How Much Does 2014 Ford Five Hundred Car Insurance Cost in 2024?

Searching for lower car insurance rates for your Ford Five Hundred? Confused by the dozens of car insurance choices? Many other drivers are too. There are so many choices to choose from that it can turn into a ton of work to compare prices.

It’s a good idea to check car insurance prices once or twice a year because car insurance rates are constantly changing. Even if you think you had the lowest premium rates for Five Hundred insurance at your last renewal you can probably find a better price now. Ignore everything you know about car insurance because you’re about to find out one of the easiest ways to reduce your cost while improving coverage.

Buying more affordable protection is quite easy. Just about every vehicle owner who carries car insurance stands a good chance to be able to reduce their rates. Nevertheless, drivers must understand how companies sell insurance online and use this information to your advantage.

Take advantage of these money-saving discounts

Companies do not advertise all possible discounts very clearly, so the list below contains both the well known and the harder-to-find credits available to lower your premiums when you buy insurance online.

• Multiple Vehicles – Drivers who insure several vehicles with one company qualifies for this discount.
• Organization Discounts – Joining specific professional or occupational memberships or organizations is a good way to get lower rates on insurance.
• Payment Method – If you can afford to pay the entire bill rather than paying in monthly installments you can avoid the installment charge.
• Good Student Discount – Maintaining excellent grades can get you a discount of up to 25%. Most companies allow this discount up to age 25.
• New Car Discount – Putting insurance on a new car can save you some money compared to insuring an older model.
• E-sign – Some of the larger companies may give you up to $50 shop insurance online.
• Data Collection Discounts – Policyholders that allow driving data submission to track vehicle usage by using a small device installed in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system might get better premium rates if they are good drivers.
• Auto/Home Discount – If you can combine your auto and home policy with one company you could get a discount of up to 20% off your total premium.
• Active Military Service – Being deployed with a military unit could qualify you for better prices.
• Drivers Ed for Students – Reduce the cost of insurance for teen drivers by having them successfully take a drivers education course as it can save substantially.

One last thing about discounts, most discounts do not apply to your bottom line cost. Most cut the price of certain insurance coverages like liability, collision or medical payments. Despite the appearance that having all the discounts means you get insurance for free, you’re out of luck.

To choose insurance companies who offer cheap insurance quotes, enter your zip code here.

How to compare free car insurance rate quotes

Performing a rate comparison can be a daunting task if you aren’t aware of the fastest way to get free quotes. You can waste a few hours (or days) talking about coverages with insurance companies in your area, or you could save time and use online quotes for quick rates.

The majority of car insurance companies take part in a program that allows shoppers to send in one quote, and each participating company can give them a price based on the submitted data. This saves time by eliminating quote forms to every company. To compare rates now enter your zip code here.

The one downside to using this type of form is buyers cannot specifically choose which insurance companies you want to price. So if you want to select individual companies to request quotes from, we have a listing of the cheapest car insurance companies in your area. Click to enter zip code.

It doesn’t matter which method you choose, just make sure you use exactly the same quote data with each company. If the quotes have different coverage information it will be very difficult to make an equal comparison. Slightly different limits can result in a big premium difference. And when price shopping your coverage, comparing more rates from different companies increases the change that you will find the best offered rates.

Why your insurance costs might be higher

A large part of saving on insurance coverage is knowing the factors that aid in calculating your policy premiums. When consumers understand what controls the rates you pay, this allows you to make educated decisions that could result in big savings. Lots of factors are used in the calculation when quoting car insurance. Some of the criteria are obvious such as traffic violations, but other criteria are not quite as obvious such as your marital status or how financially stable you are.

• Prevent insurance coverage policy lapses – Allowing your insurance coverage policy to lapse is a fast way to increase your rates. Not only will you pay more, being ticketed for driving with no insurance could earn you a revoked license or a big fine. You will then be forced to file a SR-22 with your state department of motor vehicles.
• Gender matters – Statistics demonstrate that females take fewer risks when driving. It does not mean men are WORSE drivers than women. Females and males get in auto accidents at about the same rate, but the males tend to have higher claims. In addition to higher claims, males also get more serious tickets like DWI (DUI) or reckless driving. Young men ages 16 to 20 have the highest risk to insure and therefore are the most expensive to insure.
• Raising coverage deductibles saves money – Your deductibles are the amount of money you are willing to pay out-of-pocket if a claim is determined to be covered. Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. Some coverage claims could be collision with another vehicle, hail damage, and damage caused by road hazards. The more expense you have to pay, the less your company will charge you for insurance for Five Hundred insurance.
• Only buy what you need – Policies have extra bells and whistles you can purchase if you don’t pay attention. Coverages for vanishing deductibles, accident forgiveness, and membership fees are some examples. They may seem good when you first buy your policy, but if you have no use for them get rid of them and save.
• Youthful drivers cost more – Youthful drivers have a tendency to be inattentive when driving so they pay higher insurance coverage rates. Parents adding a young driver to your policy will cause a huge premium hike. Older, more experienced drivers are proven to be safer behind the wheel, tend to file fewer claims , and usually have better credit.

Do I need special coverages?

When it comes to choosing the right insurance coverage, there really is not a cookie cutter policy. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that might help in determining whether or not you would benefit from professional advice.

• What are the financial responsibility laws in my state?
• Am I covered when pulling a rental trailer?
• Do I need replacement cost coverage?
• How much can I save by bundling my policies?
• Do I need rental car coverage?
• What should my uninsured motorist coverage limits be in my state?
• Which companies will insure high-risk drivers?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, simply complete your zip code.

Educate yourself about car insurance coverages

Learning about specific coverages of your policy can help you determine appropriate coverage for your vehicles. The terms used in a policy can be ambiguous and reading a policy is terribly boring.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants and damage to your 2014 Ford Five Hundred.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Liability coverage – Liability coverage can cover damages or injuries you inflict on other people or property that is your fault. It protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged property. Another option is one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.

Liability coverage protects against things such as repair bills for other people’s vehicles, structural damage and legal defense fees. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Comprehensive auto coverage – This pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as rock chips in glass, hitting a deer, damage from getting keyed and hail damage. The maximum payout your car insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills such as nursing services, hospital visits, dental work and chiropractic care. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Collision – This coverage will pay to fix damage to your Five Hundred caused by collision with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like colliding with a tree, sustaining damage from a pot hole, backing into a parked car, sideswiping another vehicle and rolling your car. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. You can also increase the deductible in order to get cheaper collision rates.

Saving money makes a lot of cents

We just presented some good ideas how you can save on 2014 Ford Five Hundred insurance. The key thing to remember is the more rate quotes you have, the better chance you’ll have of finding the cheapest insurance. You may be surprised to find that the lowest priced insurance coverage comes from some of the smallest insurance companies.

Cheaper insurance coverage can be bought online in addition to local insurance agencies, and you should compare price quotes from both in order to have the best price selection to choose from. Some companies may not offer online price quotes and most of the time these small insurance companies only sell coverage through independent agents.

Insureds switch companies for a variety of reasons including lack of trust in their agent, policy non-renewal, policy cancellation and unfair underwriting practices. Regardless of your reason, finding a new insurance coverage company can be easier than you think.