Cheap 2008 Ford Five Hundred Insurance Cost

Scraping up a payment for pricey Ford Five Hundred insurance can sap your checking account and possibly require postponing other expenditures. Comparing rates annually is a fast and free way to tighten up your finances.

Companies like State Farm, Progressive and GEICO all promote huge savings with advertising and consumers find it hard to ignore the promise of big savings and do the work needed to find the best deal.

If you currently have car insurance, you should be able to cut costs considerably using this strategy. Buying car insurance is not that difficult. Although consumers need to learn the way companies price insurance differently because it can help you find the best coverage.

Shop auto insurance online

When shopping for auto insurance there are multiple ways to compare rate quotes from companies that offer auto insurance in your state. The fastest way to find the lowest 2008 Ford Five Hundred rates is to perform an online rate comparison. This is very easy and can be done in several different ways.

The first (and easiest) way to find low rates is to use a rate comparison form like this one (opens in new window). This quick form prevents you from having to do separate quote forms for every company. One form submission will return quotes from multiple low-cost companies.

A more time consuming way to get comparison quotes requires you to visit each individual company website and request a quote. For sake of this example, let’s assume you want to view quotes from Liberty Mutual, Farmers and GEICO. You would be required to spend time going to each site individually and repeatedly type in your coverage information, and that explains why we recommend the first method.

To view a list of companies in your area, click here.

The final way to comparison shop rate quotes is driving to different agent offices. The fact that you can get quotes online makes this unnecessary unless your situation requires the professional guidance that you can only get from talking to an agent. You can, however, comparison shop your insurance online but purchase the actual policy in an agency.

You can use whichever method you prefer to find lower rates, just ensure you are comparing nearly identical deductibles and coverage limits on every quote. If you are comparing higher or lower deductibles you can’t possibly determine which rate is truly the best. Quoting even small variations in insurance coverages or limits could skew the results. And when comparison shopping, making a lot of price comparisons increases the change that you will find a better price. Some regional insurers cannot provide quotes online, so it’s important to compare price quotes from them, too.

Are you getting every discount?

Auto insurance is not cheap nor is it fun to buy but you may qualify for discounts to reduce the price significantly. A few discounts will automatically apply at the time you complete a quote, but a few must be asked about before you will receive the discount.

  • Fewer Miles Equal More Savings – Driving fewer miles could earn discounted prices on garaged vehicles.
  • Resident Student – Kids who are enrolled in higher education away from home without a vehicle on campus may qualify for this discount.
  • Save over 55 – Drivers over the age of 55 can possibly qualify for better auto insurance rates for Five Hundred insurance.
  • Early Switch Discount – Select insurance companies give a discount for buying a new policy before your current coverage expires. You can save around 10% with this discount.
  • Telematics Data Discounts – Drivers that enable data collection to look at where and when they drive by using a small device installed in their vehicle like Drivewise from Allstate or In-Drive from State Farm might see lower rates as long as they are good drivers.
  • Government Employees – Active or retired federal employment could cut as much as 10% off for Five Hundred insurance with select insurance companies.
  • Anti-theft Discount – Cars equipped with tracking devices and advanced anti-theft systems are less likely to be stolen and will qualify for a discount on a insurance quote.
  • Student Discount for Driver Training – Require your teen driver to sucessfully take a drivers education course as it will make them better drivers and lower rates.

While discounts sound great, it’s important to understand that some of the credits will not apply to the overall cost of the policy. Most only cut the cost of specific coverages such as liability and collision coverage. Just because it seems like it’s possible to get free car insurance, you’re out of luck.

Some of the insurance companies that may offer policyholders most of these discounts include:

When quoting, ask each company which discounts can lower your rates. Some discounts listed above may not apply to policies in your area. If you would like to choose from a list of insurance companies that provide some of the discounts listed above, follow this link.

When in doubt talk to an agent

When it comes to choosing adequate coverage for your vehicles, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s so your insurance needs to address that. These are some specific questions can help discover whether you will benefit from professional help.

  • Is other people’s property covered if stolen from my vehicle?
  • Who is covered by my policy?
  • Are rental cars covered under my policy?
  • Will my rates increase for filing one claim?
  • Can my teen drive my company car?
  • I have health insurance so do I need medical payments coverage?
  • Should I buy only the required minimum liability coverage?

If it’s difficult to answer those questions, you may need to chat with an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of insurance companies in your area.

Insurance coverages explained

Having a good grasp of your policy helps when choosing the best coverages at the best deductibles and correct limits. Insurance terms can be impossible to understand and nobody wants to actually read their policy. Below you’ll find typical coverages available from insurance companies.

Collision – Collision coverage covers damage to your Five Hundred resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims like crashing into a ditch, colliding with another moving vehicle, sustaining damage from a pot hole, hitting a parking meter and rolling your car. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries and damage to your 2008 Ford Five Hundred.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Comprehensive insurance – This coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as falling objects, vandalism and damage from flooding. The highest 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.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP reimburse you for expenses for X-ray expenses, surgery, funeral costs, rehabilitation expenses and ambulance fees. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and will also cover getting struck while a pedestrian. PIP is not available in all states and may carry a deductible

Auto liability insurance – This will cover damages or injuries you inflict on other people or property that is your fault. It protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 50/100/50 which means $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers claims like medical services, pain and suffering and bail bonds. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as much as you can afford.