Cheaper 1997 Ford Mustang Car Insurance Rates

People not familiar with price shopping insurance online might discover finding cheap car insurance very challenging.

You need to compare prices at least once a year since insurance rates change frequently. Despite the fact that you may have had the lowest rates for Mustang coverage a few years ago you may be paying too much now. There is a lot of bad advice regarding car insurance online but I’m going to show you some good information on how to find affordable car insurance.

Cheap Car Insurance Comparisons

There are multiple methods to compare 1997 Ford Mustang car insurance quotes, and some are more efficient than others. You could waste a few hours driving to local insurance agents in your area, or you can stay home and use the web to get rate comparisons in just a few minutes.

Most of the larger companies take part in a program that allows shoppers to complete one form, and at least one company can provide price quotes determined by their information. This saves time by eliminating repetitive form submissions to every company.

To participate in this free quote system, click to open in new window.

The one disadvantage to using this type of form is buyers cannot specifically choose which insurance companies you want pricing from. So if you prefer to choose individual companies to compare prices, we put together a list of companies who write car insurance in your area. Click here for list of insurance companies.

It’s up to you how you get prices quotes, just ensure you are comparing exactly the same coverages with every price quote. If you use differing limits it’s impossible to find the best deal for your Ford Mustang. Just a small difference in coverage limits can make a big difference in price. And when price shopping your coverage, comparing a large number of companies helps locate a lower rate.

Cut prices on Ford Mustang insurance

Companies offering auto insurance don’t always advertise all available discounts very well, so we took the time to find both well-publicized and the harder-to-find discounts you could be receiving.

  • Multiple Policy Discount – When you combine your home and auto insurance with one company you may earn at least 10% off all policies.
  • Own a Home – Being a homeowner may earn you a small savings because maintaining a house is proof that your finances are in order.
  • Seat Belts Save – Using a seat belt and requiring all passengers to use a seat belt can save up to 15% off your medical payments premium.
  • Paperwork-free – Some insurance companies give back up to $50 for buying a policy and signing up on their website.
  • Drive Safe and Save – Insureds without accidents can pay as much as 50% less for Mustang coverage than drivers with accidents.
  • Senior Discount – If you’re over the age of 55, you may receive a discount up to 10% for Mustang coverage.

It’s important to note that some credits don’t apply to the entire policy premium. Most only cut individual premiums such as collision or personal injury protection. Just because you may think all the discounts add up to a free policy, it just doesn’t work that way.

For a list of insurance companies with discount auto insurance rates, click this link.

Ford Mustang insurance rates consist of many parts

An important part of buying insurance is that you know the factors that play a part in calculating the price you pay for auto insurance. Understanding what controls the rates you pay helps enable you to make changes that can help you get lower auto insurance prices.

Shown below are some of the factors that factor into your rates.

  • Your age impacts your rates – Older insureds tend to be more responsible, tend to cause fewer accidents and are safer drivers. Young drivers tend to be less responsible when behind the wheel therefore auto insurance rates are much higher.
  • Liability coverage is cheap – Liability insurance provides coverage if ever a jury decides you are liable for personal injury or accident damage. It will provide legal defense which can cost thousands of dollars. This coverage is very inexpensive compared to physical damage coverage, so drivers should carry high limits.
  • One company can mean more discounts – Some auto insurance companies will award you with lower prices to customers who consolidate policies with them in the form of a multi-policy discount. If you currently are using one company, you still need to compare rates to make sure you are getting the best deal. Drivers may still find a better deal by buying auto insurance from a different company.
  • Sex matters – The statistics show that men are more aggressive behind the wheel. Now that doesn’t mean women are BETTER drivers than men. Women and men cause accidents at a similar rate, but the men tend to have more serious accidents. Men also statistically get more serious tickets like reckless driving and DUI.
  • The more you drive the more you pay – The more miles you rack up on your Ford in a year’s time the more you’ll pay to insure your vehicle. Most companies rate vehicles based on how the vehicle is used. Autos not used for work or commuting receive lower rates than vehicles that are driven to work every day. Ask your agent if your auto insurance policy is showing how each vehicle is driven, because improper ratings can cost you money. Incorrect usage on your Mustang may be wasting your money.
  • Optional equipment can affect rates – Purchasing a vehicle with anti-theft technology or alarm system can help bring down rates. Anti-theft features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping car theft.
  • Never allow your policy to lapse – Driving your car without having proper coverage is against the law and you will pay a penalty because you let your coverage lapse. And not only will your rates increase, getting caught without coverage can result in a license revocation or jail time.

Tailor your coverage to you

When it comes to choosing the best insurance coverage coverage, there is no “perfect” insurance plan. Your needs are not the same as everyone else’s.

For instance, these questions can help discover if you would benefit from professional advice.

  • What is the rate difference between pleasure use and commuting?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Does my insurance cover my expensive audio equipment?
  • Where can I find DUI or SR-22 insurance?
  • Will I lose any money if I cancel my policy before it expires?
  • Does my 1997 Ford Mustang qualify for pleasure use?
  • Do I have any recourse if my insurance company denies a claim?
  • Why am I be forced to buy a membership to get insurance from some companies?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, complete this form.

Slick advertising tricks that work

Auto insurance companies such as Allstate, GEICO and Progressive continually stream ads on television and other media. They all seem to say the same thing of big savings after switching your policy. But how can every company claim to save you money?

All companies are able to cherry pick for the type of driver that is profitable for them. For example, a preferred risk might be a mature driver, insures multiple vehicles, and has a short commute. A driver who fits that profile receives the best rates and is almost guaranteed to save quite a bit of money when switching.

Consumers who do not match the “perfect” profile will be charged higher premiums and this can result in the driver buying from a lower-cost company. The ads state “people who switch” not “everybody who quotes” save that kind of money. That is how companies can advertise the way they do. That is why you need to get as many comparisons as possible. It is impossible to predict the company that will fit your personal profile best.

Insurance coverage specifics

Learning about specific coverages of your policy can help you determine the best coverages for your vehicles. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.

Liability coverage

Liability insurance protects you from damage that occurs to other’s property or people in an accident. It protects you against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 25/50/25 that means you have a limit of $25,000 per injured person, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability can pay for things like funeral expenses, legal defense fees and attorney fees. The amount of liability coverage you purchase is your choice, but buy as large an amount as possible.

Collision coverage

This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as driving through your garage door, sustaining damage from a pot hole, scraping a guard rail and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. You can also raise the deductible to save money on collision insurance.

Comprehensive coverages

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as vandalism, damage from flooding, hitting a deer, a broken windshield and rock chips in glass. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection when other motorists do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your Ford Mustang.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.

Coverage for medical payments

Med pay and PIP coverage kick in for bills like dental work, hospital visits, chiropractic care, funeral costs and EMT expenses. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is only offered in select states and may carry a deductible

Be a Smart Shopper

Discount 1997 Ford Mustang insurance is definitely available both online and with local insurance agents, and you should be comparing both so you have a total pricing picture. A few companies do not offer online price quotes and many times these small insurance companies only sell through independent insurance agents.

We just covered many ways to compare insurance prices online. The most important thing to understand is the more quotes you get, the better chance you’ll have of finding lower rates. Consumers could even find that the lowest rates come from a smaller regional carrier.

As you restructure your insurance plan, it’s a bad idea to skimp on coverage in order to save money. There have been many situations where an insured dropped physical damage coverage and found out when filing a claim that the few dollars in savings costed them thousands. The ultimate goal is to buy enough coverage at a price you can afford, not the least amount of coverage.

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