2001 Ford Mustang Car Insurance Quotes – 5 Tips for Cheaper Rates

Are you overwhelmed by the sheer number of insurance choices that you can choose from? vehicle owners have so many choices available that it can easily become a big hassle to find lower insurance rates.

Finding the best rates is easy if you know what you’re doing. In a nutshell, every driver who is shopping for auto insurance will most likely be able to reduce their rates. But car owners should learn the way companies sell insurance online and use this information to your advantage.

Are you earning every discount?

Insurance is neither fun to buy or cheap, but you might be missing out on some discounts that may help make it more affordable. Certain reductions will be credited at the time of quoting, but a few need to be specifically requested before you get the savings.

  • Accident Forgiveness Coverage – but certain companies will let one accident slide before they charge you more for coverage as long as you don’t have any claims before the accident.
  • Home Ownership Discount – Just being a homeowner may trigger a policy discount on insurance since owning and maintaining a home demonstrates responsibility.
  • 55 and Retired – Drivers over the age of 55 may receive a discount up to 10% for Mustang insurance.
  • Theft Deterent – Vehicles that have factory alarm systems and tracking devices are stolen with less frequency and earn discounts up to 10% off your car insurance quote.
  • Pay Now and Pay Less – If paying your policy premium upfront instead of monthly or quarterly installments you could save up to 5%.

Discounts lower rates, but some of the credits will not apply the the whole policy. Some only apply to individual premiums such as comp or med pay. If you do the math and it seems like you can get free auto insurance, insurance companies aren’t that generous.

The best insurance companies and their possible discounts include:

  • American Family policyholders can earn discounts including air bags, mySafetyValet, early bird, good driver, defensive driver, TimeAway discount, and bundled insurance.
  • Nationwide includes discounts for accident-free, anti-theft, multi-policy, easy pay, good student, and Farm Bureau membership.
  • MetLife offers premium reductions for claim-free, accident-free, good student, defensive driver, multi-policy, and good driver.
  • 21st Century offers discounts for early bird, homeowners, air bags, driver training, and anti-lock brakes.
  • Farmers Insurance discounts include early shopping, business and professional, youthful driver, pay in full, bundle discounts, mature driver, and distant student.
  • Allstate has savings for safe driver, utility vehicle, passive restraint, FullPay discount, auto/life discount, and good student.

If you need lower rates, check with each company how many discounts you can get. Some discounts may not apply to policyholders in your area. For a list of companies that offer some of these discounts, follow this link.

When in doubt talk to an agent

When buying adequate coverage, there really is not a single plan that fits everyone. Everyone’s needs are different.

For instance, these questions could help you determine whether or not you might need professional guidance.

  • How much liability coverage do I need in my state?
  • How many claims can I have before being cancelled?
  • Do I have coverage for damage caused while driving under the influence?
  • Exactly who is provided coverage by my policy?
  • Why do I only qualify for high-risk insurance?
  • Does my 2001 Ford Mustang qualify for pleasure use?
  • Why am I required to buy liability insurance?
  • Are there companies who specialize in insuring high-risk drivers?
  • How high should my uninsured/underinsured coverage be in my state?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with a licensed insurance agent. To find an agent in your area, fill out this quick form.

Insurance specifics

Knowing the specifics of a insurance policy aids in choosing the best coverages and proper limits and deductibles. Policy terminology can be confusing and coverage can change by endorsement.

Protection from uninsured/underinsured drivers

This provides protection from other motorists when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.

Medical expense insurance

Coverage for medical payments and/or PIP reimburse you for immediate expenses for EMT expenses, rehabilitation expenses and ambulance fees. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. It covers both the driver and occupants as well as being hit by a car walking across the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Liability coverage

Liability insurance will cover damage that occurs to other’s property or people that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 50/100/50 that translate to a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage protects against things such as repair bills for other people’s vehicles, court costs and medical services. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as high a limit as you can afford.

Comprehensive (Other than Collision)

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things like rock chips in glass, a tree branch falling on your vehicle and a broken windshield. The maximum payout your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision coverage protection

Collision insurance covers damage to your Mustang from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like sustaining damage from a pot hole, scraping a guard rail and colliding with a tree. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. You can also choose a higher deductible to bring the cost down.

One last thing about your coverage

Drivers change insurance companies for any number of reasons including being labeled a high risk driver, delays in paying claims, an unsatisfactory settlement offer and even poor customer service. It doesn’t matter why you want to switch finding a new insurance company is not as hard as you think.

You just learned a lot of information how to compare 2001 Ford Mustang insurance prices online. The key thing to remember is the more rate quotes you have, the higher your chance of finding affordable car insurance. Consumers could even find that the lowest priced insurance comes from a lesser-known regional company.

Affordable 2001 Ford Mustang insurance can be found both online and from local agencies, so you should compare both to have the best selection. A few companies don’t offer internet price quotes and usually these regional carriers only sell coverage through independent insurance agencies.

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