Compare 1996 Ford Mustang SVT Cobra Car Insurance Quotes

Finding discount car insurance on the web can appear to be somewhat difficult for vehicle owners new to comparing rates and buying car insurance over the internet. With such a big selection of agents and companies competing online, how can drivers effectively compare all the different companies and get better prices?

Low cost insurance prices

There are several ways to compare insurance quotes, but one way is more efficient than others. You can waste a lot of time talking to insurance companies in your area, or you could use online quoting to get pricing more quickly.

All the larger companies participate in an industry program where prospective buyers only type in their quote data once, and every company can provide price quotes based on that data. This prevents consumers from doing form submissions for each company.

To get comparison pricing now click here (opens in new window).

The only drawback to getting quotes like this is you cannot specify which carriers you want pricing from. So if you prefer to pick specific insurance companies for rate comparison, we put together a list of insurance companies in your area. Click here to view list.

Whichever method you choose, double check that you are using equivalent coverages and limits on every quote you get. If the quotes have higher or lower deductibles it will be impossible to determine the lowest rate for your Ford Mustang SVT Cobra. Just a small difference in insurance coverages could throw off the whole comparison. And when price shopping your coverage, more quotes helps increase your odds of locating the best offered rates.

Will you really save $449 on car insurance?

Respected companies like State Farm, Allstate and GEICO regularly use ads in print and on television. All the companies advertise claims of big savings after switching to their company. How does every car insurance company make almost identical claims? It’s all in how they say it.

Most companies quote their best rates for the type of insured that earns them the highest profit. For example, this type of risk profile could possibly be between 30 and 50, has a low-risk occupation, and drives a vehicle with a low ISO rating. A customer getting a price quote that hits that “sweet spot” will probably get cheap prices and will cut their rates if they switch.

Potential customers who don’t meet the “perfect” profile will probably have to pay higher premium rates which translates to the prospect going elsewhere. If you listen to the ad wording, they say “customers who switch” not “everyone who quotes” save the amount stated. That’s the way companies can advertise the savings.

This emphasizes why you need to quote coverage with many companies. Because you never know with any certainty which company will provide the lowest auto insurance rates.

Insurance coverage companies offer lots of discounts

Some insurers do not advertise every possible discount very clearly, so the list below contains both the well known and the more hidden insurance coverage savings.

  • Accident Forgiveness Coverage – This isn’t a discount exactly, but some insurance companies will turn a blind eye to one accident without the usual rate increase with the catch being you have to be claim-free for a set time period.
  • ABS Braking Discount – Cars, trucks, and SUVs that have anti-lock braking systems are safer to drive so companies give up to a 10% discount.
  • Active Service Discounts – Being on active duty in the military could trigger a small discount.
  • Defensive Driving Course – Taking time to complete a defensive driver course could earn you a small percentage discount and easily pay for the cost of the class.
  • No Claims – Drivers who stay claim-free pay much less as opposed to accident-prone drivers.
  • Full Payment Discount – By paying your entire bill at once instead of monthly or quarterly installments you may have a lower total premium amount.
  • Telematics Devices – Insureds that choose to allow driving data submission to monitor vehicle usage by using a telematic data system such as Progressive’s Snapshot may see discounts if they exhibit good driving behavior.
  • Anti-theft Discount – Cars equipped with tracking devices and advanced anti-theft systems have a lower chance of being stolen and that can save you a little bit as well.
  • Early Switch Discount – Select insurance coverage companies give a discount for buying a policy before your current expiration date. It can save you around 10%.

Please keep in mind that most discounts do not apply to the entire policy premium. Some only apply to individual premiums such as comprehensive or collision. So when the math indicates you can get free auto insurance, that’s just not realistic.

Companies and their offered discounts can be read below.

  • GEICO may have discounts that include driver training, multi-vehicle, emergency military deployment, federal employee, anti-theft, defensive driver, and seat belt use.
  • Auto-Owners Insurance has savings for anti-theft, teen driver, mature driver, multi-policy, good student, and multiple vehicles.
  • American Family may include discounts for early bird, air bags, good driver, bundled insurance, and defensive driver.
  • Esurance has discounts for homeowner, Switch & Save, renters, anti-lock brakes, multi-policy, online quote, and claim free.
  • Progressive discounts include multi-vehicle, good student, online signing, homeowner, and continuous coverage.
  • State Farm may offer discounts for safe vehicle, good driver, multiple policy, passive restraint, student away at school, defensive driving training, and driver’s education.
  • AAA offers discounts including good student, good driver, AAA membership discount, pay-in-full, and anti-theft.

If you need cheaper auto insurance quotes, ask each insurance company which discounts you may be entitled to. Some discounts listed above may not apply to policyholders in every state.

Do I just need basic coverages?

When it comes to buying adequate coverage, there is no “perfect” insurance plan. Each situation is unique.

For instance, these questions could help you determine whether or not you will benefit from professional help.

  • What happens if I owe more than my 1996 Ford Mustang SVT Cobra is worth?
  • How much liability coverage do I need in my state?
  • Should I put collision coverage on all my vehicles?
  • Who is covered when they drive my 1996 Ford Mustang SVT Cobra?
  • Does my policy cover my teen driver if they drive my company car?
  • What can I do if my company denied a claim?
  • Can I rate high risk drivers on liability-only vehicles?
  • I have health insurance so do I need medical payments coverage?

If you’re not sure about those questions, then you may want to think about talking to an agent. To find an agent in your area, take a second and complete this form.

Auto insurance coverage basics

Learning about specific coverages of your auto insurance policy can help you determine the right coverages for your vehicles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording.

Medical expense insurance – Coverage for medical payments and/or PIP provide coverage for short-term medical expenses such as doctor visits, funeral costs, pain medications and surgery. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. They cover all vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Collision coverages – This will pay to fix damage to your Mustang SVT Cobra caused by collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like crashing into a building, sideswiping another vehicle, rolling your car and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Liability coverages – This can cover injuries or damage you cause to a person or their property by causing an accident. It protects you against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

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. As an example, you may have policy limits of 25/50/25 that means you have a limit of $25,000 per injured person, $50,000 for the entire accident, and property damage coverage for $25,000. Occasionally you may see a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against claims such as loss of income, pain and suffering, emergency aid, medical expenses and attorney fees. How much liability should you purchase? That is a decision to put some thought into, but consider buying higher limits if possible.

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” do not carry enough liability coverage. It can pay for injuries to you and your family and also any damage incurred to your Ford Mustang SVT Cobra.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently the UM/UIM limits are identical to your policy’s liability coverage.

Comprehensive (Other than Collision) – Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like vandalism, damage from getting keyed, a tree branch falling on your vehicle, damage from flooding and falling objects. The maximum payout your auto insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Quote more. Save more.

We covered a lot of ways to reduce 1996 Ford Mustang SVT Cobra insurance car insurance rates online. The key thing to remember is the more providers you compare, the better chance you’ll have of finding cheap auto insurance. You may even find the biggest savings come from an unexpected company.

A few companies do not provide online quoting small, regional companies sell through local independent agencies. Cheaper auto insurance is attainable on the web and from local insurance agents, and you should compare price quotes from both to get a complete price analysis.

As you go through the steps to switch your coverage, it’s a bad idea to buy less coverage just to save a little money. There have been many cases where someone sacrificed full coverage only to discover later that they should have had better coverage. The ultimate goal is to find the BEST coverage at the lowest possible cost.

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