Lower Your 2007 Ford Mustang Car Insurance Quotes

Looking for cheaper insurance rates for your Ford Mustang? No one in their right mind likes paying for insurance, in particular when the price is too high. You have so many car insurance companies to buy insurance from, and although it’s nice to have a choice, having more auto insurance companies makes it harder to compare rates.

Consumers should take time to shop coverage around periodically because prices are rarely the same from one policy term to another. Just because you found the best rates for Mustang insurance two years ago you may be paying too much now. Starting now, forget all the misinformation about insurance because you’re about to learn how to use online quotes to lower your annual insurance bill.

Pieces of the Ford Mustang insurance rate puzzle

Smart consumers have a good feel for some of the elements that go into determining the price you pay for car insurance. Knowing what determines base rates allows you to make educated decisions that could result in lower car insurance prices.

Listed below are some of the factors companies use to determine premiums.

Being married is a good thing – Getting married can get you a discount on car insurance. Having a significant other translates into being more mature than a single person it has been statistically shown that being married results in fewer claims.
Policy add-ons can waste money – There are a ton of additional coverages that you can buy if you aren’t careful. Coverages like rental car reimbursement, towing coverage and additional equipment coverage are some examples. They may seem good when talking to your agent, but now you might not need them so get rid of them and save.
Higher safety ratings means cheaper insurance – Vehicles with good safety scores get lower rates. These vehicles have better occupant injury protection and better occupant protection translates into fewer and smaller insurance claims passed on to you as lower rates. If your Ford Mustang earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
Traffic citations inflate rates – Just one citation may increase your cost by as much as thirty percent. Drivers with clean records receive lower rates than their less careful counterparts. Drivers who have dangerous citations like hit and run, DWI or reckless driving convictions may need to submit a SR-22 form with their state DMV in order to prevent a license revocation.
Your car’s features help determine rates – Purchasing a vehicle with an alarm system can help bring down rates. Anti-theft features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping your vehicle from being stolen.
Protect yourself with liability coverage – Liability insurance is the coverage that protects you in the event that you are found liable for damages caused by your negligence. Liability insurance provides for a legal defense which can cost thousands of dollars. Liability is cheap compared to physical damage coverage, so do not skimp.

Cut your premium with discounts

Companies offering auto insurance don’t always advertise every discount in an easy-to-find place, so we break down some of the best known and the harder-to-find insurance coverage savings. If they aren’t giving you every credit you qualify for, you are paying more than you should be.

Clubs and Organizations – Participating in certain professional organizations may earn a discount on your policy for Mustang insurance.
Braking Control Discount – Anti-lock brake equipped vehicles can avoid accidents and will save you 10% or more.
Drivers Education – Require your teen driver to enroll in driver’s education if it’s offered in school.
Theft Prevention System – Vehicles with anti-theft systems help deter theft and therefore earn up to a 10% discount.
55 and Retired – Older drivers can possibly qualify for better insurance coverage rates for Mustang insurance.
Auto/Life Discount – Some companies give a break if you buy life insurance from them.
Seat Belt Usage – Using a seat belt and requiring all passengers to use a seat belt could cut 10% or more off your PIP or medical payments premium.
Driver Safety – Successfully completing a driver safety course could cut 5% off your bill depending on where you live.
Federal Government Employee – Being employed by or retired from a federal job can earn a discount up to 10% for Mustang insurance with a few insurance coverage companies.
Accident Free – Drivers with accident-free driving histories pay less when compared to drivers who are more careless.

It’s important to note that most discounts do not apply to your bottom line cost. Some only apply to the cost of specific coverages such as liability, collision or medical payments. So despite the fact that it appears all the discounts add up to a free policy, you won’t be that lucky.

To see a list of insurers with the best insurance coverage discounts, click this link.

What is the best insurance coverage?

When it comes to buying proper insurance coverage, there is no best way to insure your cars. Everyone’s situation is unique so this has to be addressed. Here are some questions about coverages that can help discover if you would benefit from an agent’s advice.

Does coverage extend to a rental car in a foreign country?
Should I put collision coverage on all my vehicles?
Why is insurance for a teen driver so high?
Is pleasure use cheaper than using my 2007 Ford Mustang to commute?
Can I afford to pay high deductible claims out of pocket?
Am I covered if I wreck a rental car?
What discounts do I qualify for?
What are the financial responsibility laws in my state?
Do I need roadside assistance coverage?
Am I covered by my spouse’s policy after a separation?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed agent. To find lower rates from a local agent, fill out this quick form or you can also visit this page to select a carrier It’s fast, free and can help protect your family.

Learn about insurance coverages for a Ford Mustang

Learning about specific coverages of your insurance policy can help you determine the best coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring. Listed below are the usual coverages found on the average insurance policy.

Collision coverages – This coverage pays for damage to your Mustang resulting from colliding with another car or object. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things such as crashing into a ditch, colliding with another moving vehicle, driving through your garage door, backing into a parked car and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

Comprehensive auto coverage – Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as a broken windshield, falling objects, fire damage and theft. The maximum payout your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for expenses like dental work, surgery, funeral costs, prosthetic devices and pain medications. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Liability coverages – Liability insurance protects you from damage or injury you incur to other’s property or people by causing an accident. This coverage protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: 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 25/50/25 that translate to a limit of $25,000 per injured person, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability insurance covers claims like repair bills for other people’s vehicles, emergency aid, legal defense fees and loss of income. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

UM/UIM (Uninsured/Underinsured Motorist) coverage – This coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea.

Be a penny pincher

You just read a lot of techniques to save on 2007 Ford Mustang insurance. The most important thing to understand is the more you quote, the better your chances of lowering your rates. You may be surprised to find that the best prices are with some of the lesser-known companies. These companies may cover specific market segments cheaper as compared to the big name companies such as State Farm, Geico and Nationwide.

While you’re price shopping online, never reduce coverage to reduce premium. Too many times, drivers have reduced uninsured motorist or liability limits and found out when filing a claim that it was a big mistake. The proper strategy is to buy the best coverage you can find at a price you can afford.