Cheaper 1991 Ford Five Hundred Car Insurance Rates

Trying to find better auto insurance rates for your Ford Five Hundred? Having to pay for overpriced auto insurance can stress out your checking account and force you to prioritize other expenses. Comparing rate quotes can be a smart way to make ends meet.

Companies like Progressive, State Farm and GEICO all claim big savings, bombarding you with ads and it is challenging if not impossible to see through the cute green geckos and mayhem and do the work needed to find the best deal.

How do insurers determine Ford Five Hundred insurance costs?

Part of the insurance coverage buying process is learning some of the elements that aid in calculating the price you pay for insurance coverage. When you understand what determines base rates, this allows you to make good choices that could help you find cheaper rates.

  • Raising comp and collision deductibles lowers costs – Coverage for physical damage, also called comprehensive and collision insurance, is used to repair damage to your vehicle. A few examples of covered claims would be running into the backend of another car, damage caused by hail, and rolling your vehicle. Deductibles for physical damage are the amount of money you are willing to pay if a claim is determined to be covered. The more of the claim you pay before a claim is paid (deductible), the lower your rates will be on Five Hundred insurance.
  • Single drivers take more risk – Walking down the aisle can actually save you money when shopping for insurance coverage. Having a significant other generally demonstrates drivers are more mature and responsible and it’s statistically proven that married couples file fewer claims.
  • Rural vs Urban Areas – Choosing to live in a small town has it’s advantages when shopping for auto insurance. Fewer drivers and short commutes corresponds to lower accident rates. Urban drivers regularly have more road rage incidents and a longer drive to work. The longer drive time means a statistically higher chance of an accident.
  • Stay claim-free and save money – Insurance companies award most affordable rates to policyholders that do not abuse their auto insurance. If you tend to file frequent claims, you can pretty much guarantee higher premiums or even policy non-renewal. Auto insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • Do safer cars cost less to insure? – Safer cars can get you lower premiums. Vehicles built for safety reduce occupant injuries and lower injury rates means your insurance company pays less which can mean better rates for you. If the Ford Five Hundred earned at least four stars on Safercar.gov you may qualify for a discount.
  • Insure your auto and home with one company – Most larger insurance companies afford better rates to customers who have multiple policies with them, otherwise known as a multi-policy discount. The amount of the discounts can be five, ten or even twenty percent. Even if you already get this discount, it’s in your best interest to get quotes from other companies to help guarantee you have the best rates. It’s possible to still find lower rates even if you insure with multiple companies
  • Deter vehicle theft – Choosing to buy a car that has a built-in theft deterrent system can help lower your premiums. Anti-theft devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all help prevent car theft.

Shop auto insurance online

Cutting your auto insurance rates is a great way to save money. Consumers just need to invest a few minutes to compare free insurance quotes to find. Insurance prices can be quoted using a couple different methods.

  1. The most recommended method to get the best comparison quotes is an all-inclusive rate comparison (click to open form in new window). This type of form keeps you from doing repetitive form entry for each price estimate. One quote request gets insurance cost estimates from auto insurance companies with the best prices.
  2. A slightly less efficient method to get quotes online requires a visit to the website for each individual company to request a price quote. For sake of this example, let’s assume you want comparison quotes from Farmers, Allstate and Progressive. To get rate quotes you would need to go to every website and enter your information, and that explains why we recommend the first method.

    For a handy list of car insurance company links in your area, click here.

  3. The least efficient and most time consuming method to price shop rates is going to insurance agents’ offices. Comparing online rate quotes eliminates the middleman unless you require the extra assistance that can only be provided by a licensed insurance agent. If you prefer, some companies allow you to price shop online but purchase the actual policy in an agency.

You can use whichever method you prefer to find lower rates, just do your best to enter equivalent coverage limits on every quote you get. If your comparisons have different liability limits it will be nearly impossible to truly determine the lowest rate.

Don’t believe everything you hear

Consumers can’t get away from ads that claim the best premium rates by companies like State Farm and Allstate. All the ads have a common claim that people will save just by moving your policy.

How do they all give you a better price? This is the way they can do it.

All the different companies have a preferred profile for the type of driver that will most likely be profitable. For example, this type of risk profile could possibly be over age 30, has had continuous coverage, and drives less than 10,000 miles a year. Any customer that fits those parameters is entitled to the best price and have a good chance to save money with a new company.

Drivers who are not a match for the ideal profile will get higher rates and this can result in the customer buying from someone else. The ads state “customers that switch” not “everyone that quotes” can save as much as they claim. That’s why insurance companies can make the claims of big savings. This really drives home the point why drivers should get insurance quotes from several different companies. Because you never know which insurance companies will provide you with the cheapest rates.

Insurance coverage policy discounts you can’t miss

Some insurers do not advertise every discount they offer in a way that’s easy to find, so the following is a list of a few of the more well known as well as the least known credits available to you.

  • Drive Less and Save – Driving less could be rewarded with lower insurance coveragerates on the low mileage vehicles.
  • Accident Free – Insureds with no claims or accidents can save substantially when compared with drivers who are more careless.
  • Bundled Policy Discount – If you can bundle your auto and home insurance with one company you may earn as much as 10 to 15 percent.
  • Student Discounts – A discount for being a good student may save you up to 25%. The good student discount can last until age 25.
  • Discounts for Federal Employees – Being employed by or retired from a federal job could provide a small rate reduction on Five Hundred insurance with a few insurance coverage companies.
  • Clubs and Organizations – Being in a qualifying organization could earn you a nice discount on insurance coverage.

One thing to note about discounts is that many deductions do not apply to your bottom line cost. A few only apply to the cost of specific coverages such as medical payments or collision. Just because you may think you would end up receiving a 100% discount, that’s just not realistic.

Auto insurance companies that may include these discounts include:

Before purchasing a policy, check with every prospective company to give you their best rates. Some of the earlier mentioned discounts might not be offered everywhere. To see providers who offer free insurance coverage quotes, click this link.

Insurance agents can help

When it comes to buying the right insurance coverage, there really is no “best” method to buy coverage. Everyone’s situation is a little different and your policy should reflect that. For instance, these questions may help highlight whether or not you would benefit from an agent’s advice.

  • Can I afford to pay high deductible claims out of pocket?
  • Will my insurance pay for OEM parts?
  • When should I buy a commercial auto policy?
  • How high should deductibles be on a 1991 Ford Five Hundred?
  • Is my 1991 Ford Five Hundred covered for flood damage?
  • Are my friends covered when driving my 1991 Ford Five Hundred?
  • Is rental equipment covered for theft or damage?
  • What if I total my 1991 Ford Five Hundred and owe more than it’s worth?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies. It is quick, free and may give you better protection.

Detailed coverages of your car insurance policy

Having a good grasp of your policy can be of help when determining the right coverages and the correct deductibles and limits. Car insurance terms can be confusing and reading a policy is terribly boring. These are typical coverage types available from car insurance companies.

Medical costs insurance – Coverage for medical payments and/or PIP pay for bills for surgery, prosthetic devices, nursing services and rehabilitation expenses. They are often used in conjunction with a health insurance program or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Liability coverage – This coverage provides protection from damage or injury you incur to other people or property in an accident. It protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability can pay for claims such as attorney fees, structural damage and repair bills for other people’s vehicles. The amount of liability coverage you purchase is your choice, but consider buying higher limits if possible.

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your 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 important protection for you and your family.

Collision coverages – Collision coverage pays for damage to your Five Hundred caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like scraping a guard rail, hitting a parking meter, colliding with a tree, crashing into a ditch and rolling your car. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible in order to get cheaper collision rates.

Comprehensive or Other Than Collision – Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like damage from getting keyed, hitting a bird, damage from flooding and a broken windshield. The most your car insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Knowledge is power

As you go through the steps to switch your coverage, make sure you don’t sacrifice coverage to reduce premiums. There have been many situations where someone dropped full coverage only to find out that their decision to reduce coverage ended up costing them more. Your focus should be to buy the best coverage you can find at a price you can afford and still be able to protect your assets.

You just read a lot of ways to save on 1991 Ford Five Hundred insurance. The most important thing to understand is the more quotes you get, the better chance you’ll have of finding inexpensive insurance. Consumers could even find that the lowest priced car insurance comes from a small mutual company. Some small companies may often insure only within specific states and give getter rates compared to the large companies like Allstate or State Farm.

Additional car insurance information is available on the following sites:

Comments About 1991 Ford Five Hundred Insurance

  1. Carmine Booker

    Corporate greed I’m telling you. Got a quote with Liberty Mutual for my Five Hundred and am saving around $110 a year. Was with Western Auto Insurance. My Five Hundred doesn’t have full coverage.

  2. Man Cline

    If you don’t have tickets and live near Memphis, TN, check out Allstate. They seem to be cheaper. Teenage drivers are expensive!

  3. Audry Price

    Live in Lexington, Kentucky. Quoted with Western Auto Insurance, Amica, The General, and Mercury for my Ford and am saving around $60 a year. Left MetLife to switch. I increased coverages a little too.

  4. Imogene Williams

    I found pretty cheap rate quotes for a 1991 Ford Five Hundred in Boise, ID. Ended up at right around $90 every six months with American Family. Online quotes are the way to go. Next renewal I’ll just do liability.

  5. Romeo Lowery

    Cheapest quote for my 1991 Ford Five Hundred was with Farmers. Thankfully I have a good driving record. You can get a rate quote online.

  6. Delilah Gibson

    I switched to 21st Century. Quoted good rates in Fargo, North Dakota. I have kids on my policy, too. Can still barely afford it. Book value doesn’t justify full coverage anymore.

  7. Dorie Cunningham

    I’ve bought from GEICO forever. Cheapest rates in Tacoma, Washington.