How Much Does 1997 Ford Mustang Insurance Cost?

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.

What determines your Ford Mustang insurance premium

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.

  • You might want pay the small claims yourself – Car insurance companies generally give lower rates to drivers who are claim-free. If you file claims often, you can definitely plan on either higher rates or even cancellation. Auto insurance is designed for larger claims.
  • Mature drivers pay less – Older insureds are viewed as being more responsible, statistically cause fewer accidents and are safer drivers. Youthful drivers tend to be more careless when behind the wheel therefore car insurance rates are much higher.
  • Liability coverage is peace of mind – Your policy’s liability coverage provides coverage if ever you are found liable for damages caused by your negligence. It will provide for a legal defense which can cost thousands of dollars. This coverage is very inexpensive as compared to coverage for physical damage, so do not skimp.
  • High credit ratings translate to low rates – A driver’s credit score is a important factor in determining what you pay for car insurance. So if your credit rating is lower than you’d like, you could save money insuring your 1997 Ford Mustang by improving your rating. Drivers with high credit scores tend to file fewer claims and have better driving records than drivers with poor credit.
  • Where do you drive? – The more you drive in a year the higher your rate. Almost all companies charge to insure your cars based on their usage. Autos that are left in the garage can get a lower rate compared to those used for work or business. Verify your car insurance policy is showing the correct driver usage, because it can save money. If your policy improperly rates your Mustang may be wasting your money.
  • Poor driving leads to higher costs – Only having one ticket can bump up the cost twenty percent or more. Drivers who don’t get tickets have lower premiums than bad drivers. Drivers with serious tickets such as DUI or reckless driving are required to file a SR-22 with their state DMV in order to continue driving.
  • Drive a safer car and pay less – Vehicles with high crash test scores get lower rates. Safe vehicles protect occupants better and any reduction in injury severity means lower claim amounts and lower rates for you. If your Ford scored better than four stars on you may qualify for a discount.
  • Don’t let your coverage lapse – Letting your insurance expire is a quick way to bump up your car insurance costs. Not only will rates go up, getting caught without coverage may earn you a license revocation or jail time.You may need to file a SR-22 with your state department of motor vehicles.

How to Lower Your Auto Insurance Cost

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.

Advertising myths

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.

Do you qualify for a discount?

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.

  • Theft Prevention System – Anti-theft and alarm systems prevent vehicle theft and therefore earn up to a 10% discount.
  • Accident Free – Drivers with accident-free driving histories can save substantially when compared to accident-prone drivers.
  • Drive Less and Save – Low mileage vehicles could be rewarded with a substantially lower rate.
  • Seat Belts Save – Buckling up and requiring all passengers to buckle their seat belts can save 10% or more on the medical payments or PIP coverage costs.
  • Homeowners Savings – Being a homeowner can save you money because maintaining a house is proof that your finances are in order.
  • Discount for Life Insurance – Some companies give a break if you buy auto and life insurance together.
  • Early Signing – Some insurance companies reward drivers for buying a policy prior to your current policy expiring. This can save 10% or more.

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.

What coverages do I need?

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.

  • Am I covered by my spouse’s policy after a separation?
  • Can my teen driver be rated on a liability-only vehicle?
  • Am I covered when driving in Canada or Mexico?
  • What is PIP insurance?
  • What is the rate difference between pleasure use and commuting?
  • How can I find cheaper teen driver insurance?
  • Should I buy more coverage than the required minimum liability coverage?

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.

Specifics of your insurance policy

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.

Auto liability

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.

Be a money saver!

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: