2003 Ford Five Hundred Insurance Quotes – 9 Tips for Cheaper Rates

Searching for the cheapest insurance for a new or used Ford Five Hundred can normally be difficult, but you can follow the following methods to save time. There is a right way and a wrong way to find auto insurance online so we’re going to tell you the quickest way to price shop coverage on a Ford and locate the lowest price.

If you have a policy now or need new coverage, you can use these techniques to find the best rates while maintaining coverages. Buying affordable auto insurance coverage is not that difficult. Drivers only need to know the proper way to find the lowest price online.

These nine discounts can slash insurance rates

Companies offering auto insurance do not list every available discount in an easy-to-find place, so we researched both well-publicized and also the lesser-known discounts you could be receiving. If they aren’t giving you every credit possible, you’re paying more than you need to.

  • Memberships – Participating in certain professional organizations could trigger savings when shopping for insurance on Five Hundred coverage.
  • Student Driver Training – Make teen driver coverage more affordable by requiring them to take driver’s ed class in school.
  • Multiple Vehicles – Having multiple vehicles on one policy qualifies for this discount.
  • New Vehicle Savings – Putting insurance coverage on a new car is cheaper since new cars are generally safer.
  • Government Employees – Being employed by or retired from a federal job can earn a discount up to 10% on Five Hundred coverage depending on your company.
  • No Claims – Drivers who don’t have accidents pay less when compared to drivers who are more careless.
  • Auto/Life Discount – Some companies give better rates if you take out life insurance.
  • Multiple Policy Discount – If you insure your home and vehicles with the same company you may earn 10% to 20% off each policy.
  • Senior Discount – If you qualify as a senior citizen, you may receive reduced rates on Five Hundred coverage.

As a disclaimer on discounts, some credits don’t apply to the entire policy premium. Most cut the price of certain insurance coverages like comprehensive or collision. So when the math indicates all the discounts add up to a free policy, you’re out of luck.

For a list of insurers offering insurance discounts, click here to view.

When might I need the advice of an agent?

When choosing proper insurance coverage, there is no perfect coverage plan. Each situation is unique.

For instance, these questions might help in determining if your insurance needs will benefit from professional help.

  • Are rental cars covered under my policy?
  • Do I really need UM/UIM coverage?
  • Do I need motorclub coverage?
  • When can my company non-renew my policy?
  • Why do I only qualify for high-risk insurance?
  • Why am I required to get a high-risk car insurance policy?
  • If I drive on a suspended license am I covered?
  • Can I afford low physical damage deductibles?
  • How does medical payments coverage work?
  • Am I covered by my spouse’s policy after a separation?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to an insurance agent. To find an agent in your area, complete this form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Specifics of your insurance policy

Knowing the specifics of your policy can be of help when determining the best coverages for your vehicles. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage provides protection when the “other guys” do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Ford Five Hundred.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Comprehensive coverage (or Other than Collision)

This will pay to fix damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like a broken windshield, a tree branch falling on your vehicle, hitting a bird, damage from flooding and hitting a deer. The maximum amount your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Collision coverage protection

This will pay to fix damage to your Five Hundred from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like crashing into a ditch, sideswiping another vehicle and scraping a guard rail. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Another option is to raise the deductible to bring the cost down.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for expenses for things like EMT expenses, nursing services and funeral costs. They are often used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Liability car insurance

This coverage can cover injuries or damage you cause to other people or property that is your fault. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 50/100/50 which stand for a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.

Liability coverage protects against claims such as medical expenses, court costs, emergency aid and repair costs for stationary objects. The amount of liability coverage you purchase is a personal decision, but consider buying as large an amount as possible.

Save for a rainy day

As you shop your coverage around, it’s not a good idea to reduce needed coverages to save money. Too many times, consumers will sacrifice uninsured motorist or liability limits only to regret that it was a big error on their part. Your aim should be to buy enough coverage at the best price.

Drivers switch companies for a variety of reasons including poor customer service, high prices, an unsatisfactory settlement offer and even delays in paying claims. No matter why you want to switch, finding a new insurance coverage company can be easy and end up saving you some money.

You just learned many ideas to shop for 2003 Ford Five Hundred insurance online. It’s most important to understand that the more you quote, the higher your chance of finding lower rates. Drivers may discover the biggest savings come from a small mutual company.

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