1996 Ford Mustang SVT Cobra Insurance Quotes

Have you finally had enough of wondering where the money will come from each month for car insurance? You’re in the same situation as many other consumers. Insurance companies such as GEICO, Progressive and Allstate all promote huge savings with catchy ads and it is difficult to avoid their marketing magic and find the best price available.

You should make it a habit to take a look at other company’s rates before your next renewal since prices are variable and change quite frequently. Even if you got the lowest rates for Mustang SVT Cobra coverage two years ago the chances are good that you can find a lower premium rate today. Block out anything you think you know about car insurance because I’m going to let you in on the secrets to one of the quickest ways to find great coverage at a great price.

If you have insurance now or need a new policy, you can follow these tips to cut your premiums while maintaining coverages. Buying car insurance is not that difficult. Drivers only need to know the best way to get comparison quotes online.

How to find cheap auto insurance

Cutting your auto insurance rates can be relatively painless. Drivers just need to take the time to compare free auto insurance quotes to find out which insurance company has affordable auto insurance quotes. Rate comparisons can be done using a couple different methods.

  1. The easiest and least time consuming way to get quotes for comparison is a comparison rater form (click to open form in new window). This easy form keeps you from doing multiple quote forms for each company you want a rate for. A single form gets insurance cost estimates direct from many companies.
  2. A different way to get comparison quotes consists of going to each company website and request a quote. For instance, let’s say you want to compare Farmers, Liberty Mutual and Progressive. In order to get each rate, you would have to take the time to go to each site to enter your coverage information, which is why first method is reommended. For a list of companies in your area, click here.

Whichever method you choose, compare exactly the same coverage limits and deductibles for every company. If you compare higher or lower deductibles it will be nearly impossible to make an equal comparison.

Cheaper auto insurance rates with discounts

Insurance can be prohibitively expensive, but you might already qualify for some discounts that can dramatically reduce your bill. A few discounts will be applied at the time you complete a quote, but once in a while a discount must be specifically requested before being credited.

  • Early Renewal Discounts – Select insurance companies give a discount for renewing your policy before your current coverage expires. The savings is around 10%.
  • Passive Restraints – Factory air bags or motorized seat belts can get savings of 25 to 30%.
  • Paper-free Discount – A few auto insurance companies will give you a small discount for buying your policy on your computer.
  • Life Insurance Discount – Some companies give lower premium rates if you buy some life insurance too.
  • Claim-Free Discount – Drivers who stay claim-free pay less as opposed to frequent claim filers.
  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to fasten their seat belts can save a little on the premium charged for medical payments and/or PIP.
  • Save with a New Car – Insuring a vehicle that is new is cheaper due to better safety requirements for new vehicles.
  • Braking Control Discount – Cars, trucks, and SUVs that have steering control and anti-lock brakes can reduce accidents and earn discounts up to 10%.
  • Driver Safety – Taking part in a defensive driver course may get you a small discount and easily pay for the cost of the class.

Discounts save money, but please remember that most credits do not apply to all coverage premiums. Most only apply to individual premiums such as medical payments or collision. Even though it appears all those discounts means the company will pay you, company stockholders wouldn’t be very happy.

Large auto insurance companies and some of the discounts can be read below.

  • State Farm includes discounts for defensive driving training, good student, passive restraint, multiple autos, and Steer Clear safe driver discount.
  • Liberty Mutual offers discounts for multi-car, newly married, new graduate, teen driver discount, new vehicle discount, and hybrid vehicle.
  • American Family has savings for multi-vehicle, TimeAway discount, defensive driver, good driver, and early bird.
  • Progressive offers discounts including good student, online quote discount, multi-policy, multi-vehicle, continuous coverage, and homeowner.
  • Farmers Insurance may offer discounts for bundle discounts, youthful driver, business and professional, switch companies, and distant student.
  • Auto-Owners Insurance policyholders can earn discounts including anti-theft, safe driver, multiple vehicles, paid in full, air bags, and safe vehicle.
  • SAFECO may have discounts that include anti-lock brakes, anti-theft, accident prevention training, teen safe driver, and homeowner.

When getting a coverage quote, ask each company or agent which discounts can lower your rates. Some discounts may not apply in your area. To view companies that have a full spectrum of discounts, follow this link.

Get more affordable insurance rates by understanding these factors

Many different elements are taken into consideration when you quote your car insurance policy. A few of the factors are predictable like your driving record, but other criteria are more obscure like your continuous coverage and annual miles driven.The best way to find cheaper auto insurance is to take a look at the factors that help calculate auto insurance rates. When you know what positively or negatively determines premiums, this helps enable you to make changes that could help you find cheaper rates.

The items below are some of the items auto insurance companies consider when setting premiums.

  • Extra policy coverages are wasting money – There are quite a few add-on coverages that can add up if you aren’t careful. Insurance for things like vanishing deductibles, towing, and motor club memberships may not be needed and are just wasting money. The coverages may be enticing when deciding what coverages you need, but if you don’t need them eliminate the coverages to reduce your premium.
  • Where do you drive? – The more you drive your Ford annually the higher your rate. Most companies apply a rate based upon how much you drive. Vehicles that are left in the garage can be on a lower rate level than vehicles that have high annual mileage. Ask your agent if your vehicle rating shows annual mileage. Having the wrong rating on your Mustang SVT Cobra may be wasting your money.
  • Accidents drive up costs – Your driving citation history has a lot to do with how much you pay for insurance. Attentive drivers have lower premiums than bad drivers. Even one moving violation could increase your next policy renewal by as much as twenty percent. Drivers unfortunate enough to have dangerous citations such as reckless driving or DUI may find that they have to to maintain a SR-22 with their state motor vehicle department in order to prevent a license revocation.
  • Experienced drivers pay less – Youthful drivers are known to be easily distracted behind the wheel so they pay higher auto insurance rates. More mature drivers are viewed as being more responsible, file fewer claims , and usually have better credit.
  • A lauto insurance policy lapse is a bad thing – Not having insurance is a misdemeanor and your next policy will cost more because you let your coverage cancel without a new policy in place. In addition to paying higher rates, failure to provide proof of insurance will get you fines and jail time.

Tailor your car insurance coverage to you

When it comes to buying the best car insurance coverage for your vehicles, there is no best way to insure your cars. Everyone’s needs are different so your insurance needs to address that. These are some specific questions can aid in determining whether you would benefit from professional advice.

  • What happens if I owe more than my 1996 Ford Mustang SVT Cobra is worth?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • At what point should I drop full coverage?
  • How much liability insurance is required?
  • Are there companies who specialize in insuring high-risk drivers?
  • Do I need PIP (personal injury protection) coverage in my state?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can provide invaluable advice.

Car insurance coverage information

Understanding the coverages of your auto insurance policy helps when choosing which coverages you need for your vehicles. Auto insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Shown next are typical coverages available from auto insurance companies.

Coverage for collisions

Collision coverage will pay to fix damage to your Mustang SVT Cobra from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as damaging your car on a curb, driving through your garage door and crashing into a ditch. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.

Coverage for medical expenses

Med pay and PIP coverage pay for short-term medical expenses like rehabilitation expenses, EMT expenses and dental work. They are utilized in addition to your health insurance plan or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and will also cover 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

Coverage for liability

This coverage will cover damages or injuries you inflict on other people or property that is your fault. This coverage protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Occasionally you may see one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for things such as legal defense fees, emergency aid and repair costs for stationary objects. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive auto insurance

Comprehensive insurance covers damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like damage from getting keyed, theft, hitting a deer and rock chips in glass. The maximum amount a auto insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection when other motorists either have no liability insurance or not enough. Covered losses include injuries to you and your family as well as damage to your Ford Mustang SVT Cobra.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Most of the time these coverages are similar to your liability insurance amounts.

More effort can pay off

While you’re price shopping online, don’t be tempted to reduce needed coverages to save money. There are too many instances where an insured dropped liability coverage limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your objective should be to find the BEST coverage at the lowest possible cost, not the least amount of coverage.

Throughout this article, we presented a lot of ways to get a better price on 1996 Ford Mustang SVT Cobra insurance. The key thing to remember is the more quotes you get, the more likely it is that you will get a better rate. Consumers could even find that the best rates are with a smaller regional carrier. They often have lower auto insurance rates on specific markets compared to the large companies like GEICO and State Farm.

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