2006 Ford Mustang Insurance Quotes

Trying to find the cheapest auto insurance rates for your Ford Mustang? Finding better rates for auto insurance can be hard for consumers not familiar with comparing rates online. There are so many options available that it can easily become a challenge to find the best price.

Impacting insurance rates for a Ford Mustang

Consumers need to have an understanding of the factors that go into determining insurance coverage rates. Having a good understanding of what impacts premium levels allows you to make educated decisions that could result in much lower annual insurance costs.

Listed below are a few of the “ingredients” companies use to determine premiums.

  • Rates may be higher depending on your occupation – Did you know that where you work can have an impact on rates? Occupations such as real estate brokers, architects and financial analysts are shown to have higher average rates due to high stress and long work days. Conversely, occupations such as pilots, engineers and performers pay the least on Mustang coverage.
  • No coverage gaps is important – Driving with no insurance can get your license suspended and you will pay a penalty because you let your coverage have a gap. And not only will insurance be more expensive, but not being able to provide proof of insurance may earn you a hefty fine and possibly a revoked license.
  • Keep rates low by being claim-free – If you are a frequent claim filer, you can definitely plan on either higher rates or even cancellation. Auto insurance companies give cheaper rates to policyholders who do not rely on their insurance for small claims. Car insurance is intended for major claims that would cause financial hardship.
  • Liability coverage is cheap – Liability insurance will protect you in the event that a court rules you are at fault for damages caused by your negligence. Liability provides legal defense which can cost thousands of dollars. Liability is cheap compared to physical damage coverage, so buy as much as you can afford.
  • Better crash test results mean better rates – Vehicles with high crash test scores can get you lower premiums. Safe vehicles reduce injuries and better occupant protection means lower claim amounts and more competitive rates for policyholders. If your Ford scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
  • Marriage brings a discount – Getting married can get you a discount on your insurance coverage policy. Having a significant other means you’re more responsible it has been statistically shown that married drivers get in fewer accidents.
  • Where you live is a factor – Choosing to live in a small town is a positive aspect when talking about insurance coverage. Fewer people means reduced accidents as well as less vandalism and auto theft. Drivers in populated areas have more traffic problems and much longer commute distances. More time commuting can result in more accidents.
  • Do men or women drive better? – Statistics demonstrate women are more cautious behind the wheel. However, this does not mean men are WORSE drivers than women. They both are in accidents in similar numbers, but the males have costlier accidents. They also have more aggressive citations like DUI and reckless driving. Youthful male drivers are the most expensive to insure and therefore are the most expensive to insure.

How to save on 2006 Ford Mustang insurance

Car insurance companies don’t list all available discounts in an easy-to-find place, so we researched some of the more common and the harder-to-find discounts you could be receiving.

  • Life Insurance – Some companies give a discount if you purchase life insurance.
  • Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes can avoid accidents and qualify for as much as a 10% discount.
  • Claim Free – Claim-free drivers can save substantially when compared with drivers who are more careless.
  • Senior Citizens – If you’re over the age of 55, you may receive reduced rates on Mustang coverage.
  • Driver Safety – Taking a course in driver safety could save 5% or more if you qualify.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to complete a driver education course if offered at their school.
  • Multi-policy Discount – If you have multiple policies with the same company you may save at least 10% off all policies.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to use a seat belt could cut 10% or more off the personal injury premium cost.
  • Drive Less and Save – Fewer annual miles on your Ford can earn discounted rates on garaged vehicles.
  • Discount for New Cars – Buying coverage on a new vehicle can save up to 30% due to better safety requirements for new cars.

It’s important to note that some credits don’t apply to all coverage premiums. Some only apply to individual premiums such as comp or med pay. So even though they make it sound like all those discounts means the company will pay you, companies wouldn’t make money that way.

To see a list of insurance companies with the best auto insurance discounts, follow this link.

Tailor your coverage to you

When it comes to choosing adequate coverage for your vehicles, there really is not a “best” method to buy coverage. Each situation is unique.

These are some specific questions can aid in determining whether you may require specific advice.

  • If my 2006 Ford Mustang is totaled, can I afford another vehicle?
  • What is high-risk coverage and where do I buy it?
  • Does car insurance cover theft of personal property?
  • Is my camper covered by my car insurance policy?
  • Should I put collision coverage on all my vehicles?
  • Are my friends covered when driving my 2006 Ford Mustang?
  • Will my insurance pay for OEM parts?
  • Can I rent a car in Mexico?
  • What vehicles should carry emergency assistance coverage?
  • Do I have coverage when using my vehicle for my home business?

If you’re not sure about those questions, you may need to chat with an agent. If you don’t have a local agent, take a second and complete this form.

Coverages available on your policy

Knowing the specifics of a insurance policy helps when choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.

Collision coverages – This will pay to fix damage to your Mustang from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like damaging your car on a curb, rolling your car, hitting a parking meter and driving through your garage door. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Protection from uninsured/underinsured drivers – Your UM/UIM coverage provides protection when the “other guys” do not carry enough liability coverage. Covered claims include 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, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Liability auto insurance – Liability insurance can cover damages or injuries you inflict on other’s property or people in an accident. It protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have 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 insurance covers things such as pain and suffering, structural damage and medical expenses. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive (Other than Collision) – Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like a broken windshield, vandalism and damage from a tornado or hurricane. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Medical expense insurance – Medical payments and Personal Injury Protection insurance kick in for expenses like hospital visits, funeral costs, prosthetic devices, ambulance fees and rehabilitation expenses. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants and also covers any family member struck as a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

A penny saved is a penny earned

Low-cost 2006 Ford Mustang insurance can be bought on the web as well as from independent agents, and you should compare price quotes from both so you have a total pricing picture. Some companies don’t offer online quoting and many times these regional insurance providers only sell through independent insurance agents.

We’ve covered a lot of information how to save on insurance. The key concept to understand is the more providers you compare, the higher your chance of finding lower rates. Drivers may discover the most savings is with some of the lesser-known companies.

When you buy insurance online, don’t be tempted to reduce needed coverages to save money. There are many occasions where someone sacrificed comprehensive coverage or liability limits only to discover later that they should have had better coverage. Your focus should be to purchase a proper amount of coverage at the best price while still protecting your assets.

Additional detailed information can be read at these sites: