Lower Your 2010 Ford Five Hundred Car Insurance Rates 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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Searching for lower car insurance rates for your Ford Five Hundred? When searching for more affordable insurance, are you confused by the dozens of car insurance companies? Drivers have so many options that it can really be a real difficult job to locate the lowest premium rates.

If you currently have car insurance, you will most likely be able to cut costs considerably using these methods. Pricing the best insurance coverage can be fairly easy. But consumers must learn how the larger insurance companies price online insurance.

Ways to get auto insurance quotes

The majority of larger companies allow consumers to get prices on their websites. Getting prices online is fairly straightforward as all you need to do is type in your required coverages into a form. After the form is submitted, the system orders reports for credit and driving violations and returns a price quote based on many factors.

This makes comparing rates easy, but the time it takes to visit different websites and fill out multiple forms can be a bit repetitive. But it’s necessary to get many rate quotes if you want to find lower prices.

There is an easier way!

A quicker way to get multiple rate quotes uses one simple form that gets prices from several different companies. It’s a real time-saver, eliminates repetitive work, and makes price shopping online a lot less work. After sending the form, it is quoted and you can choose any of the quotes returned. If a lower price is quoted, you can simply submit the application and purchase the new policy. The entire process takes 15 minutes at the most and may save quite a bit of money.

To quickly find out how much you can save on auto insurance, simply enter your zip code here and input your coverage information. If you have your current policy handy, we recommend you copy coverages and limits as shown on your current policy. Using the same limits helps guarantee you will get a rate comparison based on the exact same insurance coverage.

The largest companies are not always cheapest

21st Century, Allstate and State Farm consistently run ads on TV and radio. They all seem to say the same thing that drivers can save some big amount just by switching your auto insurance policy to them. But how can every company offer drivers better rates?

Insurance companies can use profiling for the type of customer that will generate a profit. A good example of this type of risk profile should be between the ages of 30 and 45, has a clean driving record, and has a high credit rating. Any new insured that fits those parameters will most likely get cheap prices and will cut their rates if they switch.

Drivers who do not meet those standards will be quoted a more expensive rate which translates to the customer not purchasing. The ads say “people who switch” but not “all drivers who get quotes” save that kind of money. That’s the way companies can truthfully make claims that they all have the best premium rates. This emphasizes why it’s extremely important to compare many company’s premium rates. It’s not possible to predict which auto insurance company will be your best fit.

Affordable car insurance rates with discounts

Car insurance is not cheap, but there’s a good chance there are discounts to reduce the price significantly. Larger premium reductions will be automatically applied at the time you complete a quote, but some may not be applied and must be specially asked for in order for you to get them.

  • Passenger Safety Discount – Factory options such as air bags or automatic seat belts could see savings as much as 30%.
  • Student Driver Training – Require your teen driver to successfully take a drivers education course if offered at their school.
  • Military Rewards – Having a deployed family member may lower your prices slightly.
  • Cautious Drivers – Insureds without accidents can get discounts for up to 45% lower rates for Five Hundred coverage compared to rates paid by drivers with frequent claims.
  • Federal Employees – Employees or retirees of the government could qualify for a slight premium decrease for Five Hundred coverage but check with your company.
  • Auto/Home Discount – When you combine your auto and home insurance and place coverage with the same company you could save approximately 10% to 15%.
  • More Vehicles More Savings – Buying a policy with several vehicles on one policy can get a discount on all vehicles.
  • Claim-Free Discount – Claim-free drivers have much lower rates when compared with insureds who have frequent claims or accidents.
  • Memberships – Participating in a professional or civic organization could qualify you for a break on your next car insurance statement.
  • Discount for Life Insurance – Some car insurance companies give a discount if you purchase a life policy as well.

One last thing about discounts, most discounts do not apply to the entire cost. Most only reduce the cost of specific coverages such as comprehensive or collision. So even though they make it sound like you can get free auto insurance, insurance companies wouldn’t stay in business.

Companies that may include some of the above discounts include:

  • State Farm
  • Farmers Insurance
  • GEICO
  • American Family
  • Nationwide
  • Progressive

Before buying, ask all companies you are considering which discounts can lower your rates. Some discounts might not be offered on policies in your state. To choose car insurance companies with significant discounts, enter your zip code here.

Tailor your auto insurance coverage to you

When choosing the best auto insurance coverage, there really is no perfect coverage plan. Each situation is unique.

Here are some questions about coverages that may help highlight whether you might need professional guidance.

  • Am I covered when pulling a rental trailer?
  • What if I owe more than I can insure my car for?
  • Do I get a pro-rated refund if I cancel my policy early?
  • What is medical payments coverage?
  • Can I rate high risk drivers on liability-only vehicles?
  • I have health insurance so do I need medical payments coverage?
  • Do I have any recourse if my insurance company denies a claim?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with an insurance agent. If you don’t have a local agent, take a second and enter your zip code.

Car insurance 101

Understanding the coverages of a insurance policy can help you determine which coverages you need and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Liability

This coverage provides protection from damages or injuries you inflict on other people or property that is your fault. It protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 50/100/50 that translate to a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability coverage pays for claims like legal defense fees, pain and suffering, repair costs for stationary objects, repair bills for other people’s vehicles and medical services. How much liability coverage do you need? That is up to you, but buy as much as you can afford.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance pay for expenses for surgery, rehabilitation expenses, prosthetic devices and doctor visits. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. They cover all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision insurance

Collision coverage covers damage to your Five Hundred from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as hitting a mailbox, damaging your car on a curb and crashing into a building. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Uninsured/Underinsured Motorist coverage

This provides protection from other motorists when they either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your Ford Five Hundred.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

Comprehensive coverage

This coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like vandalism, damage from flooding and a broken windshield. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Spend less. Save more.

Cheaper 2010 Ford Five Hundred insurance can be purchased from both online companies and with local insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some car insurance companies do not provide the ability to get a quote online and these smaller companies sell through independent agents.

We covered some good ideas how you can shop for 2010 Ford Five Hundred insurance online. The key concept to understand is the more quotes you get, the more likely it is that you will get a better rate. You may be surprised to find that the lowest premium rates come from some of the lesser-known companies.

When getting insurance quotes online, it’s not a good idea to buy poor coverage just to save money. There have been many cases where an insured cut uninsured motorist or liability limits and found out when filing a claim that the savings was not a smart move. Your focus should be to purchase a proper amount of coverage at an affordable rate while still protecting your assets.

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