Cheaper 1995 Ford Five Hundred Car Insurance Rates

Looking for the cheapest insurance rates for your Ford Five Hundred? Have you had enough of scraping the payment together to buy car insurance? You are no different than many other drivers.

Online insurance companies like Allstate, Liberty Mutual and State Farm all claim big savings, bombarding you with fancy advertisements and it is difficult to ignore the propoganda and effectively compare rates to find the best deal.

If you currently have a car insurance policy, you will be able to save some money using these methods. Finding affordable coverage is quite easy. Although vehicle owners can benefit from knowing the way insurance companies price insurance differently and apply this information to your search.

Pay less by taking advantage of discounts

Car insurance companies don’t always advertise every available discount very well, so here is a list both well-publicized as well as the least known savings tricks you should be using.

  • Auto/Home Discount – When you have multiple policies with one insurance company you may save at least 10% off all policies.
  • Accident Waiver – A few companies permit an accident before your rates go up if you are claim-free for a certain period of time.
  • Paperwork-free – Certain companies may give you up to $50 for buying a policy and signing up over the internet.
  • No Accidents – Drivers who don’t have accidents can save substantially compared to bad drivers.
  • Multiple Cars – Having all your vehicles on one policy may reduce the rate for each vehicle.
  • Government Employees – Active or retired federal employment could cut as much as 10% off for Five Hundred coverage depending on your company.
  • Low Mileage – Driving fewer miles could be rewarded with lower rates on the low mileage vehicles.

Consumers should know that some credits don’t apply to the entire cost. Most only cut the cost of specific coverages such as medical payments or collision. So even though they make it sound like having all the discounts means you get insurance for free, you won’t be that lucky.

Insurance companies that may have these money-saving discounts include:

It’s a good idea to ask every prospective company what discounts are available to you. Some discounts might not be offered everywhere.

Your coverage should be tailored to you

When choosing adequate coverage, there is no cookie cutter policy. Everyone’s situation is a little different so this has to be addressed. For instance, these questions could help you determine if your situation would benefit from an agent’s advice.

  • Do I need special endorsements for business use of my vehicle?
  • Should I sign the liability waiver when renting a car?
  • Should I bundle my homeowners policy with my auto?
  • Should I buy more coverage than the required minimum liability coverage?
  • Can I afford low physical damage deductibles?
  • What if I don’t agree with a claim settlement offer?

If you’re not sure about those questions then you might want to talk to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies.

Insurance coverage ads bend the truth

Companies like State Farm and Allstate regularly use ads on TV and radio. All the ads say the same thing of big savings if you move your coverage to them. How can each company say the same thing?

All the different companies have a certain “appetite” for the type of driver that earns them a profit. A good example of a driver they prefer might be between 25 and 40, has no tickets, and has a high credit rating. A propective insured who matches those parameters is entitled to the best price and most likely will save a lot of money.

Potential insureds who don’t meet these standards will be quoted more money which leads to the customer not buying. The ads state “customers who switch” not “everyone that quotes” save that much money. That’s why companies can advertise the savings. This emphasizes why you absolutely need to get a wide range of price quotes. It’s just too difficult to predict which insurance coverage company will have the lowest Ford Five Hundred insurance rates.

Car insurance 101

Understanding the coverages of a auto insurance policy aids in choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Listed below are the normal coverages offered by auto insurance companies.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses such as funeral costs, dental work and prosthetic devices. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Liability

Liability coverage can cover damages or injuries you inflict on a person or their property by causing an accident. It protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability can pay for things such as bail bonds, pain and suffering, emergency aid and attorney fees. The amount of liability coverage you purchase is up to you, but buy as high a limit as you can afford.

Auto collision coverage

Collision insurance covers damage to your Five Hundred caused by collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as rolling your car, colliding with another moving vehicle, hitting a mailbox and backing into a parked car. This coverage can be expensive, so you might think about dropping it from vehicles that are older. You can also bump up the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as damage to your 1995 Ford Five Hundred.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.

Comprehensive coverage

This coverage pays for 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 claims like fire damage, a broken windshield, a tree branch falling on your vehicle, damage from a tornado or hurricane and damage from getting keyed. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Cheaper insurance is a realistic goal

We’ve covered a lot of information how to save on 1995 Ford Five Hundred insurance. The key concept to understand is the more rate comparisons you have, the higher your chance of finding lower rates. Drivers may discover the biggest savings come from a company that doesn’t do a lot of advertising. These companies often have lower prices on specific markets as compared to the big name companies such as Progressive and Geico.

The cheapest insurance can be found both online and with local insurance agents, and you need to price shop both in order to have the best price selection to choose from. There are still a few companies who do not offer online quoting and many times these small, regional companies only sell through independent insurance agents.

When trying to cut insurance costs, it’s very important that you do not reduce needed coverages to save money. There are a lot of situations where an insured cut comprehensive coverage or liability limits and found out when filing a claim that it was a big error on their part. Your strategy should be to find the BEST coverage at an affordable rate while not skimping on critical coverages.

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