How Much Does 2004 Ford Five Hundred Insurance Cost?

Want better insurance rates for your Ford Five Hundred? Trying to come up with a payment for overpriced insurance can sap your personal savings and put a big crunch on your finances.

Due to the abundance of online and local companies to choose from, it’s nearly impossible to choose the cheapest insurance company.

It’s a great practice to price shop coverage on a regular basis due to the fact that insurance rates are rarely the same from one policy term to another. Just because you found the best rate for Five Hundred coverage at your last renewal there may be better deals available now. There is a lot of wrong information about insurance online, but in just a couple of minutes you can learn the best ways to lower your insurance premiums.

Compare auto insurance price quotes online

All major auto insurance companies like Allstate and Progressive allow you to get price estimates directly from their websites. Obtaining pricing doesn’t take a lot of time as you simply type in your coverage information into the quote form. When the form is submitted, their quoting system makes automated requests for information on your driving record and credit history and returns pricing information based on these and other factors. Online quotes makes it easy to compare insurance prices but having to visit several different sites and type in your information can be a bit tiresome and repetitive. But it is imperative to do this if you want to find better prices.

A better way to lower your auto insurance bill is to use a quote form that gets prices from more than one company. The form is fast, helps eliminate reptitive entry, and makes rate comparisons a little more enjoyable. Immediately after you send the form, your coverage is rated and you are able to buy any of the resulting price quotes.

If the quotes result in lower rates, you can click and sign and purchase the new policy. The entire process just takes a couple of minutes and may result in a nice savings.

In order to get comparison pricing now, simply click here to open in new window and enter your information. To compare your current rates, we recommend you duplicate coverages and limits exactly as shown on your declarations page. This ensures you will get comparison quotes based on similar coverages.

Get lower rates by taking advantage of discounts

Companies don’t necessarily list the entire discount list very well, so the below list has a few of the more common and also the more inconspicuous discounts you could be receiving when you buy insurance coverage online. If you do not double check each discount you qualify for, you are not getting the best rate possible.

  • Organization Discounts – Joining qualifying employment or professional organizations may earn a discount when getting a insurance coverage quote.
  • Switch and Save Discount – Some insurance companies provide a discount for switching policies before your current coverage expires. It can save you around 10%.
  • Discount for Home Ownership – Owning a house may earn you a small savings since owning and maintaining a home requires a higher level of personal finance.
  • Early Payment Discounts – If paying your policy premium upfront instead of paying each month you can avoid the installment charge.
  • Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes can avoid accidents and qualify for as much as a 10% discount.

As a sidenote, most discount credits are not given to the entire policy premium. Most only reduce specific coverage prices like liability and collision coverage. Despite the appearance that all those discounts means the company will pay you, companies don’t profit that way. But any discount will reduce your overall bill.

To locate providers with the best discounts, click this link.

How much insurance do I need?

When it comes to choosing coverage, there is no one size fits all plan. Every situation is different so this has to be addressed. For instance, these questions may help you determine whether or not you would benefit from an agent’s advice.

  • How do I buy GAP insurance?
  • Which is better, split liability limits or combined limits?
  • Will my rates increase for filing one claim?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • What is the minimum liability in my state?
  • Why am I required to get a high-risk car insurance policy?
  • If my 2004 Ford Five Hundred is totaled, can I afford another vehicle?
  • Am I insured when driving a different vehicle?
  • What companies insure drivers after a DUI or DWI?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to an agent. To find an agent in your area, simply complete this short form or click here for a list of insurance companies in your area.

Insurance coverage specifics

Having a good grasp of a insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. Policy terminology can be impossible to understand and reading a policy is terribly boring. These are the usual coverages found on most insurance policies.

Liability car insurance – Liability coverage can cover damage that occurs to a person or their property by causing an accident. It protects you from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 50/100/50 which stand for a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for things such as bail bonds, pain and suffering and structural damage. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Uninsured/Underinsured Motorist coverage – This coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently these limits are similar to your liability insurance amounts.

Collision coverages – This will pay to fix damage to your Five Hundred caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers claims such as hitting a parking meter, sustaining damage from a pot hole, scraping a guard rail and crashing into a building. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Comprehensive coverage – This pays for damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as hitting a deer, rock chips in glass and hitting a bird. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses such as prosthetic devices, nursing services, surgery, X-ray expenses and EMT expenses. They are often used to fill the gap from your health insurance program or if you lack health insurance entirely. Coverage applies to you and your occupants and will also cover any family member struck as a pedestrian. PIP coverage is not universally available and may carry a deductible