2003 Ford Thunderbird Car Insurance Rates – 6 Policy Discounts

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: May 12, 2022

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Have you fallen victim to an overpriced car insurance policy? Believe me, you’re not the only one. Having so many companies to choose from, it’s nearly impossible to find the lowest price company.

Choosing the best insurance company for you is easy if you know what you’re doing. If you have insurance now or need a new policy, you can follow these tips to shop for the lowest rates while maximizing coverage. Consumers only need to know the tricks to compare price quotes online.

How to reduce Ford Thunderbird insurance rates

Car insurance companies don’t always list every available discount very clearly, so we took the time to find some of the more common and the harder-to-find insurance savings. If you’re not getting every credit you qualify for, you are throwing money away.

  • Low Mileage – Driving fewer miles can earn better rates on cars that stay parked.
  • Claim Free – Drivers who don’t have accidents can save substantially as compared to frequent claim filers.
  • Discount for Life Insurance – Companies who offer life insurance give lower rates if you buy life insurance from them.
  • Anti-lock Brake Discount – Vehicles equipped with ABS or steering control prevent accidents and therefore earn up to a 10% discount.
  • Sign Early and Save – A few companies offer discounts for switching to them prior to your current policy expiring. It can save you around 10%.
  • Pay Upfront and Save – By paying your policy upfront rather than paying monthly you may reduce your total bill.

Consumers should know that some of the credits will not apply the whole policy. Most only apply to specific coverage prices like comprehensive or collision. Even though it may seem like you would end up receiving a 100% discount, you won’t be that lucky.

For a list of insurers who offer insurance discounts, follow this link.

Insurance coverage myths debunked

Drivers can’t ignore all the ads for car insurance savings by Allstate and Progressive. All the ads make the same claim about savings if you change to their company.

How can each company say the same thing? This is how they do it.

Insurance companies are able to cherry pick for the right customer that is profitable for them. A good example of a driver they prefer might be a mature driver, has no tickets, and drives newer vehicles. A driver who meets those qualifications receives the best rates and most likely will save a lot of money.

Consumers who don’t measure up to these standards must pay higher prices and this can result in the customer not buying. Company advertisements say “customers who switch” not “everybody who quotes” save that kind of money. That is how insurance companies can make the claims of big savings. This illustrates why drivers must quote coverage with many companies. You cannot predict the company that will have the lowest Ford Thunderbird insurance rates.

Tailor your coverage to you

When buying adequate coverage, there really is not a perfect coverage plan. Every situation is different and your policy should reflect that. For instance, these questions can help discover if you may require specific advice.

  • Can my babysitter drive my car?
  • Am I covered when driving someone else’s vehicle?
  • Why am I required to get a high-risk car insurance policy?
  • How do I buy GAP insurance?
  • Am I covered if I wreck a rental car?
  • If my pet gets injured in an accident are they covered?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • How high should my uninsured/underinsured coverage be in my state?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • When should I drop full coverage on my 2003 Ford Thunderbird?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier It is quick, free and you can get the answers you need.

Educate yourself about car insurance coverages

Understanding the coverages of your car insurance policy can help you determine appropriate coverage and proper limits and deductibles. Policy terminology can be ambiguous and reading a policy is terribly boring. Below you’ll find the normal coverages offered by car insurance companies.

Collision – This coverage covers damage to your Thunderbird caused by collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers things like crashing into a ditch, colliding with a tree, sideswiping another vehicle, sustaining damage from a pot hole and rolling your car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. You can also increase the deductible in order to get cheaper collision rates.

Liability – Liability insurance will cover damage or injury you incur to people or other property. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability insurance covers claims like medical expenses, bail bonds, repair bills for other people’s vehicles, court costs and medical services. How much liability coverage do you need? That is up to you, but consider buying as much as you can afford.

Medical costs insurance – Medical payments and Personal Injury Protection insurance kick in for expenses for things like surgery, hospital visits, ambulance fees, prosthetic devices and funeral costs. They are used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants in addition to any family member struck as a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

UM/UIM Coverage – This coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants 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. So UM/UIM coverage is a good idea.

Comprehensive or Other Than Collision – Comprehensive insurance pays for damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as damage from getting keyed, hitting a bird, theft and falling objects. The maximum payout a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Keep this in mind

In this article, we presented some good ideas how to save on 2003 Ford Thunderbird insurance. The most important thing to understand is the more rate comparisons you have, the higher the chance of saving money. Consumers could even find that the biggest savings come from some of the smallest insurance companies. Regional companies may have significantly lower rates on certain market segments than the large multi-state companies such as State Farm, GEICO and Nationwide.

Cost effective insurance can be found on the web and with local insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance companies do not offer the ability to get a quote online and most of the time these smaller companies sell through independent agents.

As you shop your coverage around, never buy lower coverage limits just to save a few bucks. In too many instances, an insured dropped liability coverage limits only to regret that the small savings ended up costing them much more. Your focus should be to buy the best coverage you can find at an affordable rate, not the least amount of coverage.

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