How Much Does 1998 Ford Five Hundred Insurance Cost?

Overpriced Ford Five Hundred insurance can empty your bank account and force you to make sacrifices. Comparison shopping is free and is an excellent way to slash your bill and have more diposable income. Having so many online and local companies to choose from, it is very difficult to locate the cheapest provider.

It is always a good idea to compare rates on a regular basis since rates trend upward over time. Even if you got the best price for Five Hundred coverage a few years ago there is a good chance you can find better rates now. So forget anything you know (or think you know) about auto insurance because you’re going to learn the things you must know in order to remove unneeded coverages and save money.

This information will tell you how car insurance quotes work. If you currently have car insurance, you will most likely be able to reduce your rates substantially using this strategy. Drivers only need an understanding of how to buy insurance over the internet.

Car Insurance Prices Online

There are multiple methods you can shop for 1998 Ford Five Hundred car insurance but some are less time-consuming than others. You could spend the better part of a day driving to local insurance agents in your area, or you could use the internet to get rates in a matter of minutes.

All the larger companies participate in an industry program where insurance shoppers only type in their quote data once, and each company can provide price quotes based on that information. This system prevents you from having to do quote requests to each company.

To use this form to compare 1998 Ford Five Hundred insurance rates click here to start a free quote.

The only downside to using this type of system is you are unable to specify which companies to receive prices from. If you prefer to choose individual companies to compare rates, we put together a list of car insurance companies in your area. Click here to view list.

However you get your quotes, double check that you are using exactly the same coverage information for every quote you compare. If you use unequal deductibles or liability limits you will not be able to determine the lowest rate for your Ford Five Hundred.

Save with discounts on Ford Five Hundred insurance

The cost of insuring your cars can be expensive, but discounts can save money and there are some available that you may not even be aware of. Most are applied when you complete an application, but some may not be applied and must be requested specifically prior to getting the savings. If you’re not getting every credit you deserve, you are paying more than you should be.

  • Federal Government Employee – Active or retired federal employment can earn a discount up to 10% for Five Hundred coverage with certain companies.
  • One Accident Forgiven – Certain companies permit an accident before your rates go up if you are claim-free for a certain period of time.
  • Homeowners Savings – Simply owning a home may trigger a car insurance policy discount due to the fact that maintaining a home demonstrates responsibility.
  • Passive Restraints – Vehicles equipped with air bags or automatic seat belts can qualify for discounts of 20% or more.
  • Low Mileage – Fewer annual miles on your Ford could qualify for lower rates on the low mileage vehicles.

Consumers should know that many deductions do not apply to all coverage premiums. A few only apply to individual premiums such as comp or med pay. Even though it may seem like it’s possible to get free car insurance, you’re out of luck. But all discounts will help reduce your premiums.

For a list of insurers with discount car insurance rates, click here to view.

Tailor your coverage to you

When buying coverage for your personal vehicles, there is no cookie cutter policy. Coverage needs to be tailored to your specific needs so your insurance should reflect that For example, these questions might point out if your insurance needs could use an agent’s help.

  • Does my liability insurance cover pulling a trailer or camper?
  • Am I covered if I break a side mirror?
  • Do I need added coverage for expensive stereo equipment?
  • Are rental cars covered under my policy?
  • How do I buy GAP insurance?
  • Am I getting all the discounts available?
  • What is PIP insurance?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Is pleasure use cheaper than using my 1998 Ford Five Hundred to commute?
  • Why am I be forced to buy a membership to get insurance from some companies?

If you can’t answer these questions but one or more may apply to you then you might want to talk 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 provide invaluable advice.

Ford Five Hundred insurance rates consist of many parts

An important part of buying insurance is that you know the rating factors that play a part in calculating your insurance rates. Knowing what impacts premium levels enables informed choices that can help you get much lower annual insurance costs.

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

  • Your location affects your rates – Living in a rural area can be a good thing when talking about insurance. Fewer people means a lower chance of having an accident as well as less vandalism and auto theft. Urban drivers have much more traffic to deal with and longer commutes to work. More time commuting means higher likelihood of an accident.
  • Poor credit can mean higher rates – Having a bad credit rating is a big factor in determining what you pay for insurance. Consumers who have excellent credit tend to be less risk to insure as compared to drivers with lower ratings. Therefore, if your credit rating can use some improvement, you could pay less to insure your 1998 Ford Five Hundred by repairing your credit.
  • Pay less after the wedding – Getting married can get you a discount on your insurance policy. Marriage is viewed as being more mature and it’s statistically proven that married couples file fewer claims.
  • Older drivers save more – Teen drivers have a tendency to be less responsible when driving so they pay higher insurance rates. Adding a youthful driver onto your insurance can really hurt. More mature drivers tend to be more responsible, tend to cause fewer accidents and tend to be better behind the wheel.

Switch companies and save? Really?

Consumers can’t get away from ads that promise big savings by State Farm, Geico and Progressive. All the ads make an identical promise that you’ll save big if you change to their company.

How does each company make almost identical claims? This is how they do it.

Different companies have a preferred profile for the type of driver they prefer to insure. A good example of a desirable insured could be between the ages of 40 and 55, has no tickets, and has great credit. A customer who meets those qualifications will get the preferred rates and as a result will probably save when switching.

Potential customers who are not a match for these standards will be charged more money which leads to business going elsewhere. The ads state “customers that switch” not “everybody who quotes” save that much. This is how companies can truthfully state the savings.

That is why you absolutely need to quote coverage with many companies. It’s just too difficult to predict which insurance companies will give you the biggest savings on Ford Five Hundred insurance.

Car insurance policy coverages for a 1998 Ford Five Hundred

Understanding the coverages of your policy aids in choosing appropriate coverage for your vehicles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. Listed below are the normal coverages available from car insurance companies.

Liability car insurance

Liability insurance will cover injuries or damage you cause to other’s property or people by causing an accident. It protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.

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 limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000. Alternatively, you may have one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability can pay for claims such as loss of income, emergency aid and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a personal decision, but consider buying as high a limit as you can afford.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your Ford Five Hundred.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Usually the UM/UIM limits are similar to your liability insurance amounts.

Collision coverage

Collision insurance pays for damage to your Five Hundred from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like scraping a guard rail, damaging your car on a curb and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Drivers also have the option to bump up the deductible to save money on collision insurance.

Comprehensive protection

This pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like hitting a deer, damage from flooding, hitting a bird and hail damage. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Medical expense coverage

Med pay and PIP coverage provide coverage for immediate expenses for things like chiropractic care, EMT expenses and hospital visits. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants in addition to if you are hit as a while walking down the street. PIP is not universally available but can be used in place of medical payments coverage

Be a money saver!

As you prepare to switch companies, it’s a bad idea to buy less coverage just to save a little money. There are too many instances where someone sacrificed liability limits or collision coverage only to regret at claim time they didn’t have enough coverage. Your strategy should be to purchase a proper amount of coverage at a price you can afford while not skimping on critical coverages.

Cheap 1998 Ford Five Hundred insurance can be found online as well as from independent agents, so you should compare both in order to have the best chance of saving money. There are still a few companies who don’t offer online price quotes and most of the time these small insurance companies sell through independent agents.

To read more, feel free to browse the following helpful articles: