View 2013 Ford Five Hundred Insurance Quotes

Trying to come up with a payment for overpriced insurance can overdraw your monthly budget and put the squeeze on your family’s finances. Comparing rates annually is recommended to lower your monthly bill.

Online insurance companies like Geico, 21st Century and Progressive continually bombard you with ad campaigns and it is challenging if not impossible to not get sucked in by the cute commercials and effectively compare rates to find the best deal.

Lower your insurance prices

Multiple criteria are considered when you get a price on insurance. Some are obvious like your driving record, although some other factors are not as apparent such as your marital status and annual miles driven.Consumers need to have an understanding of some of the elements that play a part in calculating your policy premiums. If you have some idea of what impacts premium levels, this allows you to make good choices that could help you find big savings.

The following are some of the factors used by insurance companies to determine your prices.

• Liability claims can be big – The liability section of your policy is the protection in the event that you are found to be at fault for causing personal injury or damage in an accident. This coverage provides for a legal defense to defend your case. This coverage is very inexpensive compared to other policy coverages, so insureds should have plenty of protection for their assets.
• Insurance rates for married couples – Being married may save some money when buying insurance. Marriage translates into being more financially stable it has been statistically shown that married drivers get in fewer accidents.
• Too many insurance claims and you’ll pay more – Companies give the lowest premiums to people that do not abuse their auto insurance. If you file claims often, you can expect much higher rates or policy non-renewal. Insurance coverage is designed for major claims that would cause financial hardship.
• Add-on coverages push up prices – There are quite a few extra add-on coverages that you can buy but may not be useful. Things like vanishing deductibles, accidental death, and term life insurance are probably not needed. They may sound like good ideas when you first buy your policy, but if you don’t need them get rid of them and save.
• Avoid traffic tickets – Careful drivers get better prices than bad drivers. Even one citation may cause rates to rise by twenty percent. People who have careless citations like DUI, reckless driving or excessive speeding might be required by their state to complete a SR-22 with their state DMV in order to legally drive.

Insurance companies offer money-saving discounts

Some providers don’t always list the entire discount list very clearly, so the list below details a few of the more well known and also the lesser-known credits available to you. If you are not receiving all the discounts you deserve, you could be paying more than you need to.

• Homeowners Savings – Just owning your own home can save a few bucks because it is proof of financial responsibility.
• Responsible Driver Discounts – Accident-free drivers may save up to 50% more for Five Hundred insurance compared to accident prone drivers.
• Defensive Driver – Taking time to complete a course that instructs on driving safety is a good idea and can lower rates and easily pay for the cost of the class.
• Air Bags and Passive Restraints – Cars that have air bags or motorized seat belts may qualify for discounts of 20% or more.
• Buy New and Save – Adding a new car to your policy can save up to 30% due to better safety requirements for newer vehicles.
• Discount for Good Grades – This discount could provide a savings of up to 20% or more. This discount can apply up to age 25.
• Sign Online – Some insurance companies provide a small discount for buying a policy and signing up over the internet.
• Safety Restraint Discount – Drivers who require all vehicle occupants to use their safety belts can save a little on medical payment and PIP coverage.

As a sidenote, some of the credits will not apply to your bottom line cost. A few only apply to the price of certain insurance coverages like collision or personal injury protection. Despite the appearance that adding up those discounts means a free policy, companies don’t profit that way. But all discounts will help reduce the cost of your policy.

Auto insurance companies who might offer some of the above discounts include:

• State Farm
• Geico
• Progressive
• 21st Century
• American Family
• The Hartford
• AAA

If you need lower rates, check with every prospective company which discounts you qualify for. All car insurance discounts may not apply to policyholders in your area. If you would like to see a list of providers that offer discounts, click here.

Tricks in insurance coverage advertising

Consumers can’t escape the ads that claim the best prices from the likes of Allstate and Progressive. They all seem to have a common claim that people will save after switching your coverage.

Is it even possible that every company can give you a better price? This is the trick they use.

Different companies provide the lowest rates for the right customer that will be a good risk. An example of a desirable risk could be over the age of 40, has few claims, and has a high credit rating. Any person who fits those characteristics may get the lowest rates and therefore will save if they switch.

Insureds who are not a match for this stringent profile must pay higher prices and business going elsewhere. If you pay attention, the ads say “drivers who switch” but not “everyone who gets a quote” save the amount stated. That’s why insurance companies can advertise the savings.

Each company has different criteria, so it is so important to do a price quote comparison at every renewal. It’s not possible to predict which company will have the lowest rates.

Do I just need basic coverages?

When it comes to buying the best car insurance coverage, there isn’t really a perfect coverage plan. Each situation is unique so your insurance should reflect that For instance, these questions might help in determining if your situation would benefit from an agent’s advice.

• Does car insurance cover theft of personal property?
• Do I have any recourse if my insurance company denies a claim?
• Can I make deliveries for my home business?
• What if I owe more than I can insure my car for?
• Does my insurance cover a custom paint job?
• When can I cancel my policy?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area. It is quick, free and may give you better protection.

Insurance coverage considerations

Knowing the specifics of your insurance policy aids in choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. These are the normal coverages found on the average insurance policy.

Coverage for collisions

This pays to fix your vehicle from damage resulting from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like crashing into a building, scraping a guard rail, driving through your garage door, sideswiping another vehicle and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Medical expense insurance

Medical payments and Personal Injury Protection insurance provide coverage for expenses for things like prosthetic devices, doctor visits, chiropractic care and surgery. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible

Protection from uninsured/underinsured drivers

This protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Ford Five Hundred.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Comprehensive (Other than Collision)

Comprehensive insurance pays for damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as vandalism, fire damage and falling objects. The maximum amount your insurance company will pay is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Auto liability insurance

This protects you from injuries or damage you cause to other’s property or people by causing an accident. It protects you from claims by other people, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 100/300/100 which means $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Some companies may use one number which is a combined single limit which provides one coverage limit rather than limiting it on a per person basis.

Liability can pay for things like pain and suffering, bail bonds and medical expenses. The amount of liability coverage you purchase is a personal decision, but you should buy as large an amount as possible.

Coverage on a shoestring budget

When shopping online for auto insurance, don’t be tempted to buy poor coverage just to save money. There have been many cases where an insured dropped full coverage only to regret that the few dollars in savings costed them thousands. Your objective should be to purchase plenty of coverage at an affordable rate.

Lower-priced auto insurance can be purchased both online as well as from insurance agents, and you need to price shop both to have the best rate selection. There are still a few companies who may not provide online rate quotes and most of the time these smaller providers work with local independent agencies.

We just presented quite a bit of information on how to shop for 2013 Ford Five Hundred insurance online. The most important thing to understand is the more times you quote, the more likely it is that you will get a better rate. You may even discover the lowest premium rates are with the smaller companies. Smaller companies may only write in your state and offer lower prices as compared to the big name companies such as Allstate or State Farm.

Helpful resources

• Auto Insurance 101 (About.com)
• Distracted Driving Extends Beyond Texting (State Farm)
• What if I Can’t Find Coverage? (Insurance Information Insitute)
• Understanding Rental Car Insurance (Insurance Information Insitute)
• How Does Hitting a Deer Impact Insurance Rates? (Allstate)
• Older Driver Statistics (Insurance Information Insitute)