How Much Does 1995 Ford Mustang Insurance Cost?

Trying to find better car insurance rates? Buyers have many options when searching for affordable Ford Mustang insurance. You can either waste hours struggling with agents to get rate comparisons or utilize the internet to get rate quotes.

There are both good and bad ways to shop for car insurance so we’re going to tell you the best way to get price quotes for a Ford and obtain the cheapest rates either online or from local insurance agents.

Find hidden discounts to get affordable auto insurance quotes

Some insurers don’t list every discount very well, so the list below contains both well-publicized as well as the least known credits available to you.

  • Renewal Discounts – A few auto insurance companies offer discounts for switching to them prior to your current policy expiration. It could save around 10% when you buy insurance coverage online.
  • Lower Rates for Military – Being deployed with a military unit could qualify you for better rates.
  • Driver Safety – Taking part in a class that teaches defensive driving techniques could cut 5% off your bill and also improve your driving technique.
  • Driving Data Discount – Drivers who agree to allow driving data collection to track their driving habits by using a small device installed in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system may get a rate reduction as long as they are good drivers.
  • Seat Belt Discounts – Requiring all passengers to wear their seat belts can save 10% or more off the PIP or medical payment premium.

Remember that most discounts do not apply to the entire cost. Most cut specific coverage prices like medical payments or collision. So even though you would think it’s possible to get free car insurance, that’s just not realistic.

Companies and a partial list of their discounts are outlined below.

  • State Farm discounts include good driver, anti-theft, accident-free, defensive driving training, safe vehicle, and Drive Safe & Save.
  • Farmers Insurance offers discounts for early shopping, youthful driver, bundle discounts, business and professional, switch companies, and homeowner.
  • Progressive may offer discounts for good student, homeowner, multi-vehicle, online quote discount, continuous coverage, online signing, and multi-policy.
  • GEICO offers discounts including military active duty, daytime running lights, anti-theft, multi-vehicle, driver training, anti-lock brakes, and emergency military deployment.
  • Auto-Owners Insurance may have discounts that include mature driver, paperless, air bags, anti-lock brakes, and group or association.
  • The Hartford has savings for bundle, defensive driver, vehicle fuel type, anti-theft, driver training, and good student.
  • Farm Bureau includes discounts for good student, youthful driver, safe driver, multi-policy, and driver training.
  • USAA has discounts for loyalty savings, new vehicle, family discount, driver training, good student, multi-vehicle, and defensive driver.

It’s a good idea to ask each company which discounts you qualify for. Some discounts might not be available to policyholders in every state. If you would like to see a list of providers who offer cheap auto insurance quotes, click this link.

The method we recommend to compare car insurance rates takes advantage of the fact auto insurance companies will pay a fee to compare their rates. To begin a comparison, all you need to do is spend a couple of minutes providing details such as your job, how much coverage you want, if it has an alarm system, and how much you drive. That information gets transmitted to insurance carriers in your area and they return cost estimate within a short period of time.

What determines Ford Mustang insurance prices?

A large part of saving on car insurance is knowing some of the factors that aid in calculating your policy premiums. If you have a feel for what determines base rates, this empowers consumers to make smart changes that can help you get big savings. Many factors are considered when quoting car insurance. Some of the criteria are obvious such as traffic violations, but others are not quite as obvious such as whether you are married and annual miles driven.

  • Too many insurance claims will drive premiums up – If you file claims often, don’t be surprised to see increased rates or even have your policy non-renewed. Car insurance companies provide most affordable rates to policyholders who only file infrequent claims. Insurance coverage is intended for claims that pose a financial burden.
  • Cars with good safety ratings save money – Safe vehicles can get you lower premiums. Vehicles engineered for safety help reduce the chance of injuries in an accident and better occupant protection translates directly to fewer claims passed on to you as lower rates.
  • Low mileage costs less – The more you drive your Ford each year the more you’ll pay to insure your vehicle. The majority of insurers charge to insure your cars based upon how you use the vehicle. Autos that sit idle most of the time can get a lower rate than those that get driven frequently. A policy that improperly rates your Mustang may be wasting your money. It’s a good idea to make sure your vehicle rating states the correct driver usage, because it can save money.
  • Liability coverage – A critical coverage on your policy, liability insurance is the coverage that protects you in the event that a jury decides you are liable for physical damage or personal injury to other. It will provide legal defense up to the limits shown on your policy. Liability insurance is quite affordable when compared with rates for comp and collision, so do not cut corners here.
  • Women pay lower costs – Over the last 30 years, statistics show that females take fewer risks when driving. The data does not necessarily mean that males are worse at driving than females. Both sexes have at-fault accidents at about the same rate, but the men have costlier accidents. Men also get higher numbers of serious violations such as reckless driving.
  • Your career may increase rates – Do you work in a high-stress field? Occupations like judges, social workers and accountants generally have the highest average rates attributed to high stress and long work hours. Other occupations like professors, engineers and retirees pay lower than average rates for Mustang insurance.
  • Being married is a good thing – Walking down the aisle may earn you lower rates on your policy. It is viewed as being more mature than a single person it has been statistically shown that married couples file fewer claims.

Tailor your car insurance coverage to you

When it comes to choosing the best car insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Everyone’s situation is unique.

For example, these questions can help discover whether or not you might need professional guidance.

  • Am I covered if I wreck a rental car?
  • Is there coverage for injuries to my pets?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • What is UM/UIM insurance?
  • Am I covered when driving in Canada or Mexico?
  • Which companies will insure high-risk drivers?

If you don’t know the answers to these questions, you might consider talking to an agent. If you don’t have a local agent, simply complete this short form. It’s fast, free and can provide invaluable advice.

Do drivers who switch really save?

Consumers can’t avoid all the ads for the lowest price insurance coverage from the likes of Allstate and Progressive. All the companies make the point of big savings just by switching to them.

How does every insurance coverage company give you a better price? You have to listen carefully.

Most companies quote their cheapest rates for the type of insured that will generate a profit. An example of this type of driver might have to be over the age of 35, owns a home, and insures a new vehicle. Anyone who fits that profile is entitled to the best price and therefore will save when they switch companies.

Potential customers who don’t measure up to those criteria may receive higher premiums and this results in business going elsewhere. If you pay close attention to the ads, they say “drivers that switch” not “everyone that quotes” save that kind of money. That’s why companies can truthfully lure you into getting a quote.

This really illustrates why you absolutely need to compare quotes as often as possible. It’s impossible to know which insurance coverage company will give you the biggest savings.

Auto insurance coverage considerations

Understanding the coverages of a auto insurance policy can be of help when determining which coverages you need and proper limits and deductibles. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Collision protection

Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like crashing into a building, hitting a parking meter, sustaining damage from a pot hole and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Coverage for uninsured or underinsured drivers

This provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants and also any damage incurred to your Ford Mustang.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Auto liability insurance

This coverage protects you from injuries or damage you cause to a person or their property in an accident. It protects you from legal claims by others. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 50/100/50 that translate to a limit of $50,000 per injured person, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Another option is a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers claims like court costs, repair bills for other people’s vehicles, attorney fees, legal defense fees and medical expenses. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive auto insurance

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers things like fire damage, hitting a deer and hitting a bird. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Coverage for medical expenses

Coverage for medical payments and/or PIP pay for bills for things like doctor visits, rehabilitation expenses, ambulance fees, surgery and hospital visits. They are often used to fill the gap from your health insurance program or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not universally available and may carry a deductible

One last thing about your coverage

People change insurance companies for many reasons like policy cancellation, an unsatisfactory settlement offer, denial of a claim or even extreme rates for teen drivers. No matter why you want to switch, choosing a new insurance company is pretty simple and you could end up saving a buck or two.

Cheap 1995 Ford Mustang insurance is possible from both online companies and from local insurance agents, and you need to comparison shop both to have the best chance of lowering rates. There are still a few companies who may not have the ability to get a quote online and usually these smaller providers work with local independent agencies.

We just showed you many ways to lower your 1995 Ford Mustang insurance car insurance rates. The key concept to understand is the more price quotes you have, the better your comparison will be. You may even find the lowest car insurance rates are with a small mutual company.

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