Cheap 2016 Ford Mustang Insurance Rates

Looking for better auto insurance rates? Shoppers have lots of choices when shopping for low-cost Ford Mustang insurance. You can either spend your time calling around to compare prices or save time using the internet to compare rates. There are both good and bad ways to compare auto insurance rates and we’ll show you the proper way to get price quotes on a Ford and locate the lowest possible price either online or from local insurance agents.

Save a ton by taking advantage of discounts

Some providers don’t always advertise their entire list of discounts in a way that’s easy to find, so we took the time to find a few of the more common and also the lesser-known credits that you can use to lower your rates.

  • First Accident Forgiveness – but some insurance companies will turn a blind eye to one accident without getting socked with a rate hike so long as you are claim-free before the accident.
  • 55 and Retired – If you qualify as a senior citizen, you could receive a small discount on rates for Mustang coverage.
  • Discount for Multiple Policies – When you have multiple policies and insure them both with the same insurance company you will save over 10 percent off each policy depending on the company.
  • Discount for Passive Restraints – Cars that have air bags may earn rate discounts of 20 to 30 percent.
  • Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn a break if you buy life insurance from them.

Keep in mind that most discount credits are not given to the overall cost of the policy. Most cut individual premiums such as collision or personal injury protection. So when the math indicates it’s possible to get free car insurance, you’re out of luck.

A few companies who may offer some of the above discounts may include but are not limited to:

Check with each company or agent which discounts can lower your rates. Some of the discounts discussed earlier might not be offered on policies in your area.

How to compare free insurance rate quotes

Lowering your 2016 Ford Mustang insurance rates is an easy way to save money. You just have to take a couple of minutes comparing rates to discover which company has low cost car insurance quotes. This can be done in just a few minutes using one of these methods.

  • The most recommended method consumers can make multiple comparisons would be an industry-wide quote request form (click to open form in new window). This style of form saves time by eliminating boring form submissions for every prospective company. Taking the time to complete one form gets you price quotes from insurance companies with the best prices. This is by far the quickest method.
  • A less efficient way to shop for insurance online requires you to visit the website for each individual company to complete a price quote. For sake of this example, we’ll assume you are doing a rate comparison from Allstate, Liberty Mutual and GEICO. To get rate quotes you would need to go to every website and type in your information over and over, which can be really labor intensive.

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

Whichever way you choose to compare rates, be sure to compare equivalent coverage limits with each company. If you enter different coverage information it will be next to impossible to determine which company has the best rates.

Four things that affect your insurance rates

Multiple criteria are part of the equation when you get a price on insurance. Some are obvious such as your driving history, but some are not quite as obvious like your continuous coverage or how financially stable you are.A large part of saving on auto insurance is knowing some of the factors that aid in calculating your policy premiums. If you understand what positively or negatively impacts your premiums, this helps enable you to make changes that can earn you lower rates.

  • Improve your credit rating – Having a good credit history can be a huge factor in determining what you pay for auto insurance. So if your credit history can be improved, you could be paying less to insure your 2016 Ford Mustang by taking the time to improve your credit score. People that have very good credit scores tend to file fewer claims and have better driving records as compared to drivers with lower credit scores.
  • Prices are affected by your address – Living in less populated areas has it’s advantages when insuring your vehicles. Fewer people translates into fewer accident claims in addition to fewer liability claims. Urban drivers have to deal with more road rage incidents and more time behind the wheel. Longer commute distances statistically corresponds to a higher accident and claim rate.
  • Marriage can lower costs – Having a wife or husband can actually save you money when shopping for auto insurance. Marriage translates into being more responsible and it’s statistically proven that drivers who are married are more cautious.
  • Is your vehicle theft-ready? – Choosing to buy a car with advanced anti-theft systems can help bring down rates. Anti-theft features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder your car from being stolen.

How much insurance do I need?

When buying coverage, there really is not a “best” method to buy coverage. Every insured’s situation is different.

For instance, these questions can help discover if your situation might need professional guidance.

  • Does my medical payments coverage pay my health insurance deductible?
  • What is covered by UM/UIM coverage?
  • Am I covered if I hit a deer?
  • Do I need motorclub coverage?
  • Do I need more liability coverage?
  • Should I bundle my homeowners policy with my auto?
  • How do I file an SR-22 for a DUI in my state?

If you can’t answer these questions but a few of them apply then you might want to talk to an insurance agent. To find lower rates from a local agent, simply complete this short form. It only takes a few minutes and can provide invaluable advice.

Insurance coverage basics

Knowing the specifics of your policy aids in choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording.

Collision coverage

Collision coverage will pay to fix damage to your Mustang resulting from a collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like driving through your garage door, colliding with a tree and sideswiping another vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible to bring the cost down.

Coverage for liability

Liability coverage protects you from damage that occurs to people or other property. It protects you from claims by other people. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability coverage pays for things like loss of income, bail bonds and pain and suffering. How much liability coverage do you need? That is up to you, but consider buying as large an amount as possible.

Comprehensive coverage

This covers damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like rock chips in glass, vandalism and fire damage. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for funeral costs, nursing services and EMT expenses. They can be used in conjunction with a health insurance plan or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered claims include injuries to you and your family and damage to your Ford Mustang.

Since a lot of drivers only purchase the least amount of liability that is required, 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.

Compare but don’t skimp

Some insurance companies may not have online rate quotes and most of the time these regional carriers sell through independent insurance agencies. Discount 2016 Ford Mustang insurance is attainable on the web and from local agencies, and you should compare rates from both to get a complete price analysis.

We just presented many ways to compare 2016 Ford Mustang insurance premium rates online. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding cheap car insurance. You may even discover the most savings is with the least-expected company.

When getting car insurance quotes online, make sure you don’t reduce needed coverages to save money. There are a lot of situations where an insured cut liability coverage limits only to find out that a couple dollars of savings turned into a financial nightmare. Your goal should be to get the best coverage possible at the best possible price, but do not sacrifice coverage to save money.

Much more information about insurance can be found at the links below