Cheaper 2012 Ford Five Hundred Insurance Quotes

Sick and tired of trying to scrape together enough money to pay your car insurance bill each month? You’re in the same situation as most other car owners.

There are many auto insurance companies to purchase coverage from, and although it’s a good thing to have a choice, it makes it harder to compare company pricing.

Locating the lowest cost car insurance is easy if you know what you’re doing. Essentially every vehicle owner who shops for car insurance should be able to find better rates. Although consumers must know how the larger insurance companies compete online because it can help you find the best coverage.

Cheap Car Insurance Comparisons

Comparing car insurance rates is a ton of work if you don’t know the most efficient way. You could spend the better part of a day talking about coverages with local insurance agents in your area, or you can stay home and use online quotes to quickly compare rates.

All the larger companies enroll in a system that allows shoppers to submit one quote, and at least one company can give them a price determined by their information. This prevents consumers from doing quotation requests for each company you want a rate for.

To participate in this free quote system, click to open in new window.

The single downside to using this type of system is that consumers can’t choose the companies to get quotes from. So if you want to select specific insurance companies for rate comparison, we have a page of low cost car insurance companies in your area. Click here to view list.

It’s up to you how you get prices quotes, just ensure you are comparing the exact same information on every quote you get. If each company quotes different values for each quote it will be very difficult to determine the lowest rate for your Ford Five Hundred. Slightly different coverages can mean a large discrepancy in price. And when comparison shopping, having more price comparisons will enable you to find the best price.

Policy discounts you shouldn’t miss

Insuring your vehicles can cost a lot, but there are discounts available that can drop the cost substantially. Certain discounts will be triggered automatically at the time of quoting, but some must be inquired about prior to receiving the credit.

  • Good Students Pay Less – Performing well in school can get you a discount of up to 25%. The good student discount can last until age 25.
  • Student Driver Training – Cut your cost by having your teen driver take driver’s ed class in high school.
  • Defensive Driver – Taking a course teaching defensive driving skills could possibly earn you a 5% discount depending on where you live.
  • Auto/Life Discount – Some companies give better rates if you take out life insurance from them.
  • No Charge for an Accident – Certain companies permit an accident before your rates go up so long as you haven’t had any claims for a certain period of time.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems can avoid accidents and qualify for as much as a 10% discount.
  • College Student – Children who attend school more than 100 miles from home and do not have access to a covered vehicle may qualify for this discount.
  • Discount for Swiching Early – Some insurance companies reward drivers for buying a policy prior to your current policy expiration. The savings is around 10%.

Keep in mind that some of the credits will not apply to all coverage premiums. Most only reduce the price of certain insurance coverages like comprehensive or collision. So even though it sounds like adding up those discounts means a free policy, it just doesn’t work that way. Any qualifying discounts will bring down the cost of coverage.

To see a list of insurers offering insurance discounts, click here.

Parts of the Ford Five Hundred rate equation

Smart consumers have a good feel for the factors that help determine your insurance coverage rates. Understanding what impacts premium levels empowers consumers to make smart changes that may reward you with big savings.

  • Poor driving leads to higher costs – Careful drivers receive lower rates than bad drivers. Only having one speeding ticket can boost insurance rates twenty percent or more. Drivers who get serious violations such as reckless driving, hit and run or driving under the influence may be required to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to continue driving.
  • Pay less if you’re married – Getting married helps lower the price on your insurance coverage policy. Having a significant other means you’re more responsible and it’s proven that drivers who are married are more cautious.
  • High credit ratings translate to low rates – A driver’s credit rating is a big factor in calculating your insurance coverage rates. Consumers who have good credit tend to be less risk to insure than those with lower credit scores. So if your credit rating can use some improvement, you could be paying less to insure your 2012 Ford Five Hundred by spending a little time repairing your credit.
  • You might want pay the small claims yourself – If you tend to file frequent claims, you can look forward to higher rates. Insurance companies provide discounts to drivers who do not file claims often. Insurance coverage is intended for larger claims.
  • Liability insurance protects assets – The liability section of your policy will protect you when a jury decides you are liable for damages from an accident. It will provide legal defense up to the limits shown on your policy. Liability insurance is quite affordable compared to insuring for physical damage coverage, so do not skimp.
  • More miles equals more premium – The more miles you rack up on your Ford every year the higher your rates will be. Most companies charge to insure your cars based on their usage. Cars and trucks used primarily for pleasure use receive lower rates than vehicles that are driven to work every day. If your policy improperly rates your Five Hundred can cost quite a bit. Double check that your insurance coverage policy is rated on how each vehicle is driven, because improper ratings can cost you money.
  • Safe vehicles cost less to insure – Vehicles with high crash test scores are cheaper to insure. The safest vehicles protect occupants better and better occupant protection means lower claim amounts and thus lower rates. If your Ford scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.

Insurance agents can help

When choosing the best insurance coverage coverage, there isn’t really a best way to insure your cars. Everyone’s situation is a little different so your insurance should reflect that For instance, these questions may help highlight if your situation would benefit from an agent’s advice.

  • Is rental equipment covered for theft or damage?
  • What vehicles should carry emergency assistance coverage?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Is my camper covered by my car insurance policy?
  • What if I owe more than I can insure my car for?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Should I buy full coverage?
  • How does medical payments coverage work?
  • If my 2012 Ford Five Hundred is totaled, can I afford another vehicle?

If you can’t answer these questions, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies.

Auto insurance coverage options for a 2012 Ford Five Hundred

Learning about specific coverages of your policy aids in choosing appropriate coverage and proper limits and deductibles. Policy terminology can be ambiguous and nobody wants to actually read their policy. Below you’ll find the usual coverages available from auto insurance companies.

Comprehensive auto coverage

Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as hitting a bird, hail damage, theft, vandalism and falling objects. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and also any damage incurred to your 2012 Ford Five Hundred.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Frequently the UM/UIM limits do not exceed the liability coverage limits.

Medical payments and PIP coverage

Med pay and PIP coverage provide coverage for short-term medical expenses for things like X-ray expenses, hospital visits and prosthetic devices. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP is not available in all states but can be used in place of medical payments coverage

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 coverage protects against claims like rolling your car, sustaining damage from a pot hole, sideswiping another vehicle, crashing into a building and damaging your car on a curb. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Liability car insurance

This can cover damage or injury you incur to people or other property in an accident. This insurance protects YOU against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 50/100/50 which stand for a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Another option is a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like loss of income, attorney fees, court costs, medical expenses and repair costs for stationary objects. How much coverage you buy is a personal decision, but buy as large an amount as possible.

Affordable insurance is out there

We just covered a lot of information how to lower your 2012 Ford Five Hundred insurance rates. It’s most important to understand that the more price quotes you have, the more likely it is that you will get a better rate. You may even find the best prices are with the least-expected company. Some small companies may have significantly lower rates on certain market segments than their larger competitors like State Farm, Geico and Nationwide.

As you prepare to switch companies, it’s very important that you do not skimp on critical coverages to save a buck or two. Too many times, drivers have reduced collision coverage only to find out that they should have had better coverage. Your focus should be to purchase plenty of coverage at a price you can afford.

Discount insurance can be found online and also from your neighborhood agents, and you need to price shop both to get a complete price analysis. Some insurance companies may not provide you the ability to get quotes online and usually these small insurance companies provide coverage only through local independent agents.

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