2009 Ford Five Hundred Car Insurance Rates

High-priced car insurance can eat up your monthly budget and force you to tighten up your finances. Doing a rate analysis is recommended to cut your insurance bill.

Consumers have so many auto insurance companies to insure vehicles with, and even though it’s nice to have multiple companies, it makes it harder to find the lowest cost provider.

It’s important to shop coverage around before your policy renews because car insurance rates are usually higher with each renewal. Even if you think you had the lowest rate for Five Hundred coverage six months ago a different company probably has better prices today. You can find a lot of misleading information regarding car insurance on the web, but in a few minutes you can learn some solid techniques on how to lower your car insurance premiums.

Cut your insurance rates with discounts

Some insurance providers don’t necessarily list every policy discount in a way that’s easy to find, so below is a list some of the more common and the harder-to-find credits available to you.

• Safety Restraint Discount – Drivers who require all occupants to wear their seat belts may be able to save a few bucks on the premium charged for medical payments and/or PIP.
• Bundled Policy Discount – If you can combine your auto and homeowners policy with one insurance company you will save over 10 percent off each policy depending on the company.
• ABS Brakes – Cars and trucks that have anti-lock braking systems can reduce accidents so you can save 10 percent or more.
• Claim-Free Discount – Drivers with accident-free driving histories get the best insurance rates compared to bad drivers.
• Drive Less and Save – Low mileage vehicles may allow you to get lower prices due to less chance of an accident.
• Own a Home and Save – Just being a homeowner can save you money because owning a home is proof that your finances are in order.

A quick disclaimer, most discount credits are not given to your bottom line cost. The majority will only reduce specific coverage prices like collision or personal injury protection. Just because you may think it’s possible to get free car insurance, that’s just not realistic. Any amount of discount will bring down your overall premium however.

Some of the insurance companies that possibly offer some of the above discounts include:

• State Farm
• American Family
• AAA
• Geico
• Mercury Insurance
• Farmers Insurance
• Progressive

When getting free insurance coverage quotes, it’s a good idea to all the companies to give you their best rates. Some of the discounts discussed earlier may not apply in your area. If you would like to see a list of companies that offer many of these discounts, follow this link.

Low cost insurance

There are a lot of ways to compare insurance prices but some are less labor-intensive and much quicker. You could waste a few hours discussing policy coverages with agents in your area, or you could use the internet to maximize your effort.

The majority of car insurance companies participate in a marketplace where insurance shoppers submit their information once, and each participating company then returns a price quote for coverage. This system prevents you from having to do form submissions for each company.

To participate in this free quote system, click here to start a free quote.

The one downside to using this type of system is you can’t choose which companies you want to price. If you prefer to choose specific providers for rate comparison, we have a listing of companies who write insurance in your area. Click to view list.

The method you choose is up to you, but make darn sure you compare equivalent deductibles and coverage limits with every price quote. If you compare mixed coverages it’s impossible to determine the best price for your Ford Five Hundred.

Insurance cost influencing factors

Many factors are used when quoting car insurance. A few of the factors are predictable like a motor vehicle report, but others are not as apparent like your vehicle usage or your vehicle rating.

The items below are some of the things utilized by car insurance companies to help set your premiums.

• GPS tracking and theft deterrents lower rates – Choosing to buy a car with anti-theft technology or alarm system can help bring down rates. Advanced theft deterrents like OnStar, LoJack tracking, and tamper alarms all hinder your car from being stolen.
• City traffic equals higher prices – Choosing to live in smaller towns and rural areas of the country has it’s advantages if you are looking for the lowest rates. Fewer drivers and short commutes means less chance of accidents. People in densly populated areas tend to have traffic congestion and longer commutes to work. More time behind the wheel means more chances of being involved in an auto accident.
• Discounts for multiple policies – The majority of insurance companies will give discounts for people who have multiple policies with them in the form of a multi-policy discount. Even if you’re getting this discount consumers should still comparison shop to guarantee you are still saving the most.
• Only buy what you need – There are a ton of extra bells and whistles that sound like a good idea at the time if you aren’t diligent. Coverages like rental car reimbursement, accidental death, and additional equipment coverage may not be needed and are just wasting money. You may think they are a good idea when you first buy your policy, but your needs may have changed so eliminate the coverages to reduce your premium.
• Adjust physical damage deductibles and save – Protection for physical damage, aka comp and collision, is used to repair damage to your Ford. A few examples of covered claims could be colliding with a building, hail damage, and burglary. Comprehensive and collision coverage deductibles define how much you are required to spend out-of-pocket if a claim is determined to be covered. The more expense you are required to pay out-of-pocket, the less money you will pay for insurance for Five Hundred coverage.
• Marriage equates to better costs – Having a spouse actually saves money on your insurance bill. Having a significant other demonstrates that you tend to be less irresponsible and it’s statistically proven that married drivers tend to have fewer serious accidents.

You are unique and your auto insurance should be too

When choosing coverage for your personal vehicles, there isn’t really a perfect coverage plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions might help in determining if your situation might need an agent’s assistance.

• Is borrowed equipment or tools covered if stolen or damaged?
• Why is insurance for a teen driver so high?
• Is my ex-spouse still covered by my policy?
• What is an SR-22 filing?
• Can I afford to buy a different vehicle if my 2009 Ford Five Hundred is totaled?
• Is business equipment covered while in my vehicle?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with an agent. If you don’t have a local agent, simply complete this short form or click here for a list of auto insurance companies in your area. It is quick, free and you can get the answers you need.

Be skeptical of insurance coverage ads

Consumers get pounded daily by advertisements that claim the lowest premium rates from companies such as Allstate, Geico and Progressive. All the ads make an identical promise that people will save after switching your policy.

How do they all cost less than your current company?

Insurance providers quote their best rates for the right customer that earns them the highest profit. For instance, a profitable customer should be between 25 and 40, has a low-risk occupation, and has a short commute. A driver who fits those characteristics will get a cheap rate quote and is almost guaranteed to save when switching.

Insureds who may not quite match those criteria will be quoted higher premium rates which translates to business going elsewhere. The ads say “people who switch” not “everyone who quotes” will save that much if they switch. This is how companies can truthfully advertise the way they do. Because of these techniques, you really need to quote coverage with many companies. Because you never know which company will have the best premium rates for your profile.

Car insurance coverage specifics

Having a good grasp of car insurance can be of help when determining the best coverages and proper limits and deductibles. Car insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find the usual coverages available from car insurance companies.

Collision coverages – Collision insurance covers damage to your Five Hundred resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims like hitting a parking meter, colliding with another moving vehicle, damaging your car on a curb and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Another option is to bump up the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. It can pay for medical payments for you and your 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. So UM/UIM coverage is a good idea.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance reimburse you for expenses like doctor visits, prosthetic devices and chiropractic care. They are used in conjunction with a health insurance program or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and will also cover getting struck while a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Liability – Liability insurance will cover injuries or damage you cause to other people or property. This coverage protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 25/50/25 which means $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability coverage protects against things such as bail bonds, pain and suffering, repair costs for stationary objects, emergency aid and medical services. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as large an amount as possible.

Comprehensive coverage – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, damage from a tornado or hurricane, theft and hitting a bird. The maximum amount a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

And the best car insurance company is…

Some auto insurance companies do not provide rates over the internet and usually these small insurance companies prefer to sell through independent insurance agents. Lower-priced auto insurance can be purchased from both online companies as well as from insurance agents, so you need to compare both in order to have the best chance of saving money.

We just covered quite a bit of information on how to reduce 2009 Ford Five Hundred insurance car insurance rates online. It’s most important to understand that the more price quotes you have, the higher your chance of finding cheap insurance coverage. Consumers could even find that the lowest car insurance rates come from a company that doesn’t do a lot of advertising. Some small companies may often insure only within specific states and give getter rates than their larger competitors like Allstate and Progressive.

Additional detailed information is located at these sites:

• Where can I buy Insurance? (Insurance Information Insitute)
• Auto Insurance Facts and Statistics (Insurance Information Insitute)
• Property Damage Coverage (Liberty Mutual)
• Shopping for a Safe Car (Insurance Information Insitute)