2000 Ford Five Hundred Insurance Rates

Consumers have many options when looking for affordable Ford Five Hundred insurance. They can either spend hours contacting agents trying to get quotes or utilize the internet to compare rates. There is a right way and a wrong way to find auto insurance online so you’re going to learn the quickest way to price shop coverage on a Ford and obtain the lowest price.

Finding affordable coverage is not rocket science. If you are paying for car insurance now, you stand a good chance to be able to save some money using these tips. Consumers just need to learn the proper way to compare prices online.

How to shop insurance online

There are a variety of methods to compare insurance prices but some are easier and takes less work. You can waste a few hours (or days) driving to insurance companies in your area, or you could save time and use the internet to get prices fast.

The majority of car insurance companies belong to an insurance system that allows shoppers to enter their policy data once, and at least one company can provide price quotes determined by their information. This system prevents you from having to do quote requests to each company.

To participate in this free quote system, click to open in new window.

The only downside to using this type of system is buyers cannot specifically choose the insurers to receive prices from. If you wish to select specific providers to compare rates, we have assembled a list of insurance companies in your area. Click here for list of insurance companies.

The method you choose is up to you, but try to keep the same quote information for each quote you get. If you compare different liability limits it will be next to impossible to determine the best price for your Ford Five Hundred.

Advertising and car insurance

Drivers can’t escape the ads that promise big savings for switching by State Farm and Allstate. They all make an identical promise that you can save just by switching your coverage.

How can each company offer drivers better rates? It’s all in the words they use.

All the different companies quote the lowest rates for the right customer that earns them a profit. One example of this type of insured might be described as over age 30, has never had a policy lapse, and has great credit. Any person who meets those qualifications will get a cheap rate quote and as a result will probably pay quite a bit less when switching companies.

Consumers who fall short of these stringent criteria will be quoted higher rates which usually ends up with the customer not purchasing. If you listen closely, the ads state “drivers that switch” not “everyone who quotes” can get the lowest rates when switching. That is how companies can claim big savings. This emphasizes why it’s extremely important to do a price quote comparison at every renewal. It is impossible to predict with any certainty which company will give you lower rates than your current company.

Insurance policy discounts you can’t miss

Some insurance providers do not advertise all available discounts in a way that’s easy to find, so the list below details both the well known and the harder-to-find ways to save on insurance.

• Telematics Devices – Drivers who elect to allow driving data collection to spy on vehicle usage by using a telematic data system such as Allstate’s Drivewise and State Farm’s In-Drive system could see a rate decrease if they show good driving skills.
• One Accident Forgiven – This isn’t a discount exactly, but some companies like State Farm, Progressive and Geico will let one accident slide before hitting you with a surcharge if you are claim-free for a certain period of time.
• Accident-Free Discounts – Drivers who don’t have accidents pay less when compared to accident-prone drivers.
• Seat Belts Save more than Lives – Buckling up and requiring all passengers to buckle their seat belts can save 10% or more on medical payment and PIP coverage.
• Multi-policy Discount – When you combine your auto and homeowners insurance and insure them with the same company you may earn at least 10% off all policies.
• Resident Student – Any of your kids who live away from home at college without a vehicle on campus could get you a discount.
• Discount for Life Insurance – Insurance companies who offer life insurance give better prices if you take out auto and life insurance together.
• Buy New and Save – Buying a new car model may earn a small discount due to better safety requirements for newer vehicles.

You can save money using discounts, but many deductions do not apply to your bottom line cost. The majority will only reduce the price of certain insurance coverages like comp or med pay. So even though they make it sound like you can get free auto insurance, insurance companies aren’t that generous.

Insurance companies who may offer some of the discounts shown above possibly include:

• Farm Bureau
• MetLife
• Progressive
• AAA
• American Family
• Geico
• State Farm

Before purchasing a policy, check with each company or agent which discounts you qualify for. Some discounts might not apply in your area. To find insurance companies who offer discounts, follow this link.

Insurance agents can help

When it comes to buying coverage, there really is not a “best” method to buy coverage. Each situation is unique.

For instance, these questions might point out if your situation may require specific advice.

• Is my teenager covered with friends in the car?
• Is my custom paint covered by insurance?
• How much liability do I need to cover my assets?
• What is high-risk coverage and where do I buy it?
• How does medical payments coverage work?
• Does my 2000 Ford Five Hundred qualify for pleasure use?
• Do I pay less for low miles?
• Do I get a pro-rated refund if I cancel my policy early?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form. It’s fast, free and you can get the answers you need.

Learn about auto insurance coverages for a 2000 Ford Five Hundred

Knowing the specifics of a auto insurance policy helps when choosing which coverages you need for your vehicles. The terms used in a policy can be confusing and coverage can change by endorsement.

Liability car insurance

This provides protection from damages or injuries you inflict on a person or their property. This insurance protects YOU against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability 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 a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers things like repair bills for other people’s vehicles, medical services, emergency aid and structural damage. How much coverage you buy is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Collision coverage protection

This pays for damage to your Five Hundred resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as backing into a parked car, colliding with a tree, scraping a guard rail and rolling your car. This coverage can be expensive, so you might think about dropping it from vehicles that are older. Another option is to choose a higher deductible to save money on collision insurance.

Medical costs insurance

Med pay and PIP coverage pay for immediate expenses for funeral costs, hospital visits and surgery. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against things like damage from flooding, damage from a tornado or hurricane, a tree branch falling on your vehicle and a broken windshield. The most you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage provides protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as damage to your 2000 Ford Five Hundred.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

One last thing about your coverage

Throughout this article, we presented a lot of information how to reduce 2000 Ford Five Hundred insurance premium rates online. The most important thing to understand is the more you quote insurance, the better chance you’ll have of finding inexpensive insurance. You may even discover the most savings is with the least-expected company.

As you restructure your insurance plan, it’s a bad idea to reduce coverage to reduce premium. There are many occasions where an accident victim reduced physical damage coverage and found out when filing a claim that they should have had better coverage. The aim is to buy a smart amount of coverage for the lowest cost and still be able to protect your assets.

Cheaper auto insurance can be bought from both online companies and also from your neighborhood agents, so you need to quote insurance with both in order to have the best chance of saving money. A few companies don’t offer online rate quotes and many times these smaller providers only sell through independent insurance agencies.

For more information, feel free to visit these articles:

• Five Mistakes to Avoid (Insurance Information Insitute)
• Auto Crash Statistics (Insurance Information Insitute)
• Teen Driving Statistics (iihs.org)
• Prepare your Teens for Safe Driving (InsureUonline.org)