How Much Does 2005 Ford Mustang Insurance Cost?

Searching for better insurance rates for your Ford Mustang? Having to pay for high-priced insurance can drain your bank account and force you to make tough financial choices. Comparing cost estimates is free and is an excellent way to lower your bills every month.

Big-name insurance companies like Progressive, GEICO and Farmers Insurance increase brand awareness with ads and consumers find it hard to ignore the flashy ads and do the work needed to find the best deal.

How much is insurance coverage?

When comparison shopping, there are several ways to compare prices from lots of insurance coverage companies. The quickest method to find affordable 2005 Ford Mustang insurance rates is to perform an online rate comparison. This can be accomplished by using one of the methods below.

The easiest and least time consuming way to get quotes for comparison would be an industry-wide quote request form (click to open form in new window). This quick form keeps you from doing multiple quote forms for every insurance coverage company. A single, simple form will get you price quotes from several companies.

A more time consuming way to find lower rates is going to the website of each company and fill out a new quote form. For example, we’ll pretend you want to view quotes from State Farm, Progressive and Liberty Mutual. To get rate quotes you would need to navigate to each company’s site and punch in your information repeatedly, and that explains why we recommend the first method. For a list of links to companies insuring cars in your area, click here.

Which method you use is up to you, but double check that you are using nearly identical coverage limits and deductibles with every price quote. If you compare mixed coverages you can’t possibly decipher which rate is best. Just a small difference in limits could mean much higher rates. And when quoting insurance coverage, remember that making a lot of price comparisons will enable you to find more affordable rates. Some smaller insurers to not give price estimates online, so it’s important to compare rates from them, too.

Insurance agents can help

When choosing adequate coverage for your vehicles, there is no best way to insure your cars. Everyone’s situation is a little different so your insurance needs to address that. These are some specific questions may help you determine if you would benefit from an agent’s advice.

  • Will I lose any money if I cancel my policy before it expires?
  • Why am I required to buy liability insurance?
  • Does my insurance cover my expensive audio equipment?
  • Am I covered if hit by an uninsured driver?
  • When does my teenage driver need to be added to my policy?
  • Should I buy only the required minimum liability coverage?
  • Do I have coverage when making deliveries for my home business?

If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies.

Car insurance coverage information

Knowing the specifics of your policy can help you determine which coverages you need for your vehicles. Policy terminology can be confusing and even agents have difficulty translating policy wording. Listed below are the normal coverages found on most auto insurance policies.

Uninsured Motorist or Underinsured Motorist insurance

This provides protection from other drivers when they either have no liability insurance or not enough. Covered losses include injuries to you and your family as well as damage to your Ford Mustang.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Normally these coverages are similar to your liability insurance amounts.

Comprehensive coverage (or Other than Collision)

This coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as damage from a tornado or hurricane, hitting a bird and rock chips in glass. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Insurance for medical payments

Coverage for medical payments and/or PIP kick in for bills for ambulance fees, EMT expenses, funeral costs and dental work. They are often used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is only offered in select states and may carry a deductible

Coverage for liability

This coverage can cover damage or injury you incur to other people or property. This coverage protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

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 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Another option is a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers things such as court costs, pain and suffering, emergency aid, repair bills for other people’s vehicles and repair costs for stationary objects. How much liability coverage do you need? That is a personal decision, but buy higher limits if possible.

Collision coverage

Collision insurance pays for damage to your Mustang from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for claims such as hitting a mailbox, crashing into a ditch, crashing into a building, hitting a parking meter and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also increase the deductible to bring the cost down.

Comments About 2005 Ford Mustang Insurance

  1. Mack Holcomb

    Looking for cheaper 2005 Ford Mustang insurance in Louisville, KY. Help!

  2. Tracey England

    I’m in Fairbanks, AK, and Progressive rates were affordable. I get lower rates because of my clean driving record.

  3. Naida Byers

    I’m in the suburbs of Montgomery, AL. Quoted prices online for a 2005 Ford Mustang. Ended up at about $430 savings annually. Went with 21st Century. Left AAA to switch.

  4. Merle Sanders

    I got decent rates for a 2005 Ford Mustang in North Charleston, SC. Ended up at darn near $240 every six months with Amica. :P

  5. An Mckinney

    If you have a clean record and live in the vicinity of San Jose, CA, check out Allstate. You might save some money. Was with MetLife.

  6. Jennie Sargent

    I switched to Progressive. Quoted good rates in Seattle, Washington.

  7. Julieann Harper

    Will Allstate insure with a DUI in Wichita, KS?

  8. Meghann Conner

    Not sure if this is cheap. I live on the south side of Atlanta, GA. Quoted prices online for a 2005 Ford Mustang. Ended up at about $440 savings annually. Went with State Farm. Teenage drivers are expensive!

  9. Robert Buck

    Will Allstate raise rates after an accident?

  10. Ramiro Kemp

    I live on the east side of New Haven, CT. Don’t remember every company but I ended up saving about $60 each month.