1999 Ford Mustang SVT Cobra Car Insurance Cost – 6 Tips to Save

Trying to find lower car insurance rates for your Ford Mustang SVT Cobra? Did you fall for a flashy sales pitch and buy overpriced car insurance? Trust us, many consumers feel financially strained by their car insurance policy. You have multiple insurance companies to buy insurance from, and although it’s nice to have a choice, it can be more challenging to find the lowest rates.

It’s a good idea to take a look at other company’s rates before your policy renews since insurance rates change regularly. Even if you got the lowest rates for Mustang SVT Cobra coverage a few years ago there is a good chance you can find better rates now. You can find a lot of wrong information about car insurance online, so we’re going to give you the easiest ways to put money back in your pocket.

Comprehensive Auto Insurance Comparison Quotes

Finding a better price on auto insurance is a fairly straight forward process. The only requirement is to invest a little time to compare quotes provided by online insurance companies. This can be accomplished using a couple different methods.

The single most time-saving way to find low rates is a comparison rater form click to view form in new window. This type of form eliminates the need for separate forms to each individual auto insurance company. In just a few minutes this one form compares rates from several companies.
Another way to analyze rates is to take the time to go to the website for each individual company to complete a price quote. For examples sake, we’ll pretend you want rates from State Farm, Progressive and Allstate. You would have to take the time to go to each site and enter your information, which is why most consumers use the first method. To view a list of companies in your area, click here.
The least efficient way of getting rate comparisons is driving to and from local insurance agencies. The internet can eliminate the need for a local agent unless you want the personal advice of a licensed agent. However, consumers can compare online quotes but buy from a local insurance agent.

Whichever method you choose, ensure you are comparing apples-to-apples coverages and limits with each company. If you have different limits and deductibles on each one it’s not possible to determine the lowest rate for your Ford Mustang SVT Cobra.

Discounts mean cheaper Ford Mustang SVT Cobra insurance rates

Insurance can cost an arm and a leg, but there could be available discounts that many people don’t even know exist. Certain discounts will be applied when you complete an application, but lesser-known reductions have to be specially asked for before being credited. If you don’t get every credit you qualify for, you are paying more than you should be.

Bundle and Save – When you combine your home and auto insurance with one insurance company you may save at least 10% off all policies.
Payment Discounts – By paying your policy upfront instead of monthly or quarterly installments you could save up to 5%.
Homeowners Pay Less – Owning a house can help you save on insurance coverage because owning a home is proof that your finances are in order.
Life Insurance – Companies who offer life insurance give lower rates if you buy life insurance.
Accident Forgiveness – A handful of insurance companies permit an accident before raising your premiums so long as you haven’t had any claims for a set time period.
Safety Course Discount – Taking a course in driver safety could cut 5% off your bill and easily recoup the cost of the course.

Keep in mind that most credits do not apply to the entire policy premium. A few only apply to specific coverage prices like physical damage coverage or medical payments. So despite the fact that it appears it’s possible to get free car insurance, it doesn’t quite work that way. But any discount will help reduce the cost of coverage.

For a list of companies who offer insurance coverage discounts, click this link.

Tailor your coverage to you

When it comes to buying the best auto insurance coverage, there is no perfect coverage plan. Every insured’s situation is different so your insurance should reflect that For instance, these questions can help discover whether or not you will benefit from professional help.

Will filing a claim cost me more?
Do I need added coverage for expensive stereo equipment?
What is UM/UIM insurance?
I have a DUI can I still get coverage?
Is my vehicle covered by my employer’s policy when using it for work?
Is rental equipment covered for theft or damage?
Where can I find high-risk insurance?
Am I covered when delivering products for my home-based business?

If it’s difficult to answer those questions then you might want to talk to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It is quick, free and can provide invaluable advice.

The coverage is in the details

Having a good grasp of auto insurance aids in choosing which coverages you need and the correct deductibles and limits. Auto insurance terms can be difficult to understand and reading a policy is terribly boring. Shown next are typical coverage types found on the average auto insurance policy.

Coverage for collisions

Collision coverage covers damage to your Mustang SVT Cobra caused by collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as colliding with a tree, crashing into a building and scraping a guard rail. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to get cheaper collision coverage.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance reimburse you for bills for things like ambulance fees, prosthetic devices and chiropractic care. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Ford Mustang SVT Cobra.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Liability coverage

Liability coverage provides protection from damages or injuries you inflict on a person or their property that is your fault. It protects YOU against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Some companies may use a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for things such as structural damage, emergency aid and legal defense fees. How much liability coverage do you need? That is a personal decision, but consider buying as high a limit as you can afford.

Comprehensive insurance

This pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like rock chips in glass, a tree branch falling on your vehicle, falling objects, hail damage and hitting a bird. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.