1998 Ford Mustang Insurance Cost

Finding cheaper insurance for your Ford Mustang can be a painful process, but you can learn a few tricks to make it easier. There are both good and bad ways to buy insurance coverage and we’ll show you the absolute fastest way to quote coverages for a new or used Ford and find the best price possible either online or from local insurance agents.

You should make it a habit to get comparison quotes once or twice a year since rates change quite often. Despite the fact that you may have had the best premium rates on Mustang coverage six months ago you can probably find a better price now. You can search a lot of insurance coverage on the web, but we’re going to give you some tested techniques to lower your insurance coverage rates.

Quote auto insurance online

Getting a low cost price on 1998 Ford Mustang insurance doesn’t have to be difficult. You just need to spend a few minutes to compare free auto insurance quotes from some recommended companies. It is quite easy and can be accomplished in several different ways.

  • The recommended way to get quotes for comparison is a comparison rater form like this one (opens in new window). This type of form saves time by eliminating a different quote for each company you want a rate for. Completing one form gets you price quotes from all major companies. This is perfect if you don’t have a lot of time.
  • A harder way to compare prices requires you to visit each company’s website and complete a new quote form. For sake of this example, let’s assume you want to view quotes from Farmers, Progressive and GMAC. In order to compare rates, you need to spend time going to each site individually to input your insurance information, which can be really labor intensive.

    For a list of links to companies insuring cars in your area, click here.

The approach you take is up to you, just be sure to compare nearly identical quote information for each quote you get. If the quotes have higher or lower deductibles it will be nearly impossible to determine which rate is truly the best.

Your insurance coverage coverage should be tailored to you

When buying the best insurance coverage coverage, there really is no single plan that fits everyone. Everyone’s situation is a little different.

For instance, these questions can help discover if you might need an agent’s assistance.

  • Is other people’s property covered if stolen from my vehicle?
  • How much liability coverage do I need in my state?
  • What is the ISO rating for a 1998 Ford Mustang?
  • When does my teenage driver need to be added to my policy?
  • When should I drop full coverage on my 1998 Ford Mustang?
  • Are rock chip repairs covered?
  • What if I owe more than I can insure my car for?

If you can’t answer these questions, you might consider talking to an insurance agent. To find an agent in your area, complete this form. It only takes a few minutes and can provide invaluable advice.

Coverage specifics

Knowing the specifics of insurance can be of help when determining appropriate coverage and the correct deductibles and limits. Policy terminology can be confusing and coverage can change by endorsement.

Medical expense coverage

Coverage for medical payments and/or PIP provide coverage for expenses such as X-ray expenses, prosthetic devices and chiropractic care. They are often used in conjunction with a health insurance program or if you are not covered by health insurance. Coverage applies to all vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is very important.

Auto liability

Liability coverage provides protection from damages or injuries you inflict on other people or property that is your fault. This insurance protects YOU against other people’s claims, and doesn’t cover your injuries or vehicle damage.

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. As an example, you may have liability limits of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability can pay for claims like structural damage, repair bills for other people’s vehicles, loss of income, repair costs for stationary objects and medical expenses. How much liability coverage do you need? That is a personal decision, but you should buy as high a limit as you can afford.

Collision insurance

This pays for damage to your Mustang resulting from a collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision can pay for claims like rolling your car, crashing into a ditch, colliding with a tree, driving through your garage door and damaging your car on a curb. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Comprehensive protection

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like a tree branch falling on your vehicle, damage from flooding, falling objects and a broken windshield. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.