2012 Ford Five Hundred Insurance Cost – 8 Tricks for Cheaper Prices

Did you fall for a flashy sales pitch and buy an overpriced car insurance policy? Trust us when we tell you you’re not alone. Popular companies such as Geico and Progressive persitently shower you with ad campaigns and it is difficult to sift through the bull and take the time to shop coverage around.

It’s important to compare prices once or twice a year since rates change quite often. Even if you think you had the best price for Five Hundred insurance last year you may be paying too much now. Don’t believe everything you read about car insurance online but we’re going to give you the best ways to find cheap car insurance.

If you have a current car insurance policy or are just looking to switch companies, you can use these tips to find the best rates while maximizing coverage. Buying car insurance is not rocket science. Drivers only need an understanding of the proper methods to buy car insurance on the web.

Save on 2012 Ford Five Hundred insurance

Insuring your fleet can be pricey, but discounts can save money and there are some available that you may not even be aware of. Some discounts apply automatically when you get a quote, but some may not be applied and must be inquired about prior to getting the savings. If they aren’t giving you every credit you qualify for, you’re paying more than you need to.

  • Seat Belt Usage – Requiring all passengers to wear their seat belts can save 10% or more off your medical payments premium.
  • Multiple Cars – Having all your vehicles on the same auto insurance policy may reduce the rate for each vehicle.
  • Drivers Ed for Students – Require your teen driver to complete a driver education course if it’s offered in school.
  • Good Student – Getting good grades can earn a discount of 20% or more. The good student discount can last up until you turn 25.
  • Anti-theft System – Vehicles with anti-theft systems prevent vehicle theft and will save you 10% or more.
  • Safe Driver Discount – Drivers who avoid accidents may receive a discount up to 45% less for Five Hundred insurance than drivers with accidents.
  • Senior Discount – Mature drivers can possibly qualify for better auto insurance rates for Five Hundred insurance.
  • Auto/Life Discount – Larger companies have a break if you buy life insurance from them.

Keep in mind that some of the credits will not apply to the entire cost. A few only apply to individual premiums such as comprehensive or collision. Even though it may seem like you would end up receiving a 100% discount, companies don’t profit that way. But all discounts will reduce the cost of coverage.

Companies that possibly offer some of the above discounts include:

Before buying, ask each insurance company what discounts are available to you. Some discounts might not apply in every state.

Tailor your coverage to you

When buying the best insurance coverage, there is no best way to insure your cars. Everyone’s needs are different and your policy should reflect that. For instance, these questions may help highlight if your insurance needs will benefit from professional help.

  • What is the difference between comprehensive and collision coverage?
  • What if I don’t agree with a claim settlement offer?
  • Will filing a claim cost me more?
  • Why is insurance for a teen driver so high?
  • Does my personal policy cover me when driving out-of-state?
  • What if I owe more than I can insure my car for?
  • Am I covered when driving a rental car?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Car insurance ads bend the truth

Consumers get pounded daily by advertisements for car insurance savings by State Farm and Allstate. All the ads make an identical promise that you can save if you move to their company.

How can each company claim to save you money? This is how they do it.

Insurance companies are able to cherry pick for the driver they prefer to insure. A good example of a profitable customer could be a mature driver, insures multiple vehicles, and drives newer vehicles. A customer who fits that profile is entitled to the best price and as a result will probably save quite a bit of money when switching.

Drivers who don’t measure up to these standards will have to pay a higher premium and this can result in the driver buying from a lower-cost company. The ads state “people who switch” not “everybody who quotes” save that much. That’s the way companies can make the claims of big savings.

Because of the profiling, drivers should get a wide range of price quotes. Because you never know which insurance companies will fit your personal profile best.

Car insurance coverages for a Ford Five Hundred

Knowing the specifics of your insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. Insurance terms can be confusing and coverage can change by endorsement. Shown next are typical coverages found on the average insurance policy.

Auto collision coverage

This coverage pays for damage to your Five Hundred from colliding with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as crashing into a building, crashing into a ditch, backing into a parked car and rolling your car. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Auto liability

Liability insurance will cover damage that occurs to other’s property or people in an accident. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 25/50/25 which means a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Occasionally you may see one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things like medical services, medical expenses, repair bills for other people’s vehicles and emergency aid. How much liability should you purchase? That is a personal decision, but consider buying higher limits if possible.

Comprehensive insurance

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers claims like vandalism, damage from flooding and hitting a bird. The most your insurance company will pay is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection from other drivers when they 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 2012 Ford Five Hundred.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time these coverages do not exceed the liability coverage limits.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses such as doctor visits, X-ray expenses, EMT expenses and chiropractic care. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. It covers you and your occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Knowledge is power

As you shop your coverage around, never reduce coverage to reduce premium. There are too many instances where consumers will sacrifice physical damage coverage and discovered at claim time they didn’t have enough coverage. The ultimate goal is to buy a smart amount of coverage at an affordable rate, not the least amount of coverage.

In this article, we presented some good ideas how you can shop for 2012 Ford Five Hundred insurance online. It’s most important to understand that the more rate comparisons you have, the better your chances of lowering your rates. You may even find the best price on insurance coverage is with the smaller companies. These companies may only write in your state and offer lower rates than the large multi-state companies such as Allstate and Progressive.

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