1992 Ford Five Hundred Insurance Quotes – 7 Discounts for Best Rates

Looking for lower auto insurance rates for your Ford Five Hundred? Finding low-cost insurance for a Ford Five Hundred can be difficult, but you can learn the following methods to find lower rates. There are both good and bad ways to shop for auto insurance and we’ll show you the proper way to compare rates on a Ford and obtain the lowest possible price either online or from local insurance agents.

Are you getting all your discounts?

Companies don’t always list every available discount very well, so the following is a list of both well-publicized and the harder-to-find discounts you could be receiving. If you don’t get every credit available, you are paying more than you should be.

  • Defensive Driving Course – Taking part in a course teaching defensive driving skills could save 5% or more if you qualify.
  • 55 and Retired – If you qualify as a senior citizen, you can possibly qualify for reduced rates for Five Hundred coverage.
  • Discount for Good Grades – Getting good grades can earn a discount of 20% or more. The discount lasts well after school through age 25.
  • New Car Discount – Insuring a new car can be considerably cheaper since new cars are generally safer.
  • Accident Free – Claim-free drivers can save substantially when compared to accident-prone drivers.
  • More Vehicles More Savings – Buying insurance for multiple cars or trucks on the same auto insurance policy qualifies for this discount.
  • Own a Home – Owning a house may earn you a small savings due to the fact that maintaining a home shows financial diligence.

Keep in mind that some credits don’t apply to the entire cost. Most cut individual premiums such as comprehensive or collision. So even though it sounds like all the discounts add up to a free policy, you won’t be that lucky.

For a list of providers who offer auto insurance discounts, click this link.

Cheap Auto Insurance Comparisons

Effectively comparing auto insurance prices can take hours if you don’t understand the best way to get rate quotes. You can waste a lot of time driving to insurance agencies in your area, or you can stay home and use the internet to get the quickest rates.

Most of the best insurance companies participate in an industry program that allows shoppers to send in one quote, and each company then gives them pricing based on the submitted data. This saves time by eliminating quotation requests for every auto insurance company.

To compare 1992 Ford Five Hundred rates using this form now click to open in new window.

The one disadvantage to getting quotes like this is you are unable to specify the companies to get quotes from. So if you prefer to choose specific providers to request quotes from, we put together a list of low cost auto insurance companies in your area. View list of insurance companies.

Whichever way you use, make darn sure you compare identical coverages and limits on every quote. If you have different deductibles it’s not possible to determine the best price for your Ford Five Hundred.

Tailor your coverage to you

When it comes to buying the right insurance coverage, there really is not a perfect coverage plan. Every insured’s situation is different.

For instance, these questions could help you determine whether you will benefit from professional help.

  • When would I need rental car insurance?
  • Is other people’s property covered if stolen from my vehicle?
  • Is my 1992 Ford Five Hundred covered for smoke damage?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Is my trailer covered?
  • Does my personal policy cover me when driving out-of-state?
  • When should I buy a commercial auto policy?
  • Is my Ford Five Hundred covered if I use it for business?

If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to a licensed agent. If you don’t have a local agent, take a second and complete this form. It is quick, free and can provide invaluable advice.

Buyer beware of car insurance advertising tricks

Consumers can’t ignore all the ads that promise big savings by State Farm, Geico and Progressive. All the ads make the same claim of big savings if you switch to their company.

How do they all make the same claim?

Insurance companies have a certain “appetite” for the right customer they prefer to insure. A good example of a driver they prefer might be profiled as a mature driver, is a homeowner, and drives newer vehicles. A customer who fits that profile receives the best rates and therefore will pay quite a bit less when switching companies.

Potential customers who don’t qualify for the “perfect” profile will have to pay a more expensive rate which leads to the driver buying from a lower-cost company. The ads state “customers who switch” not “people who quote” save that much money. This is how companies can truthfully advertise the way they do. Because of the profiling, you should get a wide range of price quotes. You cannot predict which car insurance company will have the lowest Ford Five Hundred insurance rates.

Coverage specifics

Understanding the coverages of your insurance policy helps when choosing appropriate coverage for your vehicles. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording.

Comprehensive auto coverage – This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as damage from flooding, a broken windshield, fire damage, a tree branch falling on your vehicle and damage from a tornado or hurricane. The maximum amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for things like prosthetic devices, ambulance fees, X-ray expenses and rehabilitation expenses. They can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP coverage is not available in all states and may carry a deductible

Liability car insurance – This coverage can cover injuries or damage you cause to a person or their property. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 25/50/25 that means you have $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability insurance covers claims such as repair costs for stationary objects, medical services and legal defense fees. How much liability should you purchase? That is a personal decision, but consider buying as much as you can afford.

UM/UIM (Uninsured/Underinsured Motorist) coverage – This coverage gives you protection when other motorists are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your Ford Five Hundred.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Collision coverages – This pays for damage to your Five Hundred resulting from a collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like hitting a parking meter, crashing into a building and hitting a mailbox. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Have money to burn

Budget-conscious 1992 Ford Five Hundred insurance is definitely available both online as well as from independent agents, so you should compare both to have the best chance of lowering rates. There are still a few companies who don’t offer you the ability to get quotes online and many times these small, regional companies only sell through independent insurance agents.

As you prepare to switch companies, it’s not a good idea to buy poor coverage just to save money. There are many occasions where someone dropped collision coverage only to regret at claim time that the small savings ended up costing them much more. The ultimate goal is to purchase a proper amount of coverage at a price you can afford while still protecting your assets.

We just showed you a lot of techniques to shop for insurance online. The key thing to remember is the more quotes you get, the better your comparison will be. Drivers may discover the lowest rates come from a lesser-known regional company.

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