Trying to find cheaper insurance rates for your Ford Mustang? Nobody that owns a car loves paying for insurance, especially knowing the price is too high. Drivers have multiple car insurance companies to pick from, and even though it’s nice to be able to choose, lots of choices makes it harder to get the best deal.
You need to compare rates before your next renewal because insurance prices trend upward over time. Even if you got the lowest rates for Mustang coverage a year ago you may be paying too much now. Forget anything you know (or think you know) about insurance because I’m going to let you in on the secrets to how to quote online to lower your rates without sacrificing coverage.
Getting more affordable 2011 Ford Mustang insurance pricing is an easy way to save money. Drivers just need to spend a few minutes to get quotes online with multiple companies. This is very easy and can be done by following the guidelines below.
Whichever way you use, do your best to enter equivalent coverages on every price quote you get. If you use different data it’s impossible to decipher which rate is best.
Auto insurance companies do not list their entire list of discounts in a way that’s easy to find, so we researched a few of the more well known and the more hidden credits available to you. If they aren’t giving you every credit you deserve, you could be getting lower rates.
Drivers should understand that most of the big mark downs will not be given the the whole policy. Some only reduce the price of certain insurance coverages like collision or personal injury protection. Even though the math looks like you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.
Auto insurance companies that may offer policyholders these discounts are:
Before buying, ask every prospective company to apply every possible discount. Discounts may not apply to policyholders in your area. For a list of insurers that offer many of these discounts, click here to view.
When it comes to choosing the best auto insurance coverage for your vehicles, there really is not a perfect coverage plan. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. These are some specific questions can help discover whether or not you might need an agent’s assistance.
If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.
Knowing the specifics of your policy aids in choosing the best coverages and the correct deductibles and limits. Insurance terms can be confusing and nobody wants to actually read their policy. Shown next are the usual coverages offered by insurance companies.
Collision protection
This covers damage to your Mustang resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.
Collision insurance covers claims such as hitting a parking meter, crashing into a ditch, colliding with a tree and rolling your car. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.
Auto liability
Liability coverage protects you from damage that occurs to other people or property. This coverage protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 100/300/100 that means you have $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Another option is one number which is a combined single limit which combines the three limits into one amount without having the split limit caps.
Liability insurance covers things such as funeral expenses, repair costs for stationary objects, repair bills for other people’s vehicles and pain and suffering. How much liability coverage do you need? That is a personal decision, but you should buy higher limits if possible.
Uninsured and underinsured coverage
Your UM/UIM coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and damage to your 2011 Ford Mustang.
Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Coverage for medical payments
Med pay and PIP coverage pay for immediate expenses for funeral costs, pain medications, rehabilitation expenses, EMT expenses and surgery. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay
Comprehensive coverages
Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive can pay for claims like damage from getting keyed, rock chips in glass, hitting a deer, hitting a bird and fire damage. The maximum payout your insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
As you shop your coverage around, it’s not a good idea to skimp on critical coverages to save a buck or two. In too many instances, an insured cut collision coverage and learned later that the few dollars in savings costed them thousands. Your strategy should be to purchase a proper amount of coverage at a price you can afford, but don’t skip important coverages to save money.
Some insurance providers may not provide the ability to get a quote online and usually these small, regional companies sell through independent insurance agencies. Cheaper auto insurance can be purchased on the web and from local insurance agents, and you need to comparison shop both so you have a total pricing picture.
Additional information is available at the links below