Cheaper 1993 Ford Five Hundred Insurance Rates

Have you had enough of not being able to afford to insure your Ford every month? You are in the same boat as the majority of other car owners. Multiple insurers compete for your insurance dollar, and because of this it can be hard to compare car insurance companies and get the best coverage at the lowest rate

Best discounts on 1993 Ford Five Hundred coverage

Insuring your fleet can be pricey, but discounts can save money and there are some available that many people don’t even know exist. Certain discounts will be triggered automatically when you quote, but some may not be applied and must be manually applied before you will receive the discount. If they aren’t giving you every credit you qualify for, you’re just leaving money on the table.

  • Passive Restraint Discount – Cars that have air bags and/or automatic seat belt systems can get savings of up to 25% or more.
  • Driver Safety – Completing a course in driver safety could possibly earn you a 5% discount if you qualify.
  • Accident Forgiveness – A handful of insurance companies will allow you to have one accident before your rates go up as long as you don’t have any claims for a certain period of time.
  • Theft Prevention System – Vehicles with anti-theft systems help deter theft and will save you 10% or more.
  • Good Students Pay Less – This discount can save 20 to 25%. The discount lasts until age 25.

A little note about advertised discounts, most discount credits are not given to the entire cost. A few only apply to specific coverage prices like medical payments or collision. Just because you may think it’s possible to get free car insurance, you’re out of luck. Any amount of discount will cut the cost of coverage.

For a list of insurers with discount insurance coverage rates, follow this link.

How to Compare Car Insurance Rates

Cutting your car insurance rates can be relatively painless. You just have to invest a little time comparing rate quotes from different insurance companies. This can be accomplished in just a few minutes using one of these methods.

  • Probably the best way consumers can analyze rates is an all-inclusive rate comparison like this one (opens in new window). This method prevents you from having to do repetitive form submissions to each individual car insurance company. One form gets rate comparisons from multiple companies.
  • A more difficult way to get quotes online is to take the time to go to the website for each individual company to complete a price quote. For instance, we’ll pretend you want to compare rates from GEICO, State Farm and GMAC. To get each rate you have to visit each site to enter your coverage information, which is why the first method is more popular. For a handy list of car insurance company links in your area, click here.
  • The most time-consuming method to compare rates is to drive around to local insurance agencies. The internet eliminates the need for an insurance agent unless you prefer the professional guidance of a licensed agent. You can, however, get the lowest quotes online and still use a local agent and we’ll talk about that later.

Which method you use is up to you, but make sure you use identical coverage information on every quote. If you use different limits and deductibles on each one it will be next to impossible to determine the best price for your Ford Five Hundred.

Ford Five Hundred insurance rates consist of many parts

An important part of buying insurance is that you know some of the elements that help determine the rates you pay for auto insurance. When you know what positively or negatively impacts premium levels enables informed choices that will entitle you to lower auto insurance prices.

The following are a partial list of the pieces auto insurance companies consider when setting prices.

  • Multi-policy discounts can save money – The majority of companies will give a discount to customers who carry more than one policy in the form of a multi-policy discount. If you currently are using one company, it’s still a good idea to compare rates to ensure the best deal.
  • With age comes lower rates – Older drivers tend to be more responsible, tend to cause fewer accidents and get fewer tickets. Teen drivers have a tendency to be more careless behind the wheel and because of this, their auto insurance rates are much higher.
  • Special features that cut premiums – Driving a car with an alarm system can get you a discount on your auto insurance. Theft prevention devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder car theft.
  • High deductibles save money – Your deductibles represent how much money you are willing to pay out-of-pocket before your auto insurance pays a claim. Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your car. Examples of covered claims could be colliding with a building, damage from fire, and burglary. The more money you’re willing to pay, the bigger discount you will receive on Five Hundred insurance.

Tailor your coverage to you

When it comes to buying the best insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs so your insurance should reflect that For example, these questions might point out whether you may require specific advice.

  • Am I covered when delivering products for my home-based business?
  • When do I need to add a new car to my policy?
  • Will my insurance pay for OEM parts?
  • What are the best liability limits?
  • Should I bundle my homeowners policy with my auto?
  • Am I covered if I hit my neighbor’s mailbox?
  • Are there companies who specialize in insuring high-risk drivers?

If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can provide invaluable advice.

Auto insurance ads bend the truth

Consumers get pounded daily by advertisements for cheaper car insurance by State Farm, GEICO and Progressive. They all say the same thing that you’ll save big after switching to their company.

How can each company claim to save you money? This is how they do it.

All companies have a preferred profile for the type of driver that makes them money. For example, a profitable customer might be between the ages of 40 and 55, has no driving citations, and drives less than 10,000 miles a year. A customer who matches those parameters will get very good rates and therefore will cut their rates substantially.

Consumers who fall outside this ideal profile will be quoted more money which usually ends up with the customer not buying. Company advertisements say “customers that switch” not “people who quote” save that much. That is how companies can truthfully make those claims.

This emphasizes why you should get a wide range of price quotes. It’s just too difficult to predict which insurance companies will give you the biggest savings on Ford Five Hundred insurance.

Car insurance coverage options for a 1993 Ford Five Hundred

Understanding the coverages of a car insurance policy can help you determine the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Shown next are the normal coverages offered by car insurance companies.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for things like rehabilitation expenses, pain medications, ambulance fees, hospital visits and EMT expenses. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Auto liability

Liability coverage protects you from damage or injury you incur to other people or property that is your fault. It protects you from claims by other people, and does not provide coverage for 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 policy limits of 100/300/100 that means you have a $100,000 limit per person for injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for claims like repair costs for stationary objects, funeral expenses, bail bonds, attorney fees and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying higher limits if possible.

Comprehensive coverage

This pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as hitting a deer, damage from getting keyed, damage from a tornado or hurricane, a broken windshield and a tree branch falling on your vehicle. The most a car insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Coverage for collisions

This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like hitting a parking meter, sustaining damage from a pot hole, driving through your garage door and crashing into a ditch. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your Ford Five Hundred.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Buy Smart and Save

We just presented a lot of techniques to shop for 1993 Ford Five Hundred insurance online. The most important thing to understand is the more you quote, the better your comparison will be. You may even find the lowest premiums are with a small local company. Regional companies may often insure only within specific states and give getter rates than their larger competitors like Allstate or State Farm.

While you’re price shopping online, it’s a bad idea to buy poor coverage just to save money. In many cases, an insured cut physical damage coverage and learned later that the few dollars in savings costed them thousands. The aim is to purchase a proper amount of coverage for the lowest price, not the least amount of coverage.

Even more information is available by following these links: