Lower Your 2000 Ford Mustang Car Insurance Rates

Searching for the cheapest insurance rates for your Ford Mustang? Cutting costs on insurance can seem to be nearly impossible for people who are new to comparison shopping online. Consumers have so many options available that it can easily become a challenge to locate the lowest price.

It is always a good idea to price shop coverage once or twice a year due to the fact that insurance rates change frequently. Even if you got the best deal for Mustang insurance a few years ago there may be better deals available now. Block out anything you think you know about insurance because we’re going to demonstrate the easiest way to find great coverage at a great price.

Factors that might impact rates for a Ford Mustang

An important part of buying insurance is that you know the factors that come into play when calculating the rates you pay for auto insurance. When you know what positively or negatively determines base rates helps enable you to make changes that will entitle you to lower auto insurance prices.

The list below includes some of the items that factor into prices.

  • Your location affects your rates – Living in small towns and rural areas can save you money when buying auto insurance. Lower population means reduced accidents and a lower car theft rate. Urban drivers tend to have traffic congestion and a longer drive to work. Longer commute distances translates into higher accident risk.
  • Liability coverage is cheap – Your policy’s liability coverage will protect you if you are found to be at fault for personal injury or accident damage. Liability provides legal defense which can be incredibly expensive. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so do not skimp.
  • How your age affects price – Teen drivers tend to be careless and easily distracted behind the wheel so auto insurance rates are higher. Parents adding a teenage driver to your policy can break the bank. Older drivers are more cautious drivers, tend to file fewer claims and tend to be better behind the wheel.
  • Don’t get talked into coverage you don’t need – There are a lot of add-on coverages you can purchase on your 2000 Mustang policy. Coverages for roadside assistance, better glass coverage and additional equipment coverage are some examples. These may sound like a good investment when you first buy your policy, but now you might not need them so eliminate them to save money.
  • Traffic violations increase rates – Drivers with clean records tend to pay less for car insurance than people who have multiple driving citations. Only having one ticket may increase your cost twenty percent or more. If you have severe violations such as hit and run, DWI or reckless driving convictions may find they need to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to drive a vehicle legally.

Discounts are basically free money

Car insurance can cost a lot, but companies offer discounts to cut the cost considerably. Some discounts apply automatically at the time of quoting, but some must be specially asked for before you get the savings.

  • E-sign – Certain companies may give you up to $50 for buying a policy and signing up digitally online.
  • Distant Student – Any of your kids who live away from home and do not have access to a covered vehicle can be insured at a reduced rate.
  • Save over 55 – Older drivers may be able to get reduced rates for Mustang insurance.
  • Payment Method – If paying your policy premium upfront instead of paying each month you could save up to 5%.
  • Homeowners Discount – Simply owning a home can help you save on car insurance due to the fact that maintaining a home shows financial diligence.
  • Drive Safe and Save – Safe drivers can get discounts for up to 45% lower rates for Mustang insurance than less cautious drivers.

As a disclaimer on discounts, most discounts do not apply to the entire cost. Most cut the price of certain insurance coverages like liability and collision coverage. So despite the fact that it appears all those discounts means the company will pay you, car insurance companies aren’t that generous. But any discount will reduce your premiums.

Car insurance companies that may offer some of the above discounts may include but are not limited to:

Check with all companies you are considering which discounts they offer. Some discounts may not apply in every state.

Which insurance is the “right” coverage?

When choosing coverage for your vehicles, there really is no single plan that fits everyone. Everyone’s needs are different.

These are some specific questions can aid in determining if your situation could use an agent’s help.

  • Can I afford low physical damage deductibles?
  • How does medical payments coverage work?
  • Am I insured when driving a different vehicle?
  • Should I get collision insurance on every vehicle?
  • Am I missing any policy discounts?
  • How much liability do I need to cover my assets?
  • Am I better off with higher deductibles on my 2000 Ford Mustang?
  • Are there companies who specialize in insuring high-risk drivers?

If you can’t answer these questions but one or more may apply to you, you may need to chat with a licensed insurance agent. If you don’t have a local agent, fill out this quick form.

Parts of your car insurance policy

Having a good grasp of car insurance can be of help when determining appropriate coverage at the best deductibles and correct limits. Car insurance terms can be ambiguous and coverage can change by endorsement.

Medical costs insurance

Coverage for medical payments and/or PIP kick in for short-term medical expenses for hospital visits, pain medications, chiropractic care, doctor visits and surgery. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay


Liability coverage provides protection from injuries or damage you cause to other people or property by causing an accident. It protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Some companies may use a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for claims such as pain and suffering, bail bonds, medical expenses, loss of income and structural damage. How much liability coverage do you need? That is your choice, but buy higher limits if possible.

Comprehensive or Other Than Collision

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as damage from a tornado or hurricane, hitting a deer and a tree branch falling on your vehicle. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

UM/UIM Coverage

Your UM/UIM coverage gives you protection when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Ford Mustang.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Most of the time these coverages are similar to your liability insurance amounts.

Collision coverage protection

Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like hitting a mailbox, colliding with another moving vehicle and sustaining damage from a pot hole. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Final thoughts

As you shop your coverage around, don’t be tempted to buy lower coverage limits just to save a few bucks. Too many times, someone dropped full coverage and learned later that the small savings ended up costing them much more. The ultimate goal is to find the BEST coverage at an affordable rate, not the least amount of coverage.

People who switch companies do it for many reasons like lack of trust in their agent, high prices, delays in responding to claim requests and delays in paying claims. It doesn’t matter why you want to switch finding a great new company can be less work than you think.

We just presented many tips how you can compare 2000 Ford Mustang insurance prices online. The key thing to remember is the more you quote, the better your chances of lowering your rates. You may be surprised to find that the best price on car insurance is with a lesser-known regional company.

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