Cheaper 2014 Ford Mustang Car Insurance Cost

Looking for the cheapest insurance coverage rates for your Ford Mustang? Are you burned out from robbing Peter to pay Paul to keep your car insured? You’re in the same situation as millions of other drivers.

Big companies like State Farm, Farmers Insurance, GEICO and Allstate all claim big savings, bombarding you with ads and it can be hard to avoid their marketing magic and take the time to shop coverage around.

If you currently have a car insurance policy, you should be able to save some money using this strategy. Buying car insurance is easy if you know what you’re doing. Nevertheless, drivers benefit from understanding the methods companies use to compete online.

Compare car insurance price quotes online

To find the best car insurance rates, there are several ways of comparing rates from many different insurance companies. The simplest method to comparison shop involves getting comparison quotes online. It is quite easy and can be accomplished in a couple of different ways.

If you’re in a hurry, the quickest way consumers can make multiple comparisons would be an industry-wide quote request form click to view form in new window. This form prevents you from having to do separate quotation requests for each company. A single, simple form gets coverage cost estimates direct from many companies.

A slightly less efficient method to find better pricing is spending the time to visit the website for each individual company and go through the quote process again. For example, let’s assume you want to compare Allstate, 21st Century and State Farm. To find out each rate you need to navigate to each company’s site and type in your information over and over, which can take a lot of time.

For a list of companies in your area, click here.

The approach you take is up to you, just make darn sure you compare the exact same deductibles and coverage limits on every quote you get. If your comparisons have differing limits it will be nearly impossible to determine which company has the best rates. Just slight variations in coverages could throw off the whole comparison. And when comparing car insurance rates, know that more quotes gives you a better chance of getting more affordable insurance.

Are auto insurance companies telling the truth?

Respected companies like Allstate, GEICO and Progressive constantly bombard you with television, radio, and online ads. All the companies make an identical promise about savings just by switching to them. How does every company sell you cheaper insurance coverage? This is the trick they use.

All companies offer their best rates for a prospective insured that earns them the most money. One example of a driver they prefer may be between the ages of 30 and 45, has never had a policy lapse, and drives less than 10,000 miles a year. Any person who meets those qualifications receive the lowest rate quotes and most likely will pay quite a bit less when switching companies.

Drivers who fall outside this ideal profile will see a higher rate which usually ends up with the prospect going elsewhere. If you listen to the ad wording, they say “people that switch” but not “all drivers who get quotes” will save that much if they switch. That’s why insurance companies can make it sound like they have such great premium rates. Different companies use different criteria so you need to compare free insurance coverage quotes often. Because you never know the company that will provide the lowest car insurance rates.

Insurance prices are influenced by these factors

Lots of things are considered when premium rates are determined. Some are pretty understandable like your driving record, but other factors are not quite as obvious like where you live or your commute time.Part of the auto insurance buying process is learning the rating factors that help determine the level of your policy premiums. When you know what positively or negatively influences your rates, this allows you to make educated decisions that may reward you with better auto insurance rates.

  • Youthful drivers cost more – Teenage drivers are proven to be careless and easily distracted in a vehicle therefore auto insurance rates are much higher. Having to add a first-time driver to your policy can increase premiums substantially. Older drivers are more responsible, statistically cause fewer accidents , and are generally more financially stable.
  • High physical damage deductibles reduce prices – Insurance for physical damage to your car, also called comprehensive and collision insurance, covers damage that occurs to your Ford. Some examples of claims that would be covered are colliding with a building, damage from fire, and rolling your vehicle. The deductibles tell how much you are required to spend out-of-pocket if the claim is covered. The more the insured is willing to pay, the better rate you will receive on Mustang insurance.
  • More than one policy can earn a discount – Most major insurance companies give better rates to customers who consolidate policies with them, otherwise known as a multi-policy discount. Discounts can amount to ten or even fifteen percent. Even though this discount sounds good, it’s in your best interest to check prices from other companies to guarantee you are still saving the most.There is a good possibility that you can find a better deal by insuring with multiple companies.
  • Save money with high credit – An insured’s credit rating is a large factor in determining what you pay. If your credit score can be improved, you could potentially save money when insuring your 2014 Ford Mustang by repairing your credit. People that have excellent credit tend to be more responsible than drivers with lower credit ratings.
  • Eliminate unneeded extra policy coverages – There are many extra coverages that can waste your money on your 2014 Mustang policy. Add-on coverages like replacement cost coverage, better glass coverage, and extra equipment coverage could be just wasting money. The coverages may be enticing when talking to your agent, but if you have no use for them eliminate the coverages to reduce your premium.
  • Save money with GPS tracking and theft deterrents – Driving a car with advanced anti-theft systems can help bring down rates. Anti-theft features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder your vehicle from being stolen.

Pay discount rates with these discounts

Companies that sell car insurance don’t always publicize every available discount very well, so the list below gives a summary of some of the more common as well as some of the hidden credits that you can use to lower your rates.

  • Multi-car Discount – Drivers who insure multiple cars on a single policy can reduce the rates for all insured vehicles.
  • Distant Student Discount – who are enrolled in a college that is more than 100 miles from home without a vehicle on campus may be insured at a cheaper rate.
  • Drivers Ed for Students – Have your child enroll and complete driver’s education as it can save substantially.
  • Save over 55 – Older drivers could receive better car insurance rates on Mustang insurance.
  • Bundle and Save – If you combine your homeowners and auto policies and place coverage with the same company they may give you a discount of approximately 10% to 15%.
  • Discount for Life Insurance – Not all insurance carriers offer life insurance, but some may give you better car insurancerates if you take out life insurance from them.

You should keep in mind that some of the credits will not apply the the whole policy. Some only reduce specific coverage prices like collision or personal injury protection. Even though the math looks like all those discounts means the company will pay you, you aren’t that lucky.

Companies and their possible discounts are detailed below.

  • State Farm offers discounts for defensive driving training, multiple policy, accident-free, passive restraint, and multiple autos.
  • Progressive has savings for multi-vehicle, online signing, homeowner, online quote discount, and multi-policy.
  • Travelers may include discounts for payment discounts, multi-policy, home ownership, save driver, student away at school, new car, and good student.
  • American Family offers discounts including bundled insurance, accident-free, multi-vehicle, air bags, good student, Steer into Savings, and mySafetyValet.
  • Liberty Mutual discounts include new vehicle discount, hybrid vehicle, preferred payment discount, multi-policy, newly married, good student, and safety features.

Before purchasing a policy, check with each insurance company how you can save money. Some discounts may not be available everywhere. To choose providers that provide some of the discounts listed above, click this link.

Your situation helps dictate your coverage

When choosing adequate coverage, there is no one size fits all plan. Your needs are not the same as everyone else’s so this has to be addressed. For instance, these questions might help in determining whether or not you might need professional guidance.

  • Does my policy cover my teen driver if they drive my company car?
  • Should I carry comprehensive and collision coverage?
  • How much liability coverage do I need in my state?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Can my teen driver be rated on a liability-only vehicle?
  • Can I get a multi-policy discount?
  • Does coverage extend to Mexico or Canada?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of insurance coverage companies in your area.

Insurance coverage considerations

Learning about specific coverages of your insurance policy aids in choosing appropriate coverage for your vehicles. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Listed below are the usual coverages found on most insurance policies.

Comprehensive protection – Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for claims such as damage from a tornado or hurricane, rock chips in glass, damage from getting keyed, vandalism and damage from flooding. The maximum payout you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for dental work, rehabilitation expenses, hospital visits, prosthetic devices and pain medications. They are often used in conjunction with a health insurance program or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants in addition to getting struck while a pedestrian. PIP coverage is only offered in select states and may carry a deductible

Collision coverage – Collision insurance covers damage to your Mustang from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like damaging your car on a curb, backing into a parked car, sideswiping another vehicle and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. You can also increase the deductible in order to get cheaper collision rates.

Uninsured or underinsured coverage – This coverage gives you protection when other motorists either have no liability insurance or not enough. It can pay for hospital bills for your injuries 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 is important protection for you and your family.

Liability coverages – This protects you from damages or injuries you inflict on people or other property by causing an accident. It protects YOU against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.

Liability insurance covers things like pain and suffering, repair costs for stationary objects and emergency aid. How much coverage you buy is your choice, but it’s cheap coverage so purchase as large an amount as possible.

More comparisons equals lower rates

When getting insurance coverage quotes online, it’s not a good idea to buy less coverage just to save a little money. There are many occasions where an accident victim reduced uninsured motorist or liability limits only to discover later they didn’t purchase enough coverage. Your goal should be to purchase plenty of coverage at a price you can afford, not the least amount of coverage.

Budget-friendly auto insurance is attainable from both online companies and also from your neighborhood agents, so you need to shop insurance coverage with both to have the best selection. Some insurance providers do not offer online rate quotes and most of the time these regional carriers sell through independent agents.

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