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Ford Mustang Insurance Rates

You have many choices when shopping for insurance coverage for your Ford vehicle. You can either contact your neighborhood insurance agent or price shop online to compare rates from car insurance companies. Buying car insurance from online rate quotes is simple to do, in addition you will probably save money.

Shopping online for car insurance can be complicated if you have never used online rate quotes. Don't let that stop you because there is an easy way to compare rates. To find the best car insurance prices, there are several ways to get quotes from local car insurance companies. The best method to compare Mustang insurance cost is to get quotes online. This is very easy and can be done by comparing rates here.

Criteria which help determine your insurance rates

Insurance rates for your Ford Mustang will vary greatly subject to many criteria. A few of these criteria are:

  • More performance equals higher cost
  • Your accident history
  • Multiple policies can save money
  • Pleasure, commuting or business use can affect rates
  • Optional coverages like vehicle replacement
  • Your profession
  • Your coverage level
  • Owning a home can lower rates

One last important factor that helps determine the rate you pay on your Ford is the year of manufacture. Older models have a much lower replacement value so the payout to repair can decrease annual premiums. On the flip side, more recent Ford vehicles may have options like a collision avoidance system, forward-collision avoidance, and active head restraints so those may lower rates.

For you to have a better understanding of how much rates will be for your vehicle, select the year of your Mustang from the following list.

Liability insurance - Mustang liability coverage will cover injuries or damage you cause to other's property or people in an accident. Liability insurance covers claims such as funeral expenses, loss of income, and emergency aid. This coverage is usually fairly inexpensive so purchase as much as you can afford.

Collision coverage - Collision insurance will pay to fix damage to your Ford resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. You can also choose a higher deductible to get cheaper Mustang insurance rates.

Comprehensive protection - Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage. The maximum amount a car insurance company will pay at claim time is the market value of your vehicle, so if it's not worth much more than your deductible it's not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage - This coverage protects you and your vehicle's occupants when other motorists are uninsured or don't have enough coverage. Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That's why carrying high Uninsured/Underinsured Motorist coverage is very important.

Medical expense coverage - Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for things like ambulance fees, surgery, and doctor visits. They are often utilized in addition to your health insurance plan or if you lack health insurance entirely. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay.

How Much are Ford Mustang Insurance Rates?