How Much Does 2008 Ford Five Hundred Insurance Cost?

Searching for lower auto insurance rates for your Ford Five Hundred? Did you come to the realization that you have overpriced auto insurance? It’s a common feeling and there are lots of people in the same boat. Many insurers vie to insure your vehicles, so it’s not easy to compare every insurer to discover the definitive lowest cost out there.

It’s a great practice to quote other rates every six months since insurance prices fluctuate regularly. Despite the fact that you may have had the lowest rates on Five Hundred insurance two years ago a different company probably has better premium rates today. Forget all the misinformation about auto insurance because we’re going to show you one of the best ways to find lower rates on auto insurance.

If you have a current insurance coverage policy or are shopping for new coverage, you can use these techniques to get lower rates while maintaining coverages. Finding affordable coverage is not that difficult. Consumers only need an understanding of how to shop online.

How to buy insurance coverage

Finding a lower price on 2008 Ford Five Hundred insurance is an easy way to save money. You just have to invest a few minutes to compare free car insurance quotes from different insurance companies. This can easily be done by following the guidelines below.

The single most time-saving way to compare a lot of rates at once is an all-inclusive rate comparison like this one (opens in new window). This easy form keeps you from doing separate quotes for each company you want a rate for. One form will return price quotes from all major companies.

A less efficient way to obtain and compare quotes online requires you to visit the website for each individual company and get a separate price quote. For example, let’s say you want to get rates from Farmers, Liberty Mutual and State Farm. To find out each rate you need to spend time going to each site individually to enter your coverage information, and that explains why we recommend the first method. To view a list of companies in your area, click here.

You can choose any of those ways to find more affodable coverage, but be certain you are entering exactly the same coverage data for every quote you compare. If each company quotes different liability limits it’s impossible to make a fair rate comparison.

More discounts mean cheap premiums

Car insurance is not cheap, but there could be available discounts that you may not know about. Most are applied when you complete an application, but a few must be specifically requested prior to getting the savings.

  • Use Seat Belts – Drivers who always wear seat belts and also require passengers to use a seat belt can save a little on the medical payments or PIP coverage costs.
  • Distant College Student Discount – who live away from home to go to college without a vehicle on campus could qualify for this discount.
  • Early Payment Discounts – If you pay your bill all at once instead of paying each month you can avoid monthly service charges.
  • Theft Deterent Discount – Cars and trucks with anti-theft systems help deter theft so companies will give you a small discount.
  • Student Discount for Driver Training – Require your teen driver to sucessfully take a drivers education course if offered at their school.
  • No Claim Discounts – Drivers who stay claim-free can save substantially in comparison to drivers with a long claim history.
  • Paperless Signup – Some of the larger companies give back up to $50 get car insurance online.
  • Include Life Insurance and Save – Not all insurance coverage companies offer life insurance, but some may give you a lower insurance coverage rate if you buy some life insurance too.

As a disclaimer on discounts, most of the big mark downs will not be given the the whole policy. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. Just because it seems like having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy.

To see a list of insurers that provide some of the discounts listed above, click this link.

It’s not one size fits all

When it comes to choosing the best insurance coverage coverage, there really is not a perfect coverage plan. Everyone’s situation is a little different so your insurance needs to address that. For instance, these questions might point out if you might need an agent’s assistance.

  • Is my cargo covered for damage or theft?
  • What discounts do I qualify for?
  • Is business property covered if stolen from my car?
  • Exactly who is provided coverage by my policy?
  • I have health insurance so do I need medical payments coverage?
  • Can I still get insurance after a DUI?
  • Does coverage extend to a rental car in a foreign country?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier It’s fast, free and can help protect your family.

Auto insurance coverage basics

Having a good grasp of your auto insurance policy aids in choosing the best coverages and proper limits and deductibles. The terms used in a policy can be confusing and coverage can change by endorsement. Below you’ll find typical coverages available from auto insurance companies.

Uninsured or underinsured coverage

This protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and also any damage incurred to your 2008 Ford Five Hundred.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Most of the time these coverages do not exceed the liability coverage limits.

Collision protection

Collision coverage will pay to fix damage to your Five Hundred caused by collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like crashing into a building, hitting a parking meter and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. Another option is to bump up the deductible in order to get cheaper collision rates.

Liability insurance

This protects you from damage or injury you incur to people or other property in an accident. It protects you against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against claims such as loss of income, bail bonds, medical services and court costs. How much liability should you purchase? That is your choice, but you should buy as large an amount as possible.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses such as pain medications, chiropractic care, rehabilitation expenses and funeral costs. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive protection

This covers damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as hitting a deer, rock chips in glass and damage from getting keyed. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.