2001 Ford Five Hundred Insurance Quotes – 10 Ideas for Cheapest Rates

Searching for cheaper insurance coverage rates for your Ford Five Hundred? Finding and buying car insurance is not a chore car owners love to do, but like it or not it is mandatory before the rubber hits the road.

Consumers should take time to do rate comparisons periodically since rates are usually higher with each renewal. Just because you had the lowest price on Five Hundred coverage two years ago you may be paying too much now. You’ll find quite a bit of inaccurate information about insurance coverage on the web, but we’re going to give you some good information on how to slash your insurance coverage rates.

If you have car insurance now, you will most likely be able to save some money using this information. Finding cheaper coverage is easy if you know what you’re doing. But vehicle owners do need to understand how insurance companies compete online.

Lots of discounts mean lots of savings

Companies that sell car insurance don’t always list all available discounts in a way that’s easy to find, so the following is a list of some of the more common as well as the least known discounts you could be receiving.

  • Student in College – Kids in college who are attending college without a vehicle on campus may be able to be covered for less.
  • Early Signing – Some insurance companies reward drivers for switching policies before your current policy expires. This can save 10% or more.
  • No Accidents – Claim-free drivers can save substantially when compared to accident-prone drivers.
  • Discount for Life Insurance – Select insurance companies reward you with lower rates if you buy auto and life insurance together.
  • Pay Now and Pay Less – By paying your policy upfront rather than paying monthly you could save 5% or more.
  • 55 and Retired – Mature drivers can possibly qualify for a small decrease in premiums on Five Hundred coverage.
  • Multiple Cars – Having all your vehicles on one policy can get a discount on all vehicles.
  • Good Student – Performing well in school can save 20 to 25%. The good student discount can last up to age 25.
  • Safe Driver Discount – Drivers who avoid accidents can pay as much as 50% less on Five Hundred coverage than their less cautious counterparts.
  • Use Seat Belts – Requiring all passengers to use a seat belt could cut 10% or more off your medical payments premium.

Drivers should understand that most of the big mark downs will not be given to the entire policy premium. Most only apply to specific coverage prices like liability and collision coverage. So when it seems like all those discounts means the company will pay you, you’re out of luck.

Insurance companies that may have these money-saving discounts include:

Before buying, ask each company what discounts are available to you. All car insurance discounts might not apply in every state.

Finding Insurance Coverage

To find the best insurance coverage prices, there are several ways to compare rate quotes from local insurance coverage companies. The easiest way by far to compare 2001 Ford Five Hundred insurance prices is to use the internet to compare rates. This can be accomplished using a couple different methods.

  • The most efficient way consumers can make multiple comparisons is a comparison rater form click here to open form in new window. This method prevents you from having to do separate forms for each company. One simple form gets you price quotes direct from many companies. Just one form and you’re done.
  • A more time consuming way to find lower rates requires visiting each company’s website and request a quote. For instance, let’s assume you want rates from Farmers, State Farm and GMAC. To find out each rate you need to go to every website to enter your coverage information, which is why the first method is more popular.

    For a handy list of car insurance company links in your area, click here.

  • The least efficient way to get comparison rates is driving to different agent offices. Shopping for insurance coverage online can eliminate the need for a local agent unless you have a need for the personal advice of a licensed agent. Drivers can price shop your coverage online but buy from a local insurance agent and you’ll learn how to do that later.

It’s up to you which method you use, but make absolute certain that you use exactly the same quote information for every quote you compare. If you are comparing higher or lower deductibles it’s not possible to make a fair comparison for your Ford Five Hundred. Slightly different coverages may cause a big price difference. Just remember that obtaining a wide range of quotes helps locate the best rates.

Situations that might require an agent

When it comes to buying the best auto insurance coverage for your personal vehicles, there is no “best” method to buy coverage. Every situation is different.

For example, these questions can help discover if your situation would benefit from professional advice.

  • Should I bundle my homeowners policy with my auto?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • If my 2001 Ford Five Hundred is totaled, can I afford another vehicle?
  • Am I covered when delivering products for my home-based business?
  • Should I get collision insurance on every vehicle?
  • When do I need to add a new car to my policy?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form.

Educate yourself about auto insurance coverages

Having a good grasp of your policy helps when choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and coverage can change by endorsement.

Collision insurance

This covers damage to your Five Hundred resulting from a collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as colliding with a tree, scraping a guard rail and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. It’s also possible to raise the deductible to save money on collision insurance.

Liability insurance

Liability insurance provides protection from injuries or damage you cause to other’s property or people. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/25 that translate to a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability coverage protects against claims such as emergency aid, legal defense fees, medical expenses, pain and suffering and structural damage. The amount of liability coverage you purchase is up to you, but consider buying as large an amount as possible.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage provides protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Insurance for medical payments

Med pay and PIP coverage pay for expenses for ambulance fees, nursing services and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Coverage applies to you and your occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Comprehensive coverage (or Other than Collision)

Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like a tree branch falling on your vehicle, damage from a tornado or hurricane, falling objects, rock chips in glass and damage from flooding. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Quote more, save more

We covered a lot of information how to save on 2001 Ford Five Hundred insurance. It’s most important to understand that the more rate quotes you have, the more likely it is that you will get a better rate. You may be surprised to find that the most savings is with a small mutual company.

Budget-conscious insurance can be bought online as well as from independent agents, so compare prices from both to have the best chance of lowering rates. There are still a few companies who don’t offer the ability to get a quote online and these smaller companies work with independent agents.

When you buy insurance online, you should never skimp on critical coverages to save a buck or two. In many instances, consumers will sacrifice full coverage only to regret that it was a big mistake. Your aim should be to get the best coverage possible at the best price, not the least amount of coverage.

Helpful resources