How Much Does 2017 Ford Mustang Insurance Cost?

Want lower auto insurance rates? Drivers have options when trying to find low-cost Ford Mustang insurance. They can either spend hours calling around to get rate comparisons or leverage the internet to find the lowest rates.

There is a right way and a wrong way to find auto insurance online and you need to know the proper way to compare rates for your Ford and get the lowest price.

You need to price shop coverage before your next renewal because prices are constantly changing. Just because you had the lowest rates for Mustang insurance a few years ago you may be paying too much now. Forget anything you know (or think you know) about auto insurance because I’m going to let you in on the secrets to the fastest way to lower your rates without sacrificing coverage.

If you have insurance now or are shopping for new coverage, you can follow these tips to find better prices and still get good coverage. The purpose of this post is to help you learn how to effectively get price quotes. Vehicle owners just need to understand the proper methods to shop on the web.

More affordable rates by taking advantage of discounts

The cost of insuring your cars can be expensive, but you may qualify for discounts that could drop your premiums quite a bit. Certain discounts will be applied at the time of quoting, but some may not be applied and must be asked for prior to getting the savings.

• Employee of Federal Government – Active or former government employment may qualify for a discount when you quote car insurance for Mustang insurance with a few auto insurance companies.
• Driver’s Education for Students – Cut your cost by having your teen driver participate in a local driver’s education class in school.
• Student in College – Older children who live away from home at college and do not have access to a covered vehicle could qualify for this discount.
• Driver Training Discounts – Participating in a course teaching defensive driver skills could cut 5% off your bill and also improve your driving technique.
• Renewal Discounts – A few companies allow discounts for switching to them early. It’s a savings of about 10%.
• Professional Memberships – Being in qualifying employment or professional organizations could trigger savings on your policy.
• Fewer Miles Equal More Savings – Keeping the miles down on your Ford can earn lower premium rates due to less chance of an accident.

One thing to note about discounts is that many deductions do not apply to all coverage premiums. The majority will only reduce specific coverage prices like medical payments or collision. So when it seems like all those discounts means the company will pay you, you won’t be that lucky.

A list of companies and the discounts they provide can be read below.

• State Farm discounts include anti-theft, safe vehicle, passive restraint, Drive Safe & Save, and defensive driving training.
• Geico may include discounts for federal employee, anti-theft, five-year accident-free, military active duty, emergency military deployment, membership and employees, and multi-policy.
• Allstate policyholders can earn discounts including anti-theft, premier discount, early signing, FullPay discount, premier plus, teenSMART discount, and good student.
• SAFECO has savings for homeowner, anti-theft, multi-car, accident prevention training, teen safe driver, drive less, and safe driver.
• Farm Bureau may offer discounts for good student, 55 and retired, renewal discount, multi-vehicle, and multi-policy.
• Progressive includes discounts for online signing, multi-vehicle, continuous coverage, good student, online quote discount, and homeowner.
• AAA may have discounts that include good driver, education and occupation, multi-car, anti-theft, and good student.

If you are trying to find affordable car insurance quotes, ask all the companies how you can save money. Depending on the company, some discounts might not be available to policyholders in every state.

Smart choices result in lower insurance premiums

Multiple criteria are part of the calculation when pricing auto insurance. Some of the criteria are obvious like a motor vehicle report, although others are less apparent such as your marital status or your financial responsibility.

The following are some of the things used by companies to determine your prices.

• Insurance coverage rates and your employer – Occupational choices like military personnel, business owners and medical professionals tend to have the highest average rates because of high stress levels and incredibly demanding work hours. On the flip side, occupations like professors, athletes and the unemployed get better rates for Mustang insurance.
• Compare rates if you combine your policies – Most larger insurers will award better rates to clients that have more than one policy, otherwise known as a multi-policy discount. The amount of the discounts can be ten or even fifteen percent. Even if you already get this discount, you still need to get quotes from other companies to help guarantee you have the best rates.
• Less chance of injury means lower premiums – Vehicles that have high safety ratings tend to have better insurance rates. Highly rated vehicles reduce injuries and lower injury rates translates directly to fewer claims which can mean better rates for you. If your Ford scored at minimum four stars on Safercar.gov you are probably receiving a discount.
• High credit scores equal low prices – An insured’s credit rating is a big factor in determining what you pay for insurance coverage. Insureds with high credit scores tend to be better risks to insure than drivers who have poor credit scores. If your credit score leaves room for improvement, you could be paying less to insure your 2017 Ford Mustang by repairing your credit.
• Poor driving habits means higher costs – Even a single citation could increase your next policy renewal by twenty percent. Drivers who don’t get tickets get better prices compared to drivers with tickets. Drivers who have gotten dangerous violations such as hit and run, DWI or reckless driving convictions may need to complete a SR-22 with their state DMV in order to legally drive.

How much insurance coverage do I need?

When buying coverage for your vehicles, there really is not a one size fits all plan. Every situation is different.

These are some specific questions can aid in determining whether or not you would benefit from professional advice.

• Am I covered when using my vehicle for business?
• Do I really need UM/UIM coverage?
• Does my policy pay for OEM or aftermarket parts?
• Can I afford low physical damage deductibles?
• When should I drop full coverage on my 2017 Ford Mustang?
• Why am I required to buy liability insurance?
• Should I bundle my homeowners policy with my auto?
• Where can I get insurance after a DUI in my state?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to an insurance agent. To find lower rates from a local agent, complete this form. It is quick, free and can help protect your family.

Be skeptical of insurance coverage ads

Consumers constantly see and hear ads for the lowest price insurance coverage from companies such as State Farm and Allstate. All the companies state the claim about savings after switching your insurance coverage policy to them.

That’s great but how can every company lower your premium rates? Just pay attention to how they say it.

All companies have specific characteristics for the type of driver that makes them money. A good example of this type of driver could possibly be over age 30, has no driving citations, and drives a car with an anti-theft system. A customer getting a price quote who fits that profile will get the preferred rates and will most likely save when switching.

People who do not meet those criteria will probably be forced to pay higher prices and ends up with the customer buying from a different company. If you pay close attention to the ads, they say “people that switch” but not “all drivers who get quotes” save that much. That’s why companies can make those claims.

Different companies use different criteria so you need to compare rate quotes every year. It is impossible to guess which company will give you the biggest savings.

Auto insurance 101

Having a good grasp of auto insurance can be of help when determining appropriate coverage at the best deductibles and correct limits. Auto insurance terms can be confusing and even agents have difficulty translating policy wording.

Liability auto insurance – Liability coverage protects you from damage that occurs to a person or their property that is your fault. This insurance protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for things like funeral expenses, emergency aid and medical services. The amount of liability coverage you purchase is a personal decision, but buy higher limits if possible.

Coverage for uninsured or underinsured drivers – Your UM/UIM coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants 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, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally these limits are similar to your liability insurance amounts.

Comprehensive auto insurance – This coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like damage from flooding, damage from getting keyed, hitting a deer and a broken windshield. The maximum payout a auto insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses like surgery, nursing services, funeral costs and EMT expenses. They can be used in conjunction with a health insurance plan or if you are not covered by health insurance. Coverage applies to both the driver and occupants in addition to getting struck while a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Collision coverage – Collision insurance covers damage to your Mustang from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against claims like crashing into a building, sideswiping another vehicle, backing into a parked car and colliding with another moving vehicle. Collision is rather expensive coverage, so consider removing coverage from older vehicles. It’s also possible to raise the deductible to save money on collision insurance.

Never pay more for less

As you shop your coverage around, it’s very important that you do not buy less coverage just to save a little money. In many instances, someone dropped liability limits or collision coverage only to regret that saving that couple of dollars actually costed them tens of thousands. The goal is to purchase a proper amount of coverage for the lowest cost, not the least amount of coverage.

Budget-conscious 2017 Ford Mustang insurance can be sourced on the web in addition to many insurance agents, so you should compare both so you have a total pricing picture. Some companies do not provide rates over the internet and usually these small insurance companies provide coverage only through independent agencies.

People switch companies for a number of reasons such as questionable increases in premium, an unsatisfactory settlement offer, policy cancellation and even not issuing a premium refund. It doesn’t matter what your reason, switching insurance coverage companies is easier than you think.

Additional detailed information is available by following these links:

• Choosing a Car for Your Teen (State Farm)
• Teen Driver Licensing Information (iihs.org)
• How to Avoid Common Accidents (State Farm)
• Side Impact Crash Tests (iihs.org)
• Red Light Cameras (State Farm)