How Much Does 1993 Ford Mustang SVT Cobra Car Insurance Cost?

Searching for the cheapest auto insurance rates for your Ford Mustang SVT Cobra? Finding low cost premium rates for auto insurance is quite difficult for people who are beginners to shopping for insurance online. Drivers have so many options available that it can quickly become a difficult situation to find more affordable auto insurance rates.

It’s important to shop coverage around as often as possible since insurance prices are usually higher with each renewal. Just because you had the best price on Mustang SVT Cobra coverage two years ago a different company probably has better rate quotes today. Forget anything you know (or think you know) about auto insurance because you’re going to get a crash course in the quickest way to find better rates and still maintain coverage.

Are you earning every discount?

Properly insuring your vehicles can get expensive, but there are discounts available that could drop your premiums quite a bit. Some discounts apply automatically at quote time, but a few must be specially asked for prior to receiving the credit.

  • Senior Citizens – If you’re over the age of 55, you may be able to get reduced rates on Mustang SVT Cobra coverage.
  • Club Memberships – Belonging to a qualifying organization could trigger savings when shopping for car insurance.
  • Discount for Swiching Early – Some car insurance companies reward drivers for switching policies before your current policy expires. You could save around 10% when you buy insurance coverage online.
  • Include Life Insurance and Save – Some car insurance companies give a discount if you purchase life insurance from them.
  • Pay Early and Save – By paying your policy upfront rather than paying monthly you can avoid monthly service charges.
  • Distant Student Discount – living away from home attending college and do not take a car to college could qualify for this discount.
  • Auto/Home Discount – If you have multiple policies and place coverage with the same company you could save 10% to 20% off each policy.
  • Safety Course Discount – Taking a driver safety class can save you 5% or more if your company offers it.
  • Online Discount – Many companies may give you up to $50 for buying your policy on the internet.

A quick disclaimer, some credits don’t apply to the entire policy premium. The majority will only reduce the cost of specific coverages such as medical payments or collision. So when it seems like you could get a free car insurance policy, that’s just not realistic. Any amount of discount will definitely lower your policy premium.

To see a list of insurers that offer many of these discounts, click here.

How to find the cheapest car insurance

Most major insurance companies make it easy to get coverage prices from their websites. The process is easy for anyone as you just type in on the page. Once you submit the form, the quote system requests your credit score and driving record and returns a price quote based on the information you submitted.

Online price quotes helps simplify price comparisons, but the time it takes to visit several different sites and type in the same data can get tiresome after awhile. But it’s necessary to perform this step if you want to find better car insurance pricing.

There is an easier way!

A less time-consuming method to lower your rates is to use a quote form to get prices from a bunch of companies at once. It’s a real time-saver, reduces the work, and makes comparison shopping a lot less work. After sending your information, it gets priced and you can select any of the price quotes you receive. If you find a better price you can click and sign and buy the policy. The whole process just takes a couple of minutes and you will find out if you’re overpaying now.

To quickly use this form to compare rates, click here to open in a new tab and enter your information. If you have coverage now, it’s recommended you duplicate the coverages as close as possible to your current policy. This guarantees you will get comparison quotes for similar insurance coverage.

Reduce insurance rates with these tips

Smart consumers have a good feel for the different types of things that aid in calculating your premiums. If you understand what positively or negatively impacts your premiums, this allows you to make good choices that may result in much lower annual insurance costs.

The itemized list below are a few of the things that factor into your premiums.

  • Marriage can lower rates – Having a wife or husband actually saves money when buying auto insurance. Having a significant other may mean you are less irresponsible and insurance companies reward insureds because married drivers tend to file fewer claims.
  • Careless drivers pay higher prices – Good drivers receive lower rates compared to drivers with tickets. Having a single moving violation can increase rates forty percent or more. Drivers who have received license-revoking violations like DUI or reckless driving might be required by their state to prove financial responsibility with their state DMV in order to drive a vehicle legally.
  • Limits of liability protection – Liability coverage is the protection when you are found to be at fault for an accident. This coverage provides you with a defense in court which can cost a lot. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so do not cut corners here.
  • Only buy coverage you need – Policies have add-on coverages that sound like a good idea at the time on your Mustang SVT Cobra policy. Coverages for coverage for rental cars, towing, and extra equipment coverage are probably not needed. The coverages may be enticing when buying your policy, but your money might be better spent on other coverage so think about removing them and cutting costs.
  • Auto insurance lapses lead to higher premiums – Allowing your auto insurance policy to lapse is a guaranteed way to trigger a rate increase. In addition to paying higher premiums, the inability to provide proof of insurance will get you a hefty fine and possibly a revoked license.
  • Safer cars means lower auto insurance rates – Vehicles with good safety scores tend to have lower insurance rates. Vehicles built for safety help reduce the chance of injuries in an accident and better occupant protection translates into fewer and smaller insurance claims and lower rates for you.
  • Increase comp and collision deductibles to save – Protection for physical damage, termed comprehensive and collision coverage on your policy, is used to repair damage to your vehicle. Examples of some claims that would be covered would be a broken side mirror, flood damage, and burglary. Deductibles for physical damage tell how much you are required to spend before a claim is paid by your company. The more you have to pay, the less money you will pay for auto insurance on Mustang SVT Cobra coverage.

When in doubt talk to an agent

When choosing coverage, there really is no one size fits all plan. Your needs are not the same as everyone else’s.

For instance, these questions may help highlight whether or not you could use an agent’s help.

  • Do I have coverage when using my vehicle for my home business?
  • Is my ex-spouse still covered by my policy?
  • What is the ISO rating for a 1993 Ford Mustang SVT Cobra?
  • Do all my vehicles need collision coverage?
  • Does my policy cover me when driving someone else’s vehicle?
  • Does my personal policy cover me when driving out-of-state?
  • Will I lose any money if I cancel my policy before it expires?

If you can’t answer these questions but you know they apply to you, you might consider talking to an insurance agent. To find an agent in your area, take a second and complete this form.

Auto insurance ads are enticing

Popular auto insurance providers such as Allstate and Progressive continually stream ads on TV and radio. They all seem to make an identical promise about savings if you just switch your auto insurance policy to them. How is it possible that every company can offer drivers better rates? Just pay attention to how they say it.

Many companies offer their best rates for the right customer that will be a good risk. For example, a profitable customer might have to be a female over age 40, has never had a policy lapse, and has great credit. Someone who meets those qualifications will most likely get cheap car insurance rates as well as cut their rates substantially.

Potential customers who are not a match for this ideal profile will be charged a more expensive rate which leads to the customer not purchasing. If you pay close attention to the ads, they say “customers that switch” not “everybody who quotes” save the amount stated. That is how companies can make it sound like they have such great rates. That is why drivers must get a wide range of price quotes. It’s just not possible to know which company will have the lowest rates.

The coverage is in the details

Having a good grasp of a car insurance policy can help you determine the best coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy.

Collision protection

This coverage pays for damage to your Mustang SVT Cobra from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as scraping a guard rail, colliding with another moving vehicle, rolling your car and driving through your garage door. This coverage can be expensive, so you might think about dropping it from older vehicles. You can also raise the deductible to save money on collision insurance.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage gives you protection when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as damage to your Ford Mustang SVT Cobra.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance pay for bills for pain medications, rehabilitation expenses, nursing services, EMT expenses and prosthetic devices. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Liability

Liability insurance protects you from damages or injuries you inflict on other’s property or people that is your fault. It protects YOU against other people’s claims. It does not cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability coverage pays for claims like court costs, repair bills for other people’s vehicles and structural damage. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive coverage (or Other than Collision)

This coverage covers damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as hail damage, fire damage and hitting a deer. The highest amount your car insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Do the work, save more money

As you prepare to switch companies, you should never buy less coverage just to save a little money. In many cases, an insured cut liability limits or collision coverage and learned later that it was a big mistake. The aim is to purchase plenty of coverage at the best cost while not skimping on critical coverages.

Cheap 1993 Ford Mustang SVT Cobra insurance is attainable online in addition to many insurance agents, so you need to quote insurance coverage with both to have the best selection. A few companies do not provide price quotes online and many times these smaller companies work with independent agencies.

Consumers leave their current company for a variety of reasons including an unsatisfactory settlement offer, unfair underwriting practices, policy cancellation or even denial of a claim. It doesn’t matter what your reason, finding the right car insurance provider can be easy and end up saving you some money.

Helpful articles