View 2001 Ford Mustang Car Insurance Rates

Sick and tired of scraping nickels together to pay your auto insurance bill each month? You’re in the same situation as millions of other people. There are many auto insurance companies to choose from, and although it’s nice to have a selection, having more insurance companies makes it harder to compare rates and cut insurance costs.

You should make it a habit to get comparison quotes before your next renewal because auto insurance prices tend to go up over time. If you had the lowest price for Mustang insurance a few years ago you can probably find a better rate now. Forget anything you know (or think you know) about auto insurance because you’re about to learn the fastest way to eliminate unnecessary coverages and save money.

Low cost auto insurance prices

Most larger insurance companies like Allstate and Progressive allow consumers to get prices for coverage direct online. Comparing rates online doesn’t take much effort because it’s just a matter of typing in the coverages you want into the quote form. Upon sending the form, their rating system requests information on your driving record and credit history and returns a price quote. This makes comparing rates easy, but the process of having to visit each company’s website and repetitively type in the same data is a waste of time. But it’s very important to get many rate quotes if you are searching for the best price on auto insurance.

The quickest way to compare auto insurance pricing is to use a quote form to get prices from more than one company. It’s a real time-saver, eliminates repetitive work, and makes online price comparison much easier. As soon as the form is sent, it is rated with multiple companies and you can pick any of the quotes that you receive.

If one or more price quotes are lower than your current rates, you simply finish the application and purchase coverage. The entire process takes just a few minutes to complete and you will find out if you’re overpaying now.

In order to compare rates using this form now, click here and enter your vehicle and coverage information. If you have a policy now, it’s recommended that you enter coverages and limits as shown on your current policy. This helps ensure you are getting a fair comparison for similar coverage.

Don’t be fooled by advertising claims

Drivers can’t escape the ads that claim the best car insurance rates by companies like Allstate and Progressive. They all tend to make the same promise about how much you will save just by moving your auto insurance policy to them.

How is it plausible that every one can claim to save you money? This is how they do it.

Insurance providers give the cheapest rates for a prospective insured that is profitable for them. A good example of a desirable insured should be between 25 and 40, has never had a claim, and has a high credit rating. Any driver that hits that “sweet spot” will get a cheap rate quote and will save when switching.

Potential customers who don’t qualify for the “perfect” profile will be charged a higher premium which usually ends up with the customer buying from someone else. The trick companies use is to say “people that switch” not “everybody who quotes” can save as much as they claim. That’s why companies can make those statements.

Because of this risk profiling, drivers must do a rate comparison at every renewal. Because you cannot predict with any certainty which company will fit you best based on your risk profile.

Discounts can really help lower rates

Some insurers do not advertise every disount available in a way that’s easy to find, so the list below gives a summary of some of the more common and also the more inconspicuous discounts you could be receiving when you buy auto insurance online.

  • Professional Memberships – Affiliation with certain professional organizations could trigger savings when shopping for insurance.
  • Waiver for an Accident – Not necessarily a discount, 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.
  • Discount for Home Ownership – Being a homeowner can get you a discount because it is proof of financial responsibility.
  • Drivers Ed for Students – Teen drivers should complete a driver education course in school or through a local driver safety program.
  • Military Rewards – Being on active duty in the military could trigger a small discount.
  • Pay Early and Save – If you can afford to pay the entire bill instead of making monthly payments you can actually save on your bill.
  • Seat Belts Save – Drivers who require all vehicle occupants to fasten their seat belts can save 10% or more on the premium charged for medical payments and/or PIP.

Remember that some of the credits will not apply to all coverage premiums. Most only reduce the cost of specific coverages such as physical damage coverage or medical payments. Even though it appears you could get a free insurance policy, you aren’t that lucky.

To see a list of providers with the best discounts, follow this link.

Will just any policy work for me?

When it comes to choosing proper insurance coverage, there isn’t really a perfect coverage plan. Every insured’s situation is different and a cookie cutter policy won’t apply. Here are some questions about coverages that may help highlight whether or not you will benefit from professional help.

  • What is medical payments coverage?
  • Is my babysitter covered when using my vehicle?
  • Is my ex-spouse still covered by my policy?
  • Should I sign the liability waiver when renting a car?
  • Does insurance cover tools stolen from my truck?
  • What if I total my 2001 Ford Mustang and owe more than it’s worth?
  • I don’t drive much so do I pay less?
  • What vehicles should carry emergency assistance coverage?
  • Is my dog or cat covered if injured in an accident?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and may give you better protection.

Auto insurance coverage specifics

Understanding the coverages of a auto insurance policy can help you determine the best coverages and proper limits and deductibles. Policy terminology can be impossible to understand and coverage can change by endorsement. Below you’ll find the usual coverages found on most auto insurance policies.

Comprehensive coverages

Comprehensive insurance coverage covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like damage from flooding, hitting a deer, fire damage, a tree branch falling on your vehicle and hail damage. The maximum amount your auto insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your Ford Mustang.

Since a lot of drivers 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 important protection for you and your family. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Liability coverages

This coverage will cover damages or injuries you inflict on other people or property that is your fault. It protects you against other people’s claims. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Another option is a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage protects against things such as attorney fees, repair bills for other people’s vehicles, repair costs for stationary objects, medical services and emergency aid. How much liability coverage do you need? That is up to you, but buy as large an amount as possible.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for expenses such as ambulance fees, EMT expenses and prosthetic devices. They are often utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Collision coverage protection

This covers damage to your Mustang from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as damaging your car on a curb, backing into a parked car, driving through your garage door and scraping a guard rail. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Final considerations

When trying to cut insurance costs, never reduce needed coverages to save money. In too many instances, an insured dropped collision coverage only to find out that it was a big mistake. Your objective should be to purchase plenty of coverage at a price you can afford.

Cheaper auto insurance can be sourced on the web and from local insurance agents, and you should compare rates from both so you have a total pricing picture. A few companies don’t offer rate quotes online and these small, regional companies prefer to sell through independent agents.

More information

Comments About 2001 Ford Mustang Insurance

  1. Harriette Berger

    In Seattle, WA try Allstate or Progressive. Both had decent prices.

  2. Gwyneth Fuentes

    Thanks for putting this site together. I’m in the suburbs of Saint Louis, Missouri. Compared quite a few companies. Saved about $10 a month. Progressive was the most affordable for me. BTW speeding tickets are not good. It’s easy to compare rates online now.

  3. Laureen Yates

    I got a good deal I think. I’m in the suburbs of Kansas City, KS. I got free quotes with Allstate, AAA, and some I forget for my Ford and saved about $110 a year. Are quotes cheaper online? I only have liability coverage on it.

  4. Demetrius Case

    Enjoyed the article. I live in a small town just outside of North Charleston, SC. I quoted with GMAC, American Family, MetLife, and a couple others for my Mustang and cut my rates about $70 a year. I have a teen driver too. It’s still not cheap enough.

  5. Sheba Campbell

    I’m in Columbia, South Carolina, and Allstate rates were affordable. Left Progressive to switch. I’m a pretty low risk driver. It’s easy to compare rates online now. Just liability coverage since it’s getting old.

  6. Liliana Reilly

    I live just outside Billings, Montana. Got quotes with Safeco, Esurance, GEICO, and American Family for my 2001 Ford Mustang and I’m now saving $10 a month.

  7. Brynn Head

    Great info, thanks for posting. I’m in the east part of Owensboro, KY. I compared lots of rates. Saved right around $30 a month. State Farm was the best choice for me. Insured with Travelers before. Not sure if rates are cheaper online or not.

  8. Merlyn Kidd

    I live just to the west of Cranston, RI. Got car insurance quotes with American Family, Sentry, and Western Auto Insurance for my Ford and saved $67 a year. I even had a DUI years ago. Bought it from an online quote.

  9. Kemberly Christensen

    From east side of Kansas City, Missouri. Got car insurance quotes from GEICO, Liberty Mutual, and Farmers for my Mustang and I think I am saving around $30 each month. :P

  10. Wm May

    Cheap is not always the best policy. I live on the west side of Columbia, SC. Went online for free insurance quotes for a 2001 Ford Mustang. Ended up at about $90 savings annually. Went with 21st Century.

  11. Columbus Berger

    Hope my car insurance gets cheaper. I’m just south of Shreveport, LA. Quoted with Amica, Eastwood, and Mercury for my Mustang and saved $100 a year. I think they have home insurance too. Are quotes cheaper online?

  12. Elizabeth Patrick

    Located in Little Rock, AR. I quoted with GEICO, Hartford, and Farmers for my Mustang and I’m now saving $11 a month. Insured with Sentry before. Have a couple speeding tickets too.

  13. Donald Bryan

    Does Allstate insure after a DUI?

  14. Tasha Dale

    Enjoyed the article. From northwest of Seattle, WA. I got free quotes from Western Auto Insurance, AIG Insurance, Liberty Mutual, and Nationwide for my Mustang and saved around $60 a year. God forbid I actually have a claim.

  15. Olinda Morris

    In Cincinnati, Ohio, GEICO auto insurance rates for my 2001 Ford Mustang were good. BTW speeding tickets are not good. I’m thinking about dropping full coverage though.

  16. Stuart Wallace

    If you have a good history and live around Evansville, IN, check out GEICO. You might get cheaper rates. I get multi-vehicle and multi-policy discounts. Only insure liability on my Ford.

  17. Annice Diaz

    Checking in from Worcester, MA. Received quotes from 21st Century, The General, and Erie for my Ford and I’m now saving $12 a month. I get lower rates because of my clean driving record. Not sure if rates are cheaper online or not. Liability only on my Mustang.