1995 Ford Mustang SVT Cobra Insurance Cost - 10 Tricks for Cheaper Prices

Searching for better car insurance rates for your Ford Mustang SVT Cobra? Having to pay for expensive Ford Mustang SVT Cobra insurance can consume your budget and force you to cut corners elsewhere. Big companies like Allstate and Progressive all promote huge savings with advertising and it is challenging if not impossible to separate fact from fiction and do the work needed to find the best deal.

You need to check car insurance prices quite often since insurance prices change frequently. If you had the best deal on Mustang SVT Cobra insurance at your last renewal you can probably find a better rate quote now. There is lot of inaccurate information about car insurance on the internet, but by reading this article, you’re going to learn some proven techniques to put money back in your pocket.

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Get lower rates with these ten discounts

Companies offering auto insurance don’t list every possible discount in a way that’s easy to find, so we break down a few of the more common as well as the least known credits that may apply to you.

Theft Prevention Discount – Cars, trucks, and SUVs optioned with advanced anti-theft systems have a lower chance of being stolen and qualify for as much as a 10% discount.
Homeowners Pay Less – Owning a home can save a few bucks because of the fact that having a home is proof that your finances are in order.
Good Students Pay Less – Getting good grades can save 20 to 25%. Many companies even apply the discount to college students until age 25.
Auto/Home Discount – If you can bundle your auto and homeowners insurance with the same company you could get a discount of over 10 percent off each policy depending on the company.
Accident-Free Discounts – Drivers with accident-free driving histories have much lower rates in comparison with drivers with a long claim history.
Payment Discounts – By paying your entire bill at once instead of monthly or quarterly installments you could save up to 5%.
Memberships – Being in certain professional organizations could earn you a nice discount when shopping for car insurance.
Early Signing – Select larger companies give a discount for signing up before your current coverage expires. You could save around 10% when you buy car insurance online.
Senior Citizen Discount – Drivers that qualify as senior citizens can get better car insurance rates on Mustang SVT Cobra insurance.
Discounts for Multiple Vehicles – Having more than one vehicle with the same company may reduce the rate for each vehicle.

It’s important to note that some credits don’t apply to the entire policy premium. Most only apply to the cost of specific coverages such as liability, collision or medical payments. Despite the fact that it seems like all those discounts means the company will pay you, companies wouldn’t make money that way.

The best car insurance companies and some of the discounts include:

GEICO may offer discounts for air bags, federal employee, defensive driver, seat belt use, driver training, multi-vehicle, and anti-theft.
Travelers may include discounts for multi-policy, home ownership, student away at school, hybrid/electric vehicle, driver training, IntelliDrive, and save driver.
Nationwide has savings for anti-theft, good student, Farm Bureau membership, accident-free, multi-policy, and easy pay.
Farmers Insurance discounts include pay in full, electronic funds transfer, youthful driver, business and professional, good student, bundle discounts, and early shopping.
Esurance offers premium reductions for anti-lock brakes, good student, online shopper, multi-car, and homeowner.
State Farm offers discounts for defensive driving training, student away at school, anti-theft, multiple autos, safe vehicle, good driver, and driver’s education.
Progressive policyholders can earn discounts including multi-policy, homeowner, multi-vehicle, continuous coverage, online quote discount, and online signing.
Mercury Insurance includes discounts for accident-free, good student, annual mileage, multi-policy, location of vehicle, and ease of repair.

When quoting, ask every prospective company what discounts are available to you. All car insurance discounts may not be offered everywhere. To choose companies that have a full spectrum of discounts, click here to view.

What is the best car insurance coverage?

When buying the best car insurance coverage, there really is not a “perfect” insurance plan. Everyone’s needs are different so your insurance should reflect that For instance, these questions can help discover whether you will benefit from professional help.

Do I need motorclub coverage?
Am I covered when using my vehicle for business?
What companies insure drivers after a DUI or DWI?
Does my liability insurance cover pulling a trailer or camper?
Should I rate my 1995 Ford Mustang SVT Cobra as pleasure use or commute?
What happens if I owe more than my 1995 Ford Mustang SVT Cobra is worth?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find an agent in your area, simply complete this short 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.

Learn about car insurance coverages for a 1995 Ford Mustang SVT Cobra

Learning about specific coverages of a car insurance policy can help you determine which coverages you need at the best deductibles and correct limits. Car insurance terms can be difficult to understand and coverage can change by endorsement. Below you’ll find typical coverages available from car insurance companies.

Medical expense coverage

Med pay and PIP coverage provide coverage for bills like prosthetic devices, hospital visits and rehabilitation expenses. The coverages can be used in conjunction with a health insurance program or if there is no health insurance coverage. Coverage applies to both the driver and occupants and also covers being hit by a car walking across the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Auto collision coverage

This pays for damage to your Mustang SVT Cobra resulting from a collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers things like damaging your car on a curb, colliding with another moving vehicle, hitting a mailbox, crashing into a ditch and hitting a parking meter. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to save money on collision insurance.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Ford Mustang SVT Cobra.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is a good idea.

Comprehensive protection

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as a tree branch falling on your vehicle, a broken windshield, falling objects, hail damage and fire damage. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Liability car insurance

This will cover damage that occurs to other people or property in an accident. It protects YOU from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 which means $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability can pay for claims such as repair costs for stationary objects, funeral expenses, pain and suffering and structural damage. How much liability coverage do you need? That is up to you, but consider buying as high a limit as you can afford.

Final considerations

Cost effective 1995 Ford Mustang SVT Cobra insurance can be bought both online and also from your neighborhood agents, and you should compare rates from both to have the best selection. Some insurance providers may not offer the ability to get a quote online and most of the time these regional insurance providers work with independent agents.

We’ve covered some good ideas how to shop for 1995 Ford Mustang SVT Cobra insurance online. The most important thing to understand is the more rate quotes you have, the more likely it is that you will get a better rate. You may be surprised to find that the lowest rates are with some of the lesser-known companies. These companies may cover specific market segments cheaper compared to the large companies like State Farm or Progressive.

Additional detailed information can be found in these articles: