1997 Ford Mustang SVT Cobra Insurance Quotes

There isn’t anyone who looks forward to paying for auto insurance, in particular when the prices are way too high.

Companies like Allstate, Progressive and GEICO increase brand awareness with catchy ads and it can be hard to see past the geckos and flying pigs and effectively compare rates to find the best deal.

These discounts can reduce car insurance rates

Car insurance is not cheap nor is it fun to buy but there could be available discounts that can drop the cost substantially. Many of these discounts will be applied automatically at the time you complete a quote, but once in a while a discount must be manually applied before you get the savings. If they aren’t giving you every credit you deserve, you could be getting lower rates.

  • Discount for Passive Restraints – Factory air bags or motorized seat belts can receive discounts of 25 to 30%.
  • Save with a New Car – Insuring a new car can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • Active Military Service – Being deployed with a military unit may lower your car insurance rates slightly.
  • Drive Less and Save – Maintaining low annual mileage could be rewarded with substantially lower prices.
  • Good Student – Excelling in school may save you up to 25%. Many companies even apply the discount to college students until age 25.
  • Telematics Devices – Insureds who allow their company to scrutinize where and when they drive by installing a telematics device like Allstate’s Drivewise could save a few bucks if their driving habits are good.
  • Clubs and Organizations – Joining a professional or civic organization could earn you a nice discount on car insurance.

You can save money using discounts, but some credits don’t apply to the overall cost of the policy. Most only cut individual premiums such as medical payments or collision. Despite the fact that it seems like having all the discounts means you get insurance for free, you’re out of luck.

To see insurers that can offer you the previously mentioned discounts, follow this link.

The best way to get policy rate comparisons is to know the fact most insurance companies pay for the opportunity to provide you with a free rate quote. To start a quote, the only thing you need to do is provide a small amount of information including your education level, daily mileage, whether your vehicle is owned or leased, and how old drivers are. That rating data is then sent to multiple auto insurance providers and they return rate quotes almost instantly.

How to lower your insurance rates

Consumers need to have an understanding of some of the things that are used to determine your policy premiums. When consumers understand what controls the rates you pay, this helps enable you to make changes that may result in lower car insurance prices.

  • Buy a safe car and pay less – Safe vehicles tend to be cheaper to insure. Safer cars reduce injuries and fewer serious injuries translates directly to fewer claims and lower rates for you. If your Ford Mustang SVT Cobra scored better than four stars on Safercar.gov you are probably receiving a discount.
  • Costs for males may be higher – Over the last 50 years, statistics have shown women are more cautious behind the wheel. The data does not necessarily mean that women are better drivers. Women and men are responsible for fender benders in similar numbers, but the male of the species cause more damage and cost insurance companies more money. Men also statistically have more aggressive citations like DUI and reckless driving. Teenage male drivers are several times more likely to be in an accident and thus pay the highest rates.
  • Tough vocation may mean higher car insurance rates – Do you have a high-stress occupation? Careers like military personnel, business owners and dentists generally pay the highest average rates in part from intense work-related stress and lots of time spent at work. Conversely, occupations like professors, historians and homemakers pay lower than average rates on Mustang SVT Cobra insurance.
  • Driving citations are costly – Careful drivers get better rates than people who have multiple driving citations. Only having one citation can bump up the cost twenty percent or more. Drivers who get license-revoking citations like reckless driving or DUI may find they need to file a SR-22 with the DMV in their state in order to prevent their license from being revoked.
  • Marriage discount – Having a significant other helps lower the price on your car insurance bill. It may mean you are more mature than a single person and insurance companies like that married drivers tend to have fewer serious accidents.
  • Car insurance policy lapses increase rates – Driving without insurance is illegal and as a result your rates will increase for letting your insurance coverage expire. Not only will rates go up, being ticketed for driving with no insurance may result in a revoked license or a big fine.
  • Costs increase with policy add-ons – There are quite a few extra add-on coverages that can waste your money if you aren’t diligent. Coverage for things like replacement cost coverage, towing, and motor club memberships could be just wasting money. You may think they are a good idea when buying your policy, but your needs may have changed so consider taking them off your policy.
  • More mileage equals more premium – The more you drive your Ford in a year’s time the more it will cost to insure it. A lot of companies price each vehicle’s coverage based upon how the vehicle is primarily used. Autos used primarily for pleasure use receive better premium rates than cars that get driven a lot. It’s a smart idea to ensure your vehicle rating is showing annual mileage, because improper ratings can cost you money. Incorrect rating for your Mustang SVT Cobra can cost quite a bit.

When do I need an agent’s advice?

When it comes to choosing proper insurance coverage for your vehicles, there really is not a single plan that fits everyone. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. These are some specific questions may help highlight whether you would benefit from professional advice.

  • I have a DUI can I still get coverage?
  • Am I covered when driving in Canada or Mexico?
  • Can my babysitter drive my car?
  • When should I buy a commercial auto policy?
  • How do I buy GAP insurance?
  • Do I benefit by insuring my home with the same company?
  • Is my Ford Mustang SVT Cobra covered if I use it for business?

If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier

Coverages available on your policy

Knowing the specifics of your policy aids in choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Shown next are the usual coverages found on most insurance policies.

Comprehensive auto coverage

This pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as a broken windshield, hail damage, vandalism, damage from flooding and hitting a bird. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses like X-ray expenses, hospital visits, pain medications and chiropractic care. The coverages can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and may carry a deductible

Liability insurance

This will cover damages or injuries you inflict on other people or property in an accident. It protects you from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000.

Liability insurance covers things like repair bills for other people’s vehicles, legal defense fees, repair costs for stationary objects and attorney fees. How much liability should you purchase? That is a personal decision, but you should buy as large an amount as possible.

Auto collision coverage

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

Collision insurance covers things like colliding with another moving vehicle, driving through your garage door, rolling your car, sideswiping another vehicle and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Another option is to raise the deductible to bring the cost down.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.

In Summary

Cost effective 1997 Ford Mustang SVT Cobra insurance can be purchased on the web and with local insurance agents, and you should be comparing both to have the best chance of lowering rates. A few companies do not provide online rate quotes and most of the time these small, regional companies only sell coverage through independent insurance agents.

When searching for cheap car insurance quotes, you should never buy poor coverage just to save money. There have been many cases where drivers have reduced physical damage coverage only to regret at claim time that the small savings ended up costing them much more. The goal is to get the best coverage possible at the best cost.

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