Cheaper 1996 Ford Mustang Insurance Rates

If you’re new to shopping for car insurance quotes online, you can be confused thanks to the huge assortment of online companies vying for business.

These discounts can lower insurance rates

The price of auto insurance can be rather high, but you may be missing some discounts that may help make it more affordable. Some discounts will apply at quote time, but once in a while a discount must be requested specifically before being credited.

  • Anti-lock Brake Discount – Vehicles with anti-lock braking systems can stop better under adverse conditions and therefore earn up to a 10% discount.
  • Claim-Free Discount – Insureds with no claims or accidents pay much less compared to drivers who are more careless.
  • Distant College Student Discount – Children who are enrolled in higher education away from home and won’t have access to an insured vehicle can receive lower rates.
  • Include Life Insurance and Save – Insurance companies who offer life insurance give a discount if you purchase life insurance from them.
  • Club Memberships – Joining a qualifying organization may earn a discount on your bill.
  • Home Ownership Discount – Owning a house may earn you a small savings because maintaining a house requires a higher level of personal finance.
  • Anti-theft System – Anti-theft and alarm system equipped vehicles are stolen less frequently and can earn a small discount on your policy.

A quick disclaimer, some credits don’t apply to the overall cost of the policy. Most only cut specific coverage prices like physical damage coverage or medical payments. Even though it may seem like all the discounts add up to a free policy, company stockholders wouldn’t be very happy.

To see a list of insurers that can offer you the previously mentioned discounts, click here.

Get cheaper auto insurance with these tips

Lots of factors are used in the calculation when you get a price on insurance. Most are fairly basic like an MVR report, but other factors are not as apparent like where you live or your commute time.

The list below includes a few of the things used by insurance companies to determine prices.

  • Save money with alarm systems – Selecting a car model with anti-theft technology or alarm system can save you a little every year. Theft prevention features like OnStar, LoJack tracking, and tamper alarms can help prevent your vehicle from being stolen.
  • Higher coverage deductibles cost less – Insurance for physical damage, termed comprehensive and collision coverage on your policy, insures against damage to your Ford. A few examples of covered claims are running into the backend of another car, flood damage, or theft. Comprehensive and collision coverage deductibles are the amount of money you are willing to pay if you file a covered claim. The more of the claim the insured is willing to pay, the lower your rates will be for Mustang insurance.
  • Being married can save on auto insurance – Your spouse may earn you lower rates when buying auto insurance. Having a spouse means you’re more stable financially and statistics prove married drivers tend to file fewer claims.
  • Your vocation may affect prices – Jobs such as lawyers, business owners and medical professionals have higher premium rates due to job stress and extremely grueling work hours. Conversely, professions such as actors, students and performers have lower than average premiums for Mustang insurance.
  • Gender as a rate factor – Statistics demonstrate that men are more aggressive behind the wheel. However, don’t assume that men are WORSE drivers than women. Females and males cause at-fault accidents at about the same rate, but the male of the species get into accidents with more damage. In addition to higher claims, males also get cited for more serious violations such as driving while intoxicated (DWI) or driving recklessly. Young men ages 16 to 20 have the highest risk to insure so they pay the highest premiums.

When do I need an agent’s advice?

When it comes to choosing coverage for your vehicles, there really is no best way to insure your cars. Everyone’s needs are different.

These are some specific questions could help you determine whether you might need professional guidance.

  • Will I be non-renewed for getting a DUI or other conviction?
  • Does my personal policy cover me when driving out-of-state?
  • Why do I need rental car insurance?
  • Does my policy pay for OEM or aftermarket parts?
  • Am I covered when delivering products for my home-based business?
  • Is pleasure use cheaper than using my 1996 Ford Mustang to commute?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Do I need special endorsements for business use of my vehicle?
  • What is the ISO rating for a 1996 Ford Mustang?
  • Who is covered when they drive my 1996 Ford Mustang?

If you’re not sure about those questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, complete this form.

Insurance advertising tricks

Popular auto insurance providers such as State Farm and Allstate seem to constantly run television and radio advertisements. They all seem to tend to make the same promise that drivers can save some big amount if you get a free car insurance quote and switch to them. How does every company charge less that you’re paying now? It’s all in the wording.

Auto insurance companies give the cheapest rates for the type of driver that will not have excessive claims. For instance, a preferred risk might be described as between the ages of 30 and 45, has never had a policy lapse, and has excellent credit. Anybody that meets those criteria gets the lowest prices and will also save if they switch.

Consumers who fall short of these standards will be charged higher rates and this results in the customer not purchasing. If you pay close attention to the ads, they say “people that switch” not “all people who quote” save the amount stated. That’s why insurance companies can lure you into getting a quote.

This emphasizes why it is so important to get a wide range of price quotes. It’s not possible to predict with any certainty which company will have the best premium rates at this point in time.

Auto insurance coverage considerations

Learning about specific coverages of auto insurance can help you determine which coverages you need and the correct deductibles and limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.

Comprehensive or Other Than Collision

Comprehensive insurance covers damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims like hail damage, a tree branch falling on your vehicle and hitting a bird. The highest amount your auto insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Medical costs insurance

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for X-ray expenses, doctor visits, prosthetic devices, chiropractic care and rehabilitation expenses. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision coverage

Collision insurance pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for claims like crashing into a building, colliding with a tree and hitting a parking meter. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Another option is to choose a higher deductible to save money on collision insurance.

Coverage for liability

This will cover injuries or damage you cause to other people or property by causing an accident. It protects YOU from claims by other people, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 100/300/100 which stand for $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability insurance covers claims like medical expenses, bail bonds, repair bills for other people’s vehicles, legal defense fees and repair costs for stationary objects. How much coverage you buy is your choice, but you should buy as large an amount as possible.

UM/UIM Coverage

Your UM/UIM coverage provides protection from other motorists when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Ford Mustang.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Usually the UM/UIM limits are set the same as your liablity limits.

Don’t throw your cash in the trash

People who switch companies do it for a variety of reasons including being labeled a high risk driver, delays in responding to claim requests, an unsatisfactory settlement offer or questionable increases in premium. No matter why you want to switch, finding a great new company can be less work than you think.

We covered a lot of ways to shop for 1996 Ford Mustang insurance online. The key thing to remember is the more rate comparisons you have, the better your chances of lowering your rates. Consumers could even find that the best prices are with a company that doesn’t do a lot of advertising.

There are still a few companies who do not provide internet price quotes and these smaller companies prefer to sell through independent insurance agencies. Cheaper insurance coverage is available online as well as from independent agents, so you need to compare both so you have a total pricing picture.

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