Want better insurance rates for your Ford Mustang? Trying to come up with a payment for pricey insurance can diminish your savings and put the squeeze on your family’s finances. Performing a price comparison is free, only takes a few minutes, and is a good way to tighten up your finances.
Lots of car insurance companies contend to insure your vehicles, and because of this it can be hard to compare insurance companies and get the best coverage at the cheapest price
You need to get comparison quotes at least once a year because prices trend upward over time. Just because you found the best deal for Mustang insurance a few years ago the chances are good that you can find a lower rate quote today. Forget all the misinformation about insurance because you’re about to learn how to use online quotes to find better coverage at a better price.
There are several ways of comparing rate quotes from companies that offer car insurance in your state. The best way to comparison shop is to get quotes online. This can be done in a couple minutes as outlined below.
For a handy list of car insurance company links in your area, click here.
The method you choose is up to you, but do your best to enter equivalent coverage information for each price quote. If your comparisons have different liability limits it will be nearly impossible to determine which company has the best rates. Just a small difference in coverages may result in a large different in cost. And when comparison shopping, comparing more rates from different companies will increase your chances of finding more affordable rates. Some companies don’t provide price estimates online, so it’s necessary to compare price estimates from the smaller companies as well.
Car insurance is neither fun to buy or cheap, but there may be some discounts that could help you make your next renewal payment. A few discounts will automatically apply when you quote, but some may not be applied and must be asked about before being credited.
As a sidenote, most of the big mark downs will not be given to the entire cost. Most only reduce specific coverage prices like comp or med pay. Just because you may think all those discounts means the company will pay you, you won’t be that lucky. Any amount of discount will definitely reduce your car insurance premiums.
If you would like to choose from a list of insurance companies that can offer you the previously mentioned discounts, click here.
When buying coverage for your vehicles, there really is no one size fits all plan. Each situation is unique so this has to be addressed. These are some specific questions might help in determining if your situation could use an agent’s help.
If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of insurance coverage companies in your area.
Learning about specific coverages of a car insurance policy can help you determine which coverages you need for your vehicles. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. Shown next are the usual coverages offered by car insurance companies.
Collision coverages – This pays for damage to your Mustang resulting from a collision with another car or object. You have to pay a deductible then your collision coverage will kick in.
Collision coverage protects against things such as driving through your garage door, backing into a parked car, crashing into a building, hitting a parking meter and colliding with a tree. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to increase the deductible to save money on collision insurance.
Liability insurance – Liability insurance can cover damages or injuries you inflict on other’s property or people by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.
Liability coverage pays for things such as medical expenses, repair costs for stationary objects, pain and suffering, emergency aid and loss of income. How much coverage you buy is your choice, but it’s cheap coverage so purchase as much as you can afford.
Medical costs insurance – Med pay and PIP coverage kick in for expenses like chiropractic care, nursing services, dental work, hospital visits and doctor visits. They are often used in conjunction with a health insurance program or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage
UM/UIM Coverage – Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
Comprehensive or Other Than Collision – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things such as rock chips in glass, hitting a deer and hitting a bird. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.