View 2016 Ford Mustang Car Insurance Cost

Looking for cheaper insurance rates for your Ford Mustang? No one looks forward to buying insurance, in particular when the price is too high. Many auto insurance companies vie for your insurance dollar, and it can be difficult to compare rates and get the best coverage at the lowest rate possible.

You should take the time to price shop coverage every six months since rates fluctuate regularly. Even if you think you had the lowest rates on Mustang coverage on your last policy other companies may now be cheaper. Ignore everything you know about insurance because we’re going to demonstrate the only way to find better coverage at a better price.

If you are insured now or need a new policy, you will benefit by learning to reduce the price you pay while maximizing coverage. Buying car insurance is quite easy. Vehicle owners just need to understand the most efficient way to shop over the internet.

These factors can influence what you pay for Ford Mustang insurance

It’s important that you understand the factors that come into play when calculating auto insurance rates. Having a good understanding of what controls the rates you pay enables informed choices that may reward you with better auto insurance rates.

  • Consolidate policies to earn discounts – Some auto insurance companies will award you with lower prices to people who buy several policies from them, otherwise known as a multi-policy discount. Even though this discount sounds good, you still need to compare rates to ensure the best deal.
  • Do you work long hours in a high stress job? – Did you know your occupation can influence how much you pay for auto insurance? Occupations like judges, social workers and financial analysts tend to pay higher average rates due to job stress and lengthy work days. Conversely, occupations such as actors, engineers and performers have the lowest average rates on Mustang coverage.
  • With age comes lower rates – Youthful drivers are statistically proven to be less responsible when behind the wheel so they pay higher auto insurance rates. Older insureds tend to be more responsible, file fewer claims and receive fewer citations.
  • Rural vs Urban Areas – Living in less populated areas has it’s advantages when insuring your vehicles. Fewer people means a lower chance of having an accident and also fewer theft and vandalism claims. Urban drivers regularly have congested traffic and much longer commute distances. Higher commute times means higher likelihood of an accident.
  • Better credit means lower rates – A driver’s credit rating is a big factor in your rate calculation. People with excellent credit tend to be more responsible than drivers with lower ratings. Therefore, if your credit history can use some improvement, you could save money insuring your 2016 Ford Mustang by spending a little time repairing your credit.
  • Increase deductibles and save – The deductibles define the amount you are required to spend out-of-pocket before your auto insurance pays a claim. Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. A few examples of covered claims are running into the backend of another car, vandalism, and rolling your vehicle. The more expense you have to pay, the less your auto insurance will be on Mustang coverage.

Where Can I Get Cheap Auto Insurance?

Getting a cheaper price on 2016 Ford Mustang insurance is a fairly straight forward process. Just invest a little time comparing rates online with multiple companies. This can be done in a couple of different ways.

  1. Probably the best way to compare a lot of rates at once is a comparison rater form click to view form in new window. This form prevents you from having to do boring form submissions for every auto insurance company. In just a few minutes this one form compares rates from multiple companies.
  2. Another way to find lower rates requires you to visit the website for every company you want to comare and fill out their own quote form. For examples sake, we’ll pretend you want comparison quotes from Nationwide, Farmers and Liberty Mutual. To get each rate you have to take the time to go to each site and enter your policy data, which is why most consumers use the first method. For a list of links to companies insuring cars in your area, click here.

It’s up to you how you get prices quotes, just ensure you’re using exactly the same coverages on every quote you get. If the quotes have higher or lower deductibles it will be impossible to truly determine the lowest rate.

Discounts are available to cut your rates

The price of auto insurance can be rather high, but there are discounts available to cut the cost considerably. Certain discounts will be applied at the time of quoting, but a few must be asked for before you will receive the discount. If they aren’t giving you every credit you deserve, you are paying more than you should be.

  • Federal Employees – Active or retired federal employment can earn a discount up to 10% on Mustang coverage with certain companies.
  • Early Switch Discount – Some companies give discounts for switching policies before your current policy expires. It’s a savings of about 10%.
  • Safe Driver Discount – Insureds without accidents can get discounts for up to 45% lower rates on Mustang coverage than drivers with accidents.
  • Senior Discount – If you qualify as a senior citizen, you may qualify for a discount up to 10% on Mustang coverage.
  • Multiple Policy Discount – If you insure your home and vehicles with the same insurance company you could get a discount of approximately 10% to 15%.
  • Seat Belts Save – Buckling up and requiring all passengers to use a seat belt can save 10% or more off the personal injury premium cost.
  • Multiple Cars – Insuring all your vehicles on the same insurance policy qualifies for this discount.

It’s important to understand that some credits don’t apply to all coverage premiums. Most only cut specific coverage prices like liability, collision or medical payments. So despite the fact that it appears you can get free auto insurance, companies don’t profit that way. Any amount of discount will cut your overall premium however.

For a list of providers with discount insurance rates, follow this link.

Everyone needs different coverages

When choosing proper insurance coverage, there really is not a one size fits all plan. Every insured’s situation is different so your insurance needs to address that. Here are some questions about coverages that can help discover if your insurance needs will benefit from professional help.

  • When should I drop full coverage on my 2016 Ford Mustang?
  • Does insurance cover tools stolen from my truck?
  • How do I buy GAP insurance?
  • Do I have coverage for damage caused while driving under the influence?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Is my teenager covered with friends in the car?
  • Do I need replacement cost coverage?
  • What is an SR-22 filing?
  • Am I covered when driving in Canada or Mexico?
  • Do I need motorclub coverage?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier It’s fast, free and may give you better protection.

Parts of your insurance policy

Understanding the coverages of a insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Listed below are the normal coverages available from insurance companies.

Uninsured or underinsured coverage

This coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Normally the UM/UIM limits are identical to your policy’s liability coverage.

Medical expense coverage

Med pay and PIP coverage pay for immediate expenses for things like nursing services, pain medications and surgery. They are often used to fill the gap from your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Liability

Liability coverage will cover damages or injuries you inflict on other people or property. It protects YOU against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 50/100/50 which means a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Some companies may use one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers things such as loss of income, structural damage, medical services, bail bonds and medical expenses. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive protection

Comprehensive insurance covers damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as damage from flooding, falling objects, damage from a tornado or hurricane, vandalism and damage from getting keyed. The maximum amount your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Auto collision coverage

Collision insurance will pay to fix damage to your Mustang caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like damaging your car on a curb, crashing into a building and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. You can also raise the deductible in order to get cheaper collision rates.

Better coverage you can count on

When buying insurance coverage, don’t be tempted to reduce coverage to reduce premium. There have been many cases where an insured dropped liability coverage limits only to discover later that saving that couple of dollars actually costed them tens of thousands. The aim is to get the best coverage possible for the lowest price while still protecting your assets.

We just showed you many tips how you can reduce 2016 Ford Mustang insurance prices online. It’s most important to understand that the more price quotes you have, the higher the chance of saving money. Drivers may discover the lowest premiums are with a lesser-known regional company. Smaller companies often have lower prices on specific markets as compared to the big name companies such as Progressive and GEICO.

More detailed auto insurance information is located by following these links: