1996 Ford Mustang Insurance Rates

Searching for the cheapest car insurance rates for your Ford Mustang? Are you tired of paying out the nose to insure your Ford every month? Your situation is no different than millions of other consumers.

Companies like GEICO, Progressive and Allstate constantly blast consumers with catchy ads and it can be hard to ignore the flashy ads and take the time to shop coverage around.

These discounts can lower your rates

Auto insurance companies do not list all available discounts in a way that’s easy to find, so we took the time to find both well-publicized and the more hidden insurance coverage savings.

  • Save with a New Car – Putting insurance coverage on a new car can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • Discount for Swiching Early – A few companies offer discounts for signing up prior to your current policy expiring. The savings is around 10%.
  • Service Members Pay Less – Having a family member in the military can result in better rates.
  • Club Memberships – Affiliation with certain professional organizations is a good way to get lower rates when buying insurance coverage on Mustang insurance.
  • Senior Citizens – If you’re over the age of 55, you can possibly qualify for a small decrease in premiums on Mustang insurance.

Drivers should understand that most of the big mark downs will not be given the the whole policy. Most cut the price of certain insurance coverages like collision or personal injury protection. Just because you may think all the discounts add up to a free policy, you won’t be that lucky.

For a list of companies with the best insurance coverage discounts, click here to view.

The best way to compare car insurance rates takes advantage of the fact auto insurance companies participate in a system to give rate comparisons. To begin a comparison, all you need to do is provide the companies a bit of rating information including how old drivers are, distance driven, an estimate of your credit level, and your education level. Your rating data is instantly submitted to insurance carriers in your area and you will receive price estimates within a short period of time.

Why you might be paying too much to insure your Ford Mustang

Consumers need to have an understanding of the rating factors that play a part in calculating your car insurance rates. Knowing what controls the rates you pay helps enable you to make changes that can help you get much lower annual insurance costs.

  • Multi-policy discounts can save money – Most car insurance companies provide better rates to insureds who have multiple policies with them, otherwise known as a multi-policy discount. Even though this discount sounds good, it’s in your best interest to compare rates to ensure the best deal.
  • Better credit means lower rates – Having a bad credit score is a important factor in determining your rates. If your credit is lower than you’d like, you could be paying less to insure your 1996 Ford Mustang by improving your credit score. Drivers with high credit scores tend to file fewer claims and have better driving records than drivers with poor credit.
  • Are you male or female? – Statistics demonstrate women are more cautious behind the wheel. However, this does not mean men are worse drivers. Men and women are in accidents at about the same rate, but the male of the species have costlier accidents. Men also tend to get more serious tickets such as reckless driving. Teenage male drivers are the most expensive to insure and thus pay the highest rates.
  • Where do you drive? – Driving more miles each year the more you’ll pay to insure your vehicle. The majority of insurers rate vehicles determined by how the vehicle is used. Autos used primarily for pleasure use qualify for better rates than vehicles that are driven to work every day. Double check that your car insurance coverage shows the proper vehicle usage. Incorrect usage on your Mustang may be wasting your money.
  • Lower rates come with age – Young drivers are statistically proven to be more careless when behind the wheel so car insurance rates are higher. Older insureds are viewed as being more responsible, tend to cause fewer accidents and are safer drivers.
  • You might want pay the small claims yourself – Companies generally give better rates to policyholders who do not rely on their insurance for small claims. If you frequently file small claims, you can pretty much guarantee either policy cancellation or increased premiums. Car insurance is intended to be relied upon for major claims that would cause financial hardship.

Different people need different coverages

When it comes to choosing the right insurance coverage, there isn’t really a cookie cutter policy. Every situation is different and your policy should reflect that. Here are some questions about coverages that might point out whether or not you could use an agent’s help.

  • Are rental cars covered under my policy?
  • Am I covered when driving on a suspended license?
  • Can my babysitter drive my car?
  • How much liability coverage do I need in my state?
  • Do I need rental car coverage?
  • Do I need more liability coverage?
  • How do I buy GAP insurance?
  • Is borrowed equipment or tools covered if stolen or damaged?

If you’re not sure about those questions, you may need to chat with an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies.

Do drivers who switch really save?

Auto insurance companies such as Allstate and Progressive continually stream ads in print and on television. They all seem to say the same thing that you can save after switching your policy. But how can every company make almost identical claims? It’s all in the numbers.

Insurance companies are able to cherry pick for the driver that makes them money. An example of a desirable insured could be between 30 and 50, owns a home, and drives less than 10,000 miles a year. Any new insured who matches those parameters receives the best rates and therefore will save a lot of money.

Consumers who don’t measure up to these standards will be charged more money which leads to business going elsewhere. The ads state “drivers who switch” not “everybody who quotes” save that kind of money. That is how companies can advertise the savings. That is why you need to get as many comparisons as possible. It’s impossible to know the company that will provide you with the cheapest Ford Mustang insurance rates.

What insurance coverages do you need?

Having a good grasp of your policy can help you determine the right coverages for your vehicles. Insurance terms can be ambiguous and nobody wants to actually read their policy. Listed below are typical coverage types available from insurance companies.

Comprehensive coverages – This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like hitting a bird, rock chips in glass, falling objects and fire damage. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for medical payments – Med pay and PIP coverage provide coverage for expenses for things like rehabilitation expenses, surgery, nursing services, dental work and funeral costs. They 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 you and your occupants and will also cover if you are hit as a while walking down the street. PIP is not an option in every state and may carry a deductible

Liability auto insurance – Liability coverage protects you from damage that occurs to other people or property. It protects YOU against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability insurance covers things like repair costs for stationary objects, pain and suffering, structural damage, funeral expenses and repair bills for other people’s vehicles. How much liability coverage do you need? That is up to you, but buy as large an amount as possible.

Uninsured and underinsured coverage – Your UM/UIM coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your Ford Mustang.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea.

Collision – This coverage will pay to fix damage to your Mustang resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for things like rolling your car, hitting a parking meter and crashing into a ditch. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to save money on collision insurance.

Saving money makes a lot of cents

When buying insurance coverage, make sure you don’t sacrifice coverage to reduce premiums. In too many instances, an accident victim reduced comprehensive coverage or liability limits only to find out that the small savings ended up costing them much more. The ultimate goal is to buy enough coverage for the lowest price while still protecting your assets.

We covered many tips how you can reduce 1996 Ford Mustang insurance prices online. The key thing to remember is the more price quotes you have, the better your chances of lowering your rates. Consumers may even find the lowest premiums are with some of the smallest insurance companies. These smaller insurers can often provide lower rates in certain areas as compared to the big name companies such as State Farm and Allstate.

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