Have you fallen victim to an overpriced auto insurance policy? Trust us when we tell you you’re not the only one. Popular companies such as State Farm, Farmers Insurance, GEICO and Allstate constantly bombard you with catchy ads and it is challenging if not impossible to see past the geckos and flying pigs and effectively compare rates to find the best deal.
It’s a good habit to price shop coverage periodically since insurance rates change regularly. Even if you got the lowest rates on Mustang insurance a few years ago there may be better deals available now. Don’t believe everything you read about auto insurance online but I’m going to show you some great ways to stop overpaying for insurance.
If you have insurance now or are looking for a new policy, you can use this information to reduce the price you pay and possibly find even better coverage. Finding affordable coverage is not that difficult. Vehicle owners just need to know the most effective way to get comparison rates on the web.
Smart consumers have a good feel for the factors that play a part in calculating the price you pay for car insurance. Knowing what controls the rates you pay allows you to make educated decisions that will entitle you to big savings.
Shown below are some of the items companies use to determine prices.
There are a variety of methods you can shop for 1997 Ford Mustang auto insurance and some are less time-consuming than others. You can waste a lot of time discussing policy coverages with agents in your area, or you could use the web to achieve your goal.
The majority of car insurance companies participate in a marketplace where prospective buyers enter their policy data once, and each company provides a quote based on that information. This prevents consumers from doing quotation requests for each company.
To get comparison pricing now click here (opens in new window).
The single downside to doing it this way is you can’t choose which providers to get quotes from. So if you want to select specific providers for rate comparison, we put together a list of companies who write auto insurance in your area. Click here for list of insurance companies.
However you get your quotes, double check that you are using the exact same deductibles and coverage limits for each comparison quote. If you use higher or lower deductibles it will be impossible to find the best deal for your Ford Mustang.
Consumers get pounded daily by advertisements for the lowest price auto insurance by companies like State Farm, GEICO and Progressive. All the companies make an identical promise that you can save if you switch to them.
How can each company make almost identical claims?
All companies can use profiling for the type of driver that makes them money. For example, a desirable insured might be between the ages of 30 and 50, has no driving citations, and has a high credit rating. Any new insured that hits that “sweet spot” is entitled to the best price and therefore will save quite a bit of money when switching.
Potential customers who are not a match for these standards will be quoted higher premiums and this can result in the driver buying from a lower-cost company. The ads state “customers that switch” but not “drivers who get quotes” save money. This is how companies can advertise the savings. This emphasizes why it’s extremely important to compare as many rates as you can. It’s just too difficult to predict which company will give you the biggest savings on Ford Mustang insurance.
Companies offering auto insurance do not advertise every available discount very well, so the following is a list of both the well known as well as the least known discounts you could be receiving. If you don’t get every credit available, you’re just leaving money on the table.
It’s important to note that most of the big mark downs will not be given to the entire policy premium. Most only apply to individual premiums such as comprehensive or collision. Just because it seems like all those discounts means the company will pay you, you won’t be that lucky.
Insurance companies that possibly offer some of the above discounts may include but are not limited to:
Before buying, ask each insurance company which discounts you may be entitled to. Discounts might not be offered everywhere.
When buying the best auto insurance coverage, there really is no perfect coverage plan. Every situation is different so this has to be addressed. Here are some questions about coverages that might help in determining if you might need professional guidance.
If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and may give you better protection.
Knowing the specifics of insurance can be of help when determining appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be confusing and coverage can change by endorsement. Listed below are typical coverages found on the average insurance policy.
Protection from uninsured/underinsured drivers
Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Ford Mustang.
Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.
This provides protection from damage that occurs to other people or property in an accident. It protects YOU from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 that means you have a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.
Liability can pay for things like funeral expenses, bail bonds, attorney fees, medical expenses and pain and suffering. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as large an amount as possible.
Medical expense insurance
Med pay and PIP coverage provide coverage for bills for dental work, surgery, X-ray expenses, prosthetic devices and funeral costs. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is only offered in select states but can be used in place of medical payments coverage
Collision coverage protection
Collision coverage will pay to fix damage to your Mustang caused by collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.
Collision insurance covers claims like scraping a guard rail, backing into a parked car and hitting a parking meter. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. You can also increase the deductible to get cheaper collision coverage.
Comprehensive (Other than Collision)
Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive insurance covers things like theft, vandalism and hail damage. The maximum payout you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
As you go through the steps to switch your coverage, don’t be tempted to skimp on critical coverages to save a buck or two. In many cases, drivers have reduced uninsured motorist or liability limits to discover at claim time that they should have had better coverage. The ultimate goal is to get the best coverage possible at a price you can afford.
Affordable 1997 Ford Mustang insurance can be sourced from both online companies and also from your neighborhood agents, and you should be comparing both to have the best chance of lowering rates. Some insurance companies may not provide online quoting and these regional insurance providers work with independent agents.
More tips and info about insurance coverage can be found at these sites: