Lower Your 1993 Ford Mustang Insurance Cost

Searching for lower insurance rates? Consumers have a choice when looking for the best price on Ford Mustang insurance. They can either spend hours calling around trying to get quotes or use the internet to get rate quotes.

There is a right way and a wrong way to shop for insurance so you’re going to learn the proper way to compare rates for a Ford and find the lowest price.

Compare the Market for Insurance Coverage

Finding lower insurance coverage rates isn’t really that difficult. Drivers just need to spend a little time comparing price quotes from different insurance companies. This can be done in just a few minutes using one of these methods.

The single most time-saving way consumers can analyze rates is a comparison rater form like this one (opens in new window). This easy form prevents you from having to do separate quotation requests for each company. One quote request gets rate comparisons direct from many companies. Recommended for those who want to invest the least amount of time.

A more difficult way to shop for insurance coverage online is to take the time to go to the website for each individual company and fill out their own quote form. For example, we’ll assume you want to compare rates from Liberty Mutual, Farmers and Progressive. To get each rate you have to take the time to go to each site and enter your policy data, which is why the first method is quicker. For a handy list of car insurance company links in your area, click here.

The least efficient way of comparing rate quotes is to spend your day driving to and from local insurance agencies. Shopping for insurance coverage online makes this process obsolete unless you want the professional advice of a licensed agent. Drivers can price shop online but buy from a local insurance agent and we’ll talk about that later.

Whichever method you choose, make sure you use identical deductibles and coverage limits for every company. If you use different deductibles it’s not possible to make a fair comparison for your Ford Mustang.

When might I need help?

When it comes to buying the right insurance coverage, there isn’t really a “best” method to buy coverage. Every insured’s situation is different.

Here are some questions about coverages that might point out whether your personal situation will benefit from professional help.

  • How do I buy GAP insurance?
  • How can I get high-risk coverage after a DUI?
  • Am I covered if I crash into my own garage door?
  • How does medical payments coverage work?
  • Should I rate my 1993 Ford Mustang as pleasure use or commute?
  • Do I pay less for low miles?
  • Why am I required to buy high-risk coverage?
  • Where can I find high-risk insurance?

If you can’t answer these questions but one or more may apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, simply complete this short form. It’s fast, doesn’t cost anything and you can get the answers you need.

Specific coverages for a 1993 Ford Mustang

Knowing the specifics of auto insurance can help you determine the right coverages and proper limits and deductibles. Auto insurance terms can be impossible to understand and coverage can change by endorsement.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Ford Mustang.

Since a lot of drivers carry very low liability coverage limits, 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. Usually these limits are set the same as your liablity limits.

Auto liability

Liability coverage will cover damages or injuries you inflict on other people or property that is your fault. It protects you against other people’s claims. Liability 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 50/100/50 which means a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage pays for things such as repair costs for stationary objects, pain and suffering, repair bills for other people’s vehicles and court costs. The amount of liability coverage you purchase is a decision to put some thought into, but buy as large an amount as possible.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as a broken windshield, rock chips in glass and hail damage. The highest amount your auto insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision insurance

Collision coverage will pay to fix damage to your Mustang resulting 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 claims like crashing into a building, damaging your car on a curb, hitting a parking meter, scraping a guard rail and hitting a mailbox. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. You can also raise the deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP pay for short-term medical expenses for nursing services, rehabilitation expenses, EMT expenses and dental work. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to both the driver and occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage