2012 Ford Five Hundred Insurance Rates

Want cheaper insurance rates for your Ford Five Hundred? Trying to find cheaper insurance for your Ford Five Hundred can be difficult, but you can follow the following methods to save time.

There is a right way and a wrong way to find insurance online and you need to know the proper way to quote coverages on a Ford and find the lowest price.

Locating more affordable auto insurance coverage can be fairly easy. If you are insured now or are shopping for new coverage, you can follow these tips to cut your premiums and possibly find even better coverage. Consumers only need to know the most efficient way to compare company rates online.

Discounts to earn lower-cost insurance rates

Companies don’t always list every possible discount very clearly, so the next list breaks down both well-publicized in addition to some of the lesser obvious credits available to bring down your rates.

  • Air Bag Discount – Options like air bags or motorized seat belts can get savings up to 30%.
  • Onboard Data Collection – Policyholders that allow their company to scrutinize where and when they drive by using a telematics device like In-Drive from State Farm and Progressive’s Snapshot could save a few bucks if their driving habits are good.
  • Save with More Vehicles Insured – Purchasing coverage when you have several vehicles on a single policy could earn a price break for each car.
  • Pay Early and Save – If you can afford to pay the entire bill as opposed to paying monthly you could save 5% or more.
  • Defensive Driving Course – Taking time to complete a defensive driver class is a good idea and can lower rates if you qualify.
  • No Claims – Drivers with accident-free driving histories have much lower rates as compared to drivers who are more careless.
  • Theft Prevention System – Vehicles that have factory alarm systems and tracking devices are stolen less frequently and can earn a small discount on your policy.
  • Employee of Federal Government – Employees or retirees of the government can save as much as 8% on Five Hundred insurance depending on your company.
  • Low Mileage – Low mileage vehicles could earn slightly better insurancerates than normal.
  • Student Discounts – Being a good student can be rewarded with saving of up to 25%. You can use this discount normally until age 25.

A little note about advertised discounts, some of the credits will not apply to the overall cost of the policy. Most cut the price of certain insurance coverages like liability, collision or medical payments. So when it seems like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business. But all discounts will definitely reduce the amount you pay for coverage.

The best insurance companies and some of the discounts include:

  • Farmers Insurance offers discounts for pay in full, switch companies, multi-car, teen driver, homeowner, and good student.
  • Esurance includes discounts for anti-lock brakes, Pac-12 alumni, anti-theft, DriveSense, multi-policy, good driver, and emergency road assistance.
  • State Farm may include discounts for anti-theft, safe vehicle, Steer Clear safe driver discount, good driver, defensive driving training, multiple autos, and accident-free.
  • GEICO policyholders can earn discounts including daytime running lights, emergency military deployment, seat belt use, anti-theft, and air bags.
  • Allstate offers discounts including anti-lock brakes, EZ pay plan discount, good student, utility vehicle, and defensive driver.

If you are trying to find low cost insurance coverage quotes, ask each company what discounts are available to you. Some discounts listed above might not be offered on policies in your state.

Insurance premiums are influenced by these factors

Consumers need to have an understanding of the different types of things that aid in calculating the level of your policy premiums. When you understand what controls the rates you pay, this allows you to make good choices that could result in much lower annual insurance costs.

The factors shown below are some of the most rate-impacting factors that factor into your rate level.

  • Cautious drivers pay less – Drivers with clean records pay lower auto insurance prices compared to bad drivers. Only having one speeding ticket can bump up the cost to the point where it’s not affordable. Drivers unfortunate enough to have dangerous violations like hit and run, DWI or reckless driving convictions may face state-mandated requirements to maintain a SR-22 with their state’s licensing department in order to prevent their license from being revoked.
  • Guys are more aggressive – Over time, data shows women tend to be less risk to insure than men. That doesn’t necessarily mean that females are better drivers. Men and women cause at-fault accidents in similar numbers, but guys have costlier accidents. Men also statistically get cited for more serious violations like driving under the influence (DUI).
  • What are your comp and collision deductibles? – Physical damage protection, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your Ford. A few examples of covered claims would be a windshield shattered by a rock, damage caused by hail, and rolling your vehicle. Physical damage deductibles are the amount of money you are required to pay if the claim is covered. The more of the claim you have to pay, the less your company will charge you for insurance on Five Hundred insurance.
  • Do you really need to file that insurance claims? – Companies give discounts to policyholders who file claims infrequently. If you tend to file frequent claims, you can pretty much guarantee higher rates. Your insurance policy is intended for more catestrophic claims.
  • Younger vs. older drivers – Youthful drivers have a tendency to be careless and easily distracted when driving so insurance rates are higher. More experienced drivers are viewed as being more responsible, statistically cause fewer accidents and tend to be get fewer driving tickets.
  • Additional coverages that may be costing you – There are a ton of extra bells and whistles that can waste your money if you don’t pay attention. Coverages for coverage for rental cars, towing, and extra equipment coverage may not be needed and are just wasting money. They may sound like good ideas when buying your policy, but if they’re wasting money get rid of them and save.
  • How credit rating affects insurance premiums – Credit history factor in calculating your premium rate. People that have very high credit ratings tend to be less risk to insure than drivers who have lower credit ratings. Therefore, if your credit history leaves room for improvement, you could be paying less to insure your 2012 Ford Five Hundred by taking the time to improve your credit score.

Tailor your car insurance coverage to you

When it comes to buying proper insurance coverage for your vehicles, there really is not a single plan that fits everyone. Everyone’s situation is unique.

These are some specific questions could help you determine whether your personal situation might need an agent’s assistance.

  • Does car insurance cover theft of personal property?
  • Am I covered by my spouse’s policy after a separation?
  • What are the best liability limits?
  • Does medical payments coverage apply to all occupants?
  • Do I have coverage when using my vehicle for my home business?
  • Can I make deliveries for my home business?
  • What is the difference between comprehensive and collision coverage?
  • Does my medical payments coverage pay my health insurance deductible?
  • How can I get high-risk coverage after a DUI?

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form. It’s fast, doesn’t cost anything and may give you better protection.

Can you really save if you switch?

Consumers can’t get away from ads that claim the lowest prices by companies like State Farm, Allstate and GEICO. They all seem to advertise the message that you’ll save big if you switch your coverage to them.

How do they all charge you a lower premium?

Car insurance companies quote the lowest rates for the type of driver that will not have excessive claims. For example, a desirable insured might be over age 30, has no claims, and drives less than 5,000 miles a year. A propective insured who fits that profile receive the lowest rate quotes and will probably save a lot if they switch.

Consumers who do not fit the requirements will probably be forced to pay higher rates and ends up with the customer not buying. The ads say “people who switch” not “everybody who quotes” save that much when switching. That’s the way companies can make those claims.

Because every company is different, you really should get price quotes at each policy renewal. You cannot predict with any certainty which company will have the lowest prices for your situation.

Coverage specifics

Understanding the coverages of a insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement.

Comprehensive coverage

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things like damage from flooding, hitting a deer, a broken windshield and falling objects. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP kick in for short-term medical expenses such as nursing services, chiropractic care, X-ray expenses, ambulance fees and pain medications. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants as well as getting struck while a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Collision coverage protection

This coverage pays to fix your vehicle from damage resulting from a collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for claims such as crashing into a ditch, backing into a parked car, hitting a parking meter and driving through your garage door. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to increase the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Most of the time the UM/UIM limits do not exceed the liability coverage limits.

Auto liability

This coverage provides protection from damage or injury you incur to other people or property that is your fault. This coverage protects you from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 100/300/100 which stand for a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Another option is a combined single limit or CSL which provides one coverage limit without having the split limit caps.

Liability coverage pays for things such as loss of income, repair costs for stationary objects and bail bonds. The amount of liability coverage you purchase is a personal decision, but buy as large an amount as possible.

In the end, you save

People change insurance companies for a variety of reasons including policy cancellation, high prices, high rates after DUI convictions or even an unsatisfactory settlement offer. Regardless of your reason for switching companies, choosing a new insurance company is not as difficult as it may seem.

You just read some good ideas how you can lower your 2012 Ford Five Hundred insurance prices. It’s most important to understand that the more price quotes you have, the better your comparison will be. You may even find the lowest prices are with some of the smallest insurance companies.

Budget-friendly insurance is possible online and also from your neighborhood agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance companies may not have internet price quotes and usually these smaller providers work with independent insurance agents.

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