Looking for better car insurance rates? Shoppers have a choice when shopping for the best price on Ford Five Hundred insurance. You can either waste hours struggling with agents to get rate comparisons or use the internet to find the lowest rates. There is a better way to find car insurance online and we’ll show you the best way to get price quotes for your Ford and find the cheapest rates from local insurance agents and online providers.
You need to do rate comparisons as often as possible because car insurance prices change regularly. If you had the best rates for Five Hundred coverage two years ago a different company probably has better premium rates today. There is a lot of wrong information about car insurance online but in just a couple of minutes you can learn some proven techniques to find affordable car insurance.
The best way to find cheaper auto insurance is to take a look at the different types of things that come into play when calculating your auto insurance rates. If you understand what positively or negatively impacts your premiums, this enables informed choices that may result in better auto insurance rates. Many factors are part of the equation when pricing auto insurance. Some are obvious such as your driving record, but others are less obvious like your continuous coverage or your commute time.
The following are a few of the “ingredients” auto insurance companies consider when setting your prices.
Car insurance companies don’t always advertise their entire list of discounts in an easy-to-find place, so we took the time to find some of the best known as well as the least known savings tricks you should be using when you buy car insurance online.
Please keep in mind that most discount credits are not given to your bottom line cost. Some only apply to individual premiums such as physical damage coverage or medical payments. So even though it sounds like all the discounts add up to a free policy, it’s just not the way it works.
A few popular companies and a partial list of their discounts can be found below.
Double check with each company which credits you are entitled to. Some of the earlier mentioned discounts may not apply in your area. If you would like to view insurers with discount rates, follow this link.
Consumers can’t get away from all the ads for cheaper auto insurance from the likes of Allstate and Progressive. All the companies have a common claim that drivers will save a bundle just by switching your auto insurance coverage to their company.
How can each company have lower policy pricing? This is how they do it.
Insurance companies give the best rates for the type of customer that will be a good risk. A good example of a profitable customer should be over the age of 50, insures multiple vehicles, and drives less than 10,000 miles a year. A customer who matches those parameters will get very good premium rates and will also save some money.
Drivers who do not match those standards will probably be forced to pay higher rates and ends up with the customer not buying. The ads say “people that switch” not “everyone that quotes” will save that much if they switch. That is how insurance companies can make claims that they all have the best car insurance rates. Because of the profiling, you should compare rate quotes every year. It’s not possible to predict the company that will have the lowest rates.
When choosing adequate coverage for your personal vehicles, there really is no perfect coverage plan. Coverage needs to be tailored to your specific needs.
For example, these questions may help highlight if your insurance needs would benefit from an agent’s advice.
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. To find lower rates from a local agent, take a second and complete this form. It only takes a few minutes and can help protect your family.
Learning about specific coverages of your insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement.
This will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers claims such as a tree branch falling on your vehicle, hail damage and vandalism. The highest amount your insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Liability insurance can cover damage that occurs to other’s property or people that is your fault. It protects YOU against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 25/50/25 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.
Liability can pay for things like repair costs for stationary objects, emergency aid, loss of income and bail bonds. How much liability should you purchase? That is a decision to put some thought into, but you should buy higher limits if possible.
Med pay and PIP coverage kick in for immediate expenses for things like funeral costs, surgery, EMT expenses and X-ray expenses. The coverages can be utilized in addition to your health insurance plan or if you are not covered by health insurance. They cover both the driver and occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay
This covers damage to your Five Hundred resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage pays for claims such as driving through your garage door, hitting a parking meter, sustaining damage from a pot hole and crashing into a building. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to increase the deductible to bring the cost down.
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. Covered losses include injuries to you and your family and damage to your Ford Five Hundred.
Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.
As you shop your coverage around, it’s very important that you do not buy lower coverage limits just to save a few bucks. In too many instances, someone dropped uninsured motorist or liability limits and discovered at claim time they didn’t have enough coverage. The aim is to buy the best coverage you can find at a price you can afford and still be able to protect your assets.
More affordable insurance is available from both online companies as well as from independent agents, so you should be comparing quotes from both so you have a total pricing picture. There are still a few companies who do not provide rate quotes online and usually these small, regional companies prefer to sell through independent insurance agencies.
People switch companies for a number of reasons such as being labeled a high risk driver, policy non-renewal, delays in paying claims and even an unsatisfactory settlement offer. It doesn’t matter what your reason, choosing a new insurance company is pretty easy and you might even save some money in the process.
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