View 2003 Ford Mustang Insurance Rates

Searching for cheaper insurance coverage rates for your Ford Mustang? No sane person fancies paying their premiums for insurance coverage, especially when they are paying too much.

Many insurers compete to insure your vehicles, so it’s not easy to compare every company and uncover the absolute best rate

Consumers should take time to get comparison quotes before your policy renews since prices change frequently. If you had the lowest quotes for Mustang insurance two years ago there may be better deals available now. You can find a lot of misleading information regarding insurance coverage on the internet, but you can learn a lot of great tips on how to save money.

If you currently have car insurance, you will most likely be able to cut costs considerably using these techniques. Buying car insurance is easy if you know what you’re doing. But consumers must understand the way insurance companies compete online because it can help you find the best coverage.

How much does insurance cost?

Shopping for lower insurance rates can be a lot of work if you don’t know the most efficient way. You could waste time talking to agents in your area, or you can utilize the web to maximize your effort.

Most major companies belong to a marketplace where prospective buyers enter their coverage request one time, and every company provides a quote based on the submitted data. This eliminates the need for form submissions for each company you want a rate for.

To compare rates now click here (opens in new window).

The only downside to using this type of form is you are unable to specify which insurance companies you will receive quotes from. So if you prefer to choose specific providers to compare, we have a listing of insurance companies in your area. Click to view list.

Whichever method you choose, do your best to use equivalent deductibles and coverage limits for every company. If each company quotes different deductibles it will be next to impossible to find the best deal for your Ford Mustang. Quoting even small variations in insurance coverages could skew the results. And when quoting insurance, remember that comparing more quotes helps you find a lower rate.

These discounts can reduce car insurance rates

Buying car insurance is not cheap, but there could be available discounts to help bring down the price. Many discounts should be triggered at quote time, but some must be requested specifically prior to getting the savings.

ABS and Traction Control Discounts – Cars, trucks, and SUVs with anti-lock braking systems can reduce accidents and therefore earn up to a 10% discount.
New Car Discount – Putting car insurance coverage on a new car can be considerably cheaper since newer vehicles have better safety ratings.
Save over 55 – Mature drivers may receive lower premium rates for Mustang insurance.
Government Employee Discount – Active or former government employment can earn a discount up to 10% for Mustang insurance depending on your company.
Good Grades Discount – Maintaining excellent grades may save you up to 25%. The discount lasts until age 25.

Discounts lower rates, but most credits do not apply to the overall cost of the policy. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. So even though they make it sound like all the discounts add up to a free policy, it’s just not the way it works. Any qualifying discounts should help reduce your premiums.

Some of the insurance companies that may include most of these discounts may include but are not limited to:

When quoting, ask each company or agent which credits you are entitled to. Some of the discounts discussed earlier may not be offered in your area. To view insurers that offer the discounts shown above, follow this link.

When do I need an agent’s advice?

When choosing proper insurance coverage, there is no “perfect” insurance plan. Your needs are not the same as everyone else’s so your insurance needs to address that. Here are some questions about coverages that can aid in determining whether you could use an agent’s help.

Do I benefit by insuring my home with the same company?
Do I need higher collision deductibles?
Are my tools covered if they get stolen from my vehicle?
Where can I get insurance after a DUI in my state?
What is no-fault insurance?
Do I need PIP (personal injury protection) coverage in my state?
Are my friends covered when driving my car?
Is my vehicle covered by my employer’s policy when using it for work?
Should I have combined single limit or split liability limits?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.

The coverage is in the details

Understanding the coverages of a auto insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Below you’ll find typical coverage types offered by auto insurance companies.

Coverage for medical payments

Coverage for medical payments and/or PIP pay for immediate expenses such as X-ray expenses, nursing services, pain medications and prosthetic devices. They are often used in conjunction with a health insurance program or if you are not covered by health insurance. They cover both the driver and occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Comprehensive coverages

This coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as a broken windshield, theft, rock chips in glass, damage from flooding and vandalism. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Uninsured and underinsured coverage

This gives you protection from other motorists when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Ford Mustang.

Because many people have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is a good idea. Most of the time these coverages are identical to your policy’s liability coverage.

Auto collision coverage

Collision coverage pays to fix your vehicle from damage resulting from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things such as crashing into a building, crashing into a ditch and driving through your garage door. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Liability car insurance

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

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 100/300/100 that means you have a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for things like bail bonds, medical services, attorney fees and court costs. The amount of liability coverage you purchase is a personal decision, but you should buy as high a limit as you can afford.