Cheaper 2002 Ford Five Hundred Car Insurance Quotes

Trying to find better car insurance rates? Buyers have a choice when searching for affordable Ford Five Hundred insurance. They can either spend hours calling around trying to get quotes or use the internet to compare rates. There are more efficient ways to buy car insurance so we’re going to tell you the proper way to get price quotes on a Ford and find the lowest price from both online companies and local agents.

Choosing the best insurance company for you is quite easy. If you currently have a car insurance policy, you stand a good chance to be able to cut costs considerably using this strategy. Vehicle owners just need to understand how to buy insurance coverage online.

How to get insurance price quotes

Cutting your insurance rates isn’t really that difficult. All you need to do is take the time comparing rate quotes to find. You can get a good selection of rate quotes by using one of the methods below.

1. Without a doubt, the easiest way to find the lowest comparison rates is a comparison rater form like this one (opens in new window). This method eliminates the need for separate quotation requests for every insurance company. Filling out one form gets you coverage quotes from all major companies. This is by far the quickest method.
2. A more time consuming way to compare rate quotes requires a trip to each company’s website and complete a new quote form. For example, let’s assume you are doing a rate comparison from USAA, 21st Century and Allstate. To get rate quotes you would need to go to every website and repeatedly enter your information, and that’s why the first method is more popular.

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

The method you choose is up to you, but double check that you are using the same deductibles and coverage limits for every company. If you have differing limits it will be very difficult to find the best deal for your Ford Five Hundred.

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How your Five Hundred insurance prices are determined

Lots of things are part of the calculation when quoting car insurance. Most are fairly basic like your driving record, although others are less apparent such as your credit history or how safe your car is.When buying insurance it’s important to understand the factors that play a part in calculating the level of your policy premiums. When consumers understand what determines premiums, this helps enable you to make changes that could help you find big savings.

• Cheaper insurance rates with safer cars – Cars with high safety ratings tend to have lower insurance rates. Vehicles engineered for safety reduce injuries and better occupant protection translates into savings for insurance companies and thus lower rates.
• Rates can change based on your address – Being located in a rural area is a good thing when trying to find low car insurance rates. Urban drivers regularly have more aggressive driving styles and much longer commute distances. Lower population means a lower chance of having an accident and lower theft and vandalism rates.
• Car insurance liability coverage limits – The liability coverage on your policy will afford coverage in the event that you are found to be at fault for damages caused by your negligence. Liability provides legal defense starting from day one. It is affordable coverage compared to physical damage coverage, so drivers should carry high limits.
• Good credit equals lower premiums – Having a good credit score will be a significant factor in calculating your premium rate. Therefore, if your credit rating can be improved, you could be paying less to insure your 2002 Ford Five Hundred if you clean up your credit. Insureds that have excellent credit scores tend to be less risk to insure as compared to drivers with lower credit scores.
• Maintain insurance coverage – Having a gap between insurance policy dates will be a guaranteed way to trigger a rate increase. Not only will you pay higher rates, being ticketed for driving with no insurance may earn you fines or a revoked license. You may then be required to submit proof of financial responsibility or a SR-22 with your state motor vehicle department to get your license reinstated.
• Age of drivers – Older insureds have been proven to be more responsible, tend to cause fewer accidents and receive fewer citations.Drivers with little experience have been known to be inattentive with other occupants in the car so they pay higher insurance rates.
• Insurance companies don’t like frequent claims – If you’re an insured who likes to file claims don’t be surprised to see higher rates. Companies generally give most affordable rates to policyholders who are claim-free. Insurance coverage is intended for the bigger claims that can’t be paid out-of-pocket.

Do you qualify for discounts?

Car insurance companies do not advertise every policy discount in a way that’s easy to find, so the list below details a few of the more well known and also the lesser-known ways to save on insurance coverage.

• Distant College Student Discount – Kids living away from home attending college and won’t have access to an insured vehicle could qualify for this discount.
• Sign Online – A few larger online companies will give a small break simply for signing on their website.
• New Vehicle Savings – Buying a new car instead of a used car is cheaper because new model year vehicles have to meet stringent safety requirements.
• Accident Forgiveness Coverage – Not necessarily a discount, but companies like State Farm and Allstate will let one accident slide without raising rates so long as you are claim-free for a specific time period.
• Discounts for Government Workers – Federal government employees may reduce rates when you quote car insurance for Five Hundred insurance depending on your insurance coverage provider.
• Discount for Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can receive discounts as much as 30%.
• Fewer Miles Equal More Savings – Low mileage vehicles can earn better rates on cars that stay parked.
• Multi-line Discount – Select companies reward you with a break if you buy a life policy as well.
• Student Discount for Driver Training – Teen drivers should enroll in driver’s education if it’s offered in school.
• Safe Drivers – Drivers without accidents may receive a discount up to 45% for Five Hundred insurance than drivers with accident claims.

As a sidenote, most credits do not apply the the whole policy. Some only reduce specific coverage prices like physical damage coverage or medical payments. So even though they make it sound like all those discounts means the company will pay you, you aren’t that lucky. But any discount will definitely lower your policy premium.

Some of the insurance companies that may offer quotes with many of the previously listed discounts include:

• State Farm
• Nationwide
• Geico
• AAA
• 21st Century
• The Hartford

Before buying, ask every prospective company which discounts can lower your rates. Discounts may not be offered in your area.

Don’t assume everyone needs the same auto insurance coverage

When it comes to choosing the best auto insurance coverage for your personal vehicles, there isn’t really a one size fits all plan. Coverage needs to be tailored to your specific needs.

For example, these questions might point out if your situation may require specific advice.

• Can my teen driver be rated on a liability-only vehicle?
• Can I drive in Mexico and have coverage?
• What is PIP insurance?
• Is other people’s property covered if stolen from my vehicle?
• Is my teen driver covered when they drive my company car?
• What vehicles should carry emergency assistance coverage?

If you can’t answer these questions, you may need to chat with a licensed agent. If you don’t have a local agent, fill out this quick form. It only takes a few minutes and can help protect your family.

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Information about specific coverages

Having a good grasp of insurance aids in choosing appropriate coverage and proper limits and deductibles. The terms used in a policy can be difficult to understand and reading a policy is terribly boring.

Comprehensive coverage (or Other than Collision)

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as hitting a deer, fire damage, vandalism, a broken windshield and hitting a bird. The most your insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your 2002 Ford Five Hundred.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for things like funeral costs, prosthetic devices, doctor visits, hospital visits and surgery. They can be used to fill the gap from your health insurance program or if you do not have health coverage. They cover all vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Liability coverage

Liability insurance protects you from damage that occurs to people or other property by causing an accident. This insurance protects YOU against other people’s claims. Liability doesn’t cover 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 $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000.

Liability coverage protects against claims such as repair costs for stationary objects, repair bills for other people’s vehicles, medical expenses and emergency aid. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Auto collision coverage

This coverage covers damage to your Five Hundred caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as driving through your garage door, colliding with another moving vehicle, crashing into a building, sustaining damage from a pot hole and crashing into a ditch. This coverage can be expensive, so consider removing coverage from lower value vehicles. Drivers also have the option to bump up the deductible to bring the cost down.

In Summary

Cheaper insurance is attainable from both online companies as well as from independent agents, and you should compare rates from both in order to have the best chance of saving money. Some insurance providers don’t offer online price quotes and many times these small, regional companies sell through independent insurance agents.

Insureds leave their current company for many reasons like lack of trust in their agent, unfair underwriting practices, not issuing a premium refund and even high rates after DUI convictions. Regardless of your reason, choosing a new company is pretty easy and you might even save some money in the process.

We just showed you a lot of ways to reduce 2002 Ford Five Hundred insurance premium rates online. The most important thing to understand is the more price quotes you have, the better your comparison will be. You may even discover the most savings is with the smaller companies.

More detailed insurance information can be found by following these links:

• Safety Tips for Teen Drivers (Insurance Information Insitute)
• Side Impact Crash Tests (iihs.org)
• Distracted Driving Statistics (Insurance Information Insitute)
• Neck Injury FAQ (iihs.org)
• How Does Hitting a Deer Impact Insurance Rates? (Allstate)
• Distracted Driving Extends Beyond Texting (State Farm)

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