major claims that would cause financial hardship.
  • Which gender costs less? – Statistics show that females tend to be a little less risky than males. However, this does not mean women are BETTER drivers than men. Both genders cause fender benders in similar percentages, but males cause more damage. They also get higher numbers of serious violations like DWI (DUI) or reckless driving. Males from age 16 to 21 have the highest risk to insure and therefore are the most expensive to insure.
  • A coverage lapse can increase premiums – Allowing your coverage to lapse will be a guaranteed way to increase your renewal premiums. Not only will you pay more, being ticketed for driving with no insurance might get you fines and jail time. You may have to prove you have insurance by filing a SR-22 with your state department of motor vehicles.

When to get professional advice

When choosing the right insurance coverage for your vehicles, there really is not a perfect coverage plan. Every situation is different.

These are some specific questions may help you determine if you would benefit from professional advice.

  • How do I insure my teen driver?
  • Are rental cars covered under my policy?
  • Do I need rental car coverage?
  • Is my babysitter covered when using my vehicle?
  • Where can I get insurance after a DUI in my state?
  • Am I covered when driving someone else’s vehicle?
  • Should I sign the liability waiver when renting a car?
  • How many claims can I have before being cancelled?

If you can’t answer these questions, you may need to chat with an agent. If you don’t have a local agent, take a second and complete this form.

Specifics of your insurance policy

Understanding the coverages of your insurance policy can be of help when determining appropriate coverage for your vehicles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.

Collision insurance

Collision coverage pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for things like colliding with another moving vehicle, sustaining damage from a pot hole, hitting a parking meter and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. It’s also possible to bump up the deductible to bring the cost down.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance pay for immediate expenses for funeral costs, hospital visits, dental work, chiropractic care and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants and will also cover any family member struck as a pedestrian. PIP is not universally available and may carry a deductible

Liability insurance

This will cover damage or injury you incur to people or other property that is your fault. It protects YOU against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 50/100/50 which stand for $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL that pays claims from the same limit with no separate limits for injury or property damage.

Liability insurance covers things like structural damage, medical services, repair costs for stationary objects, emergency aid and bail bonds. How much liability coverage do you need? That is your choice, but consider buying higher limits if possible.

Comprehensive insurance

This pays for damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like damage from getting keyed, a broken windshield and damage from flooding. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important. Normally these coverages do not exceed the liability coverage limits.

Cheaper insurance is a realistic goal

Budget-friendly insurance is available on the web as well as from insurance agents, so get free insurance coverage quotes from both of them to get a complete price analysis. Some insurance companies don’t offer price quotes online and most of the time these smaller companies work with independent agents.

People switch companies for a number of reasons such as policy cancellation, poor customer service, an unsatisfactory settlement offer or even denial of a claim. Regardless of your reason for switching companies, finding a new insurance company can be less work than you think.

We covered some good ideas how to compare 2007 Ford Five Hundred insurance premium rates online. It’s most important to understand that the more you quote insurance coverage, the higher your chance of finding cheap insurance coverage. Drivers may discover the most savings is with an unexpected company.

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