How Much Does 2001 Ford Five Hundred Insurance Cost?

Wish you could get a refund on an underperforming, overpriced insurance policy? Say no more because there are a lot of people just like you who feel imprisoned by their insurance policy.

Multiple car insurance companies compete for your hard-earned dollar, so it can be very hard to choose a insurer to get the lowest cost out there.

You should take the time to do price comparisons before your next renewal due to the fact that insurance prices fluctuate regularly. Even if you got the lowest rates on Five Hundred coverage a few years ago the chances are good that you can find a lower premium rate today. Block out anything you think you know about insurance because you’re about to learn one of the easiest ways to buy cheaper insurance.

If you have car insurance now, you stand a good chance to be able to save some money using these tips. Choosing the best insurance company for you is quite easy. Nevertheless, drivers should learn how companies price insurance differently and take advantage of how the system works.

Educated choices result in lower insurance prices

Smart consumers have a good feel for some of the factors that help calculate your policy premiums. If you understand what determines base rates, this helps enable you to make changes that could result in lower premium levels.

Shown below are some of the most rate-impacting factors utilized by car insurance companies to help set premiums.

  • Marriage discount – Having a significant other can actually save you money on your policy. It generally demonstrates drivers are less irresponsible it has been statistically shown that married couples file fewer claims.
  • Filing policy claims can cost more – If you are the type of insured that files lots of claims you can look forward to either a policy non-renewal or much higher rates. Companies provide most affordable rates to insureds who only file infrequent claims. Auto insurance is intended to be relied upon for the large, substantial claims.
  • Physical damage deductibles – Insurance for physical damage, termed comprehensive and collision coverage on your policy, covers your vehicle from damage. Some coverage claims are a broken windshield, flood damage, and having your car stolen. Comp and collision deductibles define how much you are willing to pay out-of-pocket before your car insurance pays a claim. The larger the amount you are required to pay out-of-pocket, the less your car insurance will be on Five Hundred coverage.
  • Small coverages can add up – There are quite a few additional extra coverages that can add up if you aren’t diligent. Coverage for things like roadside assistance, better glass coverage, and membership fees are examples of these. They may sound like good ideas at first, but your needs may have changed so get rid of them and save.
  • Liability safeguards assets – Your policy’s liability coverage will provide protection if ever you are responsible for causing damage or personal injury in an accident. This coverage provides legal defense coverage up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so buy as much as you can afford.

How to compare auto insurance rate quotes

Comparing auto insurance rates can be a lot of work if you don’t utilize the fastest way to get free quotes. You can spend your afternoon driving to local insurance agents in your area, or you can stay home and use the internet to maximize your effort.

Most major companies are enrolled in a marketplace that allows shoppers to submit their information once, and each company returns a rated price for coverage. This system prevents you from having to do form submissions to each individual auto insurance company.

To submit your quote information now, click to open in new window.

The only downside to getting quotes like this is you can’t choose the providers you want pricing from. So if you want to choose from a list of companies to compare rates, we put together a list of the cheapest auto insurance companies in your area. Click here to view list.

It’s up to you which method you use, but be sure to compare identical coverage limits on every quote. If you enter different deductibles it will be impossible to make a fair comparison for your Ford Five Hundred. Having just a slight variation in insurance coverages or limits could skew the results. It’s important to know that comparing all the rates in your area will improve the odds of getting the best offered rates. Not every company allows you to get online quotes, so you need to compare quotes from them as well.

Lower rate quotes by earning discounts

Insurance is easily one of your largest bills, but there may be some discounts that can drop the cost substantially. Certain discounts will be triggered automatically when you purchase, but once in a while a discount must be specifically requested before they will apply.

  • Bundled Policy Discount – If you combine your auto and homeowners policies with one company you could get a discount of at least 10 to 15 percent or more.
  • Buy New and Save – Putting coverage on a new car may earn a small discount due to better safety requirements for newer vehicles.
  • Homeowners Discount – Simply owning a home may trigger a policy discount on insurance since owning and maintaining a home means you have a higher level of financial diligence.
  • Safety Restraint Discount – Drivers who require all vehicle occupants to wear their seat belts may be able to save a few bucks on the premium charged for medical payments and/or PIP.
  • Defensive Driver Discount – Passing a course teaching driver safety skills is a good idea and can lower rates if you qualify.

We need to note that some of the credits will not apply the the whole policy. A few only apply to the price of certain insurance coverages like collision or personal injury protection. So even though it sounds like you would end up receiving a 100% discount, nobody gets a free ride.

A list of companies and some of their more popular discounts are:

  • State Farm policyholders can earn discounts including Steer Clear safe driver discount, multiple autos, safe vehicle, anti-theft, and good driver.
  • GEICO discounts include driver training, seat belt use, anti-lock brakes, military active duty, good student, and emergency military deployment.
  • Allstate has savings for safe driver, premier discount, anti-theft, anti-lock brakes, auto/life discount, and farm vehicle.
  • SAFECO may have discounts that include accident prevention training, anti-theft, safe driver, teen safe driver, drive less, and homeowner.
  • Farm Bureau may include discounts for youthful driver, good student, 55 and retired, multi-policy, and multi-vehicle.
  • Progressive offers discounts for homeowner, online quote discount, online signing, good student, and continuous coverage.
  • AAA includes discounts for multi-policy, good student, multi-car, AAA membership discount, good driver, anti-theft, and education and occupation.

Check with every insurance company how many discounts you can get. Some credits may not be available in your area. To view insurance companies that have a full spectrum of discounts, click here.

Your insurance coverage coverage should be tailored to you

When it comes to choosing the best insurance coverage coverage, there really is not a “perfect” insurance plan. Every insured’s situation is different so your insurance needs to address that. Here are some questions about coverages that can aid in determining if your situation might need professional guidance.

  • Does coverage extend to my business vehicle?
  • Can I afford to buy a different vehicle if my 2001 Ford Five Hundred is totaled?
  • Am I covered when driving someone else’s vehicle?
  • When should I drop full coverage on my 2001 Ford Five Hundred?
  • When can I cancel my policy?
  • What are the best liability limits?
  • What can I do if my company won’t pay a claim?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Coverage specifics

Knowing the specifics of a car insurance policy can help you determine the right coverages and the correct deductibles and limits. Car insurance terms can be confusing and nobody wants to actually read their policy. Below you’ll find typical coverage types offered by car insurance companies.

Comprehensive coverages

Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as hail damage, theft and hitting a deer. The most you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Coverage for medical payments

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for things like nursing services, dental work and pain medications. They are used to fill the gap from your health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not an option in every state and gives slightly broader coverage than med pay

Auto liability insurance

Liability coverage protects you from damage that occurs to a person or their property that is your fault. This insurance protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 100/300/100 which stand for $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.

Liability can pay for things such as legal defense fees, loss of income, pain and suffering and emergency aid. The amount of liability coverage you purchase is a personal decision, but buy as high a limit as you can afford.

Uninsured and underinsured coverage

Your UM/UIM coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Collision protection

Collision coverage covers damage to your Five Hundred resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things like scraping a guard rail, crashing into a ditch and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Another option is to bump up the deductible to save money on collision insurance.

Get your money’s worth

The cheapest 2001 Ford Five Hundred insurance is definitely available online and with local insurance agents, so get free car insurance quotes from both of them to have the best selection. A few companies may not provide the ability to get a quote online and these smaller companies only sell through local independent agents.

We just presented some good ideas how you can lower your 2001 Ford Five Hundred insurance rates. It’s most important to understand that the more companies you get car insurance rates for, the better likelihood of getting affordable car insurance. Consumers may even find the lowest rates come from some of the smallest insurance companies. Regional companies may only write in your state and offer lower car insurance rates as compared to the big name companies such as Allstate, GEICO and Progressive.

To read more, feel free to browse these articles: