Compare 2004 Ford Mustang Car Insurance Rates

Trying to find lower car insurance rates for your Ford Mustang? Did you fall for a flashy sales pitch and buy an overpriced car insurance policy? Don’t feel bad because you are not the only one feeling buyer’s remorse. Due to the large number of insurance companies to choose from, it is hard for the average consumer to choose the most affordable car insurance company.

Choosing the best insurance company for you is not rocket science. If you have insurance now or are looking for a new policy, you can use this information to find better prices while maintaining coverages. Drivers just need to learn the most efficient way to compare rates over the internet.

Drivers save money with these money-saving discounts

Some companies don’t always publicize all disounts very clearly, so the list below gives a summary of both the well known as well as the least known credits available to bring down your rates.

• Lower Rates for Military – Having an actively deployed family member may lower your insurance coverage rates slightly.
• Discounts for New Vehicles – Buying a new car instead of a used car can get you a discount since new vehicles are generally safer.
• Drive Safe and Save – Insureds without accidents can get discounts for up to 45% lower rates for Mustang insurance than less cautious drivers.
• Drivers Ed for Students – Require your teen driver to enroll in driver’s education as it can save substantially.
• Theft Prevention Discount – Vehicles that have factory alarm systems and tracking devices are stolen less frequently so companies will give you a small discount.
• Low Mileage – Keeping the miles down on your Ford could qualify for lower rates due to less chance of an accident.
• Memberships – Being in a professional or civic organization is a good way to get lower rates on your bill.

Just know that most discount credits are not given to the overall cost of the policy. Most only cut individual premiums such as medical payments or collision. So even though you would think you would end up receiving a 100% discount, insurance coverage companies aren’t that generous. Any amount of discount will definitely reduce your policy premiums.

A list of insurance coverage companies and a partial list of their discounts can be found below.

• State Farm may have discounts that include multiple autos, Steer Clear safe driver discount, passive restraint, safe vehicle, accident-free, and multiple policy.
• Farmers Insurance has discounts for teen driver, distant student, alternative fuel, bundle discounts, youthful driver, and homeowner.
• Geico policyholders can earn discounts including federal employee, good student, driver training, five-year accident-free, and defensive driver.
• American Family has savings for TimeAway discount, accident-free, good student, bundled insurance, and multi-vehicle.
• Nationwide may include discounts for Farm Bureau membership, defensive driving, anti-theft, business or organization, and family plan.
• Progressive includes discounts for continuous coverage, online quote discount, multi-vehicle, multi-policy, online signing, and good student.

Before purchasing a policy, check with every prospective company which discounts you may be entitled to. Savings may not apply in every state. For a list of insurance coverage companies that offer multiple discounts, click here to view.

Quote insurance online

Reducing your 2004 Ford Mustang insurance rates can be relatively painless. You just need to spend a few minutes on the computer comparing price quotes online from several insurance companies. Comparing prices online can be done using a couple different methods.

Probably the best way to get quotes is to use a rate comparison form like this one (opens in new window). This easy form saves time by eliminating separate quote forms for each company. Filling out one form compares rates from multiple companies.

A different way to compare prices requires a trip to each individual company website to complete a price quote. For instance, let’s say you want to get rates from Auto-Owners, Geico and Liberty Mutual. You would be required to spend time going to each site individually and enter your policy data, which can take a lot of time.

For a handy list of car insurance company links in your area, click here.

Whichever way you use, try to keep apples-to-apples coverage data for each price quote. If you enter unequal deductibles or liability limits it’s impossible to make an equal comparison.

Do I need special coverages?

When buying adequate coverage for your vehicles, there is no “perfect” insurance plan. Each situation is unique so this has to be addressed. These are some specific questions can aid in determining whether or not you would benefit from professional advice.

• When would I need rental car insurance?
• Is my Ford Mustang covered if I use it for business?
• If I drive on a suspended license am I covered?
• Do I need added coverage for expensive stereo equipment?
• What is UM/UIM insurance?
• Is my vehicle covered by my employer’s policy when using it for work?
• Are all vehicle passengers covered by medical payments coverage?
• Do I need medical payments coverage since I have good health insurance?
• Is my trailer covered?
• Does my 2004 Ford Mustang need full coverage?

If you can’t answer these questions then you might want to talk to an insurance agent. To find 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 can provide invaluable advice.

Car insurance coverage considerations

Having a good grasp of your car insurance policy can help you determine the right coverages and proper limits and deductibles. Policy terminology can be ambiguous and reading a policy is terribly boring. Listed below are the usual coverages found on most car insurance policies.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses like chiropractic care, pain medications, funeral costs, nursing services and EMT expenses. The coverages can be used to fill the gap from your health insurance program or if you are not covered by health insurance. They cover all vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive coverages

This covers damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for things such as vandalism, damage from a tornado or hurricane, damage from getting keyed, hitting a bird and a broken windshield. The most your car insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Uninsured and underinsured coverage

This protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants and damage to your Ford Mustang.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.

Liability coverage

This coverage can cover damage or injury you incur to a person or their property by causing an accident. This insurance protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 50/100/50 which means a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability insurance covers things such as repair costs for stationary objects, pain and suffering and medical expenses. How much liability coverage do you need? That is a decision to put some thought into, but buy as high a limit as you can afford.

Collision protection

This pays to fix your vehicle from damage caused by collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as backing into a parked car, colliding with a tree, rolling your car and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to save money on collision insurance.

Spend less. Save more.

Some insurance providers may not have the ability to get a quote online and these regional carriers only sell through independent agents. The cheapest 2004 Ford Mustang insurance is available both online as well as from insurance agents, and you should compare price quotes from both in order to have the best chance of saving money.

You just read a lot of ways to save on 2004 Ford Mustang insurance. The key thing to remember is the more companies you get prices for, the higher your chance of finding cheaper auto insurance. Drivers may discover the biggest savings come from a company that doesn’t do a lot of advertising. These companies may cover specific market segments cheaper compared to the large companies like State Farm and Allstate.

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

• How do I File a Claim? (Insurance Information Insitute)
• Collision Coverage (Liberty Mutual)
• Teen Driver Licensing Information (iihs.org)
• Side Impact Crash Tests (iihs.org)