Compare 2004 Ford Mustang Insurance Quotes

Having to pay for overpriced Ford Mustang insurance can overdraw your personal savings and put a big crunch on your finances. Comparison shopping is a great way to cut your insurance bill.

Online insurance companies like Allstate, Progressive and Geico all promote huge savings with fancy advertisements and consumers find it hard to ignore the flashy ads and do the work needed to find the best deal.

Consumers need to get comparison quotes quite often because rates tend to go up over time. Despite the fact that you may have had the lowest rates for Mustang coverage two years ago there is a good chance you can find better rates now. Forget anything you know (or think you know) about auto insurance because you’re about to find out the fastest and easiest way to get good coverage at a lower rate.

If you have car insurance now, you will be able to reduce your rates substantially using this strategy. Choosing the best insurance company for you is easy if you know what you’re doing. Although consumers should learn the way companies market insurance on the web because it can help you find the best coverage.

Free Insurance Coverage Quotes

The are a couple different ways of comparing price quotes from local insurance coverage companies. The simplest method to find the lowest 2004 Ford Mustang rates is simply to get online rate quotes. This is very easy and can be done in several different ways.

  1. One of the best ways to compare a lot of rates at once would be an industry-wide quote request form click to view form in new window. This type of form saves time by eliminating separate quotes to each individual insurance coverage company. One quote request will get you price quotes from many national carriers.
  2. A harder way to find lower rates is to manually visit each company’s website and request a quote. For examples sake, let’s say you want rates from USAA, Farmers and American Family. To find out each rate you need to take the time to go to each site and enter your information, which is why most consumers use the first method. To view a list of companies in your area, click here.

However you get your quotes, make darn sure you compare apples-to-apples coverage information for each price quote. If each company quotes unequal deductibles or liability limits it will be impossible to determine which rate is truly the best. Just a small difference in coverage limits can make a big difference in price. Just remember that quoting more helps you find lower pricing.

Save $412 a year. For real?

Progressive, Allstate and Geico constantly bombard you with ads in print and on television. All the companies have a common claim of big savings if you switch to their company. How do they all say the same thing?

Insurance companies have a preferred profile for the right customer that earns them a profit. For instance, a driver they prefer might be profiled as between the ages of 30 and 50, a clean driving record, and drives less than 7,500 miles a year. Any driver who fits that profile will get the preferred rates and is almost guaranteed to cut their rates substantially.

Potential insureds who don’t qualify for these standards will be quoted more money and ends up with business going elsewhere. Company advertisements say “people who switch” not “everybody who quotes” save that kind of money. That’s why insurance companies can make those claims.

This emphasizes why it is so important to quote coverage with many companies. It is impossible to predict the company that will fit your personal profile best.

Do you qualify for discounts?

Insurance can be prohibitively expensive, but discounts can save money and there are some available that many people don’t even know exist. Some trigger automatically at the time you complete a quote, but lesser-known reductions have to be asked for before you will receive the discount.

  • Club Memberships – Being a member of a civic or occupational organization could trigger savings on your policy for Mustang coverage.
  • Safe Driver Discount – Drivers who avoid accidents may save up to 50% more for Mustang coverage than drivers with accidents.
  • Military Discounts – Being on active duty in the military could be rewarded with lower premiums.
  • Braking Control Discount – Vehicles equipped with ABS or steering control are safer to drive and qualify for as much as a 10% discount.
  • Own a Home – Owning a house can save you money due to the fact that maintaining a home is proof that your finances are in order.
  • Driver’s Ed – Require your teen driver to complete a driver education course if it’s offered in school.

Keep in mind that most discounts do not apply to the entire policy premium. Some only apply to the cost of specific coverages such as comp or med pay. So even though it sounds like you would end up receiving a 100% discount, it doesn’t quite work that way. But all discounts will reduce the cost of coverage.

Car insurance companies who might offer these discounts may include but are not limited to:

Check with each company how you can save money. Discounts might not be offered in your state.

Don’t assume everyone needs the same coverage

When it comes to choosing the right insurance coverage, there really is no “perfect” insurance plan. Everyone’s needs are different so your insurance should reflect that For instance, these questions can help discover if you would benefit from an agent’s advice.

  • Do I need special endorsements for business use of my vehicle?
  • Is my teen driver covered when they drive my company car?
  • Does coverage extend to Mexico or Canada?
  • Do I have coverage for damage caused while driving under the influence?
  • Which companies will insure high-risk drivers?
  • When do I need to add a new car to my policy?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area.

Insurance coverage options for a 2004 Ford Mustang

Having a good grasp of your insurance policy can be of help when determining the best coverages and proper limits and deductibles. Insurance terms can be impossible to understand and coverage can change by endorsement. These are typical coverage types available from insurance companies.

Liability car insurance

Liability coverage protects you from injuries or damage you cause to a person or their property. It protects you against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 50/100/50 which means a $50,000 limit per person for injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage pays for claims such as pain and suffering, court costs, structural damage, funeral expenses and legal defense fees. The amount of liability coverage you purchase is your choice, but consider buying higher limits if possible.

Auto collision coverage

This coverage pays for damage to your Mustang resulting from colliding with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims like hitting a parking meter, rolling your car, scraping a guard rail and colliding with another moving vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Coverage for uninsured or underinsured drivers

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

Because many people have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses such as nursing services, chiropractic care, rehabilitation expenses and hospital visits. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers all vehicle occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Comprehensive insurance

This pays for damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as a broken windshield, damage from a tornado or hurricane, vandalism and rock chips in glass. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

One last thing

Cost effective 2004 Ford Mustang insurance can be sourced from both online companies and also from your neighborhood agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance providers may not provide the ability to get a quote online and many times these small, regional companies only sell through independent insurance agents.

As you go through the steps to switch your coverage, you should never buy less coverage just to save a little money. Too many times, drivers have reduced physical damage coverage only to regret that they should have had better coverage. Your strategy should be to get the best coverage possible at an affordable rate, not the least amount of coverage.

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