2011 Ford Mustang Car Insurance Rates – 6 Ideas for Cheaper Quotes

Have you fallen victim to an underperforming, overpriced auto insurance policy? Trust us when we tell you you’re not alone. Insurance companies such as GEICO, Farmers Insurance and State Farm constantly blast consumers with TV and radio ads and it is difficult to see past the corporate glitz and effectively compare rates to find the best deal.

You should make it a habit to do rate comparisons periodically since rates fluctuate regularly. Even if you got the lowest rates for Mustang insurance a few years ago other companies may now be cheaper. Block out anything you think you know about auto insurance because you’re about to find out the fastest way to eliminate unnecessary coverages and save money.

If you have insurance now or are looking for a new policy, you can learn to find better prices and still get good coverage. Finding affordable coverage is easy if you know what you’re doing. Vehicle owners just need to learn the best way to shop on the web.

The quickest way to get rate comparisons is to know the fact most of the larger companies provide online access to give free rates quotes. The only thing you need to do is give them some information including if the vehicle is leased, how many miles driven, if you require a SR-22, and what you do for a living. Those rating factors gets sent immediately to multiple top-rated companies and you will get price comparisons instantly.

Discounts are available to cut your rates

Car insurance can cost a lot, but there are discounts available to cut the cost considerably. Some discounts apply automatically when you quote, but a few must be requested specifically in order for you to get them. If you’re not getting every credit you qualify for, you’re paying more than you need to.

  • No Claims – Drivers who don’t have accidents can save substantially as compared to frequent claim filers.
  • College Student – Any of your kids who are attending college and do not have a car may qualify for this discount.
  • Multi-car Discount – Insuring more than one vehicle on the same car insurance policy qualifies for this discount.
  • No Charge for an Accident – Certain companies will forgive one accident without raising rates if you are claim-free prior to the accident.
  • Federal Government Employee – Employees or retirees of the government can earn a discount up to 10% for Mustang insurance with select insurance companies.
  • Senior Citizens – If you qualify as a senior citizen, you may receive better car insurance rates for Mustang insurance.

It’s important to understand that most of the big mark downs will not be given to your bottom line cost. Most only reduce individual premiums such as comp or med pay. So when it seems like you would end up receiving a 100% discount, it doesn’t quite work that way. But any discount will cut your overall premium however.

To see a list of insurers with the best car insurance discounts, follow this link.

Everyone needs different coverages

When choosing coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Each situation is unique so your insurance needs to address that. For example, these questions can help discover if your situation could use an agent’s help.

  • Should I bundle my homeowners policy with my auto?
  • How can I get high-risk coverage after a DUI?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • When can my company non-renew my policy?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Do I need special endorsements for business use of my vehicle?
  • Does medical payments coverage apply to all occupants?

If you can’t answer these questions but you know they apply to you, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and you can get the answers you need.

Specific coverage details

Learning about specific coverages of a insurance policy can help you determine the right coverages for your vehicles. Insurance terms can be ambiguous and reading a policy is terribly boring. Below you’ll find the usual coverages found on most insurance policies.

Collision insurance

This coverage pays for damage to your Mustang from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision can pay for claims such as scraping a guard rail, backing into a parked car, colliding with a tree, colliding with another moving vehicle and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It’s also possible to increase the deductible to get cheaper collision coverage.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your 2011 Ford Mustang.

Because many people have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Coverage for medical payments

Coverage for medical payments and/or PIP kick in for short-term medical expenses such as dental work, X-ray expenses and prosthetic devices. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive coverages

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as hitting a deer, theft and damage from flooding. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability

This will cover damages or injuries you inflict on other’s property or people 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. Your policy might show liability limits of 100/300/100 which means a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for things such as structural damage, emergency aid and bail bonds. The amount of liability coverage you purchase is up to you, but you should buy higher limits if possible.

Summing up your car insurance search

We just showed you a lot of information how to compare 2011 Ford Mustang insurance prices online. The key thing to remember is the more companies you get rates for, the better likelihood of reducing your rate. You may even discover the most savings is with a smaller regional carrier. Smaller companies may often insure only within specific states and give getter rates than the large multi-state companies such as Allstate and Progressive.

The cheapest insurance is available both online and with local insurance agents, so compare prices from both to have the best selection. Some insurance providers do not offer online quoting and most of the time these small insurance companies sell through independent agents.

As you restructure your insurance plan, it’s not a good idea to buy less coverage just to save a little money. In many cases, someone dropped liability limits or collision coverage only to regret at claim time that the savings was not a smart move. Your strategy should be to buy the best coverage you can find at a price you can afford while not skimping on critical coverages.

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