View 2006 Ford Five Hundred Insurance Cost

Want cheaper insurance coverage rates for your Ford Five Hundred? I can’t think of a single person who looks forward to paying for insurance coverage, especially when they are paying too much. Numerous auto insurance companies battle for your hard-earned dollar, and because of this it can be hard to compare insurers to find the absolute cheapest price

How to save on Ford Five Hundred insurance

Companies offering auto insurance do not list every discount in an easy-to-find place, so we researched both the well known as well as the least known insurance savings. If they aren’t giving you every credit you deserve, you’re just leaving money on the table.

  • Accident Free – Drivers who don’t have accidents can earn big discounts as compared to bad drivers.
  • Drivers Ed for Students – Have your child successfully complete driver’s ed class if offered at their school.
  • Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.
  • Discount for Life Insurance – Companies who offer life insurance give lower rates if you buy a life insurance policy as well.
  • Fewer Miles Equal More Savings – Low mileage vehicles could be rewarded with discounted rates on garaged vehicles.
  • Payment Method – If paying your policy premium upfront instead of making monthly payments you can actually save on your bill.
  • Multi-car Discount – Insuring more than one vehicle on the same insurance policy may reduce the rate for each vehicle.
  • Driver Safety – Taking part in a course teaching defensive driving skills could cut 5% off your bill if your company offers it.
  • Paperless Signup – Certain companies may give you up to $50 just for signing your application digitally online.

It’s important to understand that some credits don’t apply to all coverage premiums. Most cut the cost of specific coverages such as collision or personal injury protection. So despite the fact that it appears having all the discounts means you get insurance for free, companies don’t profit that way.

To see a list of providers offering insurance discounts, click here to view.

How to Get Insurance

Comparing insurance rates can be a lot of work if you don’t utilize the best way to get rate quotes. You can waste hours driving to local insurance agents in your area, or you can utilize online quoting to get the quickest rates.

Most of the larger companies belong to a marketplace that enables customers to send in one quote, and each participating company can provide price quotes based on that data. This eliminates the need for form submissions for every insurance company.

To find out how much you’re overpaying now click here to open in new window.

The one disadvantage to getting quotes like this is you don’t know exactly which providers you want pricing from. So if you want to choose individual companies to compare, we have a page of insurance companies in your area. Click here to view list.

It’s your choice how you get your quotes, but make darn sure you compare identical coverage information with each company. If the quotes have higher or lower deductibles you will not be able to decipher which rate is best.

Factors that might impact rates for a Ford Five Hundred

Smart consumers have a good feel for some of the elements that come into play when calculating insurance rates. Having a good understanding of what controls the rates you pay allows you to make educated decisions that can help you get big savings.

  • Your car’s features help determine rates – Purchasing a vehicle that has an advanced theft prevention system can help bring down rates. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping your car from being stolen.
  • Traffic citations inflate rates – Even a single speeding ticket may increase your cost forty percent or more. Drivers with clean records tend to pay less for car insurance compared to drivers with tickets. Drivers who get flagrant violations such as hit and run, DWI or reckless driving convictions may be required to submit a SR-22 or proof of financial responsibility with their state DMV in order to keep their license.
  • Where you live – Choosing to live in a small town is a positive aspect when it comes to insurance. City drivers have more traffic problems and a longer drive to work. Less people living in that area means reduced accidents as well as less vandalism and auto theft.
  • Being married can save on insurance – Having a wife or husband can actually save you money on your policy. Having a significant other means you’re more mature than a single person it has been statistically shown that married drivers get in fewer accidents.
  • Your job and insurance rates – Careers like doctors, business owners and dentists are shown to have the highest average rates because of stressful work requirements and lengthy work days. Other occupations such as scientists, historians and retirees pay the least for Five Hundred coverage.

Tailor your coverage to you

When choosing coverage for your personal vehicles, there really is not a best way to insure your cars. Every insured’s situation is different so this has to be addressed. For example, these questions can aid in determining whether you could use an agent’s help.

  • Why do I only qualify for high-risk insurance?
  • Should I buy only the required minimum liability coverage?
  • Do I have coverage for damage caused while driving under the influence?
  • What is UM/UIM insurance?
  • Is motorclub coverage worth it?
  • Do I need medical payments coverage since I have good health insurance?
  • Can I still get insurance after a DUI?

If you’re not sure about those questions but you know they apply to you then you might want to talk to a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and you can get the answers you need.

Save $463 a year? Really?

Drivers constantly see and hear ads for cheaper car insurance by companies like Allstate and Progressive. They all seem to make the same claim of big savings if you switch to them.

But how can every company say the same thing? This is how they do it.

Different companies are able to cherry pick for the right customer that makes them money. For instance, a desirable insured could be between the ages of 40 and 55, has no tickets, and drives less than 7,500 miles a year. Any driver who meets those qualifications gets the lowest rates and is almost guaranteed to pay quite a bit less when switching companies.

Consumers who do not match the requirements will be charged more money which usually ends up with business not being written. The ad wording is “people who switch” but not “drivers who get quotes” save money. That is how companies can advertise the savings. That is why you absolutely need to get quotes from several different companies. It is impossible to predict which company will fit your personal profile best.

Information about specific coverages

Learning about specific coverages of a insurance policy helps when choosing the right coverages and the correct deductibles and limits. Insurance terms can be ambiguous and even agents have difficulty translating policy wording. These are the usual coverages found on most insurance policies.

Comprehensive insurance

This coverage will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as a broken windshield, damage from flooding, damage from a tornado or hurricane, hitting a deer and theft. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Coverage for liability

This coverage can cover injuries or damage you cause to a person or their property that is your fault. It protects you from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 25/50/25 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability coverage pays for claims such as medical services, funeral expenses and pain and suffering. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Collision coverage protection

This coverage pays for damage to your Five Hundred caused by collision with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for claims like sustaining damage from a pot hole, hitting a mailbox, colliding with another moving vehicle and damaging your car on a curb. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Another option is to increase the deductible to save money on collision insurance.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP kick in for immediate expenses for things like chiropractic care, dental work and ambulance fees. They can be used in conjunction with a 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 and will also cover getting struck while a pedestrian. PIP coverage is not universally available and may carry a deductible

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection from other motorists when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your 2006 Ford Five Hundred.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.

What is YOUR best insurance company?

As you shop your coverage around, it’s a bad idea to skimp on coverage in order to save money. In many instances, consumers will sacrifice liability coverage limits and found out when filing a claim that it was a big mistake. The ultimate goal is to find the BEST coverage at a price you can afford, not the least amount of coverage.

In this article, we presented a lot of tips how to lower your 2006 Ford Five Hundred insurance rates. The most important thing to understand is the more rate comparisons you have, the better your chances of lowering your rates. You may even find the best price on insurance coverage is with some of the smallest insurance companies. These companies can often provide lower rates in certain areas than the large multi-state companies such as Progressive or Geico.

Cheap insurance can be bought online as well as from independent agents, and you need to price shop both so you have a total pricing picture. A few companies don’t offer the ability to get a quote online and many times these smaller companies only sell through independent insurance agents.

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