2006 Ford Mustang Insurance Quotes – 6 Tips for Best Rates

Are you a victim of an underperforming, overpriced car insurance policy? Trust us when we tell you there are many people just like you. Companies like GEICO and Progressive persitently shower you with TV and radio ads and it can be hard to ignore the flashy ads and effectively compare rates to find the best deal.

Consumers need to shop coverage around occasionally because rates go up and down regularly. Just because you had the lowest rates on Mustang insurance last year you will most likely find a better rate today. Starting now, ignore everything you know about car insurance because we’re going to show you the proper way to save money, get proper coverage and the best rates.

If you have a policy now or are shopping for new coverage, you can follow these tips to cut your premiums while maximizing coverage. Buying car insurance is not rocket science. Drivers only need to know the proper way to get comparison rates over the internet.

The fastest way that we advise to compare policy rates is to know the trick most of the bigger providers actually pay money for the chance to compare rate quotes. All you need to do is take a few minutes to give details such as which vehicles you own, driver ages, coverage limits, and if you went to college. The data gets transmitted to insurance companies and you should receive rate quotes instantly to find the best rate.

Save money by taking advantage of these six discounts

Insurance can be prohibitively expensive, but you may find discounts to help bring down the price. A few discounts will automatically apply at the time you complete a quote, but lesser-known reductions have to be asked about prior to getting the savings. If you aren’t receiving every discount you qualify for, you are paying more than you should be.

  • College Student – Any of your kids living away from home attending college without a vehicle on campus can receive lower rates.
  • Low Mileage – Fewer annual miles on your Ford could qualify for better rates on cars that stay parked.
  • Government Employees – Employees or retirees of the government could cut as much as 10% off on Mustang insurance with a few auto insurance companies.
  • Sign Online – A handful of insurance companies will discount your bill up to fifty bucks just for signing your application over the internet.
  • Passive Restraint Discount – Vehicles with factory air bags and/or automatic seat belt systems can qualify for discounts of up to 25% or more.
  • Sign Early and Save – Select companies give a discount for switching to them before your current expiration date. It can save you around 10%.

A little note about advertised discounts, most credits do not apply to the entire policy premium. Most only reduce individual premiums such as comp or med pay. Just because it seems like all those discounts means the company will pay you, it doesn’t quite work that way. But any discount will reduce the cost of coverage.

Car insurance companies that may have these discounts may include but are not limited to:

Check with each insurance company how you can save money. Savings may not apply everywhere.

When should I use an insurance agent?

When it comes to choosing coverage, there really is no perfect coverage plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. For instance, these questions could help you determine whether your personal situation would benefit from an agent’s advice.

  • How high should my medical payments coverage be?
  • Do I need added coverage for expensive stereo equipment?
  • Should I buy only the required minimum liability coverage?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Am I covered when driving on a suspended license?
  • Does coverage extend to my business vehicle?
  • How do I insure my teen driver?
  • Do I need higher collision deductibles?

If you don’t know the answers to these questions, then you may want to think about talking to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and may give you better protection.

Auto insurance coverage options for a Ford Mustang

Having a good grasp of auto insurance helps when choosing appropriate coverage and the correct deductibles and limits. Auto insurance terms can be difficult to understand and coverage can change by endorsement. Shown next are typical coverage types found on most auto insurance policies.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage gives you protection when other motorists do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Ford Mustang.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time these coverages are set the same as your liablity limits.

Comprehensive (Other than Collision)

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. 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 falling objects, hail damage, rock chips in glass and hitting a bird. The highest amount your auto insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Liability auto insurance

Liability insurance can cover damage that occurs to other people or property in an accident. It protects YOU against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 100/300/100 which means a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Some companies may use a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers things like repair bills for other people’s vehicles, pain and suffering and loss of income. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible.

Collision coverage

This will pay to fix damage to your Mustang resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against things such as sustaining damage from a pot hole, hitting a mailbox, rolling your car and colliding with a tree. This coverage can be expensive, so consider removing coverage from lower value vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for rehabilitation expenses, EMT expenses, chiropractic care, doctor visits and funeral costs. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Shop Smart and Save

We just showed you a lot of tips how to shop for 2006 Ford Mustang insurance online. The key thing to remember is the more price quotes you have, the better your comparison will be. You may be surprised to find that the best price on car insurance is with a small mutual company. These companies may only write in your state and offer lower rates than their larger competitors like State Farm, GEICO and Nationwide.

The cheapest insurance is possible both online and with local insurance agents, and you need to comparison shop both so you have a total pricing picture. Some insurance companies do not offer you the ability to get quotes online and usually these small insurance companies provide coverage only through local independent agents.

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