1995 Ford Mustang Car Insurance Quotes – 9 Discounts for Cheapest Rates

Consumers fed up with high insurance rates and are new to comparing insurance rates online may discover purchasing affordable insurance coverage is harder than it should be.

It’s important to get comparison quotes at least once a year because car insurance prices fluctuate regularly. Just because you found the best price on Mustang coverage last year there may be better deals available now. Block out anything you think you know about car insurance because we’re going to demonstrate the things you must know in order to save money, get proper deductibles and limits, all at the lowest rate.

Save a ton with these nine discounts

Insurance is neither fun to buy or cheap, but you might already qualify for some discounts that many people don’t even know exist. Some discounts apply automatically when you complete an application, but occassionally some discounts must be inquired about before being credited.

  • Passive Restraint Discount – Cars that have air bags or motorized seat belts may qualify for discounts up to 30%.
  • Clubs and Organizations – Being a member of specific professional or occupational memberships or organizations is a good way to get lower rates on your bill.
  • Seat Belts Save – Drivers who always wear seat belts and also require passengers to buckle up could cut 10% or more on the premium charged for medical payments and/or PIP.
  • Braking Control Discount – Cars and trucks that have anti-lock braking systems can avoid accidents and earn discounts up to 10%.
  • Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a lower rate if you buy a life insurance policy as well.
  • Discounts for Government Workers – Federal government employees could cut as much as 10% off on Mustang coverage depending on your insurance provider.
  • Multiple Cars – Insuring multiple cars on the same insurance policy can get a discount for every vehicle.
  • Distant Student – Older children who are attending college and do not have a car may be insured at a cheaper rate.
  • Defensive Driver Discounts – Taking time to complete a defensive driver class could cut 5% off your bill and also improve your driving technique.

We need to note that most discount credits are not given the the whole policy. A few only apply to the cost of specific coverages such as medical payments or collision. So even though you would think all those discounts means the company will pay you, it doesn’t quite work that way. But all discounts will definitely reduce the amount you pay for coverage.

A few of the larger companies and some of the premium reductions they offer can be found below.

  • Mercury Insurance has discounts for type of vehicle, annual mileage, location of vehicle, anti-theft, multi-policy, low natural disaster claims, and ease of repair.
  • Farmers Insurance discounts include teen driver, homeowner, bundle discounts, multi-car, youthful driver, alternative fuel, and mature driver.
  • Farm Bureau may have discounts that include 55 and retired, driver training, multi-vehicle, safe driver, and good student.
  • State Farm offers discounts for Drive Safe & Save, good driver, good student, driver’s education, and multiple policy.
  • Allstate includes discounts for passive restraint, premier plus, EZ pay plan discount, economy car, senior citizen, and anti-lock brakes.
  • GEICO may offer discounts for multi-vehicle, defensive driver, multi-policy, anti-lock brakes, and federal employee.

Double check with all the companies which discounts you qualify for. Some discounts may not apply to policies in your state. To see a list of providers that offer the discounts shown above, click here to view.

How much is auto insurance?

Shopping for lower auto insurance rates can be exhausting if you aren’t aware of the best way to get rate quotes. You could waste time driving to agents in your area, or you could use the web to get pricing more quickly.

Many insurance companies participate in an industry program that enables customers to submit one quote, and at least one company can provide price quotes. This system prevents you from having to do form submissions for each company you want a rate for. To compare pricing click here to open in new window.

The one disadvantage to using this type of system is you don’t know exactly the providers you will receive quotes from. If you prefer to choose individual companies to receive pricing from, we have a listing of companies who write auto insurance in your area. Click here for list of insurance companies.

However you get your quotes, be certain you are entering apples-to-apples coverage limits for each quote you get. If you are comparing mixed coverages it’s impossible to decipher which rate is best. Even a minor difference in insurance coverages or limits can mean a large discrepancy in price. It’s important to know that getting more free quotes will improve the odds of getting a lower rate.

What is the best insurance coverage coverage?

When it comes to choosing proper insurance coverage for your vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is unique.

These are some specific questions might help in determining whether or not you would benefit from an agent’s advice.

  • Do I have coverage when pulling a U-Haul trailer?
  • Does my policy cover my teen driver if they drive my company car?
  • Do I have coverage when making deliveries for my home business?
  • Is my Ford Mustang covered if I use it for business?
  • Am I better off with higher deductibles on my 1995 Ford Mustang?
  • What discounts do I qualify for?
  • Will I lose any money if I cancel my policy before it expires?
  • Do I have any recourse if my insurance company denies a claim?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, complete this form.

Educate yourself about car insurance coverages

Knowing the specifics of your car insurance policy helps when choosing appropriate coverage for your vehicles. Car insurance terms can be confusing and nobody wants to actually read their policy.

Collision coverages – Collision insurance will pay to fix damage to your Mustang resulting from a collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as crashing into a building, backing into a parked car, driving through your garage door, scraping a guard rail and rolling your car. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to save money on collision insurance.

Liability coverages – This coverage protects you from damage that occurs to a person or their property by causing an accident. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability coverage protects against claims such as loss of income, structural damage, pain and suffering, bail bonds and funeral expenses. How much liability should you purchase? That is a decision to put some thought into, but you should buy as much as you can afford.

Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for things like EMT expenses, prosthetic devices and nursing services. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible

Comprehensive car insurance – Comprehensive insurance coverage covers damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for things such as fire damage, hail damage, vandalism and hitting a deer. The most you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Coverage for uninsured or underinsured drivers – This protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your 1995 Ford Mustang.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.

More choices the merrier

You just read quite a bit of information on how to reduce 1995 Ford Mustang insurance rates online. It’s most important to understand that the more rate quotes you have, the better your comparison will be. You may be surprised to find that the most savings is with the least-expected company.

People leave their current company for a number of reasons such as unfair underwriting practices, policy cancellation, being labeled a high risk driver and questionable increases in premium. It doesn’t matter what your reason, finding a new company is not as difficult as it may seem.

Cheap 1995 Ford Mustang insurance can be found from both online companies and from local insurance agents, so you need to quote insurance coverage with both to get a complete price analysis. There are still a few companies who may not have rates over the internet and many times these smaller providers provide coverage only through independent insurance agencies.

More tips and info about auto insurance can be found in these articles: