1994 Ford Mustang Car Insurance Cost – 10 Policy Discounts

Locating better insurance prices for a Ford Mustang could be a painful process, but you can follow a few tricks to find lower rates.

There is a right way and a wrong way to find auto insurance online so you’re going to learn the absolute fastest way to get price quotes for a new or used Ford and obtain the best price possible.

Consumers should take time to price shop coverage at least once a year since rates are variable and change quite frequently. Just because you found the best premium rates on Mustang coverage two years ago you can probably find a better price now. Block out anything you think you know about auto insurance because I’m going to teach you the fastest and easiest way to find better rates and still maintain coverage.

If you have a policy now or are shopping for new coverage, you can use these techniques to shop for the lowest rates and possibly find even better coverage. Pricing affordable car insurance coverage is not that difficult. Vehicle owners just need to know the proper way to compare price quotes online.

Low cost insurance coverage quotes

Most major insurance companies provide prices for coverage directly from their websites. The process is possible for anyone because you just enter your personal and coverage information into the quote form. After the form is submitted, the company’s rating system obtains your driving record and credit report and quotes a price.

Quoting online makes comparing rates easy, but the process of having to visit a lot of sites and type in the same information can get tiresome after awhile. But it’s very important to get many rate quotes in order to get a lower rate.

There is an easier way!

A better way to find lower prices uses one form to return rates from several different companies. It’s a real time-saver, requires less work, and makes rate comparisons a little more enjoyable. Immediately after you send the form, it is quoted with multiple companies and you can pick any or none of the quote results.

If you find a better price you can simply submit the application and buy the policy. The entire process just takes a couple of minutes and can result in significant savings.

To save time and find out what other companies charge, simply click here to open in new window and input your coverage information. If you have coverage now, it’s recommended you enter the coverage information identical to your current policy. Using the same limits helps guarantee you will get rate quotes based on the exact same insurance coverage.

Ten discounts for affordable insurance coverage rates

Insurance coverage is expensive, but you may find discounts that can drop the cost substantially. Some trigger automatically when you complete an application, but some need to be asked about in order for you to get them.

  • Discounts for Safe Drivers – Insureds without accidents can save up to 40% or more on their insurance quote on Mustang coverage than their less cautious counterparts.
  • Drivers Education – Have your child enroll and complete driver’s education in school or through a local driver safety program.
  • Driver Safety – Taking part in a defensive driving class could cut 5% off your bill and also improve your driving technique.
  • Multi-car Discount – Buying coverage for primary and secondary vehicles on the same insurance coverage policy can get a discount for every vehicle.
  • Life Insurance Discount – Larger insurance carriers have a discounted premium rate on car insurance if you buy a life insurance policy as well.
  • Low Mileage Discounts – Driving fewer miles could qualify for lower insurance coveragerates due to less chance of an accident.
  • Policy Bundle Discount – If you combine your home and auto policies with one insurance company you will save at least 10 to 15 percent or more.
  • Passive Restraints and Air Bags – Vehicles with factory air bags or motorized seat belts could see savings of 25 to 30%.
  • Waiver for an Accident – Not a discount per se, but certain companies will forgive one accident without raising rates if you are claim-free for a particular time prior to the accident.
  • Anti-lock Brake System – Vehicles that have steering control and anti-lock brakes are safer to drive and earn discounts up to 10%.

Keep in mind that most credits do not apply to the entire policy premium. Most only cut the cost of specific coverages such as physical damage coverage or medical payments. Just because you may think having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.

A few popular companies and a summarized list of policyholder discounts can be found below.

  • State Farm may have discounts that include driver’s education, defensive driving training, passive restraint, anti-theft, good student, and Drive Safe & Save.
  • Farmers Insurance has savings for youthful driver, multi-car, pay in full, bundle discounts, and good student.
  • GEICO discounts include anti-theft, daytime running lights, multi-policy, defensive driver, emergency military deployment, membership and employees, and federal employee.
  • American Family policyholders can earn discounts including accident-free, early bird, good driver, defensive driver, Steer into Savings, TimeAway discount, and bundled insurance.
  • Nationwide offers discounts including anti-theft, defensive driving, Farm Bureau membership, multi-policy, easy pay, and good student.
  • Progressive includes discounts for online quote discount, online signing, homeowner, good student, and continuous coverage.

It’s a good idea to ask every prospective company which discounts you may be entitled to. Some of the earlier mentioned discounts may not be offered in your area. To see companies with the best discounts, follow this link.

You may need specialized auto insurance coverage

When it comes to buying adequate coverage for your vehicles, there really is no cookie cutter policy. Coverage needs to be tailored to your specific needs.

These are some specific questions may help highlight whether you might need professional guidance.

  • Are all vehicle passengers covered by medical payments coverage?
  • I have health insurance so do I need medical payments coverage?
  • Am I covered when delivering products for my home-based business?
  • If my 1994 Ford Mustang is totaled, can I afford another vehicle?
  • How can I find cheaper teen driver insurance?
  • What is covered by UM/UIM coverage?
  • Am I covered if I hit my neighbor’s mailbox?

If you’re not sure about those questions but you know they apply to you then you might want to talk to an agent. If you want to speak to an agent in your area, take a second and complete this form. It only takes a few minutes and may give you better protection.

Coverage specifics

Knowing the specifics of a car insurance policy can help you determine appropriate coverage for your vehicles. Policy terminology can be impossible to understand and coverage can change by endorsement.

Comprehensive insurance – This coverage covers 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 pays for claims such as falling objects, damage from getting keyed, a broken windshield, vandalism and damage from a tornado or hurricane. The highest amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Liability – This will cover damages or injuries you inflict on other people or property. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 50/100/50 which means a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Another option is one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers things such as loss of income, court costs, repair costs for stationary objects and pain and suffering. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for hospital visits, doctor visits, surgery, funeral costs and EMT expenses. The coverages can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Coverage applies to all vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage gives you protection when other motorists either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and damage to your Ford Mustang.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important. Usually these coverages are identical to your policy’s liability coverage.

Collision – Collision coverage pays to fix your vehicle from damage caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for things such as colliding with a tree, backing into a parked car, hitting a mailbox and driving through your garage door. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Cheaper insurance is a realistic goal

Insureds who switch companies do it for many reasons like an unsatisfactory settlement offer, not issuing a premium refund, poor customer service and even policy cancellation. Whatever your reason, choosing a new insurance company can be easier than you think.

In this article, we presented quite a bit of information on how to save on 1994 Ford Mustang insurance. It’s most important to understand that the more quotes you get, the higher your chance of finding low cost insurance. You may even discover the lowest priced auto insurance comes from a company that doesn’t do a lot of advertising.

As you prepare to switch companies, it’s not a good idea to skimp on critical coverages to save a buck or two. There are a lot of situations where someone sacrificed liability coverage limits and found out when filing a claim that their decision to reduce coverage ended up costing them more. The aim is to buy enough coverage at a price you can afford, but do not sacrifice coverage to save money.

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