2016 Ford Mustang Car Insurance Quotes – 7 Policy Discounts

Consumers have lots of choices when looking for the best price on Ford Mustang insurance. They can either waste time driving around to compare prices or save time using the internet to compare rates.

There is a right way and a wrong way to compare car insurance rates so you’re going to learn the absolute fastest way to price shop coverage on a Ford and locate the best price possible.

Take advantage of discounts

The cost of insuring your cars can be expensive, but discounts can save money and there are some available that many people don’t even know exist. A few discounts will automatically apply at the time you complete a quote, but some must be specifically requested before being credited. If you’re not getting every credit available, you’re paying more than you need to.

  • E-sign – Certain companies give back up to $50 for buying your policy over the internet.
  • Anti-theft System – Cars that have factory anti-theft systems help deter theft and will save you 10% or more.
  • Passive Restraints – Vehicles equipped with air bags or motorized seat belts can receive discounts of more than 20%.
  • Driver’s Ed – Have your child take driver’s ed class if offered at their school.
  • Club Memberships – Participating in a civic or occupational organization could qualify you for a break when shopping for car insurance for Mustang coverage.
  • Discount for Good Grades – This discount can be rewarded with saving of up to 25%. This discount can apply up to age 25.
  • Auto/Life Discount – Larger companies have better rates if you take out a life insurance policy as well.

As a disclaimer on discounts, many deductions do not apply to the entire cost. Most only reduce the cost of specific coverages such as comp or med pay. So when the math indicates you would end up receiving a 100% discount, companies wouldn’t make money that way. But all discounts will cut the cost of coverage.

To see a list of insurance companies who offer car insurance discounts, click here to view.

How to know if you need help

When it comes to choosing the right insurance coverage, there really is not a cookie cutter policy. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that might help in determining whether you would benefit from an agent’s advice.

  • What are the financial responsibility laws in my state?
  • Should I drop comprehensive coverage on older vehicles?
  • Do I pay less for low miles?
  • Why am I required to buy liability insurance?
  • What discounts do I qualify for?
  • Am I covered if I crash into my own garage door?
  • What is the rate difference between pleasure use and commuting?
  • Does my liability insurance cover pulling a trailer or camper?
  • Are my friends covered when driving my car?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find an agent in your area, fill out this quick form. It only takes a few minutes and can help protect your family.

Insurance coverage considerations

Understanding the coverages of a insurance policy aids in choosing the best coverages for your vehicles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.

Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage pay for bills for prosthetic devices, pain medications and dental work. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is only offered in select states and may carry a deductible

Comprehensive insurance – This will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as damage from flooding, theft, a broken windshield, hitting a bird and vandalism. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Coverage for uninsured or underinsured drivers – Your UM/UIM coverage provides protection from other motorists when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as damage to your Ford Mustang.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Most of the time these limits are set the same as your liablity limits.

Collision – Collision coverage pays for damage to your Mustang 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 insurance covers things like backing into a parked car, hitting a parking meter, driving through your garage door, hitting a mailbox and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from older vehicles. You can also choose a higher deductible to save money on collision insurance.

Liability – This coverage will cover damage that occurs to other people or property by causing an accident. It protects YOU from claims by 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 values of 100/300/100 that means you have a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Some companies may use one number which is a combined single limit which provides one coverage limit rather than limiting it on a per person basis.

Liability insurance covers things like loss of income, pain and suffering, medical expenses and court costs. How much liability coverage do you need? That is your choice, but buy higher limits if possible.

More choices the merrier

We’ve covered some good ideas how you can lower your 2016 Ford Mustang insurance rates. The key concept to understand is the more you quote, the higher the chance of saving money. Drivers may discover the best price on insurance coverage is with a small local company.

Lower-priced insurance can be found online in addition to many insurance agents, and you need to price shop both in order to have the best chance of saving money. A few companies do not provide online quoting and usually these small insurance companies provide coverage only through local independent agents.

Drivers switch companies for a variety of reasons including poor customer service, not issuing a premium refund, questionable increases in premium and extreme rates for teen drivers. It doesn’t matter what your reason, finding the right insurance coverage provider is not as hard as you think.

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