2005 Ford Five Hundred Insurance Quotes

Trying to find cheaper auto insurance rates for your Ford Five Hundred? Nobody that owns a car looks forward to paying premiums for auto insurance, especially when the prices are way too high.

Numerous insurance companies battle for your insurance dollar, and because of this it can be hard to compare car insurance companies to get the lowest rate

Insurance discounts help lower rates

Insurance is not cheap nor is it fun to buy but you might be missing out on some discounts that you may not even know about. Some discounts apply automatically when you complete an application, but some may not be applied and must be asked about before you get the savings.

• Drivers Ed for Students – Cut your cost by having your teen driver take driver’s ed class in high school.
• Lower Rates for Military – Being deployed in the military may qualify for rate reductions.
• Passive Restraints and Air Bags – Factory air bags may earn rate discounts of 20% or more.
• Professional Memberships – Being in specific professional or occupational memberships or organizations can get you a small discount on your next renewal.
• Accident Forgiveness – Not really a discount, but certain companies may permit one accident before hitting you with a surcharge as long as you don’t have any claims for a specific time period.
• Bundle and Save – If you can bundle your home and auto insurance with the same company they may give you a discount of approximately 10% to 15%.
• Theft Deterent Discount – Cars and trucks that have factory anti-theft systems are less likely to be stolen and will save you 10% or more.
• Discounts for Government Workers – Active or former government employment may reduce rates when you quote auto insurance on Five Hundred insurance with some insurance companies.
• Onboard Data Collection – Insureds who allow driving data collection to spy on vehicle usage by installing a telematics device like Drivewise from Allstate or In-Drive from State Farm might get better premium rates as long as they are good drivers.

As is typical with insurance, most discount credits are not given to the overall cost of the policy. Some only reduce individual premiums such as liability, collision or medical payments. Even though it appears having all the discounts means you get insurance for free, that’s just not realistic.

Companies and their offered discounts are included below.

• Farm Bureau may have discounts that include multi-vehicle, youthful driver, good student, 55 and retired, driver training, and safe driver.
• MetLife policyholders can earn discounts including multi-policy, defensive driver, good driver, claim-free, accident-free, good student
• Progressive may offer discounts for good student, continuous coverage, online signing, online quote discount, and homeowner.
• AAA may include discounts for multi-car, AAA membership discount, multi-policy, good student, pay-in-full, and anti-theft.
• American Family offers premium reductions for mySafetyValet, defensive driver, good driver, accident-free, multi-vehicle, Steer into Savings, and bundled insurance.
• Geico offers discounts including membership and employees, driver training, federal employee, multi-policy, and seat belt use.
• State Farm offers discounts for good driver, passive restraint, multiple policy, safe vehicle, defensive driving training, accident-free, and Steer Clear safe driver discount.

Double check with every company to give you their best rates. Some discounts might not apply in your area.

Which is the best auto insurance?

When choosing adequate coverage, there really is no “best” method to buy coverage. Everyone’s needs are different and your policy should reflect that. Here are some questions about coverages that may help you determine if your situation will benefit from professional help.

• Should I buy full coverage?
• Do I have newly-aquired coverage?
• Can my teen drive my company car?
• Who is covered when they drive my 2005 Ford Five Hundred?
• What is the minimum liability in my state?
• How does medical payments coverage work?
• Is my cargo covered for damage or theft?
• What if I don’t agree with a claim settlement offer?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies.

Auto insurance coverage breakdown

Having a good grasp of a auto insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. These are typical coverages found on the average auto insurance policy.

Liability car insurance

Liability insurance provides protection from injuries or damage you cause to people or other property in an accident. This coverage protects you against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 50/100/50 that translate to $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for things such as legal defense fees, court costs, funeral expenses and loss of income. How much coverage you buy is up to you, but buy as high a limit as you can afford.

Coverage for collisions

Collision insurance covers damage to your Five Hundred resulting from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as crashing into a building, colliding with another moving vehicle and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to bump up the deductible to get cheaper collision coverage.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance reimburse you for bills like prosthetic devices, ambulance fees and EMT expenses. They are often utilized in addition to your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and may carry a deductible

Coverage for uninsured or underinsured drivers

This coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your Ford Five Hundred.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked. Usually these limits are set the same as your liablity limits.

Comprehensive auto insurance

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like damage from getting keyed, damage from flooding, fire damage and damage from a tornado or hurricane. The maximum amount your auto insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Best coverage at the best price

We just showed you many tips how you can reduce 2005 Ford Five Hundred insurance premium rates online. The key thing to remember is the more providers you compare, the better chance you’ll have of finding the cheapest auto insurance. Consumers may even find the lowest priced auto insurance comes from a small local company. These companies can often provide lower prices in certain areas compared to the large companies like State Farm and Allstate.

When buying insurance coverage, it’s a bad idea to buy less coverage just to save a little money. There have been many situations where someone dropped liability limits or collision coverage only to regret that the small savings ended up costing them much more. Your focus should be to purchase a proper amount of coverage for the lowest cost while still protecting your assets.

To learn more, feel free to browse the resources below:

• Your Car has been Stolen: Now What? (Allstate)
• Car Insurance: When not to Skimp (BankRate.com)
• What is Gap Insurance? (Insurance Information Insitute)
• Tools for Teen Driving Safety (State Farm)
• Drunk Driving Statistics (Insurance Information Insitute)