Want the cheapest auto insurance rates for your Ford Mustang? Tired of being strong-armed to pay high auto insurance rates every month? Your situation is no different than most other drivers.
Popular companies such as Allstate, Liberty Mutual and State Farm continually bombard you with ads and consumers find it hard to ignore the flying pigs and cute green geckos and effectively compare rates to find the best deal.
Some insurance providers do not advertise every discount very clearly, so we took the time to find a few of the more well known in addition to some of the lesser obvious auto insurance savings. If you aren’t receiving every discount you qualify for, you’re just leaving money on the table.
It’s important to note that most discounts do not apply to your bottom line cost. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Despite the fact that it seems like having all the discounts means you get insurance for free, you’re out of luck.
Some companies who may offer these money-saving discounts include:
Before you buy a policy, ask each insurance company which discounts can lower your rates. All car insurance discounts might not be offered on policies everywhere. To choose insurers who offer discounts, click here.
When choosing proper insurance coverage for your vehicles, there is no “perfect” insurance plan. Every situation is different and your policy should reflect that. These are some specific questions might help in determining if your insurance needs will benefit from professional help.
If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier
Learning about specific coverages of a insurance policy helps when choosing the right coverages for your vehicles. Insurance terms can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverages found on most insurance policies.
Coverage for medical expenses
Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses for surgery, pain medications, dental work, doctor visits and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants and will also cover being hit by a car walking across the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage
This coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers claims like falling objects, hitting a deer, a broken windshield, hitting a bird and damage from getting keyed. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
This coverage protects you from injuries or damage you cause to a person or their property that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 100/300/100 which means a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Occasionally you may see a combined single limit or CSL that pays claims from the same limit without having the split limit caps.
Liability coverage pays for things like repair bills for other people’s vehicles, repair costs for stationary objects and attorney fees. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.
Coverage for uninsured or underinsured drivers
Your UM/UIM coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Ford Mustang.
Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Normally the UM/UIM limits are identical to your policy’s liability coverage.
Collision insurance pays for damage to your Mustang resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage pays for things like driving through your garage door, colliding with another moving vehicle, rolling your car, damaging your car on a curb and crashing into a building. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Another option is to raise the deductible to get cheaper collision coverage.
Lower-priced 2000 Ford Mustang insurance is attainable on the web as well as from insurance agents, and you should be comparing both in order to have the best price selection to choose from. There are still a few companies who may not have the ability to get quotes online and many times these regional insurance providers work with local independent agents.
As you go through the steps to switch your coverage, it’s not a good idea to reduce coverage to reduce premium. In too many instances, someone sacrificed comprehensive coverage or liability limits only to discover later that the few dollars in savings costed them thousands. The proper strategy is to find the BEST coverage at the lowest possible cost, but don’t skip important coverages to save money.
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