1994 Ford Five Hundred Insurance Rates – 7 Tips to Save

Trying to find cheaper insurance rates for your Ford Five Hundred? Searching for cheaper insurance for a Ford Five Hundred could be an all-consuming task, but you can learn our insurance buying tips to save time.

There are more efficient ways to find insurance online so we’re going to tell you the proper way to quote coverages for your Ford and obtain the lowest price from both online companies and local agents.

You should take the time to check insurance prices quite often because rates are variable and change quite frequently. Just because you found the best price for Five Hundred insurance two years ago you can probably find a better price now. Block out anything you think you know about insurance because you’re about to learn the quickest way to buy cheaper insurance.

Insurance Comparisons

Reducing your 1994 Ford Five Hundred insurance rates isn’t really that difficult. Consumers just need to take the time comparing price quotes from different insurance companies. It is quite easy and can be accomplished in several different ways.

One of the best ways to find the lowest comparison rates is to use a rate comparison form click here to open form in new window. This form eliminates the need for repetitive form submissions for each company. A single form compares rates from many national carriers. Recommended for those who want to invest the least amount of time.
A harder way to shop for insurance online consists of visiting the website of each company to complete a price quote. For instance, let’s assume you want to compare rates from Auto-Owners, Allstate and GMAC. To get rate quotes you would need to go to every website to input your insurance information, which is why the first method is more popular. For a list of links to insurance companies in your area, click here.

It’s your choice how you get your quotes, but make sure you use exactly the same coverages for every quote you compare. If you enter unequal deductibles or liability limits it will be next to impossible to determine which rate is truly the best.

Lots of discounts mean lots of savings

Car insurance is not cheap, but you can get discounts to help bring down the price. Larger premium reductions will be automatically applied at the time you complete a quote, but some may not be applied and must be specially asked for in order for you to get them. If you’re not getting every credit you deserve, you are throwing money away.

Passive Restraints and Air Bags – Vehicles equipped with air bags or automatic seat belts can receive discounts of more than 20%.
More Vehicles More Savings – Insuring multiple cars or trucks on one policy qualifies for this discount.
Save with a New Car – Insuring a new car can be considerably cheaper since new cars are generally safer.
Multi-policy Discount – If you have multiple policies with the same insurance company you could get a discount of up to 20% off your total premium.
Drivers Ed for Students – Require your teen driver to enroll in driver’s education if offered at their school.
Clubs and Organizations – Affiliation with a qualifying organization could trigger savings when buying insurance coverage for Five Hundred insurance.
Low Mileage – Fewer annual miles on your Ford can earn discounted rates on garaged vehicles.

It’s important to understand that some credits don’t apply the the whole policy. Most only cut individual premiums such as liability and collision coverage. Even though it may seem like you would end up receiving a 100% discount, you won’t be that lucky. Any qualifying discounts will bring down your overall premium however.

A partial list of companies that may offer these benefits are:

It’s a good idea to ask each insurance company how you can save money. Discounts might not apply everywhere.

Situations that might require an agent

When buying the right insurance coverage, there is no one size fits all plan. Your needs are not the same as everyone else’s.

Here are some questions about coverages that might point out whether your personal situation could use an agent’s help.

Does my policy pay for OEM or aftermarket parts?
Do I need replacement cost coverage?
Does having multiple vehicles earn me a discount?
Does my insurance cover a custom paint job?
Is rental equipment covered for theft or damage?
Should I buy only the required minimum liability coverage?

If you can’t answer these questions, you may need to chat with a licensed agent. If you want to speak to an agent in your area, take a second and complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.

Insurance policy specifics

Understanding the coverages of a insurance policy can be of help when determining appropriate coverage and the correct deductibles and limits. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

Medical costs insurance

Medical payments and Personal Injury Protection insurance reimburse you for expenses such as X-ray expenses, pain medications, surgery, doctor visits and ambulance fees. They can be used to fill the gap from your health insurance program or if there is no health insurance coverage. It covers both the driver and occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and may carry a deductible

Comprehensive or Other Than Collision

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as falling objects, hail damage, hitting a bird, a tree branch falling on your vehicle and theft. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Liability auto insurance

This will cover damage or injury you incur to other people or property that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability 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 a total limit of $25,000 for damage to vehicles and property. Another option is one number which is a combined single limit that pays claims from the same limit without having the split limit caps.

Liability insurance covers claims like repair costs for stationary objects, repair bills for other people’s vehicles and legal defense fees. How much coverage you buy is up to you, but buy higher limits if possible.

Coverage for collisions

This covers damage to your Five Hundred resulting from a collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision can pay for claims like crashing into a ditch, hitting a parking meter, colliding with a tree, driving through your garage door and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. It’s also possible to increase the deductible to bring the cost down.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and damage to your Ford Five Hundred.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is very important. Most of the time the UM/UIM limits are similar to your liability insurance amounts.