Compare 1995 Ford Mustang Insurance Cost

Searching for lower insurance rates for your Ford Mustang? Did you fall for a flashy sales pitch and buy overpriced insurance? Believe me when I say you’re not alone.

Many insurers compete for your insurance dollar, and because of this it can be hard to compare auto insurance companies to find the best price available.

Lower rates by qualifying for discounts

Companies don’t always publicize all available discounts very well, so here is a list both well-publicized as well as the least known discounts you could be receiving.

  • New Vehicle Savings – Insuring a new car can save up to 30% compared to insuring an older model.
  • Seat Belt Usage – Drivers who require all occupants to use a seat belt can save 10% or more off your PIP or medical payments premium.
  • 55 and Retired – Mature drivers may be able to get better auto insurance rates for Mustang insurance.
  • Student in College – Children living away from home attending college and do not have access to a covered vehicle can be insured at a reduced rate.
  • Accident Waiver – Certain companies will allow you to have one accident before your rates go up if your claims history is clear for a certain period of time.
  • Discount for Good Grades – A discount for being a good student can get you a discount of up to 25%. Earning this discount can benefit you up until you turn 25.
  • Government Employees – Employees or retirees of the government can earn a discount up to 10% for Mustang insurance depending on your company.
  • Defensive Driver – Taking part in a course teaching defensive driving skills could save 5% or more if your company offers it.

It’s important to note that most discounts do not apply to your bottom line cost. Most cut individual premiums such as liability, collision or medical payments. So even though they make it sound like all those discounts means the company will pay you, auto insurance companies aren’t that generous.

For a list of insurers with discount auto insurance rates, click here.

Low Cost Auto Insurance

Performing a rate comparison can be a daunting task if you don’t utilize the fastest way to get free quotes. You could waste a few hours talking to insurance companies in your area, or you could use online quoting to accomplish the same thing much quicker.

Many insurance companies enroll in a system that enables customers to complete one form, and each participating company provides a quote. This saves time by eliminating quotation requests for each company you want a rate for.

To compare pricing click here to open in new window.

The one disadvantage to comparing rates this way is you are unable to specify which companies to get quotes from. If you would rather choose specific providers to request quotes from, we have assembled a list of low cost auto insurance companies in your area. Click here for list of insurance companies.

It’s up to you how you get prices quotes, just double check that you are using exactly the same coverage information with each company. If each company quotes different deductibles it will be impossible to make a fair comparison for your Ford Mustang. Just a small difference in insurance coverages can result in a big premium difference. Just remember that getting more free quotes will enable you to find better pricing.

Car insurance is unique, just like you

When it comes to choosing the best insurance coverage coverage for your personal vehicles, there really is no “best” method to buy coverage. Every insured’s situation is different so your insurance needs to address that. For example, these questions may help you determine whether your personal situation might need an agent’s assistance.

  • Am I covered if I hit a deer?
  • Do I need to file an SR-22 for a DUI in my state?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • What is the rate difference between pleasure use and commuting?
  • What if I owe more than I can insure my car for?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Insurance coverage specifics

Learning about specific coverages of your policy can be of help when determining appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. These are the usual coverages found on the average insurance policy.

Comprehensive insurance – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as damage from flooding, theft, a tree branch falling on your vehicle, hitting a bird and damage from a tornado or hurricane. The highest amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Collision coverage – Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like scraping a guard rail, driving through your garage door, crashing into a building and damaging your car on a curb. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. You can also choose a higher deductible to save money on collision insurance.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for nursing services, rehabilitation expenses, doctor visits and dental work. The coverages can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants and also covers being hit by a car walking across the street. PIP is only offered in select states but can be used in place of medical payments coverage

Coverage for liability – This protects you from damages or injuries you inflict on other people or property in an accident. This coverage protects you against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 100/300/100 which stand for a limit of $100,000 per injured person, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage protects against things such as emergency aid, repair costs for stationary objects, medical expenses, bail bonds and pain and suffering. How much liability should you purchase? That is your choice, but buy as large an amount as possible.

Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle’s occupants from other motorists when they 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.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea.

A little work can save a LOT of money

As you shop your coverage around, it’s not a good idea to reduce needed coverages to save money. In too many instances, drivers have reduced collision coverage and learned later that the small savings ended up costing them much more. Your goal should be to buy a smart amount of coverage at a price you can afford, not the least amount of coverage.

In this article, we presented a lot of techniques to lower your 1995 Ford Mustang insurance rates. The most important thing to understand is the more rate quotes you have, the better likelihood of reducing your rate. You may be surprised to find that the biggest savings come from a small local company. These smaller insurers may have significantly lower rates on certain market segments than the large multi-state companies such as Allstate, Geico and Progressive.

Low-cost insurance is definitely available on the web and with local insurance agents, and you need to price shop both to have the best selection. There are still a few companies who do not offer you the ability to get quotes online and many times these smaller companies only sell through independent insurance agents.

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