1995 Ford Mustang SVT Cobra Insurance Rates

Looking for better car insurance rates? Shoppers have many options when shopping for affordable Ford Mustang SVT Cobra insurance. You can either spend your time calling around getting price quotes or utilize the internet to make rate comparisons.

There are more efficient ways to shop for car insurance and we’ll show you the proper way to get price quotes for a new or used Ford and obtain the lowest possible price from both online companies and local agents.

It’s smart to compare rates at least once a year because prices are adjusted regularly by insurance companies. Even if you got the lowest quotes on Mustang SVT Cobra coverage at your last renewal there may be better deals available now. Ignore everything you know about car insurance because I’m going to let you in on the secrets to the things you must know in order to lower your rates without sacrificing coverage.

The purpose of this article is to familiarize you with the best way to quote coverages. If you are paying for car insurance now, you will most likely be able to lower your premiums substantially using this information. Vehicle owners just need to know the proper way to shop their coverage around on the web.

Get lower-cost insurance prices by understanding these factors

Part of the insurance coverage buying process is learning the factors that aid in calculating your premiums. If you know what determines premiums, this empowers consumers to make smart changes that may result in lower insurance coverage prices. Lots of things are considered when you quote your car insurance policy. Some of the criteria are obvious such as traffic violations, but others are not quite as obvious such as whether you are married or your vehicle rating.

  • Where do you drive? – The higher the miles on your Ford in a year the more you will pay for insurance coverage. Most insurance companies charge rates partially by how you use the vehicle. Cars that sit idle most of the time receive better premium rates than vehicles that are driven to work every day. An improperly rated Mustang SVT Cobra may be costing you higher rates. Double check that your insurance coverage policy is showing the proper vehicle usage, because it can save money.
  • Eliminate extra coverages – There are a lot of extra add-on coverages that you can get tricked into buying if you don’t pay attention. Coverage for things like rental car coverage, towing, and motor club memberships are probably not needed. These coverages may sound good when buying your policy, but if you’ve never needed them in the past think about removing them and cutting costs.
  • Never have insurance coverage lapses – Allowing your coverage to lapse can be a guaranteed way to increase your insurance coverage rates. In addition to paying higher premiums, being ticketed for driving with no insurance may earn you fines and jail time.
  • Premiums increase with driving tickets – Whether or not you get tickets has a big impact on rates. Getting just one driving citation can bump up the cost by as much as thirty percent. Careful drivers tend to pay less for car insurance as compared to those with violations. Drivers who have received license-revoking violations like hit and run, DWI or reckless driving convictions may need to complete a SR-22 with their state’s department of motor vehicles in order to continue driving.
  • Liability is critical – Your policy’s liability coverage is the coverage that protects you in the event that you are ruled to be at fault for personal injury or accident damage. Liability provides for a legal defense which can be incredibly expensive. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so drivers should carry high limits.
  • Frequent policy claims increase premiums – If you are the type of insured that files lots of claims you can definitely plan on higher premiums or even policy non-renewal. Insurance companies generally give the lowest premiums to policyholders who do not rely on their insurance for small claims. Insurance coverage is designed for claims that pose a financial burden.
  • Youthful driver insurance prices – More mature drivers are proven to be safer behind the wheel, tend to cause fewer accidents and receive fewer citations.Teen drivers are known to be more careless when driving and because of this, their insurance coverage rates are much higher.
  • Raise deductibles and save – The deductibles you choose tell how much you are required to spend if the claim is covered. Protection for physical damage, otherwise known as comp (or other than collision) and collision, protects your car from damage. A few examples of covered claims could be rearending another vehicle, hail damage, or theft of your vehicle. The more damage repair cost you pay before a claim is paid (deductible), the better rate you will receive on Mustang SVT Cobra coverage.

Cheapest auto insurance price quotes

There are multiple methods to compare auto insurance prices but there is one way that is less labor-intensive and much quicker. You could spend your day discussing policy coverages with insurance agencies in your area, or you can utilize online quotes to quickly compare rates.

Most major companies are enrolled in a marketplace that enables customers to enter their coverage request one time, and at least one company then gives them pricing based on that data. This system prevents you from having to do quotation requests to every company.

To compare rates using this form now click here to open in new window.

The one disadvantage to using this type of system is buyers cannot specifically choose the insurers to receive prices from. So if you want to select from a list of companies to compare, we have assembled a list of auto insurance companies in your area. Click here to view list.

The approach you take is up to you, just try to use the exact same quote data on every quote you get. If each company quotes different deductibles then you won’t be able to make a fair comparison for your Ford Mustang SVT Cobra.

Auto insurance companies offer many types of discounts

The price of auto insurance can be rather high, but you can get discounts that many consumers don’t even know exist. Some discounts apply automatically when you quote, but some discounts are required to be inquired about before you will receive the discount.

  • Driver Training Discounts – Taking a course that instructs on driving safety could save 5% or more and make you a better driver.
  • More Vehicles More Savings – Buying insurance for primary and secondary vehicles on a single policy can reduce the rates for all insured vehicles.
  • Discount for Passive Restraints – Factory options such as air bags or motorized seat belts can qualify for discounts of up to 25% or more.
  • Save over 55 – Drivers over the age of 55 can get reduced rates on Mustang SVT Cobra coverage.
  • Pay Now and Pay Less – By paying your entire bill at once rather than paying monthly you can avoid the installment charge.

A little note about advertised discounts, most discounts do not apply to the entire cost. Some only apply to the cost of specific coverages such as liability and collision coverage. Even though it may seem like all those discounts means the company will pay you, company stockholders wouldn’t be very happy.

Large auto insurance companies and some of their more popular discounts can be read below.

  • GEICO may have discounts that include good student, anti-lock brakes, military active duty, anti-theft, membership and employees, and air bags.
  • SAFECO includes discounts for anti-lock brakes, teen safe driver, safe driver, multi-car, and bundle discounts.
  • State Farm discounts include good student, multiple policy, defensive driving training, Steer Clear safe driver discount, multiple autos, good driver, and passive restraint.
  • MetLife may include discounts for good student, good driver, defensive driver, accident-free, claim-free, multi-policy
  • 21st Century may offer discounts for 55 and older, good student, theft prevention, air bags, early bird, driver training, and automatic seat belts.
  • Progressive offers discounts including multi-vehicle, continuous coverage, online signing, homeowner, online quote discount, and good student.

When comparing rates, check with each insurance company which discounts they offer. Some discounts may not apply in your area. To locate providers that offer some of these discounts, click this link.

Do I just need basic coverages?

When it comes to choosing adequate coverage, there isn’t really a single plan that fits everyone. Everyone’s situation is a little different.

Here are some questions about coverages that can aid in determining whether your personal situation would benefit from an agent’s advice.

  • What should my uninsured motorist coverage limits be in my state?
  • Should I drop comprehensive coverage on older vehicles?
  • Is extra glass coverage worth it?
  • When would I need rental car insurance?
  • Do I need PIP coverage since I have good health insurance?
  • What is covered by UM/UIM coverage?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.

Insurance specifics

Understanding the coverages of insurance can help you determine the best coverages and the correct deductibles and limits. Insurance terms can be impossible to understand and coverage can change by endorsement.

UM/UIM Coverage – This gives you protection from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries as well as damage to your Ford Mustang SVT Cobra.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Most of the time these coverages are set the same as your liablity limits.

Comprehensive or Other Than Collision – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as vandalism, damage from a tornado or hurricane, a broken windshield, hitting a bird and rock chips in glass. The most your insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Medical costs insurance – Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses such as doctor visits, funeral costs, EMT expenses, chiropractic care and prosthetic devices. They are often used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. They cover you and your occupants in addition to being hit by a car walking across the street. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Collision coverages – This coverage covers damage to your Mustang SVT Cobra resulting from a collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as driving through your garage door, sustaining damage from a pot hole, sideswiping another vehicle and scraping a guard rail. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Another option is to raise the deductible in order to get cheaper collision rates.

Liability auto insurance – This can cover damage or injury you incur to other people or property. It protects YOU against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Occasionally you may see a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for things like bail bonds, medical expenses, legal defense fees and funeral expenses. How much liability should you purchase? That is your choice, but buy as high a limit as you can afford.

Compare but don’t skimp

When shopping online for auto insurance, it’s a bad idea to skimp on critical coverages to save a buck or two. There are a lot of situations where someone dropped full coverage only to regret that they should have had better coverage. Your goal is to find the BEST coverage at the lowest possible cost while still protecting your assets.

More affordable auto insurance is attainable on the web as well as from independent agents, so get free auto insurance quotes from both of them to have the best rate selection. Some auto insurance companies may not offer the ability to get quotes online and most of the time these small, regional companies provide coverage only through independent agencies.

You just read some good ideas how you can reduce 1995 Ford Mustang SVT Cobra insurance rates online. The most important thing to understand is the more you quote auto insurance, the better your comparison will be. You may even discover the lowest rates come from an unexpected company.

For more information, link through to these articles: