How Much Does 2016 Ford Five Hundred Insurance Cost?

Want cheaper car insurance rates for your Ford Five Hundred? I doubt anyone is fond of buying car insurance, in particular when it costs too dang much.

Numerous insurers battle for your insurance dollar, and it can be difficult to compare rates and get the definite lowest cost out there.

If you have car insurance now, you will most likely be able to cut costs considerably using these tips. Finding affordable coverage is not that difficult. Although vehicle owners benefit from understanding how companies sell insurance online and apply this information to your search.

Lower rate quotes with discounts

Companies offering auto insurance don’t always list their entire list of discounts very clearly, so the list below contains both well-publicized as well as some of the hidden credits that you can use to lower your rates.

  • Auto/Life Discount – Not all insurance companies offer life insurance, but some may give you a lower premium rate if you buy some life insurance in addition to your auto policy.
  • Accident Forgiveness Coverage – Not necessarily a discount, but certain companies will allow you to have one accident before hitting you with a surcharge as long as you don’t have any claims for a set time period.
  • Active Military Service – Being on active deployment in the military may lower your premium rates slightly.
  • Mature Driver Discount – Mature drivers are able to get a small discount on rates for Five Hundred insurance.
  • Onboard Data Collection – Insureds that choose to allow driving data collection to monitor driving patterns by using a small device installed in their vehicle like Allstate’s Drivewise might get better premium rates if they have good driving habits.

As a sidenote, most credits do not apply to the overall cost of the policy. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. So even though it sounds like all the discounts add up to a free policy, you aren’t that lucky. But any discount will reduce the amount you pay for coverage.

Some of the insurance companies that may offer some of the above discounts include:

When comparing rates, check with every insurance company to apply every possible discount. Discounts might not apply in your area. To find insurers with significant discounts, click here to view.

Insurance coverage quotes comparison

To get the cheapest auto insurance quotes, there a variety of ways to compare quotes from lots of insurance coverage companies. By far the easiest way to do a complete rate comparison is to use the internet to compare rates. It’s really quite simple and can be done in a couple minutes as outlined below.

  1. The easiest and least time consuming way to compare a lot of rates at once would be an industry-wide quote request form click to view form in new window. This quick form prevents you from having to do multiple quote forms for every prospective company. Just one form gets insurance cost estimates from insurance coverage companies with the best prices.
  2. A slightly less efficient method to find more affordable insurance requires visiting each company’s website and repeat the quote process again and again. For example, let’s assume you need rates from State Farm, 21st Century and American Family. You would need to go to every website and enter your policy data, which can take a lot of time. For a handy list of car insurance company links in your area, click here.
  3. The old school method to find lower rates is calling or driving to different agent offices. The internet eliminates this option unless you require the trained guidance that can only be provided by a licensed insurance agent. Although, it is possible price shop online but buy from a local insurance agent.

The approach you take is up to you, just ensure you’re using the same coverages and limits on every quote. If your comparisons have different liability limits then you won’t be able to make an equal comparison. Even a minor difference in insurance coverages may cause a big price difference. Just keep in mind that comparing all the rates in your area will improve the odds of getting the best rates. Some insurance companies are not set up to provide prices over the internet, so you need to compare price estimates from those companies as well.

What is the best car insurance coverage?

When buying coverage for your personal vehicles, there really is not a “best” method to buy coverage. Every situation is different and your policy should reflect that. For example, these questions may help highlight whether your personal situation would benefit from an agent’s advice.

  • Is my teenager covered with friends in the car?
  • Do I have coverage when making deliveries for my home business?
  • Is my custom paint covered by insurance?
  • If my 2016 Ford Five Hundred is totaled, can I afford another vehicle?
  • Do I need special endorsements for business use of my vehicle?
  • When can my company non-renew my policy?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies.

Car insurance coverage information

Learning about specific coverages of a insurance policy helps when choosing appropriate coverage for your vehicles. Insurance terms can be confusing and nobody wants to actually read their policy. Shown next are the normal coverages found on the average insurance policy.

Comprehensive coverage – This coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as hitting a deer, a broken windshield and theft. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Coverage for liability – This coverage protects you from damages or injuries you inflict on people or other property that is your fault. It protects YOU from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000. Some companies may use a combined limit that pays claims from the same limit without having the split limit caps.

Liability insurance covers things like repair costs for stationary objects, emergency aid and pain and suffering. How much liability should you purchase? That is up to you, but consider buying as large an amount as possible.

Uninsured/Underinsured Motorist coverage – This coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Ford Five Hundred.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Normally these limits are set the same as your liablity limits.

Collision coverages – This coverage pays for damage to your Five Hundred resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers claims such as hitting a mailbox, driving through your garage door and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. It’s also possible to increase the deductible to get cheaper collision coverage.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP reimburse you for immediate expenses such as EMT expenses, doctor visits, funeral costs and ambulance fees. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Shop. Compare. Save.

When you buy auto insurance online, it’s not a good idea to buy less coverage just to save a little money. There have been many cases where an insured dropped physical damage coverage only to find out that the savings was not a smart move. The ultimate goal is to get the best coverage possible for the lowest cost while still protecting your assets.

The cheapest 2016 Ford Five Hundred insurance is available online and from local agencies, so you should compare both in order to have the best price selection to choose from. A few companies may not have online rate quotes and these smaller providers provide coverage only through local independent agents.

You just read many tips how you can get a better price on 2016 Ford Five Hundred insurance. The most important thing to understand is the more companies you get prices for, the better chance you’ll have of finding cheaper auto insurance. You may even find the most savings is with a small local company. They may cover specific market segments cheaper compared to the large companies like Progressive and Geico.

Additional information can be found at the links below