1997 Ford Five Hundred Insurance Rates – 7 Ways to Save

Trying to find better insurance rates for your Ford Five Hundred? Searching for cheap insurance over the internet may be impossible for people who are new to price shopping online. With such a large number of online companies, how can anyone possibly compare every company to locate the lowest price?

Save big with these seven discounts

Insuring your fleet can be pricey, but you may find discounts to cut the cost considerably. Most are applied at the time of quoting, but some may not be applied and must be specially asked for before they will apply.

  • Early Signing – A few companies offer discounts for switching to them prior to your current policy expiration. This can save 10% or more.
  • New Car Discount – Insuring a new car can save up to 30% since new cars are generally safer.
  • Discount for Good Grades – Performing well in school can earn a discount of 20% or more. This discount can apply until age 25.
  • Payment Method – If paying your policy premium upfront instead of monthly or quarterly installments you could save up to 5%.
  • Distant Student – Any of your kids who live away from home and do not have access to a covered vehicle may be able to be covered for less.
  • Passive Restraints and Air Bags – Vehicles equipped with air bags or motorized seat belts can receive discounts of 20% or more.
  • Drive Less and Save – Driving fewer miles could qualify for a substantially lower rate.

A little note about advertised discounts, most discounts do not apply to your bottom line cost. A few only apply to the price of certain insurance coverages like collision or personal injury protection. So even though they make it sound like you would end up receiving a 100% discount, companies wouldn’t make money that way. Any amount of discount will help reduce the cost of coverage.

Car insurance companies that may offer some of the above discounts are:

Before buying, ask each company which discounts you may be entitled to. Some discounts might not be offered in your state.

But I don’t know anything about car insurance

When buying the best auto insurance coverage, there isn’t really a best way to insure your cars. Each situation is unique.

Here are some questions about coverages that can help discover if your situation may require specific advice.

  • Can I make deliveries for my home business?
  • Does my policy cover my teen driver if they drive my company car?
  • Does my car insurance cover rental cars?
  • Is my Ford Five Hundred covered if I use it for business?
  • How can I find cheaper teen driver insurance?
  • What companies insure drivers after a DUI or DWI?
  • Is my 1997 Ford Five Hundred covered for smoke damage?
  • Should I buy full coverage?
  • Does insurance cover damages from a DUI accident?
  • Should I rate my 1997 Ford Five Hundred as pleasure use or commute?

If you don’t know the answers to these questions, you might consider talking to an agent. To find an agent in your area, fill out this quick form.

Ads can be misleading

Allstate, GEICO and Progressive constantly bombard you with ads on TV and radio. All the companies have a common claim that you can save if you switch your coverage to them. How do they all claim to save you money?

Different companies have a certain “appetite” for the type of customer that earns them a profit. A good example of a preferred risk could be a mature driver, has no prior claims, and has a short commute. Any driver who meets those qualifications receives the best rates and therefore will pay quite a bit less when switching companies.

Drivers who don’t measure up to this ideal profile must pay a more expensive rate which usually ends up with business going elsewhere. The ads state “customers that switch” not “everybody who quotes” save that kind of money. That’s the way companies can advertise the way they do.

This illustrates why you need to get as many quotes as possible. It’s impossible to know the company that will give you the biggest savings on Ford Five Hundred insurance.

Insurance coverages and their meanings

Learning about specific coverages of insurance aids in choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring.

Comprehensive coverages – This coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like a tree branch falling on your vehicle, damage from getting keyed and hitting a bird. The maximum amount a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Coverage for medical payments – Med pay and PIP coverage pay for immediate expenses like nursing services, EMT expenses and pain medications. The coverages can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. They cover you and your occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Coverage for liability – Liability coverage protects you from damage that occurs to people or other property that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 25/50/25 which stand for a $25,000 limit per person for injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for things like medical expenses, pain and suffering and repair bills for other people’s vehicles. How much coverage you buy is up to you, but it’s cheap coverage so purchase higher limits if possible.

Collision coverage – Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims like hitting a parking meter, sustaining damage from a pot hole and backing into a parked car. 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 raise the deductible in order to get cheaper collision rates.

Uninsured and underinsured coverage – This coverage provides protection from other motorists when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Ford Five Hundred.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally these limits are set the same as your liablity limits.

Stretch your dollar

As you restructure your insurance plan, don’t be tempted to skimp on coverage in order to save money. In many instances, drivers have reduced comprehensive coverage or liability limits to discover at claim time that saving that couple of dollars actually costed them tens of thousands. The aim is to get the best coverage possible at an affordable rate while not skimping on critical coverages.

Consumers switch companies for many reasons like extreme rates for teen drivers, policy non-renewal, high rates after DUI convictions or not issuing a premium refund. Whatever your reason, switching insurance coverage companies can be less work than you think.

Lower-priced 1997 Ford Five Hundred insurance can be found from both online companies as well as from independent agents, and you need to price shop both in order to have the best chance of saving money. Some insurance providers don’t offer online quoting and usually these small, regional companies provide coverage only through local independent agents.

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