2000 Ford Five Hundred Insurance Cost – 9 Discounts for Cheapest Prices

Expensive car insurance can drain your savings account and make it impossible to make ends meet. Comparing price quotes is free and is an excellent way to reduce premiums and put more money in your pocket.

Consumers have many auto insurance companies to buy insurance from, and although it’s nice to be able to choose, lots of choices makes it harder to find the best rates for your vehicles.

Finding affordable coverage is not that difficult. If you currently have a car insurance policy, you will be able to lower your premiums substantially using this information. But vehicle owners must understand how companies determine prices because it can help you find the best coverage.

The method we recommend to compare car insurance company rates utilizes the fact car insurance companies will pay a fee to compare rate quotes. The one thing you need to do is give them rating details such as whether you drive to work or school, if it has an alarm system, how old drivers are, and how much education you have. That information is then sent to insurance carriers in your area and they provide comparison quotes instantly.

To compare multiple company rates now, click here and find out if lower rates are available.

Save money by taking advantage of these nine discounts

Companies don’t list all their discounts in a way that’s easy to find, so we took the time to find some of the more common and the more hidden savings tricks you should be using.

• Resident Student – Kids in college who attend school more than 100 miles from home and do not have a car can receive lower rates.
• Discount for Life Insurance – Companies who offer life insurance give a discount if you purchase auto and life insurance together.
• Federal Government Employee – Being employed by or retired from a federal job may qualify you for a discount for Five Hundred coverage with select insurance companies.
• E-sign – Some insurance companies give back up to $50 simply for signing over the internet.
• Low Mileage Discounts – Low mileage vehicles could qualify for better rates on cars that stay parked.
• Passive Restraints and Air Bags – Vehicles with factory air bags or automatic seat belts can qualify for discounts of more than 20%.
• Drivers Education – Require your teen driver to enroll in driver’s education if it’s offered in school.
• New Vehicle Savings – Adding a new car to your policy can save up to 30% since new cars are generally safer.
• Seat Belts Save – Drivers who require all occupants to wear their seat belts can save up to 15% off the personal injury premium cost.

A little note about advertised discounts, some of the credits will not apply to the overall cost of the policy. Most only apply to specific coverage prices like physical damage coverage or medical payments. So when the math indicates you can get free auto insurance, you won’t be that lucky.

For a list of providers who offer insurance coverage discounts, click here.

When should I use an insurance agent?

When it comes to buying proper insurance coverage, there isn’t really a best way to insure your cars. Every insured’s situation is different so your insurance needs to address that. Here are some questions about coverages that may help highlight if your insurance needs might need an agent’s assistance.

• Can my babysitter drive my car?
• Does coverage extend to a rental car in a foreign country?
• What is the rate difference between pleasure use and commuting?
• Do I have coverage when pulling a U-Haul trailer?
• Will I lose any money if I cancel my policy before it expires?
• Do I need added coverage for expensive stereo equipment?
• Does my car insurance cover rental cars?
• Is there coverage for injuries to my pets?
• Which is better, split liability limits or combined limits?

If you don’t know the answers to these questions, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.

Detailed coverages of your insurance policy

Having a good grasp of a insurance policy aids in choosing which coverages you need for your vehicles. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Shown next are typical coverage types found on the average insurance policy.

Comprehensive insurance – This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as vandalism, falling objects, damage from a tornado or hurricane and hitting a deer. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Collision coverages – Collision coverage covers damage to your Five Hundred from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like sideswiping another vehicle, scraping a guard rail, backing into a parked car, rolling your car and hitting a parking meter. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Liability insurance – This can cover damage that occurs to people or other property. It protects YOU against claims from other people. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 100/300/100 that means you have $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage protects against things like emergency aid, attorney fees and repair bills for other people’s vehicles. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as much as you can afford.

Uninsured/Underinsured Motorist (UM/UIM) – This provides protection when other motorists either have no liability insurance or not enough. This coverage pays for injuries to you and your family and also any damage incurred to your 2000 Ford Five Hundred.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP pay for immediate expenses such as surgery, X-ray expenses, prosthetic devices and chiropractic care. They are often used to fill the gap from your health insurance program or if you do not have health coverage. It covers you and your occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay