Trying to find lower insurance rates for your Ford Five Hundred? Pretty sure you bought high-priced insurance? You’re in good company because many consumers are feeling buyer’s remorse and feel like there’s no way out.
Companies like Allstate and Progressive all claim big savings, bombarding you with catchy ads and it can be hard to not get sucked in by the cute commercials and effectively compare rates to find the best deal.
There are a variety of methods you can shop for auto insurance and some are easier and takes less work. You can waste a lot of time talking about coverages with insurance agencies in your area, or you could use the web to get rate comparisons in just a few minutes.
Most car insurance companies belong to an insurance system that enables customers to submit their information once, and each participating company can give them a price based on that information. This eliminates the need for quote forms for each company you want a rate for.
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The only downside to pricing coverage this way is you cannot specify the insurers you want to price. If you prefer to choose specific providers for rate comparison, we have assembled a list of companies who write auto insurance in your area. View list of insurance companies.
Whichever way you choose to compare rates, compare equivalent coverage limits for every quote you compare. If each company quotes different liability limits then you won’t be able to make a fair comparison for your Ford Five Hundred. Quoting even small variations in coverages could throw off the whole comparison. It’s important to know that having more price comparisons helps increase your odds of locating better pricing. Some companies don’t provide online quotes, so you also need to get quotes from those companies as well.
Insurance companies such as Allstate and Progressive seem to constantly run ads on television and other media. They all seem to have a common claim about savings just by switching your policy. How is it plausible that every one can give you a lower rate? This is how they do it.
All the different companies have specific guidelines for the type of driver that makes them money. For example, this type of driver might be described as a mature driver, has no prior claims, and drives a lower-performance vehicle. Any person who matches that profile is entitled to the best price and is almost guaranteed to pay quite a bit less when switching companies.
Consumers who are not a match for those standards may be forced to pay more expensive rates and the driver buying from a lower-cost company. The wording the ads use say “drivers who switch” not “everyone that quotes” save that much. That’s the way insurance companies can confidently make the claims of big savings.
Different companies use different criteria so it is so important to compare quotes as often as possible. It is just not possible to predict with any certainty which company will give you lower rates than your current company.
Not too many consumers would say car insurance is affordable, but there could be available discounts that can dramatically reduce your bill. Some discounts apply automatically at the time you complete a quote, but once in a while a discount must be asked about prior to getting the savings.
It’s important to understand that some of the credits will not apply to the entire cost. Most cut the price of certain insurance coverages like physical damage coverage or medical payments. If you do the math and it seems like you could get a free car insurance policy, you aren’t that lucky.
A partial list of companies that may offer quotes with many of the previously listed discounts include:
When quoting, ask every prospective company which discounts they offer. Some credits might not apply in your area. For a list of car insurance companies that offer some of these discounts, click this link.
When it comes to buying the best car insurance coverage, there really is no “best” method to buy coverage. Every insured’s situation is different and your policy should reflect that. For instance, these questions might help in determining if you would benefit from an agent’s advice.
If it’s difficult to answer those questions then you might want to talk to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier
Understanding the coverages of insurance helps when choosing the best coverages for your vehicles. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Shown next are the normal coverages found on most insurance policies.
Liability insurance provides protection from damages or injuries you inflict on people or other property in an accident. This insurance protects YOU from claims by other people, and does not provide coverage for damage to your own property or vehicle.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 100/300/100 that means you have $100,000 bodily injury coverage, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Another option is one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.
Liability can pay for claims like bail bonds, structural damage, funeral expenses and loss of income. How much coverage you buy is a personal decision, but buy as much as you can afford.
Medical expense insurance
Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for things like rehabilitation expenses, funeral costs, dental work and EMT expenses. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to both the driver and occupants and also covers being hit by a car walking across the street. PIP is only offered in select states but can be used in place of medical payments coverage
Collision coverage protection
Collision coverage pays for 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 can pay for things like damaging your car on a curb, sideswiping another vehicle, colliding with a tree, hitting a mailbox and driving through your garage door. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible in order to get cheaper collision rates.
Protection from uninsured/underinsured drivers
This provides protection when the “other guys” do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your Ford Five Hundred.
Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually these limits do not exceed the liability coverage limits.
Comprehensive (Other than Collision)
This pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things like falling objects, theft and rock chips in glass. The maximum payout your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
We’ve covered a lot of ways to compare 1994 Ford Five Hundred insurance prices online. The key concept to understand is the more quotes you get, the better your comparison will be. You may even discover the biggest savings come from a smaller regional carrier. Some small companies may cover specific market segments cheaper than their larger competitors like Allstate, GEICO and Progressive.
Some insurance providers don’t offer price quotes online and most of the time these regional insurance providers work with independent insurance agencies. Low-cost 1994 Ford Five Hundred insurance can be sourced on the web and from local insurance agents, and you need to comparison shop both to have the best chance of lowering rates.
Much more information about insurance coverage can be read on the following sites: