Compare 2012 Ford Mustang Car Insurance Rates

Trying to find cheaper insurance for a Ford Mustang can normally be an all-consuming task, but you can learn our insurance buying tips to make it easier.

There are more efficient ways to shop for insurance and you need to know the quickest way to quote coverages for your Ford and obtain the lowest possible price from both online companies and local agents.

Consumers need to price shop coverage before your next renewal because prices are constantly changing. Just because you found the best quotes for Mustang insurance a couple years back there is a good chance you can find better rates now. There are a lot of ways to save on insurance out there, but you can learn some great ideas on how to buy insurance cheaper.

If you are insured now or are looking for a new policy, you can learn to reduce the price you pay while maintaining coverages. Pricing the cheapest coverage is simple if you know the tricks. Consumers just need to know the best way to compare price quotes online.

How much does car insurance cost?

Lowering your 2012 Ford Mustang car insurance rates is a fairly straight forward process. You just have to spend a little time comparing rate quotes to find. You can get a good selection of rate quotes in a couple of different ways.

One of the fastest ways to find the lowest comparison rates is a comparison rater form (click to open form in new window). This method saves time by eliminating boring form submissions for every car insurance company. One quote request compares rates instantly. This is perfect if you don’t have a lot of time.

A less efficient way to shop for car insurance online requires a trip to each company website and fill out their own quote form. For instance, we’ll assume you want to get rates from Progressive, Safeco and Farmers. You would need to take the time to go to each site and enter your information, which is why the first method is more popular. For a handy list of car insurance company links in your area, click here.

Whichever method you choose, make sure you use the exact same deductibles and coverage limits on every quote you get. If each company quotes different values for each quote it will be very difficult to find the best deal for your Ford Mustang.

Take policy discounts and save

Properly insuring your vehicles can get expensive, but there’s a good chance there are discounts to reduce the price significantly. Larger premium reductions will be automatically applied at quote time, but some may not be applied and must be requested specifically in order for you to get them.

  • Defensive Driver Discount – Participating in a class that teaches defensive driver techniques could save 5% or more and also improve your driving technique.
  • Good Grades Discount – Being a good student may save you up to 25%. Many companies even apply the discount to college students until age 25.
  • Buy New and Save – Buying a new car model can cost up to 25% less since new vehicles are generally safer.
  • Professional Memberships – Participating in a qualifying organization may earn a discount on your policy.
  • Senior Citizen Rates – If you’re over the age of 55, you may be able to get a slight reduction on a insurance coverage quote for Mustang insurance.
  • Discounts for Federal Employees – Having worked for a branch of the government can earn a discount up to 10% for Mustang insurance with certain companies.

We need to note that many deductions do not apply to all coverage premiums. Most only cut the price of certain insurance coverages like physical damage coverage or medical payments. So despite the fact that it appears you would end up receiving a 100% discount, insurance companies wouldn’t stay in business. But all discounts should definitely cut your car insurance premiums.

Large car insurance companies and a summarized list of policyholder discounts are:

  • State Farm has discounts for multiple policy, anti-theft, Drive Safe & Save, safe vehicle, and student away at school.
  • American Family has savings for accident-free, Steer into Savings, mySafetyValet, defensive driver, good driver, and bundled insurance.
  • AAA includes discounts for education and occupation, good student, multi-car, good driver, multi-policy, and anti-theft.
  • Geico policyholders can earn discounts including five-year accident-free, daytime running lights, military active duty, anti-lock brakes, emergency military deployment, good student, and multi-policy.
  • Mercury Insurance offers discounts for accident-free, multi-car, anti-theft, low natural disaster claims, multi-policy, age of vehicle, and professional/association.
  • Farmers Insurance offers premium reductions for teen driver, switch companies, bundle discounts, youthful driver, and good student.
  • Progressive may include discounts for homeowner, continuous coverage, good student, multi-vehicle, online signing, multi-policy, and online quote discount.

Before you buy a policy, ask all companies you are considering which discounts they offer. Some discounts listed above may not apply to policies in your area. To choose companies with the best car insurance discounts, click here to view.

Which policy gives me the best coverage?

When choosing the best insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Your needs are not the same as everyone else’s.

For example, these questions can aid in determining whether or not you might need professional guidance.

  • How much liability do I need to cover my assets?
  • How high should deductibles be on a 2012 Ford Mustang?
  • What are the financial responsibility laws in my state?
  • Is there coverage for injuries to my pets?
  • Should I rate my 2012 Ford Mustang as pleasure use or commute?
  • Is my custom paint covered by insurance?
  • What discounts do I qualify for?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form. It’s fast, free and can help protect your family.

Smart consumers save on insurance

Many factors are part of the equation when quoting car insurance. Some factors are common sense such as your driving record, although others are not as apparent like your continuous coverage and annual miles driven.

The itemized list below are a few of the things used by companies to determine premiums.

  • Tickets hurt – Even a single ticket can increase the cost of insurance by as much as thirty percent. Attentive drivers get better rates than their less careful counterparts. Drivers who have gotten careless tickets like hit and run, DWI or reckless driving convictions may be required to prove financial responsibility with their state’s department of motor vehicles in order to legally drive a vehicle.
  • Vehicle features that cut rates – Buying a car with a theft deterrent system can get you a discount on your auto insurance. Anti-theft features like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems help track and prevent your car from being stolen.
  • The more you drive the more you pay – The higher the mileage driven annually the higher your rates will be. Almost all companies charge rates based on how the vehicle is used. Cars that sit idle most of the time get more affordable rates than those that get driven frequently. Incorrect rating for your Mustang may be wasting your money. Make sure your policy reflects the right rating data, because improper ratings can cost you money.
  • Liability is peace of mind – A critical coverage on your policy, liability insurance will afford coverage if you are ruled to be at fault for damages caused by your negligence. Liability insurance provides you with a defense in court to defend your case. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so drivers should carry high limits.
  • You might get higher rates if you are single – Getting married actually saves money on your auto insurance policy. Having a spouse generally demonstrates drivers are more mature and responsible and statistics prove married couples file fewer claims.
  • Men drivers tend to cost more – Over the last 50 years, statistics have shown that men are more aggressive behind the wheel. That doesn’t necessarily mean that males are worse at driving than females. Both genders cause at-fault accidents at about the same rate, but men have accidents that have higher claims. Men also statistically get higher numbers of serious violations like reckless driving and DUI.
  • Occupation and insurance rates – Occupational choices like fire fighters, architects and financial analysts usually pay higher rates than average because of intense work requirements and extremely grueling work hours. Conversely, jobs such as actors, athletes and retirees generally pay rates lower than average for Mustang insurance.

Auto insurance coverage breakdown

Knowing the specifics of auto insurance can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Liability coverage – This coverage protects you from injuries or damage you cause to other people or property by causing an accident. It protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 50/100/50 that translate to $50,000 bodily injury coverage, $100,000 for the entire accident, and property damage coverage for $50,000. Another option is a combined limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for claims like repair costs for stationary objects, pain and suffering, structural damage and funeral expenses. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Collision coverage – This coverage will pay to fix damage to your Mustang resulting from a collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things such as scraping a guard rail, driving through your garage door, damaging your car on a curb, backing into a parked car and crashing into a ditch. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to increase the deductible to save money on collision insurance.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills like chiropractic care, EMT expenses and funeral costs. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible

Comprehensive coverages – This coverage covers damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like hitting a bird, damage from a tornado or hurricane, fire damage, damage from getting keyed and theft. The most you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Uninsured and underinsured coverage – This coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries as well as damage to your Ford Mustang.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Most of the time these limits are similar to your liability insurance amounts.

A penny saved is a penny earned

Affordable 2012 Ford Mustang insurance is available online in addition to many insurance agents, so get free insurance coverage quotes from both of them in order to have the best price selection to choose from. A few companies may not provide price quotes online and most of the time these regional carriers prefer to sell through local independent agencies.

When trying to cut insurance costs, it’s very important that you do not buy poor coverage just to save money. Too many times, drivers have reduced uninsured motorist or liability limits and learned later that it was a big mistake. The ultimate goal is to purchase a proper amount of coverage for the lowest price, but do not sacrifice coverage to save money.

You just learned many ideas to get a better price on 2012 Ford Mustang insurance. The key thing to remember is the more providers you compare, the better your comparison will be. Drivers may discover the best price on car insurance is with a smaller regional carrier.

More tips and info about car insurance is available in the articles below: