Save on 1992 Ford Mustang Insurance Rates

Are you a victim of an underperforming, overpriced car insurance policy? Trust us, many consumers feel financially strained by their car insurance policy.

Consumers have many auto insurance companies to purchase coverage from, and although it’s a good thing to be able to choose, having more car insurance companies makes it harder to adequately compare rates.

It’s a good idea to take a look at other company’s rates quite often due to the fact that insurance rates trend upward over time. Just because you had the best deal on Mustang coverage a few years ago you will most likely find a better rate today. Ignore everything you know about car insurance because I’m going to let you in on the secrets to the easiest way to find better coverage at a better price.

Buying affordable protection is simple if you know the tricks. Just about everyone who shops for car insurance will more than likely be able to save money. But drivers need to have an understanding of the methods companies use to price insurance differently and apply this information to your search.

Cut your premium with discounts

Properly insuring your vehicles can get expensive, but you can get discounts that you may not know about. Some trigger automatically when you quote, but some must be specifically requested prior to receiving the credit.

  • Use Seat Belts – Using a seat belt and requiring all passengers to wear their seat belts could cut 10% or more off your PIP or medical payments premium.
  • Payment Method – If you pay your entire premium ahead of time rather than paying monthly you could save 5% or more.
  • Drive Less and Save – Keeping the miles down on your Ford can qualify you for better rates on cars that stay parked.
  • Safe Driver Discount – Safe drivers may receive a discount up to 45% less on Mustang coverage than their less cautious counterparts.
  • Own a Home – Simply owning a home may trigger a insurance coverage policy discount due to the fact that maintaining a home demonstrates responsibility.
  • Discount for Life Insurance – Select insurance companies reward you with a discount if you purchase a life insurance policy as well.

As a disclaimer on discounts, many deductions do not apply to the overall cost of the policy. Most only reduce individual premiums such as liability and collision coverage. So despite the fact that it appears all the discounts add up to a free policy, companies don’t profit that way. Any amount of discount will cut your premiums.

Companies that possibly offer these money-saving discounts include:

Check with each insurance company what discounts are available to you. All car insurance discounts might not apply in your state.

What is the best insurance coverage?

When it comes to buying the best car insurance coverage for your vehicles, there really is not a cookie cutter policy. Coverage needs to be tailored to your specific needs so your insurance needs to address that. These are some specific questions might point out whether or not you could use an agent’s help.

  • Do I pay less for low miles?
  • Is pleasure use cheaper than using my 1992 Ford Mustang to commute?
  • If I drive on a suspended license am I covered?
  • Should I buy more coverage than the required minimum liability coverage?
  • What is no-fault insurance?
  • Are rental cars covered under my policy?

If you don’t know the answers to these questions, then you may want to think about talking to an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies.

Are auto insurance companies telling the truth?

State Farm, Allstate and Geico regularly use ads on television and other media. All the companies have a common claim that you’ll save big if you move your policy. How do they all claim to save you money? It’s all in the numbers.

Different companies have a preferred profile for the right customer that is profitable for them. An example of a preferred risk might be between the ages of 40 and 55, has no driving citations, and has excellent credit. Any driver who matches those parameters gets the lowest rates and as a result will probably save quite a bit of money when switching.

Consumers who don’t qualify for this ideal profile must pay a higher premium and ends up with business going elsewhere. Company advertisements say “drivers who switch” but not “drivers who get quotes” save that much money. That is how insurance companies can state the savings.

This illustrates why you absolutely need to get as many comparisons as possible. It is impossible to predict which auto insurance company will provide you with the cheapest Ford Mustang insurance rates.

The coverage is in the details

Learning about specific coverages of insurance can help you determine the right coverages for your vehicles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Shown next are the usual coverages found on most insurance policies.

Comprehensive coverage

This covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like vandalism, damage from flooding, falling objects, damage from getting keyed and hitting a bird. The highest amount a insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Auto liability insurance

Liability coverage will cover injuries or damage you cause to other people or property that is your fault. This insurance protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Another option is one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for claims such as legal defense fees, emergency aid, attorney fees, repair bills for other people’s vehicles and repair costs for stationary objects. How much coverage you buy is your choice, but you should buy higher limits if possible.

Collision coverage

This coverage will pay to fix damage to your Mustang from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as colliding with another moving vehicle, sustaining damage from a pot hole and sideswiping another vehicle. This coverage can be expensive, so consider removing coverage from lower value vehicles. You can also raise the deductible to save money on collision insurance.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for things like X-ray expenses, rehabilitation expenses and hospital visits. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your 1992 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 important protection for you and your family. Usually the UM/UIM limits are similar to your liability insurance amounts.

Quote often and quote early

We’ve covered many ideas to shop for 1992 Ford Mustang insurance online. The key thing to remember is the more rate quotes you have, the better likelihood of reducing your rate. Drivers may discover the lowest priced car insurance comes from the smaller companies. Smaller companies may have significantly lower rates on certain market segments compared to the large companies like Allstate and Progressive.

As you prepare to switch companies, it’s not a good idea to buy poor coverage just to save money. There are many occasions where an insured dropped comprehensive coverage or liability limits only to find out that it was a big error on their part. Your focus should be to buy the best coverage you can find at the best price while not skimping on critical coverages.

The cheapest insurance is available both online and with local insurance agents, so compare prices from both in order to have the best price selection to choose from. Some companies do not offer online price quotes and many times these small insurance companies only sell through independent insurance agents.

Additional information can be read on the following sites: