1997 Ford Mustang SVT Cobra Car Insurance Rates

Trying to find lower auto insurance rates? Buyers have many options when searching for the best price on Ford Mustang SVT Cobra insurance. You can either waste hours struggling with agents to compare prices or utilize the internet to get rate quotes.

There is a better way to find auto insurance online so we’re going to tell you the best way to compare rates for a Ford and obtain the cheapest rates from local insurance agents and online providers.

The quickest way to compare insurance rates from multiple companies utilizes the fact most of the bigger providers will pay a fee to give you rate quotes. All consumers are required to do is give them rating details including if you are currently licensed, how much school you completed, an estimate of your credit level, and what your job is. That rating information is instantly submitted to multiple companies and you will receive price estimates instantly.

Auto insurance policy discounts

Some companies don’t always list every possible discount very well, so here is a list both well-publicized in addition to some of the lesser obvious credits that you can use to lower your rates.

  • Active Service Discounts – Being deployed with a military unit could mean lower auto insurance rates.
  • Include Life Insurance and Save – Not every insurance company offers life insurance, but if they do you may earn a lower premium rate if you buy life insurance from them.
  • Defensive Driver – Participating in a course in safe driver may get you a small discount if you qualify.
  • Telematics Data – Insureds who allow driving data collection to monitor driving manner by installing a telematics device like In-Drive from State Farm and Progressive’s Snapshot could save a few bucks if their driving habits are good.
  • Good Grades Discount – Maintaining excellent grades can get you a discount of up to 25%. This discount can apply up until you turn 25.
  • No Charge for an Accident – Not a discount per se, but companies like GEICO, Progressive, and Allstate will forgive one accident before they charge you more for coverage if you have no claims prior to the accident.
  • Multiple Vehicles – Drivers who insure more than one vehicle on the same auto insurance policy may reduce the rate for each vehicle.
  • Organization Discounts – Being a member of specific professional or occupational memberships or organizations may earn a discount on your next auto insurance statement.
  • ABS Braking Discount – Anti-lock brake equipped vehicles prevent accidents so companies give up to a 10% discount.

It’s important to note that most discount credits are not given to the overall cost of the policy. A few only apply to specific coverage prices like comp or med pay. If you do the math and it seems like all those discounts means the company will pay you, it’s just not the way it works.

Companies and their possible discounts are outlined below.

  • Farm Bureau offers discounts for youthful driver, driver training, safe driver, multi-vehicle, 55 and retired, and multi-policy.
  • State Farm includes discounts for driver’s education, defensive driving training, multiple policy, multiple autos, and anti-theft.
  • Progressive offers discounts including homeowner, multi-policy, online quote discount, multi-vehicle, continuous coverage, good student, and online signing.
  • Allstate offers premium reductions for eSmart discount, good student, utility vehicle, multi-policy, 55 and retired, economy car, and premier discount.
  • Nationwide has discounts for business or organization, accident-free, multi-policy, Farm Bureau membership, and easy pay.
  • MetLife discounts include accident-free, good driver, good student, claim-free, and multi-policy.

If you need lower rates, check with all companies you are considering which credits you are entitled to. Savings may not be available in your area. To see companies who offer free auto insurance quotes, click here.

How do I know if I need professional advice?

When choosing adequate coverage for your vehicles, there really is not a “perfect” insurance plan. Each situation is unique.

These are some specific questions may help highlight whether or not you might need an agent’s assistance.

  • Does my insurance cover my expensive audio equipment?
  • Do I have coverage if my license is suspended?
  • Should I sign the liability waiver when renting a car?
  • How high should deductibles be on a 1997 Ford Mustang SVT Cobra?
  • Is business property covered if stolen from my car?
  • Am I covered if hit by an uninsured driver?
  • I don’t drive much so do I pay less?
  • Does my car insurance cover rental cars?
  • At what point should I drop full coverage?
  • Can I still get insurance after a DUI?

If you’re not sure about those questions but a few of them apply, you may need to chat with an agent. If you want to speak to an agent in your area, simply complete this short form. It only takes a few minutes and can help protect your family.

Insurance coverage specifics

Having a good grasp of your insurance policy can help you determine the right coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Most of the time these coverages are similar to your liability insurance amounts.

Comprehensive coverage

Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as theft, a tree branch falling on your vehicle and falling objects. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for things like EMT expenses, chiropractic care and surgery. The coverages can be used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Medical payments and PIP cover you and your occupants and also covers if you are hit as a while walking down the street. PIP is not an option in every state and gives slightly broader coverage than med pay

Liability coverages

Liability insurance protects you from damage or injury you incur to people or other property that is your fault. It protects you against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage protects against things such as loss of income, medical services, legal defense fees, bail bonds and repair costs for stationary objects. The amount of liability coverage you purchase is a decision to put some thought into, but buy as high a limit as you can afford.

Collision coverage protection

This will pay to fix damage to your Mustang SVT Cobra resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like sideswiping another vehicle, driving through your garage door, damaging your car on a curb and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. You can also raise the deductible to get cheaper collision coverage.

Comments About 1997 Ford Mustang SVT Cobra Insurance

  1. Hwa Kramer

    I live just to the west of Warwick, Rhode Island. Received quotes from GMAC, AAA, Nationwide, and a couple others for my Mustang SVT Cobra and I think I cut my rates about $30 each month. I just carry liability insurance.

  2. Melony Elliott

    What is UM/UIM coverage?

  3. Williemae Coleman

    I got decent rates for a 1997 Ford Mustang SVT Cobra in Shreveport, LA. Ended up at roughly $120 every six months with AAA. I don’t insure for physical damage though.

  4. Jacques Nieves

    Liked the article. I live just outside Fargo, North Dakota. Received prices from Amica, Nationwide, and Western Auto Insurance for my 1997 Ford Mustang SVT Cobra and I think I saved around $30 each month. Ask about discounts. Can still barely afford it. It’s only liability tho.

  5. Tamesha Joyce

    I live in a small town just outside of Jersey City, NJ. Quoted with MetLife, Farmers, State Farm, and AAA for my Mustang SVT Cobra and saved just over $100 a year. Even increased my liability limits. Did it all online.

  6. Glenda Bishop

    Cheap is not always the best policy. Quoted with The General for my Mustang SVT Cobra and saved around $60 a year. I’m thinking about dropping full coverage though.

  7. Lakenya Aguilar

    For me, Allstate was by far the cheapest in Salt Lake City, Utah.

  8. Javier Travis

    Well-written and thought out article. I live just to the east of Henderson, Nevada. Got car insurance rates from American Family, MetLife, and a few others for my Ford and saved $64 a year.

  9. Jaye Curtis

    Liked the article. I’m from Gulfport, Mississippi. I quoted with State Farm, Eastwood, and The General for my 1997 Ford Mustang SVT Cobra and I’m now saving $20 a month. Teenage drivers are expensive! I don’t have comp or collision coverage.