2008 Ford Five Hundred Insurance Rates – 9 Tricks for Cheaper Quotes

Want the cheapest insurance rates for your Ford Five Hundred? Finding affordable insurance is always nearly impossible for beginners to comparing rates online. There are so many choices that it can easily become a real challenge to find the best price.

You need to shop coverage around every six months because prices change frequently. Despite the fact that you may have had the best deal on Five Hundred insurance two years ago you can probably find a better price now. Forget anything you know (or think you know) about insurance because I’m going to let you in on the secrets to the things you must know in order to find better coverage at a better price.

How to Compare Insurance Costs

The are a couple different ways to compare quotes from insurance companies in your area. The quickest method to compare 2008 Ford Five Hundred insurance prices involves getting comparison quotes online. This can be done in just a few minutes using one of these methods.

  1. Probably the best way to get quotes is an all-inclusive rate comparison like this one (opens in new window). This easy form saves time by eliminating separate quotation requests to each individual insurance company. In just a few minutes this one form will get you price quotes from insurance companies with the best prices. It’s the fastest way to compare.
  2. A harder way to compare prices requires a trip to each individual company website to complete their respective quote request forms. For example, we’ll pretend you want to compare rates from Progressive, Safeco and Farmers. You would have to go to every website and enter your information, which is why the first method is quicker.

    To view a list of companies in your area, click here.

  3. The least recommended way of comparing rate quotes is to waste gas driving to and from local insurance agencies. The ability to buy insurance online eliminates the need for an insurance agent unless you prefer the personal advice that only a license agent can provide. It is possible to get prices online but still have the advice of a local agent and we’ll cover that in a bit.

It doesn’t matter which method you choose, just be sure to compare identical information on every quote. If you are comparing differing limits it will be next to impossible to make an equal comparison. Just a small difference in coverages may result in large price differences. And when comparing insurance rates, know that quoting more helps locate the best price.

Cut your auto insurance rates with these nine discounts

Car insurance companies do not advertise all their discounts in a way that’s easy to find, so we break down both the well known and the harder-to-find auto insurance savings.

  • Passive Restraint Discount – Vehicles equipped with air bags and/or automatic seat belt systems may earn rate discounts of up to 25% or more.
  • Senior Citizens – Older drivers can possibly qualify for a discount up to 10% on Five Hundred insurance.
  • Multiple Cars – Buying insurance for all your vehicles on one policy may reduce the rate for each vehicle.
  • Payment Method – By paying your policy upfront rather than paying monthly you may reduce your total bill.
  • 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 particular time prior to the accident.
  • Safe Driver Discount – Drivers who don’t get into accidents may receive a discount up to 45% less on Five Hundred insurance than less cautious drivers.
  • Military Rewards – Being on active duty in the military may qualify for rate reductions.
  • Resident Student – Youth drivers living away from home attending college and do not have access to a covered vehicle can be insured at a reduced rate.
  • Sign Online – Certain companies will give a small break for buying your policy online.

It’s important to understand that most discount credits are not given to the entire policy premium. Most cut the price of certain insurance coverages like medical payments or collision. So when the math indicates you would end up receiving a 100% discount, you won’t be that lucky.

A partial list of companies who might offer these discounts are:

Check with every prospective company which discounts you may be entitled to. Discounts might not be offered in your area.

You are unique and your auto insurance should be too

When it comes to choosing the right insurance coverage for your vehicles, there isn’t really a one size fits all plan. Each situation is unique.

These are some specific questions can help discover whether you might need professional guidance.

  • How much liability do I need to cover my assets?
  • Does my 2008 Ford Five Hundred qualify for pleasure use?
  • What is high-risk coverage and where do I buy it?
  • When would I need additional glass coverage?
  • Should I buy only the required minimum liability coverage?
  • How much underlying liability do I need for an umbrella policy?
  • Does medical payments coverage apply to all occupants?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to an agent. To find an agent in your area, simply complete this short form.

Specific coverage details

Understanding the coverages of a insurance policy can help you determine the right coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement.

Uninsured/Underinsured Motorist coverage

This coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Ford Five Hundred.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Auto collision coverage

This coverage will pay to fix damage to your Five Hundred caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as sustaining damage from a pot hole, scraping a guard rail, damaging your car on a curb, colliding with a tree and driving through your garage door. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to bump up the deductible in order to get cheaper collision rates.

Liability insurance

Liability coverage can cover damage that occurs to 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. You commonly see policy limits of 50/100/50 that translate to a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.

Liability coverage pays for things like court costs, medical expenses, emergency aid, loss of income and repair bills for other people’s vehicles. How much liability should you purchase? That is up to you, but consider buying as large an amount as possible.

Comprehensive coverage

This coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like rock chips in glass, damage from getting keyed, hitting a bird, damage from a tornado or hurricane and hitting a deer. The maximum amount your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage pay for bills such as EMT expenses, X-ray expenses and prosthetic devices. They are often used to fill the gap from your health insurance plan or if you lack health insurance entirely. It covers all vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

In the end, you save

We’ve covered many ways to shop for 2008 Ford Five Hundred insurance online. The key thing to remember is the more companies you get rates for, the better chance you’ll have of finding lower rates. Consumers may even find the lowest priced auto insurance comes from some of the smallest insurance companies.

As you go through the steps to switch your coverage, it’s not a good idea to skimp on critical coverages to save a buck or two. There are too many instances where drivers have reduced collision coverage only to regret that the few dollars in savings costed them thousands. The ultimate goal is to purchase plenty of coverage at an affordable rate while not skimping on critical coverages.

Consumers who switch companies do it for many reasons like not issuing a premium refund, questionable increases in premium, policy non-renewal or high prices. It doesn’t matter what your reason, choosing a new company can be easier than you think.

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