Lower Your 1998 Ford Mustang SVT Cobra Insurance Rates

Want the cheapest insurance rates? Drivers have many options when trying to find affordable Ford Mustang SVT Cobra insurance. You can either spend your time struggling with agents to compare prices or utilize the internet to make rate comparisons. There is a better way to shop for insurance and you need to know the best way to price shop coverage for a new or used Ford and obtain the lowest possible price from local insurance agents and online providers.

You should take the time to get comparison quotes before your next renewal because insurance prices tend to go up over time. Just because you had the best quotes for Mustang SVT Cobra coverage a year ago the chances are good that you can find a lower rate today. There are a lot of ways to save on insurance on the web, but you can learn some good information on how to buy insurance cheaper.

If you have insurance now or need a new policy, you can use this information to get lower rates and still get good coverage. The purpose of this post is to familiarize you with how to effectively get price quotes and some money-saving tips. Consumers just need to learn the tricks to get comparison quotes on the web.

Save a ton with these discounts

Companies that sell car insurance don’t always publicize every policy discount very well, so the next list breaks down a few of the more well known as well as the least known discounts that you may qualify for.

  • No Claim Discounts – Good drivers with no accidents pay less compared to drivers who are more careless.
  • Pay Now and Pay Less – If you pay your bill all at once instead of paying each month you may have a lower total premium amount.
  • Distant Student – Any of your kids who live away from home to go to college and do not have a car could get you a discount.
  • First Accident Forgiveness – This one is not really a discount per se, but certain companies will let one accident slide before they charge you more for coverage as long as you don’t have any claims for a particular time prior to the accident.
  • Clubs and Organizations – Participating in certain professional organizations could earn you a nice discount on your next car insurance statement.

Drivers should understand that most discount credits are not given to the entire cost. Most only reduce individual premiums such as medical payments or collision. Despite the fact that it seems like you could get a free car insurance policy, car insurance companies aren’t that generous.

Insurance companies that may offer policyholders some of the above discounts are:

Before purchasing a policy, check with each company or agent to give you their best rates. Some of the discounts discussed earlier may not apply to policies in your area. To locate companies with discount car insurance rates, follow this link.

Buy car insurance online

There are multiple methods to shop for car insurance, but one way is easier and takes less work. You can waste a few hours (or days) talking to insurance agencies in your area, or you can utilize online quoting to get rate comparisons in just a few minutes.

Many popular insurance companies belong to an insurance system that enables customers to enter their policy data once, and each company can give them a price based on that information. This saves time by eliminating quote forms for each company.

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

One minor caviat to using this type of system is you don’t know exactly which providers you want pricing from. So if you want to select individual companies to request quotes from, we have a page of car insurance companies in your area. Click to view list.

However you get your quotes, be sure to compare exactly the same coverage data for each quote you get. If you enter different data it’s impossible to determine the lowest rate for your Ford Mustang SVT Cobra.

Seven tips to get more affordable insurance premiums

Smart consumers have a good feel for the rating factors that help calculate your insurance rates. If you have a feel for what impacts premium levels, this enables you to make decisions that may reward you with big savings. Lots of things are part of the equation when you get a price on insurance. Most are fairly basic such as your driving record, but other criteria are not quite as obvious such as whether you are married or your financial responsibility.

  • Always have insurance – Allowing your coverage to lapse is a quick way to increase your renewal premiums. Not only will you pay more, getting caught without coverage may earn you a steep fine or even jail time. You may then have to submit proof of financial responsibility or a SR-22 with your state motor vehicle department.
  • Lower prices with alarm systems – Selecting a car model with an alarm system can save you a little every year. Advanced theft deterrents like OnStar, LoJack tracking, and tamper alarms help track and prevent your vehicle from being stolen.
  • High insurance claims frequency drives up premiums – If you file a lot of claims you can look forward to either higher rates or even cancellation. Car insurance companies generally give the best rates to policyholders that do not abuse their auto insurance. Your insurance policy is meant to be used in the event of the large, substantial claims.
  • More policies can equal more savings – Most major companies give discounts to customers who carry more than one policy. It’s known as a multi-policy discount. The discount can be five, ten or even twenty percent. Even if you qualify for this discount already, it’s in your best interest to compare other insurance prices to ensure the best deal.There is a chance you can find a better deal by insuring with multiple companies.
  • Limits of liability coverage – The liability section of your policy kicks in in the event that you are ruled to be at fault for personal injury or accident damage. Liability insurance provides legal defense which can cost thousands of dollars. Liability insurance is quite affordable compared to other policy coverages, so buy as much as you can afford.
  • Higher insurance rates for specific occupations – Did you know your job can affect your rates? Occupations like real estate brokers, architects and emergency personnel are shown to have higher premium rates attributed to stressful work requirements and lengthy work days. On the flip side, jobs such as scientists, historians and the unemployed generally pay rates lower than average for Mustang SVT Cobra coverage.
  • Incidental coverages that aren’t used – Policies have add-on coverages that you can buy if you aren’t diligent. Coverages like rental car coverage, towing coverage, and additional equipment coverage may not be needed and are just wasting money. The coverages may be enticing when you first buy your policy, but if you don’t need them consider taking them off your policy.

Car insurance can be complex

When it comes to choosing the best car insurance coverage for your personal vehicles, there really is not a “best” method to buy coverage. Everyone’s needs are different.

For example, these questions could help you determine if you would benefit from professional advice.

  • When should I drop full coverage on my 1998 Ford Mustang SVT Cobra?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Can my teen driver be rated on a liability-only vehicle?
  • What is no-fault insurance?
  • What is PIP insurance?
  • Does medical payments coverage apply to all occupants?
  • Am I covered when pulling a rental trailer?
  • What can I do if my company denied a claim?
  • Do I have coverage when making deliveries for my home business?

If you don’t know the answers to these questions but you think they might apply to your situation 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 is quick, free and you can get the answers you need.

The ad said I’d save $474 a year!

Consumers can’t avoid all the ads for cheaper insurance coverage by Progressive, Allstate and GEICO. They all seem to tend to make the same promise that drivers will save a bundle if you get a free car insurance quote and switch to their company.

How can each company charge you less for car insurance? This is the way they can do it.

Different companies offer their best rates for the type of customer that will add to their bottom line. A good example of a profitable insured may need to be between the ages of 40 and 55, owns a home, and drives less than 10,000 miles a year. Any customer who meets those qualifications will get very good rates and will most likely save quite a bit of money when switching.

Insureds who don’t meet those standards must pay a higher rate which results in business going elsewhere. The ads say “drivers who switch” but not “all drivers who get quotes” can get the lowest rates when switching. That’s why insurance companies can confidently make it sound like they have such great car insurance rates. Because each company has a different risk profile, you need to get a wide range of price quotes. Because without a comparison, you cannot know which company will have the best rates at this point in time.

Car insurance 101

Knowing the specifics of your policy aids in choosing the best coverages at the best deductibles and correct limits. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for things like surgery, dental work, hospital visits, X-ray expenses and pain medications. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants and will also cover getting struck while a pedestrian. PIP is not universally available but can be used in place of medical payments coverage

Comprehensive coverage – This will pay to fix damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as damage from a tornado or hurricane, fire damage, hitting a deer, vandalism and hitting a bird. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Collision coverage – This will pay to fix damage to your Mustang SVT Cobra resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things like rolling your car, damaging your car on a curb, crashing into a building and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. You can also bump up the deductible in order to get cheaper collision rates.

Liability insurance – Liability coverage will cover damage that occurs to a person or their property. This insurance protects YOU against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability insurance covers claims such as medical services, structural damage, loss of income and legal defense fees. How much coverage you buy is up to you, but consider buying as large an amount as possible.

Uninsured/Underinsured Motorist coverage – This gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Cheaper insurance is a realistic goal

Drivers change insurance companies for a number of reasons such as an unsatisfactory settlement offer, extreme rates for teen drivers, high prices and even delays in paying claims. Regardless of your reason, switching companies can be easy and end up saving you some money.

When trying to cut insurance costs, don’t be tempted to buy poor coverage just to save money. There are many occasions where an insured cut liability coverage limits and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your strategy should be to purchase plenty of coverage at the best price.

You just read many ways to lower your 1998 Ford Mustang SVT Cobra insurance prices. The key thing to remember is the more price quotes you have, the more likely it is that you will get a better rate. Consumers may even find the lowest prices are with the least-expected company.

Additional information