Save on 2014 Ford Five Hundred Insurance Cost

Are you a victim of an overpriced car insurance policy? Trust us, there are many consumers feeling the pinch from expensive car insurance. Consumers have many car insurance companies to purchase coverage from, and even though it’s nice to have a choice, so many choices can make it hard to find the best rates for your vehicles.

Smart consumers take time to price shop coverage yearly due to the fact that insurance rates change quite often. If you had the best rates for Five Hundred coverage two years ago you can probably find a better price now. Block out anything you think you know about car insurance because we’re going to demonstrate the tricks you need to know to buy cheaper car insurance.

Why your Ford Five Hundred insurance rates may be high

It’s important that you understand some of the elements that go into determining the price you pay for car insurance. When you know what positively or negatively influences your rates helps enable you to make changes that may reward you with better car insurance rates.

Listed below are some of the items that factor into rates.

  • Your age impacts your rates – More mature drivers are more cautious drivers, statistically cause fewer accidents and receive fewer citations. Teen drivers are statistically proven to be less responsible when driving and because of this, their car insurance rates are much higher.
  • Rural vs Urban Areas – Choosing to live in a small town can save you money when insuring your vehicles. Lower population means fewer accidents as well as less vandalism and auto theft. Drivers in populated areas regularly have traffic congestion and longer commutes to work. Higher commute times means higher likelihood of an accident.
  • Battle of the sexes – Statistics show that women are safer drivers than men. However, don’t assume that women are better drivers. Men and women tend to get into accidents at a similar rate, but the men cause more damage and cost insurance companies more money. Men also statistically get more serious tickets like reckless driving and DUI.
  • Safer cars are cheaper to insure – Cars with high safety ratings tend to have better insurance rates. These vehicles result in less severe injuries and fewer injuries translates into fewer and smaller insurance claims and thus lower rates. If your Ford Five Hundred earned at least 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.
  • Your spouse saves you money – Having a wife or husband actually saves money when buying car insurance. Having a significant other translates into being more mature and it’s statistically proven that drivers who are married are more cautious.

Save with discounts on Ford Five Hundred insurance

Car insurance companies don’t always advertise every discount in a way that’s easy to find, so here is a list some of the more common and the more hidden discounts you could be receiving. If you aren’t receiving every discount you qualify for, you are paying more than you should be.

  • Homeowners Pay Less – Owning a home can help you save on insurance coverage because of the fact that having a home is proof that your finances are in order.
  • 55 and Retired – Mature drivers may qualify for a discount up to 10% for Five Hundred coverage.
  • Discount for New Cars – Adding a new car to your policy can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • Sign Early and Save – Some insurance companies reward drivers for buying a policy before your current expiration date. It can save you around 10%.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to use their safety belts can save 10% or more off your medical payments premium.

As a disclaimer on discounts, most credits do not apply to your bottom line cost. A few only apply to individual premiums such as physical damage coverage or medical payments. So despite the fact that it appears all those discounts means the company will pay you, it just doesn’t work that way.

To see a list of insurers with the best insurance coverage discounts, follow this link.

Tailor your coverage to you

When it comes to buying the right insurance coverage, there really is no best way to insure your cars. Everyone’s needs are different and your policy should reflect that. Here are some questions about coverages that may help you determine if your situation might need professional guidance.

  • Should I put collision coverage on all my vehicles?
  • Are my friends covered when driving my 2014 Ford Five Hundred?
  • Does coverage extend to Mexico or Canada?
  • Is pleasure use cheaper than using my 2014 Ford Five Hundred to commute?
  • Does my personal policy cover me when driving out-of-state?
  • Are split liability limits better than a combined single limit?
  • I have good health insurance, so how much medical payments coverage do I need?
  • How much liability insurance is required?
  • Is my nanny covered when driving my vehicle?
  • Can I pay claims out-of-pocket if I buy high deductibles?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It is quick, free and may give you better protection.

Insurance coverages explained

Learning about specific coverages of your policy can be of help when determining which coverages you need for your vehicles. Policy terminology can be ambiguous and reading a policy is terribly boring. Listed below are the usual coverages found on the average insurance policy.

Medical expense coverage

Coverage for medical payments and/or PIP provide coverage for immediate expenses for things like hospital visits, ambulance fees, prosthetic devices, rehabilitation expenses and X-ray expenses. They are often used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Comprehensive protection

This covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like vandalism, falling objects, hail damage, fire damage and damage from a tornado or hurricane. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Auto collision coverage

Collision insurance covers damage to your Five Hundred resulting from a collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims such as crashing into a ditch, scraping a guard rail, hitting a parking meter and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. It’s also possible to choose a higher deductible to bring the cost down.

Uninsured or underinsured coverage

This coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Ford Five Hundred.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Coverage for liability

This coverage provides protection from damage or injury you incur to other’s property or people in an accident. This coverage protects you against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 100/300/100 which means a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery.

Liability coverage pays for claims like medical expenses, repair costs for stationary objects, attorney fees, emergency aid and repair bills for other people’s vehicles. How much liability should you purchase? That is your choice, but you should buy higher limits if possible.

Save your hard earned cash

While you’re price shopping online, make sure you don’t skimp on coverage in order to save money. Too many times, an insured dropped physical damage coverage only to regret at claim time they didn’t purchase enough coverage. Your goal should be to buy enough coverage for the lowest price while not skimping on critical coverages.

Budget-conscious 2014 Ford Five Hundred insurance can be purchased from both online companies in addition to many insurance agents, and you should be comparing both to get a complete price analysis. Some insurance providers do not provide online price quotes and most of the time these smaller companies sell through independent agents.

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