1994 Ford Five Hundred Insurance Cost – 6 Tips for Best Prices

Want lower auto insurance rates for your Ford Five Hundred? Did you fall for a flashy sales pitch and buy high-priced auto insurance? Trust us, many consumers are feeling buyer’s remorse and feel like there’s no way out. Drivers have so many insurance companies to insure vehicles with, and although it’s nice to be able to choose, too many choices makes it more difficult to find the best rates for your vehicles.

You need to price shop coverage periodically because prices fluctuate regularly. Even if you got the lowest rates for Five Hundred coverage six months ago the chances are good that you can find a lower rate today. Forget anything you know (or think you know) about auto insurance because we’re going to demonstrate how to use the internet to lower your rates without sacrificing coverage.

The quickest way to compare policy rates utilizes the fact auto insurance companies provide online access to quote your coverage. The only thing you need to do is give them rating details such as if the car is leased, types of safety features, driver ages, and if you are currently licensed. That rating data is submitted instantly to multiple insurance coverage providers and they return cost estimate quickly.

Don’t miss these six discounts

Insuring your fleet can be pricey, but there are discounts available to cut the cost considerably. Certain discounts will be triggered automatically when you purchase, but a few must be inquired about before you get the savings. If you’re not getting every credit available, you’re just leaving money on the table.

  • Discount for New Cars – Adding a new car to your policy can save up to 30% due to better safety requirements for new cars.
  • Early Signing – Select companies give a discount for switching to them prior to your current policy expiring. This can save 10% or more.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to take driver’s ed class if offered at their school.
  • Safe Driver Discount – Drivers who don’t get into accidents may save up to 50% more for Five Hundred coverage than their less cautious counterparts.
  • No Accidents – Claim-free drivers can save substantially when compared to frequent claim filers.
  • Service Members Pay Less – Having a deployed family member can result in better rates.

As a disclaimer on discounts, most discount credits are not given to the entire cost. Most only cut specific coverage prices like comprehensive or collision. So when it seems like you can get free auto insurance, it doesn’t quite work that way. But any discount will reduce the amount you have to pay.

A partial list of companies that possibly offer these money-saving discounts include:

Check with each insurance company what discounts are available to you. All car insurance discounts might not be offered everywhere.

When might I need help?

When it comes to choosing coverage for your personal vehicles, there is no “perfect” insurance plan. Everyone’s situation is unique so your insurance should reflect that For example, these questions can aid in determining whether or not you would benefit from professional advice.

  • Am I getting all the discounts available?
  • What if I don’t agree with a claim settlement offer?
  • How can I find cheaper teen driver insurance?
  • Do I need medical payments coverage since I have good health insurance?
  • Can my teen driver be rated on a liability-only vehicle?
  • Is my 1994 Ford Five Hundred covered for flood damage?

If it’s difficult to answer those questions then you might want to talk to a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and may give you better protection.

Auto insurance coverages and their meanings

Understanding the coverages of your auto insurance policy aids in choosing the right coverages for your vehicles. Policy terminology can be ambiguous and nobody wants to actually read their policy. Below you’ll find the normal coverages found on most auto insurance policies.

Comprehensive insurance

This covers damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for things like damage from a tornado or hurricane, a broken windshield and falling objects. The maximum amount your auto insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for things like surgery, chiropractic care, nursing services, pain medications and dental work. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability auto insurance

Liability coverage protects you from injuries or damage you cause to other people or property by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.

Liability coverage protects against claims such as court costs, legal defense fees and bail bonds. How much liability should you purchase? That is a personal decision, but consider buying as large an amount as possible.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle from other motorists when they 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 have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Collision coverage

This coverage will pay to fix damage to your Five Hundred from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as sideswiping another vehicle, driving through your garage door and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to bring the cost down.

In Summary

We just presented some good ideas how you can lower your 1994 Ford Five Hundred insurance rates. It’s most important to understand that the more price quotes you have, the better your chances of lowering your rates. You may even discover the lowest premiums are with a small mutual company. Regional companies often have lower prices on specific markets than the large multi-state companies such as Allstate or State Farm.

Budget-conscious insurance can be bought on the web and also from your neighborhood agents, and you should be comparing both so you have a total pricing picture. Some insurance companies may not provide you the ability to get quotes online and these regional insurance providers work with independent agents.

While you’re price shopping online, you should never reduce needed coverages to save money. There are too many instances where someone sacrificed collision coverage and discovered at claim time they didn’t purchase enough coverage. The proper strategy is to get the best coverage possible at the best price while still protecting your assets.

Even more information can be found at these sites: