2016 Ford Five Hundred Car Insurance Rates – 5 Tips for Cheapest Quotes

Are you regretting buying an overpriced auto insurance policy? Say no more because there are lots of residents who feel the same.

Many insurance companies compete for your hard-earned dollar, so it’s not easy to compare every company to find the best price available.

You should make it a habit to do price comparisons every six months because auto insurance rates tend to go up over time. If you had the best rate on Five Hundred insurance last year a different company probably has better prices today. Block out anything you think you know about auto insurance because you’re going to learn the right way to lower your annual insurance bill.

Get lower-cost car insurance with discounts

Car insurance is not cheap, but you might already qualify for some discounts that can dramatically reduce your bill. Certain discounts will be triggered automatically at quote time, but occassionally some discounts must be manually applied before they will apply.

  • No Charge for an Accident – but a handful of insurance companies may permit one accident before raising your premiums if you have no claims prior to being involved in the accident.
  • Auto/Life Discount – Companies who offer life insurance give a discounted rate on car insurance if you buy auto and life insurance together.
  • Good Drivers – Drivers who avoid accidents could pay up to 40% less on Five Hundred insurance compared to rates paid by drivers with frequent claims.
  • Discount for Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can receive discounts of up to 25% or more.
  • Buy New and Save – Buying a new car instead of a used car can save up to 30% since newer vehicles have better safety ratings.

Don’t be surprised that most discounts do not apply to the entire policy premium. Most only apply to the price of certain insurance coverages like comp or med pay. Even though it may seem like you could get a free car insurance policy, you’re out of luck. Any qualifying discounts should definitely cut your policy premiums.

A list of companies and a summarized list of policyholder discounts are included below.

  • GEICO may include discounts for five-year accident-free, air bags, seat belt use, anti-theft, multi-vehicle, and anti-lock brakes.
  • Travelers may offer discounts for early quote, good student, continuous insurance, hybrid/electric vehicle, and payment discounts.
  • Nationwide includes discounts for Farm Bureau membership, accident-free, business or organization, easy pay, good student, family plan, and defensive driving.
  • Farmers Insurance has discounts for good student, distant student, homeowner, bundle discounts, electronic funds transfer, pay in full, and alternative fuel.
  • Esurance offers premium reductions for good student, emergency road assistance, online shopper, Switch & Save, claim free, and anti-lock brakes.
  • State Farm may have discounts that include accident-free, Drive Safe & Save, multiple autos, anti-theft, multiple policy, and student away at school.
  • Progressive discounts include multi-vehicle, homeowner, good student, online signing, continuous coverage, online quote discount, and multi-policy.
  • Mercury Insurance offers discounts including good student, age of vehicle, anti-theft, annual mileage, accident-free, and good driver.

If you are trying to find low cost auto insurance quotes, ask every company the best way to save money. All car insurance discounts may not apply to policies in your area.

Shop car insurance online

To get cheaper auto insurance quotes, there a variety of ways to obtain and compare prices from companies that offer car insurance in your state. One of the best ways to find cheaper Ford Five Hundred rates consists of shopping online. It is quite easy and can be accomplished by using one of the methods below.

  1. The recommended way consumers can analyze rates is an all-inclusive rate comparison (click to open form in new window). This style of form eliminates the need for boring form submissions for each company you want a rate for. One simple form gets coverage cost estimates instantly.
  2. A slightly less efficient method to compare prices requires a trip to each individual company website and fill out their own quote form. For sake of this example, we’ll pretend you want to compare prices for Auto-Owners, Esurance and American Family. To do that, you would have to navigate to each company’s site to input your insurance information, which is not fast way to get rate quotes.

    For a list of links to insurance companies in your area, click here.

Whichever way you choose to compare rates, make sure you use the exact same coverages and limits on every quote you get. If you have unequal deductibles or liability limits then you won’t be able to determine which company has the best rates. Just slight variations in insurance coverages could mean much higher rates. And when quoting car insurance, remember that comparing more rates from different companies will improve the odds of getting lower pricing. Some smaller insurers to not give online rate quotes, so it’s important to also get prices from them as well.

Tailor your car insurance coverage to you

When it comes to choosing coverage, there is no perfect coverage plan. Everyone’s needs are different and a cookie cutter policy won’t apply. For instance, these questions could help you determine whether you could use an agent’s help.

  • Is my state a no-fault state?
  • Does car insurance cover theft of personal property?
  • Is my babysitter covered when using my vehicle?
  • Does my policy pay for OEM or aftermarket parts?
  • Should I have combined single limit or split liability limits?
  • Is my camper covered by my car insurance policy?
  • How do I buy GAP insurance?
  • Does insurance cover damages from a DUI accident?
  • Where can I find DUI or SR-22 insurance?
  • Does my car insurance cover rental cars?

If it’s difficult to answer those questions then you might want to talk to 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 car insurance companies in your area.

Insurance coverage options for a 2016 Ford Five Hundred

Understanding the coverages of your insurance policy helps when choosing appropriate coverage and proper limits and deductibles. Insurance terms can be confusing and nobody wants to actually read their policy. These are the usual coverages found on the average insurance policy.

Liability coverage

Liability insurance protects you from damages or injuries you inflict on a person or their property that is your fault. It protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability coverage protects against claims such as repair costs for stationary objects, loss of income, legal defense fees and structural damage. How much coverage you buy is a personal decision, but buy as high a limit as you can afford.

Comprehensive coverage

This coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers things like a broken windshield, hail damage and hitting a deer. The most you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision coverage

Collision coverage will pay to fix damage to your Five Hundred resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for things like hitting a parking meter, backing into a parked car, crashing into a ditch, sideswiping another vehicle and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP pay for short-term medical expenses like ambulance fees, chiropractic care and X-ray expenses. They are used in conjunction with a health insurance program or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is only offered in select states and may carry a deductible

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Ford Five Hundred.

Since a lot of 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 very important.

Compare but don’t skimp

The cheapest 2016 Ford Five Hundred insurance can be purchased both online and from local insurance agents, so you should compare both to have the best selection. There are still a few companies who do not provide price quotes online and most of the time these small, regional companies only sell through local independent agents.

As you prepare to switch companies, don’t be tempted to skimp on coverage in order to save money. There have been many cases where an insured dropped liability coverage limits only to discover later that they should have had better coverage. Your objective should be to buy a smart amount of coverage for the lowest price while not skimping on critical coverages.

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