2005 Ford Mustang Car Insurance Quotes – 8 Ways to Save

Trying to find lower insurance coverage rates for your Ford Mustang? Are you overwhelmed by the sheer number of insurance coverage choices available to you? Many other drivers are too. There are so many choices to choose from that it can easily become a big hassle to find the perfect company for you.

Choosing the best insurance company for you is quite easy. If you have car insurance now, you will be able to save some money using these tips. But car owners can benefit from knowing how the larger insurance companies sell insurance online and use this information to your advantage.

Low cost insurance prices

There are several ways to compare insurance quotes, but some are less labor-intensive and much quicker. You can spend your afternoon talking to insurance companies in your area, or you can utilize the internet to maximize your effort.

Many insurance companies belong to an insurance system that enables customers to only type in their quote data once, and at least one company then returns a price quote based on the submitted data. This saves time by eliminating form submissions for each company.

To find out what other companies charge click here to open in new window.

The single downside to doing it this way is you don’t know exactly which insurance companies to get quotes from. If you prefer to choose from a list of companies to receive pricing from, we have a listing of low cost insurance companies in your area. Click here for list of insurance companies.

Which method you use is up to you, but try to use the exact same coverages and limits for every quote you compare. If you are comparing unequal deductibles or liability limits it will be very difficult to get a fair rate comparison. Even a minor difference in coverages can result in a big premium difference. And when comparing insurance rates, know that making a lot of price comparisons helps increase your odds of locating the best price. Some companies don’t provide online quotes, so it’s important to also get price estimates from them as well.

Car insurance policy discounts

Car insurance is expensive, but there are discounts available that you may not even know about. Some discounts will apply at the time of quoting, but some must be asked for prior to getting the savings.

  • Anti-lock Brakes – Cars, trucks, and SUVs that have anti-lock braking systems prevent accidents so you can save 10 percent or more.
  • Drive Less and Save – Keeping the miles down on your Ford could be rewarded with lower prices due to less chance of an accident.
  • Pay Early and Save – By paying your entire bill at once as opposed to paying monthly you could save up to 5%.
  • Sign Online – Some car insurance companies provide a small discount for buying your policy on the internet.
  • Government Employee Discount – Having worked for a branch of the government could cut as much as 10% off on Mustang insurance with some car insurance companies.
  • Senior Discount – If you’re over the age of 55, you may receive a slight reduction on a insurance coverage quote on Mustang insurance.
  • Telematics Data – Drivers that enable their company to look at when and where they use their vehicle by using a telematics device such as Progressive’s Snapshot and State Farm’s In-Drive might get better premium rates as long as the data is positive.
  • Discounts for New Vehicles – Buying a new car instead of a used car can save you some money since new vehicles have better safety ratings.

While discounts sound great, it’s important to understand that some credits don’t apply to all coverage premiums. Some only reduce individual premiums such as physical damage coverage or medical payments. So even though it sounds like all the discounts add up to a free policy, it’s just not the way it works.

A list of car insurance companies and the discounts they provide are:

  • GEICO policyholders can earn discounts including emergency military deployment, five-year accident-free, driver training, multi-vehicle, defensive driver, multi-policy, and seat belt use.
  • Travelers offers discounts including IntelliDrive, multi-car, save driver, driver training, and hybrid/electric vehicle.
  • Farm Bureau may include discounts for 55 and retired, safe driver, good student, youthful driver, driver training, and multi-vehicle.
  • Liberty Mutual may offer discounts for newly retired, safety features, teen driver discount, new move discount, and hybrid vehicle.
  • American Family discounts include multi-vehicle, good driver, early bird, Steer into Savings, and bundled insurance.
  • Progressive may have discounts that include good student, multi-vehicle, continuous coverage, multi-policy, homeowner, online quote discount, and online signing.

It’s a good idea to ask all the companies what discounts are available to you. Some of the discounts discussed earlier may not be available in every state.

How do I know if I need professional advice?

When it comes to choosing proper insurance coverage for your personal vehicles, there really is not a “perfect” insurance plan. Each situation is unique.

For example, these questions can aid in determining whether you might need an agent’s assistance.

  • Is a blown tire covered by insurance?
  • Do all my vehicles need collision coverage?
  • Am I covered if my car is in a flood?
  • What exactly is covered by my policy?
  • What discounts do I qualify for?
  • When should I drop full coverage on my 2005 Ford Mustang?
  • Why is insurance for a teen driver so high?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form.

Don’t believe everything you hear

Companies like Allstate and Progressive regularly use ads on TV and radio. They all seem to have a common claim that people will save if you get a free insurance coverage quote and switch your coverage to them. It sounds good, but how can they all charge lower premium rates? It’s all in the words they use.

All the different companies have underwriting criteria for the right customer that will add to their bottom line. A good example of a preferred risk should be a married male, has had continuous coverage, and drives less than 7,500 miles a year. Any new insured who meets those qualifications will probably get cheap prices and most likely will save when switching.

Potential customers who do not match these standards will have to pay higher rates and ends up with the prospect going elsewhere. Company advertisements say “people that switch” but not “everyone who gets a quote” save the amount stated. That’s why insurance companies can state the savings. Because each company has a different risk profile, it’s extremely important to quote coverage with many companies. It’s just not possible to know which insurance companies will fit you best based on your risk profile.

Insurance coverage basics

Having a good grasp of your insurance policy can help you determine the right coverages and the correct deductibles and limits. Insurance terms can be ambiguous and coverage can change by endorsement.

Liability coverage – This will cover injuries or damage you cause to other’s property or people by causing an accident. It protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability coverage protects against things such as structural damage, loss of income, medical services and funeral expenses. The amount of liability coverage you purchase is your choice, but consider buying as large an amount as possible.

Coverage for uninsured or underinsured drivers – This provides protection 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.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

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

Comprehensive can pay for things like falling objects, a tree branch falling on your vehicle, rock chips in glass and hail damage. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision coverage – Collision insurance pays for damage to your Mustang from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision insurance covers claims like crashing into a ditch, rolling your car and hitting a parking meter. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Coverage for medical expenses – Coverage for medical payments and/or PIP kick in for immediate expenses like nursing services, dental work, X-ray expenses and pain medications. The coverages can be utilized in addition to your health insurance program or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage

More quotes. Lower rates.

As you prepare to switch companies, it’s very important that you do not skimp on coverage in order to save money. There have been many cases where an insured dropped liability limits or collision coverage only to find out that the savings was not a smart move. Your strategy should be to purchase plenty of coverage for the lowest price, but do not skimp to save money.

In this article, we covered quite a bit of information on how to save on 2005 Ford Mustang insurance. It’s most important to understand that the more providers you compare, the better your chances of lowering your rates. You may even find the lowest prices are with some of the smallest insurance companies.

Drivers leave their current company for many reasons like extreme rates for teen drivers, lack of trust in their agent, denial of a claim or even an unsatisfactory settlement offer. It doesn’t matter why you want to switch finding a great new company is less work than it seems.

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