2007 Ford Five Hundred Insurance Quotes – 8 Tips to Save

Want lower insurance coverage rates? Drivers have lots of choices when trying to find affordable Ford Five Hundred insurance. You can either waste hours calling around getting price quotes or save time using the internet to find the lowest rates.

There are more efficient ways to shop for insurance coverage and you need to know the proper way to compare rates for your Ford and locate the cheapest rates from both online companies and local agents.

You need to do rate comparisons occasionally because rates are rarely the same from one policy term to another. Despite the fact that you may have had the best rates on Five Hundred coverage on your last policy you can probably find a lower rate today. So just forget all the misinformation about insurance coverage because I’m going to teach you how to use online quotes to save on insurance coverage.

This information will teach you how to get online quotes and some tricks to saving. If you are paying for car insurance now, you stand a good chance to be able to save some money using this information. Drivers just need to learn the proper methods to compare prices over the internet.

Insurance Coverage Prices Online

There are multiple methods to compare 2007 Ford Five Hundred insurance coverage prices but there is one way that is less labor-intensive and much quicker. You can waste a few hours (or days) discussing policy coverages with local insurance agents in your area, or you could use online quotes to maximize your effort.

Many companies take part in a program that enables customers to enter their coverage request one time, and each company returns a competitive quote based on that information. This prevents consumers from doing form submissions for each company you want a rate for.

To submit your quote information now, click here to open in new window.

One minor caviat to using this type of system is that you can’t choose the insurers to get pricing from. So if you prefer to pick from a list of companies to compare rates, we have a page of companies who write insurance coverage in your area. View list of insurance companies.

It’s your choice how you get your quotes, but make absolute certain that you use apples-to-apples coverages with each company. If the quotes have different deductibles you can’t possibly truly determine the lowest rate.

Discounts can save BIG

Car insurance can cost a lot, but you can get discounts that you may not even be aware of. Most are applied when you purchase, but a few need to be asked for before being credited. If they aren’t giving you every credit you deserve, you’re paying more than you need to.

  • Resident Student – Kids in college who attend school more than 100 miles from home and do not have access to a covered vehicle may qualify for this discount.
  • Driver Safety – Taking a defensive driving course could save 5% or more depending on where you live.
  • Seat Belt Usage – Buckling up and requiring all passengers to use a seat belt could save 15% off the personal injury premium cost.
  • Life Insurance – Larger companies have lower rates if you buy a life insurance policy as well.
  • Theft Prevention Discount – Cars that have factory anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
  • Claim Free – Drivers who don’t have accidents pay much less as compared to accident-prone drivers.
  • New Car Discount – Putting insurance coverage on a new car can be considerably cheaper compared to insuring an older model.
  • Multiple Vehicles – Buying insurance for multiple vehicles on one policy can get a discount on all vehicles.

Keep in mind that many deductions do not apply to your bottom line cost. Most only cut individual premiums such as comprehensive or collision. So even though it sounds like adding up those discounts means a free policy, you’re out of luck. Any qualifying discounts will bring down the cost of coverage.

Insurance companies who might offer these discounts include:

It’s a good idea to ask all companies you are considering how you can save money. Savings may not be available in every state.

Will just any policy work for me?

When buying adequate coverage for your vehicles, there is no “perfect” insurance plan. Everyone’s needs are different.

These are some specific questions can help discover if you could use an agent’s help.

  • Is borrowed equipment or tools covered if stolen or damaged?
  • Can I get a multi-policy discount?
  • Does my insurance cover a custom paint job?
  • Are there companies who specialize in insuring high-risk drivers?
  • What discounts do I qualify for?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • What happens if I owe more than my 2007 Ford Five Hundred is worth?
  • Should I waive the damage coverage when renting a car?
  • Should I have combined single limit or split liability limits?

If you can’t answer these questions but you know they apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, fill out this quick form. It only takes a few minutes and you can get the answers you need.

Car insurance specifics

Learning about specific coverages of your car insurance policy aids in choosing appropriate coverage for your vehicles. Car insurance terms can be ambiguous and even agents have difficulty translating policy wording.

Coverage for collisions

Collision coverage covers damage to your Five Hundred from colliding with an object or car. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims such as scraping a guard rail, hitting a parking meter and crashing into a building. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

Comprehensive auto coverage

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

Comprehensive coverage protects against claims like damage from flooding, hitting a bird and hitting a deer. The highest amount your car insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage gives you protection when other motorists either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your Ford Five Hundred.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually these coverages do not exceed the liability coverage limits.

Coverage for liability

This coverage protects you from damages or injuries you inflict on other’s property or people. It protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Alternatively, you may have one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.

Liability insurance covers things such as repair bills for other people’s vehicles, attorney fees and court costs. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage pay for expenses like hospital visits, prosthetic devices, rehabilitation expenses and EMT expenses. They are utilized in addition to your health insurance plan or if you are not covered by health insurance. They cover you and your occupants as well as being hit by a car walking across the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

A penny earned…

Throughout this article, we presented many tips how you can lower your 2007 Ford Five Hundred insurance rates. It’s most important to understand that the more quotes you get, the better likelihood of reducing your rate. You may be surprised to find that the lowest priced car insurance comes from some of the smallest insurance companies.

Drivers leave their current company for any number of reasons including lack of trust in their agent, policy cancellation, being labeled a high risk driver or even an unsatisfactory settlement offer. No matter why you want to switch, finding a new company can be easy and end up saving you some money.

As you restructure your insurance plan, you should never skimp on critical coverages to save a buck or two. In many cases, an accident victim reduced liability limits or collision coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy the best coverage you can find at a price you can afford, not the least amount of coverage.

To learn more, feel free to browse these articles: