2003 Ford Mustang Car Insurance Quotes

Did budget coverage turn out to be high-priced car insurance? Don’t feel bad because many consumers feel financially strained by their car insurance policy. Many car insurance companies compete for your insurance dollar, and because of this it can be hard to compare insurance companies and get the best coverage at the best rates possible.

If you have insurance now or are just looking to switch companies, you can use this information to reduce the price you pay while maximizing coverage. Finding affordable coverage is not that difficult. Vehicle owners only need an understanding of the most efficient way to find the lowest price online.

Insurance cost influencing factors

Many things are part of the equation when premium rates are determined. Some of the criteria are obvious like your driving record, although some other factors are not quite as obvious such as whether you are married or how financially stable you are.An important part of buying insurance is that you know some of the elements that play a part in calculating your policy premiums. If you understand what determines premiums, this helps enable you to make changes that can earn you lower insurance prices.

Shown below are some of the factors used by your company to calculate your rate level.

  • How many miles do you drive? – Driving more miles each year the more you’ll pay to insure your vehicle. Many insurance companies price each vehicle’s coverage based on how the vehicle is used. Cars that are left in the garage qualify for better rates than those that get driven frequently. Incorrect rating for your Mustang may be wasting your money. Double check that your insurance declarations sheet properly reflects the right rating data.
  • Don’t skimp on liability – Liability insurance will protect you in the event that a jury decides you are liable for damages caused by your negligence. Liability provides legal defense coverage starting from day one. Liability insurance is pretty cheap compared to physical damage coverage, so insureds should have plenty of protection for their assets.
  • Compare rates if you bundle your policies – The majority of insurers provide better rates to clients who consolidate policies with them such as combining an auto and homeowners policy. Discounts can be ten percent or more. Even with this discount, you still need to comparison shop to ensure the best deal.There is a good possibility that you can save money even if you have your coverage with different companies
  • Insurance rates in urban areas – Having an address in less populated areas of the country may provide you with better prices when talking about insurance. Fewer people translates into fewer accident claims in addition to lower liability claims People in densly populated areas regularly have more road rage incidents and higher rates of accident claims. Higher commute times means a statistically higher chance of an accident.

Insurance coverage companies offer many types of discounts

Car insurance companies don’t list the entire discount list in a way that’s easy to find, so we break down both the well known in addition to some of the lesser obvious credits that may apply to you.

  • Sign Early and Save – Some insurance coverage companies provide a discount for buying a new policy prior to the expiration date on your current policy. This can save 10% or more.
  • Good Grades Discount – A discount for being a good student can be rewarded with saving of up to 25%. Many companies even apply the discount to college students up to age 25.
  • Driver’s Education for Students – Reduce the cost of insurance for teen drivers by having them complete a driver education course as it can save substantially.
  • Multi-car Discount – Purchasing coverage when you have multiple cars with the same insurance coverage company could earn a price break for each car.
  • Discounts for Federal Employees – Federal government employees could provide a small rate reduction for Mustang coverage but check with your company.
  • Multiple Policy Discount – If you can combine your homeowners and auto policy and insure them both with the same insurance company they may give you a discount of approximately 10% to 15%.
  • Seat Belts Save more than Lives – Requiring all passengers to fasten their seat belts can save up to 15% off PIP or medical payments premium.

Just know that most of the big mark downs will not be given the the whole policy. Some only apply to the cost of specific coverages such as comprehensive or collision. Despite the fact that it seems like adding up those discounts means a free policy, you aren’t that lucky.

A list of insurance coverage companies and their possible discounts are shown below.

  • Geico discounts include anti-theft, multi-policy, good student, federal employee, five-year accident-free, and daytime running lights.
  • Mercury Insurance has savings for good student, low natural disaster claims, professional/association, multi-car, and ease of repair.
  • Farmers Insurance includes discounts for bundle discounts, teen driver, homeowner, distant student, and multi-car.
  • Auto-Owners Insurance has discounts for good student, company car, student away at school, paperless, anti-theft, multiple vehicles, and air bags.
  • Liberty Mutual offers discounts including newly married, new vehicle discount, newly retired, hybrid vehicle, exclusive group savings, and new graduate.
  • SAFECO may offer discounts for anti-theft, homeowner, multi-car, teen safety rewards, and bundle discounts.
  • Progressive offers discounts for online quote discount, homeowner, good student, multi-policy, multi-vehicle, and online signing.
  • USAA may have discounts that include safe driver, annual mileage, loyalty savings, family discount, driver training, multi-vehicle, and multi-policy.

When quoting, ask all companies you are considering to apply every possible discount. Some discounts may not apply in your area. To view providers that provide some of the discounts listed above, click here to view.

Do I just need basic coverages?

When buying coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Everyone’s needs are different and a cookie cutter policy won’t apply. For example, these questions may help you determine if you might need professional guidance.

  • I have a DUI can I still get coverage?
  • Am I covered when driving on a suspended license?
  • What can I do if my company won’t pay a claim?
  • Am I covered if I hit my neighbor’s mailbox?
  • Is business property covered if stolen from my car?
  • Can I make deliveries for my home business?

If you don’t know the answers to these questions but a few of them apply, you may need to chat with an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies. It is quick, free and can provide invaluable advice.

What car insurance coverages do you need?

Knowing the specifics of car insurance aids in choosing appropriate coverage and proper limits and deductibles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages offered by car insurance companies.

Collision – Collision coverage covers damage to your Mustang caused by collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things such as colliding with another moving vehicle, crashing into a ditch, scraping a guard rail and sideswiping another vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to get cheaper collision coverage.

Medical expense insurance – Med pay and PIP coverage provide coverage for immediate expenses such as doctor visits, pain medications, prosthetic devices and funeral costs. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Coverage applies to both the driver and occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible

Liability coverage – Liability coverage can cover injuries or damage you cause to other’s property or people. It protects YOU against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Another option is a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers things such as attorney fees, court costs, medical services and funeral expenses. How much coverage you buy is a personal decision, but you should buy as large an amount as possible.

Comprehensive (Other than Collision) – This will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as damage from getting keyed, fire damage, hitting a bird and theft. The most a car insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Protection from uninsured/underinsured drivers – This gives you protection from other motorists when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your 2003 Ford Mustang.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently these coverages are similar to your liability insurance amounts.

Shop around and save

Throughout this article, we presented many ideas to shop for 2003 Ford Mustang insurance online. The most important thing to understand is the more price quotes you have, the better your comparison will be. Consumers may even find the best price on insurance is with the least-expected company. Some small companies can often insure niche markets at a lower cost than their larger competitors like Allstate or State Farm.

Some insurance providers may not offer online rate quotes and most of the time these regional carriers only sell through independent agents. Low-cost 2003 Ford Mustang insurance is possible online in addition to many insurance agents, so you need to compare both in order to have the best price selection to choose from.

Additional insurance information can be read on the following sites: