Finding cheaper insurance for your Ford Five Hundred could be a painful process, but you can use a few tricks to find lower rates.
There is a better way to compare auto insurance rates and we’ll show you the absolute fastest way to quote coverages for a new or used Ford and find the lowest possible price from local insurance agents and online providers.
You should make it a habit to take a look at other company’s rates yearly since rates are rarely the same from one policy term to another. Just because you found the best price for Five Hundred coverage a year ago other companies may now be cheaper. You can find a lot of misleading information regarding auto insurance online but with this article, you’re going to get a bunch of ideas how to slash your auto insurance rates.
The method we recommend to compare rates utilizes the fact almost all companies pay for the opportunity to provide you with a free rate quote. To begin a comparison, all you need to do is provide details such as if you are currently licensed, if it has an alarm system, your job, and if you’re married. That rating data is submitted instantly to multiple insurance coverage providers and you receive quotes within a short period of time.
Properly insuring your vehicles can get expensive, but there could be available discounts that you may not even be aware of. Some discounts apply automatically at the time of quoting, but some may not be applied and must be specially asked for prior to getting the savings. If you’re not getting every credit you deserve, you’re paying more than you need to.
A little note about advertised discounts, some of the credits will not apply to all coverage premiums. Some only reduce the cost of specific coverages such as liability, collision or medical payments. So when it seems like you could get a free car insurance policy, companies don’t profit that way. Any qualifying discounts will help reduce the cost of coverage.
For a list of insurance companies with the best car insurance discounts, click here to view.
When it comes to buying coverage, there really is not a best way to insure your cars. Everyone’s needs are different.
Here are some questions about coverages that may help highlight whether or not you could use an agent’s help.
If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.
Understanding the coverages of your insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.
Comprehensive insurance coverage pays for damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive insurance covers things like damage from getting keyed, hitting a deer, theft and fire damage. The highest amount you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.
Med pay and Personal Injury Protection (PIP)
Medical payments and Personal Injury Protection insurance kick in for immediate expenses like dental work, pain medications, surgery and nursing services. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants as well as any family member struck as a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay
Coverage for liability
This will cover damages or injuries you inflict on other’s property or people by causing an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit which limits claims to one amount without having the split limit caps.
Liability coverage pays for things such as funeral expenses, structural damage, repair bills for other people’s vehicles, attorney fees and bail bonds. How much liability should you purchase? That is up to you, but you should buy higher limits if possible.
Collision coverage will pay to fix damage to your Five Hundred 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 can pay for claims such as driving through your garage door, hitting a mailbox, colliding with a tree and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. It’s also possible to raise the deductible to save money on collision insurance.
Uninsured/Underinsured Motorist (UM/UIM)
This coverage provides protection when the “other guys” do not carry enough liability coverage. This coverage pays for 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 limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Normally these limits are set the same as your liablity limits.
We’ve covered some good ideas how you can get a better price on 2002 Ford Five Hundred insurance. The most important thing to understand is the more quotes you get, the higher the chance of saving money. You may even find the biggest savings come from a small mutual company.
When you buy insurance online, it’s very important that you do not skimp on critical coverages to save a buck or two. Too many times, someone sacrificed collision coverage only to discover later that the few dollars in savings costed them thousands. Your focus should be to buy the best coverage you can find at the best price, not the least amount of coverage.
Drivers who switch companies do it for a variety of reasons including delays in responding to claim requests, high rates after DUI convictions, denial of a claim and even unfair underwriting practices. It doesn’t matter why you want to switch choosing a new insurance company is not as difficult as it may seem.
More detailed insurance coverage information can be read by following these links: