Cheapest 2007 Ford Five Hundred Insurance Rates in 2023
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UPDATED: Jun 4, 2023
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Using the web to shop for auto insurance might seem complicated at first if you have never used online price comparisons. But relax because it’s actually quite easy.
If you are paying for car insurance now, you should be able to save some money using these tips. The purpose of this article is to familiarize you with how car insurance quotes work and some tricks to saving. But vehicle owners can benefit from knowing how insurance companies price online insurance and take advantage of how the system works.
Pay less by taking advantage of discounts
Insuring your fleet can be pricey, but there could be available discounts to reduce the price significantly. A few discounts will automatically apply at the time of quoting, but some may not be applied and must be inquired about before being credited.
- Drive Safe and Save – Drivers who avoid accidents can pay as much as 50% less for Five Hundred insurance than less cautious drivers.
- Save over 55 – Older drivers can possibly qualify for better insurance coverage rates for Five Hundred insurance.
- Service Members Pay Less – Being on active duty in the military can result in better rates.
- Defensive Driving Course – Taking a defensive driving course could save 5% or more depending on where you live.
- Anti-lock Brake System – Anti-lock brake equipped vehicles can avoid accidents and qualify for as much as a 10% discount.
- Paperless Signup – Some insurance companies will discount your bill up to fifty bucks for buying a policy and signing up digitally online.
- Accident Free – Claim-free drivers can earn big discounts as compared to bad drivers.
- Drivers Education – Make teen driver coverage more affordable by requiring them to complete a driver education course in school.
A little note about advertised discounts, some credits don’t apply the whole policy. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Just because it seems like all those discounts means the company will pay you, companies wouldn’t make money that way. Any amount of discount will reduce the amount you have to pay.
Insurance companies who might offer these benefits are:
- State Farm
- American Family
- Liberty Mutual
Double check with every prospective company what discounts are available to you. Discounts might not be offered in your area.
Comprehensive Car Insurance Comparison
There are multiple methods to compare 2007 Ford Five Hundred car insurance quotes, and some are less labor-intensive and much quicker. You could waste a few hours talking to insurance companies in your area, or you can stay home and use the web to quickly compare rates.
All the larger companies participate in a marketplace that allows shoppers to send in one quote, and each participating company can give them a price based on the submitted data. This eliminates the need for repetitive form submissions to every company.
To compare pricing click to open in new window.
The only drawback to doing it this way is you can’t choose the companies to get pricing from. If you wish to select specific insurance companies to compare, we have assembled a list of car insurance companies in your area. Click here to view list.
It doesn’t matter which method you choose, just make darn sure you compare the exact same coverage information on every quote you get. If your comparisons have unequal deductibles or liability limits it will be impossible to determine the best price for your Ford Five Hundred. Quoting even small variations in coverage limits may cause a big price difference. It’s important to know that obtaining a wide range of quotes gives you a better chance of getting the best offered rates.
Your coverage should be tailored to you
When it comes to buying proper insurance coverage, there really is no perfect coverage plan. Everyone’s situation is unique.
For instance, these questions can aid in determining if your insurance needs would benefit from professional advice.
- Where can I get insurance after a DUI in my state?
- Is my camper covered by my car insurance policy?
- Do I pay less if my vehicle is kept in my garage?
- Can my babysitter drive my car?
- Should I rate my 2007 Ford Five Hundred as pleasure use or commute?
- How much can I save by bundling my policies?
If it’s difficult to answer those questions but a few of them apply, you may need to chat with an agent. If you want to speak to an agent in your area, take a second and complete this form.
Coverages available on your policy
Understanding the coverages of your policy can help you determine which coverages you need for your vehicles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.
Auto collision coverage
Collision insurance 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 and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims such as backing into a parked car, crashing into a building and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible in order to get cheaper collision rates.
This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against claims like a tree branch falling on your vehicle, theft, hitting a deer, rock chips in glass and falling objects. The maximum payout your auto insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
Medical payments coverage and PIP
Coverage for medical payments and/or PIP pay for short-term medical expenses for things like X-ray expenses, prosthetic devices, pain medications, surgery and chiropractic care. The coverages can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage
Uninsured/Underinsured Motorist coverage
Your UM/UIM coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your Ford Five Hundred.
Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Most of the time these coverages are similar to your liability insurance amounts.
This coverage will cover damages or injuries you inflict on a person or their property that is your fault. This coverage protects you against claims from other people, and does not provide coverage for your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 25/50/25 that means you have a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged property. Occasionally you may see one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.
Liability insurance covers things such as attorney fees, loss of income, pain and suffering and emergency aid. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase higher limits if possible.
Consumers leave their current company for a variety of reasons including an unsatisfactory settlement offer, questionable increases in premium, being labeled a high risk driver and denial of a claim. It doesn’t matter what your reason, choosing a new insurance company can be less work than you think.
We’ve covered quite a bit of information on how to shop for 2007 Ford Five Hundred insurance online. It’s most important to understand that the more you quote, the higher your chance of finding lower rates. You may even find the lowest priced insurance comes from a smaller regional carrier.
While you’re price shopping online, make sure you don’t buy less coverage just to save a little money. In many cases, someone sacrificed physical damage coverage only to discover later that they should have had better coverage. The ultimate goal is to buy a smart amount of coverage at the best price.
To read more, take a look at the following helpful articles:
- Vehicle Insurance (Wikipedia)
- Smart Auto Insurance Tips (Insurance Information Insitute)
- Should I Buy a New or Used Car? (Allstate)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Insitute)
- Speed and Speed Limit FAQ (iihs.org)
- Uninsured Motorist Statistics (Insurance Information Insitute)
Frequently Asked Questions
How much can I save by bundling my policies?
Bundling your insurance policies, such as combining your auto insurance with other policies like home or renters insurance, can often lead to discounts offered by insurance companies. The amount you can save by bundling varies depending on the insurance provider and the specific policies being bundled. It’s recommended to contact your insurance company or agent to inquire about the potential savings when bundling your policies.
Should I rate my 2007 Ford Five Hundred as pleasure use or commute?
Whether to rate your 2007 Ford Five Hundred as pleasure use or commute depends on your primary purpose of vehicle usage. If you primarily use your vehicle for commuting to work or school, it should be rated as a commute. If you use it primarily for personal purposes, such as leisure activities and errands, you can rate it as pleasure use. Accurately disclosing the usage of your vehicle is important to ensure appropriate coverage.
Does my car insurance policy cover my camper?
Generally, your car insurance policy does not provide coverage for a camper. Camper insurance is typically separate and may require a specific RV insurance policy. It’s essential to check with your insurance provider or agent to understand the coverage options available for your camper.
Where can I find insurance coverage after a DUI for my 2007 Ford Five Hundred?
Finding insurance coverage after a DUI for your 2007 Ford Five Hundred can be challenging, but there are insurance companies that specialize in providing coverage for high-risk drivers. It’s recommended to reach out to insurance companies that offer non-standard or high-risk auto insurance and inquire about their options for drivers with a DUI on their record.
How do I determine the right coverage limits for my 2007 Ford Five Hundred?
Determining the right coverage limits for your 2007 Ford Five Hundred depends on various factors, including your individual needs, budget, and local insurance requirements. It’s advisable to assess your personal circumstances, consider your assets, and evaluate the potential risks involved. Consulting with an insurance agent can help you determine the appropriate coverage limits based on your specific situation.
Do I need professional advice to determine the right insurance coverage for my 2007 Ford Five Hundred?
Determining the right insurance coverage for your 2007 Ford Five Hundred may require professional advice since everyone’s situation is unique. Consulting with an insurance agent can help you answer specific questions related to your coverage needs, such as insurance options after a DUI, coverage for a camper, coverage when your vehicle is kept in a garage, or coverage for situations involving babysitters. Speaking with an agent can provide personalized guidance based on your circumstances.
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