Looking for the cheapest car insurance rates for your Ford Mustang? Tired of wondering where the money will come from to pay car insurance each month? You are no different than most other consumers.
Since consumers have many car insurance companies to choose from, it can be diffult for drivers to choose a lower cost insurance company.
There are a variety of methods to compare car insurance quotes, but some are less time-consuming than others. You can waste a few hours (or days) driving to local insurance agents in your area, or you could save time and use the internet to get prices fast.
Many of the larger companies are enrolled in a marketplace where insurance shoppers submit one quote, and each participating company then returns a price quote. This system prevents you from having to do quote requests to each company. To compare pricing click here to start a free quote.
The single downside to comparing rates this way is you don’t know exactly the providers you will receive quotes from. So if you want to choose specific insurance companies to request quotes from, we have a listing of the cheapest car insurance companies in your area. Click to view list.
Whichever way you choose to compare rates, make absolute certain that you use exactly the same deductibles and coverage limits with every price quote. If you have different limits and deductibles on each one then you won’t be able to determine the lowest rate for your Ford Mustang. Having just a slight variation in insurance coverages could mean much higher rates. And when comparing car insurance rates, know that quoting more helps improve the odds of finding more affordable insurance.
When buying proper insurance coverage for your vehicles, there really is not a one size fits all plan. Everyone’s situation is unique and a cookie cutter policy won’t apply. These are some specific questions can aid in determining whether or not you would benefit from professional advice.
Learning about specific coverages of insurance aids in choosing the right coverages at the best deductibles and correct limits. Insurance terms can be confusing and reading a policy is terribly boring. Below you’ll find typical coverages found on most insurance policies.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims like hitting a deer, damage from a tornado or hurricane, vandalism and a tree branch falling on your vehicle. The highest amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.
Insurance for medical payments
Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for things like prosthetic devices, surgery and pain medications. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. It covers you and your occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay
This coverage protects you from damage that occurs to other’s property or people that is your fault. It protects YOU from legal claims by others. It does not cover damage sustained by your vehicle in an accident.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 100/300/100 that translate to a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.
Liability coverage pays for claims like repair costs for stationary objects, repair bills for other people’s vehicles and attorney fees. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.
Uninsured Motorist or Underinsured Motorist insurance
Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.
Collision coverage protects against claims such as crashing into a building, driving through your garage door and colliding with a tree. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Drivers also have the option to bump up the deductible to bring the cost down.