Cheaper 2015 Ford Mustang Insurance Quotes

Want better insurance rates for your Ford Mustang? Being forced to pay for high-priced insurance premiums can take a big chunk out of your family’s budget, especially in this economy. Performing a price comparison is free, only takes a few minutes, and is a good way to reduce premiums and put more money in your pocket.

Multiple insurance companies compete for your hard-earned dollar, so it can be very hard to choose a company and uncover the absolute lowest rate possible.

If you have car insurance now, you will be able to cut costs considerably using these techniques. Buying car insurance is not rocket science. Although drivers must know how insurance companies market on the web.

You can change your insurance rates

Multiple criteria are considered when pricing auto insurance. Some factors are common sense such as your driving history, but others are less obvious like your continuous coverage or your financial responsibility.Consumers need to have an understanding of a few of the rating criteria that go into determining the level of your policy premiums. If you have some idea of what influences your rates, this enables informed choices that can help you get much lower annual insurance costs.

  • Having a spouse reduces risk – Walking down the aisle helps lower the price compared to being single. It usually means you are more mature and responsible and statistics prove drivers who are married are more cautious.
  • Prevent your car from being stolen – Driving a car with a theft deterrent system can save you a little every year. Anti-theft devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all help prevent car theft.
  • Low credit rating equals high premiums – Having a bad credit score can be an important factor in calculating your car insurance rates. People that have excellent credit scores tend to be more responsible than drivers with poor credit scores. So if your credit history is not that good, you could save money insuring your 2015 Ford Mustang by taking the time to improve your credit score.
  • Traffic violations can be expensive – Only having one citation may cause rates to rise by as much as thirty percent. Careful drivers tend to pay less for car insurance than people who have multiple driving citations. People who have careless citations such as DUI, reckless driving or excessive speeding may need to complete a SR-22 with their state motor vehicle department in order to prevent their license from being revoked.
  • Drive fewer miles and save – The more you drive in a year the higher your rate. Almost all companies charge rates based upon how much you drive. Cars used primarily for pleasure use qualify for better rates than vehicles that have high annual mileage. Ask your agent if your policy properly reflects the proper vehicle usage. Having the wrong rating on your Mustang may be costing you higher rates.
  • Rural vs Urban Areas – Residing in less populated areas is a good thing when buying car insurance. Less people living in that area means a lower chance of having an accident and a lower car theft rate. People who live in big cities have more auto accidents and much longer commute distances. Spending more time driving can result in more accidents.
  • Car and home together may be cheaper – Lots of companies will award lower prices to people that buy multiple policies such as combining an auto and homeowners policy. Even if you’re getting this discount you may still want to compare other company rates to help guarantee you have the best rates.There is a good possibility that you can find better rates even if you have your coverage with different companies
  • Mature drivers are lower risk – Older drivers are proven to be safer behind the wheel, tend to file fewer claims , and usually have better credit.Youthful drivers have a tendency to get distracted easily when behind the wheel therefore car insurance rates are much higher.

Shop car insurance online

There are a lot of ways you can shop for car insurance but there is one way that is easier and takes less work. You can waste a few hours (or days) talking about coverages with insurance agencies in your area, or you can utilize online quotes to achieve your goal.

Many of the larger companies belong to a marketplace where prospective buyers only type in their quote data once, and at least one company can provide price quotes. This eliminates the need for repetitive form submissions for each company you want a rate for.

To compare pricing click here (opens in new window).

The one downside to using this type of form is you cannot specify the insurers to receive prices from. So if you prefer to choose individual companies to compare, we put together a list of car insurance companies in your area. View list of insurance companies.

The approach you take is up to you, just be certain you are entering equivalent information on every quote. If you are comparing unequal deductibles or liability limits it will be impossible to truly determine the lowest rate. Having just a slight variation in insurance coverages may cause a big price difference. It’s important to know that having more price comparisons helps improve the odds of finding the best price.

You may qualify for discounts

Not many people think insurance is cheap, but there’s a good chance there are discounts to cut the cost considerably. Most are applied at quote time, but some discounts are required to be requested specifically in order for you to get them. If you do not double check each discount you qualify for, it’s possible you qualify for a lower rate.

  • Low Mileage – Low annual miles could earn substantially lower premium rates.
  • Passive Restraint Discount – Vehicles with factory air bags or motorized seat belts can qualify for discounts up to 30%.
  • Senior Citizens – If you’re over the age of 55, you may qualify for a small discount on rates on Mustang insurance.
  • Paperwork-free – Some of the larger companies provide a small discount for buying your policy over the internet.
  • Payment Method – If you can afford to pay the entire bill instead of paying each month you can actually save on your bill.
  • Telematics Discount – Drivers who agree to allow their insurance company to spy on when and where they use their vehicle by using a telematics device in their vehicle such as State Farm’s In-Drive could save a few bucks if they exhibit good driving behavior.
  • Home Ownership Discount – Just being a homeowner can help you save on auto insurance because of the fact that having a home is proof that your finances are in order.
  • No Claims – Good drivers with no accidents are rewarded with significantly better rates on car insurance quote compared to bad drivers.
  • Anti-lock Brake System – Vehicles with ABS braking systems or traction control can avoid accidents and the ABS can save up to 10%.

Just know that some of the credits will not apply to the entire cost. Some only reduce individual premiums such as medical payments or collision. If you do the math and it seems like having all the discounts means you get insurance for free, companies don’t profit that way.

If you would like to view insurance companies that have a full spectrum of discounts, click this link.

There’s no such thing as the perfect insurance policy

When choosing the best insurance coverage for your vehicles, there really is no “best” method to buy coverage. Everyone’s situation is a little different so your insurance needs to address that. These are some specific questions can help discover if you may require specific advice.

  • Do I pay less for low miles?
  • Do I benefit by insuring my home with the same company?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • If I drive on a suspended license am I covered?
  • Who is covered when they drive my 2015 Ford Mustang?
  • Does my insurance cover a custom paint job?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies.

Coverages available on your insurance policy

Having a good grasp of your insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. Policy terminology can be difficult to understand and coverage can change by endorsement. Below you’ll find typical coverages offered by insurance companies.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your 2015 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. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently these limits are set the same as your liablity limits.

Coverage for liability

This provides protection from damage or injury you incur to people or other property by causing an accident. This coverage protects you against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 25/50/25 which means a limit of $25,000 per injured person, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Some companies may use one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against things such as bail bonds, medical services, emergency aid, structural damage and court costs. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Medical payments and PIP coverage

Med pay and PIP coverage provide coverage for bills for rehabilitation expenses, funeral costs and ambulance fees. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and also covers 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

Coverage for collisions

Collision insurance pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims such as backing into a parked car, crashing into a ditch, colliding with another moving vehicle and driving through your garage door. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Another option is to bump up the deductible in order to get cheaper collision rates.

Comprehensive auto coverage

Comprehensive insurance pays for damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like theft, falling objects and vandalism. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Don’t be a big spender

Some companies do not offer online price quotes and most of the time these smaller providers provide coverage only through local independent agencies. Budget-friendly car insurance is available on the web as well as from insurance agents, so you should compare both to have the best chance of lowering rates.

When you buy car insurance online, don’t be tempted to skimp on coverage in order to save money. In many instances, someone dropped full coverage only to regret that a couple dollars of savings turned into a financial nightmare. The proper strategy is to find the BEST coverage at the best price, but don’t skip important coverages to save money.

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