2002 Ford Five Hundred Insurance Quotes

No one in their right mind cherishes buying insurance, particularly when the cost is too high.

Many car insurance companies vie for your business, so it’s not easy to compare every insurer to discover the definitive best price available.

It’s important to check insurance prices yearly because prices are variable and change quite frequently. Even if you got the best deal for Five Hundred insurance a year ago other companies may now be cheaper. There is a lot of wrong information about insurance online but with this article, you’re going to get some great ways to stop overpaying for insurance.

More discounts equal less premium

Insuring your fleet can be pricey, but you can get discounts to cut the cost considerably. Most are applied at the time of purchase, but a few must be manually applied before being credited.

  • Federal Employees – Being employed by or retired from a federal job may qualify you for a discount for Five Hundred insurance depending on your company.
  • Clubs and Organizations – Participating in a professional or civic organization is a good way to get lower rates on your policy for Five Hundred insurance.
  • Defensive Driver – Taking a course teaching defensive driving skills can save you 5% or more depending on where you live.
  • Theft Prevention Discount – Vehicles with anti-theft systems prevent vehicle theft and earn discounts up to 10%.
  • No Accidents – Drivers who don’t have accidents can save substantially compared to bad drivers.
  • Seat Belts Save – Drivers who require all occupants to use their safety belts can save 10% or more off your PIP or medical payments premium.
  • E-sign – A few companies give back up to $50 just for signing your application on their website.

Keep in mind that some of the credits will not apply to the entire policy premium. Most only apply to individual premiums such as liability and collision coverage. So even though they make it sound like you would end up receiving a 100% discount, companies don’t profit that way. Any amount of discount will bring down your premiums.

Companies that possibly offer these benefits are:

It’s a good idea to ask every prospective company which discounts you may be entitled to. Some discounts may not apply in every state.

Vehicle Insurance Comparison

There are a variety of methods to compare 2002 Ford Five Hundred insurance quotes, but one way is less labor-intensive and much quicker. You could spend your day talking to insurance agencies in your area, or you could save time and use online quoting to quickly compare rates.

All the larger companies participate in a marketplace where insurance shoppers send in one quote, and each participating company then returns a price quote based on the submitted data. This eliminates the need for form submissions to every company.

To enter your information into the quoting system, click here to start a free quote.

The only drawback to pricing coverage this way is that consumers can’t choose the companies to receive prices from. If you prefer to choose specific providers for rate comparison, we put together a list of the cheapest insurance companies in your area. View list of insurance companies.

It’s up to you which method you use, but ensure you’re using exactly the same coverages and limits with each company. If you are comparing different values for each quote it will be very difficult to determine the best price for your Ford Five Hundred. Having just a slight variation in limits may result in a large different in cost. And when price shopping your coverage, obtaining a wide range of quotes will enable you to find the best offered rates.

Parts of the Ford Five Hundred rate equation

It’s important that you understand the rating factors that go into determining the price you pay for auto insurance. Having a good understanding of what influences your rates enables informed choices that could result in lower auto insurance prices.

Listed below are a partial list of the pieces auto insurance companies consider when setting premiums.

  • A clean driving record saves money – Your driving record impacts your car insurance rates tremendously. Even a single citation can boost insurance rates twenty percent or more. Careful drivers tend to pay less for car insurance than their less careful counterparts. Drivers who get dangerous violations like reckless driving, hit and run or driving under the influence may be required to submit a SR-22 form with the DMV in their state in order to prevent a license revocation.
  • Don’t buy coverages you don’t need – There are a ton of extra bells and whistles that can waste your money when buying auto insurance. Coverages for roadside assistance, accident forgiveness and term life insurance may be costing you every month. These coverages may sound good when you first buy your policy, but if they’re wasting money eliminate them to save money.
  • Don’t sacrifice liability coverage – Liability coverage provides coverage if ever you are found to be at fault for personal injury or accident damage. It will provide legal defense coverage up to the limits shown on your policy. This coverage is very inexpensive when compared with rates for comp and collision, so do not skimp.
  • Multiple policies with one company can save – Most companies provide better rates to insureds who have multiple policies with them, otherwise known as a multi-policy discount. Even though this discount sounds good, you may still want to shop around to verify if the discount is saving money. You may still be able to find a better deal by buying insurance from more than one company.
  • Occupation reflects on rates – Occupations like real estate brokers, executives and accountants are shown to have higher rates than average in part from high stress and lengthy work days. On the flip side, professions such as farmers, athletes and retirees pay the least for Five Hundred insurance.
  • Discounts for married couples – Getting married helps lower the price when buying auto insurance. Marriage usually means you are more mature it has been statistically shown that married drivers get in fewer accidents.

It’s not one size fits all

When it comes to buying the best car insurance coverage for your vehicles, there really is no perfect coverage plan. Everyone’s needs are different and a cookie cutter policy won’t apply. These are some specific questions may help highlight if your insurance needs will benefit from professional help.

  • Do I pay less if my vehicle is kept in my garage?
  • Where can I find DUI or SR-22 insurance?
  • When would I need additional glass coverage?
  • Who is covered when they drive my 2002 Ford Five Hundred?
  • Is business property covered if stolen from my car?
  • Do I need special endorsements for business use of my vehicle?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies.

Insurance coverage specifics

Learning about specific coverages of your policy can help you determine the best coverages and the correct deductibles and limits. Policy terminology can be confusing and even agents have difficulty translating policy wording. Listed below are the usual coverages offered by insurance companies.

Liability insurance

Liability insurance can cover injuries or damage you cause to other people or property that is your fault. This insurance protects YOU against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 50/100/50 which means $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Another option is a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability can pay for claims such as structural damage, emergency aid, funeral expenses, legal defense fees and loss of income. How much coverage you buy is up to you, but buy as much as you can afford.

Comprehensive (Other than Collision)

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like theft, a tree branch falling on your vehicle, falling objects and hail damage. The highest amount your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Medical expense insurance

Med pay and PIP coverage kick in for bills like doctor visits, pain medications, rehabilitation expenses, funeral costs and prosthetic devices. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is only offered in select states and may carry a deductible

Protection from uninsured/underinsured drivers

This coverage gives you protection from other motorists when they do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your Ford Five Hundred.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally these coverages are set the same as your liablity limits.

Auto collision coverage

Collision coverage pays for damage to your Five Hundred resulting from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like damaging your car on a curb, sustaining damage from a pot hole and crashing into a building. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.

Get your money’s worth

We covered many tips how you can lower your 2002 Ford Five Hundred insurance rates. It’s most important to understand that the more quotes you get, the better likelihood of reducing your rate. You may even discover the best price on auto insurance is with a lesser-known regional company. These companies may often insure only within specific states and give getter rates as compared to the big name companies such as Progressive and Geico.

When you buy insurance online, do not buy poor coverage just to save money. Too many times, an insured dropped uninsured motorist or liability limits and found out when filing a claim that their decision to reduce coverage ended up costing them more. Your strategy should be to buy the best coverage you can find at an affordable rate.

Cheaper insurance can be purchased both online as well as from independent agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance providers don’t offer the ability to get a quote online and many times these smaller companies only sell through independent insurance agents.

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