How Much Does 2010 Ford Five Hundred Insurance Cost?

Want better car insurance rates for your Ford Five Hundred? Having to pay for pricey car insurance can empty your checking account and possibly require you to analyze your spending habits. Doing a price comparison is a fast and free way to lower your bills every month.

Due to the fact that there are so many insurance providers from which to choose, it can be challenging to choose the lowest price company.

It’s smart to get comparison quotes once or twice a year because car insurance prices are variable and change quite frequently. Even if you think you had the best deal on Five Hundred coverage a couple years back you will most likely find a better rate quote today. Ignore everything you know about car insurance because you’re about to find out the things you must know in order to get good coverage at a lower rate.

Finding car insurance

Comparing car insurance rates can take time and effort if you don’t utilize the fastest way to get free quotes. You could waste a few hours talking about coverages with local insurance agents in your area, or you could use the web to get rates in a matter of minutes.

Many companies participate in a marketplace that enables customers to send in one quote, and every company then gives them pricing based on that information. This system prevents you from having to do form submissions to each individual car insurance company.

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The only downside to using this type of system is you don’t know exactly which providers to get quotes from. So if you prefer to choose specific insurance companies to compare prices, we have a listing of low cost car insurance companies in your area. Click to view list.

Whichever way you use, compare exactly the same coverage limits and deductibles for each quote you get. If you have different coverage information it’s impossible to get a fair rate comparison. Slightly different limits may result in a large different in cost. And when price shopping your coverage, quoting more helps you find the best price. Not every company allows you to get price estimates online, so it’s important to also get prices from them as well.

Drivers who switch save $446 a year? Really?

Insurance coverage providers like GEICO, State Farm and Progressive regularly use television and radio advertisements. They all make an identical promise that people will save if you switch to their company. Is it even possible that every company can charge you a lower premium? Just pay attention to how they say it.

Insurance providers have an ideal profile for the type of insured that is profitable for them. One example of this type of risk profile should be a married female, has other policies, and has excellent credit. A customer getting a price quote who meets those qualifications will qualify for the lowest premium rates and will probably cut their rates if they switch.

Potential insureds who fall short of these stringent criteria will be charged higher rates and the prospect going elsewhere. The trick is to say “customers who switch” not “everyone that quotes” can save as much as they claim. That is how companies can state the savings.

Because every company is different, you really should compare rate quotes every year. You cannot predict the company that will have the lowest rate quotes.

Buy cheaper insurance with these tips

One of the most helpful ways to save on insurance is to to have a grasp of the rating factors that help calculate the rates you pay for insurance. If you know what controls the rates you pay, this allows you to make good choices that may result in lower premium levels. Many things are part of the equation when you quote your car insurance policy. Some factors are common sense like a motor vehicle report, but other criteria are not quite as obvious such as your marital status or your financial responsibility.

  • High coverage deductibles lower prices – Protection for physical damage, aka comp and collision, insures against damage to your Ford. Some examples of claims that would be covered are a windshield shattered by a rock, hail damage, and windstorm damage. Comprehensive and collision coverage deductibles state the amount of money you are required to spend if a claim is determined to be covered. The more money you have to pay, the less money you will pay for insurance on Five Hundred coverage.
  • Long commutes cost more – Driving a lot of miles in a year’s time the more you’ll pay to insure your vehicle. A lot of insurance companies charge to insure your cars based upon how the vehicle is primarily used. Cars and trucks left parked in the garage can be on a lower rate level compared to those used for work or business. Make sure your insurance declarations sheet is rated on the proper vehicle usage, because it can save money. A policy that improperly rates your Five Hundred can result in significantly higher rates.
  • No coverage gaps is important – Driving any period of time without insurance is illegal and as a result your rates will increase for letting your insurance expire. Not only will you pay higher rates, the inability to provide proof of insurance may earn you fines or a revoked license. You could then be forced to file a SR-22 with your state DMV.
  • Insurance rates and your job – Do you have a high-stress occupation? Careers such as fire fighters, business owners and financial analysts usually pay higher premium rates attributed to high stress and long work days. On the flip side, careers like farmers, athletes and the unemployed pay the least on Five Hundred coverage.
  • You might want pay the minor claims yourself – If you file claims often, you can look forward to higher rates. Companies award cheaper rates to drivers who only file infrequent claims. Your car insurance is intended for the bigger claims that can’t be paid out-of-pocket.
  • Multiple policies with one company – Lots of insurance companies give discounts to insureds that have more than one policy such as combining an auto and homeowners policy. This can amount to anywhere from five to ten percent in most cases. Even if you qualify for this discount already, consumers should still compare other insurance prices to verify if the discount is saving money. Consumers may save more without the discount by buying insurance from more than one company.
  • Lower prices with alarm systems – Owning a car with a theft deterrent system can help bring down rates. Systems that thwart theives like vehicle immobilizer systems, OnStar, and tracking devices like LoJack can help prevent auto theft and help lower rates.
  • Save money with responsible credit – Having a bad credit score is likely to be a major factor in calculating your premium rate. Insureds that have high credit ratings tend to file fewer claims than those with worse credit. If your credit could use some work, you could save money insuring your 2010 Ford Five Hundred if you clean up your credit.

Insurance rates and discounts

Some companies do not list all possible discounts very well, so the list below gives a summary of a few of the more well known and the harder-to-find discounts you could be receiving when you buy insurance coverage online.

  • Safety Course Discount – Taking time to complete a defensive driving course can save you 5% or more if you qualify.
  • Low Mileage – Driving fewer miles may allow you to get substantially lower rates.
  • Theft Deterent Discount – Vehicles with anti-theft systems help deter theft and earn discounts up to 10% off your insurance coverage quote.
  • No Charge for an Accident – but a handful of insurance companies will forgive one accident without getting socked with a rate hike if your claims history is clear prior to the accident.
  • Data Collection Discounts – Insureds that choose to allow their insurance company to analyze when and where they use their vehicle by using a telematics device in their vehicle like Allstate’s Drivewise might get better premium rates if they have good driving habits.
  • Military Rewards – Being on active duty in the military could trigger a small discount.
  • Passive Restraint Discount – Cars that have air bags or motorized seat belts can qualify for discounts of 20 to 30 percent.
  • Government Employee Discount – Simply working for the federal government could provide a small rate reduction on Five Hundred coverage but check with your company.
  • Switch and Save Discount – A few insurance companies offer discounts for switching companies prior to your current policy expiring. It can save you around 10%.

As a footnote on discounts, many deductions do not apply to the entire policy premium. Most only apply to the cost of specific coverages such as comprehensive or collision. Despite the appearance that you would end up receiving a 100% discount, companies wouldn’t make money that way.

A list of companies and a selection of discounts are included below.

  • State Farm may offer discounts for anti-theft, student away at school, safe vehicle, good student, and defensive driving training.
  • Progressive policyholders can earn discounts including good student, multi-vehicle, online signing, homeowner, online quote discount, multi-policy, and continuous coverage.
  • Travelers may include discounts for home ownership, hybrid/electric vehicle, multi-car, student away at school, and payment discounts.
  • American Family includes discounts for multi-vehicle, mySafetyValet, accident-free, TimeAway discount, and air bags.
  • Liberty Mutual discounts include safety features, exclusive group savings, new graduate, new move discount, new vehicle discount, and hybrid vehicle.

Before buying, ask all companies you are considering which discounts they offer. Some discounts might not be offered everywhere.

Situations that may require an agent’s advice

When choosing adequate coverage for your personal vehicles, there really is not a single plan that fits everyone. Everyone’s situation is unique so your insurance needs to address that. For example, these questions may help highlight if you could use an agent’s help.

  • Am I covered if I break a side mirror?
  • What is roadside assistance coverage?
  • Are there companies who specialize in insuring high-risk drivers?
  • Do I pay less for low miles?
  • Does insurance cover damages from a DUI accident?
  • Does my policy pay for OEM or aftermarket parts?
  • How many claims can I have before being cancelled?
  • Is a new car covered when I drive it off the dealer lot?

If you don’t know the answers to these questions, you may need to chat with a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area.

Coverage specifics

Understanding the coverages of a insurance policy helps when choosing which coverages you need and proper limits and deductibles. Insurance terms can be difficult to understand and nobody wants to actually read their policy. Shown next are the usual coverages available from insurance companies.

Collision coverage – Collision coverage will pay to fix damage to your Five Hundred caused by collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims like rolling your car, colliding with a tree, crashing into a ditch, damaging your car on a curb and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. It’s also possible to choose a higher deductible to bring the cost down.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses such as doctor visits, prosthetic devices, surgery and nursing services. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover you and your occupants in addition to getting struck while a pedestrian. PIP coverage is not available in all states and may carry a deductible

Liability car insurance – Liability coverage can cover injuries or damage you cause to a person or their property. This insurance protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three 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 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Another option is one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims such as emergency aid, court costs, bail bonds and attorney fees. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as large an amount as possible.

Comprehensive or Other Than Collision – Comprehensive insurance coverage covers damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as damage from flooding, hitting a bird, rock chips in glass, theft and damage from getting keyed. The most your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

UM/UIM Coverage – This coverage gives you protection from other drivers when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and damage to your Ford Five Hundred.

Due to the fact that many 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 coverages do not exceed the liability coverage limits.

You can do this!

Low-cost 2010 Ford Five Hundred insurance can be sourced online and from local agencies, and you should compare price quotes from both in order to have the best price selection to choose from. Some insurance providers may not provide rates over the internet and many times these smaller providers only sell through independent agencies.

When searching for cheap insurance coverage quotes, never buy lower coverage limits just to save a few bucks. There are a lot of situations where an accident victim reduced liability coverage limits only to find out they didn’t purchase enough coverage. Your goal is to purchase a proper amount of coverage at the best cost and still be able to protect your assets.

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