1997 Ford Mustang Insurance Cost

Getting the cheapest insurance over the internet is rather challenging for beginners to price shopping over the internet. Because there are so many companies in the marketplace, how can you have time to compare every insurance company to find the best pricing?

You should make it a habit to do rate comparisons before your next renewal because insurance prices change regularly. Just because you found the best rates for Mustang insurance a couple years back the chances are good that you can find a lower premium rate today. Forget all the misinformation about insurance because you’re going to get a crash course in the best way to remove unneeded coverages and save money.

If you currently have a car insurance policy, you should be able to reduce your rates substantially using these techniques. Shopping for cheaper car insurance coverage is easy if you know what you’re doing. But drivers benefit from understanding how big insurance companies compete online and apply this information to your search.

How to lower your insurance rates

Many things are used when premium rates are determined. Some are obvious like a motor vehicle report, but others are more obscure like your vehicle usage or how financially stable you are.A large part of saving on insurance is knowing some of the elements that help determine the price you pay for insurance. If you understand what determines premiums, this allows you to make educated decisions that can earn you lower insurance prices.

Listed below are some of the factors companies use to determine your rate level.

  • Do you have enough liability insurance? – The liability section of your policy will protect you if you are found liable for damages from an accident. Your liability coverage provides you with a defense in court to defend your case. Carrying liability coverage is mandatory and cheap compared to other policy coverages, so do not cut corners here.
  • Annual mileage impacts prices – The more miles you rack up on your Ford every year the higher the price you pay to insure it. Most insurance companies price each vehicle’s coverage determined by how the vehicle is used. Cars that are left in the garage can be on a lower rate level compared to those used for work or business. Make sure your insurance policy correctly shows the proper vehicle usage. A policy that improperly rates your Mustang can cost quite a bit.
  • Deter theft and pay less – Buying a car that has an advanced theft prevention system can help bring down rates. Systems that thwart theives such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping your vehicle from being stolen.
  • More policies can equal more savings – Many insurance companies allow a discount to buyers who consolidate policies with them such as combining an auto and homeowners policy. Even though this discount sounds good, you still need to compare other company rates to ensure the best deal. You may still be able to save even more by buying insurance from more than one company.

The best way to get policy rate comparisons is to take advantage of the fact auto insurance companies participate in a system to compare rate quotes. The only thing you need to do is take a few minutes to give details including how old drivers are, whether or not you need a SR-22, if you are currently licensed, and coverage limits. Your information is automatically sent to multiple different insurance companies and you will get price comparisons quickly.

Discounts for cheaper insurance coverage quotes

Companies that sell car insurance don’t list the complete list of policy discounts very well, so we researched some of the best known and the harder-to-find credits available to lower your premiums when you buy auto insurance online.

  • Own a Home and Save – Owning a home can help you save on insurance coverage because owning a home requires personal responsibility.
  • Early Payment Discounts – If paying your policy premium upfront instead of paying each month you may reduce your total bill.
  • Passenger Safety Discount – Vehicles equipped with air bags or automatic seat belts can receive discounts up to 30%.
  • Driver Safety – Taking part in a course teaching defensive driving skills is a good idea and can lower rates and also improve your driving technique.
  • Paper-free Discount – A few companies will discount your bill up to fifty bucks for buying a policy and signing up online.
  • Savings for New Vehicles – Putting insurance coverage coverage on a new car is cheaper due to better safety requirements for new vehicles.
  • Policy Bundle Discount – If you combine your auto and home policies with the same insurance company they may give you a discount of up to 20% off your total premium.
  • Drive Less and Save – Keeping the miles down on your Ford could qualify for cheaper prices.
  • Student Discount for Driver Training – Have your child participate in a local driver’s education class if it’s offered in school.
  • Accident-Free Discounts – Drivers who don’t have accidents are rewarded with significantly better rates on auto insurance quote in comparison to insureds who have frequent claims or accidents.

Don’t be surprised that most credits do not apply to your bottom line cost. A few only apply to specific coverage prices like medical payments or collision. So even though you would think you can get free auto insurance, nobody gets a free ride.

Some companies who might offer most of the discounts above possibly include:

If you need lower rates, check with every company which discounts they offer. Some of the discounts discussed earlier may not apply to policyholders in your area. If you would like to see a list of insurance coverage companies that offer multiple discounts, click here.

You may need specialized auto insurance coverage

When choosing proper insurance coverage for your vehicles, there really is not a perfect coverage plan. Everyone’s situation is unique.

These are some specific questions can help discover if your situation could use an agent’s help.

  • Should I buy more coverage than the required minimum liability coverage?
  • Can I drive in Mexico and have coverage?
  • If I drive on a suspended license am I covered?
  • Will filing a claim cost me more?
  • Does insurance cover damages from a DUI accident?
  • Does my car insurance cover rental cars?
  • How high should my medical payments coverage be?

If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. If you don’t have a local agent, simply complete this short form.

Auto insurance 101

Knowing the specifics of auto insurance can be of help when determining appropriate coverage for your vehicles. Auto insurance terms can be ambiguous and even agents have difficulty translating policy wording.

Liability auto insurance

This can cover injuries or damage you cause to other people or property. It protects YOU from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery.

Liability coverage protects against things like repair costs for stationary objects, pain and suffering and funeral expenses. How much coverage you buy is a personal decision, but consider buying as large an amount as possible.

Coverage for collisions

Collision coverage covers damage to your Mustang from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as crashing into a building, hitting a mailbox and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. You can also bump up the deductible to bring the cost down.

Comprehensive insurance

This covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as damage from getting keyed, theft, rock chips in glass and a broken windshield. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This provides protection from other drivers when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Ford Mustang.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance kick in for immediate expenses for pain medications, doctor visits and EMT expenses. The coverages can be used in conjunction with a health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not an option in every state and may carry a deductible

At the end of the day…

As you quote auto insurance, you should never reduce coverage to reduce premium. In too many instances, someone sacrificed liability limits or collision coverage and discovered at claim time that it was a big error on their part. Your strategy should be to find the BEST coverage for the lowest price, not the least amount of coverage.

We just covered many ways to reduce 1997 Ford Mustang insurance premium rates online. The key concept to understand is the more you quote auto insurance, the higher the chance of saving money. You may even discover the lowest premium rates come from the smaller companies.

Drivers who switch companies do it for any number of reasons including not issuing a premium refund, high prices, poor customer service and an unsatisfactory settlement offer. It doesn’t matter why you want to switch switching companies is pretty easy and you might even save some money in the process.

Additional insurance information is available at the links below