Lower Your 2016 Ford Five Hundred Insurance Cost in 2024

Searching for cheaper car insurance rates for your Ford Five Hundred? Car insurance shoppers not familiar with shopping for car insurance online may find purchasing inexpensive insurance coverage is harder than they anticipated.

If you currently have car insurance, you will most likely be able to lower your premiums substantially using this information. Shopping for the cheapest coverage is simple if you know the tricks. Nevertheless, consumers can benefit by having an understanding of the methods companies use to price insurance differently and apply this information to your search.

The quickest way to compare insurance rates in your area is to take advantage of the fact car insurance companies provide online access to quote your coverage. To begin a comparison, all you need to do is take a few minutes to give details including what your job is, distance driven, if you have an active license, and deductibles desired. Your details is then sent to many of the top insurers and you will receive price estimates immediately.

To compare rates now, click here and see if a lower rate is available.

Lower rate quotes by applying discounts

Insuring your vehicles can cost a lot, but you might already qualify for some discounts that may help make it more affordable. Some discounts will apply when you purchase, but some discounts are required to be inquired about in order for you to get them.

• Theft Deterrent – Cars optioned with advanced anti-theft systems can help prevent theft and will save you 10% or more.
• Pay Upfront and Save – If you pay your bill all at once instead of making monthly payments you can avoid the installment charge.
• Student in College – College-age children who are enrolled in higher education away from home and don’t have a car can receive lower rates.
• Driver Education Discount – Cut your cost by having your teen driver complete a driver education course if offered at their school.
• Military Discounts – Having a deployed family member could qualify you for better premium rates.
• Buy New and Save – Insuring a new car can be considerably cheaper because newer models are generally safer.

A little note about advertised discounts, most discounts do not apply to the entire policy premium. Some only apply to the price of certain insurance coverages like comprehensive or collision. If you do the math and it seems like you could get a free car insurance policy, it just doesn’t work that way.

A list of car insurance companies and a partial list of their discounts are shown below.

• State Farm has savings for student away at school, anti-theft, Drive Safe & Save, defensive driving training, and multiple autos.
• Esurance discounts include anti-lock brakes, DriveSense, safety device, homeowner, and good driver.
• Progressive may have discounts that include multi-vehicle, good student, online quote discount, online signing, multi-policy, and homeowner.
• Liberty Mutual has discounts for new vehicle discount, safety features, newly married, multi-car, good student, and hybrid vehicle.
• Auto-Owners Insurance offers premium reductions for safe vehicle, good student, teen driver, paperless, company car, and air bags.
• GEICO may offer discounts for driver training, daytime running lights, military active duty, federal employee, air bags, multi-vehicle, and anti-theft.

If you need lower rates, check with each company or agent what discounts are available to you. Some discounts listed above may not apply to policyholders in your area. To view insurance companies that offer many of these discounts, enter your zip code here.

Your insurance coverage coverage should be tailored to you

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

For instance, these questions could help you determine if your situation will benefit from professional help.

• Does car insurance cover theft of personal property?
• Can I still get insurance after a DUI?
• Is a fancy paint job covered?
• Can I drive in Mexico and have coverage?
• I have health insurance so do I need medical payments coverage?
• Is my camper covered by my car insurance policy?
• Is a blown tire covered by insurance?
• When can my company non-renew my policy?

If it’s difficult to answer those questions then you might want to talk to a licensed agent. If you don’t have a local agent, take a second and enter your zip code.

Auto insurance policy coverages for a Ford Five Hundred

Learning about specific coverages of auto insurance can be of help when determining the right coverages at the best deductibles and correct limits. Policy terminology can be confusing and even agents have difficulty translating policy wording.

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

Collision coverage protects against things such as scraping a guard rail, sustaining damage from a pot hole, driving through your garage door and hitting a parking meter. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.

Comprehensive protection – This coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as a tree branch falling on your vehicle, hitting a deer, a broken windshield, fire damage and vandalism. The most your auto insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Coverage for liability – Liability coverage can cover damages or injuries you inflict on other people or property. This insurance protects YOU against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Occasionally you may see one number which is a combined single limit that pays claims from the same limit without having the split limit caps.

Liability coverage pays for things like bail bonds, legal defense fees, funeral expenses and medical services. How much liability should you purchase? That is your choice, but you should buy as large an amount as possible.

Medical expense coverage – Coverage for medical payments and/or PIP provide coverage for immediate expenses like dental work, surgery and hospital visits. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Ford Five Hundred.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually the UM/UIM limits do not exceed the liability coverage limits.