7 Simple Methods to Cut Ford Mustang Insurance Rates

No one in their right mind enjoys paying for car insurance, in particular when their premiums are too high.

Lots of car insurance companies contend for your business, so it can be very hard to choose a insurer and get the definite lowest rate

It’s a good idea to take a look at other company’s rates quite often because insurance rates are usually higher with each renewal. Even if you got the lowest price on Mustang insurance two years ago you may be paying too much now. There is too much inaccurate information about car insurance on the internet, so with this article, you’re going to get a bunch of ideas how to slash your car insurance rates.

Comprehensive Car Insurance Comparison

To find the best car insurance prices, there are several ways of comparing price quotes from local car insurance companies. One of the best ways to find the cheapest Ford Mustang insurance rates consists of obtaining rate quotes online. It is quite easy and can be accomplished in a couple of different ways.

Probably the best way to get quotes for comparison is an all-inclusive rate comparison click to view form in new window. This easy form eliminates the need for repetitive form entry for each company you want a rate for. One form submission gets you coverage quotes from car insurance companies with the best prices.

A more difficult way to obtain and compare quotes online consists of going to the website for every company you want to comare and complete a new quote form. For instance, we’ll assume you want to compare rates from GEICO, Liberty Mutual and Farmers. To get rate quotes you would need to spend time on each company’s site to input your insurance information, which is why the first method is more popular.

For a list of links to companies insuring cars in your area, click here.

The least efficient method to get comparison rates is to drive around to different agent offices. Shopping for car insurance online makes this process obsolete unless you have a need for the personal advice of a local agent. You can, however, get the lowest quotes online but buy from a local insurance agent and we’ll cover that in a bit.

Whichever method you choose, ensure you’re using the exact same coverage limits and deductibles for every company. If the quotes have different liability limits you will not be able to make an equal comparison. Slightly different coverages can mean a large discrepancy in price. Keep in mind that having more price comparisons will increase your chances of finding the best offered rates.

Car insurance ads bend the truth

Car insurance companies such as 21st Century, Allstate and State Farm continually stream ads on TV and radio. They all seem to make an identical promise that you’ll save big after switching your policy. How can each company make the same claim?

Insurance companies have a certain “appetite” for the type of driver that earns them a profit. An example of a driver they prefer could be between 25 and 40, is a homeowner, and drives less than 7,500 miles a year. Any new insured who meets those qualifications gets the lowest rates and as a result will probably save when switching.

Drivers who fall outside these standards will be charged higher prices which usually ends up with business going elsewhere. Company advertisements say “drivers who switch” not “everybody who quotes” save money. That’s the way insurance companies can make those claims. That is why you absolutely need to get quotes from several different companies. It’s impossible to know which company will provide you with the cheapest rates.

Pay less by taking advantage of these seven discounts

Car insurance companies don’t always list every available discount very clearly, so we researched some of the more common and the harder-to-find discounts you could be receiving.

  • Multi-car Discount – Having more than one vehicle on the same car insurance policy can get a discount on all vehicles.
  • Organization Discounts – Being a member of certain professional organizations could qualify you for a break when shopping for car insurance on Mustang insurance.
  • Braking Control Discount – Vehicles equipped with ABS or steering control can reduce accidents and qualify for as much as a 10% discount.
  • Passive Restraints – Cars that have air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.
  • Drivers Education – Have your child successfully complete driver’s ed class if offered at their school.
  • Multi-policy Discount – If you have multiple policies with the same insurance company you may earn 10% to 20% off each policy.
  • Federal Government Employee – Employees or retirees of the government can earn a discount up to 10% on Mustang insurance with select insurance companies.

A little note about advertised discounts, some credits don’t apply the the whole policy. Most cut the price of certain insurance coverages like liability and collision coverage. So despite the fact that it appears it’s possible to get free car insurance, it just doesn’t work that way.<img class="alignright" style="padding-top:15px" src="https://www.findnewcarinsurance.com/wp-content/uploads/ci175-88.jpg" alt=" insurance quotes” />

What if I want to buy from a local agent?

Certain consumers would rather talk to a local agent. The best thing about getting online price quotes is that you can obtain the best rates but still work with a licensed agent.

After completing this simple form, your insurance data is sent to insurance agents who will give you bids for your business. You don’t have to visit any agencies due to the fact that quote results will go to your email. You’ll get the best rates AND a local agent.

Choosing an insurer should depend on more than just the bottom line cost. These questions are important to ask:

  • Which company do they place the most coverage with?
  • How long has their agency been in business?
  • Do they have any clout with companies to ensure a fair claim settlement?
  • Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
  • If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
  • If they are an independent agency, which companies do they recommend?
  • Does the agency provide any after hours assistance?

Two types of auto insurance agents

When researching a reliable agent, you need to know there are two different types of agents to choose from. Insurance agencies are either captive or independent (non-captive).

Agency Captives

Captive agents are contracted to one company and examples are Allstate, Farmers Insurance, State Farm and AAA. These agents are not able to provide prices from multiple companies so they are skilled at selling on more than just price. They receive extensive training on their products and sales techniques which can be an advantage.

Independent Insurance Agents

Independent insurance agents are not employed by any specific company but rather can write business with multiple insurance companies and possibly get better coverage at lower prices. To transfer your coverage to a different company, an independent agent can move your coverage and that require little work on your part. When comparing rates, it’s a good idea to contact at least one independent agent to get the best comparison.

To view a complete directory of car insurance agents, click here.

Upon getting answers to your satisfaction to all your questions as well as a affordable price, it’s possible that you found an auto insurance agent that can insure your vehicles. But keep in mind you can always terminate coverage whenever you wish so never feel that you’re stuck with your new company for the full term.

Coverages available on your policy

Learning about specific coverages of your policy can be of help when determining the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Below you’ll find the usual coverages found on the average car insurance policy.

Medical payments coverage and PIP – Med pay and PIP coverage provide coverage for immediate expenses such as ambulance fees, prosthetic devices, rehabilitation expenses, dental work and nursing services. The coverages can be used in conjunction with a health insurance program or if there is no health insurance coverage. It covers all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not universally available but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage – This coverage gives you protection when other motorists are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your Ford Mustang.

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 should not be overlooked.

Comprehensive coverage – This coverage pays for damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Ford Mustang insurance

Comprehensive coverage pays for claims like theft, rock chips in glass and falling objects. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Liability car insurance – Liability coverage provides protection from damages or injuries you inflict on other’s property or people that is your fault. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability insurance covers things such as medical expenses, pain and suffering and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but buy as high a limit as you can afford.

Collision coverages – This coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision insurance covers things such as backing into a parked car, rolling your car and sustaining damage from a pot hole. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.

A little work can save a LOT of money

The cheapest Ford Mustang insurance is attainable from both online companies in addition to many insurance agents, and you should compare price quotes from both to have the best selection. A few companies do not provide you the ability to get quotes online and usually these smaller companies provide coverage only through local independent agents.

We just showed you some good ideas how you can lower your Ford Mustang insurance rates. The most important thing to understand is the more times you quote, the better chance you’ll have of finding lower rates. Consumers may even find the lowest priced car insurance comes from an unexpected company. Smaller companies often have lower prices on specific markets as compared to the big name companies such as Progressive or GEICO.