Cheap 1999 Ford Mustang SVT Cobra Insurance Cost

Looking for cheaper insurance rates for your Ford Mustang SVT Cobra? I can’t think of anyone who rejoices having to buy insurance, in particular when the prices are way too high.

Due to the increasing number of insurance companies to choose from, it can be impossible to pick the best insurance provider.

The fastest way that we advise to compare car insurance company rates is to know the trick auto insurance companies actually pay money for the chance to compare rate quotes. All you need to do is provide a little information such as if you have an active license, if you lease or own, if it has an anti-theft system, and how many miles driven. Those rating factors gets transmitted to insurance companies and they return quotes instantly to find the best rate.

Advertising myths

Big name companies like 21st Century, Allstate and State Farm seem to constantly run ads on TV and radio. All the ads advertise the message about how much you will save if you switch to their company. How does every company have lower policy pricing? It’s all in the wording.

All the different companies quote their best rates for the type of driver that earns them the most money. For instance, a preferred risk may need to be over the age of 45, has no tickets, and drives a car with an anti-theft system. A driver that matches those criteria may get the lowest premium rates and is almost guaranteed to save some money.

Drivers who may not quite match those criteria will probably be forced to pay higher premiums which translates to business going elsewhere. The ad wording is “people who switch” not “all people who quote” save that kind of money. That’s the way insurance companies can confidently make claims that they all have the best rates.

Because of these techniques, you need to compare quotes as often as possible. It is just not possible to predict which insurance companies will provide the lowest prices.

Why your insurance prices might be higher

An important part of buying insurance is that you know some of the elements that go into determining the rates you pay for insurance. If you understand what controls the rates you pay, this enables informed choices that could help you find lower premium levels.

Listed below are a few of the “ingredients” used by your company to calculate your rate level.

  • Drive less and pay lower prices – Driving more miles in a year’s time the higher the price you pay to insure it. Most insurance companies apply a rate based upon how the vehicle is primarily used. Vehicles that have low annual miles can be on a lower rate level than those that get driven frequently. Having an incorrect usage rating on your Mustang SVT Cobra may be wasting your money. It’s a smart idea to ensure your insurance coverage is showing how each vehicle is driven.
  • Consolidate policies with the same company – Most insurance companies will give better rates for people who have multiple policies with them in the form of a multi-policy discount. Even if you already get this discount, consumers should still shop around to ensure the best deal. Drivers may still find better rates even if you have your coverage with different companies
  • Don’t abuse insurance claims – Auto insurance companies generally give the lowest premiums to people who file claims infrequently. If you tend to file frequent claims, you can expect either policy cancellation or increased premiums. Your insurance policy is intended for the bigger claims that can’t be paid out-of-pocket.
  • High deductibles reduce costs – Deductibles for physical damage define how much you are required to spend in the event of a claim. Insurance for physical damage to your car, aka comp and collision, is used to repair damage to your car. Some instances where coverage would apply would be collision with another vehicle, damage caused by hail, and damage caused by road hazards. The more expense the insured has to pay upfront, the lower your rates will be for Mustang SVT Cobra coverage.

Do you qualify for discounts?

Auto insurance can be pricey, but you may be missing some discounts that can help lower your rates. Larger premium reductions will be automatically applied at the time of quoting, but lesser-known reductions have to be manually applied prior to receiving the credit.

  • Driver Education Discount – Make teen driver coverage more affordable by requiring them to enroll in driver’s education in high school.
  • Accident Forgiveness Coverage – This one is not really a discount per se, but companies like State Farm and Allstate permit an accident before they charge you more for coverage if you are claim-free for a set time period.
  • Drive Safe and Save – Drivers who avoid accidents can get discounts for up to 45% lower rates for Mustang SVT Cobra coverage than drivers with accidents.
  • Clubs and Organizations – Joining a civic or occupational organization is a good way to get lower rates on your policy.
  • Multi-Vehicle Discounts – Insuring all your vehicles on one policy qualifies for this discount.
  • Student in College – who are enrolled in a college that is more than 100 miles from home and do not have access to a covered vehicle can be insured at a reduced rate.
  • Early Renewal Discounts – A few companies allow discounts for switching companies prior to your current policy expiring. You can save around 10% with this discount.
  • Government Employee Discount – Active or former government employment could provide a small rate reduction for Mustang SVT Cobra coverage with some auto insurance companies.
  • Safety Course Discount – Participating in a course in defensive driving could earn you a small percentage discount depending on where you live.
  • Bundle and Save – When you have multiple policies and insure them with the same company you may earn 10% to 20% off each policy.

A quick disclaimer, some of the credits will not apply to the entire policy premium. Some only reduce individual premiums such as collision or personal injury protection. So even though it sounds like having all the discounts means you get insurance for free, companies wouldn’t make money that way.

A list of companies and some of the discounts include:

  • Esurance has savings for anti-lock brakes, DriveSense, emergency road assistance, renters, multi-policy, defensive driver, and online shopper.
  • The Hartford offers discounts for vehicle fuel type, anti-theft, defensive driver, driver training, good student, and bundle.
  • AAA includes discounts for education and occupation, multi-car, anti-theft, good student, multi-policy, good driver, and AAA membership discount.
  • Geico has discounts for seat belt use, anti-theft, daytime running lights, good student, five-year accident-free, military active duty, and federal employee.
  • State Farm offers discounts including safe vehicle, good student, student away at school, anti-theft, defensive driving training, and driver’s education.

If you need low cost auto insurance quotes, ask each company or agent how many discounts you can get. Depending on the company, some discounts might not be available to policyholders everywhere.

Don’t assume everyone needs the same insurance coverage coverage

When it comes to choosing adequate coverage, there really is not a single plan that fits everyone. Each situation is unique and your policy should reflect that. Here are some questions about coverages that could help you determine whether your personal situation might need an agent’s assistance.

  • Am I covered when driving someone else’s vehicle?
  • Who is covered when they drive my 1999 Ford Mustang SVT Cobra?
  • What discounts do I qualify for?
  • Am I covered when driving on a suspended license?
  • Do I need PIP coverage since I have good health insurance?
  • How much liability coverage do I need in my state?
  • Does my insurance cover my expensive audio equipment?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Does my 1999 Ford Mustang SVT Cobra qualify for pleasure use?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.

Learn about insurance coverages for a Ford Mustang SVT Cobra

Understanding the coverages of your insurance policy helps when choosing appropriate coverage and proper limits and deductibles. Policy terminology can be difficult to understand and reading a policy is terribly boring. Below you’ll find typical coverage types available from insurance companies.

Liability car insurance – Liability insurance can cover damages or injuries you inflict on other’s property or people in an accident. This coverage protects you against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for claims such as legal defense fees, medical expenses, repair costs for stationary objects and funeral expenses. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your 1999 Ford Mustang SVT Cobra.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually these coverages are set the same as your liablity limits.

Comprehensive insurance – Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as damage from flooding, hail damage, hitting a bird and damage from a tornado or hurricane. The highest amount a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses like prosthetic devices, funeral costs, EMT expenses and ambulance fees. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. It covers you and your occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Collision coverages – Collision insurance pays for damage to your Mustang SVT Cobra resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like hitting a parking meter, driving through your garage door and crashing into a building. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.

Cheaper insurance is a realistic goal

As you quote auto insurance, don’t be tempted to skimp on coverage in order to save money. There are too many instances where consumers will sacrifice comprehensive coverage or liability limits and found out when filing a claim that the small savings ended up costing them much more. Your strategy should be to find the BEST coverage for the lowest price but still have enough coverage for asset protection.

Discount 1999 Ford Mustang SVT Cobra insurance is possible both online as well as from independent agents, so you should compare both to get a complete price analysis. Some insurance coverage companies may not have online quoting and these smaller companies only sell through independent insurance agencies.

You just read a lot of techniques to get a better price on 1999 Ford Mustang SVT Cobra insurance. The most important thing to understand is the more you quote auto insurance, the better chance you’ll have of finding the cheapest auto insurance. You may even find the most savings is with an unexpected company. Regional companies may have significantly lower prices on certain market segments as compared to the big name companies such as State Farm, Geico and Nationwide.

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