Lower Your 2015 Ford Five Hundred Car Insurance Quotes in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Apr 28, 2024

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Trying to find the cheapest car insurance rates? Buyers have lots of choices when searching for the best price on Ford Five Hundred insurance. They can either waste time calling around trying to get quotes or save time using the internet to make rate comparisons.

There are both good and bad ways to compare car insurance rates so we’re going to tell you the proper way to price shop coverage for a new or used Ford and locate the best price possible either online or from local insurance agents.

It is always a good idea to get comparison quotes yearly because rates are variable and change quite frequently. Just because you found the lowest rate on Five Hundred insurance a few years ago the chances are good that you can find a lower price today. Block out anything you think you know about car insurance because I’m going to teach you the best way to remove unneeded coverages and save money.

Lower your insurance prices

An important part of buying insurance is that you know some of the things that play a part in calculating the rates you pay for car insurance. If you know what determines premiums, this empowers consumers to make smart changes that may result in much lower annual insurance costs.

  • Employer reflects on prices – Occupational choices like military personnel, business owners and medical professionals generally pay higher rates than average attributed to job stress and extremely grueling work hours. Conversely, occupations like farmers, students and the unemployed have lower than average premiums on Five Hundred insurance.
  • Cars with good safety ratings lower prices – Cars with high safety ratings can get you lower premiums. Safe vehicles reduce the chance of injuries and lower injury rates means your insurance company pays less which can mean better rates for you.
  • Marriage can lower prices – Having a spouse helps lower the price on your policy. Having a spouse means you’re more financially stable and insurance companies like that being married results in fewer claims.
  • Reserve insurance claims for larger damages – Companies give the best rates to policyholders who do not file claims often. If you frequently file small claims, you can pretty much guarantee higher premiums or even policy non-renewal. Auto insurance is intended to be relied upon for the large, substantial claims.

Take advantage of every auto insurance discount

Some insurance providers do not advertise every possible discount in an easy-to-find place, so the list below contains a few of the more common and also the lesser-known credits available to lower your premiums when you buy insurance coverage online.

  • Accident Free – Drivers who stay claim-free can save substantially in comparison with bad drivers.
  • First Accident Forgiveness – This one isn’t a discount, but companies like GEICO, Progressive, and Allstate will turn a blind eye to one accident before your rates go up so long as you are claim-free for a particular time prior to the accident.
  • Early Payment Discounts – By making one initial payment as opposed to paying monthly you can avoid the installment charge.
  • Student Discounts – Getting good grades can get you a discount of up to 25%. Many companies even apply the discount to college students until age 25.
  • Discount for New Cars – Buying insurance coverage on a new vehicle may earn a small discount due to better safety requirements for newer models.

As a sidenote, some of the credits will not apply to the whole policy. A few only apply to individual premiums such as liability and collision coverage. So even though you would think you can get free auto insurance, you’re out of luck. Any amount of discount will definitely reduce your overall bill.

Some of the larger companies that may include most of these discounts are:

  • Farm Bureau
  • Liberty Mutual
  • State Farm
  • Auto-Owners Insurance
  • GEICO
  • SAFECO

If you need lower rates, check with every prospective company how many discounts you can get. Savings may not apply everywhere. If you would like to choose from a list of companies with discount rates, enter your zip code here.

Save 15 percent in 15 minutes? Is it for real?

Consumers get pounded daily by advertisements for car insurance savings by GEICO, State Farm and Progressive. All the companies tend to make the same promise that you’ll save big just by switching to them.

That’s great but how can every company make almost identical claims? It’s all in the words they use.

Car insurance companies require specific criteria for the type of driver that will add to their bottom line. A good example of this type of insured might be described as between the ages of 30 and 50, is a homeowner, and drives a safe vehicle. Someone who fits those characteristics will most likely get cheap prices and will save a lot of money.

Drivers who cannot meet this stringent profile will be quoted higher premiums which usually ends up with the customer not buying. The trick is to say “people that switch” not “all people who quote” save that much money. This is how insurance companies can claim big savings.

Because of these techniques, you really should do a rate comparison at every renewal. Because you never know the company that will have the best prices at this point in time.

How to know if you need help

When buying the right insurance coverage for your vehicles, there really is not a perfect coverage plan. Every situation is different.

These are some specific questions might point out if you would benefit from an agent’s advice.

  • Are my friends covered when driving my car?
  • Is Motor Club coverage worth it?
  • Am I covered if I hit my neighbor’s mailbox?
  • Am I covered when driving in Canada or Mexico?
  • Why do I need rental car insurance?
  • What is high-risk coverage and where do I buy it?
  • Why is insurance for a teen driver so high?
  • Can I afford to buy a different vehicle if my 2015 Ford Five Hundred is totaled?
  • How do I insure my teen driver?
  • Is my custom paint covered by insurance?

If you can’t answer these questions, you may need to chat with an agent. If you want to speak to an agent in your area, complete your zip code. It’s fast, free and can help protect your family.

Specific coverage details

Knowing the specifics of your insurance policy helps when choosing the right coverages for your vehicles. The terms used in a policy can be difficult to understand and coverage can change by endorsement.

Medical expense insurance

Medical payments and Personal Injury Protection insurance pay for bills for ambulance fees, EMT expenses and surgery. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers you and your occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Liability

Liability coverage provides protection from damage that occurs to other’s property or people that is your fault. This insurance 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, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.

Liability insurance covers claims such as repair costs for stationary objects, medical services and attorney fees. 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.

Collision coverage

Collision insurance will pay to fix damage to your Five Hundred resulting from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as crashing into a ditch, driving through your garage door, damaging your car on a curb and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. Drivers also have the option to raise the deductible to save money on collision insurance.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and also any damage incurred to your Ford Five Hundred.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Normally these coverages are set the same as your liability limits.

Comprehensive (Other than Collision)

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like fire damage, hitting a deer, hitting a bird and damage from a tornado or hurricane. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

At the end of the day…

Drivers switch companies for a number of reasons such as lack of trust in their agent, delays in responding to claim requests, being labeled a high risk driver or delays in paying claims. It doesn’t matter what your reason, finding the right auto insurance provider is not as difficult as it may seem.

Some insurance companies may not provide rates over the internet small insurance companies provide coverage only through independent agencies. Cheaper auto insurance can be bought from both online companies and from local agencies, and you should compare price quotes from both so you have a total pricing picture.

While you’re price shopping online, never reduce coverage to reduce premium. In many instances, an accident victim reduced full coverage only to regret that the small savings ended up costing them much more. Your goal is to buy enough coverage at the best possible price, but don’t skip important coverages to save money.

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