1993 Ford Mustang SVT Cobra Car Insurance Quotes – 8 Tips for Cheapest Rates

I can’t think of a single person who likes paying for auto insurance, especially when they are aware that their premiums are through the roof. With so many different company options, it is very difficult to find a lower cost insurer.

It is always a good idea to get comparison quotes occasionally because prices fluctuate regularly. Even if you think you had the best deal on Mustang SVT Cobra insurance on your last policy you may be paying too much now. Forget anything you know (or think you know) about auto insurance because I’m going to let you in on the secrets to how to quote online to reduce your cost while improving coverage.

This information will help you learn the best way to quote coverages and some tricks to saving. If you have car insurance now, you will most likely be able to cut costs considerably using these tips. Drivers just need to learn the proper methods to shop online.

Compare free car insurance quotes

There are a lot of ways to compare car insurance quotes, but one way is less labor-intensive and much quicker. You could waste a few hours talking about coverages with insurance agencies in your area, or you can utilize online quoting to get the quickest rates.

Many popular insurance companies participate in a marketplace where insurance shoppers send in one quote, and each participating company returns a competitive quote. This prevents consumers from doing quotation requests for each company.

To fill out one form to compare multiple rates now click here to start a free quote.

The one downside to comparing rates this way is buyers cannot specifically choose which providers you will receive quotes from. So if you want to choose individual companies to compare, we have a listing of companies who write car insurance in your area. Click to view list.

Whichever method you choose, be sure to compare equivalent coverage limits and deductibles for each quote you get. If you compare different data you will not be able to determine the lowest rate for your Ford Mustang SVT Cobra.

Eight discounts to earn cheaper insurance rates

Insurance is not cheap nor is it fun to buy but you may qualify for discounts to help offset the cost. Certain credits will be shown when you purchase, but occassionally some discounts must be specifically requested in order for you to get them.

  • Federal Government Employee – Being employed by or retired from a federal job may reduce rates when you quote insurance coverage on Mustang SVT Cobra insurance but check with your company.
  • Seat Belt Usage – Drivers who require all occupants to fasten their seat belts may be able to save a few bucks on the medical payments or PIP coverage costs.
  • Bundle and Save – When you combine your auto and homeowners insurance and place coverage with the same company you will save up to 20% and get you the cheapest insurance coverage.
  • Save with More Vehicles Insured – Drivers who insure multiple cars or trucks on the same insurance policy can get a discount for every vehicle.
  • Telematics Data Discounts – Drivers that enable their insurance company to spy on where and when they drive by using a telematic data system like In-Drive from State Farm and Progressive’s Snapshot may get a rate reduction if they are good drivers.
  • Defensive Driver Discounts – Passing a safe driver course could earn you a small percentage discount and make you a better driver.
  • Paper-free Discount – A few larger companies will provide an incentive for completing your application digitally online.
  • Low Mileage – Keeping the miles down on your Ford can earn discounted prices on garaged vehicles.

Just know that many deductions do not apply to the entire cost. Most only reduce the price of certain insurance coverages like comp or med pay. Despite the appearance that all the discounts add up to a free policy, nobody gets a free ride.

The best insurance companies and a selection of discounts are included below.

  • GEICO has discounts for daytime running lights, anti-lock brakes, defensive driver, driver training, and air bags.
  • Travelers discounts include IntelliDrive, multi-car, home ownership, good student, continuous insurance, and multi-policy.
  • Farm Bureau has savings for safe driver, youthful driver, renewal discount, 55 and retired, driver training, and good student.
  • Liberty Mutual offers premium reductions for good student, newly retired, newly married, multi-policy, safety features, new move discount, and teen driver discount.
  • American Family may include discounts for TimeAway discount, multi-vehicle, air bags, early bird, good driver, and good student.
  • Progressive includes discounts for online quote discount, continuous coverage, homeowner, multi-vehicle, multi-policy, and online signing.

It’s a good idea to ask all the companies what discounts are available to you. Depending on the company, some discounts may not be available everywhere. To see a list of companies with discount rates, click this link.

Tailor your insurance coverage to you

When choosing the right insurance coverage, there is no “best” method to buy coverage. Everyone’s situation is a little different and a cookie cutter policy won’t apply. Here are some questions about coverages that could help you determine if your insurance needs may require specific advice.

  • What is the difference between comprehensive and collision coverage?
  • Is my camper covered by my car insurance policy?
  • Do I have coverage when using my vehicle for my home business?
  • What is roadside assistance coverage?
  • Why am I required to buy liability insurance?
  • If my pet gets injured in an accident are they covered?
  • Do I need more liability coverage?
  • Does having multiple vehicles earn me a discount?
  • How much can I save by bundling my policies?

If it’s difficult to answer those questions then you might want to talk to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier It’s fast, free and can provide invaluable advice.

Specific coverages for a Ford Mustang SVT Cobra

Learning about specific coverages of your car insurance policy aids in choosing the best coverages for your vehicles. Car insurance terms can be difficult to understand and nobody wants to actually read their policy. Below you’ll find the usual coverages found on most car insurance policies.

Collision coverage

This pays for damage to your Mustang SVT Cobra from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things such as rolling your car, scraping a guard rail, sideswiping another vehicle, colliding with another moving vehicle and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Comprehensive coverage (or Other than Collision)

This will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like a tree branch falling on your vehicle, a broken windshield and damage from a tornado or hurricane. The highest amount a car insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally these limits are set the same as your liablity limits.

Liability coverage

Liability insurance will cover damages or injuries you inflict on other people or property by causing an accident. This coverage protects you against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

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 liability limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage protects against things such as funeral expenses, pain and suffering, loss of income and structural damage. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as much as you can afford.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for rehabilitation expenses, EMT expenses, pain medications and ambulance fees. The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover you and your occupants in addition to being hit by a car walking across the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay

In the end, you save

Some insurance companies may not provide online quoting and usually these smaller providers prefer to sell through independent insurance agencies. Cheaper 1993 Ford Mustang SVT Cobra insurance is possible both online in addition to many insurance agents, and you need to price shop both to have the best chance of lowering rates.

When you buy insurance coverage online, you should never skimp on critical coverages to save a buck or two. In too many instances, someone dropped liability limits or collision coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to purchase a proper amount of coverage at the best price but still have enough coverage for asset protection.

More detailed insurance information can be read at these sites: