Quick Guide to Buying Coverage Online for a Ford Mustang

Shoppers have lots of choices when shopping for the best price on Ford Mustang insurance. You can either waste hours driving around to get rate comparisons or save time using the internet to make rate comparisons. There are both good and bad ways to compare auto insurance rates and we’ll show you the absolute fastest way to quote coverages for a new or used Ford and locate the cheapest rates either online or from local insurance agents.

Smart consumers take time to check auto insurance prices on a regular basis since insurance rates trend upward over time. Even if you think you had the best price for Mustang insurance a couple years back you can probably find a lower rate today. Forget anything you know (or think you know) about auto insurance because I’m going to let you in on the secrets to the easiest way to find better coverage at a better price.

If you have insurance now or need a new policy, you can use these tips to get lower rates and possibly find even better coverage. The purpose of this article is to help educate you on how to effectively get price quotes and some money-saving tips. Drivers just need to know the most effective way to shop for auto insurance on the web.

Ford Mustang insurance rates have many determining factors

Smart consumers have a good feel for the factors that go into determining auto insurance rates. When you know what positively or negatively controls the rates you pay empowers consumers to make smart changes that could result in better auto insurance rates.

Listed below are some of the factors used by your company to calculate premiums.

  • Men pay higher rates – Statistics have proven that men are more aggressive behind the wheel. That doesn’t necessarily mean that women are BETTER drivers than men. Women and men are in accidents in similar percentages, but the male of the species cause more damage. Men also tend to have more aggressive citations such as reckless driving. Male drivers age 16 to 19 are several times more likely to be in an accident and are penalized with high auto insurance rates.
  • No coverage gaps is important – Allowing your auto insurance policy to lapse will be a sure-fire way to pay more for auto insurance. And not only will your rates increase, but being ticketed for driving with no insurance can result in a license revocation or jail time.
  • Do you have a high stress job? – Did you know your auto insurance rates can be affected by your occupation? Careers like doctors, business owners and dentists are shown to have the highest average rates in part from stressful work requirements and long work days. Other jobs such as actors, historians and homemakers pay the least for Mustang insurance.
  • Multiple policies with one company can save – The majority of companies will award you with lower prices to customers who carry more than one policy, otherwise known as a multi-policy discount. Even if you’re getting this discount it’s in your best interest to compare rates to ensure the best deal.
  • More miles equals more premium – The higher the mileage driven every year the higher your rates will be. Most companies charge to insure your cars determined by how the vehicle is used. Vehicles not used for work or commuting qualify for better rates compared to those used for work or business. Having the wrong rating on your Mustang can cost quite a bit. Ask your agent if your auto insurance declarations sheet is rated on the correct usage for each vehicle.
  • Bump up deductibles to save – Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, is used to repair damage to your Ford. Some examples of claims that would be covered would be a windshield shattered by a rock, damage caused by hail, or theft. Physical damage deductibles are how much you are willing to pay out-of-pocket before your auto insurance pays a claim. The more expense the insured has to pay upfront, the less your company will charge you for insurance for Mustang insurance.
  • Traffic violations increase rates – Whether or not you get tickets has a big impact on rates. Only having one moving violation can increase rates forty percent or more. Good drivers receive lower rates than people who have multiple driving citations. Drivers with severe tickets like DWI, reckless driving or hit and run convictions are required to submit a SR-22 or proof of financial responsibility with their state DMV in order to drive a vehicle legally.
  • Drive a safer car and pay less – Vehicles with high crash test scores are cheaper to insure. Safer cars reduce injuries and better occupant protection translates into fewer and smaller insurance claims and thus lower rates. If your Ford earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.

Low Cost Auto Insurance

All the larger auto insurance companies such as Progressive, GEICO, Allstate and State Farm provide coverage price quotes on their websites. Getting online rates is quite easy as you simply enter the coverages you want into a form. After you complete the form, their rating system automatically retrieves your credit score and driving record and quotes a price based on these factors.

Online price quotes streamlines rate comparisons, but the work required to visit multiple sites and enter the same data into a form is repetitive and time-consuming. Unfortunately, it is important to do this if you want to find a lower rate.

The easiest way to locate the lowest prices requires only one form that analyzes rates from several companies at one time. It saves time, requires much less work on your part, and makes online quotes much more enjoyable and efficient. As soon as the form is sent, it is rated and you can select any one of the resulting price quotes. If you find a better price you can simply submit the application and buy the policy. This process just takes a couple of minutes and may save quite a bit of money.

To fill out one form to compare multiple rates now, simply click here to open in new window and submit your coverage information. If you have your current policy handy, we recommend that you enter the coverages as close as possible to your current policy. Doing this guarantees you will have a price comparison for exact coverage.

Advertising myths

Consumers get pounded daily by advertisements that promise big savings by companies like Progressive, GEICO, Allstate and State Farm. All the companies have a common claim that you can save if you change to them.Auto insurance in

How does each company claim to save you money?

Insurance companies have a certain “appetite” for the type of driver that is profitable for them. For example, a profitable customer could be between 30 and 50, a clean driving record, and chooses high deductibles. Any new insured that hits that “sweet spot” will get the preferred rates and most likely will save quite a bit of money when switching.

Consumers who don’t meet this ideal profile must pay more money and this can result in business not being written. The ads say “people who switch” not “everyone that quotes” save that much money. That is how companies can advertise the way they do. This illustrates why drivers must get a wide range of price quotes. It’s not possible to predict which auto insurance company will fit your personal profile best.

More discounts equal less premium

Auto insurance companies do not advertise every available discount very clearly, so we break down some of the more common and also the lesser-known ways to save on auto insurance. If you’re not getting every credit available, you’re paying more than you need to.

  • Anti-lock Brakes – Vehicles with anti-lock braking systems prevent accidents and will save you 10% or more.
  • Discounts for Safe Drivers – Insureds without accidents can get discounts for up to 45% lower rates for Mustang insurance than less cautious drivers.
  • Seat Belt Usage – Requiring all passengers to buckle their seat belts can save up to 15% off your PIP or medical payments premium.
  • Theft Prevention System – Vehicles with anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
  • Passive Restraints – Vehicles with factory air bags and/or automatic seat belt systems can receive discounts up to 30%.

Drivers should understand that most of the big mark downs will not be given to the entire cost. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. Just because it seems like having all the discounts means you get insurance for free, auto insurance companies aren’t that generous.

For a list of providers who offer auto insurance discounts, click here.

But I want to work with a local agent

A small number of people would prefer to sit down with an agent and that is just fine! Educated insurance agents can point out coverage gaps and help in the event of a claim. One of the great benefits of getting online price quotes is you can get the lowest rates and still have an agent to talk to.

For easy comparison, once you complete this form (opens in new window), your insurance data is immediately sent to local insurance agents who will compete for your business. You never need to even leave your home since price quotes are sent to your email. Now that’s easy!

Picking an insurer requires more thought than just the bottom line cost. Any agent should have no problem answering these questions:

find Mustang insurance

  • Will your rates increase after a single accident?
  • If you are a high risk driver, do they have special markets for your coverage?
  • Can they provide you with a list of referrals?
  • Is vehicle mileage a factor when determining depreciation for repairs?
  • Is the agency involved in supporting local community causes?
  • Does the agency have a good rating with the Better Business Bureau?

If you want to view licensed agents in your state, click here.

After receiving reasonable responses for all questions you ask and locked in a price quote, you may have just found a company that meets your needs to properly service your auto insurance policy.

What is YOUR best insurance company?

As you go through the steps to switch your coverage, don’t be tempted to reduce coverage to reduce premium. There are too many instances where an accident victim reduced liability limits or collision coverage only to discover later that a couple dollars of savings turned into a financial nightmare. The aim is to purchase plenty of coverage at the best price, not the least amount of coverage.

Low-cost Ford Mustang insurance is possible online as well as from independent agents in your state, and you need to comparison shop both in order to have the best chance of saving money. Some insurance providers don’t offer online quoting and these small insurance companies work with independent agents.

We covered a lot of tips how to reduce Ford Mustang insurance prices online. The key concept to understand is the more you quote, the more likely it is that you will get a better rate. Drivers may discover the best prices are with an unexpected company.