2016 Ford Five Hundred Insurance Quotes – 7 Tips to Save

Being forced to pay for pricey insurance coverage premiums can overdraw your funds and force you to prioritize other expenses. Performing a price comparison can be a smart way to slash your bill and have more diposable income.

Because there are so many different company options, it can be challenging to find the lowest cost insurance coverage company.

It’s a good idea to compare rates quite often because insurance coverage prices fluctuate regularly. Despite the fact that you may have had the best price on Five Hundred coverage a year ago the chances are good that you can find a lower rate today. Block out anything you think you know about insurance coverage because you’re going to learn one of the best ways to remove unneeded coverages and save money.

Choosing the best insurance company for you is quite easy. Just about everyone who is required by state law to have insurance will most likely be able to reduce their rates. Although car owners need to have an understanding of how insurance companies price insurance differently.

How to find the cheapest auto insurance

To find the best auto insurance rates, there are several ways to compare quotes from many available auto insurance companies in your state. The easiest way to compare rates is to perform an online rate comparison. This is quite simple and can be completed in several different ways.

The fastest and easiest way to find the lowest comparison rates is a comparison rater form click to view form in new window. This style of form eliminates the need for repetitive form entry for each company you want a rate for. Completing one form gets you coverage quotes from multiple companies.

A more time consuming way to get comparison quotes consists of going to each company’s website and repeat the quote process again and again. For example, let’s assume you want to compare rates from USAA, 21st Century and Farmers. To get each rate you have to go to every website and type in your information over and over, which can get rather old.

For a list of links to companies insuring cars in your area, click here.

If you have time to kill, the last method to find cheaper rates is calling or driving to all the different insurance agencies. The fact that you can get quotes online reduces the need to sit down with an agent unless you want the professional assistance of a local agent. Drivers can obtain prices from the web and get advice from an agent in your area.

It’s up to you how you get prices quotes, just ensure you are comparing identical information on every quote you get. If you enter different coverage information you can’t possibly determine which rate is truly the best. Slightly different coverages may result in large price differences. It’s important to know that comparing all the rates in your area will improve the odds of getting a better price. Not every company provides quotes online, so you should also compare quotes from them, too.

Be skeptical of car insurance ads

GEICO, State Farm and Progressive consistently run television, radio, and online ads. They all try to convey promises about saving some big amount just by switching your car insurance coverage to their company. How can each company sell you cheaper insurance coverage? Here is the trick they use.

Most companies are able to cherry pick for the right customer that earns them the most money. One example of this type of insured might be described as a female over age 40, owns a home, and chooses high deductibles. Anyone who matches that profile will get the preferred prices and as a result will probably cut their rates substantially.

Consumers who don’t meet these criteria will probably be forced to pay more expensive rates which leads to the driver buying from a lower-cost company. If you pay close attention to the ads, they say “drivers who switch” but not “everyone who gets a quote” save that much money. This is how companies can truthfully claim big savings. Because each company has a different risk profile, you need to get price quotes at each policy renewal. It’s just not possible to know which car insurance company will give you lower rates than your current company.

Don’t miss with these seven discounts

Auto insurance companies don’t list every policy discount in a way that’s easy to find, so the following is a list of a few of the more well known and also the lesser-known credits available to lower your premiums when you buy auto insurance online.

  • Federal Employees – Active or retired federal employment could cut as much as 10% off on Five Hundred coverage depending on your company.
  • Anti-lock Brake System – Cars, trucks, and SUVs with anti-lock braking systems prevent accidents and the ABS can save up to 10%.
  • Fewer Miles Equal More Savings – Driving less can qualify you for slightly better rates than normal.
  • Distant College Student Discount – who attend college more than 100 miles from home and won’t have access to an insured vehicle could qualify for this discount.
  • Seat Belts Save – Drivers who require all vehicle occupants to buckle up before driving may be able to save a few bucks on the medical payments or PIP coverage costs.
  • Driver Education Discount – It’s a good idea to have your young drivers enroll and complete driver’s education as it will make them better drivers and lower rates.
  • Organization Discounts – Participating in a civic or occupational organization could trigger savings on auto insurance.

Keep in mind that most of the big mark downs will not be given the the whole policy. Most only reduce specific coverage prices like collision or personal injury protection. So despite the fact that it appears adding up those discounts means a free policy, companies wouldn’t make money that way.

A few of the larger companies and some of the discounts are:

  • State Farm offers discounts including defensive driving training, driver’s education, good student, accident-free, passive restraint, and Steer Clear safe driver discount.
  • Progressive has discounts for online signing, online quote discount, continuous coverage, multi-vehicle, homeowner, multi-policy, and good student.
  • Travelers has savings for home ownership, IntelliDrive, good student, multi-car, and new car.
  • American Family offers discounts for air bags, accident-free, TimeAway discount, multi-vehicle, and bundled insurance.
  • Liberty Mutual policyholders can earn discounts including teen driver discount, multi-policy, new vehicle discount, multi-car, new move discount, hybrid vehicle, and new graduate.

When quoting, ask every insurance company which credits you are entitled to. A few discounts might not be offered on policies everywhere. If you would like to see a list of providers who offer free auto insurance quotes, click this link.

Your situation helps dictate your coverage

When it comes to buying proper insurance coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Every situation is different so this has to be addressed. For example, these questions may help highlight whether your personal situation would benefit from an agent’s advice.

  • Does coverage extend to my business vehicle?
  • Is my state a no-fault state?
  • Do I have coverage for damage caused while driving under the influence?
  • Am I covered when using my vehicle for business?
  • Does medical payments coverage apply to all occupants?
  • How high should deductibles be on a 2016 Ford Five Hundred?
  • What are the best liability limits?

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of insurance coverage companies in your area.

Learn about insurance coverages for a 2016 Ford Five Hundred

Knowing the specifics of your policy aids in choosing which coverages you need for your vehicles. Policy terminology can be impossible to understand and reading a policy is terribly boring. These are the normal coverages found on most insurance policies.

Coverage for collisions

Collision coverage pays for damage to your Five Hundred resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as crashing into a ditch, backing into a parked car and scraping a guard rail. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP kick in for expenses for funeral costs, EMT expenses, ambulance fees and dental work. The coverages can be used in conjunction with a health insurance program or if you do not have health coverage. It covers all vehicle occupants as well as if you are hit as a while walking down the street. PIP is not available in all states and gives slightly broader coverage than med pay

Auto liability insurance

Liability insurance provides protection from damages or injuries you inflict on people or other property in an accident. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 100/300/100 which means a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability insurance covers things such as bail bonds, legal defense fees and emergency aid. The amount of liability coverage you purchase is a personal decision, but consider buying higher limits if possible.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries and also any damage incurred to your Ford Five Hundred.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.

Comprehensive auto coverage

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like vandalism, hitting a deer, damage from a tornado or hurricane and hail damage. The highest amount your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Quote more. Save more.

We just presented many tips how you can compare 2016 Ford Five Hundred insurance car insurance rates online. It’s most important to understand that the more companies you get premium rates for, the higher the chance of saving money. You may be surprised to find that the biggest savings come from a small local company. Smaller companies may have significantly lower premium rates on certain market segments as compared to the big name companies such as Progressive and GEICO.

When buying insurance coverage, don’t be tempted to buy less coverage just to save a little money. In many cases, an insured cut comprehensive coverage or liability limits only to regret at claim time that the savings was not a smart move. Your objective should be to get the best coverage possible at an affordable rate, but do not skimp to save money.

Budget-friendly insurance coverage can be purchased on the web in addition to local insurance agencies, so you should be comparing quotes from both to have the best rate selection. A few companies may not offer online quoting and usually these regional insurance providers sell through local independent agents.

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Comments About 2016 Ford Five Hundred Insurance

  1. Kara Bailey

    Just a quick comment on my experience. I’m from Dover, Delaware. I quoted with AIG Insurance, Sentry, and some smaller one I can’t remember the name of for my Five Hundred and saved just over $370 a year.

  2. Melonie Sawyer

    Does State Farm insure at replacement cost?

  3. Cleveland Meyers

    I compared a lot of rate quotes for a 2016 Ford Five Hundred in Tulsa, OK. Ended up at darn near $200 every six months with Auto-Owners.

  4. Theola Robles

    From Rochester, MN. Got free quotes online for a 2016 Ford Five Hundred. Ended up at about $200 savings annually. Went with Allstate. Thankfully I’m not a high risk driver.

  5. Kelle Humphrey

    I live just outside New Orleans, LA. Got car insurance quotes from Safeco, Eastwood, Allstate, and Auto-Owners for my 2016 Ford Five Hundred and saved $227 a year. Insured with Liberty Mutual before. I used their online quote form to compare rates.

  6. Tyron Jennings

    Live in Tampa, FL. Not sure of all the companies but I ended up saving about $70 each month.

  7. Leigh Walter

    If you’re a decent driver and live in the vicinity of Boston, MA, check out 21st Century. You might save some money. I just quoted rates online.