2015 Ford Mustang Insurance Rates – 8 Tips for Cheapest Quotes

When looking for more affordable insurance, are you baffled by the dozens of car insurance companies? There are so many companies to choose from that it can quickly become a burden to find lower prices.

It’s important to compare premium rates occasionally because rates are adjusted regularly by insurance companies. If you had the lowest rate for Mustang insurance a few years ago you can probably find a better price now. There are lots of tips to save on car insurance on the web, but in a few minutes you can learn a bunch of ideas how to lower your car insurance bill.

If you have car insurance now, you will be able to reduce your rates substantially using these techniques. Shopping for the cheapest insurance is quite easy. Although consumers must understand the methods companies use to determine prices and use this information to your advantage.

How much does insurance coverage cost?

When comparison shopping, there are several ways to compare rate quotes from lots of insurance coverage companies. The fastest way to find affordable Ford Mustang insurance rates involves getting comparison quotes online. This can be accomplished by using one of the methods below.

1. The fastest way to get the best comparison quotes is a comparison rater form click here to open form in new window. This style of form saves time by eliminating separate quote forms for each price estimate. Taking the time to complete one form will get you price quotes from multiple low-cost companies.It’s the quickest way to get rates.
2. A more time consuming way to find better pricing is going to each company website and go through the quote process again. For example, let’s say you want to see prices from Liberty Mutual, 21st Century and Allstate. You would need to spend time on each company’s site and type in your information over and over, which is why most consumers use the first method. For a list of companies in your area, click here.

The method you choose is up to you, but be sure to compare the same coverages and limits for each quote you get. If you compare different values for each quote you will not be able to make a fair rate comparison. Quoting even small variations in coverages could skew the results. Just remember that obtaining a wide range of quotes helps locate a better price.

Auto insurance rates and discounts

Companies offering auto insurance don’t list all available discounts very well, so the list below contains a few of the more common and the more hidden discounts that you can inquire about if you buy insurance coverage online.

• Own a Home – Just being a homeowner may earn you a small savings because of the fact that having a home is proof of financial responsibility.
• Drive Safe and Save – Drivers who avoid accidents can save as much as half off their rates for Mustang insurance than less cautious drivers.
• Seat Belt Usage – Forcing all vehicle occupants to wear their seat belts can save up to 15% on the medical payments or PIP coverage costs.
• Pay Early and Save – By making one initial payment instead of making monthly payments you could save up to 5%.
• ABS and Traction Control Discounts – Vehicles with ABS and/or traction control can reduce accidents so you can save 10 percent or more.
• Multi-Vehicle Discounts – Purchasing coverage when you have primary and secondary vehicles on one policy could earn a price break for each car.
• Bundle and Save – When you combine your auto and home insurance with one company you could get a discount of up to 20% off your total premium.
• Paperwork-free – Some insurance companies will give you a small discount get insurance coverage on the web.

Don’t be shocked that most of the big mark downs will not be given to the overall cost of the policy. Some only apply to individual premiums such as physical damage coverage or medical payments. So when it seems like all the discounts add up to a free policy, companies wouldn’t make money that way. Any amount of discount will help lower the premium cost.

To see a list of providers that have a full spectrum of discounts, click this link.

Situations that may require an agent’s advice

When choosing adequate coverage, there is no one size fits all plan. Each situation is unique.

Here are some questions about coverages that can aid in determining if you may require specific advice.

• Should I bundle my homeowners policy with my auto?
• At what point should I drop full coverage?
• What is the difference between comprehensive and collision coverage?
• Is my teen driver covered when they drive my company car?
• What exactly is covered by my policy?
• Can I drive in Mexico and have coverage?

If you can’t answer these questions then you might want to talk to a licensed agent. If you don’t have a local agent, simply complete this short form.

What insurance coverages do you need?

Knowing the specifics of insurance aids in choosing the best coverages for your vehicles. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.

Coverage for liability

This coverage will cover damages or injuries you inflict on people or other property that is your fault. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Some companies may use one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability can pay for things like repair bills for other people’s vehicles, structural damage and loss of income. How much liability should you purchase? That is your choice, but buy as large an amount as possible.

Comprehensive coverage

This coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for things like rock chips in glass, vandalism, hitting a deer, falling objects and damage from getting keyed. The most a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things such as sideswiping another vehicle, damaging your car on a curb, backing into a parked car, crashing into a ditch and hitting a parking meter. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to raise the deductible to bring the cost down.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage gives you protection when other motorists do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your 2015 Ford Mustang.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Usually these coverages are similar to your liability insurance amounts.

Medical payments coverage and PIP

Med pay and PIP coverage kick in for bills like dental work, rehabilitation expenses and surgery. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and may carry a deductible