1997 Ford Mustang Insurance Cost – 6 Ways to Save

When looking for cheaper insurance, are you confused by the sheer number of insurance sources available to you? Lot’s of other drivers are too. consumers have such a vast assortment of sources available that it can easily become a challenge to find the best prices.

It’s a good habit to check insurance prices periodically since rates are variable and change quite frequently. Despite the fact that you may have had the lowest premium rates for Mustang insurance six months ago you can probably find a better price now. You’ll find quite a bit of inaccurate information about insurance on the web, but you can learn some guaranteed methods to find affordable insurance.

If you are paying for car insurance now, you should be able to lower your premiums substantially using these methods. This article will let you in on the best way to quote coverages and some tips to save money. Although consumers do need to know how big insurance companies sell insurance online and take advantage of how the system works.

Free car insurance quotes

There are multiple methods to shop for car insurance, but there is one way that is less time-consuming than others. You could spend the better part of a day driving to insurance companies in your area, or you can utilize online quotes to get rate comparisons in just a few minutes.

Many insurance companies belong to a marketplace that enables customers to submit their information once, and each participating company returns a competitive quote determined by their information. This eliminates the need for quote requests to every company.

To find out how much you’re overpaying now click here to open in new window.

The only drawback to doing it this way is you are unable to specify which carriers to receive prices from. So if you want to select specific providers to compare prices, we have a page of the cheapest car insurance companies in your area. Click here to view list.

The approach you take is up to you, just double check that you are using the exact same coverages on every quote you get. If you are comparing different values for each quote it’s not possible to make a fair rate comparison. Slightly different limits can make a big difference in price. And when comparison shopping, more quotes will increase your chances of finding more affordable rates. Not every company allows you to get quotes online, so it’s necessary to compare price estimates from them as well.

Six discounts for cheaper car insurance quotes

Car insurance is not an enjoyable expense, but there are discounts available that many people don’t even know exist. Many discounts should be triggered when you quote, but less common discounts must be asked about prior to receiving the credit. If you check and find you aren’t receiving every discount you deserve, you are just wasting money.

  • Sign Online – A few car insurance companies will provide an incentive for signing up on the web.
  • Telematics Data – People who choose to allow their car insurance company to analyze driving habits by using a telematics device in their vehicle such as Snapshot from Progressive or Drivewise from Allstate could save a few bucks if they have good driving habits.
  • Discount for Home Ownership – Owning your own home or condo may earn you a small savings because it shows financial diligence.
  • Active Service Discounts – Having a deployed family member could qualify you for better prices.
  • Seat Belts Save – Drivers who require all occupants to fasten their seat belts can save up to 10 percent (depending on the company) off the PIP or medical payment premium.
  • New Vehicle Savings – Insuring a new car can save up to 30% because newer vehicles have to meet stringent safety requirements.

A little note about advertised discounts, most of the big mark downs will not be given the the whole policy. Most cut the cost of specific coverages such as physical damage coverage or medical payments. So even though you would think you would end up receiving a 100% discount, you’re out of luck.

To find insurance companies who offer online car insurance quotes, follow this link.

You may need specialized insurance coverage

When it comes to buying adequate coverage, there is no one size fits all plan. Everyone’s situation is a little different.

Here are some questions about coverages that can help discover whether your personal situation will benefit from professional help.

  • Am I covered if hit by an uninsured driver?
  • Is my ex-spouse still covered by my policy?
  • Am I covered if I crash into my own garage door?
  • When do I need to add a new car to my policy?
  • Should I carry comprehensive and collision coverage?
  • Is extra glass coverage worth it?
  • What is UM/UIM insurance?
  • Does having multiple vehicles earn me a discount?
  • When can my company non-renew my policy?
  • Do I have coverage when pulling a U-Haul trailer?

If you’re not sure about those questions but you know they apply to you, you might consider talking to a licensed agent. If you don’t have a local agent, take a second and complete this form.

Switch companies and save? Really?

Well-known car insurance companies like State Farm, Allstate and GEICO seem to constantly run ads on television and other media. All the companies say the same thing that drivers can save some big amount if you just switch your car insurance coverage to their company. It sounds good, but how can they all claim to save you money? You have to listen carefully.

Insurance providers quote their best rates for a prospective insured that makes them money. An example of a driver they prefer might be between the ages of 40 and 55, has a clean driving record, and has a high credit rating. A customer that hits that “sweet spot” will most likely get cheap auto insurance rates and will probably cut their rates if they switch.

Insureds who don’t meet these criteria will get a more expensive rate which usually ends up with the customer not buying. Company advertisements say “drivers who switch” not “everyone that quotes” save that much money. That is how companies can advertise the way they do.

That is why drivers must do a quote comparison often. Because you never know the company that will fit your personal profile best.

Auto insurance 101

Knowing the specifics of car insurance can help you determine the best coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Liability insurance – This provides protection from damage or injury you incur to other people or property that is your fault. This insurance protects YOU from claims by other people. It does not cover your own vehicle damage or injuries.

Liability coverage has 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 that translate to a limit of $25,000 per injured person, $50,000 for the entire accident, and property damage coverage for $25,000. Alternatively, you may have a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage protects against claims like bail bonds, loss of income, legal defense fees, medical services and structural damage. How much liability should you purchase? That is a personal decision, but buy as high a limit as you can afford.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage pay for expenses for funeral costs, prosthetic devices and dental work. They can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. They cover you and your occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Collision coverage – This pays to fix your vehicle from damage resulting from a collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as crashing into a ditch, sustaining damage from a pot hole, rolling your car and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. You can also increase the deductible to get cheaper collision coverage.

Comprehensive insurance – This will pay to fix damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as damage from getting keyed, hail damage, vandalism and a broken windshield. The maximum payout your car insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage gives you protection when other motorists either have no liability insurance or not enough. It can pay for injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Normally these coverages are set the same as your liablity limits.

Don’t throw your cash in the trash

When buying insurance coverage, don’t be tempted to sacrifice coverage to reduce premiums. In many cases, an insured dropped collision coverage only to regret they didn’t have enough coverage. Your focus should be to get the best coverage possible at the best price while not skimping on critical coverages.

Some companies may not provide the ability to get quotes online and these small insurance companies sell through independent agencies. The cheapest 1997 Ford Mustang insurance can be purchased online and from local insurance agents, and you should be comparing both in order to have the best price selection to choose from.

In this article, we covered quite a bit of information on how to get a better price on 1997 Ford Mustang insurance. The key thing to remember is the more quotes you get, the better likelihood of getting cheaper auto insurance. You may be surprised to find that the lowest rates are with some of the lesser-known companies.

To read more, take a look at the resources below:

Comments About 1997 Ford Mustang Insurance

  1. Laurence Lester

    Not sure what I should be paying. Found cheapest coverage with Encompass for my Mustang and cut my rates about $80 a year. Insured with Western Auto Insurance before. A clean driving record helps. It’s only liability tho.

  2. Yolando Mullins

    Just a quick comment on my experience. Live in Los Angeles, CA. Not sure of all the companies but I ended up saving about $20 each month. Have a couple speeding tickets too. It never hurts to quote around. Anyone else drop full coverage?

  3. Cherise Mathews

    What is UM/UIM coverage?

  4. Clark Noble

    Just a quick comment on my experience. I live in a small town just outside of Fairbanks, AK. Got prices from Progressive, Hanover, and Erie for my Mustang and saved $100 a year. Insured with GMAC before. Get lots of quotes to find the best rate.

  5. Jennie Morse

    Enjoyed the article. I’m in the suburbs of Knoxville, TN. Compared rates from a lot of places. Saved roughly $30 a month. Progressive was the cheapest for me. Insured with State Farm before. I have kids on my policy, too. Not sure if rates are cheaper online or through an agent.

  6. Tova Scott

    Great info, thanks for posting. I live in a small town just outside of Warren, MI. I got free quotes with Auto-Owners, Mercury, and Western Auto Insurance for my Ford and am saving around $100 a year. Was with AAA.

  7. Clare Jefferson

    Will GEICO raise rates for a rock chip claim?

  8. Laurinda Woodard

    From a town just southwest of Parkersburg, West Virginia. Quoted rates from AAA, Mercury, and a few others for my Mustang and saved just over $80 a year. Was with Mercury. They have a lot of discounts available. Just waiting to see how claims go. I don’t insure for physical damage though.

  9. Merry Willis

    I got quite a few price quotes for a 1997 Ford Mustang in Kansas City, Kansas. Ended up at darn near $90 every six months with Amica. Left Eastwood to switch. I even had a DUI years ago. Not sure about claim service.

  10. Janelle Roy

    In Nashua, NH, Allstate auto insurance rates for my 1997 Ford Mustang were good. I have a teen driver too. Bought it from an online quote.