2003 Ford Mustang Insurance Quotes – 9 Ideas for Best Rates

Trying to find lower car insurance rates for your Ford Mustang? Are you intimidated by the crazy number of car insurance providers in your area? You have such a vast assortment of providers available that it can easily become a difficult mission to find the lowest price.

Do you qualify for these nine discounts?

Car insurance is expensive, but there are discounts available that you may not even be aware of. Certain credits will be shown at the time you complete a quote, but a few must be requested specifically before you get the savings.

  • Anti-lock Brake System – Cars and trucks with ABS braking systems or traction control have fewer accidents so you can save 10 percent or more.
  • New Vehicle Savings – Putting insurance on a new car can save you some money because newer vehicles have to meet stringent safety requirements.
  • Drivers Ed for Students – Require your teen driver to enroll and complete driver’s education as it can save substantially.
  • Paper-free Discount – Some car insurance companies will give you a small discount get insurance on their website.
  • Claim-Free Discount – Drivers who stay claim-free can save substantially in comparison with drivers who are more careless.
  • Low Mileage – Keeping the miles down on your Ford could earn slightly better prices than normal.
  • Discount for Life Insurance – Not all insurance carriers offer life insurance, but some may give you a small discount if you purchase some life insurance in addition to your auto policy.
  • Bundle and Save – If you can combine your homeowners and auto policy and insure them with the same company you will save nearly 15% which can help you find cheap insurance.
  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to buckle their seat belts could save 15% on the premium charged for medical payments and/or PIP.

As is typical with insurance, most discounts do not apply to the entire cost. Most cut the cost of specific coverages such as liability, collision or medical payments. Even though it may seem like you could get a free car insurance policy, companies wouldn’t make money that way.

To see insurance companies that can offer you the previously mentioned discounts, click here to view.

How to compare insurance quotes

To find cheaper insurance quotes, there are several ways to get quotes from many different insurance companies. By far the easiest way to find affordable 2003 Ford Mustang insurance rates consists of shopping online. This is very easy and can be done in a couple of different ways.

  • If you are pressed for time, the simplest way to get quotes is a comparison rater form click here to open form in new window. This easy form prevents you from having to do separate quote forms for every company. One form will return price quotes from insurance companies with the best prices.It’s the quickest way to get rates.
  • A less efficient way to get comparison quotes consists of going to each company’s website to request a price quote. For example, we’ll assume you want rates from Auto-Owners, State Farm and Farmers. You would have to spend time going to each site individually and punch in your information repeatedly, which can get rather old.

    To view a list of companies in your area, click here.

Take whichever approach you prefer, but compare nearly identical coverages and limits for each price quote. If each company quotes different limits and deductibles on each one it’s not possible to make a fair rate comparison. Having just a slight variation in limits can make a big difference in price. And when comparison shopping, comparing more rates from different companies will increase your chances of finding the best price. Some insurance companies are not set up to provide online rate quotes, so it’s necessary to compare prices from the smaller companies as well.

Don’t assume everyone needs the same auto insurance coverage

When buying coverage, there isn’t really a perfect coverage plan. Every situation is different.

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

  • Am I covered if I hit a deer?
  • Is my cargo covered for damage or theft?
  • What is the ISO rating for a 2003 Ford Mustang?
  • What is the difference between comprehensive and collision coverage?
  • Who is covered when they drive my 2003 Ford Mustang?
  • Why am I required to buy high-risk coverage?
  • Should I get collision insurance on every vehicle?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to an agent. If you don’t have a local agent, take a second and complete this form.

Coverages available on your car insurance policy

Understanding the coverages of a car insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Liability car insurance

Liability insurance will cover damage that occurs to other’s property or people in an accident. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 25/50/25 that means you have a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability insurance covers things such as legal defense fees, loss of income, funeral expenses and pain and suffering. How much liability coverage do you need? That is up to you, but consider buying higher limits if possible.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered losses include injuries to you and your family and damage to your Ford Mustang.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance provide coverage for expenses like nursing services, pain medications, EMT expenses, chiropractic care and dental work. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision insurance

This coverage pays for damage to your Mustang caused by collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as damaging your car on a curb, crashing into a building, hitting a mailbox and driving through your garage door. This coverage can be expensive, so consider removing coverage from lower value vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Comprehensive car insurance

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like hitting a bird, hitting a deer, falling objects, damage from flooding and fire damage. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Summing up your insurance search

We just showed you many tips how you can lower your 2003 Ford Mustang insurance prices. It’s most important to understand that the more providers you compare, the higher your chance of finding cheap insurance. Consumers could even find that the biggest savings come from a small mutual company.

As you restructure your insurance plan, you should never skimp on critical coverages to save a buck or two. There have been many situations where an accident victim reduced full coverage and learned later that their decision to reduce coverage ended up costing them more. The ultimate goal is to purchase a proper amount of coverage for the lowest cost.

Lower-priced insurance is definitely available from both online companies in addition to many insurance agents, and you should compare rates from both in order to have the best price selection to choose from. Some companies do not provide the ability to get quotes online and many times these smaller providers only sell through local independent agencies.

To learn more, feel free to browse the resources below: