Cheaper 1994 Ford Thunderbird Insurance Quotes

Scraping up a payment for overpriced Ford Thunderbird insurance can dwindle your bank account and make it hard to pay other bills. Comparing price quotes is a smart way to make sure you’re not throwing money away.

Since consumers have many choices, it is hard for the average consumer to locate the most affordable car insurance company.

Why your Ford Thunderbird might be costing you more

An important part of buying insurance is that you know the factors that go into determining your car insurance rates. Knowing what impacts premium levels allows you to make educated decisions that may reward you with lower car insurance prices.

Listed below are some of the factors companies use to determine rates.

  • Younger drivers pay higher rates – Mature drivers tend to be more responsible, tend to cause fewer accidents and receive fewer citations. Teen drivers have a tendency to be less responsible in a vehicle therefore car insurance rates are much higher.
  • Your location affects your rates – Being located in a rural area has it’s advantages when talking about car insurance. City drivers tend to have congested traffic and longer commutes to work. Lower population means a lower chance of having an accident and a lower car theft rate.
  • How credit affects car insurance rates – Credit rating is a large factor in determining your rates. People with high credit scores tend to be more responsible than drivers with lower credit ratings. Therefore, if your credit score can use some improvement, you could potentially save money when insuring your 1994 Ford Thunderbird by improving your rating.
  • Don’t let your coverage lapse – Driving without insurance can get your license suspended and your next policy will cost more because you let your coverage lapse. Not only will you pay more, but not being able to provide proof of insurance might get you a steep fine or even jail time.You may have to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.
  • Little extras can really add up – There are a ton of extra bells and whistles that you can get tricked into buying when buying car insurance. Insurance for vanishing deductibles, accidental death and term life insurance may be wasting your money. These coverages may sound good when talking to your agent, but if they’re wasting money eliminate the coverages to reduce your premium.
  • Being married is a good thing – Getting married can actually save you money on your policy. Having a spouse translates into being more mature than a single person and statistics show married couples file fewer claims.

Compare Auto Insurance Costs

When shopping for auto insurance there are multiple ways to get quotes from local auto insurance companies. The fastest way to compare 1994 Ford Thunderbird insurance prices is to get quotes online. This can be accomplished in a couple of different ways.

  • The single most time-saving way to find the lowest comparison rates is a comparison rater form click to view form in new window. This form eliminates the need for a different quote for each company you want a rate for. One form submission will return quotes from multiple companies.
  • Another way to get quotes online requires you to visit each company’s website and fill out their own quote form. For instance, let’s assume you want to compare State Farm, Allstate and American Family. To get rate quotes you would need to take the time to go to each site to input your insurance information, which is why the first method is more popular. For a list of links to insurance companies in your area, click here.
  • The most time-consuming method to compare rates is driving to and from local insurance agencies. The ability to buy insurance online makes this process obsolete unless you have a need for the trained guidance of a licensed agent. You can, however, obtain prices from the web and still use a local agent.

It doesn’t matter which method you choose, just ensure you are comparing the exact same information on every quote you get. If your comparisons have mixed coverages you can’t possibly determine the lowest rate for your Ford Thunderbird. Just a small difference in coverage limits can result in a big premium difference. And when price shopping your coverage, having more price comparisons gives you a better chance of getting a better price.

Beware of misleading insurance coverage ads

Insurance coverage companies such as Geico, State Farm and Progressive regularly use ads on TV and radio. They all seem to have a common claim about savings if you move your policy. How does each company make almost identical claims?

All the different companies are able to cherry pick for the type of customer that makes them money. An example of a desirable insured could possibly be over the age of 40, has no prior claims, and has great credit. A propective insured who matches those parameters receives the best rates and most likely will pay quite a bit less when switching companies.

Potential insureds who are not a match for these standards will have to pay higher rates and this can result in business going elsewhere. The ads say “people who switch” not “everybody who quotes” save money. That’s why companies can truthfully advertise the way they do.

Because of the profiling, drivers should get as many comparisons as possible. Because you never know which company will fit your personal profile best.

Policy discounts you shouldn’t miss

The cost of insuring your cars can be expensive, but there are discounts available that you may not know about. Some discounts apply automatically at quote time, but some may not be applied and must be inquired about in order for you to get them.

  • Anti-lock Brakes – Vehicles equipped with ABS or steering control can reduce accidents and qualify for as much as a 10% discount.
  • Federal Government Employee – Active or retired federal employment may qualify you for a discount on Thunderbird coverage with certain companies.
  • Lower Rates for Military – Having a deployed family member may qualify for rate reductions.
  • New Car Discount – Insuring a new car can save up to 30% compared to insuring an older model.
  • Sign Early and Save – Some companies give discounts for buying a policy prior to your current policy expiring. It can save you around 10%.
  • Accident Forgiveness – A few companies will allow you to have one accident before hitting you with a surcharge as long as you don’t have any claims prior to the accident.

As a disclaimer on discounts, most credits do not apply the the whole policy. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. Just because it seems like you can get free auto insurance, you won’t be that lucky. Any amount of discount will reduce the amount you have to pay.

To see a list of providers with the best insurance coverage discounts, click here.

Insurance agents can help

When buying adequate coverage for your vehicles, there really is not a one size fits all plan. Each situation is unique so your insurance needs to address that. These are some specific questions may help highlight whether you might need professional guidance.

  • Can I afford to buy a different vehicle if my 1994 Ford Thunderbird is totaled?
  • Can I afford low physical damage deductibles?
  • Is a fancy paint job covered?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Does car insurance cover theft of personal property?
  • Can I afford to pay high deductible claims out of pocket?
  • Are rental cars covered under my policy?
  • Does liability extend to a camper or trailer?
  • Can my teen driver be rated on a liability-only vehicle?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies.

Insurance coverages 101

Knowing the specifics of a insurance policy can help you determine the right coverages at the best deductibles and correct limits. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording. These are typical coverages found on most insurance policies.

Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage provides protection from other motorists when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Ford Thunderbird.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Most of the time these limits do not exceed the liability coverage limits.

Collision coverages – Collision insurance will pay to fix damage to your Thunderbird resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as crashing into a ditch, backing into a parked car and crashing into a building. This coverage can be expensive, so consider dropping it from older vehicles. It’s also possible to raise the deductible to bring the cost down.

Insurance for medical payments – Med pay and PIP coverage kick in for short-term medical expenses for things like prosthetic devices, chiropractic care, dental work and hospital visits. They can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is not available in all states and may carry a deductible

Coverage for liability – Liability coverage will cover damage or injury you incur to a person or their property by causing an accident. This coverage protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Occasionally you may see one number which is a combined single limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for claims like attorney fees, legal defense fees and repair bills for other people’s vehicles. How much liability should you purchase? That is a personal decision, but consider buying as high a limit as you can afford.

Comprehensive coverage (or Other than Collision) – This coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like falling objects, rock chips in glass, a broken windshield and theft. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

One last thing about your coverage

Throughout this article, we presented a lot of ways to compare 1994 Ford Thunderbird insurance prices online. The key thing to remember is the more rate comparisons you have, the better your comparison will be. Consumers may even find the biggest savings come from a smaller regional carrier. These companies may cover specific market segments cheaper than their larger competitors like Progressive or Geico.

Low-cost insurance is attainable both online and also from your neighborhood agents, and you should be comparing both to have the best chance of lowering rates. A few companies may not provide online quoting and many times these small, regional companies only sell through independent insurance agents.

As you shop your coverage around, do not sacrifice coverage to reduce premiums. In many instances, an insured cut uninsured motorist or liability limits to discover at claim time that it was a big mistake. Your aim should be to purchase a proper amount of coverage at an affordable rate while not skimping on critical coverages.

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