Compare 2008 Ford Mustang Insurance Cost

Looking for lower car insurance rates for your Ford Mustang? Have you fallen victim to an underperforming, overpriced car insurance policy? Say no more because there are lots of people in the same boat.

Popular companies such as Geico and Progressive all promote huge savings with TV and radio ads and consumers find it hard to not get sucked in by the cute commercials and effectively compare rates to find the best deal.

The method we recommend to compare policy rates is to realize all the major auto insurance companies have advanced systems to provide you with a free rate quote. The one thing you need to do is give them some information such as the make and model of your vehicles, if you require a SR-22, how much education you have, and daily mileage. That information is instantly submitted to multiple insurance providers and you should receive rate quotes almost instantly.

If you wish to get multiple quotes for your Ford Mustang now, click here and complete the form.

Do you qualify for discounts?

Companies offering auto insurance don’t always list every discount they offer in an easy-to-find place, so the following list contains a few of the more common and also the lesser-known discounts that you may qualify for.

• Telematics Data – Insureds that choose to allow their company to track when and where they use their vehicle by using a small device installed in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive may see discounts if they are good drivers.
• Low Mileage Discounts – Low mileage vehicles can qualify you for cheaper prices.
• Student Discount for Driver Training – Make teen driver coverage more affordable by requiring them to participate in a local driver’s education class in school.
• Seat Belts Save more than Lives – Buckling up and requiring all passengers to fasten their seat belts could save 15% off PIP or medical payments premium.
• Discounts for Multiple Vehicles – Drivers who insure multiple cars or trucks on a single policy can reduce the rates for all insured vehicles.

A quick disclaimer, most discounts do not apply to your bottom line cost. The majority will only reduce individual premiums such as medical payments or collision. Despite the appearance that you could get a free auto insurance policy, it just doesn’t work that way.

A few companies who may offer these money-saving discounts include:

• Geico
• Travelers
• Farm Bureau
• Liberty Mutual
• American Family
• Progressive

When quoting, ask all companies you are considering which discounts they offer. Savings may not apply to policyholders in your area. If you would like to see a list of insurers who offer free auto insurance quotes, click here to view.

Find more affordable auto insurance with these tips

Part of the auto insurance buying process is learning a few of the rating criteria that are used to determine your auto insurance rates. If you know what determines base rates, this empowers consumers to make smart changes that could help you find lower rates. Many things are part of the calculation when pricing auto insurance. Most are fairly basic like your driving record, but other factors are not as apparent like where you live or how safe your car is.

The factors shown below are some of the things used by companies to determine your rates.

• Driving citations mean higher premiums – Drivers with clean records pay lower auto insurance prices as compared to those with violations. Just one chargable violation could increase your next policy renewal forty percent or more. People who have severe citations like DWI, reckless driving or hit and run convictions may need to file a proof of financial responsibility form (SR-22) with their state DMV in order to prevent a license revocation.
• No auto insurance gaps is important – Not having insurance is a big no-no and any future policy may cost more because you let your coverage have a gap. Not only will rates go up, not being able to provide proof of insurance could earn you a revoked license or a big fine.
• Costs impacted by vehicle usage – The more you drive each year the more you’ll pay to insure it. Many insurance companies price each vehicle’s coverage based upon how you use the vehicle. Cars and trucks that do not get driven very much receive lower rates than cars that get driven a lot. It’s a smart idea to ensure your auto insurance coverage is rated on annual mileage. An incorrectly rated Mustang is just wasting money.
• Use one insurance company and save – Most larger companies afford discounts to buyers that buy multiple policies, otherwise known as a multi-policy discount. Even with this discount, it’s in your best interest to check prices from other companies to confirm you are receiving the best rates possible.
• If you don’t need it don’t buy it – Insurance companies have many extra coverages that may not really be needed if you aren’t diligent. Coverage for things like replacement cost coverage, death and dismemberment, and extra life insurance coverage may not be needed and are just wasting money. They may seem like a good idea when buying your policy, but now you might not need them so remove them from your policy.
• Age of drivers impacts prices – Beginning drivers have been known to get distracted easily with other occupants in the car so they pay higher auto insurance rates. Adding a teenage driver onto your auto insurance can be very expensive. Older drivers are more cautious drivers, cause fewer claims and accidents , and are generally more financially stable.

Don’t assume everyone needs the same insurance coverage coverage

When choosing proper insurance coverage, there is no cookie cutter policy. Coverage needs to be tailored to your specific needs so your insurance needs to address that. Here are some questions about coverages that might help in determining if your situation might need professional guidance.

• Is my vehicle covered by my employer’s policy when using it for work?
• Am I covered when driving on a suspended license?
• Is extra glass coverage worth it?
• Do I pay less for low miles?
• Does my 2008 Ford Mustang need full coverage?
• Do I need an umbrella policy?
• What if I total my 2008 Ford Mustang and owe more than it’s worth?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area.

Auto insurance coverage information

Learning about specific coverages of your car insurance policy can help you determine which coverages you need and proper limits and deductibles. The terms used in a policy can be confusing and nobody wants to actually read their policy. These are typical coverage types found on most car insurance policies.

Medical expense coverage

Medical payments and Personal Injury Protection insurance pay for expenses like X-ray expenses, surgery and EMT expenses. They are utilized in addition to your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Liability auto insurance

Liability insurance can cover damages or injuries you inflict on other people or property by causing an accident. This insurance protects YOU against other people’s claims. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 50/100/50 that means you have $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Some companies may use a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage pays for claims like repair costs for stationary objects, loss of income, legal defense fees, repair bills for other people’s vehicles and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as high a limit as you can afford.

Uninsured or underinsured coverage

This coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family as well as damage to your 2008 Ford Mustang.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Auto collision coverage

Collision insurance covers damage to your Mustang resulting from a collision with another car or object. A deductible applies then your collision coverage will kick in.

Collision coverage protects against things like sideswiping another vehicle, hitting a mailbox and crashing into a ditch. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Comprehensive protection

This coverage covers damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as vandalism, a broken windshield and damage from flooding. The maximum amount your car insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Spend less. Save more.

We just presented many ways to get a better price on 2008 Ford Mustang insurance. It’s most important to understand that the more rate comparisons you have, the higher your chance of finding inexpensive auto insurance. Consumers may even find the lowest priced insurance coverage comes from a company that doesn’t do a lot of advertising. Smaller companies can often provide lower car insurance rates in certain areas compared to the large companies like Geico and State Farm.

When getting auto insurance quotes online, you should never buy less coverage just to save a little money. Too many times, an insured cut liability limits or collision coverage and found out when filing a claim that they should have had better coverage. The aim is to buy a smart amount of coverage for the lowest cost, not the least amount of coverage.

More resources

• Crash Avoidance Technologies FAQ (iihs.org)
• Choosing an Insurance Company (Insurance Information Insitute)
• Neck Injury FAQ (iihs.org)
• Distracted Driving Statistics (Insurance Information Insitute)