Save on 1994 Ford Mustang Insurance Rates

Buyers have many options when searching for the best price on Ford Mustang insurance. You can either spend your time driving around trying to get quotes or utilize the internet to find the lowest rates. There are more efficient ways to shop for auto insurance so we’re going to tell you the absolute fastest way to quote coverages for your Ford and obtain the lowest possible price from both online companies and local agents.

Consumers need to do rate comparisons on a regular basis since insurance prices change frequently. Even if you got the best deal on Mustang insurance on your last policy you can probably find a lower rate today. Block out anything you think you know about auto insurance because I’m going to teach you the only way to save on auto insurance.

Buying car insurance is not that difficult. If you have car insurance now, you stand a good chance to be able to lower your premiums substantially using this strategy. Consumers only need to know the most effective way to shop over the internet.

The quickest method to get rate comparisons is to realize almost all companies have advanced systems to provide you with free rate quotes. The only thing you need to do is give them some information such as how old drivers are, whether the vehicles are used for commuting, if you’re married, and the type of vehicles you drive. Your information gets transmitted to multiple top-rated companies and you will get price comparisons quickly.

To start a rate quote now, click here and see if a lower rate is available.

Discounts can really help lower rates

Car insurance is not cheap, but you may qualify for discounts that could help you make your next renewal payment. Certain reductions will be credited at the time of quoting, but some must be asked for prior to receiving the credit.

  • Service Members Pay Less – Having a family member in the military may lower your prices slightly.
  • Bundled Policy Discount – If you can bundle your homeowners and auto insurance with the same insurance company you could get a discount of approximately 10% to 15%.
  • More Vehicles More Savings – Buying a policy with primary and secondary vehicles with one company could earn a price break for each car.
  • Discounts for New Vehicles – Putting insurance on a new car is cheaper because newer vehicles are generally safer.
  • Pay Upfront and Save – By paying your entire bill at once instead of monthly or quarterly installments you can avoid the installment charge.
  • Club Memberships – Being in specific professional or occupational memberships or organizations is a simple method to lower premiums on your next renewal.
  • Discounts for Cautious Drivers – Accident-free drivers may save up to 50% more on Mustang insurance than less cautious drivers.
  • Distant College Student Discount – Kids living away from home attending college and do not have a car may be insured at a cheaper rate.
  • Theft Deterent – Cars and trucks optioned with advanced anti-theft systems have a lower chance of being stolen and will save you 10% or more.
  • Paperwork-free – Some of the larger companies will discount your bill up to fifty bucks for buying your policy over the internet.

As is typical with insurance, most discounts do not apply to the entire policy premium. Most only apply to individual premiums such as liability and collision coverage. Even though it may seem like adding up those discounts means a free policy, nobody gets a free ride.

A few popular companies and their possible discounts are:

  • Progressive includes discounts for online signing, continuous coverage, multi-policy, multi-vehicle, and homeowner.
  • SAFECO offers discounts for homeowner, safe driver, multi-car, drive less, and teen safe driver.
  • American Family has discounts for good student, bundled insurance, TimeAway discount, multi-vehicle, and mySafetyValet.
  • MetLife discounts include good driver, accident-free, claim-free, good student, multi-policy, and defensive driver.
  • Geico offers discounts including air bags, five-year accident-free, membership and employees, defensive driver, anti-lock brakes, military active duty, and multi-policy.
  • The Hartford may include discounts for anti-theft, vehicle fuel type, driver training, bundle, good student, and air bag.

Before buying, ask each insurance company which discounts they offer. Some discounts may not apply everywhere. For a list of insurance companies that offer discounts, click this link.

Will just any policy work for me?

When it comes to choosing the right insurance coverage for your vehicles, there really is no best way to insure your cars. Every insured’s situation is different.

These are some specific questions can help discover whether your personal situation would benefit from an agent’s advice.

  • Am I covered if I wreck a rental car?
  • Should I drop comprehensive coverage on older vehicles?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Can I afford to buy a different vehicle if my 1994 Ford Mustang is totaled?
  • How can I find cheaper teen driver insurance?
  • Should I buy only the required minimum liability coverage?
  • When do I need to add a new car to my policy?
  • Will filing a claim cost me more?
  • Is a blown tire covered by insurance?
  • Where can I find DUI or SR-22 insurance?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an agent. To find lower rates from a local agent, fill out this quick form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Detailed coverages of your insurance policy

Learning about specific coverages of insurance can be of help when determining which coverages you need and proper limits and deductibles. The terms used in a policy can be impossible to understand and coverage can change by endorsement.

Comprehensive coverages – Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like falling objects, vandalism, fire damage and hitting a bird. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured and underinsured coverage – Your UM/UIM coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as damage to your 1994 Ford Mustang.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Coverage for liability – This coverage protects you from injuries or damage you cause to a person or their property. It protects you from claims by other people. Liability doesn’t 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. Your policy might show values of 100/300/100 that means you have $100,000 bodily injury coverage, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage pays for things such as repair costs for stationary objects, legal defense fees, bail bonds and court costs. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Coverage for medical payments – Med pay and PIP coverage pay for short-term medical expenses such as funeral costs, prosthetic devices and doctor visits. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Collision coverages – This pays to fix your vehicle from damage from colliding with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like rolling your car, scraping a guard rail, sideswiping another vehicle, hitting a mailbox and backing into a parked car. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.