Save on 2007 Ford Five Hundred Car Insurance Quotes

Want lower insurance rates for your Ford Five Hundred? Are you kicking yourself for buying an underperforming, overpriced insurance policy? Don’t sweat it because many consumers are feeling buyer’s remorse and feel like there’s no way out.

Vehicle owners have many insurers to buy insurance from, and even though it’s nice to have a selection, it can be more challenging to get the best deal.

Insurance price influencing factors

Part of the auto insurance buying process is learning some of the factors that help determine the level of your policy premiums. If you have some idea of what determines premiums, this allows you to make educated decisions that could help you find better auto insurance rates.

  • Low comp and collision deductibles cost more – Insurance for physical damage, termed comprehensive and collision coverage on your policy, covers your vehicle from damage. Some instances where coverage would apply would be colliding with a building, collision with an animal, and damage caused by flying debris. Physical damage deductibles tell how much the insured will be required to pay if a covered claim is submitted. The larger the amount you have to pay, the lower your rates will be for Five Hundred coverage.
  • Never have auto insurance policy lapses – Driving without insurance is illegal and auto insurance companies will penalize you for letting your coverage cancel without a new policy in place. And not only will your rates increase, not being able to provide proof of insurance could result in fines and jail time.
  • Men pay more for insurance coverage – Statistics show that women are safer drivers than men. However, this does not mean men are worse drivers. Women and men get in fender benders at a similar rate, but males have costlier accidents. In addition to higher claims, males also have more aggressive citations like DUI and reckless driving. Youthful male drivers are most likely to cause an accident and therefore are the most expensive to insure.
  • Vehicle features impact auto insurance rates – Owning a car that has a built-in theft deterrent system can get you a discount on your auto insurance. Theft prevention devices such as OnStar, LoJack tracking, and tamper alarms all help prevent car theft and help bring rates down.
  • Low stress job equals lower prices – Did you know your job can affect your rates? Jobs such as fire fighters, architects and accountants are shown to have higher rates than average attributed to stressful work requirements and lengthy work days. On the other hand, jobs like professors, historians and the unemployed pay lower than average rates for Five Hundred coverage.
  • Claim-free discounts can add up – Auto insurance companies give lower rates to drivers who only file infrequent claims. If you tend to file frequent claims, you can expect either policy cancellation or increased premiums. Your car insurance is meant to be used in the event of the large, substantial claims.

Discounts can really help to save

Not too many consumers would say car insurance is affordable, but there may be some discounts that many consumers don’t even know exist. Larger premium reductions will be automatically applied at the time of quoting, but a few need to be inquired about before they will apply.

  • Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a discounted premium rate on car insurance if you buy a life policy as well.
  • Theft Deterent System – Cars with anti-theft systems help deter theft and will save you 10% or more.
  • Active Military Service – Having an actively deployed family member could qualify you for better car insurance rates.
  • Driver Education Discount – Require your teen driver to enroll and complete driver’s education in high school.
  • Club Memberships – Joining a professional or civic organization could qualify you for a break on your next renewal.
  • Anti-lock Brake System – Cars and trucks equipped with ABS or steering control can reduce accidents so you can save 10 percent or more.

Discounts save money, but please remember that some credits don’t apply to your bottom line cost. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. So even though you would think you can get free auto insurance, it doesn’t quite work that way.

Larger car insurance companies and a partial list of their discounts are included below.

  • 21st Century has discounts for driver training, defensive driver, student driver, theft prevention, 55 and older, and automatic seat belts.
  • Progressive may offer discounts for multi-vehicle, online quote discount, good student, multi-policy, and homeowner.
  • State Farm includes discounts for driver’s education, Steer Clear safe driver discount, good driver, multiple autos, anti-theft, multiple policy, and safe vehicle.
  • Nationwide discounts include multi-policy, family plan, Farm Bureau membership, defensive driving, and easy pay.
  • Esurance may have discounts that include anti-theft, good student, Pac-12 alumni, renters, paid-in-full, good driver, and defensive driver.
  • The Hartford offers discounts including anti-theft, driver training, good student, air bag, and vehicle fuel type.

It’s a good idea to ask each insurance company to apply every possible discount. Some of the discounts discussed earlier might not be offered on policies in your area. If you would like to see a list of insurers who offer car insurance discounts, follow this link.

Will just any policy work for me?

When choosing the right insurance coverage, there really is no one size fits all plan. Every insured’s situation is different so this has to be addressed. For instance, these questions can aid in determining if you would benefit from professional advice.

  • Can I drive in Mexico and have coverage?
  • Are my friends covered when driving my 2007 Ford Five Hundred?
  • At what point should I drop full coverage?
  • How do I buy GAP insurance?
  • What is medical payments coverage?
  • Are my friends covered when driving my car?
  • Is my trailer covered?
  • How much liability do I need to cover my assets?
  • Are all vehicle passengers covered by medical payments coverage?
  • What can I do if my company won’t pay a claim?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier

What insurance coverages do you need?

Having a good grasp of a insurance policy helps when choosing which coverages you need for your vehicles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Listed below are the normal coverages offered by insurance companies.

Liability coverages – Liability coverage provides protection from damage or injury you incur to other’s property or people. It protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

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. Your policy might show values of 50/100/50 that translate to $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers things such as medical services, legal defense fees, loss of income, structural damage and repair costs for stationary objects. How much coverage you buy is a decision to put some thought into, but consider buying higher limits if possible.

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage provides protection when other motorists do not carry enough liability coverage. Covered claims include medical payments for you and your occupants and damage to your Ford Five Hundred.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Normally these limits are identical to your policy’s liability coverage.

Collision – This coverage pays for damage to your Five Hundred resulting from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for claims such as colliding with another moving vehicle, rolling your car, scraping a guard rail and backing into a parked car. This coverage can be expensive, so you might think about dropping it from vehicles that are older. You can also bump up the deductible to get cheaper collision coverage.

Comprehensive (Other than Collision) – Comprehensive insurance coverage 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 can pay for claims such as hail damage, damage from a tornado or hurricane, hitting a bird, hitting a deer and vandalism. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Medical expense insurance – Med pay and PIP coverage kick in for expenses for things like doctor visits, dental work, pain medications and rehabilitation expenses. They are often used to cover expenses not covered by your health insurance program or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants as well as getting struck while a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

In any little way, save everyday

As you restructure your insurance plan, it’s a bad idea to buy less coverage just to save a little money. There have been many cases where drivers have reduced full coverage only to find out they didn’t purchase enough coverage. Your aim should be to find the BEST coverage at the best cost, but don’t skip important coverages to save money.

We just covered many ideas to get a better price on 2007 Ford Five Hundred insurance. The key concept to understand is the more you quote car insurance, the better chance you’ll have of finding inexpensive car insurance. You may be surprised to find that the best rates are with a lesser-known regional company. They may only write in your state and offer lower car insurance rates as compared to the big name companies such as Allstate and Progressive.

Additional information is located at the links below

Comments About 2007 Ford Five Hundred Insurance

  1. Melony Graves

    I got quite a few price quotes for a 2007 Ford Five Hundred in Grand Rapids, Michigan. Ended up at about $400 every six months with AAA. Just go online and compare their rates.

  2. Paris Livingston

    Will State Farm cancel me for an at-fault accident?

  3. Connie Mcpherson

    I live in San Jose, CA. Quoted rates from Auto-Owners, Encompass, and MetLife for my 2007 Ford Five Hundred and saved just over $540 a year. Was with MetLife.

  4. Sharan Mayer

    Nice info. I live in a small town just outside of Greensboro, North Carolina. Quoted a bunch of companies. Saved about $50 a month. State Farm was the cheapest option for me. Left Mercury to switch. God forbid I actually have a claim.

  5. Armand Beach

    Will Progressive raise rates after an accident?

  6. Ok Ferguson

    Anyone like their agent?

  7. Irma Hester

    I got quite a few price quotes for a 2007 Ford Five Hundred in Rochester, NY. Ended up at about $480 every six months with AIG Insurance. Left Sentry to switch. Have an at-fault accident tho. Not sure if rates are cheaper online or not.

  8. Aurore Brock

    Great site. From Rockford, IL. Got car insurance prices from Amica, Nationwide, and some smaller one I can’t remember the name of for my Ford and saved $474 a year. I just quoted rates online.

  9. Angelika Moore

    Not sure what I should be paying. Checking in from Rio Rancho, New Mexico. Not sure of all the companies but I ended up saving about $40 each month. Left USAA to switch. I have a teen driver too.