How Much Does 2001 Ford Five Hundred Insurance Cost?

Finding cheaper insurance for a Ford Five Hundred can turn out to be a lot of work, but you can learn these tips to find lower rates.

There are more efficient ways to shop for auto insurance and we’ll show you the absolute fastest way to quote coverages for a Ford and obtain the best price possible from both online companies and local agents.

Locating affordable protection is simple if you know the tricks. If you are insured now or need new coverage, you can use these tips to find better prices while maximizing coverage. Drivers just need to understand the proper methods to compare price quotes online.

How to buy insurance coverage online

Getting cheap 2001 Ford Five Hundred insurance coverage pricing can be quick and easy. Drivers just need to spend a little time comparing price quotes online from several insurance companies. This is very easy and can be done by following the guidelines below.

If you don’t have a lot of time, the easiest way to find low rates is an all-inclusive rate comparison (click to open form in new window). This form prevents you from having to do multiple quote forms for each company. One simple form gets insurance cost estimates instantly. Just one form and you’re done.

A more difficult way to analyze rates consists of visiting each company’s website and fill out a new quote form. For sake of this example, we’ll pretend you want to see prices from Liberty Mutual, Allstate and Progressive. To do that, you would have to spend time going to each site individually and enter your policy data, which is not fast way to get rate quotes. For a list of links to insurance companies in your area, click here.

It’s up to you how you get prices quotes, just ensure you’re using apples-to-apples quote data for each price quote. If your comparisons have different data it will be very difficult to decipher which rate is best.

Lower rates by qualifying for discounts

Insuring your vehicles can cost a lot, but you might find some hidden discounts that can drop the cost substantially. Certain credits will be shown when you get a quote, but lesser-known reductions have to be specifically requested before they will apply.

• Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a break if you buy a life insurance policy as well.
• Save with a New Car – Insuring a vehicle that is new can save you some money because newer models keep occupants safer.
• Bundled Policy Discount – If you have multiple policies and insure them both with the same insurance company you could earn a discount of 10% to 20% off each policy.
• Homeowners Discount – Simply owning a home can save a few bucks due to the fact that maintaining a home is proof that your finances are in order.
• Memberships – Being a member of a civic or occupational organization could earn you a nice discount on auto insurance.
• Defensive Driver Discount – Passing a course that instructs on driving safety could earn you a small percentage discount if you qualify.
• Drivers Education – Reduce the cost of insurance for teen drivers by having them enroll in driver’s education in school or through a local driver safety program.

You can save money using discounts, but some credits don’t apply to all coverage premiums. Most cut the price of certain insurance coverages like collision or personal injury protection. Even though the math looks like you would end up receiving a 100% discount, it doesn’t quite work that way.

Large auto insurance companies and a partial list of their discounts are included below.

• State Farm offers discounts including anti-theft, good student, driver’s education, safe vehicle, accident-free, multiple autos, and Steer Clear safe driver discount.
• Liberty Mutual may have discounts that include preferred payment discount, multi-policy, newly married, hybrid vehicle, good student, and exclusive group savings.
• American Family policyholders can earn discounts including TimeAway discount, mySafetyValet, multi-vehicle, good driver, Steer into Savings, and good student.
• Progressive may include discounts for online quote discount, good student, multi-vehicle, online signing, and continuous coverage.
• Farmers Insurance offers discounts for youthful driver, good student, multi-car, teen driver, distant student, bundle discounts, and homeowner.
• Auto-Owners Insurance offers premium reductions for group or association, air bags, teen driver, safe driver, multiple vehicles, and anti-lock brakes.
• SAFECO includes discounts for accident prevention training, anti-theft, multi-car, teen safe driver, drive less, and teen safety rewards.

If you need low cost car insurance quotes, ask each company how many discounts you can get. Savings may not apply to policies in your state. For a list of providers that offer discounts, click here.

You can change your insurance premiums

Lots of factors are used when you quote your car insurance policy. Some are pretty understandable such as your driving record, but other criteria are less apparent such as your credit history or your vehicle rating.

• Gender and auto insurance costs – Over time, data shows women are more cautious behind the wheel. It does not mean men are WORSE drivers than women. Both genders have at-fault accidents at a similar rate, but the males cause more damage. Men also tend to have more aggressive citations like reckless driving and DUI. Teenage male drivers cause the most accidents and thus pay the highest rates.
• Your address can push rates up or down – Being located in a small town may provide you with better prices when it comes to auto insurance. Drivers in populated areas have to deal with traffic congestion and a longer drive to work. Less people means a lower chance of having an accident and also fewer theft and vandalism claims.
• Safer occupants lowers rates – Cars with high safety ratings are cheaper to insure. These vehicles result in less severe injuries and reduced instances of injuries means less claims paid passed on to you as lower rates.
• Premiums are high for teenagers – Teenage drivers are proven to be less responsible in a vehicle therefore auto insurance rates are much higher. Older drivers are more responsible, file fewer claims and are safer drivers.
• Never have auto insurance policy lapses – Having a lapse in insurance coverage will be a quick way to pay more for auto insurance. In addition to paying higher rates, failure to provide proof of insurance may earn you a license revocation or jail time.

Insurance is unique, just like you

When choosing coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is a little different.

For example, these questions can aid in determining whether you could use an agent’s help.

• When does my teenage driver need to be added to my policy?
• Am I covered if I break a side mirror?
• Why am I be forced to buy a membership to get insurance from some companies?
• Will I lose any money if I cancel my policy before it expires?
• Is borrowed equipment or tools covered if stolen or damaged?
• Does medical payments coverage apply to all occupants?
• I have good health insurance, so how much medical payments coverage do I need?
• How do I file an SR-22 for a DUI in my state?
• What should my uninsured motorist coverage limits be in my state?
• Are there companies who specialize in insuring high-risk drivers?

If it’s difficult to answer those questions, you might consider talking to a licensed agent. To find an agent in your area, complete this form. It only takes a few minutes and may give you better protection.

Don’t be fooled by advertising claims

Consumers constantly see and hear ads that claim the best premium rates from the likes of Progressive, Allstate and Geico. All the companies make the point about saving some big amount after switching your policy.

How do they all lower your premium rates?

Different companies have specific guidelines for the type of customer that earns them a profit. For example, a preferred risk might have to be between 30 and 50, has a clean driving record, and drives newer vehicles. A driver who matches those parameters will most likely get cheap car insurance rates and will most likely save quite a bit of money when switching.

Potential insureds who are not a match for the ideal profile must pay higher premium rates and this results in the customer not purchasing. Company advertisements say “people who switch” not “everyone who quotes” save that much when switching. That’s why companies can truthfully claim big savings.

Different companies use different criteria so you should quote coverage with many companies. Because without a comparison, you cannot know which insurance companies will fit you best based on your risk profile.

Car insurance policy coverages for a 2001 Ford Five Hundred

Understanding the coverages of your policy can be of help when determining appropriate coverage for your vehicles. The coverage terms in a policy can be confusing and coverage can change by endorsement.

Coverage for medical expenses – Med pay and PIP coverage provide coverage for expenses for hospital visits, surgery, chiropractic care, EMT expenses and doctor visits. They are utilized in addition to your health insurance program or if you lack health insurance entirely. Coverage applies to both the driver and occupants and will also cover any family member struck as a pedestrian. PIP is not universally available but can be used in place of medical payments coverage

Coverage for uninsured or underinsured drivers – This provides protection when other motorists are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally these coverages are set the same as your liablity limits.

Comprehensive car insurance – This pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like damage from getting keyed, a broken windshield, damage from a tornado or hurricane, rock chips in glass and theft. The maximum amount you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision – Collision insurance covers damage to your Five Hundred from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as sustaining damage from a pot hole, damaging your car on a curb, hitting a mailbox and hitting a parking meter. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. You can also increase the deductible to bring the cost down.

Liability auto insurance – This coverage will cover damages or injuries you inflict on other people or property by causing an accident. This coverage protects you against claims from other people. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 that means you have 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. Occasionally you may see a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability insurance covers claims such as medical services, repair costs for stationary objects, attorney fees, bail bonds and funeral expenses. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as much as you can afford.

Better coverage you can count on

You just learned a lot of tips how to shop for 2001 Ford Five Hundred insurance online. The key thing to remember is the more you quote car insurance, the higher the chance of saving money. Consumers may even find the biggest savings come from a lesser-known regional company.

People switch companies for a number of reasons such as lack of trust in their agent, being labeled a high risk driver, questionable increases in premium and even delays in paying claims. Regardless of your reason, finding a new insurance coverage company can be easier than you think.

Lower-priced 2001 Ford Five Hundred insurance is definitely available from both online companies in addition to many insurance agents, so get free car insurance quotes from both of them to have the best chance of lowering rates. Some companies do not offer rate quotes online and many times these small, regional companies only sell coverage through independent agents.

To read more, feel free to visit these articles:

• Auto Insurance Learning Center (State Farm)
• Avoiding Deer Collisions (Insurance Information Insitute)
• Understanding Your Insurance Deductible (Insurance Information Insitute)
• How Much Auto Coverage do I Need? (Insurance Information Insitute)