Cheaper 1995 Ford Mustang SVT Cobra Car Insurance Rates

Searching for better insurance rates for your Ford Mustang SVT Cobra? Locating better insurance prices for a new or used Ford Mustang SVT Cobra can turn out to be a lot of work, but you can use these tips to save time.

There is a better way to shop for insurance so you’re going to learn the best way to get price quotes for a Ford and locate the lowest possible price from local insurance agents and online providers.

Compare auto insurance rate quotes online

Cutting your auto insurance rates can be quick and easy. Just take a couple of minutes to get quotes provided by online insurance companies. It’s really simple and can be done in several different ways.

  1. One of the fastest ways to find the lowest comparison rates is to use a rate comparison form like this one (opens in new window). This form saves time by eliminating repetitive form entry for every company. One form gets rate comparisons from auto insurance companies with the best prices. This is perfect if you don’t have a lot of time.
  2. A different way to analyze rates requires a trip to each company’s website and fill out their own quote form. For sake of this example, we’ll assume you want to see prices from Farmers, Safeco and GMAC. To get rate quotes you would need to spend time on each company’s site and enter your policy data, and that’s why the first method is more popular. For a handy list of car insurance company links in your area, click here.

However you get your quotes, ensure you are comparing exactly the same coverage data with every price quote. If you have differing limits you will not be able to determine the lowest rate for your Ford Mustang SVT Cobra.

Your insurance coverage should be tailored to you

When buying adequate coverage for your personal vehicles, there is no perfect coverage plan. Every insured’s situation is different.

For example, these questions could help you determine whether or not you would benefit from an agent’s advice.

  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Am I covered when driving someone else’s vehicle?
  • Should I rate my 1995 Ford Mustang SVT Cobra as pleasure use or commute?
  • Am I covered when delivering products for my home-based business?
  • Are my friends covered when driving my car?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It is quick, free and you can get the answers you need.

Auto insurance coverage considerations

Having a good grasp of auto insurance can be of help when determining appropriate coverage for your vehicles. Auto insurance terms can be confusing and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage provides protection from other drivers when they do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your Ford Mustang SVT Cobra.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Frequently these coverages are identical to your policy’s liability coverage.

Liability coverages – This provides protection from damage that occurs to people or other property by causing an accident. This coverage protects you against claims from other people. It does not cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Alternatively, you may have a combined limit which combines the three limits into one amount without having the split limit caps.

Liability coverage protects against claims such as emergency aid, medical services, medical expenses and attorney fees. The amount of liability coverage you purchase is a personal decision, but buy as large an amount as possible.

Comprehensive coverage – This pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as damage from a tornado or hurricane, hitting a deer, a tree branch falling on your vehicle and hail damage. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for things like rehabilitation expenses, dental work and EMT expenses. They are used to fill the gap from your health insurance plan or if there is no health insurance coverage. They cover all vehicle occupants and will also cover being hit by a car walking across the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision coverage – This coverage pays to fix your vehicle from damage caused by collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as damaging your car on a curb, scraping a guard rail and rolling your car. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to increase the deductible to save money on collision insurance.