Save on 2011 Ford Mustang Insurance Quotes

Trying to find cheaper auto insurance rates for your Ford Mustang? I can’t think of anyone who likes paying for auto insurance, especially knowing they could lower their rates if they shopped around. Numerous car insurance companies battle for your hard-earned dollar, so it can be very hard to choose a insurance company to find the absolute best rates possible.

Discounts to earn cheap auto insurance rates

Not many people think insurance is cheap, but you might already qualify for some discounts that you may not know about. Most are applied at the time of quoting, but a few must be asked about before being credited.

  • Safety Restraint Discount – Drivers who require all occupants to buckle their seat belts can save up to 15% off the medical payments premium.
  • No Claims – Good drivers with no accidents have much lower rates in comparison with frequent claim filers.
  • Payment Method – By paying your policy upfront instead of paying each month you may reduce your total bill.
  • Savings for New Vehicles – Adding a new car to your policy can cost up to 25% less because newer vehicles keep occupants safer.
  • Low Mileage – Driving fewer miles could qualify for lower auto insurancerates on the low mileage vehicles.
  • Employee of Federal Government – Employees or retirees of the government could cut as much as 10% off for Mustang coverage depending on your company.
  • Theft Prevention Discount – Vehicles equipped with tracking devices and advanced anti-theft systems can help prevent theft and that can save you a little bit as well.

Just know that some credits don’t apply the the whole policy. Most only cut specific coverage prices like medical payments or collision. Just because it seems like you would end up receiving a 100% discount, you aren’t that lucky. But all discounts will definitely lower the amount you pay for coverage.

Some of the larger companies that may offer quotes with most of these discounts may include but are not limited to:

Before buying, ask every company how you can save money. Savings might not be available to policyholders in your area.

Lower your insurance prices

It’s important that you understand some of the factors that are used to determine the level of your policy premiums. When you know what positively or negatively controls the rates you pay, this enables informed choices that will entitle you to lower auto insurance prices. Lots of factors are considered when you get a price on insurance. Some factors are common sense such as traffic violations, but some are less apparent such as whether you are married or how safe your car is.

The following are some of the most rate-impacting factors that factor into your rates.

  • Protect yourself with liability coverage – Your auto insurance policy’s liability coverage is the coverage that protects you when a court rules you are at fault for causing personal injury or damage in an accident. Your liability coverage provides legal defense which can cost thousands of dollars. It is affordable coverage when compared to the cost of physical damage coverage, so do not skimp.
  • More miles driven equals more premium – The higher the miles on your Ford annually the higher your rates will be. A lot of insurance companies charge rates based on how the vehicle is used. Autos that are left in the garage can be on a lower rate level compared to those used for work or business. Verify your auto insurance declarations sheet states annual mileage. Improper usage on your Mustang may be wasting your money.
  • Auto insurance rates and your occupation – Careers like lawyersairline pilots and financial analysts generally pay higher rates than the rest of us due to high stress levels and long work hours. Other careers such as actors, historians and the unemployed generally pay rates lower than average for Mustang coverage.
  • Reserve insurance claims for larger damages – If you file claims often, you can expect higher premiums or even policy non-renewal. Insurance companies award discounts to drivers that do not abuse their auto insurance. Auto insurance is designed for more catestrophic claims.
  • Guys pay more for car insurance – The statistics show women tend to be less risk to insure than men. However, don’t assume that women are better drivers. Men and women get in at-fault accidents at a similar rate, but males cause more damage. They also get higher numbers of serious violations such as driving while intoxicated (DWI) or driving recklessly. Male teenagers cause the most accidents and therefore have the most expensive auto insurance rates.
  • Vehicles with better crash test results cost less to insure – Vehicles that have high safety ratings tend to have lower insurance rates. Safe vehicles have better occupant injury protection and fewer serious injuries translates into fewer and smaller insurance claims passed on to you as lower rates.
  • Pay more if you have a long commute – Choosing to live in small towns and rural areas can save you money when shopping for auto insurance. Fewer people means reduced accidents. Urban drivers have to deal with congested traffic and more time behind the wheel. Longer commute distances statistically corresponds to a higher accident and claim rate.
  • Cheaper premiums using theft deterrents – Owning a car with a theft deterrent system can save you some money. Anti-theft features such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack can help prevent auto theft.

Tailor your insurance coverage coverage to you

When buying coverage for your vehicles, there is no “perfect” insurance plan. Every insured’s situation is different and a cookie cutter policy won’t apply. These are some specific questions might point out whether you might need professional guidance.

  • Does insurance cover tools stolen from my truck?
  • Does my policy cover me when driving someone else’s vehicle?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Why do I only qualify for high-risk insurance?
  • Is my custom paint covered by insurance?
  • Is my teenager covered with friends in the car?
  • How high should deductibles be on a 2011 Ford Mustang?
  • Why am I required to get a high-risk car insurance policy?
  • Does my car insurance cover rental cars?

If you’re not sure about those questions, you may need to chat with a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Insurance coverages explained

Having a good grasp of insurance aids in choosing the best coverages for your vehicles. Insurance terms can be difficult to understand and coverage can change by endorsement. Below you’ll find the normal coverages offered by insurance companies.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for nursing services, ambulance fees, X-ray expenses and chiropractic care. The coverages can be used to fill the gap from your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants and also covers getting struck while a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Collision coverage protection

This pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision can pay for things like hitting a parking meter, rolling your car and hitting a mailbox. This coverage can be expensive, so consider dropping it from lower value vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Comprehensive auto coverage

This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as damage from a tornado or hurricane, hitting a bird, fire damage and vandalism. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Ford Mustang.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Coverage for liability

Liability insurance protects you from damage or injury you incur to a person or their property in an accident. It protects you against other people’s claims, 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. As an example, you may have values of 100/300/100 that translate to a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery.

Liability insurance covers claims such as funeral expenses, loss of income and structural damage. How much liability should you purchase? That is your choice, but consider buying higher limits if possible.

Save your cold hard cash

Budget-conscious 2011 Ford Mustang insurance is definitely available both online and with local insurance agents, so get free insurance quotes from both of them in order to have the best chance of saving money. Some insurance providers don’t offer online quoting and most of the time these regional insurance providers work with local independent agencies.

We’ve covered many tips how you can shop for 2011 Ford Mustang insurance online. The key thing to remember is the more price quotes you have, the better chance you’ll have of finding the cheapest insurance. Consumers may even find the best premium rates are with some of the smallest insurance companies. Smaller companies may have significantly lower prices on certain market segments compared to the large companies like State Farm and Allstate.

As you restructure your insurance plan, it’s not a good idea to buy lower coverage limits just to save a few bucks. There have been many situations where drivers have reduced uninsured motorist or liability limits and learned later they didn’t have enough coverage. Your aim should be to buy enough coverage at the best price but still have enough coverage for asset protection.

Additional detailed information can be found in the articles below: