Save on 1996 Ford Mustang SVT Cobra Car Insurance Rates

No car owner rejoices having to buy car insurance, especially when the cost is way too high. Many car insurance companies compete for your hard-earned dollar, and it can be difficult to compare rates to find the absolute cheapest price

It is always a good idea to price shop coverage yearly due to the fact that insurance rates change frequently. Even if you think you had the lowest premium rates on Mustang SVT Cobra insurance a year ago a different company probably has better prices today. Forget all the misinformation about car insurance because you’re about to learn how to use online quotes to find the best coverage while lowering your premiums.

If you have a current auto insurance policy or need a new policy, you can follow these tips to shop for the lowest rates and possibly find even better coverage. Choosing the best insurance company for you is quite easy. Consumers just need to learn the tricks to get comparison rates online.

Compare car insurance rates

Effectively comparing car insurance prices can take time and effort if you aren’t aware of the easiest way. You could waste time discussing policy coverages with insurance agencies in your area, or you can stay home and use online quotes to maximize your effort.

Many companies belong to a marketplace where insurance shoppers submit one quote, and every company returns a rated price based on the submitted data. This saves time by eliminating quote requests to each individual car insurance company. To use this form to compare rates click here to start a free quote.

One minor caviat to using this type of form is you are unable to specify which providers to get pricing from. So if you prefer to pick specific insurance companies to compare rates, we have assembled a list of the cheapest car insurance companies in your area. Click to view list.

It’s your choice how you get your quotes, but make sure you use equivalent coverages and limits on every quote you get. If your comparisons have different limits and deductibles on each one it will be very difficult to find the best deal for your Ford Mustang SVT Cobra.

Misconceptions in insurance coverage advertisements

Consumers constantly see and hear ads for the lowest price insurance coverage from companies such as Progressive, Geico, Allstate and State Farm. They all seem to advertise claims of big savings if you move your policy.

How is it possible that every company can charge you a lower premium? Here is how they do it.

All companies have specific criteria for the type of customer that will add to their bottom line. For example, this type of driver may need to be between the ages of 40 and 55, has few claims, and drives less than 7,500 miles a year. A customer that hits that “sweet spot” may get the lowest prices and most likely will save money with a new company.

People who are not a match for the “perfect” profile will be charged more expensive rates and the customer not buying. The ads say “customers that switch” not “everyone that quotes” can save as much as they claim. This is how insurance companies can lure you into getting a quote. Because each company has a different risk profile, it is so important to compare as many free auto insurance quotes as you can. It is just not possible to predict with any certainty which company will give you lower prices than your current company.

Why your insurance rates might be higher

Many things are considered when quoting car insurance. Some are pretty understandable such as your driving history, but other factors are not as apparent such as your marital status or your vehicle rating.

• Getting married equates to better costs – Having a significant other may earn you lower rates when buying insurance. It is viewed as being more stable financially and it’s proven that married drivers get in fewer accidents.
• Multi-policy discounts can save money – Lots of companies will award discounts to customers that purchase more than one policy. It’s known as a multi-policy discount. Even with this discount applied, it’s in your best interest to compare other company rates to make sure you are getting the best deal.
• Policy add-ons can waste money – Policies have extra coverages that can add up if you aren’t careful. Coverage for things like vanishing deductibles, accidental death, and motor club memberships may not be needed and are just wasting money. They may seem good initially, but your needs may have changed so remove them from your policy.
• Deter theft and pay less – Purchasing a vehicle with an alarm system can get you a discount on your insurance. Theft prevention features like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all hinder your car from being stolen.
• You might want pay the inexpensive insurance claims yourself – Car insurance companies give the best rates to insureds who do not rely on their insurance for small claims. If you file a lot of claims you can definitely plan on higher premiums or even policy non-renewal. Your car insurance is intended for the bigger claims that can’t be paid out-of-pocket.
• Save miles driven and save money – The more miles you rack up on your Ford in a year the more you’ll pay to insure your vehicle. A lot of insurance companies charge to insure your cars based upon how you use the vehicle. Autos that do not get driven very much can be on a lower rate level than vehicles that have high annual mileage. Having the wrong rating on your Mustang SVT Cobra is just wasting money. It’s a good idea to make sure your insurance policy is showing the correct usage for each vehicle.

Affordable car insurance quotes with discounts

Some insurance providers don’t list every disount available very clearly, so the below list has a few of the more common and also the lesser-known credits available to you.

• Safety Restraint Discount – Forcing all vehicle occupants to buckle up before driving can save 10% or more on the medical payments or PIP coverage costs.
• Discount for Life Insurance – Some insurance carriers give a small discount if you purchase auto and life insurance together.
• Accident Forgiveness Coverage – This one is not really a discount per se, but a few companies such as Allstate and State Farm allow you one accident before hitting you with a surcharge if your claims history is clear prior to the accident.
• No Claim Discounts – Insureds who avoid accidents and claims pay less in comparison with accident-prone drivers.
• Onboard Data Collection – Drivers that enable their car insurance company to monitor 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 if they exhibit good driving behavior.
• Memberships – Joining a professional or civic organization could earn you a nice discount on your bill.

One thing to note about discounts is that most discount credits are not given to your bottom line cost. Most only reduce individual premiums such as physical damage coverage or medical payments. Despite the appearance that having all the discounts means you get insurance for free, it doesn’t quite work that way. Any amount of discount should definitely cut the amount you pay for coverage.

Some of the larger companies that have most of the discounts above include:

• Progressive
• Geico
• State Farm
• Esurance
• The Hartford

Before purchasing a policy, check with every company how you can save money. Some of the earlier mentioned discounts may not be available in every state. To see insurance companies that offer some of these discounts, click here to view.

Tailor your insurance coverage coverage to you

When choosing proper insurance coverage, there really is not a one size fits all plan. Your needs are not the same as everyone else’s so your insurance should reflect that Here are some questions about coverages that can aid in determining if your insurance needs may require specific advice.

• Why is insurance for a teen driver so high?
• Is other people’s property covered if stolen from my vehicle?
• When should my teen driver be added to my policy?
• Is a blown tire covered by insurance?
• Is there coverage for injuries to my pets?
• Am I covered when driving in Canada or Mexico?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies. It’s fast, free and can help protect your family.

Parts of your car insurance policy

Learning about specific coverages of your car insurance policy helps when choosing the right coverages and the correct deductibles and limits. Policy terminology can be confusing and nobody wants to actually read their policy. Below you’ll find the usual coverages available from car insurance companies.

Comprehensive coverage

This pays for damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as rock chips in glass, fire damage, damage from flooding and theft. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Liability coverage

This coverage can cover damage or injury you incur to people or other property that is your fault. It protects YOU from claims by other people, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 100/300/100 which means $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability coverage pays for claims like loss of income, medical services, attorney fees, repair costs for stationary objects and court costs. How much liability coverage do you need? That is a personal decision, but buy as high a limit as you can afford.

Medical payments coverage and PIP

Med pay and PIP coverage provide coverage for short-term medical expenses such as surgery, chiropractic care, rehabilitation expenses, hospital visits and doctor visits. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision coverage protection

This pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as colliding with another moving vehicle, sideswiping another vehicle and colliding with a tree. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea.

More comparisons equals lower rates

You just read many ideas to get a better price on 1996 Ford Mustang SVT Cobra insurance. The key thing to remember is the more rate comparisons you have, the better chance you’ll have of finding the cheapest auto insurance. You may be surprised to find that the best price on auto insurance is with some of the smallest insurance companies. These smaller insurers may only write in your state and offer lower car insurance rates compared to the large companies like State Farm and Allstate.

Some companies may not provide online rate quotes smaller providers sell through independent agents. Lower-priced auto insurance can be purchased on the web as well as from insurance agents, so compare prices from both so you have a total pricing picture.

Additional auto insurance information is located at the links below

• Choosing a Car for Your Teen (State Farm)
• Auto Insurance FAQ (Farmers Insurance)
• Side Impact Crash Tests (iihs.org)
• Airbag FAQ (iihs.org)