How Much Does 2012 Ford Five Hundred Insurance Cost?

If you’re trying to find lower-cost insurance on the web, are you intimidated by the sheer number of insurance choices that you can choose from? You’re not alone. You have such a vast assortment of choices available that it can quickly become a lot of work to find the lowest price.

It’s a good idea to compare premium rates once or twice a year because prices go up and down regularly. Just because you had the lowest rate on Five Hundred insurance a few years ago there is a good chance you can find better premium rates now. Forget anything you know (or think you know) about insurance because I’m going to let you in on the secrets to the only way to buy cheaper insurance.

Buying cheaper protection is simple if you know the tricks. Just about every driver who is shopping for auto insurance will be able to save money. But car owners do need to learn the methods companies use to determine prices because it can help you find the best coverage.

How to buy insurance coverage

The are a couple different ways to compare rate quotes from local insurance coverage companies. By far the easiest way to compare rates is to perform an online rate comparison. This can be done in a couple of different ways.

If you don’t have a lot of time, the easiest way to compare a lot of rates at once is an all-inclusive rate comparison click here to open form in new window. This quick form saves time by eliminating repetitive form entry for every company. One simple form will return quotes from multiple companies. This is perfect if you don’t have a lot of time.

A slightly less efficient method to shop for insurance coverage online requires you to visit the website for every company you want to comare and request a quote. For sake of this example, let’s assume you need rates from Allstate, Progressive and Farmers. You would be required to go to each individual site and repeatedly enter your information, which can take a lot of time. For a handy list of car insurance company links in your area, click here.

If you have time to kill, the last method to shop rates is physically going to insurance agents’ offices. Comparing rate quotes online eliminates the need for an insurance agent unless you have a complicated situation and need the extra assistance only provided by licensed agents. Drivers can compare online quotes but buy the policy through an agent.

However you get your quotes, be sure you’re using identical coverage information for each price quote. If you are comparing different data it’s impossible to decipher which rate is best. Having just a slight variation in coverage limits could mean much higher rates. It’s important to know that making a lot of price comparisons will increase your chances of finding a better price.

Affordable auto insurance rates with discounts

Buying auto insurance is not cheap, but there could be significant discounts to cut the cost considerably. Certain credits will be shown when you get a quote, but a few need to be inquired about in order for you to get them.

  • Anti-lock Brake Discount – Cars with anti-lock braking systems can avoid accidents and will save you 10% or more.
  • Multi-line Discount – Insurance companies who offer life insurance give lower rates if you buy life insurance.
  • Multi-car Discount – Buying a policy with all your vehicles with the same auto insurance company can reduce rates for all insured vehicles.
  • Driver’s Education for Students – Have your child take driver’s ed class in school or through a local driver safety program.
  • New Car Discount – Buying auto insurance coverage on a new vehicle may earn a small discount because newer vehicles have to meet stringent safety requirements.
  • Accident Forgiveness Coverage – Not a discount per se, but some insurance companies will turn a blind eye to one accident without getting socked with a rate hike as long as you don’t have any claims prior to being involved in the accident.
  • Claim Free – Good drivers with no accidents get the best auto insurance rates when compared with insureds who have frequent claims or accidents.

Policy discounts save money, but most discounts do not apply to the overall cost of the policy. A few only apply to specific coverage prices like liability, collision or medical payments. So despite the fact that it appears you can get free auto insurance, that’s just not realistic.

A few of the larger companies and a selection of discounts are shown below.

  • Progressive offers discounts for multi-policy, online quote discount, good student, multi-vehicle, and continuous coverage.
  • Farmers Insurance includes discounts for distant student, teen driver, business and professional, pay in full, electronic funds transfer, mature driver, and multi-car.
  • Farm Bureau may offer discounts for 55 and retired, youthful driver, good student, multi-policy, renewal discount, and multi-vehicle.
  • State Farm has savings for passive restraint, driver’s education, accident-free, good student, and Drive Safe & Save.
  • GEICO may include discounts for emergency military deployment, driver training, multi-policy, five-year accident-free, and air bags.
  • SAFECO discounts include anti-lock brakes, multi-car, teen safety rewards, drive less, and accident prevention training.
  • Liberty Mutual may have discounts that include safety features, newly retired, good student, hybrid vehicle, teen driver discount, multi-policy, and new graduate.

Before purchasing a policy, check with every insurance company what discounts are available to you. A few discounts may not apply to policies in your area. To choose insurers who offer cheap auto insurance quotes, click here.

Tailor your insurance coverage to you

When it comes to buying the best insurance coverage, there isn’t really a cookie cutter policy. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that might point out if your insurance needs will benefit from professional help.

  • Do I pay less if my vehicle is kept in my garage?
  • Exactly who is provided coverage by my policy?
  • Should I put collision coverage on all my vehicles?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Is my state a no-fault state?
  • Am I covered by my spouse’s policy after a separation?
  • Does my insurance cover my expensive audio equipment?
  • Do I need PIP (personal injury protection) coverage in my state?

If you don’t know the answers to these questions, you may need to chat with a licensed insurance agent. To find an agent in your area, simply complete this short form.

How car insurance companies calculate Ford Five Hundred insurance costs

Consumers need to have an understanding of the rating factors that help determine your car insurance rates. If you have some idea of what determines premiums, this empowers consumers to make smart changes that may result in lower car insurance prices. Many different elements are used when quoting car insurance. Some of the criteria are obvious such as your driving history, but others are less obvious such as your credit history or how financially stable you are.

  • Teenagers are high risk – Teenage drivers tend to be less responsible when at the wheel of a vehicle so car insurance rates are higher. Older people are viewed as being more responsible, cause fewer claims and accidents and receive fewer citations.
  • Discounts for married couples – Walking down the aisle may save some money when shopping for car insurance. Having a significant other demonstrates that you tend to be more mature than a single person and it’s statistically proven that drivers who are married are more cautious.
  • Don’t skimp on liability insurance – The liability coverage on your policy is the coverage that protects you if you are responsible for damages from an accident. Liability provides legal defense coverage which can cost a lot. This coverage is very inexpensive when compared to the cost of physical damage coverage, so do not skimp.
  • More traffic equals higher prices – Living in small towns and rural areas has definite advantages when insuring your vehicles. Fewer people translates into fewer accident claims and lower theft and vandalism rates. Drivers who live in large cities have to deal with congested traffic and longer commute times. More time commuting means a statistically higher chance of an accident.
  • Rates increase with driving citations – Being a careful driver impacts your car insurance rates tremendously. Getting just one citation may cause rates to rise substantially. Drivers who don’t get tickets get better prices than their less careful counterparts. Drivers unfortunate enough to have careless citations such as DUI or reckless driving are required to submit a SR-22 form to the state department of motor vehicles in order to continue driving.
  • Do you know your deductibles? – Comprehensive and collision coverage deductibles are the amount of money you are willing to pay in the event of a claim. Insurance for physical damage, also known as collision and other-than-collision, protects your car from damage. Some instances where coverage would apply could be colliding with a stationary object, damage caused by hail, and damage caused by road hazards. The larger the amount you pay before a claim is paid (deductible), the lower your rates will be on Five Hundred insurance.

Car insurance coverage information

Knowing the specifics of your policy helps when choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Collision protection

This coverage covers damage to your Five Hundred caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like hitting a parking meter, driving through your garage door, colliding with a tree, backing into a parked car and rolling your car. Collision is rather expensive coverage, so consider removing coverage from older vehicles. It’s also possible to bump up the deductible to bring the cost down.

Uninsured and underinsured coverage

This protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered losses include injuries to you and your family and also any damage incurred to your Ford Five Hundred.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for prosthetic devices, pain medications and hospital visits. They are utilized in addition to your health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is only offered in select states and may carry a deductible

Comprehensive coverages

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as damage from a tornado or hurricane, fire damage, damage from getting keyed and vandalism. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Coverage for liability

This coverage can cover damages or injuries you inflict on a person or their property. It protects YOU against claims from other people. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 50/100/50 which stand for $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Some companies may use one number which is a combined single limit that pays claims from the same limit without having the split limit caps.

Liability insurance covers claims such as structural damage, funeral expenses and loss of income. How much liability should you purchase? That is up to you, but buy as much as you can afford.

Save your hard earned cash

In this article, we presented quite a bit of information on how to reduce 2012 Ford Five Hundred insurance rates online. The key concept to understand is the more you quote car insurance, the better likelihood of getting cheaper car insurance. Drivers may discover the biggest savings come from the smaller companies.

As you go through the steps to switch your coverage, don’t be tempted to skimp on coverage in order to save money. There are many occasions where someone sacrificed liability coverage limits only to discover later that it was a big error on their part. The aim is to buy the best coverage you can find at the best cost.

People switch companies for many reasons like high rates after DUI convictions, unfair underwriting practices, not issuing a premium refund or even denial of a claim. It doesn’t matter why you want to switch switching companies can be easy and end up saving you some money.

Much more information about car insurance can be read on the following sites:

Comments About 2012 Ford Five Hundred Insurance

  1. Kathrin Ross

    Cheaper not always better. From Charlotte, North Carolina. Quoted quotes with Progressive, American Family, Eastwood, and Hartford for my Five Hundred and I’m now saving $59 a month. Left Amica to switch. Good savings if you bundle. LOL

  2. Emmie Estes

    Live in the northern part of Bangor, ME. Checked online prices for a 2012 Ford Five Hundred. Ended up at about $250 savings annually. Went with GEICO.

  3. Rosalyn Shaw

    Cheap is relative. From north side of Warwick, Rhode Island. Quoted quotes with Liberty Mutual, AIG Insurance, Safeco, and a couple others for my 2012 Ford Five Hundred and saved $95 a year.

  4. Rea Cotton

    Will GEICO do a SR22 in Rockford, IL?

  5. Ashely Cortez

    In Cleveland, Ohio, AAA had the best rates for my 2012 Ford Five Hundred. I increased coverages a little too.

  6. Blossom Lancaster

    Cheaper car insurance is a myth. I live in a small town just outside of Tampa, FL. Can’t remember who all I quoted but I ended up saving about $50 each month. Was with Hanover. They have free quotes online.

  7. Mi Sandoval

    Live in the northern part of Great Falls, MT. Don’t remember every company but I ended up saving about $50 each month. Even increased coverage a bit. Can still barely afford it.

  8. Barbara Talley

    I’m in the east part of South Burlington, VT. Quoted rates from The General, American Family, MetLife, and a couple others for my Five Hundred and I’m now saving $54 a month. Was with Nationwide. Thankfully I’m not a high risk driver. Just waiting to see how claims go.

  9. Marchelle Soto

    Here’s what I found out. Located in Bridgeport, CT. Checked online prices for a 2012 Ford Five Hundred. Ended up at about $190 savings annually. Went with GEICO. Left Travelers to switch. They were helpful in switching over.