How Much Does 1990 Ford Five Hundred Insurance Cost?

Want cheaper insurance rates? Drivers have options when trying to find affordable Ford Five Hundred insurance. They can either spend hours struggling with agents to get rate comparisons or leverage the internet to make rate comparisons.

There are both good and bad ways to buy insurance and you need to know the best way to quote coverages for a new or used Ford and get the lowest price either online or from local insurance agents.

It’s smart to compare prices periodically due to the fact that insurance prices trend upward over time. Just because you found the best deal for Five Hundred insurance on your last policy you can probably find a lower rate today. There are lots of tips to save on insurance online, but I’m going to show you some great ways to lower your insurance bill.

Lower rates by qualifying for discounts

Insuring your vehicles can cost a lot, but you can get discounts to cut the cost considerably. Most are applied when you quote, but lesser-known reductions have to be manually applied before you get the savings.

• Seat Belt Usage – Drivers who always wear seat belts and also require passengers to use their safety belts can save a little off PIP or medical payments premium.
• Accident Free – Insureds with no claims or accidents get the best insurance coverage rates as opposed to bad drivers.
• Home Ownership Discount – Being a homeowner may trigger a policy discount on insurance coverage since owning and maintaining a home means you have a higher level of financial diligence.
• Safety Course Discount – Taking time to complete a safe driver course could possibly earn you a 5% discount if your company offers it.
• Accident Waiver – Not a discount per se, but certain companies will turn a blind eye to one accident without raising rates with the catch being you have to be claim-free for a certain period of time.
• Multi-car Discount – Having multiple vehicles with the same insurance coverage company can reduce rates for all insured vehicles.
• Drivers Ed for Students – Have your child successfully complete driver’s ed class if offered at their school.

A quick disclaimer, most credits do not apply to your bottom line cost. Most only apply to specific coverage prices like collision or personal injury protection. Just because you may think all those discounts means the company will pay you, you’re out of luck.

A few popular companies and some of the discounts are outlined below.

• State Farm offers discounts including Drive Safe & Save, anti-theft, good student, passive restraint, and multiple policy.
• Farmers Insurance may include discounts for electronic funds transfer, switch companies, teen driver, good student, mature driver, alternative fuel, and distant student.
• Geico may have discounts that include multi-vehicle, military active duty, emergency military deployment, anti-theft, and air bags.
• American Family policyholders can earn discounts including air bags, good driver, bundled insurance, mySafetyValet, good student, multi-vehicle, and defensive driver.
• Nationwide offers premium reductions for easy pay, Farm Bureau membership, defensive driving, multi-policy, anti-theft, accident-free, and family plan.
• Progressive discounts include online signing, homeowner, multi-policy, multi-vehicle, continuous coverage, online quote discount, and good student.

If you need lower rates, check with each company which discounts can lower your rates. Depending on the company, some discounts might not be offered on policies in your area.

Insurance is unique, just like you

When it comes to buying proper insurance coverage, there really is not a one size fits all plan. Every insured’s situation is different.

Here are some questions about coverages that can aid in determining if your insurance needs may require specific advice.

• Is my state a no-fault state?
• Do I pay less if my vehicle is kept in my garage?
• When can my company non-renew my policy?
• How much liability insurance is required?
• Is rental equipment covered for theft or damage?
• Is motorclub coverage worth it?
• Is my cargo covered for damage or theft?

If you’re not sure about those questions but a few of them apply then you might want to talk to a licensed agent. To find lower rates from a local agent, simply complete this short form. It is quick, free and you can get the answers you need.

Insurance coverages 101

Having a good grasp of your policy can be of help when determining the right coverages at the best deductibles and correct limits. Insurance terms can be confusing and reading a policy is terribly boring.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for dental work, chiropractic care, surgery and X-ray expenses. They can be used in conjunction with a health insurance program or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not universally available but can be used in place of medical payments coverage

Comprehensive or Other Than Collision

This pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like damage from flooding, a broken windshield, rock chips in glass, damage from getting keyed and falling objects. The highest amount your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Auto liability insurance

Liability coverage provides protection from injuries or damage you cause to other’s property or people by causing an accident. This coverage protects you from claims by other people. It does not cover your injuries or vehicle damage.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 25/50/25 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability insurance covers claims like bail bonds, funeral expenses and medical services. How much liability should you purchase? That is up to you, but buy higher limits if possible.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your 1990 Ford Five Hundred.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Normally the UM/UIM limits do not exceed the liability coverage limits.

Collision coverage

Collision coverage covers damage to your Five Hundred resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things such as sideswiping another vehicle, hitting a parking meter and hitting a mailbox. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Final considerations

Drivers who switch companies do it for a number of reasons such as policy cancellation, not issuing a premium refund, extreme rates for teen drivers and even high rates after DUI convictions. It doesn’t matter why you want to switch choosing a new insurance company is actually quite simple.

Affordable 1990 Ford Five Hundred insurance can be found from both online companies as well as from insurance agents, so you should be comparing quotes from both so you have a total pricing picture. There are still a few companies who may not provide price quotes online and usually these regional insurance providers work with local independent agencies.

We just presented a lot of ways to compare 1990 Ford Five Hundred insurance premium rates online. The most important thing to understand is the more companies you get prices for, the better your chances of lowering your prices. You may be surprised to find that the lowest premium rates come from some of the lesser-known companies.

More resources

• Insuring a Leased Car (Insurance Information Insitute)
• Distracted Driving Statistics (Insurance Information Insitute)
• What does Personal Injury Protection (PIP) Cover? (Allstate)
• What if I Can’t Find Coverage? (Insurance Information Insitute)
• Distracted Driving Extends Beyond Texting (State Farm)
• Bodily Injury Coverage (Liberty Mutual)