Lower Your 2001 Ford Mustang Insurance Quotes

Drivers have lots of choices when trying to find affordable Ford Mustang insurance. They can either waste time driving around to compare prices or save time using the internet to get rate quotes.

There are more efficient ways to compare car insurance rates and you need to know the absolute fastest way to get price quotes for a Ford and locate the best price possible from both online companies and local agents.

If you have insurance now or are just looking to switch companies, you can use this information to get lower rates while maintaining coverages. The purpose of this post is to familiarize you with how to effectively get price quotes and some tricks to saving. Drivers just need to learn the most efficient way to find the lowest price online.

Quick Insurance Coverage Quotes

Getting better 2001 Ford Mustang insurance coverage pricing can be relatively painless. You just need to spend a little time getting comparison quotes from different insurance companies. This can be accomplished in a couple of different ways.

  1. The first (and easiest) way consumers can analyze rates would be an industry-wide quote request form click here to open form in new window. This method keeps you from doing separate quotes for each company. A single, simple form will return quotes from several companies.It’s the quickest way to get rates.
  2. A different way to analyze rates requires visiting the website for each individual company to complete their respective quote request forms. For examples sake, we’ll assume you want comparison quotes from State Farm, GEICO and GMAC. You would have to spend time on each company’s site and enter your information, which is why most consumers use the first method. For a list of links to companies insuring cars in your area, click here.

It doesn’t matter which method you choose, just be sure to compare the exact same quote information on every quote you get. If your comparisons have unequal deductibles or liability limits it will be next to impossible to make an equal comparison.

How much can you save with discounts?

The price of auto insurance can be rather high, but discounts can save money and there are some available to reduce the price significantly. A few discounts will automatically apply at the time of purchase, but some must be manually applied before you get the savings. If you’re not getting every credit possible, you’re paying more than you need to.

  • Good Students Pay Less – This discount can save 20 to 25%. The discount lasts up to age 25.
  • Multiple Vehicles – Buying insurance for multiple vehicles on one policy could earn a price break for each car.
  • Payment Method – If you pay your entire premium ahead of time instead of making monthly payments you could save 5% or more.
  • Lower Rates for Military – Having a deployed family member could mean lower rates.
  • Passive Restraint Discount – Factory air bags or motorized seat belts can get savings of more than 20%.
  • Driver’s Ed – Require your teen driver to take driver’s ed class in school.
  • Auto/Home Discount – If you have multiple policies with the same insurance company you may earn approximately 10% to 15%.
  • Low Mileage Discounts – Driving fewer miles can earn better rates on cars that stay parked.

Consumers should know that some credits don’t apply to the entire policy premium. Most only reduce individual premiums such as comp or med pay. Even though it may seem like adding up those discounts means a free policy, companies don’t profit that way. Any qualifying discounts will cut your overall premium however.

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

How much car insurance do I need?

When choosing coverage, there isn’t really a cookie cutter policy. Every insured’s situation is different.

Here are some questions about coverages that can aid in determining whether or not you might need professional guidance.

  • What is the minimum liability in my state?
  • When should I drop full coverage on my 2001 Ford Mustang?
  • When can I cancel my policy?
  • Do I need to file an SR-22 for a DUI in my state?
  • Am I covered if I wreck a rental car?
  • Am I covered if hit by an uninsured driver?
  • Do I have coverage for damage caused while driving under the influence?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed agent. To find lower rates from a local agent, complete this form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Ford Mustang insurance rates have many determining factors

An important part of buying insurance is that you know the different types of things that play a part in calculating your car insurance rates. When you know what positively or negatively determines base rates enables informed choices that will entitle you to better car insurance rates.

Shown below are some of the items car insurance companies consider when setting prices.

  • Keep rates low by being claim-free – Auto insurance companies award lower rates to people who do not file claims often. If you file claims often, you can expect either higher rates or even cancellation. Auto insurance is intended to be relied upon for the large, substantial claims.
  • Where you reside plays a part – Being located in small towns and rural areas is a positive aspect when it comes to car insurance. Less people living in that area translates into fewer accidents as well as less vandalism and auto theft. Drivers who live in large cities have to deal with more traffic problems and much longer commute distances. More time on the road translates into higher accident risk.
  • Men fork out a little more – Statistics show women are more cautious behind the wheel. That doesn’t necessarily mean that women are better drivers. They both tend to get into accidents at a similar rate, but the males cause more damage. They also receive more costly citations like DUI and reckless driving. Young males tend to get in the most accidents and are penalized with high car insurance rates.
  • Your spouse saves you money – Having a spouse can actually save you money on your car insurance policy. Having a spouse is viewed as being more mature and responsible and it’s proven that married drivers get in fewer accidents.
  • High credit ratings translate to low rates – Having a bad credit history is a large factor in calculating your car insurance rates. Therefore, if your credit score is not that good, you could save money insuring your 2001 Ford Mustang by spending a little time repairing your credit. Consumers who have excellent credit tend to be less risk to insure than drivers with lower credit scores.

Beware of misleading car insurance ads

Drivers can’t ignore all the ads for cheaper car insurance by companies like Progressive, Allstate and GEICO. All the ads have a common claim that you’ll save big if you switch to them.

How do they all say the same thing?

All companies have a certain “appetite” for the right customer that earns them a profit. For instance, a profitable customer could be between 25 and 40, has no driving citations, and has great credit. Any new insured who matches those parameters is entitled to the best price and most likely will save when switching.

Potential insureds who don’t meet this ideal profile will be quoted more money and ends up with business going elsewhere. The ads state “people who switch” not “everyone that quotes” save that much. That’s why insurance companies can confidently advertise the way they do.

This emphasizes why drivers must get as many comparisons as possible. It’s not possible to predict which insurance companies will fit your personal profile best.

Coverage specifics

Understanding the coverages of insurance can be of help when determining appropriate coverage and proper limits and deductibles. Policy terminology can be confusing and nobody wants to actually read their policy.

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your Ford Mustang.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually these limits are similar to your liability insurance amounts.

Liability insurance

This will cover damage or injury you incur to other’s property or people. This coverage protects you against claims from other people, and 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. As an example, you may have liability limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability insurance covers claims like medical services, repair costs for stationary objects, legal defense fees and medical expenses. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage pay for expenses such as ambulance fees, rehabilitation expenses and dental work. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers both the driver and occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Collision protection

Collision coverage pays for damage to your Mustang resulting from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as scraping a guard rail, colliding with another moving vehicle, hitting a parking meter, colliding with a tree and rolling your car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Comprehensive insurance

Comprehensive insurance coverage pays for 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 can pay for things like vandalism, hail damage and rock chips in glass. The maximum amount a insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Be a penny pincher

In this article, we covered many tips how you can reduce 2001 Ford Mustang insurance prices online. The key thing to remember is the more you quote, the better likelihood of reducing your rate. Consumers may even find the lowest rates come from a smaller regional carrier.

As you shop your coverage around, it’s not a good idea to buy lower coverage limits just to save a few bucks. There are many occasions where an insured dropped uninsured motorist or liability limits only to find out that it was a big error on their part. The aim is to buy a smart amount of coverage at the best price.

People who switch companies do it for a variety of reasons including extreme rates for teen drivers, delays in responding to claim requests, delays in paying claims or even policy cancellation. It doesn’t matter what your reason, switching auto insurance companies can be pretty painless.

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