Save on 1995 Ford Five Hundred Insurance Rates

Want the cheapest car insurance rates for your Ford Five Hundred? Saving money on car insurance is always a challenge for beginners to shopping for insurance online. Drivers have so many companies to choose from that it can turn into a real hassle to find lower rates.

This article will help you learn how to effectively get price quotes. If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using this strategy. But drivers do need to know the methods companies use to market insurance on the web and take advantage of how the system works.

The most recommended method to compare car insurance rates is to know the fact almost all companies will pay a fee to give free rates quotes. All you need to do is provide a small amount of information including if your license is active, whether you are married, whether your vehicle is owned or leased, and what your job is. Your information is instantly provided to multiple top-rated companies and they return cost estimate with very little delay.

To compare rates for a Ford Five Hundred now, click here then complete the form.

Discounts mean cheaper Ford Five Hundred insurance rates

The cost of insuring your cars can be expensive, but you may find discounts that many people don’t even know exist. Certain discounts will be triggered automatically at the time you complete a quote, but a few need to be manually applied before you get the savings.

  • Anti-lock Brake System – Vehicles with anti-lock braking systems prevent accidents and will save you 10% or more.
  • Accident Free – Good drivers with no accidents pay much less when compared to frequent claim filers.
  • Government Employees – Employees or retirees of the government may qualify you for a discount on Five Hundred insurance depending on your company.
  • Auto/Life Discount – Select insurance companies reward you with a discount if you purchase life insurance from them.
  • Accident Waiver – Certain companies will allow you to have one accident before hitting you with a surcharge if you are claim-free for a particular time prior to the accident.
  • Drivers Education – Have your child successfully complete driver’s ed class if offered at their school.
  • New Vehicle Savings – Adding a new car to your policy can cost up to 25% less due to better safety requirements for new cars.
  • Senior Discount – Older drivers may be able to get a discount up to 10% on Five Hundred insurance.

Consumers should know that most credits do not apply to the entire cost. Most only reduce the cost of specific coverages such as comprehensive or collision. So when the math indicates all those discounts means the company will pay you, companies don’t profit that way. But all discounts will cut your premiums.

Companies that possibly offer these benefits include:

Double check with each company what discounts are available to you. Savings might not apply in every state.

Pieces of the Ford Five Hundred insurance rate puzzle

An important part of buying insurance is that you know the different types of things that go into determining insurance rates. Understanding what impacts premium levels enables informed choices that can help you get much lower annual insurance costs.

Listed below are a few of the “ingredients” insurance companies consider when setting your rates.

  • Higher safety ratings means cheaper insurance – Vehicles with good safety scores get lower rates. Safer cars have better occupant injury protection and fewer injuries means lower claim amounts and lower rates for you. If your Ford Five Hundred scored better than four stars on Safercar.gov you are probably receiving a discount.
  • Small claims can cost you – Insurance companies provide lower rates to policyholders who are claim-free. If you file claims often, you can expect either a policy non-renewal or much higher rates. Your insurance policy is designed for major claims that would cause financial hardship.
  • Traffic violations increase rates – Your driving citation history has a big impact on rates. Just one ticket can bump up the cost forty percent or more. Drivers who don’t get tickets have lower premiums than their less careful counterparts. Drivers who have dangerous citations such as DUI or reckless driving may need to submit a SR-22 form with the DMV in their state in order to prevent a license revocation.
  • Do you have enough liability coverage? – Your policy’s liability coverage is the coverage that protects you when a court rules you are at fault for damages from an accident. Liability insurance provides for a legal defense which can be incredibly expensive. Liability insurance is quite affordable as compared to coverage for physical damage, so do not skimp.
  • Discounts for married couples – Having a spouse can actually save you money on insurance. Having a significant other is viewed as being more mature than a single person it has been statistically shown that being married results in fewer claims.
  • High credit ratings translate to low rates – A driver’s credit score is a important factor in your rate calculation. If your credit rating is lower than you’d like, you could save money insuring your 1995 Ford Five Hundred by spending a little time repairing your credit. Drivers with high credit scores tend to file fewer claims and have better driving records as compared to drivers with poor credit.
  • Don’t let your coverage lapse – Driving without insurance is illegal and you will pay a penalty because you let your coverage lapse. Not only will you pay more, failure to provide proof of insurance might get you a hefty fine and possibly a revoked license.You may have to prove you have insurance by filing a SR-22 with your state motor vehicle department to get your license reinstated.
  • Older drivers save more – Mature drivers are more responsible, tend to cause fewer accidents and get fewer tickets. Teen drivers have a tendency to be more careless in a vehicle and because of this, their insurance rates are much higher.

Tailor your coverage to you

When it comes to choosing the best car insurance coverage for your personal vehicles, there is no best way to insure your cars. Everyone’s needs are different.

For example, these questions might point out if your situation would benefit from professional advice.

  • Can my teen drive my company car?
  • How can I get high-risk coverage after a DUI?
  • Is business property covered if stolen from my car?
  • If my pet gets injured in an accident are they covered?
  • How much liability do I need to cover my assets?
  • Is my nanny covered when driving my vehicle?

If you can’t answer these questions, you may need to chat with a licensed agent. To find an agent in your area, complete this form.

Don’t be fooled by advertising claims

Companies like State Farm, Geico and Progressive continually stream ads in print and on television. All the ads have a common claim that you’ll save big after switching to them. How does each company make almost identical claims?

Insurance companies can use profiling for the right customer they prefer to insure. For example, a preferred risk could possibly be between 30 and 50, insures multiple vehicles, and drives less than 7,500 miles a year. A driver who matches those parameters will qualify for the lowest rates and therefore will save when switching.

Potential customers who don’t qualify for the “perfect” profile will be charged a more expensive rate and ends up with business not being written. The ads say “people who switch” not “everyone that quotes” save that much. This is how companies can truthfully state the savings.

That is why you absolutely need to get a wide range of price quotes. It’s just too difficult to predict which insurance companies will fit your personal profile best.

Car insurance coverages for a 1995 Ford Five Hundred

Learning about specific coverages of your insurance policy aids in choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring.

Comprehensive or Other Than Collision

This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like fire damage, vandalism, hitting a bird, hail damage and rock chips in glass. The maximum payout your insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

UM/UIM Coverage

This protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your Ford Five Hundred.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Auto collision coverage

Collision coverage covers damage to your Five Hundred from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as hitting a parking meter, colliding with a tree, sideswiping another vehicle and backing into a parked car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage pay for expenses like ambulance fees, hospital visits, rehabilitation expenses, doctor visits and pain medications. They can be used to fill the gap from your health insurance program or if there is no health insurance coverage. They cover both the driver and occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not an option in every state and may carry a deductible

Liability auto insurance

Liability insurance can cover damage or injury you incur to other’s property or people in an accident. This coverage protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 50/100/50 that translate to a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Occasionally you may see a combined limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for claims like attorney fees, structural damage, medical expenses, repair costs for stationary objects and loss of income. How much liability should you purchase? That is a personal decision, but buy as large an amount as possible.

Money doesn’t grow on trees

Low-cost 1995 Ford Five Hundred insurance can be purchased on the web and also from your neighborhood agents, so you should compare both to have the best chance of lowering rates. Some companies may not provide online price quotes and many times these small insurance companies only sell through independent insurance agents.

When trying to cut insurance costs, never buy less coverage just to save a little money. In many instances, someone dropped physical damage coverage only to discover later they didn’t purchase enough coverage. Your strategy should be to get the best coverage possible for the lowest price, not the least amount of coverage.

Consumers who switch companies do it for any number of reasons including extreme rates for teen drivers, policy cancellation, delays in responding to claim requests or even not issuing a premium refund. Whatever your reason, switching companies is not as difficult as it may seem.

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