How Much Does 2011 Ford Mustang Insurance Cost?

Drivers have options when trying to find the lowest priced Ford Mustang insurance. They can either spend hours driving around to compare prices or leverage the internet to get rate quotes. There are more efficient ways to find insurance coverage online and you need to know the absolute fastest way to compare rates for a Ford and get the lowest price from both online companies and local agents.

Which Insurance Coverage is Cheapest?

There are several ways to shop for Ford Mustang insurance coverage, but some are less time-consuming than others. You can waste hours driving to agents in your area, or you can utilize the internet to get rates in a matter of minutes.

Most of the best insurance companies enroll in a system where prospective buyers enter their coverage request one time, and each company returns a rated price determined by their information. This eliminates the need for quote requests to each company. To find out how much you can save on insurance coverage click here (opens in new window).

The one disadvantage to pricing coverage this way is you don’t know exactly which companies you will receive quotes from. So if you want to select from a list of companies to receive pricing from, we put together a list of low cost insurance coverage companies in your area. Click here to view list.

However you get your quotes, ensure you’re using exactly the same coverage limits with every price quote. If you use mixed coverages it will be impossible to make a fair comparison for your Ford Mustang.

Are you getting all your discounts?

Companies that sell car insurance don’t always list every discount very well, so the following is a list of some of the more common as well as the least known savings tricks you should be using. If you don’t get every credit possible, you are throwing money away.

  • Save with a New Car – Adding a new car to your policy is cheaper due to better safety requirements for new cars.
  • Good Student Discount – A discount for being a good student can be rewarded with saving of up to 25%. The good student discount can last well after school through age 25.
  • Discounts for Safe Drivers – Insureds without accidents may receive a discount up to 45% less for Mustang coverage than their less cautious counterparts.
  • Accident Free – Drivers who don’t have accidents pay less as compared to bad drivers.
  • Multiple Vehicles – Buying insurance for multiple vehicles with the same company could earn a price break for each car.
  • Own a Home – Owning a home may trigger a insurance coverage policy discount because of the fact that having a home is proof that your finances are in order.
  • Seat Belts Save – Drivers who require all occupants to use a seat belt can save up to 15% off your PIP or medical payments premium.
  • Safety Course Discount – Taking part in a defensive driving course can save you 5% or more if you qualify.

As a disclaimer on discounts, most credits do not apply to the entire cost. Some only reduce specific coverage prices like comp or med pay. So when it seems like it’s possible to get free car insurance, companies wouldn’t make money that way.

Companies that may have some of the above discounts may include but are not limited to:

It’s a good idea to ask every prospective company what discounts are available to you. All car insurance discounts may not be available everywhere.

When might I need an agent?

When it comes to buying adequate coverage for your personal vehicles, there really is not a one size fits all plan. Everyone’s situation is a little different.

For example, these questions might help in determining whether or not you might need professional guidance.

  • Is my 2011 Ford Mustang covered for smoke damage?
  • Do I need special endorsements for business use of my vehicle?
  • Will my rates increase for filing one claim?
  • Does my 2011 Ford Mustang need full coverage?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Who is covered by my policy?
  • How can I get my company to pay me more for my totalled car?

If you can’t answer these questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It is quick, free and you can get the answers you need.

Ford Mustang rates are complex

It’s important that you understand the different types of things that come into play when calculating the price you pay for car insurance. Knowing what impacts premium levels enables informed choices that will entitle you to better car insurance rates.

The list below includes a few of the “ingredients” car insurance companies consider when setting prices.

  • Do you qualify for a multi-policy discount? – Many car insurance companies will give a discount to people who have multiple policies with them, otherwise known as a multi-policy discount. Even though this discount sounds good, you still need to comparison shop to confirm you are receiving the best rates possible.
  • Optional equipment can affect rates – Owning a car with a theft deterrent system can help bring down rates. Anti-theft features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent your vehicle from being stolen.
  • Liability insurance protects assets – Liability insurance is the protection when you are found liable for damages caused by your negligence. Liability insurance provides for a legal defense starting from day one. Liability insurance is quite affordable compared to physical damage coverage, so drivers should carry high limits.
  • Rural vs Urban Areas – Choosing to live in less populated areas can be a good thing when insuring your vehicles. Fewer drivers means fewer accidents as well as less vandalism and auto theft. Drivers in populated areas regularly have much more traffic to deal with and a longer drive to work. Higher commute times means higher likelihood of an accident.
  • Safe vehicles cost less to insure – Safer cars are cheaper to insure. Safe vehicles protect occupants better and fewer injuries translates into fewer and smaller insurance claims and more competitive rates for policyholders. If the Ford Mustang earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
  • Where do you drive? – The more miles you rack up on your Ford every year the higher your rates will be. Most companies apply a rate based upon how you use the vehicle. Autos not used for work or commuting qualify for better rates compared to those used for work or business. Improper usage on your Mustang can cost quite a bit. Ask your agent if your car insurance policy shows how each vehicle is driven.
  • Being married is a good thing – Getting married can actually save you money on car insurance. Marriage means you’re more mature and statistics show being married results in fewer claims.
  • How your age affects price – Older drivers are more responsible, file fewer claims and tend to be better behind the wheel. Young drivers tend to get distracted easily behind the wheel therefore car insurance rates are much higher.

How can 21st Century, Allstate and State Farm save drivers who switch?

Consumers get pounded daily by advertisements for car insurance savings by 21st Century, Allstate and State Farm. All the ads have a common claim about savings if you switch to their company.

How do they all make the same claim? It’s all in the numbers.

Insurance companies are able to cherry pick for the driver that is profitable for them. For example, a desirable insured could be over the age of 50, is a homeowner, and has a short commute. Any new insured who matches those parameters will get the preferred rates and as a result will probably save quite a bit of money when switching.

Potential customers who fall outside these standards will be quoted higher premiums and ends up with the driver buying from a lower-cost company. The ad wording is “customers who switch” but not “drivers who get quotes” save that much. This is how companies can truthfully claim big savings. This emphasizes why you absolutely need to compare as many rates as you can. Because you never know which insurance companies will have the lowest Ford Mustang insurance rates.

Specific coverages for a Ford Mustang

Understanding the coverages of your insurance policy helps when choosing which coverages you need and the correct deductibles and limits. Insurance terms can be confusing and coverage can change by endorsement.

Comprehensive insurance

This coverage will pay to fix damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like a tree branch falling on your vehicle, rock chips in glass and falling objects. The most your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses like prosthetic devices, X-ray expenses, EMT expenses, funeral costs and doctor visits. They are often utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover you and your occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Coverage for liability

This coverage protects you from damages or injuries you inflict on other people or property by causing an accident. It protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/50 which means $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery.

Liability coverage pays for things such as pain and suffering, funeral expenses, medical services, attorney fees and repair costs for stationary objects. The amount of liability coverage you purchase is up to you, but consider buying as high a limit as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Collision coverage protection

This pays for damage to your Mustang resulting from colliding with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like colliding with a tree, sideswiping another vehicle, damaging your car on a curb, crashing into a building and hitting a parking meter. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to bring the cost down.

Do the work, save more money

We just presented a lot of techniques to get a better price on 2011 Ford Mustang insurance. It’s most important to understand that the more providers you compare, the better your chances of lowering your rates. Drivers may discover the lowest premiums are with a lesser-known regional company.

Discount insurance is attainable on the web as well as from independent agents, and you need to price shop both to have the best chance of lowering rates. Some insurance companies don’t offer online price quotes and these small, regional companies work with independent agents.

When trying to cut insurance costs, it’s a bad idea to sacrifice coverage to reduce premiums. In too many instances, someone sacrificed physical damage coverage and found out when filing a claim that it was a big error on their part. The proper strategy is to get the best coverage possible at an affordable rate.

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