Ultimate Strategies to Getting Rock Bottom Ford Five Hundred Insurance Rates

I can’t think of anyone who likes paying for car insurance, especially knowing the price is too high. Popular companies such as Allstate, Liberty Mutual and State Farm all claim big savings with ads and it is challenging if not impossible to sift through the bull and do the work needed to find the best deal.

Smart consumers take time to price shop coverage quite often due to the fact that insurance rates tend to go up over time. Even if you think you had the lowest rates on Five Hundred coverage two years ago there is a good chance you can find better rates now. You can find a lot of misleading information regarding car insurance on the web, but we’re going to give you some guaranteed methods to save money.

If you have a current car insurance policy or need new coverage, you can follow these tips to get lower rates and still get good coverage. Choosing the best insurance company for you is not that difficult. Drivers only need an understanding of the most effective way to shop their coverage around on the web.

Comprehensive Car Insurance Comparison

Finding a better price on car insurance is surprisingly easy. You just need to invest a little time comparing rates provided by online insurance companies. This can be done using a couple different methods.

1. The fastest way consumers can make multiple comparisons is an all-inclusive rate comparison click to view form in new window. This method prevents you from having to do a different quote for each company. Just one form gets you price quotes from multiple companies.
2. A slightly less efficient method to compare rate quotes requires visiting the website for each individual company and complete a new quote form. For example, we’ll assume you want to compare rates from Progressive, Allstate and State Farm. To find out each rate you need to visit each site to enter your coverage information, which is why the first method is quicker. To view a list of companies in your area, click here.

It doesn’t matter which method you choose, just double check that you are using apples-to-apples coverages for each price quote. If you are comparing different liability limits you will not be able to decipher which rate is best.

Factors that can influence Ford Five Hundred insurance rates

Consumers need to have an understanding of some of the elements that come into play when calculating your car insurance rates. When you know what positively or negatively influences your rates allows you to make educated decisions that may reward you with much lower annual insurance costs.

• More than one policy can earn a discount – Most companies give discounts to insureds who consolidate policies with them in the form of a multi-policy discount. Even with this discount, it’s still a good idea to compare other company rates to make sure you are getting the best deal.
• Safer cars are cheaper to insure – Vehicles with good safety scores get lower rates. Safe vehicles reduce injuries and fewer injuries means lower claim amounts and more competitive rates for policyholders. If your Ford Five Hundred scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.
• Allowing your policy to lapse raises rates – Allowing your car insurance policy to lapse will be a sure-fire way to pay more for car insurance. Not only will you pay more, but not being able to provide proof of insurance can result in a hefty fine and possibly a revoked license.You may have to submit proof of financial responsibility or a SR-22 with your state motor vehicle department.
• What are your deductibles? – Your deductibles define the amount you are required to spend before your car insurance pays a claim. Physical damage coverage, also known as collision and other-than-collision, protects your car from damage. A few examples of covered claims are running into the backend of another car, damage caused by hail, and rolling your vehicle. The more money you have to pay, the lower your rates will be on Five Hundred coverage.
• Lower rates come with age – Mature drivers are viewed as being more responsible, file fewer claims and tend to be better behind the wheel. Youthful drivers are known to be careless and easily distracted in a vehicle therefore car insurance rates are much higher.

How much can you save with discounts?

Car insurance can cost a lot, but discounts can save money and there are some available to help bring down the price. Certain discounts will be triggered automatically when you complete an application, but less common discounts must be asked about in order for you to get them. If you aren’t receiving every discount available, you are throwing money away.

• Safe Driver Discount – Drivers who avoid accidents may receive a discount up to 45% less on Five Hundred coverage than less cautious drivers.
• Clubs and Organizations – Participating in certain professional organizations could qualify you for a break on car insurance on Five Hundred coverage.
• Life Insurance Discount – Some companies give a break if you buy life insurance.
• Anti-lock Brake System – Vehicles with anti-lock braking systems are safer to drive and earn discounts up to 10%.
• Lower Rates for Military – Having a deployed family member could be rewarded with lower premiums.
• Theft Prevention System – Vehicles with anti-theft systems can help prevent theft and will save you 10% or more.
• One Accident Forgiven – Some insurance companies will allow you to have one accident without raising rates if you are claim-free for a certain period of time.

Consumers should know that most discount credits are not given to your bottom line cost. Most only reduce the cost of specific coverages such as comprehensive or collision. Just because you may think all the discounts add up to a free policy, you won’t be that lucky. But all discounts will reduce your overall premium however.

For a list of insurance companies offering car insurance discounts, follow this link.

What is YOUR best insurance company?

You just learned a lot of ways to lower your Ford Five Hundred insurance rates. The key thing to remember is the more price quotes you have, the better chance you’ll have of finding lower rates. Consumers could even find that the lowest rates come from a lesser-known regional company. These companies can often provide lower rates in certain areas compared to the large companies like GEICO and State Farm.

When shopping online for car insurance, it’s a bad idea to skimp on coverage in order to save money. There are too many instances where an insured cut full coverage only to regret at claim time that the savings was not a smart move. The ultimate goal is to buy enough coverage for the lowest price, not the least amount of coverage.